Relevant and even prescient commentary on news, politics and the economy.

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Oil, Windfall Profits Tax, and Ceteris Paribus

David Altig cites the Tax Foundation for “evidence” that a windfall profits tax will gather little additional revenue. David writes: The shortfall from projected revenues in that picture had a…

Debunking the White House’s Budget Myths

tax relief, the U.S. economy is growing at a healthy pace, creating millions of new jobs and increasing business investment.” Of course, it is certainly true that government tax revenues,…

Lighter Tax Burdens for the Rich: Novak vs. Bush

taxes. The Bush campaign’s selective figures ignore all the rest of federal taxes including corporate income taxes, excise taxes, and payroll taxes. They ignore estate taxes too (but so does…

tax collections could be used for some direct job-creating tax stimulus. That’s an excellent idea, I think. Like AB’s proposed reduction in the payroll tax, these are the sorts of…

…effective tax rate on income received via corporate profits. So is the problem really that dividends are taxed twice? All sorts of income are taxed twice. It’s taxed when I…

Millennials like socialism — until they get jobs. Or until a pollster tells them that it would mean tax increases but doesn’t tell them, for example, that the tax increases would replace healthcare insurance premiums and out-of-pocket medical expenses. And doesn’t tell them that “more government services” means something other than, say, trash collection twice a week instead of once a week.

…high taxes, support flips and 57 percent of millennials opt for smaller government with fewer services and low taxes, while 41 percent prefer large government. Ah, yes; the ole, reliable,…

Tax the Rich

…also argued that capital income — income from things like capital gains, corporate profits, dividends, etc. — should be taxed, which broke with previous models of optimal tax theory. (Our…