A lot has been made about Mitt Romney’s recently released 2011 tax returns. Most of his income comes from investments made in a ‘blind trust’. Some take issue with whether or not the trust is truly ‘blind’. Others have taken issue with his effective tax rate(it’s lower than what many wage earners pay). I . . . → Read More: Wait… Nearly 14 Million from a Blind Trust!?
The story of taxation usually goes like this: You earn your dollars, then give some portion of it to the government. The government then takes your money and buys tanks, builds roads, and gives food to the poor. For local and state governments, that is a true story. However, for the federal government, which . . . → Read More: The Purpose of Taxes
It’s Monday, so not ease back into the work week with some humor. From Allgov:
Nobody likes taxes. The problem is that the United States government needs money—lots of it—to do all the things we want it to do. So we tend to think of taxes as unpleasant necessities. I believe we can eliminate taxes completely. We just . . . → Read More: Putting an End to Taxes
One of my favorite, and most frequent commenters, Robinson, asked a question this week. How does the “fair tax” hold up against modern taxes? What are the problems and benefits? That’s a small question with a big answer. First, let’s figure out how to judge a tax and then next week, I’ll discuss how the . . . → Read More: What is a Good Tax?