Tax Politics
The Politics of Taxes
State Should Give Capital Gains Breaks
Capital gains are the profits realized from the sale of an asset and are included as part of taxable income. A handful of states have favorable rates toward capital gains (or don’t tax them at all because they do not have an income tax). Other states tax...
Did George Floyd’s Killing Have Anything to Do With Racism?
Whenever anyone talks about George Floyd, we are immediately reminded that he was a black man unjustly killed by a white policeman and that he is now a symbol of racial justice. The problem is that racism was not even a factor in Floyd’s death -- but you won’t...
Biden Should Not Be Modeling FDR
How is it that serious economists and lawmakers want to follow FDR’s economic policies as some sort of model to follow? People who want to revive his ideas are absolutely insane. FDR took a recession that was ending (it was already four years old when he took office...
Pro Publica and Unrealized Taxes
We have a certain tax rate that exists today because we have to raise a certain amount of revenue. Remember, the only reason we have taxes is to pay for things that the government needs to do under the provisions of the Constitution. The revenue from the income...
Unfit Fauci
Though I try to stick with taxes, politics, and economics, the recklessness and stupidity with which Anthony Fauci is directing Covid health policy can’t be ignored. One of the most incompetent and sad actions ever taken by this country has been to put Fauci in charge...
Rahm Emanuel: Deceitful as Always – this Time On Taxes
In a recent article in the Wall Street Journal, “Why the GOP Has Gone Quiet Over Tax Hikes,” Rahm Emmanuel suggests that the GOP has gone quiet over tax hikes because Biden’s new tax plan is popular. For someone who is supposed to know about economics, however, his...