Tax Politics
The Politics of Taxes
Biden’s Unclean, Unseen Energy
Mark Mill’s had an excellent piece recently in the Wall Street Journal entitled, “Biden’s Not-So-Clean Energy Transition.” In it, he lays out the hidden costs and pitfalls of Biden’s energy plans, a sentiment shared by the International Energy Agency (IEA) 287 page...
The Seriousness of IRS Confidentiality
The recent exposé from Pro Publica which published sensitive tax information from wealthy Americans has caused quite a stir. Their justification to disclose “the tax details of the richest Americans” was based on the belief that “the public interest in an informed...
The Egregious Elimination of Important Personal Tax Deductions by TCJA
The Tax Cuts and Job Act of 2017 was an important law that made some positive changes to the tax code. It reformed and reduced many regulations, thereby spurring economic growth, and got people to understand the importance of reducing marginal rates. On the corporate...
What Makes Good (Tax) Law
A good tax system is built on four principles: simplicity, transparency, neutrality, and stability. Serious minded professionals and statesmen have known and pushed for these principles for generations. These principles should be the basis for tax policies created by...
More on Capital Gains
The concept of an American President (Biden) going after people making a lot of money displays an absolute lack of familiarity with how people get wealthy. As a CPA, I can attest to the fact that the most common way people accumulate massive wealth is either by a huge...
Biden’s Ignorance About Capital Gains
When Biden was a candidate, one of his proposals was to raise the capital gains tax (which also applies to dividends) to 39.6%. When I wrote about it at the time, it sounded completely outrageous that any serious candidate for President of the United States would...