Posts Tagged ‘ taxes ’

If even business doesn’t get this then what hope?

August 26, 2015
posted by

Tim Worstall Adam Smith Institute
by Tim Worstall  

"One of the standard bits of economics that we need to explain again and again is the incidence of taxes. Corporations don't pay profits taxes, shareholders and workers bear the burden. [S]imilarly, business, in the form of a business that uses commercial property, doesn't pay business rates: they fall upon the landlord. But if business itself doesn't manage to grasp this point then what hope of getting everyone else to grasp it?" (08/26/15)

http://tinyurl.com/ntjfpke  

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The spenders’ eternal excuse

August 24, 2015
posted by

Paul Jacob Common Sense
by Paul Jacob  

"Most modern welfare states have a huge problem: their politicians promise more than government revenue covers. So they borrow and borrow until they can borrow no more. And then they go down. Like Greece has gone down. Banks are closed there, and the people suffer. The problem is over-spending and over-promising (the latter being merely committing to future over-spending, so let's just call it all over-spending). But when you confront a partisan of such extravagance -- whether that person be a politician or a constituency beneficiary or an ideological socialist or social democrat -- the most common defense is: THEY WOULDN'T LET US TAX ENOUGH." (08/21/15)

http://thisiscommonsense.com/2015/08/21/the-spenders-eternal-excuse/  

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IRS: Tax scam losses exceed $20 million

August 11, 2015
posted by

Forbes    

"The IRS is warning taxpayers to be vigilant and on high alert in the wake of evolving tax scams. A recent IRS press release notes that the Treasury Inspector General for Tax Administration (TIGTA) has received reports of roughly 600,000 contacts just since October of 2013. Indeed, TIGTA is aware of thousands of victims with collective losses exceeding $20 million." [editor's note: And that's not counting the IRS's own scam! - TLK] ()8/10/15)

http://tinyurl.com/p5hegoc  

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Lifting workers out of poverty: The minimum wage versus the Earned Income Tax Credit

August 10, 2015
posted by

National Center for Policy Analysis National Center for Policy Analysis
by Joshua Latshaw  

"San Francisco, Los Angeles, Seattle and New York State have all taken steps to establish a $15 an hour minimum wage. However, a $15 minimum wage will do far less to raise people out of poverty than the Earned Income Tax Credit (EITC) does currently. That is because the EITC efficiently targets those in poverty and does not distort the labor market." (08/10/15)

http://tinyurl.com/p5zpqug  

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Taxing the poor is counterproductive; Rand Paul’s plan fixes that

August 6, 2015
posted by

Citizen of Laconia
by Bill Walker  

"Every Progressive recipe for helping the poor starts with 'first, raise taxes on working people. Then ...' There is a logical fallacy here. As John Cleese's Robin Hood says about the poor in Time Bandits: 'Oh you must meet them. I'm sure you'll like them. Of course they haven't got two pennies to rub together but that's because they're poor.' Maybe the poor might do better if we didn’t take their money in the first place." (08/02/15)

http://tinyurl.com/njk2pau  

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California’s pillage people lead the nation in tax collector harassment

August 6, 2015
posted by

Independent Institute Independent Institute
by K Lloyd Billingsley  

"California is making a strong case that its pillage people -- tax collectors, that is -- are the worst in the nation. Should that be doubted, consider the Golden State’s enduring campaign against inventor Gilbert Hyatt, who in 1990 was awarded the patent for the first single-chip microprocessor. The computer industry welcomed this invention, earning Hyatt a lot of money. He soon moved to Nevada, which has no state income tax. California's Franchise Tax Board (FTB) claimed Hyatt lied about his residency, and that he owed $7.4 million in taxes for a six-month period from 1991 to 1992." (08/04/15)

http://www.independent.org/newsroom/article.asp?id=7470  

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Why do libertarians pay taxes?

July 30, 2015
posted by

Laurence M. Vance LewRockwell.com
by Laurence M Vance  

"It never fails. Every time I write anything about taxes I get long, rambling e-mails from tax trolls who scour the Internet looking for articles about taxes so they can contact the writers and impress them with their knowledge of the tax code. These tax trolls usually call themselves 'non-taxpayers.' They say things like: paying taxes is voluntary, the Sixteenth Amendment was not properly ratified, most Americans aren't required to pay income tax, many Americans have gotten refunds of all the money withheld from their paychecks, and the income tax is a classical liberal tax on federal employments, offices, and privileges. Sometimes they boast that they haven't paid taxes for 10, 15, or 20 years and the IRS hasn't done anything about it. Let's review the libertarian view of taxes." (07/29/15)

http://tinyurl.com/p6xdbxa  

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The Rand Paul tax plan

July 26, 2015
posted by

National Center for Policy Analysis National Center for Policy Analysis
by Jacob Kohlhepp  

"Senator Rand Paul's (R-KY) comprehensive tax reform titled, 'fair and flat,' is an improvement in comparison to the status quo with respect to investment, simplicity and growth. The plan is expected to boost GDP growth by slightly less than one percent per year, according to research associate Jacob Kohlhepp at the National Center for Policy Analysis." (07/24/15)

http://www.ncpa.org/sub/dpd/index.php?Article_ID=25887  

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Income tax solutions?

July 14, 2015
posted by

The Price of Liberty
by Nathan Barton  

"It seems to me that the best way to address the Federal income tax is to (A) reduce the power (and therefore the spending) of the FedGov, ESPECIALLY transfers to state and local and foreign governments but eventually everything else; (B) repeal the Constitutional Amendment which 'allows' the income tax, just as was done with the Prohibition amendment; (C) reduce/eliminate as much of the FedGov as we can, even if it is only a dozen employees at a time; and (D) REFUSE to pay whenever possible." (07/14/15)

http://www.thepriceofliberty.org/?p=7451  

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The people supreme

July 12, 2015
posted by

Paul Jacob Common Sense
by Paul Jacob  

"'We're the only state in the nation,' wails Wade Buchanan of the liberal Bell Policy Center, 'where you can only raise revenues, taxes, by a vote of the people.' Buchanan is talking about his state of Colorado and defending his side in the Kerr v. Hickenlooper case, which features 34 card-carrying members of Colorado's political elite -- sitting legislators, former legislators, former U.S. congressmen, local politicians and other assorted bigwigs -- suing the voters of Colorado for having the gall to pass the state's Taxpayer Bill of Rights (TABOR) initiative back in 1992." (07/10/15)

http://thisiscommonsense.com/2015/07/10/the-people-supreme/  

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Honduran taxes prey on the least among us

July 8, 2015
posted by

The Canal The Canal
by Jorge Colindres  

"Over 70 percent of the Honduran workforce operate in the informal sector, according to the World Trade Organization. As the Peruvian lawyer Enrique Ghersi explains, informality is a survival strategy among the poor, who can't afford to comply with regulations, making this one the only reasonable alternative. Honduran policymakers seem hellbent on forcing formalization of the workforce and enacting economic apartheid on those who resist." (07/06/15)

http://tinyurl.com/nd97544  

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Chaffetz will hobble Internet commerce with sales tax bill

June 25, 2015
posted by

Ron Paul Salt Lake Tribune
by Ron Paul  

"It is undeniable the Internet is the greatest technological advancement of our time. The Internet has brought information, education, prosperity and wealth to billions of people across the world. This is partly due to the Internet remaining one of the few areas of the economy the government hasn't yet stifled with high taxes and overregulation. Yet some in Congress want to change this. Some politicians, angry that Americans dare to freely exchange goods and services across borders without giving the government its cut, want to halt all this innovation with new taxes and regulations. One of the worst offenders of all is Rep. Jason Chaffetz of Utah's 3rd District." [h/t -- Campaign For Liberty] (06/24/15)

http://tinyurl.com/puh94lk  

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Why we’re not tax evaders …

June 15, 2015
posted by

Jim Babka Downsize DC
by Jim Babka  

"very time we publish an article about ending the Income Tax (or escaping Social Security, etc.) we receive emails, often angry, from well-meaning individuals. They tell us there is no Income Tax, and we should tell people they don't have to pay it. With the creation of Downsize DC, the number of these kinds of messages increased. A decade later, with the creation of the Zero Aggression Project, we noticed the same phenomenon. Initially, we tried to respond to them individually. This is now our all-purpose, quite comprehensive response." [editor's note: An interesting piece, but I consider the title to be needlessly insulting. "Evaders" implies some kind of moral obligation being shirked. "Resisters" would more accurate - TLK] (06/12/15)

https://downsizedc.org/blog/as-for-why-were-not-tax-evaders  

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Pope Francis: Tax collector for the US government

June 15, 2015
posted by

Voice of Liberty
by Jason Peirce  

"Let's wrap our heads around this. The Pope wants to help the U.S. government -- one of the most powerful, violent, and corrupt governments in the history of the world -- collect taxes in the name of 'charity and justice' and 'legality, transparency, and ethical behavior?' Is there anyone in their right mind who believes the U.S. government adequately exhibits any of the aforementioned attributes? And what of the notion that evading taxes 'is stealing from the state and from the poor?'" (06/12/15)

http://tinyurl.com/q5fagd9  

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Germany: Regime thugs raid Deustche Bank offices in pursuit of extortion avoiders

June 10, 2015
posted by

Gulf Times [Qatar]    

"Deutsche Bank said its offices in Frankfurt were searched yesterday as part of an investigation into securities transactions by clients. The shares slumped. Prosecutors in Frankfurt are conducting the raids, Christian Streckert, a spokesman for Deutsche Bank, said by telephone yesterday. Bank employees are not accused of wrongdoing, he said. A spokesman for the prosecutors' office declined to immediately comment. ... Criminal investigators and tax authorities searched bank properties in Frankfurt, London and Paris as well as other parts of Germany, Germany's Bild Zeitung reported, without saying how it obtained the information. The searches are part of a probe into a tax lawyer from Hesse and others suspected of being involved in tax evasion and fraud." (06/09/15)

http://tinyurl.com/pebjuqy  

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$15,000 you pay in taxes, but cannot see

June 4, 2015
posted by

Downsize DC Downsize DC
by James Wilson  

"Based on a national average, almost 30% of your income and productivity is stolen. This harms you. This hurts your industry. Worse, you can't see most of these taxes, because they're hidden. And ... These taxes are unconstitutionally levied by unelected bureaucrats." (06/04/15)

https://downsizedc.org/blog/15000-you-pay-in-taxes-but-cannot-see  

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So Britain has solved climate change then

June 4, 2015
posted by

Tim Worstall Adam Smith Institute
by Tim Worstall  

"As regular readers will know we're pretty simple in our approach to climate change around here. If it's happening, we're causing it, then the thing to do about it is a carbon tax. That lovely Pigouvian Tax on externalities, just as Mssrs. Stern, Nordhaus and Tol tell us is the solution. And, for the sake of argument, while we think it's too high, we're willing to at least consider Stern's rate of $80 per tonne CO2-e." (06/03/15)

http://tinyurl.com/oqftda9  

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Rating the GOP contenders on taxes

June 3, 2015
posted by

Michael D. Tanner Cato Institute
by Michael D Tanner  

"'God,' the late columnist Robert Novak used to say, 'put the Republican party on earth to cut taxes.' If so, there is unlikely to be any theological crisis for Republicans anytime soon. All the GOP's major 2016 candidates are expected to propose some reduction in taxes. But with tax cuts, perhaps even more than with other issues, the devil is in the details. What taxes do they proposed to cut and by how much?" (06/03/15)

http://tinyurl.com/ora697b  

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Kant on justified taxation

May 29, 2015
posted by

Libertarianism.org Libertarianism.org
by Chris W Surprenant  

"While Kant argues that coercive action is justified only as a means to hinder a hindrance to freedom (whether performed by the state or any other entity), he also claims that the state may tax citizens to support the poor. But isn't taxation to support the poor just a form of illegitimate coercion? Kant doesn't think so. His argument rests on his (perhaps flawed) position concerning ownership of land, the relationship between land and other external things that can become private property, and the role of the state in promoting individual freedom." (05/27/15)

http://www.libertarianism.org/columns/kant-justified-taxation  

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Against the idea of a 100% inheritance tax

May 21, 2015
posted by

Tim Worstall Adam Smith Institute
by Tim Worstall  

"There are arguments in favour of a 100% inheritance tax. For example, we could look to John Rawls and the argument from behind the veil of ignorance. If we didn't know where we would arrive in that lucky sperm club lottery wouldn't we prefer a society in which starting points were equal? So, tax inheritances at 100% and then distribute that wealth as a starting grant perhaps. However, the idea does seem to fail on two points." (05/21/15)

http://tinyurl.com/mgwyxta  

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Report: Islamic State rakes in $1 million per day in extortion

May 20, 2015
posted by

Times of India [India]    

"The Islamic State rakes in over $1 million per day in extortion and taxation [sic -- redundant!] and the dreaded terror group has enough assets to cover its expenses despite falling oil prices, according to a media report. The group minimizes costs by looting military equipment, appropriating land and infrastructure and paying relatively low salaries, a report in the New York Times said citing analysts at the RAND Corporation, a nonprofit organization that researches public policy." [editor's note: For the sake of comparison, the US regime takes in about 10,000 times as much -- $10.x billion -- per day, part of it directly extorted, part of it borrowed against promises of future extortion - TLK] (05/20/15)

http://tinyurl.com/mjb353f  

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A consumption tax is a wealth tax

May 20, 2015
posted by

Scott Sumner EconLog
by Scott Sumner  

"When I advocate a (progressive) consumption tax to replace our current income tax system, some commenters reply that wealth provides benefits beyond consumption, such as peace of mind and security. I think that's true, but to me it seems to be an argument for making the consumption tax progressive, not switching to a tax on capital income or wealth." (05/19/15)

http://econlog.econlib.org/archives/2015/05/a_consumption_t.html  

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Free Thoughts Podcast, 05/18/15

May 18, 2015
posted by

Libertarianism.org Libertarianism.org
by  

"Grover Norquist joins us to tell us about his Taxpayer Protection Pledge and his plan to eliminate the IRS as we know it." [Flash video or MP3] (05/18/15)

http://www.libertarianism.org/media/free-thoughts/end-irs-it-ends-us  

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Finance without taxation possible

May 4, 2015
posted by

Kent McManigal Clovis News Journal
by Kent McManigal  

"I am amazed when otherwise intelligent people believe they couldn't find a way to provide necessary infrastructure and services without committing taxation against their neighbors. It makes me wonder how many abolitionists were accused of hating farms and cotton by those who couldn't imagine how fields could be worked in the absence of slaves." (04/30/15)

http://tinyurl.com/l6orhuh  

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Junk-food tax will feed Puerto Rico’s black market

April 29, 2015
posted by

Frank Worley-Lopez The Canal
by Frank Worley-Lopez  

"Drug dealers and criminal organizations in Puerto Rico will soon have a whole host of new products to sell: junk food. In an ongoing attempt to avoid fiscal reality and skirt spending cuts, the administration of Governor Alejandro Garcia Padilla is quietly trying to pass a new tax on food it deems 'bad for you.'" (04/28/15)
"

http://tinyurl.com/lr6rkkl  

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