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Tax Complexity Is a Tax on Paying Taxes

What’s the best measure of the tax burden on the U.S. economy? Is it the amount of money that we’re forced to surrender to the knaves in Washington (i.e., the difference between our pre-tax income and post-tax consumption)? Or is it the loss of economic output caused by high tax rates, distorting preferences, and pervasive […]

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The Six Most Important Takeaways from CBO’s New Long-Run Fiscal Forecast

The Congressional Budget Office has just released the 2016 version of its Long-Term Budget Outlook. It’s filled with all sorts of interesting data if you’re a budget wonk (and a bit of sloppy analysis if you’re an economist). If you’re a normal person and don’t want to wade through 118 pages, you’ll be happy to […]

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Switzerland’s Self-Destructive Wealth Tax Should Be Abolished

While Switzerland is one of the world’s most market-oriented nations, ranked #4 by Economic Freedom of the World, it’s not libertarian Nirvana. Government spending, for instance, consumes about one-third of economic output. That may be the second-lowest level among all OECD nations (fast-growing South Korea wins the prize for the smallest public sector relative to […]

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A Remarkably Good and Reasonably Bold Tax Reform Plan from House Republicans

I’ve been advocating for good tax reform for more than two decades, specifically agitating for a simple and fair flat tax. I get excited when politicians make bold proposals, such as many of the plans GOP presidential candidates proposed over the past year or so. But sometimes I wind up feeling deflated when there’s a […]

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Is Defending Tax Competition Akin to “Trading with the Enemy”?

When I was younger, my left-wing friends said conservatives unfairly attacked them for being unpatriotic and anti-American simply because they disagreed on how to deal with the Soviet Union. Now the shoe is on the other foot. Last decade, a Treasury Department official accused me of being disloyal to America because I defended the fiscal […]

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FDR: Worse than Barack Obama, Maybe even Worse than Woodrow Wilson

Who is the worst President in U.S. history? No, regardless of polling data, the answer is not Barack Obama. Or even Jimmy Carter. Those guys are amateurs. At the bottom of the list is probably Woodrow Wilson, who gave us both the income tax and the Federal Reserve. And he was a disgusting racist as […]

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