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Even the IRS Admits that the Tax Code Is Very Biased against Successful Taxpayers

When I debate class warfare issues, here’s something that happens with depressing regularity. I’ll cite research from a group like the Tax Foundation on how an overwhelming share of the income tax is borne by upper-income taxpayers. The statist I’m arguing with will then scoff and say the Tax Foundation is biased, thus implying that […]

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Which States Are Most Drunk on Beer Taxes?

Two years ago, I shared a map looking at how heavily wine was taxed in different states. What is showed was that you shouldn’t sip your Chardonnay or guzzle your Merlot in Kentucky. Unless, of course, you wanted to give politicians a lot more money to spend (or you slip across the border like Michael […]

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Fiscal Fights with Friends, Part II: Grading AEI’s Big-Picture Tax and Budget Reform

The American Enterprise Institute has published a comprehensive budgetary plan entitled, “Tax and spending reform for fiscal stability and economic growth.” Authored by Joseph Antos, Andrew G. Biggs, Alex Brill, and Alan D. Viard, all of whom I know and admire, this new document outlines a series of reforms designed to restrain the growth of […]

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Fiscal Fights with Friends, Part I: Responding to Reihan Salam’s Argument against the Flat Tax

In my ultimate fantasy world, Washington wouldn’t need any sort of broad-based tax because we succeeded in shrinking the federal government back to the very limited size and scope envisioned by our Founding Fathers. In my more realistic fantasy world, we might not be able to restore constitutional limits on Washington, but at least we […]

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Great News from Michigan as Voters Reject Political Elite’s Tax-Hike Scheme

I’ve openly stated that there are tax-hiking budget deals that theoretically would be attractive. But notice that “theoretically” is part of that sentence. That’s because in the real world, tax hikes have a poisonous effect on fiscal policy. Instead of being the lubricant that produces concessions from the big-government crowd, the prospect of additional revenue […]

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IMF Proposes to Sabotage China’s Economy

For the people of China, there’s good news and bad news. The good news, as illustrated by the chart, is that economic freedom has increased dramatically since 1980. This liberalization has lifted hundreds of millions from abject poverty. The bad news is that China still has a long way to go if it wants to […]

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