Posts | TAX POLITIX

TAX POLITIX

The Politics of Taxes

Medicare Mess

Medicare is completely unsustainable in its present form and the Democrats are not doing anything to fix it. There needs to be a major change to the way it works but the Democrats are unwilling to acknowledge this fact or provide any solutions - only attacks. In doing so, the Democrats are saying they don't care if they destroy Medicare; they want to keep the way it is – which will surely hasten the demise of the program within ten years.

Do Higher Taxes Encourage Tax Avoidance?

ARTICLES, ECONOMY, TAXES

The latest tax article from my interviews with Reuters Nothing riles Americans quite like taxes: who pays what, whether the government needs to raise them or might slash them, and how much they’re eating away at our paychecks. And when it comes to tax avoidance — the legal means of minimizing one’s tax burden — a growing chorus of critics say high tax rates are to blame, and an overly complex tax code isn’t helping. The emerging point of view: The higher tax rates get, the more people will try...

Americans Try to Outrun State, Local Tax Hikes

ARTICLES, ECONOMY, GOVERNMENT, TAXES

From my interview with Reuters last week: (Reuters) - Alan Dlugash is a New York accountant who specializes in high net worth Manhattanites, but lately he's been fielding a lot of calls from clients in neighboring states -- Connecticut and New Jersey. "The big deal right now is 'how do I change my residency?'" he said. And the reason is almost always the same: High local taxes. Given the extension of the Bush era federal tax cuts for two years, a cut in Social Security tax this year, and the...

Fight of the Century: Keynes Vs Hayek, Round II

ECONOMY

I've been meaning to post this for a few days now. My good friends in the Economics Department of George Mason University have launched the much awaited sequel to the Fear The Boom and Bust video. If you haven't seen that one, watch it first, then follow with part II, below. Enjoy!