by Henry Oliner | Oct 22, 2019 | Economics, Taxes
From Kevin Williamson at National Review, Elizabeth Warren’s Financial Berlin Wall: The class-warfare dreams of the American Left do not have a great deal to do with their professed desire to build a Scandinavian-style welfare state here. The U.S. tax system already...
by Henry Oliner | Sep 30, 2019 | Economics, Taxes
from today’s WSJ, Stephen Moore- Trump’s Middle-Class Economic Progress The latest data from the Census Bureau monthly surveys tell a different story. Real median household income—the amount earned by those in the very middle—hit $65,084 (in 2019 dollars) for...
by Henry Oliner | Feb 18, 2019 | Economics, Politics, Progressivism, Taxes
Richard Rubin’s essay in the Wall Street Journal, The Next Tax Revolution (print edition), Democrats Take Aim at the Reagan Revolution (online) is a tidy summary of our history of the income tax. Understanding the income tax and its impact requires distinguishing the...
by Henry Oliner | Jan 23, 2019 | Business, Taxes
Local governments balance property taxes with sales taxes to reach its revenue objectives. Sales taxes are considered regressive since the poor consume a higher proportion of their income and thus pay a high portion of their income on sales taxes. States try to...
by Henry Oliner | Jun 22, 2018 | Business, Economics, Taxes
The Supreme Court just ruled that states can collect sales taxes from internet sales and shipments. Previous sales taxes could only be collected from a business with a physical presence in that state. The 5-4 majority decided this was simply a recognition of the...
by Henry Oliner | Mar 7, 2018 | Economics, Politics, Progressivism, Taxes
from Jonah Goldberg at National Review, A Conspiracy against the People Steel and aluminum producers are a faction. They are aided by a larger faction — i.e., voters who have a greater grasp of their own nostalgia than on economic realities. And they have a...
