by Henry Oliner | May 7, 2023 | Taxes
From FEE, Myths of the New Deal: In 1929, the income tax only affected the top 2 percent of earners; they paid almost $1.1 billion in income taxes that year. Excise taxes, which were mainly imposed on tobacco, were less than half that, or $539 million. In other words,...
by Henry Oliner | May 7, 2023 | Taxes
From National Review, Charlie Cooke’s The Democrats Have a Tax Problem: As any economist will tell you, the dirty little secret of taxing-and-spending is that the real money lies in the middle. In England, the 40 percent income-tax rate kicks in at £50,271...
by Henry Oliner | May 24, 2021 | Economy, Taxes
I had a letter in the weekend WSJ responding to Rahm Emanuel’s article earlier in the week: Not Every Quintile Pays its Fair Share Rahm Emanuel is correct when he claims the Republicans have lost credibility on taxes (“Why the GOP has Gone Quiet Over Tax Hikes,”...
by Henry Oliner | Sep 5, 2020 | Economics, Taxes
The Great Tax Wars by Steven Weisman (2002) is a history of the establishment of the income tax in America. It is very well written, very readable and an excellent component of the development of the progressive political movement. We take the income tax for granted,...
by Henry Oliner | Oct 30, 2019 | Economics, Politics, Progressivism, Taxes
From Kevin Williamson at National Review, Elizabeth Warren’s Financial Berlin Wall: The cynical among us might also suspect that the proposal, which will produce a great deal of angst and wailing, is intended to produce a great deal of angst and wailing, which will...
by Henry Oliner | Oct 25, 2019 | Economics, Taxes
From Kevin Williamson at National Review, Elizabeth Warren’s Financial Berlin Wall: Walls have ideological purposes. The infamous one in Berlin was, officially, the Antifaschistischer Schutzwall, the “anti-fascist protection wall.” Senator Warren’s wall is, in theory,...
