Taxation

Abolish the Corporate Income Tax

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The European Commission last month ordered Ireland to collect $14.5 billion in unpaid corporate taxes from the U.S. company Apple. Europe’s competition commissioner, Margrethe Vestager, who has made tax avoidance a central focus, said that “Apple’s illegal deals with the Irish government allowed the technology giant to pay virtually nothing on its European business in some years.” It ... [click for more]

Getting It Backwards on Welfare and Tax Deductions

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Congresswoman Gwen Moore (D-Wis.) is “sick and tired, and sick and tired of being sick and tired, of the criminalization of poverty.” She explains in a recent press release, As a strong advocate for social programs aimed at combating poverty, it deeply offends me that there is such a deep stigma surrounding those who depend on government ... [click for more]

The Clinton-Sanders-Republican Principles of Taxation

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The number of votes they got at the recent Iowa caucuses is not the only way that former senator Hillary Clinton and current senator Bernie Sanders are very close. Both have proposed new government programs throughout their campaigns. And because their new government programs must be paid for, both Clinton and Sanders have put forward new tax plans to ... [click for more]

The Fatal Flaw

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The presidential primary season is in full swing. Current and former Democratic and Republican candidates alike have put forward various tax-reform proposals. Some of their proposals were officially unveiled at a press conference; others were unofficially presented in campaign speeches or during one of the debates. Some rehash old proposals, others recommend something entirely new. But whether Democratic, Republican, ... [click for more]

Abolish the Income Tax and IRS

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For some time now we’ve lived with the scourge of civil asset forfeiture, under which the police can seize a person’s property on the mere suspicion it was used in a crime and without having to charge the owner with an offense. Since the authorities have no burden to prove guilt beyond a reasonable doubt, the burden of proving ... [click for more]

Tax Inversion Freedom vs. Fiscal Berlin Wall

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The Obama Administration has proposed its latest form of collectivist control over the American people. In a letter to Congress U.S. Treasury Secretary, Jack Lew, has called for punishment and prohibition of any company that tries to move its headquarters overseas to avoid higher taxes in the United States. Plus, Mr. Lew has the audacity to call his proposed ... [click for more]

The Implications of Revenue-Neutral Tax Reform

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Tax season is over, but tax-reform proposals are perennial. America’s current income-tax system was inaugurated in 1913 with the adoption of the Sixteenth Amendment. It began quite modestly, with a 1 percent tax on income above $3,000 ($4,000 for married couples). A series of surcharges up to 6 percent were applied to higher incomes, with the maximum rate being 7 ... [click for more]
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