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Tax Policy

Posted on in Economics/Politics

Just in Time for the Holidays, Reckless States Are Coming for Your Online Purchases

If there is anything that gets demagogic politicians and pundits riled up, it’s the closing of tax loopholes, and the tax-hike demagogues might just be getting one of their wishes come December. Bloomberg reports that most online consumers will pay sales taxes in some shape or form in the next few months. Currently, consumers pay taxes on goods purchased straight from Amazon, but they can avoid paying taxes on goods if they purchase them through Amazon’s third-party merchants. By the start of December this could all change, as several merchants are expected to start collecting taxes in return for partial… Keep Reading

Posted on in Economics/Politics

The Tax Increase In Reform’s Clothing

In a 2011 piece for the New York Times, leftist billionaire Warren Buffett claimed that investment managers are getting “extraordinary tax breaks,” due to the classification of income from managing others’ money as “capital gains.” “Some of us are investment managers who earn billions from our daily labors but are allowed to classify our income as ‘carried interest,’ thereby getting a bargain 15 percent tax rate,” Buffett said, always portaying himself as the patriotic rich man willing to pay his “fair share” of taxes. Under the current tax code, capital gains are taxed at 15 percent, rather than the top tax rate… Keep Reading

Posted on in News

The Bromance Between Donald Trump And Rand Paul Heats Up During Golf Summit

The bromance between President Donald Trump and Sen. Rand Paul (R-KY) is heating up. After Trump signed what Paul called “the biggest free-market reform of health care in a generation,” the men met on the golf course this morning to discuss a variety of major political issues over 18 holes. Paul said that the men discussed several things during the golf summit, and went into specifics regarding tax and healthcare policy. “I really think that we’ve gotta do the most we can and the boldest we can because we need to compete with all these other countries,” Paul said regarding… Keep Reading

Posted on in News

Paul, Lee Spill The Beans About GOP Tax Reform: It’s All Controlled By The Swamp!

If you are waiting with baited breath thinking that the GOP legislature is going to deliver substantial tax reform in the near future, think again. Sens. Rand Paul (R-KY) and Mike Lee (R-UT) are warning that the swamp creatures of the GOP establishment are working aggressively under the cloak of darkness to sabotage any possible chance of lowering the tax burdens of ordinary Americans. Paul and Lee see the same type of shenanigans happening right now that doomed tax reform and other common sense measures in the past. They are growing increasingly pessimistic that anything can be achieved given the… Keep Reading

Posted on in News

Liberal Norwegians Refuse Voluntary Tax Hike, but Demand Higher Taxes for Everyone

The center-right government of Norway has constructed a policy that has really showcases the folly and hypocrisy of leftist thinking. By creating a voluntary tax scheme allowing virtuous liberals to pay more, they put leftist rhetoric to the test. Would these supposedly compassionate liberals put their money where their mouths are, or would they demonstrate their lack of generosity? “The tax scheme was set up to allow those who want to pay more taxes to do so in a simple and straightforward way,” Finance Minister Siv Jensen said in a comment emailed to Bloomberg reporters. “If anyone thinks the tax… Keep Reading

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