All Posts Tagged With: "income tax"
They Take More than Half
Daniel Klein teaches economics at Santa Clara University. Allan Raish is a tax consultant and CPA living in Santa Clara, California. *Rates are incremental and apply to taxable income (income after deductions and exemptions). **California taxes may be deductible on next year’s federal tax calculation. If a college teacher living in California who earns $75,000 [...]
1Feb2003 | Daniel B. Klein | 0 comments | ContinuedMyths of the New Deal
A persistent myth in American history is that Franklin Roosevelt and the New Deal created jobs during the Great Depression and helped the poor “forgotten man” who was thrown out of work. Almost every American history text echoes this myth in its pages. Irwin Unger, for example, who won a Pulitzer Prize for a book [...]
1Aug2002 | Burton W. Folsom Jr. | 3 comments | ContinuedIf Americans Really Understood the Income Tax: Uncovering Our Most Expensive Ignorance
At first glance, John O. Fox’s book on the income tax, which has a dust jacket featuring the U.S. Capitol and a magnifying glass focusing on a 1040 form, promised to be a hard-hitting critique. I was eager to read what I hoped would be an insightful and penetrating analysis of taxation by a tax [...]
1Jul2002 | Murray Sabrin | 0 comments | ContinuedPolitics and Prohibition
Writing in the December 2001 Atlantic Monthly, Judge Richard Posner called for an end to the “war on drugs.” He is among a small but growing number of eminent scholars and officials who openly advocate that the state get out of the drug-prohibition business. Milton Friedman and William F. Buckley Jr. have long pressed for [...]
1Mar2002 | Donald J. Boudreaux | 1 comment | ContinuedBook Reviews – 2002/2
Voodoo Science by Robert Park Oxford University Press — 2000 — 230 pages — $25.00 Reviewed by Patrick J. Michaels I really wanted to like Robert Park’s Voodoo Science: The Road from Foolishness to Fraud a lot more than I did. It’s a pretty good book about how bad science manages to prosper and replicate, [...]
1Feb2002 | FEE Admin | 1 comment | ContinuedWho Should Vote?
Status as an adult citizen in a political jurisdiction is seen as a sufficient condition to entitle one to vote for a representative or participate in collective decision-making. Why not apply that same criterion and entitle adult citizens to voting rights to decide the composition of corporate boards of directors and other corporate matters? If [...]
1Jan2002 | Walter E. Williams | 0 comments | ContinuedHow War Amplified Federal Power in the Twentieth Century
This article is reprinted from the July 1999 issue of The Freeman: Ideas on Liberty. After surveying the Western world in the past six centuries, Bruce Porter concluded: “a government at war is a juggernaut of centralization determined to crush any internal opposition that impedes the mobilization of militarily vital resources. This centralizing tendency of [...]
1Dec2001 | Robert Higgs | 0 comments | ContinuedAnother Alcoa Executive at Treasury
When President-elect George W. Bush chose Paul H. O’Neill, chairman of the world’s largest aluminum manufacturer, to be his secretary of the treasury, Bush said, “it’s important for me to find somebody who has vast experience, who has a steady hand, and when he speaks, speaks with authority and conviction and knowledge.” If O’Neill turns out to be half as good as the other Alcoa executive who once occupied the same cabinet post, he’ll do the country great service.
1Jun2001 | Lawrence W. Reed | 0 comments | ContinuedThe Clinton Regulatory Miasma
It has been a sad spectacle: President Bill Clinton, desperate to salvage his scandal-laced legacy, crisscrossing the nation proposing new spending programs and regulatory initiatives with wild abandon. He seems determined to jettison perhaps his one good bequest to the nation: a less loony left-wing Democratic Party.
1Nov2000 | Doug Bandow | 0 comments | ContinuedExperiment in Liberty by William Moore Gray III
Sunflower University Press • 1998 • 388 pages • $34.95 Experiment in Liberty is an experiment by a certified public accountant in writing a history of the United States. It is sometimes a flawed experiment and often idiosyncratic in organization; but this book is nonetheless more reliable than most texts now being used in high-school [...]
1Feb2000 | Burton W. Folsom Jr. | 0 comments | ContinuedHow War Amplified Federal Power in the Twentieth Century
After surveying the Western world in the past six centuries, Bruce Porter concluded: “a government at war is a juggernaut of centralization determined to crush any internal opposition that impedes the mobilization of militarily vital resources. This centralizing tendency of war has made the rise of the state throughout much of history a disaster for [...]
1Jul1999 | Robert Higgs | 1 comment | ContinuedThe Permanent War
This is excerpted from the first chapter of his book Your Money or Your Life: Why We Must Abolish the Income Tax (The Future of Freedom Foundation). Some years ago Stanley McGill, 93, mailed a check for $7,000 to the Internal Revenue Service. When he died, his daughter discovered that Mr. McGill had made a [...]
1Jun1999 | Sheldon Richman | 4 comments | ContinuedWithholding the Taxpayer Hostage
How often have you heard people say with pleasure, “I got a tax refund this year!”? Americans have grown so immune to income-tax withholding that many people regard IRS refunds as gifts. Misperceptions about withholding are widespread. In fact, withholding is a regressive, costly, and furtive system for collecting taxes. Fifty-six years ago Congress approved [...]
1Apr1999 | Donald J. Boudreaux | 1 comment | ContinuedThe Savings Crisis
John Hood is president of the John Locke Foundation, a non-profit think tank based in Raleigh, North Carolina, and the author of The Heroic Enterprise: Business and the Common Good (The Free Press). It’s a constant refrain among politicians and the news media: America has a low savings rate. This, it is said, has dire [...]
1Mar1999 | John Hood | 0 comments | ContinuedTake the Rich Off Welfare by Mark Zepezauer and Arthur Naiman
Odonian Press • 1996 • 191 pages • $9.00 Aaron Steelman is staff writer at the Cato Institute. Corporate welfare has become a favorite target of political activists across the ideological spectrum. Free-market groups such as the Competitive Enterprise Institute, Citizens for a Sound Economy, and Americans for Tax Reform have joined forces with Public [...]
1Feb1998 | Aaron Steelman | 0 comments | ContinuedThe USA Tax: A Progressive Consumption Tax by Laurence S. Seidman
MIT Press • 1997 • 160 pages • $20.00 Hot dogs, baseball, apple pie, and the USA Tax: What is the relationship among these pieces of Americana? The fourth-listed one imposes a tax on the other three. USA stands for Unlimited Savings Allowance. Taxes are to be imposed only on consumption, as set out in [...]
1Dec1997 | Roger W. Garrison | 2 comments | ContinuedGuardians of the Constitution or Watching Out for Their Own?
Mr. Pilla is a tax litigation consultant and author of nine books on successful methods of dealing with and preventing IRS abuse. By the very terms of the Constitution, all judicial officers, as well as others in government service, “shall be bound by Oath or Affirmation” to support the Constitution. Article VI also sets forth [...]
1Sep1997 | Daniel J. Pilla | 2 comments | Continued-
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