Monthly Archives: April 2010

One Unintended Consequence of Raising Taxes

Ben Harris at the Tax Policy Center makes a fascinating point: the Obama budget’s plan to raise the marginal income and capital gains tax rate on top earners (by not extending the 2001/03 tax cuts for them) could have the … Continue reading

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Filed under Economics

VAT Bastards

The Washington Post–or its op-ed page at least–is on a VAT tear, with two columns in as many days. Two! Now, George Will’s is more incendiary than Robert Samuelson’s. But the differences end there. Both are from the right. Both … Continue reading

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Filed under Economics, Politics

Spurious Capital Gains Tax Math in California

Meg Whitman, running for the governor of a state facing a $20 billion budget shortfall over five years, wants to eliminate the state’s tax on capital gains. The very premise is a bit misleading: California, unlike the federal government, has … Continue reading

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Filed under California, Economics