Category Archives: Taxes

Closer than we think to a balanced budget

Kevin Williamson argues in a column at National Review Online that the federal government is closer to a balanced budget than one might think. At the moment, our national fiscal situation is considerably less bad than it was during the Obama-Pelosi-Reid era of one-party Democratic rule; the 2010 and 2011 federal deficits were 8.7 andContinue Reading

Putting Magna Carta in context

Americans devoted significant attention this summer to the 800th anniversary of Magna Carta, including a well-attended John Locke Foundation panel discussion. Most of the discussion surrounding the anniversary focused on the document’s ongoing significance. University of East Anglia history professor Stephen Church’s latest book helps put the 1215 “Great Charter” in context. Church tells theContinue Reading

Piketty-aligned Berkeley prof targets tax havens

The latest issue of Bloomberg Businessweek discusses a new book aimed at the Thomas Piketty crowd, Gabriel Zucman’s The Hidden Wealth of Nations. With his book, “The Hidden Wealth of Nations,” Zucman is positioning himself as this year’s Piketty, whose opus renewed a debate about inequality last year. Both titles play off economics classics —Continue Reading

Higher taxes, less charity

Rudy Takala writes for the Washington Examiner about a new study probing the links between tax rates and charitable giving. Looking at data from 1997 to 2012, researchers at the American Legislative Exchange Council found that taxpayers who give more to the government keep more of their money overall than their less-heavily taxed counterparts inContinue Reading

Kudlow would like to hear money talk from GOP candidates

Lawrence Kudlow details in a column posted at Human Events his disappointment that neither Republican presidential debate has devoted much time to issues involving money. … [I]t would have been a good thing if any of the candidates talked about our money. A strong and steady dollar — the world’s unit of account (in theory)Continue Reading

Questioning Trump’s take on hedge funds

Kevin Williamson of National Review Online explores Republican presidential candidate Donald Trump’s promise to go after those who’ve made big money through hedge funds. Donald Trump has promised that he will ease burdens on the middle class by going after “the hedge-fund guys,” who, he believes, do not pay enough in taxes. “They’re making aContinue Reading

Keeping the Cadillac tax … for now

James Capretta explains in a National Review Online column why he doesn’t want to see the Obamacare Cadillac tax killed … at least not yet. Some Republicans are eyeing repeal of Obamacare’s “Cadillac tax” as part of a larger plan to roll back some of the law’s most unpopular and unworkable provisions. It is certainlyContinue Reading

NC’s Corporate tax could be lowest east of the Mississippi

In this year’s budget, the corporate income tax was lowered from 5 percent to 4 percent, but legislators made a key change to the calculation of the tax. Historically, North Carolina calculated its corporate income tax on a mix of property, payroll, and sales variables. Now the state will implement a single sales factor, whichContinue Reading