Taxes (page 4)

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    Correcting the record on high marginal tax rates

    Milton Ezrati‘s recent City Journal column on Rep. Alexandria Ocasio-Cortez’s misguided public policy proposals features important information about the history of American tax rates. Ezrati critiques both the freshman congresswoman and economist Paul Krugman. Krugman and AOC play fast and loose when it comes to the country’s prosperity…
    Mitch Kokai, January 21, 2019
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    This weekend on Carolina Journal Radio

    Familiar faces will lead the General Assembly as it starts work again in 2019. Rick Henderson offers a legislative preview for the next edition of Carolina Journal Radio. Donald van der Vaart assesses the political impact of a movement to base investments on environmental, social, and governance…
    Mitch Kokai, January 18, 2019
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    Charitable giving unaffected by tax reform

    Despite dire predictions of steep drops in charitable giving because of federal tax reform, the left-of-center Inside Philanthropy found giving flat or higher in an informal survey of United Ways and other nonprofits. Fewer people may take a tax deduction for their contributions to churches and charitable causes, but…
    Joseph Coletti, January 17, 2019
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    Gridlock is Good for the Economy

    Although legislative gridlock is a top concern of the American public, Investor’s Business Daily argues that gridlock saves the American tax payer a lot of money. Among other things, rates of spending are checked, and other potentially costly programs are held at bay by the lack of consensus. However,…
    Kory Swanson, January 15, 2019
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    A Modest Proposal for Pro-Growth Capital Gains Tax Reform

    It’s double taxation, it’s unfair, and North Carolina should do something about it. From Roy Cordato comes this commentary about much-needed capital gains tax reform. Here’s why: In North Carolina, capital gains are taxed the same as regular, wage income – at a flat rate of 5.25 percent. Under…
    Donna Martinez, January 15, 2019
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    An interesting parallel in tax and immigration debates

    Reihan Salam of National Review Online points out an interesting dimension of the argument for a much higher top marginal tax rate. One story I’ve often heard on the left is that low marginal tax rates don’t just nudge high-income professionals and corporate executives and the like towards…
    Mitch Kokai, January 11, 2019
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    This weekend on Carolina Journal Radio

    North Carolina individuals and businesses will see another income tax cut this year. Individual taxpayers will also see more of their money exempted from the tax man. Becki Gray analyzes these tax changes for the next edition of Carolina Journal Radio. Terry Stoops assesses the significance of…
    Mitch Kokai, January 11, 2019
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    Why 70 percent tax rates won’t work

    Brian Riedl uses a National Review Online column to address U.S. Rep. Alexandria Ocasio-Cortez’s proposal for 70 percent top marginal tax rates. Representative Alexandria Ocasio-Cortez’s call for a 70 percent income-tax rate to finance green-energy initiatives has energized the Left. Yet this is completely destructive proposal. A 70…
    Mitch Kokai, January 9, 2019