Just before Christmas I received the following from Joe Fullmer , and submit it to readers for their consideration: “I am a lay economist — I have no formal training, but I read much, and annoy my friends and associates. So, my comments aren’t those of a trained professional economist. “This morning, in FEE’s daily In-Brief email, I am informed
Senators Max Baucus (D-Mont.) and Charles Grassley (R-Iowa), incoming and outgoing Chairs of the Senate Finance Committee, yesterday introduced The Individual Alternative Minimum Tax Repeal Act of 2007 : Press Release Text of Bill Floor Statement of Sen. Baucus I hope this results of a real repeal of a tax and not another “soak the rich” scam.
Well, this is interesting. The IRS here says that: “If you steal property, you must report its fair market value in your income in the year you steal it unless in the same year, you return it to its rightful owner.” (See page 90 under “”Stolen Property.” I wonder what implications this has for the tax returns of, for example, Members of Congress.
In Washington, words such as “cost,” “tax,” “subsidy,” “spending,” and other fiscal terms have no fixed meaning. For example, it is considered costly to cut taxes, and a subsidy to provide a tax break. This morning, we read that Bush wants to provide a tax break to low income people who buy private coverage, while taxing people “for some workers
I attended a “Tax Day rally” today (Tuesday the 17th) here in Pensacola, Florida, sponsored by the local FairTax people. What was I, one who has written against the FairTax here , here , here , here , and here , doing at a FairTax rally? I received an e-mail from the “Community Coordinator for Americans for Fair Taxation” here in Pensacola. The
For years, domestic sugar producers have benefited from import quotas that limit competition from foreign suppliers of sugar. As with all protectionism beneficiaries, they roll out all manner of bogus arguments to defend it (aptly characterized by William Graham Sumner’s description that “A wants protection; that is, he wants B’s money. A talks
A month after declaring travel on the stretch of New York State Thruway that crosses its land an “ongoing act of trespass,” the Seneca Indian Nation said Thursday it will charge the state a $1 toll for each vehicle traveling the highway. The action is the latest in a series by Seneca leaders angry at Gov. Eliot Spitzer’s plans to collect an
Actually, the headline reads: “Wal-Mart, Unions Unite on Health Care.” For years Wal-Mart has been falsely accused of shifting the cost of health care for its employees to taxpayers because the company’s high premiums and deductibles keep many Wal-Mart employees from participating in the company health plan—as if Wal-Mart is to blame for the
Living near the home of a major state university, national collegiate rankings are a real source of pride. There are the typical sports rankings that make the headlines; those for football and basketball in particular. But lately, The Columbus Dispatch has reported and editorialized on a new ranking; research and development expenditures at U.S.
From The Boston Channel : Feds To Court: Seize Tax Evader’s Property Jury Says Couple Must Forfeit Property “Federal prosecutors are asking a court to seize the property of two convicted tax evaders. Prosecutors filed papers last week to begin taking the property. A jury last month told Elaine and Ed Brown they must forfeit at least $215,000 in
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.