Tax Swing

By Thomas Macauley on

“How the Taxman Cleared the Dance Floor”, by Eric Felten (Eric Felten Jazz Orchestra): These are strange days, when we are told both that tax incentives can transform technologies yet higher taxes will not drag down the economy. So which is it? Do taxes change behavior or not? Of course they do, but often in …

Retroactive Entrepeneur Tax

By Thomas Macauley on

From Jeff Bliss via John Batchelor: Entrepreneurs and investors in California can expect to receive a rude shock in the mail if they sold their company in the last four years. Not only did the state’s Franchise Tax Board (FTB) eliminate a tax break on capital gains for small business owners and investors, it announced …

Impossible chart

By Thomas Macauley on

Page 1 today has an unintelligible chart. A bar chart “Effect of major tax provisions on federal revenue as a percentage of GDP in first year after change” The chart makes it impossible to reveal a tax increase reducing revenues and visa versae.

Grumpy economist

By Thomas Macauley on

An excellent post about taxes: FRIDAY, NOVEMBER 30, 2012 Buffett Math Warren Buffett, New York Times on November 25th 2012: Suppose that an investor you admire and trust comes to you with an investment idea. “This is a good one,” he says enthusiastically. “I’m in it, and I think you should be, too.” Would your reply possibly …

Stimulus by Tax Cut

By Thomas Macauley on

I am recently persuaded that it is not the corporate tax cuts PER SE that make for successful trickle-down. Permanent corporate/capital tax cuts are the most demonstrable part of pro-growth policies which DO encourage loosening of purse strings which is then helped along by those tax cuts. Obama is not pro-growth and not offering predictability …

Tax explosion

By Thomas Macauley on

I worry that the indifferent President Obama, either Lame Duck or Elect, will let this slide. Already it is treated as a non-issue by the Executive and Senate. The Tax Cliff (Wall Street Journal Aug 23 2012 editorial page)

Cannot happen

By Thomas Macauley on

Wall Street Jounal editorial August 8 2012 “Hats off to the scholars at the Tax Policy Center: Their study manages to claim that what happens in real life can’t happen in theory” http://online.wsj.com/article/SB10000872396390443792604577574910276629448.html

California spends more

By Thomas Macauley on

“California’s state budget spends $30B more than was spent on all state government functions in 2007-08, at the peak of the pre-recession bubble. That’s a 15% increase. Are you spending 15% more than you spend in 2007-08?” http://www.ocregister.com/articles/brown-354899-california-tax.html …and reprinted in part by he WSJ today