Feed on

Daily Archive for February 10th, 2010

Parable for the Macroeconomy

There once was a family that sat down to do its taxes. The family usually overwitholds a small amount each year – not enough to make it a real economic cost, but enough so that it is unlikely they will have to make tax payments at tax time each year. In 2010, when they were […]

Read Full Post »

Capital Gains Taxes, Redux

Last week Professor Landsburg discussed why it makes sense to eliminate taxes on capital gains. The reason is that any tax on capital is, in fact, a disguised tax on labor. The “problem” is that it (capital gains taxes) end up taxing labor differently in different time periods. I suspect that is a feature not […]

Read Full Post »