As Madame Pelosi cools her heels on the tarmac—thank you President Trump—she might ponder why Americans are fed up with her duplicitous stand on the WALL. Because behind her smirk and her walled family compound, is anyone really home? You would think she’s working for the Russians. Maybe she and AOC should get a boots-on-the-ground […]
When the Wealthy Flee, Who Pays for Government?
It is important to analyze your political situation. Is your state taxing you unfairly? Is there an alternative? I wrote this piece on October 8, 2018 to encourage Americans to think about what happens when wealthy taxpayers flee punitive taxation. Who will pay for a state’s government when there’s no one left with any money? […]
Philly’s Sugar Daddy Saves the Poor from Themselves
In West Philly, owner Jeff Brown is closing his ShopRite store, citing a loss of about 25% of its business over the last two years because of the tax on soda and sweetened drinks, reports the WSJ’s Notable & Quotable. Philly Mayor Jim Kenney evidently remains committed to the beverage tax. From the website of Philadelphia’s WHYY, […]
Maximize Your Retirement by Leaving Income Taxes Behind
If you have a solid retirement portfolio, chances are you are paying federal taxes on the income it generates. If you’re unlucky enough to live in a state with its own income taxes, you could be paying even more. There is one foolproof way to get more from your retirement revenue streams, and that is […]
Here’s Why Cities Lose by Subsidizing Companies like Amazon
Chris Edwards, the director of tax policy studies at the Cato Institute, explains that while there will undoubtedly be certain winners in the cities that Amazon decided to open its new headquarters in, there will surely be losers as well. Edwards suggests that “Rather than subsidizing big businesses, the states should aim to create a diverse […]
Florida Votes a Supermajority Needed to Raise Taxes
Citizens of Florida and North Carolina did the intelligent thing and took back some control over politicians’ ability to take their money away. North Carolinians capped the state’s income tax rate at 7%, and Floridians voted to require a supermajority to increase taxes or fees in the state. Both actions will help make government more […]
Top Tax Congressman Says He’ll Work with Trump for 10% Middle-Class Cut
Congressman Kevin Brady, the Chairman of the House Ways and Means Committee, agreed to work with President Trump on a proposed 10% tax cut for the Middle Class. Reuters reports: Representative Kevin Brady, who chairs the tax-writing House Ways and Means Committee, said the plan would be crafted in “coming weeks” and would advance in […]
Tax “Cuts” will Fuel the Florida Migration
During his tenure, Florida Governor Rick Scott has improved on what was already America’s favorite destination for retirees. President Trump’s tax reform made Florida even more attractive for retirees living in the high-tax states of New England. If Floridians elect Scott to the Senate, they will give him the opportunity to continue to protect their […]
Report Cards Are In: Grading Your Governor
You want to read Cato’s 14th biennial Fiscal Report Card on America’s Governors, produced by Chris Edwards—director of tax policy studies and editor of www.downsizingGovernment.org. There’s no hiding from the teacher in the school of fiscal responsibility. The report grades 43 governors, excluding governors of Alabama, Iowa, Kansas, Missouri, New Jersey, and Virginia because of […]
Is Your State a Tax Hell?
Are you moving in retirement? If so, look back at this piece I wrote on January 22 of 2016. Don’t move to one of America’s “Tax Hells.” Is your state a tax hell? Some states pile on the tax burden, adding double digit percentage demands on top of their residents’ federal tax loads. New York, […]
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