Taxation
-
October 1, 2016
Beer and Taxes – 10/22/2014
In April this year the US Commerce Department reported that before-tax corporate profits in 2013 totaled $2.1T and that corporate tax revenues totaled $419B. That…
Read more -
October 10, 2016
Boosting Buffett’s Bill (Original 8/31/2011, Updated 10/10/2016)
Originally published 8/31/2011 · republished 2016
Here begins some introduction to the original post, updated now because it looks like higher marginal income tax rates are once again on the federal…
Read more -
April 10, 2019
Creation of a Monster
In the 110 years since the Sixteenth Amendment authorized the personal income tax, we have created an expensive and burdensome monster with tentacles in our…
Read more -
August 6, 2016
Estate Tax Considerations and Maybe a New Idea (12/10/2010)
Originally published 12/10/2010 · republished 2016
It seems to me that if estates are to be taxed, there should be some consideration for the number of heirs involved. A parent should…
Read more -
September 16, 2016
Federal, State, and Cigarette Taxes
In December 2015 The State editor Cindi Ross Scoppe published an editorial boosting the idea of a significant increase in the South Carolina tax on…
Read more -
June 19, 2016
Flat Annual Fee for the Super Rich?
Originally published 12/2/2012 · republished 2016
(Originally published 12/2/2012) We are in serious need of another hurricane threat or sex scandal or other news-dominating event to get the media folks to…
Read more -
July 21, 2016
Married Filing Jointly
The Federal Income Tax was established in 1913 by the 16th Amendment to the Constitution, but it was not until 1930 that the Supreme Court…
Read more -
November 5, 2016
To Profit or Not to Profit
The currently trendy demonization of capitalism and profits and the misperception that “non-profits” are somehow better or more virtuous than for-profit enterprises are unfortunate. Greed…
Read more -
July 1, 2016
Tweaking the Social Security Wage Cap (5/3/2011)
Originally published 5/3/2011 · republished 2016
When I began employment at Eastman Chemical Company in 1965, the Social Security wage cap was $4,800, the rate was 3.625% for employee and employer,…
Read more -
June 19, 2016
Zero Marginal Tax Rate in China?
Originally published 8/17/2011 · republished 2016
(First Published 8/17/2011) I have enjoyed a number of history, theology, Bible, literature, music, and economics courses offered by The Teaching Company over the past…
Read more -
August 6, 2017
Irrational Government Meddling: Stop It!
There are at least five good reasons government should not meddle in the affairs of private free enterprise.
Read more -
July 10, 2016
Sewage, Social Security, and Slush Funds (4/8/2015; Updated 7/10/2016)
Originally published 4/8/2015 · republished 2016
In an ongoing controversy, the City of Columbia, SC, is being sued for misappropriation of water and sewer revenues. The accusation is that diversion of…
Read more -
November 18, 2016
Unhappy? Follow Leonard Pitts’ Recommendations
I seldom agree with Leonard Pitts, but today he has a good suggestion. He is very upset about the election of Donald Trump and lists…
Read more