Pages

Tuesday, October 23, 2012

Taxes

News                                                                                                                             
CNBC | End to Payroll Tax Holiday May Weigh on Economy
A tax break that’s added about $19 a week to many paychecks for the last two years looks like it’s going away in January. While most taxpayers may not notice the difference, it’s a good bet the economy will.

Econ Comments & Analysis                                                                                            
WSJ | The Obama Storm Tax
Behold the Obama Administration's new public works plan. Sue cities for polluting waterways and then as part of a settlement require them to spend, er, "invest" billions in extraneous sewer improvements. The White House doesn't even need legislation to pour this money down the drain.

Blogs                                                                                                                             
AEI | Yes, low capital gains taxes help growth. And this chart shows why
Again we see a remarkably strong association between the capital gains tax and Venture Capital Investments. Following tax cuts in the late 1970s Venture Capital fund-raising explodes. The tax increase a decade later is followed by a decline in committed fund. Investments again increased when Clinton cuts the capital gains tax in the late 1990s.