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Friday, May 17, 2013

Taxes

News                                                                                                                             
WSJ | The IRS Scandal Started at the Top
Was the White House involved in the IRS's targeting of conservatives? No investigation needed to answer that one. Of course it was.

Econ Comments & Analysis                                                                                            
Real Clear Markets | The IRS Non-Scandal Calls For a National Sales Tax
As seemingly every sentient being now knows, the Internal Revenue Service (IRS) has apparently been selective when it comes to the entities its agents scrutinize. Tea Party groups in particular (organizations known to be less sympathetic toward the IRS) seem to have generated abnormal amounts of attention from it.
WSJ | This Is No Ordinary Scandal
We are in the midst of the worst Washington scandal since Watergate. The reputation of the Obama White House has, among conservatives, gone from sketchy to sinister, and, among liberals, from unsatisfying to dangerous.
CRS | Overview of the Federal Tax System
The major sources of federal tax revenue are individual income taxes, Social Security and other payroll taxes, corporate income taxes, excise taxes, and estate and gift taxes. This report describes the federal tax structure, provides some statistics on the tax system as a whole, and presents analysis of selected tax concepts.
AEI | How the R&D tax credit is like duct tape
Oh, the wonders of duct tape! Isn’t it a practically ideal solution for solving minor leakages, temporarily? If that's the only thing you do, using duct tape all the time would be utterly justified.
Heritage Foundation | Net Tax Increase in Obama’s Budget Over $1 Trillion
President Obama released his fiscal year 2014 budget almost two months after it was due by law. With all that extra time, the President had plenty of opportunity to clearly account for his tax increases. But like his budgets from previous years, this year’s effort hides the total tax increase he proposes

Blogs                                                                                                                             
CATO | OECD Study Admits Income Taxes Penalize Growth, Acknowledges that Tax Competition Restrains Excessive Government
I’m not a fan of the Paris-based Organization for Economic Cooperation and Development. The international bureaucracy is infamous for using American tax dollars to promote a statist economic agenda. Most recently, it launched a new scheme to raise the tax burden on multinational companies, which is really just a backdoor way of saying that the OECD (and the high-tax nations that it represents) wants higher taxes on workers, consumers, and shareholders. But the OECD’s anti-market agenda goes much deeper.