Tax Lawyer's Blog

It doesn’t take a fission engineer to deduce that more people would be willing to risk jail time to save 60% of their income than would be willing to risk jail time to save 25% of their income. Tim Lister of CNN.Opinion writes in Tax Evasion is a National Pastime in Southern Europe (emphasis added): “Wherever the [...]

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Do you remember last year’s debate about whether or not we should extend the Bush tax cuts? Do you remember how the Democrats and their soak-the-rich friends kept insisting that the expiration of those tax cuts did not amount to a tax increase? On July 25th, 2010 I wrote the following in a post titled Truth & Taxes: Not Extending the Bush [...]

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Harvey Golub of the American Enterprise Institute wrote this response to Warren Buffett’s call for tax hikes on the rich: Governments have an obligation to spend our tax money on programs that work. They fail at this fundamental task. Do we really need dozens of retraining programs with no measure of performance or results? Do [...]

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The left loves to trot out polls that suggest that most Americans want the rich pay more taxes. Their hopes are, of course, that people will conflate these results and conclude that most Americans favor big government over the private sector. Nothing could be further from the truth. Emily Ekins of Cato @ Liberty has published [...]

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I found this great post at Tino Sanandaji’s blog Super-Economy which tells you why President Obama desperately wants to raise taxes and why Republicans are right to stop him: As a response to the economic crises and based on ideological conviction, President Obama decided to expand federal non-defense spending more than any President in recent history. This [...]

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I hate cliches and “too big to fail” has become one of the more annoying ones.  The phrase is used to describe any company or group of companies that so dominate their industries that their collapse would be more costly to the American economy than their bailout by the taxpayers. AIG and General Motors, for instance. But make no mistake about [...]

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Republicans believe that the federal government has gotten too big and as a solution propose severe cuts in spending and oppose tax increases. Democrats believe that the federal government needs to do more for the poor and the middle class and as a solution propose tax increases on the wealthy and oppose major cuts in entitlement programs. Nobody – not me, not [...]

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