States tax policy

I expect that we will see states with high income taxes get even more aggressive in attempting to claim residents really haven’t left the state for income tax purposes.  Ultimately they won’t be successful which will lead to tax increases and an ever more vicious cycle of rich people leaving.

Taxes, how do they work?

If a state has high income taxes, and the federal government stops subsidizing them by limiting the federal deductibility of SALT taxes, comedy ensues.

 

Taxing online

Looks like Chicago is going the extra mile to squeeze every last ounce of revenue from its beleaguered citizens.  What a bunch of crooks.

Definitely true

Prof. Glenn Reynolds gets it right again.

A great question

Why does the IRS have so many guns?

This is a terrible idea

Giving the IRS more power is like giving a teenage boy liquor and the keys to a car.

Citizen journalism

Here is an excellent example of citizen journalism in the digital age.  Sounds like the Mayor has some explaining to do.

IRS

Fire them all, bulldoze their headquarters, salt the earth of the ruins. #IRS

— David Burge (@iowahawkblog) April 1, 2015

I agree

Professor Reynolds is right, yet again.

Unconstitutional, I would think

Giving churches a tax break for preaching the government mandated position.  I can’t imagine any attorney thinking this would pass a constitutional challenge.  I have relatives in Maryland and the “rain tax” is universally despised.