Wealth taxes come with a wealth of worrisome potential trade-offs

By James Pethokoukis President Biden’s campaign tax plan was full of tax increases, some $3 trillion worth. But a wealth tax wasn’t one of them. And, according to The New York Times, a wealth tax ....

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Federal judge blocks rule that turns away refugees because of late tax returns

As I noted last week, the Trump administration recently finalized a regulation that imposes numerous new restrictions on refugees seeking asylum. I singled out a provision of the regulation that would generally bar asylum based ....

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The IRS abandons its lawless effort to deny rebate payments to prisoners

In previous posts (here and here), I discussed the IRS’s lawless policy denying rebate payments to several groups that it loosely refers to as “incarcerated” — convicts serving their sentences, defendants institutionalized because they were found incompetent ....

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Thinking about economic growth and the Biden tax plan

President Trump likes to say that Bidenomics, particularly its big proposed tax increases, will sink the economy and crash the stock market. A recent Trump tweet summed his forecast in one word: “Depression!” Whatever the ....

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Taxing times for Big Tech: An international perspective

The FAANG companies — Facebook, Amazon, Apple, Netflix, and Google — have long faced scrutiny on taxes internationally. These extremely successful and profitable American firms are perceived to pay a disproportionately low share of taxes ....

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