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Tax

The Long View 2008-11-09: Zero Point History

I especially like this description of MMT in Federal finance as “quantum finance”. I have heard Republicans console themselves with the thought that the new Administration will not be able to carry out any very ambitious domestic projects, because it will operate under fiscal restraints. This is pre-quantum-finance thinking. There

Linkfest 2018-05-19: Revenge of the Stats

It has been a long since I did one of these, but they were always popular, so I'm bringing it back. In particular, it was an article by Megan McArdle in the Washington Post, "Democrats are about to have to pay up", that sent me down

The Long View 2005-11-03: Taxes, Techno-Libs, Intifada

The same basic plan for fixing the US Federal tax system keeps coming up: get rid of deductions, and make the rates lower so the change is revenue neutral. And, it will always never happen, because far too many voters and donors have lots of long-term economic decisions made with

Tax Rates

Since it is tax season, it is instructive to look at historical tax rates in the US. DarwinCatholic made a quick and dirty inflation-adjustment to the base tax tables from 1955 and compares them to 2010. There is clearly a lot more to be said on this subject, the details