taxes

A friend from the UK visited me at the weekend last week. As we drove by the local Exxon, and he spotted the $4.30 marker for regular unleaded, he commented "Petrol is cheap here." Really?Well, in the UK, he said he was paying £1.40 a…

Amity Shlaes has a good column over at Bloomberg News. Her post today is about the likely rise in taxes we are going to see in 2009 and beyond. She admonishes the Democrats for being overly complex when it comes to taxes. She says:"The…

This past week, I attended an Investment luncheon to hear Greg Valliere, the chief political strategist with the Stanford Washington Research Group. He had a number of important things to say regarding the economic implications of…

On Friday, the Spanish newspaper ABC reported that Spanish municipalities are being hit hard due to the tax revenue shortfalls emanating from the effects of the Spanish property market crash. The two local governments most affected have…

I am wading into this debate over whether or not the U.S. government should temporarily suspend the federal tax on gasoline this summer. I come down on the side against the tax break. Here's why?In a post about Windfall taxes on Tuesday, I…

With oil prices edging up near $120 a barrel, isn't it time for a Windfall Profits tax on oil companies in order to alleviate the burden of the high cost of oil? The short answer is no. Let me explain why.

As the housing bubble pops, one major casualty is likely to be state and local government property tax receipts. It appears that state and local governments recklessly spent the windfall revenue that they received during the boom times and…