Post Tagged 'Income tax'

June 25, 2019

The Laffer Curve vindicated…in Canada

On September 14, 1974, economist Arthur Laffer and three friends had the most productive cocktail discussion in U.S. history. On that day, Laffer famously sketched his U-shaped theory of taxation on a cocktail napkin. Continue Reading...

April 07, 2017

The 100th anniversary of a wealth destroyer

Like the United States, Canada instituted its federal income tax 100 years ago. In the states, the progressive income tax was a demand of the original Populist movement and, after being deemed unconstitutional, was adopted into the U.S. Continue Reading...

October 31, 2016

Do the wealthy pay their fair share of taxes?

During her presidential campaign, Sec. Hillary Clinton has repeatedly said she’d implement a tax system in which the wealthy “pay their fair share in taxes.” Expecting the rich to pay what is “fair” is not asking to much of them. Continue Reading...

April 13, 2015

Just Render Unto Caesar Already: The IRS and Frivolous Tax Arguments

In an attempt to trap Jesus, some Pharisees and Herodians asked him, “Is it lawful to pay taxes to Caesar, or not? Should we pay them, or should we not?” In response, Jesus said, “Why put me to the test? Continue Reading...

April 15, 2014

Just Render Unto Caesar Already: The IRS and Frivolous Tax Arguments

February 19, 2013

Toiling for Pharaoh

My friend John Teevan of Grace College sends out a monthly newsletter, “Economic Prospect.” He passes along this in the current edition: I found this note from a newly retired accountant (age 66) who has not gone on social security yet. Continue Reading...