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3 Nov 2021, 11:28 am by Neil H. Buchanan
  For example, if State A is home to one percent of all U.S. citizens, the tax must collect one percent of all revenues from State A. [read post]
3 Nov 2021, 9:14 am
DocName=075000050HPt%2E+V&ActID=2086&ChapterID=59&SeqStart=6200000&SeqEnd=8675000    [read post]
27 Oct 2021, 9:01 pm by Neil H. Buchanan
The people who have enjoyed the free ride provided by the realization requirement are, however, unsurprisingly annoyed by the possibility that they might have to pay taxes like the little people do, so they are starting to complain.Even so, an excellent explainer in Tuesday’s New York Times ends with this: The problem may be in the Constitution, which gives Congress broad powers to impose taxes, but says “direct taxes”—a term without clear definition—should be… [read post]
27 Oct 2021, 9:01 pm by Neil H. Buchanan
The people who have enjoyed the free ride provided by the realization requirement are, however, unsurprisingly annoyed by the possibility that they might have to pay taxes like the little people do, so they are starting to complain.Even so, an excellent explainer in Tuesday’s New York Times ends with this: The problem may be in the Constitution, which gives Congress broad powers to impose taxes, but says “direct taxes”—a term without clear definition—should be… [read post]
29 Sep 2021, 9:05 pm by Lukas Gemar
In South Carolina, for instance, the decisions of the federal board surfaced “the longstanding struggle between the rich coastal planters and the poor backcountry in that state. [read post]
29 Sep 2021, 7:47 pm by Race to the Bottom
 Proverbs tells us that “one eager to get rich will not go unpunished. [read post]
17 Sep 2021, 7:22 am
  And that final goal can only be reached when, as Deng Xiaoping once suggested, the nation is so rich and materially stable  that issues of wealth become irrelevant in the operation and constitution of society. [read post]