Taxes directly affect Americans by compelling them to surrender part of their income to the government, and indirectly since the taxing power can positively or negatively affect economic growth.
In the U.S., our tax regimes are in serious need for reform, both at the state and federal level. Our tax code fails to sufficiently incentivize investment, the primary driver of economic growth. And it hobbles U.S. companies as they compete internationally.
IPI believes that the purpose of taxes is to raise the revenue necessary to fund the legitimate functions of government while imposing the least possible impact upon the functioning of the economy. We therefore believe that taxes should be simple, transparent, neutral, territorial and competitive.
Because of its tremendous potential to stimulate real long-term economic growth, tax reform should be a top priority of policymakers.
In Praise Of Eduardo Saverin's Tax Avoidance
Tax competition between governments is a good thing, and those who flee high-tax countries, like Eduardo Sevarin, should be praised for keeping the pressure up on politicians to keep taxes low.
Capital Controls
Instead of dealing with the root cause, Senator Schumer is acting like a tyrant and attacking those who flee his oppression.
Taxman
Higher taxes on the wealthy and the productive don't deliver, and in fact lead to capital and talent flight, as France is about to find out.
California Loves Taxes, so More Californians Love Texas
Californians flee in ever-larger numbers to low-tax states like Texas.
What's Apple To Do?
It should NOT surprise us that innovative companies find ways to solve the problems created by our tax code.
Taxmageddon Cometh
On January 1, 2013, a dizzying array of tax cuts, deductions and exemptions are scheduled to expire. Estimates of the impact on a typical working class family range from between $1,750 and $3,800 in additional taxes next year alone.
Taxes We Should Impose on Politicians
While taxes are meant to raise revenue, they can also be used to punish people or encourage them to change their behavior — and we could sure use some change in Washington.
The Exception That Does Not Prove the Buffett Rule
A closer examination suggests that Buffett and his secretary present an exceptional and perhaps questionable anecdote rather than a pattern.
Did Dynamic Scoring Kill Last Summer's Budget Deal?
If Democrats think there is no connection between tax rates, government revenue and economic growth, there is little hope for the economy—until we get someone in office who does.
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