Wealth inequality in Europe and the U.S., 1810-2010 (Source — .pdf, 1.2MB) The more I learn about wealth and income inequality, the more I realize I didn’t know — and still don’t know — and the more it’s obvious that many other people don’t know. Rampant confusion reigns. In my observation, most laypersons don’t understand[…]
I once favored switching the U.S. to some type of flat tax plan. In 2005, I praised Steve Forbes’ tax proposal, though it wasn’t completely flat (the rich would pay more than the poor, under his slightly progressive rate suggestions). As late as 2013, I wrote: “We need to replace the decrepit Income Tax system[…]
Since I no longer like the idea of a Flat Tax, what about a national sales tax? (Or, as some have called it, the “Fair Tax”.) Sometimes, a national sales tax looks attractive. It would incentivize savings, for example, because you won’t pay taxes unless you spend money. It also sounds fair — the rich[…]
So, since I don’t like the flat tax or the national sales tax — or what we have now — then what would I do (assuming I had carte blanche) with the tax laws? Glad you asked.
There is a small (but growing) movement afoot in the U.S. that calls for taxing churches and religious organizations. Earlier this year, Time Magazine ran an op-ed titled “Now’s The Time To End Tax Exemptions For Religious Institutions”, something Slate argued at least two years ago. In the Washington Post, a 2013 story claims church[…]
A house in rural Oklahoma (Copyright © 2007 by Wil C. Fry.) Many people are uncomfortable with hypothetical ethical dilemmas (some examples). I’ve run into a few people who haven’t heard the term, and others who were first made aware of the idea in high school. I first heard of them in fifth grade, when[…]
The phrase “income inequality” has risen to prominence in the past few years, including President Barack Obama labeling it “the defining challenge of our time” and Pope Francis questioning: “How can it be that it is not a news item when an elderly homeless person dies of exposure, but it is news when the stock[…]
Despite recently posted results of online political quizzes that paint me as falling farther left, there are many areas in which I can’t consider myself left (Democrat) or right (Republican). One of those areas is How To Decide How Much Money Is Spent.
In The News: GOP Tax Plan Lowers Rates, Repeals Popular Breaks (AP, Feb. 26, 2014) Rep. David Camp Releases Tax Overhaul Plan (NPR, Feb. 26, 2014) How to Fix Dave Camp’s Tax Plan (Forbes, Feb. 27, 2014) Dave Camp’s lonely pursuit of tax reform (Washington Post, Feb. 28, 2014) First revealed as a “House Republican[…]
Just because I don’t blog about something doesn’t mean I don’t have an opinion about it. I’ve missed a lot of topics over the past few months that I really wanted to mention here. I wanted to fact-check some fairly idiotic stuff said by the people who run our country. I wanted to document more[…]
We just got my wife’s W-2 for 2013 today, the first in a short list of stuff we need before we can file for an Income Tax Refund. Main thing I learned: 25.35% of our income is gone before we even earn it. Basically, my wife works 80 hours every two weeks. Twenty of those[…]