France’s 75% Tax on Millionaires is Not What You Think

Almost two years ago now, there was a big hullabaloo because France proposed a 75% tax on millionaires. Some folks were really upset that millionaires were going to have to pay 75% of what they earned in a year for taxes. WRONG. This is not true. In no country (that I’ve ever seen), do taxes work this way. […]

Would You Rather Pay Fees or Taxes?

A little over a week ago, Matt Yglesias wrote a post on Slate about how to balance the budget while slashing taxes. The solution: call everything a fee. Well we could solve an awful lot of problems that way. For example, I’d love to see us impose a greenhouse gas emissions fee to internalize the […]

Taxes are the Same for Everyone: Marginal Rates vs. Millionaires and Billionaires

I was watching some of the coverage of the ongoing fiscal cliff mess and I heard one of the people being interviewed talking about how the “Bush tax cuts” are going to be extended for 98% of Americans. This. Is. So. Wrong. I’d like to assume that the people on TV informing the nation know that […]