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04.14.2008 2:20 pm

The tax on paying your taxes

St. Louis Post-Dispatch

Have you e-filed your taxes yet? Or did you take the cheaper option and mail them for the cost of a 41-cent stamp?

Sen. Charles Schumer, D-N.Y., doesn’t say which way he filed but, like me, he’s upset about the…

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02.14.2008 3:12 pm

Stimulus could cost Missouri $98 million

St. Louis Post-Dispatch

The economic stimulus bill that President Bush signed yesterday could blow a big hole in some states’ budgets, according to the Center on Budget and Policy Priorities. For Missouri, the damage could be $98 million.

The culprit isn’t the rebate checks…

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02.08.2008 11:42 am

Only 27% plan to spend their rebates

St. Louis Post-Dispatch

When I urged people to save their “stimulus” checks, not spend them, I had no idea that my advice would strike a sympathetic chord with the majority of Americans. But according to a survey just released by American Century Investments,…

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01.25.2008 4:56 pm

Rebates will be based on 2007 income

St. Louis Post-Dispatch

Several people have asked me how the government will decide who gets the proposed economic stimulus rebates, which I wrote about in today’s column. Will it be based on last year’s income, a couple of readers asked, or on some estimate…

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01.21.2008 10:29 am

Someone also gets unstimulated

St. Louis Post-Dispatch

Russ Roberts, the former Washington U. economist who’s now at George Mason University, makes some very good points about why an economic stimulus package won’t work. In an essay for National Public Radio, he starts with some sound logic:

But…

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12.07.2007 5:21 pm

The appeal of an income-tax-free state

St. Louis Post-Dispatch

For the second time in a year, the Show-Me Institute has issued a study that says Missouri should eliminate its income tax.

The new report, by economist R.W. Hafer of Southern Illinois University-Edwardsville, compares Missouri’s economic performance with that of no-income-tax…

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11.30.2007 5:34 pm

The intentional AMT crunch

St. Louis Post-Dispatch

Aviva Aron-Dine and Robert Greenstein of the Center for Budget and Policy Priorities are tired of hearing about the “unintended” nature of the alternative minimum tax, which may hit as many as 23 million taxpayers this year. That impact was…

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11.15.2007 5:12 pm

Suit targets tax-software “cartel”

St. Louis Post-Dispatch

I don’t always applaud class-action suits against big business, but here’s one that has my sympathy. Two law firms, Feldman Shepherd and Cooley & Handy,  are  suing H&R Block, Intuit and other tax-preparation firms that participate in the IRS’ Free File…

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10.29.2007 5:02 pm

Taking from the richest, giving to the rich

St. Louis Post-Dispatch

The Tax Policy Center  has published an analysis of Rep. Charles Rangel’s sweeping tax bill, and it’s illuminating. Rangel wants to abolish the Alternative Minimum Tax, reduce the top corporate tax rate and increase the standard deduction for individuals. He’d pay for…

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06.13.2007 11:20 am

Taxes shouldn’t be used for social engineering

St. Louis Post-Dispatch

The centrist Democrats at the Hamilton Project have a new paper on tax reform  in which they lay out six guiding principles:

  1. Fiscal responsibility requires addressing both taxes and spending.
  2. Rising inequality strengthens the case for progressivity.
  3. The tax system should collect the…
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