Mostly those who make less than $50,000 per year. State-by-state breakdown below. This is a tax on the poor.
In the best rent-seeking tradition, I support this law. Demand will shift from Vancouver to the west coast – including the greater Silicon Valley area where my wife and I Continue Reading →
Student entrepreneurs at the University of Colorado have learned an important lesson: don’t bother. A state agency has levied fines against a student-run non-profit coffee shop that put it out of business. The power to regulate is the power to destroy. Continue Reading →
Pulling together these disparate elements, my estimate is that the federal government will collect about $375 million in additional tax revenue. Continue Reading →
But consider the meta-implications. Taxing an activity usually reduces the equilibrium quantity. In this case, rain is being taxed. Will Maryland begin to experience droughts? We shall see. But remember — you read it here first. Continue Reading →
I called my smog guy (Mountain View Smog Check Only) and explained the situation. After inquiring about the year, make, and model, he said, “120 miles, can’t all be in one trip or on the same day.” Continue Reading →
Short version: let’s replace the current impossibly complex tax code with another one that’s equally complex, but with the added features of (1) being unenforceable and (2) collecting far less tax revenue than Mr. Osgood supposes. Continue Reading →