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Category Archives: tax policy

Are IRS Audits Really That Bad?

Posted on August 8, 2022 by Tony Lima

Are IRS audits really that bad? There will soon be 87,000 new IRS agents.  With 674 billionaires in the U.S., that’s not who will be audited. Continue Reading →

Posted in Economist "humor", tax policy | Tagged 87000, audit, featured, IRS
Tax Foundation photo The Tax Foundation Dissects the Inflation Reduction Act of 2022

The Tax Foundation Dissects the Inflation Reduction Act of 2022

Posted on July 29, 2022 by Tony Lima

Bad advice is coming from economists who perennially favor of tax increases. Nobody knows whether tax increases reduce inflation. Continue Reading →

Posted in Economic policy, tax policy | Tagged featured, inflation, inflation reduction act of 2022, tax foundation
Four Principles of Sound Tax Policy

Four Principles of Sound Tax Policy

Posted on July 18, 2022 by Tony Lima

I recently got a copy of the Tax Foundation’s 2021 annual report.  Inside the front cover were their four principles of sound tax policy. Continue Reading →

Posted in tax policy | Tagged featured, principles, tax foundaton, tax policy
Iowahawk certificate of Texas citizenship

Iowahawk Reminisces About Moving to Texas

Posted on October 20, 2021 by Tony Lima

Iowahawk is the nom de Twit of David Burge. Dave celebrated his seventh anniversary in Texas with a trip down memory lane. Continue Reading →

Posted in Economist "humor", tax policy | Tagged featured, iowahawk, Iowahawkblog, move to a new state, taxes, Texas
Prof. Steven Hamilton The Optimum Quantity of IRS Tax Enforcement

The Optimum Quantity of IRS Tax Enforcement

Posted on March 30, 2021 by Tony Lima

Prof. Hamilton posted a thread on calculating the optimum quantity of IRS tax enforcement. That is less than 100% of potential revenue. Continue Reading →

Posted in Economic basics, Economic policy, tax policy | Tagged featured, optimum enforcement, Steven Hamilton, tax

Beth Baumann’s Thoughts on Taxes

Posted on February 10, 2020 by Tony Lima

Why do Democratic Socialists still work like crazy to pay as little in taxes as possible? Here are Beth Baumann’s thoughts on taxes. Continue Reading →

Posted in Current issues, tax policy | Tagged Baumann, Democratic Socialist, featured, taxes

Our Favorite Economist Tony Lima

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Economist Thoughts

TARIFF, n. A scale of taxes on imports, designed to protect the domestic producer against the greed of his customers. — Ambrose Bierce

“Everybody knows that once something is declared a right, the laws of supply and demand are automatically repealed.” – Ben Shapiro, podcast, September 4, 2018

Why I will not use government data from now on

Last Tweets

  • Join @carldemaio and sign the petition to Stop the Natural Gas Ban! Sign the petition here: https://t.co/n4ltSCzl2V, 17 hours ago
  • RT @missmulrooney: My 3-year-old said she wished we had a pet. I reminded her we have a dog and wow the genuine surprise on her face a… https://t.co/uEL0wMlebB, 19 hours ago
  • RT @zerohedge: Pentagon ‘did not detect’ previous Chinese spy balloons: US general Glen VanHerck, the head of U.S. Northern Comman… https://t.co/29p8PNDOq6, Feb 7
  • Fourth quarter GDP says we’re heading for a recession. Buckle up for a bumpy ride through the deep weeds of GDP num… https://t.co/eHawhPhH76, Feb 7
  • RT @bloodless_coup: 🔴 I regret to inform you the cowardly, rudderless, stupid party is being cowardly, rudderless and stupid again. 🙄 https://t.co/lfuM9iks6m, Feb 6

Websites I Like and Use

  • Board of Governors of the Federal Reserve System
  • Federal Deposit Insurance Corporation
  • Federal Reserve Bank of Boston
  • Federal Reserve Bank of Minneapolis
  • Federal Reserve Bank of St. Louis
  • Political Calculations
  • California Pension Tracker
  • Dan Mitchell's Analysis of Tax Issues

My Other Blogs

  • My musings about technology and strategy
  • California Wine Fan
  • Virginia Wine Fan
  • Oregon Wine Fan

GonzoEcon History

Recent Posts

  • Fourth Quarter GDP
  • COVID and Kids Part 2
  • The U.S. Washboard Monopoly
  • Repeal the Jones Act
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  • Fourth Quarter GDP February 7, 2023
    GDP growth of 2.9% sounds pretty good. But there is underlying weakness in the economy. I estimate a 60% chance of a recession in 2023. Continue Reading →
    Tony Lima
  • COVID and Kids Part 2 January 31, 2023
    COVID and kids part because the CDC has once again produced a junk study.  Even worse, after two revisions they still don't have it right.  Continue Reading →
    Tony Lima
  • The U.S. Washboard Monopoly January 28, 2023
    Inspired by a front-page article in the Wall Street Journal, I investigated this outrage.  The U.S. washboard monopoly is a national disgrace. Continue Reading →
    Tony Lima
  • Repeal the Jones Act January 26, 2023
    Puerto Rick is a hurricane magnet. After the last one, power was out for 928,000 residents. The island has many diesel power generators. A tanker full of diesel was moored off the coast. But it wasn’t allowed to dock. Why? The Jones Act. Continue Reading →
    Tony Lima
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