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Category Archives: tax policy

Figure 2 Summary Table of Tariff Effects The Proposed Trump Tariffs’ Impact on the U.S. Economy

The Proposed Trump Tariffs’ Impact on the U.S. Economy

Posted on November 22, 2024 by Tony Lima

All the forecasts shows that tariffs have a negative impact on real GDP growth. The forecast reductions in 2025 GDP range from 0.16% to 1.7%. Continue Reading →

Posted in Current issues, Economic policy, Global Economics, Product Reviews, tax policy, Useful tips | Tagged economic growth, featured, tariffs, tax foundation
Newsom's Latest Whopper, Gas Prices Edition

Newsom’s Latest Whopper, Gas Taxes Edition

Posted on September 19, 2024 by Tony Lima

Gavin Newsom made a claim about California gas taxes that I knew was false the moment I heard it. Newsom’s latest whopper, gas taxes edition. Continue Reading →

Posted in California Economy, tax policy | Tagged california gasoline, featured, gas taxes

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

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

Websites I Like and Use

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

My Other Blogs

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

GonzoEcon History

Recent Posts

  • Berkley’s Natural Gas Ban Will Cost Consumers
  • Berkeley Bans Natural Gas
  • Ryan Bourne on the Minimum Wage
  • Treasury Markets Roiled by Inflation Fears
  • Something Fun From Google

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  • Berkley’s Natural Gas Ban Will Cost Consumers August 4, 2026
    Congratulations, Berkeley residents. Not only do you get to pay more for your electric stove, you also contribute to greater greenhouse gas emissions. Continue Reading →
    Tony Lima
  • Berkeley Bans Natural Gas August 4, 2026
    It’s the ultimate NIMBYism to adopt a plan that will increase overall statewide emissions, continue to outsource a major part of greenhouse gas emissions to another city, and reduce your city’s GHG emissions by a trivial amount. Continue Reading →
    Tony Lima
  • Ryan Bourne on the Minimum Wage July 15, 2026
    Periodically, some politician decides that we need a shiny new minimum wage. Yes, their proposals always move in the same direction: higher. Continue Reading →
    Tony Lima
  • Treasury Markets Roiled by Inflation Fears June 13, 2026
    Zerohedge was the first report of this I saw. The 30 year Treasury bond auction June 10 was as close as we’ve come to a failed auction. Continue Reading →
    Tony Lima
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