tax policy

Borrowers, lenders, and others--beware trusting the government

Posted May 28, 2009 - 07:10 by Philip Brewer

Personal Finance

Having a prosperous country (as opposed to having merely a prosperous elite) depends fundamentally on the rule of law. The system can work adequately well with various sets of rules, as long as they're known in advance and fairly applied. During hard times, though, there's a strong temptation to ignore the rules in a search for a less-bad result. Both borrowers and lenders need to watch out.

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Investment Gains Taxes Increase - The Worst Tax Policy Ever?

Posted June 20, 2008 - 01:37 by Xin Lu

Personal Finance, Investment, Taxes

Yesterday Paul Michael wrote an article comparing the income tax policies of McCain and Obama and suggested that he would vote for Obama because Obama's tax policy would benefit everyone but the uber-rich. In the comments on the article there are many great comments about the candidates' tax policies and how it is not so simple to say that Obama's plan is better. One particular comment that stuck out to me is about Obama's stance on doubling capital gains taxes, and I think that is possibly the worst tax policy ever, and here is why.

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