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Bruce Bartlett commented on the blog post FDL Book Salon Welcomes Bruce Bartlett, The Benefit and The Burden: Tax Reform-Why We Need It and What It Will Take
Thanks. Everyone: BUY MY BOOK.
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Bruce Bartlett commented on the blog post FDL Book Salon Welcomes Bruce Bartlett, The Benefit and The Burden: Tax Reform-Why We Need It and What It Will Take
I think a broad based carbon tax would be a good substitute for a VAT if it’s politically impossible to impose a VAT.
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Bruce Bartlett commented on the blog post FDL Book Salon Welcomes Bruce Bartlett, The Benefit and The Burden: Tax Reform-Why We Need It and What It Will Take
The payroll tax is essentially a tax on value-added, so replacing it with a VAT wouldn’t accomplish much. I also think it is important to maintain a linkage between contributions and benefits.
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Bruce Bartlett commented on the blog post FDL Book Salon Welcomes Bruce Bartlett, The Benefit and The Burden: Tax Reform-Why We Need It and What It Will Take
That’s higher than I thought it was.
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Bruce Bartlett commented on the blog post FDL Book Salon Welcomes Bruce Bartlett, The Benefit and The Burden: Tax Reform-Why We Need It and What It Will Take
Yes. For example, there was a big bulge in capital gains realizations in 1986 before the capital gains rate was increased in 1987.
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Bruce Bartlett commented on the blog post FDL Book Salon Welcomes Bruce Bartlett, The Benefit and The Burden: Tax Reform-Why We Need It and What It Will Take
I know at Stanford that the children of faculty who go there pay nothing.
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Bruce Bartlett commented on the blog post FDL Book Salon Welcomes Bruce Bartlett, The Benefit and The Burden: Tax Reform-Why We Need It and What It Will Take
Point taken. I bet your father didn’t even have to pay your tuition.
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Bruce Bartlett commented on the blog post FDL Book Salon Welcomes Bruce Bartlett, The Benefit and The Burden: Tax Reform-Why We Need It and What It Will Take
We know that doesn’t work from our experience with tax rebates. But if we had a broad-based consumption tax that was temporarily reduce, people would bring forward future consumption. We know this because that’s what happened in every country just before a VAT took effect.
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Bruce Bartlett commented on the blog post FDL Book Salon Welcomes Bruce Bartlett, The Benefit and The Burden: Tax Reform-Why We Need It and What It Will Take
Honestly, the best way to avoid is big tax increase on January 1 is to re-elect Obama.
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Bruce Bartlett commented on the blog post FDL Book Salon Welcomes Bruce Bartlett, The Benefit and The Burden: Tax Reform-Why We Need It and What It Will Take
Be careful. Jamie was a legacy admission to Harvard.
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Bruce Bartlett commented on the blog post FDL Book Salon Welcomes Bruce Bartlett, The Benefit and The Burden: Tax Reform-Why We Need It and What It Will Take
Consumption taxes are inherently regressive. But not as regressive as most people think. Over a lifetime, consumption tends to be proportional to income.
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Bruce Bartlett commented on the blog post FDL Book Salon Welcomes Bruce Bartlett, The Benefit and The Burden: Tax Reform-Why We Need It and What It Will Take
So far I see no evidence that Grover’s power is diminishing. Re the Bush tax cuts, one argument I haven’t seen anyone make yet is that if Obama loses they are guaranteed to expire. He will veto any post-election effort to do so and Democrats in the Senate will filibuster it.
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Bruce Bartlett commented on the blog post FDL Book Salon Welcomes Bruce Bartlett, The Benefit and The Burden: Tax Reform-Why We Need It and What It Will Take
Keep in mind that a lot of homeowners don’t have a mortgage. There are a lot of elderly who live in houses they own free and clear.
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Bruce Bartlett commented on the blog post FDL Book Salon Welcomes Bruce Bartlett, The Benefit and The Burden: Tax Reform-Why We Need It and What It Will Take
It’s just part of the larger case for a pure consumption-based tax system. While I would enact one if I could, I consider it to be too Utopian to waste much time on. Incidentally, if we have VAT right now we could stimulate consumption very effectively by cutting it temporarily. Since we don’t have a VAT, it’s pretty much impossible to stimulate demand on the tax side.
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Bruce Bartlett commented on the blog post FDL Book Salon Welcomes Bruce Bartlett, The Benefit and The Burden: Tax Reform-Why We Need It and What It Will Take
I am neither a D nor an R. I’m the only genuine independent I know of.
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Bruce Bartlett commented on the blog post FDL Book Salon Welcomes Bruce Bartlett, The Benefit and The Burden: Tax Reform-Why We Need It and What It Will Take
That’s a different problem largely unrelated to taxes. Our biggest problem is a lack of aggregate demand.
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Bruce Bartlett commented on the blog post FDL Book Salon Welcomes Bruce Bartlett, The Benefit and The Burden: Tax Reform-Why We Need It and What It Will Take
Lots of countries don’t allow mortgage interest to be deducted and have a healthy middle class.
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Bruce Bartlett commented on the blog post FDL Book Salon Welcomes Bruce Bartlett, The Benefit and The Burden: Tax Reform-Why We Need It and What It Will Take
That’s a problem that I don’t really know what to do about.
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Bruce Bartlett commented on the blog post FDL Book Salon Welcomes Bruce Bartlett, The Benefit and The Burden: Tax Reform-Why We Need It and What It Will Take
It’s part of a larger problem of corporate control that was identified back in the 1930s by Berle & Means.
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Bruce Bartlett commented on the blog post FDL Book Salon Welcomes Bruce Bartlett, The Benefit and The Burden: Tax Reform-Why We Need It and What It Will Take
Republicans use the IRS like a political punching bag. It will take a Republican president faced with pressure to raise taxes to restore IRS funding to an adequate level.
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