I was having a conversation with someone the other day and she took a very moderate position when it comes to taxation. “We shouldn’t be taxing people who genuinely need every time they earn, but I don’t have a problem taxing people who have more money than they need.” Honestly, I find it hard to argue with that logic. It seems pretty reasonable to me. I vaguely agree, in theory.

We’re beginning to see a pattern here. Although the actual tax rate has not increased, many of of us will be paying more in taxes next year. Earlier this week, with the passage of the health care bill from the house, the Democrats managed to cram through a tax-hike-that-isnt’-a-tax-hike that directly targets middle- and lower-class Americans. How you ask? If the bill passes, the tax bracket you belong to will no longer adjust for inflation.

Mr. Obama, you, together with Ms. Pelosi, are raising taxes on every sector of society in the middle of a recession. Every time you claim you are not raising taxes, you are lying to the American people.

The other day I met a gentleman online who believed, amongst other things, that income taxes don’t hurt businesses or the economy because they tax the people and not businesses or industry. Today’s blog entry is another installment of Ask Janus in which I’ll be teaching Economics 101. Today’s class: How Raising Taxes [...]

A huge collection of photos taken at the Houston Tax Day Tea Party protests.