The Washington Post is now worried about Democratic tax plans.

By: Moe Lane (Diary)  |  July 15th at 11:00 AM  | 

The Washington Post has come out against the progressive tax raises proposed by Congress to pay for health care. It does so reluctantly – it’s not against the principle of progressive taxes generally – but apparently they feel that the combination of Medicare cuts and wider-than-expected targets for the surcharge are just unacceptable. …in principle, higher taxes for the well-heeled could make sense — as | Read More »

Maryland millionaires’ massive migration.

By: Moe Lane (Diary)  |  May 27th at 08:16 AM  | 

There is a glaring inaccuracy in the linked WSJ article on vanishing Maryland millionaires. Essentially, It is not “a two-minute drill in soak-the-rich economics:” Maryland couldn’t balance its budget last year, so the state tried to close the shortfall by fleecing the wealthy. Politicians in Annapolis created a millionaire tax bracket, raising the top marginal income-tax rate to 6.25%. And because cities such as Baltimore | Read More »