In the New Economy They Plan to Tax Your Robots
In practice, taxing Team Robot would mean taxing the businesses that own the robots and use them to replace human labor. It’s really just a shift from taxing labor to taxing capital.
Politicians Behaving Badly
We live in an era of unprecedented partisanship, with Democrats and Republicans lobbing “fake news” across the aisle and ducking compromise like a zombie ducks sunlight. It’s good to know that even in today’s toxic environment, our officials can find at least one thing to agree on. It’s just too bad that one thing is graft!
IRS Customer Satisfaction Survey Says…….
As Louis XIV’s Finance Minister Jean-Baptiste Colbert once said, “the art of taxation consists in so plucking the goose as to procure the largest quantity of feathers with the least possible amount of hissing.” So you could say the IRS is similarly looking out for ways to boost the plucking while minimizing the hissing.
The Christmas Tree Tax
Let’s look at how the IRS treats your Christmas tree’s trip from the stump to the stand.