Medical Device Excise Tax: The Jackalope Hunt That Went Too Far

Medical Device Excise Tax: The Jackalope Hunt That Went Too Far
The medical world is financially screwed up. In my own recent past, my wife got a brace (that didn’t work) from an Urgent Care. Had they billed it to me correctly, it would have cost me zero dollars. If I bought the piece of crap at Walgreens, it would have cost about $30 dollars. Instead, some ...

Anatomy of a Sin Tax

Anatomy of a Sin Tax
What’s the purpose of a tax? This is a fundamental debate, yet it’s rarely examined beyond the surface mud slinging we see in a political fight. It comes down to two options, though: are we trying to raise money, or are we trying to influence behavior? The tax code is riddled with examples of both. ...

We All Love Taxes–Hobby Lobby As A Tax Case

We All Love Taxes--Hobby Lobby As A Tax Case
Every morning the great people over at ThomsonReuters’s Checkpoint inundate my RSS feed with tax related court cases and newly passed tax regulation. Reading them all is usually about as exciting as taking an elementary school standardized comprehension tests, with unhelpful headlines followed by rambling gibberish (like today’s disbarred lawyer who claimed the IRS owed him hundreds of billions ...