Today, for the first time in ten years, the U.S. House of Representatives has voted to repeal the federal estate tax. The final vote on HR 1105 was 240-179, with 233 Republicans and 7 Democrats voting yea. The bill was...
- The Tax Policy Blog
- They Should Have Seen it Coming
They Should Have Seen it Coming
The big news in tax this week is not the story that Republicans have modified House rules to make it easier to enact tax cuts, nor the story about billionaire Roger Milliken avoiding the estate tax by dying on December 30, it is the report that the Romanian government has designated witches, astrologers, and fortune tellers as formal "professions" and thus, these groups must now declare their incomes and pay the 16% flat tax.
While the government has justified the move as a means of cracking down on tax evasion, many witches have retaliated by putting hexes on government officials.
According to today's story in Tax-News.com:
Romania is a country where ancient superstitions have survived into the modern day, perhaps more than in other European countries. But many witches are complaining that their income is so meagre, it is hardly worth taxing. Some are so angered by Basescu's government that they have taken to throwing poisonous plant-based concoctions into the River Danube and are threatening to cast spells on the lawmakers who voted the law through. Others, however, have welcomed official recognition of their craft by the government after years of prejudice.
I wonder what their crystal ball would tell us about the prospects of tax reform in the U.S.?
Subscribe to the Tax Foundation Newsletter
We will never sell or share your information with third parties.
Join the Tax Foundation's fight for sound tax policy Go
About the Tax Policy Blog
The Tax Policy Blog is the official blog of the Tax Foundation, a non-partisan, non-profit research organization that has monitored tax policy at the federal, state and local levels since 1937. Our economists welcome your feedback. If you would like to send an e-mail to the author of a blog post, please click on that person's name to locate his or her e-mail address or visit our staff page here.