Scott Hodge is a tax and fiscal policy foundation fellow at Arnold Ventures and president emeritus of and a senior policy advisor at the Tax Foundation and author of Taxocracy: What You Don’t Know About Taxes and How They Rule Your Daily Life. Before joining the Tax Foundation, Hodge was director of tax and budget policy at Citizens for a Sound Economy, and he spent 10 years at The Heritage Foundation as a fellow analyzing budget and tax policy.
Taxing the investment income of tax-exempt assets is no different from how investments in 401(k) accounts are taxed.
Expanding the charitable deduction is not a good use of taxpayer subsidies. Taxpayers would be better off with lower tax rates and greater take-home pay.
