EconomyCommentary
The Top 1 Percent Pay 35 Percent of Federal Income Taxes
The answer given by many on the left when faced with the problem du jour—deficits, inequality, etc.—is simply to raise taxes on the rich. But… Read More
EconomyNews
Why Republicans Are Calling for Higher Gas Taxes in This State
Georgia residents could soon see prices surge at the pump, as lawmakers consider a bill that would significantly raise taxes on gas so the state… Read More
EconomyAnalysis
How the New Lee-Rubio Tax Plan Would Boost the Economy
The U.S. has the highest corporate tax rate in the developed world, is the only major country to tax its businesses on income earned outside… Read More
EconomyNews
Can Obama Raise Your Taxes Without Congressional Approval?
The U.S. Constitution requires that tax bills originate in the House of Representatives. So could President Obama really impose a tax hike on Americans through… Read More
EconomyAnalysis
It’s Time to Kill This Tax (Entirely)
If there were ever a right time to eliminate the estate tax in America, it is right now. The latest tax collection data make an… Read More
EconomyNews
Utah Plan Would Force Out-of-State Online Retailers to Collect State Sales Tax
Utah is considering legislation that would mandate out-of-state online retailers to collect Utah sales taxes or obtain a license to continue selling their products in… Read More
EconomyCommentary
The President’s Proposed Budget Meets Late Night Television
President Obama’s proposed $4 trillion budget got a taste of late-night television. Comedian Jimmy Fallon joked: “Speaking of Obama, [Monday] he presented a $4 trillion… Read More
EconomyCommentary
Obama’s Proposal Would Make Effective Death Tax Rate as High as 68%
President Obama’s proposed changes to inheritance and capital gains taxes could raise the estate tax rate in the U.S. to the highest in the industrialized… Read More
EconomyCommentary
Washington Might Not Be Pushing Tax Cuts, But Republican Governors Are
While the prospects for tax reform in Washington are dim, as many as 20 Republican governors are moving forward with their own pro-growth tax-relief initiatives…. Read More
EconomyCommentary
If You Received a Higher Obamacare Subsidy Than You Were Eligible For, You Don’t Have to Pay It Back This Year
Ever since the individual health insurance mandate in Obamacare was upheld as a tax in 2012, taxpayers have been waiting to see how Obamacare affects… Read More
EconomyNews
California Might Replace Gas Sales Tax With Mileage Tax
Your fuel efficient car might be great for the environment, but if you live in California, it might not help you save money much longer…. Read More
EconomyCommentary
Why Don’t Lawmakers Want to Update the Tax Code?
Lawmakers in Washington have plenty of work ahead of them this year, so the temptation to punt on everything but the “hot” issues will be… Read More
EconomyNews
How Nikki Haley Plans to Make South Carolina More Competitive
The governor of South Carolina has proposed lowering the state’s income tax rate from 7 percent to 5 percent, accompanied by a 10 cent hike… Read More
EconomyCommentary
How Obama’s New Tax Plan Discriminates Against Stay-at-Home Parents
President Obama’s new tax plan, which he discussed in part in the State of the Union, lays out new proposals that he claims would help… Read More
EconomyCommentary
The IRS Has Around 100,000 Employees. And Yet It’s Still Incredibly Incompetent.
Imagine that a retail store or company like Best Buy or Home Depot announced that it has plans to slash customer service, that it will… Read More
EconomyCommentary
New GOP Plan Would Force Online Sales to Be Taxed at Rate of Seller’s State
House Judiciary Committee chairman Bob Goodlatte, R-Va., this week jumpstarted the sputtering effort to allow states to collect sales taxes on sales by out-of-state, mostly… Read More
EconomyCommentary
This Liberal’s New Tax Plan Won’t Help the Middle Class
There is widespread agreement that the tax code is inhibiting economic growth and harming American families as a result. Rep. Chris Van Hollen, D-Md., ranking… Read More
EconomyCommentary
Why Washington Politicians Want to Hike the Gas Tax
Suddenly everyone in Washington wants a gas tax hike—apparently so consumers don’t save too much money at the pump. As prices keep falling, the politicians… Read More
EconomyNews
One Democrat’s Plan to Put More Money Back in Your Pocket
The House Budget Committee’s top Democrat is out with a new plan that he says will put more money back in the pockets of middle… Read More
EconomyCommentary
The Union-Driven Crisis That Could Be Coming to a City Near You
For “Outrageous Government Scam of 2014,” it’s hard to compete with the news of the supersized public employee pensions in California. If you haven’t already… Read More
EconomyCommentary
It’s Never a Good Time for a Carbon Tax
Larry Summers, former treasury secretary and economic advisor to the Obama administration, says low oil prices offer a ripe opportunity to impose a carbon tax…. Read More
EconomyNews
Facing Budget Shortfall, State Considers ‘Sin Tax’ on Cigarettes
CULLMAN, Ala.—As the power structure in Montgomery looks for ways to make up a budget shortfall in 2015, a state cigarette tax increase may be… Read More
EconomyNews
Audit: IRS Doled Out $14.5 Billion in Erroneous Tax Credits
A recent audit showing the Internal Revenue Service handed out $14.5 billion in improper earned income tax credits in 2012 came as little surprise to… Read More
EconomyCommentary
What ‘Swaps’ Are … and Why They Matter
Thanks to one tiny provision stuffed into the CRomnibus spending bill, millions are now familiar with the financial term swap. This provision essentially undoes a… Read More
LawNews
4 Things You Need to Know About the Findings on the IRS Targeting Scandal
The nation’s tax chief decided not to tell Congress that the IRS was targeting conservative groups, an action that would have brought to light the… Read More
EconomyNews
14 States Cut Taxes in 2014. Is Yours One of Them?
With Wisconsin leading the way, 14 states enacted “significant, broad-based tax cuts” in 2014, according to a report released this week. Surprisingly, several states controlled… Read More
EconomyNews
Taxpayers on Losing End of Government’s Lax Oversight of Florida Nonprofit
TALLAHASSEE, Fla. — Hilda Hall-Dennis was no stranger to nonprofit community work. Over the course of 11 years, she managed three nonprofits in South Florida…. Read More
EconomyNews
How Harry Reid’s Last Act as Majority Leader Directly Benefited His State
In his final move as majority leader, Sen. Harry Reid ushered through a series of tax breaks that directly benefit residents of his home state… Read More
EconomyNews
As Gas Prices Tumble, States Feel Pinch of Less Tax Revenue
Reduced gasoline prices are good news for drivers across the country, but they’re causing headaches for budget directors in oil-producing states who are now revising… Read More
EconomyCommentary
How Much Your Taxes Are Really Costing You
Your taxes are costing you a lot more than you think. In addition to the direct burden imposed by the taxes themselves, Americans face compliance… Read More
