The overall fiscal burden in the United States may be lower than it is in Europe, but there are some features of the internal revenue code that are far worse than what can be found on the other side of the Atlantic. America has a “worldwide” tax system, for instance, which means that our government […]
read more...A Washington Post columnist reports on a group of limousine liberals who are lobbying to pay more taxes. Of course, there’s no law that prevents them from writing big checks to the government and voluntarily paying more, so what they’re really lobbying for is higher taxes on the vast majority of investors and entrepreneurs who […]
read more...Richard Rahn recently wrote an article in the Washington Times about issues of morality and the IRS. His conclusions about the oppressive nature of the federal tax bureaucracy and accurate contrasts with state tax agencies are particularly relevant in April. Would you consider taking a job with a government agency that: * Unnecessarily strikes fear […]
read more...My life is now devoted to saving America from the European-style national sales tax known as the value-added tax. Writing in the New York Post, I explain that the impact of a VAT in Europe is bigger government, not smaller deficits: The real-world evidence shows that VATs are strongly linked with both higher overall tax […]
read more...This video shows that the corrupt mess we call a tax code is the result of 97 years of social engineering and industrial policy that began almost immediately after that dark day in 1913 that the income tax was created.
read more...Congressman Henry Waxman is one of the most odious statists in a town dominated by people who love big government. From his perch as Chairman of the Energy and Commerce Committee, this career politician played a big role in concocting Obamacare – including the costly provisions that will burden the business community and undermine job […]
read more...Writing in the Wall Street Journal, my Cato Institute colleague Alan Reynolds offers a simple economics lesson about pitfalls of class-warfare tax policy: …the evidence is clear that when marginal tax rates go up, the amount of reported incomes goes down. Economists call that “the elasticity of taxable income” (ETI), and measure it by examining […]
read more...Everyone’s favorite bureaucracy really stepped in it recently, when they harassed a car wash owner for an upaid tax bill of (drumroll please) four cents. But since we’re talking about the Internal Revenue Service, the bureaucrats also tacked on an extra $200 to the bill – even though the owner had never been notified of […]
read more...This Center for Freedom and Prosperity Foundation video shows how the flat tax would benefit families and businesses, and also explains how this simple and fair system would boost economic growth and eliminate the special-interest corruption of the internal revenue code.
read more...If nothing else, the Obama Administration at least is consistent. Not only do they want higher taxes in America, but they also want other nations to pursue ruinous class warfare policies. Here’s an excerpt from Tax-news.com: US Secretary of State, Hillary Clinton, wants Pakistan to review the tax treatment of the country’s most affluent taxpayers […]
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