For the government, there's no tax like a hidden tax. That's why a considerable chunk of the total taxes we pay is hidden. In February, The Washington Post itemized the costs that go into the $1.10 a person might pay to have a shirt professionally laundered. Setting aside the sales tax, the Post estimated Uncle Sam's take at 4 cents–a whopping two-thirds of what they estimated to be the owner's 6 cents in profit. Some might conclude that this isn't so bad. After all, by this math, the government added a mere 3.6 percent to the pre-sales tax cost of the clean shirt. Not exactly, say economists Gary and Aldona Robins of the Texas-based Institute for Policy Innovation. They took the Post's analysis one step further, estimating the proportion of each cost factor that can be pegged to federal taxes. The Post's calculations, say the Robinses, underestimates the total tax bite–37 cents–by close to a factor of 10. Since even a third of the profit is really tax, Uncle Sam is the one cleaning up, with a take nine times greater than the owner's.
The Washington Post Tried To Memory-Hole Kamala Harris' Bad Joke About Inmates Begging for Food and Water
At a time when legacy publications are increasingly seen as playing for one political "team" or the other, this type of editorial decision will not do anything to fix that perception.
The new president availed himself of Seila Law v. Consumer Financial Protection Bureau.
California Preservationists Sue To Overturn Law That Requires Property Owners Consent To Having Their Homes Landmarked
The lawsuit from three Orange County preservation groups argues that supposedly historic buildings should be afforded the same environmental protections as "air, water, and forests."
"She was charged with violating the Reopening Ontario Act."