Americans Will Spend 6.5 Billion Hours on Income Taxes This Year
The IRS takes not only your money, but a lot of your time.
The IRS takes not only your money, but a lot of your time.
Wealth isn't held the way many believe it is.
Instead of building on Republican support for federalism, they seem determined to alienate potential allies.
Plus: What is the libertarian stake in the culture war over school curriculums?
The president's $5.8 trillion budget shows he wants more of the same government spending that is already sending prices through the roof.
Just three Republicans voted for the MORE Act, two fewer than in 2020.
On the campaign trail, Biden rejected wealth taxes as punitive, divisive, and unworkable. Now, as president, he’s embraced the idea.
The president's new budget plan calls on Congress to tax wealthy Americans' unrealized capital gains.
Plus: North Carolina rescinds FART license plate, permit-free concealed carry gets OK in Ohio, COVID case counts rising again, and more...
Congress continues to allocate funds to produce weapons that the Pentagon itself says it doesn't need.
The state's tax commissioner claims NASCAR owes Ohio more than $549,000 in unpaid taxes merely because the state's residents watched NASCAR races on television.
A windfall profit tax on oil companies didn't work in the 1970s and it won't work today.
Good intentions, bad results
Ukrainian President Volodymyr Zelenskyy has barred men aged 18-60 from leaving the country.
We must face the reality that the debt does matter.
Child care workers benefit from state subsidies. They’re fighting against possible cuts by encouraging regressive taxes that fuel a new drug war.
The House passed the bill this week with little fanfare and broad bipartisan support.
"Greed is constant. If it's greed, how do we explain prices falling?"
Plus: What the U.S. should do about Ukraine, America’s geriatric music market, and more…
The new taxes lawmakers are proposing to fund a universal health care system will likely drive even more Californians out of the state.
Stranger still, the leading drug policy reform organization supported Schumer's obstruction.
Too Many (Government) Dollars Are Chasing Too Few Goods.
If only they would apply that lesson to other goods and services.
Delaware figures prominently in Biden's stump speeches for the Build Back Better plan, but he seems to deliberately ignore some key details.
It's a fairly benign thing to say. And yet it's a landmine in our media landscape.
Musk responded that he will pay more in taxes this year than any other American in history.
The perverse provision would have discouraged smokers from switching to a far less hazardous source of nicotine.
Plus: Formerly imprisoned NSA contractor Reality Winner gets interviewed by 60 Minutes, San Francisco tries the novel approach of not taxing businesses to death, and more...
The IRS' track record suggests that beefed up enforcement will also mean more trampling of Americans' due process rights.
Something to be grateful for.
The Congressional Budget Office projects that the tax will raise nearly $8 billion over the next 10 years. That money will come out of consumers' wallets.
Rep. Nancy Mace is touting "a framework which allows states to make their own decisions on cannabis."
Inflation isn't the only reason some folks may be paying more for dining and groceries.
The proposed vaping tax has caused a third Democrat to join Sens. Joe Manchin and Kyrsten Sinema in opposing the bill.
Children are too important to be entrusted to unions or government monopolies.
Plus: America's mayors want to be paid in bitcoin, Democrats want to subsidize local journalists, and more...
Panicked Americans surrendered a lot of authority during the pandemic. Now they want their country back.
Hundreds of leaders have endorsed a 15 percent global minimum tax to quash countries with lower and simpler taxes.
Removing the cap on the state and local tax deduction would be a massive tax break for wealthy Americans who choose to live in high-tax states.
Careful, thoughtful policy making is not ruling the day.
And it just might reduce the tax burden for the well-off in the short term.
Plus: RIP to political humorist Mort Sahl, a look at which households pay the largest share of sin taxes, and more....
Imposing a wealth tax may not even be among the enumerated powers of Congress.
Plus: The Reason Roundtable makes talking about taxes interesting.
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