California's Latest Tax-the-Rich Scheme: Electric Bills Based on Income
And it undercuts energy efficiency investments already made by millions of Californians.
Taxes
The Debt Ceiling Deal Does Not Go Nearly Far Enough
Projections of huge savings are making the rounds. Nothing could be further from the truth.
One Reason for New York's Pitiful Rollout of Legal Pot: License Preferences for Victims of Prohibition
More than two years after legalizing recreational use, the state has just a dozen licensed retailers.
Adam Smith Wasn't a Progressive
Stop quoting him out of context on taxation, education, and monopoly.
Social Security and Medicare Are Ticking Time Bombs
Even taking all the money from every billionaire wouldn't cover our coming bankruptcy.
Wealth Taxes Result in Rich People Fleeing, Turns Out
Norway hiked its wealth tax. A bunch of rich people got the hell out.
The County Sold Her Home Over Unpaid Taxes and Kept the Profit. SCOTUS Wasn't Having It.
"The taxpayer must render unto Caesar what is Caesar's, but no more," wrote Chief Justice John Roberts.
Should Drivers Have To Pay More To Register Electric Vehicles?
Texas's $200 annual E.V. fees seem like a lot of money but is largely in line with what owners would likely pay in gas taxes.
Taxing the Rich Will Have No Meaningful Effect on Our Sky-High National Debt
The U.S. tax system is extremely progressive, even compared to European countries—whose governments rely on taxing the middle class.
Minnesota Will Be the 23rd State To Legalize Recreational Marijuana
Possession and home cultivation will be legal as of August 1, and licensed sales could begin in late 2024.
Worried About the Debt Fight? Make the Hard Spending Decisions That Politicians Won't!
The debt ceiling isn’t the issue; excessive federal spending is the real problem.
Vivek Ramaswamy Thinks 'Wokeness Is a Cultural Cancer'
Why the businessman launched a long shot campaign for the presidency.
Simplify the Tax Code Instead of Creating an IRS Rival to TurboTax
Americans collectively spend billions of hours each year preparing their taxes. Rather than adding a government-run website into the mix, politicians should just simplify the tax code.
NYC May Force Rich People To Pay Higher Parking Fines Than the Poor
A pilot proposal to levy civil fines based on income is being considered by the City Council.
The Debt Ceiling Fight Is a Reminder of America's Dire Fiscal Future
The longer we wait to address our debt, the more painful it will be.
It's Been 10 Years Since the IRS's Tea Party Scandal. Will Congress Finally Act?
The partisan and constitutional dangers of letting the IRS police speech are simply too great.
States Spend Billions on Economic Development Deals With Little Return
In a new report, the Center for Economic Accountability analyzed economic development data from all 50 states and the District of Columbia, and there's very little to show for billions in annual spending.
New York's Heavy Hand Keeps Illegal Marijuana and Tobacco Dealers in Business
High taxes and heavy regulations are as effective as prohibition at creating black markets.
'It's Like Stockholm Syndrome': Gloria Álvarez Is Trying To Save Latin America From Socialism
"If there is freedom, private property, rule of law, then Latin Americans thrive," says the social media star.
Minnesota Is Poised To Join 22 Other States in Legalizing Recreational Marijuana
The debate over the details shows that, despite all the talk of treating cannabis like alcohol, legislators are not prepared to fully embrace that model.
She Had $2,300 in Unpaid Taxes. The County Bilked Her for $25,000.
Geraldine Tyler's case is not unique; home equity theft is legal in Minnesota and 11 other states.
Taxes Are Not the Mark of Civilized Society
Contra the famous quotation from Oliver Wendell Holmes, there's nothing particularly civilized about the way our governments spend the money we provide.
Is Clarence Thomas Ethically Challenged?
Plus: What the editors hate most about the IRS and tax day
Auditors Asked the IRS To Figure Out Why So Many Taxpayers Make Mistakes. The IRS Said 'No.'
Maybe taxpayers would make fewer mistakes if the federal tax code weren't so hopelessly complex.
IRS Is 48 Days Late To Issue Report Telling American Public How It'll Spend New $80 Billion
The agency’s new report tells us practically nothing of significance.
Republicans' and Democrats' Refusal To Reform Social Security and Medicare Is Political Malpractice
In 10 years, the programs' funds will be insolvent. Over the next 30 years, they will run a $116 trillion shortfall.
I Gave Myself Severe Diarrhea for Science. Don't Tax Me for It.
Eliminating taxation on compensation for being a human guinea pig is just good public policy.
Reparations for Black Residents Would Cost California $800 Billion, Say Economists
This total is 2.5 times the state's annual budget.
Social Security Will Be Insolvent by 2033
New data from the program's trustees show that insolvency will hit a year sooner than previously expected, giving policy makers just a decade before automatic benefit cuts occur.
Progressive Politicians Are Regulating Their Own Projects Into Oblivion
Excessive government interference in the market hurts consumers and thwarts policy goals. It also gets in the way of the government itself.
New York Lawmakers Want To Use a 'Netflix Tax' To Pay for the Subway
From delivery fees to streaming taxes, New York can’t stomach having MTA users actually pay for the system themselves.
To Balance the Budget, Republicans Must Cut Military Spending, Trim Entitlements, or Raise Taxes
If Republicans refuse to gore their three sacred cows, a new CBO report shows that balancing the budget is literally impossible.
Federal Employees Don't Like Paying Taxes Either
Uncle Sam's own workers owe $1.5 billion, and growing, in unpaid taxes.
Biden's New Budget Would Hike Taxes and Wage Class Warfare
The higher taxes on small businesses and entrepreneurs could slow growth. Less opportunity means more tribalism and division.
Yes, There Are Libertarians During Bank Runs
Plus: The editors recommend the best books for sparking interest in free market principles.
Biden's Budget Will Raise Taxes Without Addressing the Federal Government's Spending Problem
Biden is set to propose a new tax on unrealized investment gains and to quadruple a recently imposed tax on stock buybacks.
My Son Did His Taxes for the First Time. Rage Ensued.
Nothing focuses the mind quite so intently on the sheer stupidity of government as doing your taxes.
When the Government Makes Poverty Worse
A Pennsylvania survey suggests that taxes are often a major barrier to economic security, ranking ahead of credit card debt and student loans.
Paul Krugman Says Social Security Is Sustainable. It's Really Not.
Krugman sees benefit cuts as "a choice" but believes that implementing a massive tax increase on American employers and workers would be "of course" no big deal.
The Answer to Population Decline Is More Immigration
Politicians' go-to fixes like child tax credits and federal paid leave are known for creating disincentives to work without much impact on fertility.
Social Security and Medicare Cuts Are Coming, Whether Politicians Do It or Not
As legislators refuse to act, benefits will be cut without any possibility of sheltering those seniors who are poor.
A Texas-Backed Lawsuit Argues That the ATF's Pistol Brace Rule Is Arbitrary and Unconstitutional
Although the law did not change, regulators suddenly decided to criminalize unregistered possession of braced pistols.
IRS Plans To Raid Workers' Tip Jars
A coming crackdown on $1.6 billion in unreported tips will continue the IRS' long and ugly history of targeting low-income Americans.
Biden's Terrible Billionaire Tax
By raising the effective tax rate on capital gains, the proposal would reduce U.S. saving, discourage entrepreneurship, and decrease economic output.
The Fight Over the Debt Ceiling Is Just Beginning
Legislators will increasingly argue over how to spend a diminishing discretionary budget while overall spending simultaneously explodes.
