This Tax Week, Remember That the Federal Income Tax Is Relatively New
There are many pervasive myths about the U.S. tax code. Here are a few.
There are many pervasive myths about the U.S. tax code. Here are a few.
Wealthier Americans pay a record share of federal taxes, but voters (and President Joe Biden) believe they're freeloading.
These handouts will flow to businesses—often big and rich—for projects they would likely have taken on anyway.
Free trade brings us more stuff at lower prices.
Economic nationalists are claiming the deal endangers "national security" to convince Americans that a good deal for investors, employees, and the U.S. economy will somehow make America less secure. That's nonsense.
Critics are misreading the movie. The wealthy are not the villains in this story.
Despite the popular narrative, Millennials have dramatically more wealth than Gen Xers had at the same age, and incomes continue to grow with each new generation.
I shouldn't have to spend so much money on an accountant every year. But I don't really have a choice.
Many who see overdraft protection as preferable to other short-term credit options will have fewer choices as some banks decide the service isn't worth offering anymore.
The reality raises questions about the kind of future we want to leave for the next generation.
Americans are wealthier today than in the 1960s. That's not because of Bidenomics; it's because of six decades of progress.
The new libertarian president believes in free markets and the rule of law. When people have those things, prosperity happens.
His speech in Davos challenged the growing worldwide trend of increased government involvement in economic affairs.
Desmond's analysis never goes deeper than his facile assertion that "poverty persists because some wish and will it to."
A new report brings remarkable economic illiteracy to its focus on poverty and inequality.
The author discusses how cryptocurrencies are helping people like her build the Africa—and the world—they want.
Author Magatte Wade discusses how cryptocurrencies are helping people like her build the Africa—and the world—they want.
Government is "promoting bad behavior," says Sen. Rand Paul. He's right.
As we step into 2024, it's crucial to adopt a more informed perspective on these dubious claims.
Big government has been ruinous for millions of people. Charities aren't perfect, but they are much more efficient and effective.
"Over the last 20 years, because of temperature rises, we have seen about 116,000 more people die from heat. But 283,000 fewer people die from cold."
Lawmakers should consider a user-fee system designed to charge drivers by the mile.
We're often told European countries are better off thanks to big-government policies. So why is the U.S. beating France in many important ways?
Years ago, when interest rates were low, calls for the federal government to exercise fiscal restraint were dismissed. That was unwise.
Over the last several years, they have worked nonstop to ease the tax burden of their high-income constituents.
Those sounding the loudest alarms about possible shutdowns are largely silent when Congress ignores its own budgetary rules. All that seems to matter is that government is metaphorically funded.
Don’t count on that promise to not hike taxes on “people making less than $400,000.”
This progress has been widely shared, to the great benefit of the people at the bottom of the distribution.
The lack of oversight and the general absence of a long-term vision is creating inefficiency, waste, and red ink as far as the eye can see.
It's time to retire the idea that getting rid of standardized tests increases equality.
If activists want to help young people, they should start before college.
Grant Williams breaks down the math: "$54 million in Dallas is really like $58 million in Boston."
Many politicians offer a simplified view of the world—one in which government interventions are all benefits and no costs. That couldn't be further from the truth.
Lai's media company covered the Communist government's abuses when other Hong Kong media wouldn't.
Global warming is an issue. But there are other pressing problems that deserve the world's attention.
Plus: Why people believe doomer narratives, schools seek to define social media platforms as public nuisances, and more...
Even taking all the money from every billionaire wouldn't cover our coming bankruptcy.
Is the A.I. breakthrough for real this time?
The U.S. tax system is extremely progressive, even compared to European countries—whose governments rely on taxing the middle class.
Knives Out director Rian Johnson offers a twisted vision of the American economy as one populated by makers and moochers.
Stop limiting entrepreneurs’ ability to get funding from those they know best.
"When we look at solar and wind around the world, it always correlates to rising prices and declining reliability."
In 10 years, the programs' funds will be insolvent. Over the next 30 years, they will run a $116 trillion shortfall.
In this film, it's mean and funny enough to work.
The rich are getting richer under the Inflation Reduction Act.
The HBO series features what Ayn Rand would call "second-handers."
Hating tech billionaires is The Current Thing.