Category: Taxation
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Sebelius Taxes
Kansas Governor Kathleen Sebelius, now nominated to be Secretary of Health and Human Services, released a statement yesterday, which reads in part: “As a result of these amendments to our 2005, 2006 and 2007 returns, we paid a total of $7,040 in additional tax and $878 in interest.”
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Tax Collections Rise Without Taxes Rising
A letter printed in the January 1, 2009 Wichita Eagle, written by a Christopher Brooks of Wichita, argues that political advocacy groups that ask legislators to sign a pledge to not raise taxes are engaging in “economic blackmail.” This process, Mr. Brooks writes, is “unfair to those who have a different viewpoint on spending but…
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Is Taxation Voluntary?
In this video, Senate Majority Leader Harry Reid shows just how ignorant he is. The November elections have given this man even more power, as his party’s majority in the senate will soon be larger
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Is There Anyone Left to Pay Taxes?
The Tax Foundation reports that soon nearly half of the tax returns filed will owe no federal income tax, according to the economic plans of John McCain and Barack Obama. In its analysis Both Candidates’ Tax Plans Will Reduce Millions of Taxpayers’ Liability to Zero (or Less), the Tax Foundation reports that McCain’s announced tax…
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Tax Day is Here. Take No Cheer.
As the annual tax deadline is here, we should take a moment to examine our level of awareness of the taxes we pay.
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Wasteful tax cuts
In the February 21, 2008 debate between Sen. Clinton and Sen. Obama, Clinton mentioned the “wasteful tax cuts of the Bush administration.”
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It’s not yours to cut
It’s the people who “give” tax money to the government, not the government who “gives” it back to the people in the form of tax cuts. If the government cuts taxes, the government gives us nothing. It simply takes less of what is ours in the first place.
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The Real Cost of Higher Taxes
A column in the Wall Street Journal explains how certain tax cuts generate additional growth and thus lead to some degree of revenue feedback to the Treasury. The authors point out that higher taxes, by contrast, would impose harsh costs on the economy for every dollar collected by the IRS.
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Pay As You Go?
On the rare occasions the mainstream national news media bothers to cover federal spending and taxes you are sure to hear the phrase, “pay as you go,” as the primary talking point of the new congressional Democratic majority. This phrase is supposed to reassure us now that the profligate “Bridge to Nowhere,” free spending Republicans…