Showing posts with label tax. Show all posts
Showing posts with label tax. Show all posts
How Marijuana Taxes & Restrictions Recreate Prohibition
by J D Tucille. Are you a government official who yearns for the good old days of marijuana prohibition? Do you feel out of place in an era of voter-approved legalization, grow clubs, and pot shops? My, how the world has changed! But you can feed your nostalgia for busts and streetcorner deals even while "respecting" the public's desire to legalize ... MOREStephen Moore: Five Myths About Capital Gains Taxes
Hillary's economic wrecking ball. The late, great Jack Kemp, an architect of the Reagan tax cuts, used to say, "Without capital, capitalism is just another ism." Capital is the plants, the machinery, the computers and trucks that businesses invest in to become productive and efficient providers of goods and services. So it's strange that last ... MOREHope And Change Update: 6.6 Million Americans Had To Pay ObamaCare's Individual Mandate Tax For 2014
The one promise kept. More Americans paid ObamaCare's individual mandate tax for 2014 than previously estimated, according to a new report from the Internal Revenue Service's National Taxpayer Advocate. In January, the Treasury Department projected that up to 6 million households would be subject to the tax because they did not ... MOREProgress Through State Violence Or Smaller Government?
by John Stossel. Obamacare! The War on Drugs! A War on Poverty! Prohibition! The idea that government will bring social progress isn't new. Europe's monarchs believed in big government long before there was a Soviet Union or a welfare state. Eighteenth-century philosopher Voltaire praised "enlightened" monarchs like Prussia's Frederick the ... MORE
High Cigarette Taxes May Be More Harmful Than Smoking
by Jonathan Nelson. The incentives created by government. New York's cigarette taxes are the highest in the nation, at $4.35 per pack. Some New Yorkers naturally will seek to avoid cigarette excise taxes. People are tempted to buy cigarettes in a low-tax state such as North Carolina and sell them in New York, says Jonathan Nelson. ... MORE
U.S. Losing Living Standard As Economic Freedom Erodes
Land of the heavily taxed, home of the highly regulated. With the United States sinking on several major indices of economic freedom as it celebrates its Independence Day, free-market advocates have reason to ask, “What ever happened to the land of the free and the home of the brave?” A review of several credibly researched global indices ... MOREStephen Moore: No, We Don't Need A Gas Tax Hike
Politicians want to fatten the pot from which they steal. It's summertime and that means millions of Americans will soon be cramming in the minivan for family vacation. But Congress may soon be raising the cost of those trips by increasing the federal gas tax. Why? The highway trust fund that finances our national highway system is running ... MOREMichigan City Makes The Citizens Pay For Police Brutality
The beatings will continue until revenue improves. One time tax hike needed to pay settlement. Think that since you “aren’t breaking any laws,” police brutality doesn’t affect you? Well, that’s certainly not the case in one Michigan city. Instead of violent cops paying for their own wrong-doings, the legal expenses associated with police brutality ... MORESteve Forbes: Income Tax Rate Cuts Work. Always.
The federal government could learn from the states. One of the genius features of our federal system of government is that it allows states to be laboratories for policies, to see what works and what doesn’t. The great welfare reform bill of 1996 came out of the pioneering policies of Wisconsin, which demonstrated that there could be a work ... MOREJosie Wales: IRS Continues SWAT Raids For Evasion While Hundreds Of Thier Agents Avoid Paying Any Taxes At All
Government's tax cheats are low priority. The Associated Press has reported that over 1,600 IRS employees have willfully committed tax evasion in a 10-year span; most still employed in spite of a 1998 law calling for termination in such cases. Even worse, it has been reported that many of the tax-evading agents were active in enforcing the federal ... MOREJohn Stossel: What Creates Jobs
Regulation kills options. I took a camera to Times Square this week and asked people, "What creates jobs?" Most had no answer. One said, "stimulus!" What? Government creates jobs? No! I suppose it's natural that people think government creates jobs because politicians always say that. "We've now created more than 10 million," said President ... MOREEd Feulner: Breaking The Budget
The pace of unsustainable spending is quickening. Let’s say you were a financial adviser, and a family came to you with the following situation. They make the median family income in the United States — $52,000. But last year they spent $61,000. That’s right, $9,000 more than they’re making, and it all went on the family credit card. ... MOREJacob Sullum: Ted Cruz Is Right About Taxes
IRS code's headache-inducing complexity is a scandal. If you have not done your taxes yet, do not count on getting help
from the Internal Revenue Service in answering any last-minute questions
that may arise. The IRS estimates
that only half of the anxious and bewildered taxpayers who call the
agency this year will get through to a ... MORE
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