The tax on paying your taxes
Have you e-filed your taxes yet? Or did you take the cheaper option and mail them for the cost of a 41-cent stamp?
Sen. Charles Schumer, D-N.Y., doesn’t say which way he filed but, like me, he’s upset about the…
Have you e-filed your taxes yet? Or did you take the cheaper option and mail them for the cost of a 41-cent stamp?
Sen. Charles Schumer, D-N.Y., doesn’t say which way he filed but, like me, he’s upset about the…
The economic stimulus bill that President Bush signed yesterday could blow a big hole in some states’ budgets, according to the Center on Budget and Policy Priorities. For Missouri, the damage could be $98 million.
The culprit isn’t the rebate checks…
When I urged people to save their “stimulus” checks, not spend them, I had no idea that my advice would strike a sympathetic chord with the majority of Americans. But according to a survey just released by American Century Investments,…
Several people have asked me how the government will decide who gets the proposed economic stimulus rebates, which I wrote about in today’s column. Will it be based on last year’s income, a couple of readers asked, or on some estimate…
Russ Roberts, the former Washington U. economist who’s now at George Mason University, makes some very good points about why an economic stimulus package won’t work. In an essay for National Public Radio, he starts with some sound logic:
But…
For the second time in a year, the Show-Me Institute has issued a study that says Missouri should eliminate its income tax.
The new report, by economist R.W. Hafer of Southern Illinois University-Edwardsville, compares Missouri’s economic performance with that of no-income-tax…
Aviva Aron-Dine and Robert Greenstein of the Center for Budget and Policy Priorities are tired of hearing about the “unintended” nature of the alternative minimum tax, which may hit as many as 23 million taxpayers this year. That impact was…
I don’t always applaud class-action suits against big business, but here’s one that has my sympathy. Two law firms, Feldman Shepherd and Cooley & Handy, are suing H&R Block, Intuit and other tax-preparation firms that participate in the IRS’ Free File…
The Tax Policy Center has published an analysis of Rep. Charles Rangel’s sweeping tax bill, and it’s illuminating. Rangel wants to abolish the Alternative Minimum Tax, reduce the top corporate tax rate and increase the standard deduction for individuals. He’d pay for…
The centrist Democrats at the Hamilton Project have a new paper on tax reform in which they lay out six guiding principles: