Taxes have been the subject of a lot of grumbling amongst the general population of every country in history, as far as I know.  Tax collectors were notoriously unpopular, according to the stories in the New Testament.  These days, the overgrown federal government is giving away money to people who are too lazy to work, and making many other forms of payments to individuals, all of which are unconstitutional.  New types of taxes are being added constantly, to support the bloated government's appetite, because the prospect of cutting back on spending is politically out of the question.

Of the many taxes we pay every week, the income tax is the most costly.  Yet the income tax didn't exist until about a hundred years ago, and even the income tax started out as a small inconvenience to the wealthiest people in America.  Taxes today include numerous nickel-and-dime fees that are tacked on to your telephone bill or the price you pay for an oil change or a set of tires.

Let's Curb-Stomp the IRS.  [Scroll down]  Deroy Murdock proposed his 0-10-100 plan back in 2015, and it retains the charm of its simplicity.  100% of adults and corporations would pay 10% on everything from wages to tips to gifts to earnings to capital gains and would get zero deductions.  Nope, not a single deduction, or mission creep would inevitably kick in.  Politically, Murdock's plan might have the best chance, since each side would have to give up something dear.  But it would still require an intrusive tax agency of some kind, which makes it less appealing to me.  More appealing is the Fair Tax, which would eliminate payroll taxes and individual and corporate income taxes.  Washington would be funded instead by a national sales tax — partly offset by a monthly "prebate" paid to every household.  As described by Americans for Fair Taxation, the prebate is "an 'advance refund' at the beginning of each month so that purchases made up to the poverty level are tax-free."  You would take home 100 percent of your pay and determine your tax rate by how much you spend.

Black Democrat Congresswoman Suggests Blacks Shouldn't Pay Taxes.  Democrat congresswoman Jasmine Crockett suggests black people shouldn't pay taxes but then admits it's a dumb idea because they "aren't really paying taxes in the first place."  The comments came during an interview on the "The Black Lawyers Podcast."  "One of the things they propose is black folk not have to pay taxes for a certain amount of time because... that puts money back in your pocket."  [Video clip]

Democrat Rep. Jasmine Crockett:  Black Americans Should [Be Exempt From] Taxes as a Form of Reparations.  Freshman Rep. Jasmine Crockett (D-TX) suggested that black Americans should be exempt from paying taxes as a form of reparations but then said it might not work because of the black people who are "not paying taxes in the first place."  Crockett, who recently made headlines for perpetuating the debunked myth that U.S. border patrol officers "whipped" Haitian migrants, was giving an interview on "The Black Lawyers Podcast" when she brought up the idea.

New Jersey, feds to duke it out in court over $15 congestion pricing toll as Garden State tries to block fee.  The hotly contested issue of whether New York's $15 congestion toll should go forward is hitting a federal courtroom this week as New Jersey seeks to block the measure.  Garden State lawyers will face off against attorneys for the US Department of Transportation, the Federal Highway Administration and the MTA Wednesday and Thursday in a Newark courtroom over whether a sufficient review was conducted to assess the impact of the toll on Jersey drivers.  If the feds win their bid to have the lawsuit tossed out, the new fee will be one step closer to becoming reality, despite a handful of other litigation.

30% of NYC Property Taxes Are Unpaid with No Consequences.  Since the pandemic, more New Yorkers stopped paying their property taxes.  It's attributed to the end of the tax-lien sales program that would go into effect when people didn't pay their taxes.  The notoriously incompetent City Council didn't renew it.  Under that plan, the city was authorized to sell liens on single-family homes and condos after three years of nonpayment; liens on other property types could be sold after one year.  They don't have to and don't seem to care, or they can't because New York is bad for business.  Inflation and regulations are not mentioned but must be part of the problem.  Bloomberg mentions that mandatory regulated rents make it hard for landlords to collect rents.  Overdue property taxes are forecast to reach their highest level ever, jumping by over 30% to more than $880 million at the end of the fiscal year in June from three years ago.  That means New York will bring in less tax revenue since nearly half comes from property tax collections.

Increasing cigarette taxes doesn't make sense.  While there are many good reforms currently under consideration in the Legislature, Nebraskans are right to reject higher sales taxes.  The cigarette tax increase is especially egregious.  Not only would the tax hike disproportionately harm lower-income Nebraskans (who are more likely to purchase cigarettes), it's also fiscally unwise.  Dramatically raising cigarette taxes will incentivize folks to either buy cigarettes that have been smuggled in or cross the state border themselves to purchase them.  As such, it fails to provide a good revenue substitute for property taxes, which are less easily evaded.

MTA chief says $15 congestion pricing is coming to NYC no matter what.  MTA chief Janno Lieber said Friday that like it or not, congestion pricing is happening — as about 100 New York City firefighters and scores of other foes showed up at a public hearing in Manhattan to protest it.  While the hearing was the transit agency's second in two days to supposedly listen to the public over the proposed back-breaking new $15 Midtown toll, Lieber told reporters during a break that any attempts to halt the plan are DOA at this point.  "This is frequently represented like I went on a drinking binge and came up with this idea in funding the MTA,'' the agency's chairman and CEO griped of the Metropolitan Transportation Authority's hotly controversial plan targeting drivers traveling south of 60th Street in Manhattan.

IRS Official Tells O'Keefe Media Group Reporter That the IRS uses AI to Spy on Americans' Bank Accounts.  O'Keefe Media Group has infiltrated the IRS!  According to Alex Mena, an IRS official with the criminal investigations unit in New York, who met with O'Keefe Media Group's undercover journalist, the IRS uses artificial intelligence technology to spy on American citizens and company bank accounts without a warrant or evidence to uncover what they consider fraud.  According to the source, the IRS is "going after the small people" and "destroying people's lives."  All of the agents are "like robots," said Mena.  This is quite ironic, as The Gateway Pundit recently reported that O'Keefe Media Group exposed the No Mas Muertes (No More Deaths) organization, a nonprofit and ministry of the Unitarian Universalist Church of Tucson, for smuggling illegal immigrants from the border in Arizona.  This 501(c)(3) organization holds a tax-exempt status for hundreds of thousands of dollars in donations, but the IRS is targeting innocent Americans!

New Testimony Reveals an IRS Contractor Stole Much More Than Trump's Tax Returns.  In 2019, then IRS contractor Charles Littlejohn stole President Donald Trump's tax returns and illegally leaked them to the media.  They were also given to Democratic operatives.  Last month, Littlejohn was sentenced to five years in prison after pleading guilty to a number of federal crimes.  "Littlejohn accessed tax returns associated with Public Official A (and related individuals and entities) on an IRS database after using broad search parameters designed to conceal the true purpose of his queries.  He then uploaded the tax returns to a private website in order to avoid IRS protocols established to detect and prevent large downloads or uploads from IRS devices or systems.  Littlejohn then saved the tax returns to multiple personal storage devices, including an iPod, before contacting News Organization 1," the Department of Justice details.

Hawaii looking 'to introduce a climate change fee for visitors'.  Visitors to Hawaii may be hit with a new fee, following in the footsteps of other popular holiday locations around the world.  Tourists heading to Hawaii may be slapped with additional entry costs, as the popular holiday destination looks to introduce a climate change fee for visitors.  The new tax, according to the state's Governor, Josh Green, would be introduced as a way to protect beaches and prevent future wildfires.  Mr Green estimates the flat-fee of around $25, which would be charged at hotel check-in or vacation rentals such as holiday homes, and amount to more than $68m annually if passed.

Federal Entitlements and the End of the American Idea.  "Collectivism" and "entitlements" are synonyms if you break the understanding of those words down to brass tacks.  Both could be described as a governmentally-enforced societal responsibility for citizens to provide resources to the government, in order for the government to redistribute the confiscated resources to those whom the government has determined "need" those resources more than the citizens from whom the resources were confiscated.  The power to discriminately confiscate wealth from individual citizens in order to provide for other citizens was, quite purposefully, not enumerated in the Constitution as a power of government.  As such, the Founders likely never imagined that it could be done.  More than any other moment in American history, the Sixteenth Amendment opened the door to America's path to collectivism.

Bill requiring residents to register, pay for pets is likely dead.  A bill that would have required Colorado residents to pay an annual pet registration fee, or face steep penalties for not doing so is dead, according to its sponsor.  Under the legislation, registering every pet, including fish, would have cost residents $8.50 per animal a year.  House Bill 1163 would have required the Department of Agriculture to develop, implement, and maintain an online pet registration system.  In Colorado, with upwards of 60% of households owning a pet, many of them with multiple animals, the cost can increase quickly.

House Republicans Agree To Help Democrats Grow The Welfare State And Shrink The Workforce.  The legislation increases the portion of the subsidy considered refundable — that is, the amount that households can receive as a cash payment over and above any income tax liability they have.  Under current law, $1,600 of the $2,000 subsidy is refundable, but the legislation would increase that threshold to the full $2,000 in 2025.  While this provision, along with the others discussed below, will technically expire in 2025, Democrats will likely move to extend all of them as part of consideration of the Trump tax plan, major portions of which will also expire next year.  While Congress calls this particular program the "child tax credit," the term in many respects constitutes a misnomer, because most of the payments go to individuals who owe no income taxes.  For instance, the Joint Committee on Taxation found that over 91 percent — or $30.6 billion of the $33.5 billion cost — of these changes to the "child tax credit" would come via outlay (i.e., spending) effects, making it much more of a welfare subsidy than a reduction in tax liability.

Don't believe your lying bank register, inflation is all but gone.  The IRS has increased late payment penalties by 167% over the last two years; the IRS does not borrow funds, and it is not charged an interest expense, so whatever it charges for interest is arbitrary and essentially a 100% gross margin whether it is 3% or 8%.  This high rate really harms those who make less.  As far as I can tell, Biden has never suggested that the government reduce any of its taxes or fees.  Why not, if he wants to help the people?  As for wages:  why do they compare gross wages to inflation instead of net wages?  People have to pay 100% of the cost of goods, yet only take home an estimated 65% to 75% of their gross pay — and taxes still have not been reduced.  That is why they come up short each month.

The Supreme Court Case That Could Upend Parts of the Tax Code.  The Supreme Court on Dec. 5 will take up an important but little-noticed case about "unrealized" income that considers the constitutional limitations on federal taxing power.  The case is significant because the court could use it to strike down the Mandatory Repatriation Tax (MRT), also known as the Section 965 transition tax, which was part of the Tax Cuts and Jobs Act approved by the Republican-controlled Congress in 2017 and signed into law by then-President Donald Trump.  Conservative constitutionalists say if the Supreme Court finds that the MRT violates the 16th Amendment to the Constitution, such a legal precedent could prevent Congress from enacting legislation to tax wealth.

Meet the New Dark Age.  [Scroll down]  Taxation remains a focal point.  Regular folks would be much more prosperous and thus live better lives if the metastasizing Dark Age government wasn't using its power to confiscate so much of their money.  As a lad I remember when California raised its sales tax from 3% to 4%.  There were squeals of pain everywhere.  Today the state minimum is 7.25%... plus local add-ons.  "Oh, you've got to account for inflation" would be the justification.  Ahem... sales tax is immune to inflation; it's a percentage of something's price.  If the price goes up because of inflation, the tax goes up directly.  Across the American landscape we have states that have either sales tax or income tax.  California is in the minority in that it has both.

AOC's call for higher taxes on New York's 'top 5%' would hit households earning more than $250K, analysis shows.  Rep. Alexandria Ocasio-Cortez's recent call to raise taxes on New York's highest-earning 5 percent would hit households making $250,000 or more, according to a new analysis.  The firebrand Democrat signed on to a statement issued last month by the New York City Democratic Socialists, calling on the city and state to 'fund resources for all New Yorkers' by raising taxes on the top 5 percent.  In an analysis on Monday for the Wall Street Journal, Tim Hoefer, the CEO of conservative think tank Empire Center for Public Policy, accused the congresswoman of attempting to redefine the term 'rich'.

A look back at the Philly soda tax.  Want a soda?  You'll pay more for one in Philadelphia, because five years ago, local politicians decided to tax it.  They're "protecting" people, they said.  The tax would "reduce obesity" and "lower diabetes rates."  But their main goal was to bring in more money, which they said would "fund early childhood education" and "help a lot of families." [...] Store owners hated the new tax.  "Bad tax!" said Melvin Robinson, who runs Bruno's Pizza.  He says few customers now buy soda from him. [...] As with most taxes, the soda tax had an unintended consequence:  Alcohol sales rose 5%.  "People buy more liquor," I shout at Greenlee.  "Less Coke, more liquor!"  Greenlee laughs and says, "We have a liquor tax, too!"

Gotham's Airheaded Carbon Law.  On Earth Day 2019, then-mayor Bill de Blasio signed the Climate Mobilization Act (Local Law 97) into law, heralding a Green New Deal for New York City.  The measure, committing the city to full carbon neutrality by 2050, represented the most aggressive urban climate-change plan in America.  Its centerpiece provision seeks to cut greenhouse-gas emissions from buildings, a source that constitutes two-thirds of the city's total emissions.  "In one of the great coastal cities of the world, there's a lot we have to do to make sure that life in 2050 will be livable," preached the mayor.  Local Law 97 won't make life in New York more livable in 2050.  On the contrary, starting next year, when its harsh penalties take effect, the law will further raise costs in the world's priciest housing market, force middle-income New Yorkers to subsidize green industries, and — by discouraging newcomers and driving away existing residents — displace emissions to less carbon-efficient jurisdictions.  In exchange for nearly three decades of New York sacrifices, LL97 will reduce global climate emissions by an infinitesimal amount.

Federal revenue falls $416 billion from this time last year despite passage of IRA.  Federal revenue dropped $416 billion compared to this time last year, according to recently released U.S. Treasury Department data, despite the Democrats' passage of their $780 billion Inflation Reduction Act last year.  The legislation, which President Biden signed in August 2022, contained a 15% minimum corporate income tax, which still hasn't been fully implemented by the IRS.  Experts at the Committee for a Responsible Federal Budget and the Tax Foundation told Just the News that most of the revenue raising provisions in the IRA have not taken effect yet but they likely won't raise much revenue given the price-tag of the energy-related tax credits in the bill.  "When they do, they'll raise tens of billions a year — not hundreds of billions — much or all of which will be countered by reduced revenue as a result of the IRA's energy tax credit," said Marc Goldwein, senior vice president and senior policy director at the CRFB, on Monday.

Democrats' proposed wealth tax spells doom for entrepreneurs and economic growth.  A group of far-left lawmakers has introduced yet another bill to soak the rich.  The new bill is called the Oppose Limitless Inequality Growth and Reverse Community Harms Act — the OLIGARCH Act, get it?  It would introduce an entirely new tax on wealth above $120 million, starting at 2% and climbing to 8%.  This new tax would be in addition to the income tax.  Rep. Barbara Lee (D-CA) claims the legislation is designed to "tax extreme wealth, reduce inequality, and combat the threat to democracy posed by aristocracy."  But it would more accurately be described as an economic devastation bill.  Indeed, it should alarm anyone who wants to start a business, build up wealth for retirement, leave an inheritance for their children, or just see the economy grow for everyone.

Democrats demand 1,000% excise tax on 'assault weapons,' high-capacity magazines.  More than two dozen House Democrats put forward legislation Friday that would slap "assault weapons" and high-capacity magazines with a 1,000% excise tax, a change that would raise the price of a $500 weapon to $5,000 in a bid to reduce access to guns across the country.  Rep. Don Beyer, D-Va., and 24 other House Democrats introduced the legislation Friday.  It's the second time Democrats have put forward the idea.  Beyer and 37 Democrats proposed the same idea last year when Democrats controlled the House, but it never moved.

The True Definition of Socialism.  Taxation is the sword and tool of socialism.  It is the fasces of socialism.  The U.S. had no income tax until 1913.  By 1926, in the Roaring Twenties, unfettered capitalism had brought prices down so low that one person, earning the average wage of only $1.24 per hour, could pay off his home in five years, purchase a vacation home, pay that off, and support a family of five all the way through college.  Note that our vacation home boom in resort towns occurred at that time.  So what happened?  Why is our goods-to-price standard of living so much lower and still declining each year?  Franklin Roosevelt increased income taxes for the poor in the lowest income bracket from 4 to 24 percent, in the highest bracket to 94 percent (reducing what we could afford to pay), and corporate taxes to 40 percent (increasing the price we must pay).  This is nonviolent socialism at full throttle.  We became a hybrid capitalist-socialist nation.  Franklin Roosevelt had completed the transformation of the Democrat party into a socialist party, and their occasional moniker is "progressives."

California and New York lose $640 million of tax revenue to migration, as conservative Florida and Texas see coffers boosted by $23.1 billion.  California and New York have lost a combined $640 [million] in tax revenue due to people moving out-of-state, as conservative Florida and Texas see boosts of $23 billion after an influx of movers.  The two states currently top the table with the largest net negative tax income migration, with The Golden State taking the top spot.  In total, California has seen $343 million leave the state, while New York is just under $300 million.

Biden's Awful Plan To Raise Your Taxes To Support Global Socialism.  The Biden administration has just spent two years negotiating with a group of foreign countries to raise taxes on U.S. companies operating overseas.  Now we're being told it's been "delayed" for two more years.  But why delay a bad decision?  It's an awful idea that should be rejected out of hand.  "Americans have already been crushed by inflation caused by the Biden administration," argued West Virginia congresswoman Carol Miller, in a recent op-ed.  "But now, they want to add fuel to the fire by giving American taxes to foreign countries, raising costs for Americans, and sticking us with the bill for funding a global socialist agenda."  Her analysis is spot on.  The U.S. Treasury and White House have no business negotiating a deal to subvert America's sovereignty and erode its economic power, which the accord with the 38-nation Organization for Economic Cooperation and Development (OECD), headquartered in the ultra-deluxe Château de la Muette in Paris, is clearly meant to do.

Seven Truths to Unmask the Regressive Left.  Inflation is stealing your standard of living; as Thomas Sowell said, it is a "quiet but effective way for the government to transfer resources from the people to itself, without raising taxes."  Do you any longer doubt why the government knowingly and dramatically inflates the money supply?  It's evident that some in government and academia want the U.S. economy to tank.  No economic metric affects everyone so broadly as inflation.  The government simply determines how much more to take from you to compensate them for inflation's damage.  The government is always made whole; are you?  It borrows against our children's future.  We have no comparable ability to seize wealth, as does the government — a demonstration of unrestrained evil in action.

Start Walking: NY Cleared to Impose $23 Levy on Drivers Entering City.  Democrat-run New York City is ready to hit residents and visitors alike with a "congestion charge" after federal approval was granted Monday for its first-in-the-nation plan to impose big tolls to drive into the most visited parts of Manhattan.  The program could begin as soon as the spring of 2024, bringing New York City into line with places like London, Singapore, and Stockholm that have implemented similar tax impositions on drivers simply going about their everyday business.  The news was announced within hours of NYC officials ordering pizzerias that use coal or wood-burning ovens to slice their carbon emissions by 75 percent or else face hefty fines, all in the name of protecting the environment.

Great Reset: Macron Suggests International Taxation System to Subsidise Green Agenda.  French President Emmanuel Macron has suggested the imposition of a global taxation system in order to subsidise the green agenda to mitigate climate change.  Speaking at the Summit for a New Global Financing Pact in Paris on Friday, Mr Macron argued that actions from individual governments would be insufficient to deal with the alleged armageddon set to descend upon the world and therefore a new international taxation framework should be established.  "I'm in favour of an international taxation to finance efforts that we have to make to fight poverty and in terms of climate [action]," the French president said in comments reported by POLITICO.

A Look at Society Shows an Orchestrated Decline.  The majority of us, the middle-incomers, pay less than a third of the income tax revenue.  The top 20% pay over two-thirds, and the bottom 20% pay less than 2%.  Yet, we constantly hear how the rich don't pay their "fair share."  How much should they pay?  75%?  100%?  Too often, there is little (if any) rational and unemotional discourse, and greedy whims end up dictating policy, facts [notwithstanding]!  After all, our betters know best.  Such is the root of political demagoguery amplified endlessly, to our detriment.

Taxation Without Representation Meets the 21st Century.  Following the outbreak of Covid-19 in 2020, government orders forced millions of employees to work from home instead of at their usual offices.  These orders accelerated a trend which had already begun toward remote and hybrid work and — three years later — is all but entrenched.  While some companies have begun requiring employees to return to the office, the outdated ways of packing folks into tight cubicles in downtown high rises will never be the same. [...] Most Americans pay state and local income taxes based upon where they reside.  Accordingly, the shift to remote work made no difference to their tax liability.  But some employees are subject to commuter taxes, which are assessed based upon where the work itself is performed.  Commuter taxes raise their own public policy concerns — after all, commuters have no say in how those tax dollars are used because they cannot vote in those jurisdictions.

CPS will use its taxing authority to increase property taxes 5% in Chicago to help funding.  [Thread reader]  At this rate, CPS and the city will just own all our houses soon.  In the private sector, when demand for your product or service declines 20% over a decade, you usually get some sort of restructuring that includes right-sizing costs.  But in the public sector? [...] To be clear, I appreciate and respect teachers.  My wife was once a teacher in CPS and I benefitted immensely from quality public education.  But it's fair to ask — as city tax payers — what we're getting in return for this spending increase.

Colorado Democrats Play Tax Games.  Ever since the state turned Blue, Democrat politicians have been trying to get at the Taxpayer Bill of Rights (TABOR), which is in the Colorado Constitution.  They are at it again.  This time, Democrat legislators and Governor Jared Polis seem to be trying to trick voters into giving away TABOR refunds they are due to get a little property tax relief.  Recently, Coloradoans received property value estimates that show property taxes will go up substantially, even by 30 to 70 percent.

No, a 'Fair Tax' is not a good idea.  Let's take a look at the "Fair Tax" and see how fair it really is.  Yes, it would tax health care and health insurance.  Why would people think United Health Care, Aetna, and other very profitable companies would not only not pay income taxes or payroll taxes, but would also be somehow exempt from the fair tax as well?  Almost everything would be taxed, or else they wouldn't collect the money the federal government supposedly need.

Four Officers Hurt, 6 Teens Arrested After Massive Brawl At Six Flags Theme Park.  Four police officers were injured and six teens were arrested after a fight erupted at Six Flags Great America on Memorial Day.  Gurnee Police Department (GPD) were called to the amusement park at approximately 7:15 p.m. on May 29 for a report of a fight, the department said in a press release the following day.  "Witnesses claimed the fight started between two groups inside the park, near the front gates, and spread to the parking lot," the GPD said.

Goodbye, Minnesota.  I was born in Minneapolis, graduated from the University of Minnesota and have lived in the Twin Cities essentially my entire life. [...] This year, though, I'm moving my residency to Florida. [...] Those reasons start, but don't end, with taxes.  Even in the face of a massive $17 billion surplus, the Minnesota Legislature just raised my sales tax and gas tax, created a new deliveries tax and even flirted with raising my income tax.  Minnesota already has the sixth-highest income tax rate in the country at 9.85%.  Contrast that with Florida, which has no state income tax.  Even so, I could remain comfortable paying around 10% of my net income to Minnesota if I was confident the money would be wisely spent and the rate relatively constant.  But the current trifecta of DFL control in St. Paul boasts that taxes are a "wonderful tool" to fund their new massive growth in state spending on programs like "free" college tuition, which won't be free to me.

The Absurdities of Our Age.  The top federal income tax rate is 37 percent.  In California, to take the example of our largest state, the top state bracket is 13.3 percent.  Income subject to federal payroll taxes is 15.3 percent for the self-employed — and income subject to that crushing take is a whopping $160,200.  The above taxes are well aside from capital gains taxes, sales taxes, property taxes, and fuel taxes, which, along with income taxes, can easily take 50-60 percent of one's middle-class income.  Note that the government not only does not appreciate the crushing extractions but targets for auditing those who pay at that rate.  And all this tax revenue leads to what?  Multitrillion-dollar budget deficits and unsustainable national debt.

Chicago, RIP.  Electing Lori Lightfoot as Mayor of Chicago was the beginning of the end for that city.  Replacing her with someone even more far left is accelerating Chicago's terminal decline.  Tom Bevan notes that the death throes are under way:  [Tweet]  The stupidity is hard to fathom.  A "head tax" on employees means less employment.  The tax on jet fuel will fall, I suppose, on all who fly into or out of O'Hare or Midway airport — yet another reason to avoid the city.  A 3.5% income tax that goes all the way down to $100,000 in income is suicidal.  I have no idea how the city plans to implement a "wealth tax," but it sounds as though a household with a net worth of just $1 million would pay another $4,000 a year.  And the transaction fee will drive banking and investment firms out of the city.  In short, the plan, if enacted, will be a disaster.

Why a Flat Tax Will Never Get Off the Ground.  Every few years, the idea of a flat income tax — with a tax form you could fill out on a postcard — is floated, either in D.C. or in various state houses (though not in the states that are growing massively now because they have no income tax). [...] The concepts are even usually discussed as being cost-neutral — if you pay (net) $1 now, you still pay (net) $1, except its easier and more understandable, saving taxpayers time.  And because everyone could do their taxes themselves, it would actually would come out a bit cheaper.  So why do these ideas die quiet, unceremonious deaths each and every time they come up?  Two reasons:  power and money.  (Everything always seems to come down to those two things.)  As to the money, oddly, it really doesn't involve the government having to give up all that much — remember, the simple tax concepts floated are usually revenue-neutral — so it's not that.  It's about jobs; specifically, good middle-class jobs.

Is Biden's 'Billionaire Tax' Flat out Unconstitutional?  I'm neither a constitutional scholar nor a tax attorney, but as a 30-year professional money manager and tax-planning guy, I can't see how Joe Biden's non-income-based Billionaire Tax comes even close to being constitutional.  Not that constitutionality has ever phased the woefully inept president, but I'm just sayin'.  While Biden's plan to squeeze billionaires will be DOA in Kevin McCarthy's Republican-controlled House, it's worthy of discussion, for the simple reason that if the Democrats end up with control of both chambers and the White House after the 2024 election, hello billionaire tax.

IRS audit finds 42,000 feds cheating on taxes.  More than 42,000 federal employees "repeatedly" failed to file their taxes with the IRS, according to a new audit that said the government is limited in its ability to punish the cheats.  Known as "federal employee nonfilers," the cases are considered particularly egregious since they involve those paid by taxpayer money but shirking taxpayer obligations.  But the IRS devotes little effort to targeting federal nonfilers, according to the Treasury Inspector General for Tax Administration.  And the law restricts how much information the IRS can share with other federal agencies, so they're limited in their ability to prod or punish the employees, the audit found.

IRS Alerts Taxpayers They Must Answer a New Question on Tax Forms or Face Consequences.  The Internal Revenue Service (IRS) issued an alert to taxpayers on Tuesday, reminding them that they must report all digital asset-related income and answer a new digital asset question on their 2022 federal income tax return or face consequences such as delayed refunds or even penalties.  The IRS said in a Jan. 24 release that a key change on 1040 forms this year is that the agency has replaced the term "virtual currency" with "digital assets," in addition to some other modifications to the wording.  The "Yes" or "No" question, which was expanded and revised this year to update terminology, reads as follows:  "At any time during 2022, did you: (a) receive (as a reward, award or payment for property or services); or (b) sell, exchange, gift or otherwise dispose of a digital asset (or a financial interest in a digital asset)?"

California Lawmakers Move to Tax People Who Have Left the State.  California lawmakers appear intent on making the Eagles song Hotel California a reality[,] at least when it comes to taxes for those who try to flee the state.  At the Hotel California, "you can check-out any time you like, but you can never leave!" With soaring costs and a massive $24 billion deficit, the state is also facing an exodus of people leaving the state.  The solution?  Convert the state into a tax Venus flytrap:  not only impose a wealth tax on those caught in the state but tax those who try to leave.  The new bill introduced by Democratic Assemblyman Alex Lee would impose an extra annual 1.5% tax on those with a "worldwide net worth" above $1 billion, starting as early as January 2024.  The law has a cynical bait-and-switch provision.  The billionaire tax is just meant for the initial packaging and passage.  It can therefore be sold as a "billionaire's tax."  However, in two years, the threshold drops to a worldwide net worth exceeding $50 million.

Reducing the Deficits of the Federal Government.  It has again become openly fashionable to rhetorically complain about excessive government spending.  One can wax eloquent about the fundamental insincerity of the complaint, but this misses a rather elemental and important point:  it is possible to reduce the ongoing deficits of the Federal government.  The simple mechanism for doing so is tax cuts.  I have written about this previously, illustrating that every tax cut ever enacted since John F. Kennedy has increased revenue to the Federal government.  Now it must be said and almost always is pointed out among critics that in the first year of collection, revenues go down.  But what is absolutely clear is that within less than five years, government revenues increase dramatically.  The growth of federal deficits over the past 60 years is directly attributable to excessive spending and not to a lack of revenue.

Are House Republicans serious about a 30% national sales tax?  Answer:  Maybe, but not all by itself.  That makes the sales pitch not just fraught but entirely hypothetical — and a political headache for the GOP and Kevin McCarthy.  Republicans campaigned last cycle, as they have in the past, on tax reforms that would either eliminate the IRS or render it nothing more than a bookkeeping function.  As Semafor notes, the most popular two proposals for this promise are the flat tax and the so-called Fair Tax, both of which have floated around Washington DC for decades.  Neither proposal has a prayer of getting into law this session, and one of them requires an even greater task than just getting a majority House vote: [...]

Why Government Can't Be Compassionate.  Compassion is a wonderful quality, but not in every situation.  It is not good to be compassionate during war, or preparation for war.  Or in business dealings.  Or in education and training (to paraphrase T.S. Eliot, no student should ever be denied the right to fail).  Or in government in general.  For a government to be compassionate, it must obtain the necessary revenue to fund that compassion.  To do so in a meaningful way, government needs, at a minimum, for these purposes alone, somewhere between twenty and thirty percent of its citizens' income, the amount claimed in Europe and Canada for welfare-associated spending.  And this on top of what is needed for routine operations of government:  policing, courts, military, infrastructure, and public education.  In welfare states like France, with its marginal rate of 55.4%, affluent citizens are forced to hand over more than half of their earnings.  The more successful one is, the more one is taxed.  At one point, the French government discussed imposing a marginal rate of 100% or more, taxing not just all of one's earnings but seizing one's capital as well.

Uncollected sales taxes and vehicle license fees.  Thanks to its lenient shoplifting laws, California (or, as I think of it, Commiefornia) is almost certainly losing substantial revenue.  Yet the same state that fanatically collects vehicle registration fees seems unperturbed by these other losses.  In Arizona, the sales tax is called a "transaction privilege tax," and retail businesses are required to collect that tax when selling taxable items if they are to keep their business license.  (Yes, the sales tax is really called "transaction privilege tax.")  State sales tax, when combined with city or town taxes and any other local entities that join the sales tax grift, usually total more than 10% in most communities.  One of the local small cities even charges a 3% sales tax on otherwise tax-exempt groceries.  The merchants' obligation to fund the government with every sale of taxable goods leads me to conclude that, when a thief steals from the retailer, not only is the retailer taking a loss but so are the government entities that do not receive their taxes.

London mayor to impose daily fines on motorists.  Sadiq Khan, current Mayor of London and WEF member, is set to impose £12.50 daily fines to all motorists who enter or commute through the greater city of London.  The Mayor has announced that the Ultra Low Emission Zone (ULEZ) will be expanded across all London boroughs from August 2023, as per the Greater London Authority website.  London commuters and residents who drive 'non-compliant' vehicles will be dinged daily.  Khan described the decision as "one of the toughest decisions" he's taken as mayor, but insisted millions from the bustling city will benefit from the cleaner air.  The Ultra Low Emission Zone, or ULEZ for short, was introduced in 2019 as a means to ensure that vehicles meet emission standards set for the city, lest their drivers pay a daily surcharge.  Though pollution levels have decreased since the introduction of ULEZ, Khan claims that there is still "far too much toxic air pollution permanently damaging the health of young Londoners and leading to thousands of early deaths every year."

The Editor says...
Is the air in London really that bad, or is this just a way to skim money from nearly everybody?  This decree might be about control, or money, or electric cars, but I doubt if it's really about air quality.

The Worst Generation of Political Elites Ever.  In other words, in one generation America's finances have been ruined, at every level of government.  From a fiscal point of view, this is undoubtedly America's worst generation ever.  In our brief case study:  city spending went from $36.3 billion to $101.1 billion; the state from $79.7 billion to $222 billion; and the federal government from $2.0 trillion to $6.0 trillion — and the ultimate funding source, U.S. public debt, from $5.7 trillion to $30.6 trillion.  Among economists it was understood, and widely agreed upon, that public debt should never exceed 70% of GDP.  And yet here we are at 121%, higher than at the peak of WWII, rising rapidly, unsustainably, as far as the eye can see.  The Congressional Budget Office forecasts 2052 debt at 185% of GDP.  And make no mistake.  No amount of taxation can fix this problem, even leaving aside the ruinous impact of excess taxation on incentives, growth capital, innovation, personal freedom and prosperity.

Americans Spent More on Taxes in 2021 Than on Food, Clothing and Health Care Combined.  According to newly released data from the Bureau of Labor Statistics, Americans in 2021 once again spent more on average on taxes than they did on food, clothing and health care combined.  During 2021, according to Table R-1 in the BLS' Consumer Expenditure Survey, American "consumer units" spent an average of $15,495.28 on food, clothing and health care combined, while paying an average of $16,729.73 in total taxes to federal, state and local governments.

Revisiting the Flat Tax.  The next time Republicans control all three branches of government they may wish to visit an old idea — the flat tax.  When magazine publisher and Republican Steve Forbes ran for president in 1996, the flat tax was at the heart of his campaign.  Forbes lost the nomination to Bob Dole, who lost the election to Bill Clinton.  Coupled with a serious reduction in wasteful and unnecessary spending, a flat tax could revive the economy for decades to come.  Forbes proposed a 17 percent flat tax with generous exemptions of $13,000 for each adult and $5,000 for each child.  He proposed eliminating "unfair double taxation of personal savings, Social Security, pensions, capital gains, and dividend income (effectively turning) all savings and investment accounts into Roth IRAs:  You deposit after-tax income, let your money multiply in value with compound interest, and then withdraw your money tax-free."  Forbes also wanted to erase the "The unfair alternative minimum tax and 'death' taxes, calling them "regressive taxes that hurt working families, small business owners and especially farmers who want to pass their farms on to their children."

Progressive Carbon Taxes Roll Back Progress on Conservation.  Consider the American income tax system.  Not all income is taxed the same — recognizing differences in the nature of income, and in the policies favored regarding certain investment or business practices, means that income is divided into different categories.  The three chief categories are earned (active) income, portfolio income, and passive income. [...] Carbon taxes are use taxes — they are applied like flat (regressive) taxes, on all carbon use without distinction.  These are generally levied against fossil fuels like natural gas, fuel oil, or gasoline, but also on electricity use.  These are essentially "sin taxes" designed to curtail or reduce use of these commodities to "save the planet."  In truth these will do no such thing, and do little if anything to actually curtail consumption. [...] It is most definitely not equitable whatsoever.  In classic regressive fashion, progressives who tax these fuels shift the greatest burden onto those least able to bear it.

Manchin-Schumer 15% tax on 'book income' was tried and ditched in 1980s.  The United States currently has a 21% corporate tax rate, which it assesses based on companies' tax returns.  The new proposal would assess a minimum 15% tax on the adjusted financial statement income of corporations:  book income.  The idea isn't a new one, and in fact, it has been experimented with.  A common refrain among the Democrats is that some corporations are able to slide by with paying little or no effective taxes.  Similar complaints four decades ago helped give rise to the Business Untaxed Reported Profits adjustment in the 1986 Tax Reform Act.

$3,835,390,000,000: Federal Tax Collections Set Record Through June.  The federal government hauled in a record $3,835,390,000,000 in total taxes in the first nine months of fiscal 2022 (October through June), according to the Monthly Treasury Statement.  That was up $502,438,730,000 — or 15.07 percent — from the then-record $3,332,951,270,000 (in constant June 2022 dollars) that the federal government collected in taxes in the first nine months of fiscal 2021.

California Decides This Is a Great Time to Raise the State Gasoline Tax.  This morning [6/20/2022], the national average price for a gallon of regular gasoline has dropped a few pennies from the all-time high on June 14; on that date it was $5.01, and this morning it is $4.98, according to the American Automobile Association.  Certain states are much higher; in California, the statewide average price for a gallon of regular gasoline is $6.39.  Naturally, at the end of the month, the state government of California will increase the state tax on gasoline, from 51 cents per gallon to 53.9 cents.  California has the highest taxes on gasoline.  This is separate from the environmental regulations that make gasoline more expensive in California:  ["]California's reformulated gasoline program is more stringent than that of the federal government — California gasoline must use a different formula in warmer weather in an effort to curb pollution.  As a result, gas prices in the state are typically higher and more variable because few supply sources outside of the state are able to offer California's unique blend of gasoline.["] [...] As the recent supply chain crisis helped illustrate, more than 40 percent of the container cargo in the U.S. passes through California ports.  Meaning that everything you buy that passes through California is influenced by the price of diesel fuel in the Golden State.

Portland Maine increases taxes to help asylum seekers, homeless.  With inflation up more than 8 percent, Mainers are now paying record-high prices for food, gasoline, utilities and more.  Despite that, the Portland City Council approved a 4.8 percent property tax increase for the fiscal year starting in July.  "We realize that people are feeling it at the gas pump, at the grocery store," Portland Mayor Kate Snyder said.  "Inflation is real, and it's real here for the City of Portland, too, as we look to retain employees.  Costs of everything has gone up.  So, these are difficult times."  The city's new $269 million budget is up nearly 27 percent over last year, largely due to inflation and the cost of housing about 1,200 asylum-seekers and 500 people experiencing homelessness.

Luxury and corporate jets to receive special exemptions from European Union aviation fuel tax.  The European Union (EU) is currently working on a plan to impose an EU-wide minimum tax rate on fuels necessary for aviation in the pursuit of combating climate change.  However, the proposed tax policy has special carve-outs for luxury private jets.  The Irish Times reported that executive jets would escape plans to tax polluting aviation fuels according to the draft proposal that was presented by the European Commission.  Reportedly, the European Commission plans to strictly enforce a new minimum tax rate on "aviation fuels, as it seeks to meet more ambitious targets to fight climate change." Historically, aviation fuels have largely avoided EU fuel taxes.

Patrisse Cullors:  Martyr to the IRS.  Patrisse Cullors admits she's made a "few mistakes" as the ugly headlines continue to mount over her scandalous spending as the disgraced former leader of Black Lives Matter.  She attempted to keep a lid on her self-authorized spending for several years, but the IRS simply couldn't be ignored for another fiscal year.  (The group hadn't filed since 2017 and was forced to halt collection of donations.)  Once the bad news broke in a public tax filing last week, Cullors couldn't be bothered to address the allegations of her being at the center of a multi-million dollar grifter project, but rather she doubled down on the absurd claim of being cast in the role of "victim."  "Weaponizing against black women," was the ex-leader's way of explaining the IRS's routine demand for a 990 form from the world-famous "social justice" network for purposes of fiscal accountability.

Fed Chair Jerome Powell:  We won't hesitate to raise rates to tame inflation.  The US central bank is in the midst of a "whatever it takes" moment when it comes to inflation, but if Fed officials had known how high inflation would rise, they would have changed their course on policy earlier, Fed Chairman Jerome Powell said Tuesday.  "In hindsight, it would have been better to raise rates earlier," Powell said in an interview at the Wall Street Journal's Future of Everything event.  The central bank raised its benchmark interest rate by a half-percentage point earlier this month, following a smaller rate hike in March, in order to get a handle on the highest inflation in 40 years.

Home Theft.  Did you know that in some states, if you miss one tax payment, local politicians will take your home, sell it and keep all the profits?  Really.  Tawanda Hall was behind on her taxes.  She was on a payment plan but had missed $900.  She didn't expect Southfield, Michigan, to take her entire house because of that.  It was worth $286,000 more than what she owed.  "I'm still in shock," says Tawanda Hall in my new video.  "They took my whole house, my whole family's livelihood."  John Bursch, a lawyer for the county, says while this practice may sound unfair (yes, it sure does), "It's also unfair to force those who pay their taxes to subsidize those who don't."

California to raise its gas tax, already the highest in the nation.  California lawmakers appear unlikely to pause the annual summer increase in the state's gasoline tax ahead of a May 1 deadline, Gov. Gavin Newsom's office said on Monday [425/2022]. Newsom, a Democrat, had previously expressed support for helping California motorists experiencing pain at the pump by waiting to implement a 5.6% tax hike scheduled to take effect on July 1.  The tax is used to fund roads and other infrastructure projects; the state's Legislative Analyst's Office projected the tax will generate about $8.8 billion in revenue during the 2021-22 fiscal year.

Rhode Island Dems Introduce Bill To Double Income Taxes For Parents Of Unvaccinated Children.  Just as pandemic restrictions were starting to ease across the country, some areas have started to re-introduce mask mandates.  Philadelphia was the first major city to do so last week.  Now, Democrats in the state of Rhode Island want to impose a monthly fine of $50 for parents of unvaccinated children and double their state income taxes.  The bill was introduced by State Senator Sam Bell, who even gets flak from his Democratic colleagues in the state legislature for being radical and divisive.  Bell justified the bill by saying that there is support for vaccine mandates in the state, despite the fact that it's a clear violation of civil liberties for the unvaccinated.

Don't Be Fooled by Biden's 'Only Taxing the Rich' Claims.  On the campaign trail, then-presidential candidate Joe Biden claimed dozens of times that the 98% of Americans earning less than $400,000 per year wouldn't pay a penny more in taxes if he was elected.  Apparently, the federal government could spend trillions more on a big government social agenda at no cost to the average American.  To some, that may sound like a great deal.  But if 15 months of the Biden presidency have taught us anything, it's that nothing he promises is free.  In 2021, the Biden administration and Congress spent with reckless abandon, unnecessarily racking up $2.8 trillion of new debt.  Although their attempts to directly raise taxes on working Americans were mostly blocked or stalled, their deficit-fueled spending contributed to an enormous indirect tax on all Americans in the form of 7.9% annual inflation.

Biden goes after billionaires.  President Joe Biden is reportedly planning to propose a new 'minimum tax' targeting billionaires, establishing a 20 percent levy on all American households worth more than $100 million.  The White House plans to unveil the 'Billionaire Minimum Income Tax' on Monday as part of Biden's 2023 budget plan, according to the Washington Post.  But it would have to pass through Congress to become law, and would likely face stiff opposition from some quarters.  The proposal aims to close a purported loophole that benefits the nation's 700-odd billionaires, many of whom have most of their wealth in stock, which is not taxed until it is sold for a profit.

New Yorkers confirm:  High taxes are pushing them to flee the state in droves.  A new poll could spell big trouble for New York:  Nearly four of every 10 voters here are thinking of fleeing.  Their No. 1 reason:  high taxes.  The survey, released this month by Zogby, found that 38.9% of voters are "considering" or already have "made plans" to head out, up five points from a month earlier.  If even just half do, New York could lose millions of residents and enormous political clout, not to mention the tax revenue these folks pay.  Most notably, a stunning 36.7% say their top reason for wanting out is that taxes are "too high," a gripe more people cited than any other.  Even a quarter of "progressives," 32% of "liberals" and 38% of "moderates" cite high taxes as their strongest motivation to leave.

Taxes [are] Nearly 25% of What Illinois Drivers Pay at the Pump.  As gas prices nationwide continue to rise, Illinoisans are forced to pay even more thanks to notoriously high gas taxes that rank No. 2 in the nation.  One big culprit is Gov. J.B Pritzker.  He doubled the state gas tax in 2019 and allowed further increases in local gas taxes, adding $3.50 to every 15-gallon tank of gas, or $0.23 to every gallon for Chicago drivers.  Illinois' average gas price has reached $4.53, over a quarter more than the national average of $4.25, according to AAA.  Gas prices in Chicago are even higher at $4.77, adding more pain to motorists.

Another Industry Destroyed by Taxes.  Marijuana is cheap and easy to grow.  Legal sellers complain that police do little to enforce the laws against illegal dope, but once the government declares marijuana to be A-OK, there isn't much reason to prioritize a crackdown on those who sell a legal product but dodge taxes.  The case against legalized marijuana having been abandoned, legal sellers are in somewhat the same position as the taxi companies who tried to get Uber and Lyft banned in various cities.  The industry is trying to get tax relief, which would undermine a chief rationale for legalization: the prospect of massive tax revenue.

Democrats' Gas Tax Gimmick Is Beyond Stupid.  Except in the months preceding a crucial midterm election, today's Democrats would argue that high gas prices are a good thing.  They see gas prices as a Pigouvian tax on fossil fuels that accelerate the shift to renewable "green" energy.  Regulatory and legislative actions such as killing the Keystone Pipeline early last year, and closing off federal lands for oil drilling, were made by the Biden Administration and its congressional cohorts knowing full well such decisions would raise gas prices for consumers.  Democrats were okay with that, until their polling numbers began dipping into the frigid zone.  It appears now to have dawned on them that higher gas pump prices are a ballot box killer; this year in particular with Joe Biden's poll numbers deeper underground than oil shale.  This has left Democrats scrambling to find a way to explain to voters how paying more at the pump is a positive part of their environment masterplan, resulting in one of the dumbest proposals to come out of Congress in decades — which is saying something.

Americans ditched high-tax Democrat-run states for low-tax or no-tax havens mostly governed by Republicans during pandemic.  The great migration during the pandemic has seen Americans flee high-tax Democrat-run states and flock to Republican-led low-tax or no-income-tax states, a study by The Tax Foundation found.  'People move to states with low-income tax for a multitude of reasons, sometimes it's the most direct and obvious reason that it reduces their own tax liability,' the vice president of state projects at the Tax Foundation, Jared Walczak, told Yahoo.  'Especially now that people have more capacity to move where they want, that will be a higher priority for some,' he added.  The analysis contrasted data from the US Census Bureau released last year, along with commercial datasets released this week by U-Haul and United Van Lines.  Low or no-personal-income [tax] states such as Utah, Montana, Arizona, South Carolina, Delaware, Texas, Nevada, Florida, and North Carolina all saw population gains of 1 percent or more.

Washington State One Step Closer to Driving Out All Its Billionaires.  Washington State took a big step this week towards passing a "wealth tax" on the state's richest residents.  The state — home to uberwealthy Jeff Bezos and Bill Gates, among others — is holding senate hearings on SB 5426, which would portion a 1% tax on "paper wealth" like stocks, bonds, futures, and publicly traded options.  I'm reading the text of the bill right now, and about the first 15-20% of it isn't even actual law.  It's nothing but happy talk, like "Washington has long led the way with innovative and bold ideas that have changed the world."

Most Tax Credits Are Bad Tax Policy.  Conservatives in Congress face a false choice:  Extend unwarranted tax breaks to a few politically favored entities or allow the federal government to collect even more taxes to feed more reckless government spending.  From that lens, it's unsurprising that some choose to renew the tax breaks, even though it goes against a fundamental principle of prohibiting government from picking economic winners and losers.  But conservative members of Congress must recognize that if the federal government stays on its current path — having accumulated $6.6 trillion of new debt in the last two years alone — they'll get the worst of both worlds.  Unsustainable budget deficits will wrongly push Congress to dramatically increase taxes while the U.S. tax code remains littered with tax breaks for a favored few.  The best of both worlds is also possible — if Congress will act quickly to stop America's fiscal problem at the source.  Congress can do this by curtailing runaway federal spending and making necessary reforms to entitlement programs.

California's government is wiping out its pot growers.  When California made pot legal, the theory was that pot had become such a normalized part of California culture that it should be treated like alcohol:  Adults should be able to buy and use it legally subject to restrictions.  However, California also decided to turn pot into a profit center...for California.  Therefore, it imposes a cultivation tax on growers as well as a 15% excise tax rate on consumers for any legal pot purchases.  California also controls the allowed mark-up rate, which stands at 80%.  With the state having imposed these stringent price controls on legal marijuana, is it any surprise that pot growers are going broke?

Elon Musk says he will pay more than $11 billion in taxes this year — after Elizabeth Warren called him 'the world's richest freeloader'.  Elon Musk has claimed he will pay more than $11 billion in taxes this year after Elizabeth Warren accused him of 'freeloading' in bitter war of words.  The Tesla CEO, 50, took to Twitter to claim he would be paying billions of dollars in taxes this year following a row with Massachusetts Sen. Warren over his taxes.  He wrote: 'For those wondering, I will pay over $11 billion in taxes this year.'  Musk could face a tax bill of more than $10 billion in 2021, which could be the largest individual payment to the Internal Revenue Service, according to calculations by Bloomberg News.

Taxing Wealth Is Sure-Fire Way to End Up With Less Wealthy Society.  In 1696, England instituted a window tax, which determined household taxes based on the number of windows in the home.  The tax was intended to target wealthier households who would theoretically have more windows in their homes.  The tax was ineffective.  To avoid paying the tax, new buildings included fewer windows and citizens bricked up their windows in existing buildings.  The resulting lack of indoor ventilation even led to a stark increase in disease.  Whenever government directs a tax at a narrow set of items or people, it will soon find there is less to tax than there used to be.  Just as the window tax reduced the number of windows in Europe, if the United States institutes new taxes on wealth or capital gains, it will reduce wealth.

Biden's social welfare bill estimated to raise taxes 30% on middle class, cut them for millionaires.  President Biden's mammoth social welfare and climate change bill is poised to raise taxes on the middle class, while giving lucrative breaks for the super-wealthy, according to a new study.  Nearly 30% of lower- and middle-class households would pay more in taxes starting next year if the bill became law, according to the study by the liberal-leaning Tax Policy Center, a project of the Brookings Institution and Urban Institute.  The report is an in-depth analysis of the tax increases that House Democrats want to see included in the multitrillion-dollar legislation.  Although the tax increases start small, they grow massively by the end of the decade.

8 big problems with Biden's 'Build Back Better' bill.  [#4] The House bill would hike the cap on the state and local tax (SALT) deduction from $10,000 all the way to $72,500.  This $500 billion tax cut (relative to keeping the $10,000 cap) would provide 84 percent of its benefits to the top-earning 10 percent of households (saving as much as $19,000 each), while the typical median-earning family would save just $20.  And Democrats say Republicans are the party of the rich!  The result is that — even with other new tax hikes — many wealthy families could see a net tax cut in this bill.  No, capping SALT is not about forcing blue states to subsidize red states.  States don't pay taxes, individuals do.

Build Back Better would make US income tax rate highest in developed world.  President Biden's Build Back Better agenda would hike the average top tax rate on personal income in the United States to the highest level in the developed world, according to an analysis by the Tax Foundation.  The $1.75 trillion proposal currently before the House of Representatives would end up raising the average top tax rate on personal income in the US to a whopping 57.4 percent, the highest in the 38-member Organisation for Economic Co-operation and Development, according to the analysis.  That's up from the US' current nationwide average top tax rate of 42.9 percent, which lands squarely in the middle when compared with the other OECD countries, according to the Tax Foundation, a Washington, DC-based think tank.

Colorado Gov. Jared Polis paid little or no federal taxes for years, report says.  Colorado Gov. Jared Polis, a wealthy tech entrepreneur worth hundreds of millions of dollars, paid little or no federal income taxes in the nine years before the Democrat was elected governor, by taking advantage of loopholes that aren't available to most taxpayers, according to a ProPublica report published Thursday [11/4/2021].  Polis paid nothing in federal income taxes from 2013 to 2015 and paid an effective rate of 8.2% from 2010 to 2018, substantially lower than the 19% paid by a taxpayer who made $45,000 in 2018, the report found.  The bombshell report is the latest revelation based on thousands of IRS records obtained earlier this year by the nonprofit newsroom.

This Can't Be True.  Just when you think it couldn't get any worse, that they can't be serious, that it seems as if the "Biden" administration's sole goal is to make each person's life as wretchedly painful as possible, BAM! — another incredible misery warhead detonates on our reality. [...] Progressives have proposed new taxes on unrealized capital gains and Roth IRAs.  This is a betrayal of the American people, pure and simple.  Millions of people have invested and planned their family's finances in good faith based on the rules that were in effect at the time of the original investment.  Now Progressives want to change the rules after the game has started?  This is beyond belief.

Beware The Government That Wants to Tax "Unrealized Capital Gains".  Taxing "unrealized capital gains" sounds like a catchy and obscure way to make wealthy people pay more in taxes, but it doesn't work.  A government that moves in this direction ignores the reality that people are not static.  The process also involves "taxing wealth" which then becomes an arbitrary definition.  Unrealized capital gains are not income, they are simply increases in value.  If your home was worth $200,000 last year and $300,000 this year, you have an unrealized capital gain of $100k.  A 15% tax bill on that value increase means the homeowner would have to pay $15,000 to the IRS.  Joe Biden is proposing to pay for his multi-trillion expansion in debt through this type of tax upon billionaires.  Treasury Secretary Janet Yellen admitted this was part of their thinking to help pay for the Biden budget last Sunday.

Why Democrats' Scheme to Tax Unrealized Capital Gains Should Terrify You.  Our current secretary of the Treasury, Janet Yellen, is busy trying to find a way to tax wealth without calling it taxing wealth.  She has eyes on taxing unrealized capital gains.  What this means simply is taxing people for money they have not earned or received.  That's it in a nutshell.  That definition should leave even those who have never had a course in accounting or finance shaken.  Not only is Janet Yellen considering this, but the Democrat party is on board as well.  Democrats claim that it is needed in order to pay for their agenda.  You know — the one that President Biden says pays for itself.  The idea of taxing you for the income you have not made is also a policy speaker of the House Nancy Pelosi proposes.

Proposals like this always start small, and then the percentages and dimensions gradually increase.
Biden unveils new billionaire's tax plan aimed at the 0.0002%, which will force them to pay annual levies on their stocks and bonds.  President Biden and Senate Democrats are drafting a plan that would tax the stocks and bonds of the wealthiest 0.0002 percent, an idea popularized in some 2020 campaigns but still not fully supported within the Democratic Party.  The new 'Billionaire Income Tax' is being written by Senate Finance Committee Chairman Ron Wyden, a Democrat from Oregon, with input from the Treasury Department and the White House.  As it stands, billionaires use much of their money to buy assets like stocks, which are currently only taxed when they are sold.  The new plan would levy annual taxes on those assets for the ultra-rich while they're still in the hands of their owners.

61% Of Americans paid no federal income taxes in 2020? Who's greedy?  Incredibly, in 2020, approximately 61% of Americans paid no federal income taxes, according to the Tax Policy Center.  Therefore, approximately 39% of Americans paid all federal income taxes.  They are rewarded for this staggering largess by being told they need to "pay their fair share."  Their "fair share," one might logically surmise, would be around 39% of the federal income taxes paid, not 100%.  The top 20% of income earners pay about 67% of federal taxes.  "Progressive," you know.  They should be lauded as pillars of the community, as not only the most productive, but the most charitable folks in society.  (Whether they wanted to be or not.)  Instead, they are called "greedy" by the self-same people who receive the benefits of this mass income redistribution.

Court upholds Trump law limiting state tax deductions.  A federal appeals court Tuesday [10/5/2021] unanimously rejected a suit filed by ex-Gov. Andrew Cuomo to overturn a tax overhaul law approved by former President Donald Trump in 2017 that limited federal deductions on state and local taxes.  The $1.5 trillion law imposed a $10,000 cap on itemized SALT deductions that taxpayers could write-off on their federal returns, which provided Trump and the then-Republican-led Congress more revenues to pay for other federal tax cuts.  The SALT cap largely affects the wealthiest taxpayers in high tax Democratic states in the Northeast — New York and New Jersey, and Connecticut, as well as California.  The Trump tax reform cut taxes for wealthy Americans and dramatically slashed the corporate tax rate from 35 percent to 21 percent.  But many low and moderate income taxpayers also benefited from the Trump-era federal tax cuts.

'Tax' is used 1,829 times, and more things you'll find scanning Dems' latest $3.5 trillion spending bill.  Democrats are being called out for claiming that their $3.5 trillion "Build Back Better" bill will somehow "help families get ahead," despite it being loaded with taxes that experts say will ultimately leave America and its citizens significantly poorer.  Tom Elliott, the founder of Grabien Media, discovered that the $3.5 trillion "reconciliation" bill contains 1,829 instances of the word "tax," 69 instances of the word "taxes" and seven instances of the word "taxation."  [Tweet]  All this "taxation," he added, will be used to fund more than just free giveaways.  It'll also be used to fund "woke" nonsense.

Democrats weigh first nationwide fee on plastic in U.S. budget negotiations.  U.S. congressional Democrats are considering including the first federal fee to tackle plastic pollution in the multi-trillion-dollar reconciliation bill, a proposal that is drawing opposition from the plastics and petrochemical industry.  Senator Sheldon Whitehouse and Representative Tom Suozzi are in talks with other Democrats to include their REDUCE Act as a source of revenue in the reconciliation bill.  It would impose a 20-cent-per-pound fee on virgin — or new — plastic for single-use products such as plastic bags and beverage containers.  The proposal is among a slew of money raisers being considered by the White House and Democrats to pay for a package that includes provisions aimed at tackling climate change and expanding the public safety net.  The measure, which Democrats aim to pass without Republican support, is a pillar of President Joe Biden's domestic agenda.

The Editor says...
This is a tax on everything that contains plastic, which is nearly everything, and the resulting revenue is to be spent on fighting the weather and giving money to those who are too lazy to work.

GOP Sen. Hagerty:  Dems 'Waging War' On Capitalism Through Tax System.  During a Sunday [9/26/2021] interview on Fox News Channel's "The Next Revolution," Sen. Bill Hagerty (R-TN) sounded off on the Democrats' massive $3.5 trillion spending bill.  Hagerty argued that Democrats are "waging war on American capitalists" through the tax system.  He lamented that President Joe Biden is in "lockstep" with the far-left wing of the Democratic Party.  "It's the biggest bait and switch I think that we've seen in American politics," Hagerty declared.  "If you look at how Joe Biden campaigned in 2020 as a moderate, as a centrist versus what we are getting, Bernie Sanders is the author of this $3.5 trillion socialist debt bomb that they're unleashing."

Joe Biden:  Tax Tyrant, Tax Cheat, Tax Hypocrite.  If there were any doubts that the Democrats are closeted authoritarians who sometimes crack the door and reveal their urge to rule like autocrats, all should have been removed last week when President Joe Biden yapped about federal tax policy.  "I'm running to change the dynamic of how the economy grows," he said.  "I'm tired of trickle-down.  Trillionaires and billionaires are doing very, very well." [...] Biden was elected to be the CEO of the federal government, and to "preserve, protect and defend" the Constitution, not to carry out his personal preferences.  Furthermore, Biden has neither the moral nor constitutional license to meddle in private affairs and employ authoritarian means to abolish something simply because he's tired of it.  He is not a king whose whims are law.

Why not a flat tax?  The U.S. tax code is gargantuan and convoluted beyond all human comprehension.  According to the Tax Foundation, if you count the actual tax laws, you end up with over 2,600 pages.  But if you add the IRS regulations and clarifications, you get another roughly 9,000 pages.  Finally, if you then add tax case law, you get 70,000 more pages.  Considering such vast complexity, it doesn't really matter what basic tax rates are.  There is a widespread and legitimate feeling that people who can afford shrewd attorneys will always find loopholes, and therefore nothing much will change.  This alone does not engender among the populace any sense that our tax code is just and equitable.  And now the Biden administration wants to require all banks to report financial information to the IRS on any customer whose total account inflow and/or outflow exceeds $600 in a year.  Perhaps a few childhood lemonade stands would be exempt from such invasive IRS snooping, but that's about all.

Don't buy the hype. Wealthy, big corporations do pay their fair share of taxes.  [Scroll down]  By contrast, the latest data from the Congressional Budget Office shows that in 2018, the year after the Tax Cuts and Jobs Act (TCJA) lowered taxes for every income group, the share of income taxes paid by the top 1% of taxpayers reached a near-record high of 41.7%.  The same group paid almost 26% of all federal taxes, twice the share paid by the bottom 60% of Americans combined.

Biden's Budget: The Road to Serfdom.  In President Biden's budget speech Thursday, he referred on eight separate occasions to "pay their fair share."  He just kept repeating it.  Some left-wing pollster probably told him that it plays well in progressive precincts.  As you may have guessed, this performance and its content got under my skin.  Mr. Biden is always blaming businesses and wealthy successful individuals.  Always blaming them.  And it's a lie.  It's a big lie.  Just like any left-wing propagandist.  Say it enough, and it becomes true.  It goes way beyond cognitive dissonance.  It is just a big lie.  Let's look at some facts.  This is from the Internal Revenue Service as analyzed by the nonpartisan Tax Foundation.  First, the United States has the most progressive tax system in the world.  That's according to an OECD study several years ago.  Progressive means the upper end pays far more than the low end.  So here are some facts, according to IRS data from 2018, the most recent numbers available.  The top 1% of taxpayers paid $616 billion, which is 40% of all the income taxes paid.

Sorry, AOC: The rich already pay their fair share.  Rep. Alexandria Ocasio-Cortez donned an elegant gown with the slogan "Tax the Rich" painted on the back at the Met Gala in New York, where guests selected by Vogue's Anna Wintour ponied up around $35,000 a pop for tickets.  My first question is:  Who doesn't want to "tax the rich"?  Judging from my social-media feed, there seems to be a growing segment of people under the impression that the wealthy pay little or nothing in taxes.  When you ask Americans if they support a wealth tax, a majority support the idea.  One recent poll found that 80 percent of voters were annoyed that corporations and the wealthy don't pay their "fair share."  Polls rarely ask these people what a "fair share" looks like.  Is a quarter of someone's earnings enough?  A third?  Because the rich have been shouldering an increasingly larger share of the cost of government.

8 Things You Need to Know About Democrats' Tax Increase Bill.  Congressional Democrats this week finally unveiled the legislative text of the largest tax increase in more than 50 years.  It weighs in at more than 880 pages, so it's no wonder they have attempted to keep the details of the so-called "Build Back Better Act" under wraps.  Whenever the government spends money, it spends somebody else's money — that is to say, a lot of your hard-earned money.  With more than $2 trillion in tax increases, the bill is more than four times Obamacare's $500 billion in tax hikes.  Those tax increases are meant to fund a costly and controversial spending agenda meant to reshape the American economy and permanently expand government control over many aspects of people's lives.  The goal of the liberal proposal is to put more of the economy's resources under the control of politicians and bureaucrats, rather than the private sector.

Report: Democrat Tax Hikes WILL Raise Taxes On Middle-Class Americans Despite Biden's Claims.  Congressional Democrats' proposed tax hikes, which are endorsed by the Biden administration, will violate the White House's promises to spare Americans who make less than $400,000 annually from any tax increases.  President Joe Biden and the White House are framing the Democrat-led tax increases as a "historic middle-class tax cut," but their promises to put the dollar burden on just the "wealthy and large corporations" are false.

Liberal groups prod Dems to raise taxes to pay for racial justice agenda.  The NAACP and 27 other liberal groups on Thursday warned Democratic leaders not to back off of plans for higher taxes because higher taxes would improve racial justice.  The groups, which included the Movement for Black Lives and the National Immigration Law Center, made their case for large tax hikes on corporations and the wealthy in a letter to Senate Majority Leader Charles E. Schumer, House Speaker Nancy Pelosi and the Democratic chairmen of the House and Senate's tax committees.  "We write to make clear how important it is to communities of color that Congress enact a robust budget reconciliation package of at least $3.5 trillion in investments in our communities funded through fairer taxes on the rich and corporations," they wrote.  "This legislation would advance racial equity by narrowing racial income and wealth gaps, as well as by funding these long-overdue investments."

Skyrocketing Cook County property tax bill sends Palatine garden center out of business.  A third-generation family business is now vacant after a change in how they are assessed for property taxes, they said has ruined them.  "We were supposed to be here, I thought for forever," said Ken Kinsch, a former owner of the Kinsch Florist and Garden Center.  Rubble is what's left of the suburban greenhouse and flower farm after more than 80 years in business.

Who Pays For Dems' Plan To Spend Trillions To 'Stimulate' Economy?  Hint:  Not The Rich.  The Dems' plan, on paper at least, claims to collect about $2.9 trillion from the wealthy and corporations, mainly by raising tax rates on high-income families from 37% to 39.6%, corporate tax rates from 21% to 26.5%, and by jacking up the capital-gains tax rate from 20% to 25%.  Another $900 billion or so will come from the vague category of "taxpayer compliance," which seems to indicate a more aggressive IRS, and from letting Medicare directly "negotiate" — that is, extort — steep cuts in drug prices by pharmaceutical companies.  If all this sounds good to you, you're not alone.  It's a siren song that middle-class Americans have heard, and believed, before.  But it's all a lie.  Indeed, a new report from the Joint Tax Committee shows that the Biden-Democrat spending plan breaks his promise not to tax anyone under $400,000 income.  The analysis found Biden's plan would hike taxes for those making as little as $30,000 a year starting in 2027.

Democrats' Climate Change Predictions May Not Materialize, but Their Taxes Undoubtedly Will.  Behold the Democrats and their "imminent doom" climate change predictions.  It is quite possible there has never been a more error-prone business than the climate alarmism prediction business.  [Link to another article]  As the article demonstrates, Big Media has long been doing its part.  It has spent the last half-century jamming climate alarmism down our throats.  Trying to have us forget about the last failed prediction — by immediately pivoting to the next failed prediction. [...] This fake story on a fake poll on real taxes imposed in the name of fake "climate change" follows immediately on the heels of Democrats proposing real taxes in the name of fake "climate change."  Why should a half-century of climate alarmism being very, very wrong get in the way of Democrats really taxing [...] us in the name of climate alarmism?

House Dems propose one of the largest tax increases ever to pay for Biden's $3.5T spending bill.  House Democrats on Monday [9/13/2021] proposed one of the largest tax increases in U.S. history to pay for President Biden's $3.5 trillion expansion of the federal safety net.  Democrats on the House Ways and Means Committee released an 881-page bill outlining a series of tax hikes and one-time revenue generators they say will ensure Mr. Biden's big-spending domestic agenda is fully funded.  "Our proposals allow us to both address our perilously changing climate and create new, good jobs, all while strengthening the economy and reinvigorating local communities," said Ways and Means Committee Chairman Richard Neal, Massachusetts Democrat.

$3,586,456,000,000: Federal Tax Collections Set Record Through August.  The federal government collected a record $3,586,456,000,000 in total taxes through first eleven months of fiscal 2021 (September through August), according to the Monthly Treasury Statement.  The federal government also collected a record $1,829,589,000,000 in individual income taxes in the September-through-August period.  However, because the federal government also spent $6,297,090,000,000, the Treasury still ran a deficit of $2,710,635,000,000.  When the September-through-August spending numbers for prior fiscal years are adjusted for inflation into July 2021 dollars (the latest month the Bureau of Labor Statistics inflation calculator will adjust them to), this September-through-August spending was the second highest ever.

House Democratic proposals amount to $2 trillion tax hike.  The tax hikes House Democrats plan to offset the costs of President Joe Biden's massive infrastructure and social welfare legislation would net more than $2 trillion in revenue over the next decade, according to an estimate released Monday [9/13/2021].  The combination of tax code shake-ups by the House Ways and Means Committee, which includes increases to the capital gains rate, top marginal income tax rate, and corporate tax rate, among others, will raise nearly $2.1 trillion, the nonpartisan Joint Committee on Taxation concluded.

New Jersey to Lower Gas Tax Rate by 8.3 Cents, First Time Since Inception in 2016.  New Jersey Department of Treasury announced on Tuesday that the gas tax rate in the state will decrease by 8.3 cents per gallon beginning Oct. 1.  It is the first gas tax reduction since its inception in 2016.  The law enacted in 2016 in New Jersey imposed a tax on gasoline and diesel fuel purchases by motorists to generate funding for maintenance and improvement of the state's roadways and bridges.  The tax has been expected to provide $16 billion over eight years.  The law dictates that the gas tax rate must be adjusted each year in order to generate roughly $2 billion per year, according to a statement by the state department of treasury.  The rate adjustment is made annually by the state government upon reviewing the actual gas tax revenue collection and the projection of fuel consumption for the current fiscal year.

Biden plan could force thousands of family farms to sell rather than face transfer tax.  President Joe Biden's proposed American Families Plan promises billions to families with children.  But paying for it could have a devastating impact on family farms.  That's because the plan includes large increases in farm transfer taxes.  Craig Hill, the president of Iowa Farm Bureau said, as it stands, the proposal could become law with serious impact on farm families.  Hill said the AFP is a major threat to passing farms to the next generation.  AFP can be contrasted with vows in the Biden administration's Rural Plan, developed for last November's election and published online.  That document promises an approach "that partners with rural communities to invest in their unique assets, with the goal of giving young people more options to live, work, and raise the next generation in rural America — making sure the wealth created in rural America stays in rural America."  The Rural Plan commits to "making it easier to pass farms and ranches onto the next generation."  Hill told The Center Square that simply is not true of Biden's proposal.  The current cost of Iowa farms is inflated by easy money and the dollar value of transferred family farms could end up incurring tax far beyond families' ability to pay.

Washington State's Tax Revolt.  Tax revolts are usually led by citizens, sometimes banding together into taxpayer groups.  But in Washington State, the latest tax revolt is being engineered by cities and towns objecting to the Democratic-led state legislature's attempt to impose a capital gains tax.  Local officials fear that the new levy, which faces a court challenge, would be a prelude to a state income tax that could hamper economic growth and opportunity.  Right now, the Evergreen State is one of only seven states without an income tax and one of just nine without taxes on capital gains.  Five Washington communities — Spokane, Yakima, Spokane Valley, Granger, and Battle Ground — have passed resolutions in recent weeks pledging to outlaw income taxes at the local level if the state adopts income or capital gains taxes.  More jurisdictions are promising to follow suit.

US Households Paying No Income Tax Hit 61% of Total Last Year.  Nearly 61% of U.S households paid no federal income taxes during pandemic-stricken year of 2020, because of declines in income and boosts to government subsidies that wiped away tax liabilities, according to data from the Urban-Brookings Tax Policy Center.  The number of households owing nothing came in at 106.8 million, up from 75.9 million in 2019, the study, released Wednesday [8/18/2021], showed.  The 60.6% proportion for last year compares with 43.3% over the five years before the pandemic struck.  The number of familes owing no federal income taxes is projected to remain high for 2021, at approximately 101.7 million households, or 57.1%, according to the estimates.

IRS Lists The Record Number Of Wealthy Americans Becoming Ex-Americans In 2020.  The number of wealthy Americans with assets over $2 million who renounced their citizenship has surged amid socioeconomic despair, political firestorms, and an unrelenting virus pandemic sparking increasingly freedom-destroying mandates from the 'petty tyrants' — as Rand Paul described them — in Washington. [...] It's no secret that the Democrats' key campaign promise is higher taxes and that may have spooked wealthy people also.  For 2021, the number of Americans who renounced their citizenship this year is down, but that might be due to COVID restrictions at U.S. embassies and consulates that have delayed the process.  David Lesperance, an international tax lawyer based in Poland who helps people renounce U.S. citizenship, told Axios that there's a backlog of wealthy people trying to renounce their citizenship but "can't get the appointment" with the government because "the system's capacity has peaked."  He estimates "20,000 or 30,000 people" are attempting to renounce their citizenship.  Lesperance told Axios that the first process to renouncing citizenship requires obtaining citizenship in another country.  He said, "it's a year-and-a-half to get an appointment at a Canadian embassy."

"Double Death Tax": Joe Biden Wants to Tax Your Dead Body.  For decades, the Democrat "death tax" has been greatly frowned upon by Republicans and the American people.  Most Americans hate the concept of taxing someone's wealth after they have died however this has not stopped Democrats from gouging money from a deceased person's family.  National Review reports that the death tax has dropped from 55% to 40% this century however it now appears that the Biden administration wants more.  You heard that right:  The Biden administration wants to tax you or your loved one's dead body.

11 Notable Topics in Senate Vote-a-Rama on Spending $3.5 Trillion.  [#6]  Sen. Charles Grassley, R-Iowa, proposed an amendment that would prevent lifting the cap on a tax deduction known as the state and local tax loophole, which lawmakers call SALT.  Democrats' spending bill proposal would restore the tax deduction, which primarily benefits high-income earners by allowing them to write off state taxes when paying federal taxes.  The 2017 tax reform law imposed a cap on the deduction, but Democrats sought to lift the cap.  They did so because the cap largely affects high-tax blue states, where state and local officials are less likely to be held accountable for tax increases if those increases are offset by lower federal taxes.  "If Democrats are really concerned about the wealthiest Americans paying higher taxes, then they should have no problem supporting my amendment," Grassley said.  "This commonsense amendment will add language to ensure any so-called SALT cap relief doesn't line the pockets of millionaires."

Democrats target rich people's retirement accounts to pay for progressive wish-list items in $3.5T spending bill.  Democrats on Capitol Hill are reportedly setting their sights on wealthy people's "super-sized retirement savings accounts" as one way to pay for a litany of progressive wish-list items included in their mammoth $3.5 trillion spending plan.  Politico reported Tuesday that congressional Democrats are "aghast" that some people have managed their wealth responsibly and amassed multimillion-dollar individual retirement accounts while others have next to nothing — an unacceptable imbalance in the democratic-socialist state the lawmakers hope to create.  These so-called "Mega-IRAs" are said to be on the table to "bankroll their multitrillion-dollar plan of liberal spending priorities."

Why the Global Minimum Tax Threatens American Sovereignty.  The name "Global Minimal Tax" should immediately set off red flags.  No American likes to hear the two words "global" and "tax" in the same expression.  It implies a surrender of sovereignty to a vague and mysterious world body.  They also don't like to see "minimal" and "tax" together.  Experience shows that taxes rarely stay minimal and tend to become maximal.  Based on the name alone, it is best to trash the whole idea.  However, the Biden Administration wants to approve this disastrous idea.  The three words that sound so threatening are proposed in the name of two words that everyone wants to see restrained:  "Big Tech." Thus, Treasury secretary Janet Yellen is lobbying Congress, asking them to "please jump from the frying pan into the fire" to rein in Big Tech.  American participation — she claims — will also show goodwill in cooperating with the "world community." That's two more ambiguous words that don't belong together.

The seven countries holding out against the US-backed global minimum tax.  Two more countries have expressed support for a global minimum tax, cutting the total number of holdouts down to just seven.  Peru and the Caribbean nation of St.  Vincent and the Grenadines have now signed on to the global minimum tax agreement, joining 130 other countries, including the G-20, representing the world's 20 largest economies.  The two countries had not signed on to the plan when it was first announced earlier this month.  The two additional countries joined in recent days before the G-20 met in Venice, Italy, over the weekend to discuss a variety of pressing global issues, including the tax proposal, according to a list of countries published by the OECD and updated on Friday.

Biden and Dems Want a Global Cartel to Set a One-World Corporate Tax Rate.  And Republicans Are Going to Help.  If you want to stick it to big corporations and rein in their real or perceived abuses, use your political prowess and the laws of your own sovereign country to do it.  Instead, the Biden administration wants to sidestep this responsibility and cede U.S. corporate tax policy to create a new global corporate tax rate.  Price-fixing tax rates, if you will, would make it harder for companies to jump to cheaper countries to do business.  Instead of competition, this group of nations seeks to make businesses their captives.

Several states cutting income taxes to promote post-pandemic economic growth.  Arizona is the latest state looking to lower its income tax rate, citing a budget surplus despite the economic havoc wrought by the coronavirus pandemic.  Gov. Doug Ducey last week signed a budget that includes a transition from the state's current progressive tax structure to a flat tax rate of 2.5%, which would provide an estimated $340 reduction in the average state income tax payment.  Ducey said Arizona is able to proceed with the tax cut because the state's economy is "booming" and has generated a budget surplus.  Arizona is not the only state looking to cut taxes as the broader U.S. economy recovers from a recession.

Nine Countries Reject Global Minimum Tax Deal, Sending It Down Rocky Road to Completion.  Nine countries have refused to sign onto an international tax reform framework that includes a 15 percent global minimum corporate tax pushed by the Biden administration as a way to reduce international tax arbitrage by U.S. multinationals and blunt the impact of President Joe Biden's proposed domestic corporate tax hike.  While officials from 130 out of 139 countries in the so-called OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting agreed last week to establish the new framework, Ireland, Estonia, Hungary, Peru, Barbados, Saint Vincent and the Grenadines, Sri Lanka, Nigeria, and Kenya did not sign the agreement.  Irish Finance Minister Paschal Donohoe, whose country has attracted many big U.S. tech firms with its 12.5 percent corporate tax rate, said he would not join the other signatories but would still try to find an outcome he could back.

Biden Suffers Another Defeat in the Federal Courts:  Judge Slaps Down Move to Limit States' Tax Cuts as Unconstitutional.  The Biden agenda continued its string of legal defeats on Friday afternoon [7/2/2021] as a federal judge slapped down the administration's attempt to block states from making their own tax cuts.  The Biden administration's unconstitutional policy was part of the $1.9 trillion coronavirus relief package.  "U.S. District Judge Douglas Cole issued the permanent injunction requested by Ohio Attorney General Dave Yost, a Republican who argued the administration was trying to impose a 'tax mandate' on states,' the Washington Times reported.  "The Biden administration reached too far, seized too much and got its hand slapped," Yost said.  "This is a monumental win for the preservation of the U.S. Constitution — the separation of powers is real, and it exists for a reason."

Ohio GOP attorney general prevails in lawsuit alleging Biden relief bill unconstitutionally bars tax cuts.  A federal judge has ruled that a provision in President Joe Biden's COVID-19 relief bill limiting state tax cuts is unconstitutional, handing a victory to Republicans.  Ohio Attorney General Dave Yost had filed a federal lawsuit against the Treasury Department and its secretary, Janet Yellen, alleging that a provision in the $1.9 trillion Democratic spending package that prohibits states from using relief funds to offset tax cuts or credits "directly or indirectly" is unconstitutional.  U.S. District Judge Douglas Cole issued the permanent injunction against what Yost dubbed the "tax mandate" on Thursday, ruling that the provision exceeds the federal government's power over states.

Broke: Wealth tax.  Woke:  Patriot tax.  What do you do when one of your policy proposals proves to be rather unpopular with rank and file Americans?  As with any savvy marketing campaign, you simply rebrand it.  That's apparently what Democratic Congressman Tom Suozzi of New York is planning.  Nearly all of the Democrats have been following Elizabeth Warren's lead and calling for a "wealth tax" on the country's most successful earners, but with virtually no GOP support and probably not even fifty votes in the Senate (thanks, King Joseph!), it doesn't seem to be going anywhere.  So Suozzi is now pitching the idea of a "one-time tax" on the very wealthy, but he wants to give it a more appealing name.  So how about a "patriot tax?"

One time only.  Ri-i-i-i-ight.
Democrat proposes one-time 5% 'patriot tax' on Americans making more than $100M.  The very richest Americans could be hit with bills for billions of dollars under plans being developed for a wealth tax by Democratic Rep. Tom Suozzi, it emerged on Monday, which would see Amazon founder Jeff Bezos face paying almost ten billion dollars on his enormous wealth.  Suozzi, who sits on the tax-writing House Ways and Means Committee, is drafting what he called a 'patriot tax.'  It would impose one-time tax of 2.5% on wealth above $50 million and a 5% surcharge above $100 million.

The Editor says...
The income tax started out the same way.  Only the wealthiest Americans paid anything, and even then, they only paid one percent.

Don't Be Fooled By The 'Global Minimum Corporate Tax' — It's Really Just Another Tax On You.  Last weekend, while most sensible Americans were enjoying their lives, a little-noticed but nonetheless significant event occurred:  The G7 nations — the U.S., Japan, Germany, United Kingdom, France, Italy and Canada — forged a "historic agreement" to impose a minimum tax on corporations.  It's an awful idea hatched by anti-free market globalist bureaucrats and should be soundly rejected by Congress.  The talks for a deal actually began during the Obama administration eight years ago.  They went nowhere under President Donald Trump.  Now, with the mentally challenged globalist Joe Biden in the White House, the other members of the G7 are licking their chops.  The idea is simple:  No country should be able to tax corporations less than 15%.  It's unfair.  By putting a 15% floor under what corporations pay, supporters assert, it will end a "race to the bottom" as countries battle to attract investment from foreign companies by cutting tax rates and adding lots of incentives.

Report: Biden Plans Retroactive Capital Gains Tax Hike.  Thinking about selling some appreciated investments before the big Biden tax hike kicks in?  It may already be too late.  President Biden's blockbuster $6 trillion budget assumes that his proposed capital-gains tax hike took effect in April, according to the Wall Street Journal.  Biden has proposed raising the top tax rate on capital gains to 43.4 percent from 23.8 percent for households with income over $1 million.

The Editor says...
A retroactive tax hike sounds like an ex post facto law, explicitly prohibited by the Constitution.

California's highest-in-the-nation gas taxes are rising.  But promised repairs are lagging.  Four years after the Legislature boosted the gas tax in order to fix California's crumbling roads and bridges, the state has spent billions and made some progress in repairs, but officials now say the funding is sufficient only to complete less than half of the work needed.  The gas tax has been a political hot potato since it was passed in 2017, resulting in the recall of a Democratic state senator who voted for the legislation and an unsuccessful attempt by Republicans in 2018 to ask voters to repeal the higher charges.

'Blatantly unconstitutional': 78 members of Congress go to court against Biden.  Seventy-eight members of Congress have gone to court to say that President Biden's "American Rescue Plan" is "blatantly unconstitutional" because it purports to control the decisions states make regarding their own taxes.  The friend-of-the-court brief was filed by the American Center for Law and Justice on behalf of the members of Congress in a case already pending that was brought by 13 attorneys general.  They sued Biden because of the demand, authored by the Schumer-Pelosi regime in Congress, that "prohibits states from lowering state taxes anytime between now and 2024."  "In other words, throughout President Biden's first term," the ACLJ explained.

States sue Biden administration for American Rescue Plan's tax-cut prohibition.  Texas, Mississippi and Louisiana have sued the Biden administration over a mandate in the American Rescue Plan that they say prevents states from cutting taxes.  The states, led by Texas, argue the federal government is violating the constitution by prohibiting states that receive federal COVID-19 aid from using the money to "directly or indirectly" offset tax revenue reduction.  "This is yet another attempt by the federal government to unlawfully exert control over how sovereign states operate," said Texas Attorney General Ken Paxton.  "While hiding behind a deceptively friendly name, the Act effectively removes Texas' ability to lower taxes while granting Secretary of the Treasury Janet Yellen power to take back federal aid funds if they disagree with state tax policies."

Silicon Valley Billionaire Sounds The Alarm; Biden's Tax Plan Is About To [Wreak] Havoc.  Without any doubt, raising taxes on Americans makes them poorer and never better off, regardless of the justification behind the levy.  But taxes can also be — and have been — used in a punitive way to punish success and reward favored political constituencies.  The Democrats are experts at the latter.  For a half-century, Democrats, when they've had enough power to do so, built a 'progressive' tax structure that prohibited growth and shunted innovation as individuals and corporations alike were kept from realizing their fullest potential.  Donald Trump and Republicans reversed that trend in 2017 with the biggest tax cuts and reforms in a generation.  We saw the results:  Lower taxes, especially on job-creating corporations, resulted in massive growth and an explosion of domestic investment, driving down unemployment to below 4 percent, lifting all socio-economic boats, and allowed every demographic to become better off.

Biden's New Death Tax.  This week, President Biden proposed taxing capital gains at death at a tax rate of 39.6 percent plus the 3.8 percent investment tax.  He proposed a $1 million exemption.  For an individual with less than $11.8 million in net worth, this would create a new death tax from whole cloth.  President Biden's new death tax would result in estates that currently are not remotely close to having sufficient net worth to pay a death tax paying a death tax.  It can be named a 'capital gains tax at death'; it is a new death tax.  For a long-term real estate investor, President Biden's plan could confiscate an entire estate.  For many others, estates that would have been passed tax-free to children would see very, very large percentages of their estates reduced by Biden's new death tax.

Poll: 52 Percent Support Senate Filibuster to Block Tax Increases.  A Monmouth University poll reported Thursday 52 percent of Americans support the Senate filibuster when used to block tax increases.  The polls asked whether the filibuster should be used to block "tax rate change" legislation.  In this instance, the majority of Americans support the filibuster.  The poll's margin of error is +/- 3.5 percentage points and was conducted by telephone from April 8 to 12, 2021 with 800 adults in the United States.  During President Joe Biden's speech to a joint session of Congress to promote his American Jobs Plan and American Families Plan Wednesday, he proposed 12 changes to the tax code.  Nine of the changes are direct tax increases.

Roger Stone:  Why Am I Being Treated Differently than Hunter Biden and the Rev. Al Sharpton?  Call it Witch Hunt 3.0 The civil suit for $2 Million (!) in back taxes announced by the Biden Department of Justice against me and my wife when we have neither under-reported income nor hidden any assets and they know we have no assets.  This is a politically motivated harassment fueled by the partisan prosecutors' fury and liberal hysteria over the fact that President Trump saw the clear corruption of my trial and had the strength and the courage to correct this injustice by issuing me a grant of clemency and a full and unconditional pardon.  Now, Robert Mueller, I am not a convicted felon nor did you have any evidence against me as you were forced to admit by the court in the long-hidden sections of your report.  That was Witch Hunt 1.0.  Please recognize the Justice Department filed their civil suit at 6 PM on a Friday with no notice whatsoever to my tax attorneys with whom they have been in regular contact.  This demonstrates the political motivation of these highly contrived charges.  In fact, months of ongoing good-faith negotiations between my tax attorney and the IRS to settle this debt went silent the day after the Inauguration of Joe Biden and after we submitted a MOUNTAIN of updated financial information in ongoing settlement negotiations.  The claim in the lawsuit that the IRS terminated my settlement agreement is false and a fraud upon the Court.  My tax attorney formally informed them when I was simply unable to pay.

Who Pays The Corporate Income Tax?  President Biden is proposing to finance his infrastructure spending proposal by increasing the corporate income tax rate from 21 percent to 28 percent.  What difference will that make?  If there is one thing that virtually all economists are united about, it is this:  corporations don't pay the corporate income tax.  Why is that?  A corporation is not a person.  It is a relationship — a relationship between workers, managers, stockholders, consumers and others.  You can tax relationships.  But relationships don't pay taxes.  The sales tax, for example, taxes a relationship between buyer and seller.  But sales don't pay taxes.  People do.

NY budget will likely hike taxes on state's top earners to highest in the country.  New York lawmakers are closing in on a state budget deal that will likely increase taxes on top earners and big businesses by billions of dollars — a move which would make wealthy New Yorkers fork over the highest taxes in the country, sources told The [New York] Post.  Legislators and Gov. Andrew Cuomo over the weekend ironed out the final terms of the Empire State's mammoth $200 billion spending proposal — including a so-called "millionaire's tax" — but broke on Sunday for the Easter holiday.  They were expected to reconvene in Albany on Monday — in person or remotely — to wrap up talks and possibly vote on the budget, which is already past due.  Sources said the agreement is expected to include tax hikes and additional revenues totaling roughly $5 billion.

13 States Sue President Joe Biden After Disgusting Tax Plan Power Grab.  Thirteen states are joining forces to sue President Joe Biden's administration over his power grabbing American Rescue Plan which banned states from cutting taxes if they received COVID-19 relief funds.  The Daily Caller reports:  "The 13-state coalition argued that the provision included in the Democrats' $1.9 trillion coronavirus relief package preventing states from cutting taxes if they accept relief from the federal government is unconstitutional.  The coalition, led by Republican West Virginia Attorney General Patrick Morrisey, filed the federal lawsuit Wednesday evening in the U.S. District Court for the Northern District of Alabama."  In a statement released on Wednesday [3/31/2021], Morrisey said, "Never before has the federal government attempted such a complete takeover of state finances.  We cannot stand for such overreach."

Trump Slams Biden's Tax Hike as the 'Largest Self Inflicted Economic Wound'.  Ahead of President Joe Biden's official introduction of a massive tax and "infrastructure" plan Wednesday afternoon, former President Donald Trump released a blistering statement blasting the proposal.  Here is the statement in full: [...]

Donald Trump: 'Tax Hike Is Globalist Betrayal By Joe Biden And His Friends'.  Former President Trump released a statement Wednesday [3/31/2021] regarding President Joe Biden's $2.25 trillion infrastructure proposal.  Trump criticized Biden's "radical plan to implement the largest tax hike in American history" as a "massive giveaway to China" that will displace thousands of "factories, millions of jobs, and trillions of dollars to these competitive Nations."

Who Raises Taxes During a Pandemic Already Creating Economic Turmoil?  JoeBama, That's Who.  Think about the logical insanity of this position for a moment.  According to the Biden administration the economy is in trouble, people are struggling, and congress needs to spend trillions to bail out state, local and federal governments along with sending income subsidies to all Americans as the economic crisis around COVID continues.  Due to policies on energy, regulation and the COVID virus, simultaneously food prices are going higher, fuel prices are up 30 percent, overall energy prices are rising, transportation costs increasing and the inflationary impact on the middle-class is eating up their limited paychecks.  At this exact moment the same administration is now proposing a tax increase.  Think about the lack of logic here.

Biden will today announce 7% corporate tax hike to 28% - the largest jump since the 90s.  President Joe Biden will announce the most comprehensive corporate tax hike in 30 years Wednesday afternoon [3/31/2021] when he unveils his massive $2 trillion infrastructure package.  Biden expects the nation's corporations to pay for reengineering infrastructure in the midst of an economically devastating pandemic.  The plan will include a 7 percent corporate tax hike from the current rate of 21 percent.

Joe Biden's tax proposal hides that the feds already raised taxes.  The big news is that Joe Biden is planning to propose a series of tax increases that will theoretically generate up to $1.8 trillion to pay for all his spending plans.  I say "theoretically" because the proposed taxes will hit our weak economy so hard there won't be enough money to fulfill this Biden dream.  But what many people don't realize is that we're already having a stealth tax burden imposed on us, especially on retired people and those on fixed incomes, by virtue of the government's money-printing binge.

Biden is set to announce $3 Trillion in tax hikes tomorrow.  President Joe Biden is set to announce up to $3 trillion in tax increases targeting the rich and middle class when he unveils his infrastructure package in Pittsburgh tomorrow.  The hikes could hit Americans earning more than $400,000 a year, businesses, married couples and estates.  It is part of his bid to fund the revenue needed for his bold proposal to pay for new roads, bridges, green technology and 'human infrastructure' — which includes subsidies for Americans to pay for health insurance and measures to cut child poverty.

The Government Is Considering a Financial Weapon of Mass Destruction.  Since the creation of the United States income tax, government and taxpayers have wrangled over definitions of what constitutes "income," how it is to be calculated, and when it is to be "recognized" — that is, subjected to tax.  A recent New York initiative (predictably backed by Alexandria Ocasio-Cortez) would tax appreciated assets held by wealthy taxpayers before they were sold.  This hideous tax policy hints at the temptation for government to shift its tax base to rapidly-appreciating assets when magnifying inflation through reckless debt monetization: [...] The complexity of this state tax law would be profound.  And what of assets subsequently sold at a loss — will the state refund the taxes on the phantom gain that it "recognized" the previous year?

Elizabeth Warren fuels class warfare with new wealth redistribution ideas.  For the purveyors of identity politics, there is no surer bet than leading the masses against great wealth.  Ever since philosopher Jean Rousseau spoke of "eating the rich" before the Reign of Terror began, leaders have always had an insatiable appetite for class warfare politics in history.  For her "wealth tax" legislation, Senator Elizabeth Warren insists she is just nibbling on the rich but could still seize $3 trillion over the next decade, a figure challenged even by an administration economist.  She also included an "exit tax" to prevent the rich from fleeing.  This is wildly popular among the masses.  It is also arguably unconstitutional and manifestly impractical.  But in Washington, bad policy often makes for great politics.  Warren would add a 2 percent annual tax on the net worth of households and trusts above $50 million, plus an extra 1 percent tax above $1 billion.

The Editor says...
If the fed keeps printing money as fast as possible, and Zimbabwe-style hyperinflation sets in, we might all be billionaires before we know it.

This is news?
Rich people are dodging more taxes than the IRS realized, study finds.  The richest Americans use crafty methods to dodge taxes on far more income than the feds previously thought, a new study shows.  The Internal Revenue Service tries to catch high-income tax evaders with random audits — but they often fail to spot complex schemes that the wealthy employ to hide income, such as offshore bank accounts and pass-through businesses, according to the paper published Monday [3/22/2021].  In all, the nation's richest 1 percent fail to report 21 percent of their actual income — and 6 percentage points of that stems from "sophisticated evasion" strategies that federal audits miss, IRS and academic researchers estimate.

The Editor says...
Income tax avoidance (and outright evasion) have been widespread for over a century; that is, since the ratification of the 16th Amendment.

Biden Team Preparing Up to $3 Trillion in New Spending for the Economy.  President Biden's economic advisers are pulling together a sweeping $3 trillion package to boost the economy, reduce carbon emissions and narrow economic inequality, beginning with a giant infrastructure plan that may be financed in part through tax increases on corporations and the rich.

The Editor says...
Carbon dioxide is not carbon.  When the Democrats speak of carbon emissions, they reveal their ignorance.  They don't expect you to know the difference between carbon and carbon dioxide.  That's because they think you're stupid.

Top finance, tech firms mulling NY exodus over proposed tax hike.  Top New York firms that toughed it out through the pandemic are now considering packing their bags over $7 billion in proposed new state taxes.  At least 20 finance and tech companies are already poised to leave for sunny, low-tax Florida, said Kathyrn Wylde, CEO of the business-backed Partnership for New York City.  "The Legislature's proposals will move us in the opposite direction by driving away the businesses and tax base required to do that," said powerful Real Estate Board of New York President James Whelan.  If the Democrat-controlled state legislature passes its proposed $208 billion tax-and-spend plan, "New York State will be the most-taxed state in the country," Wylde lamented.

Now Come the Taxes.  The front-page headline in Monday's Wall Street Journal said:  "Biden weighs how to pay for Agenda."  Who purchases something they know they can't afford, and then worries about paying for it later?  Only government.  After less than two months in office, President Biden and a majority Democrat Congress have engaged in record spending with insufficient money to pay for it.  That may be about to change.  Bloomberg.com reports the president wants to raise individual income taxes, as well as taxes on corporations (and expand the estate tax) to pay for another round of spending on infrastructure and programs and policies dear to liberal hearts.  We are already hearing the mantra Democrats have used for decades to justify tax hikes:  The rich must pay their "fair share."  They never tell us what is fair, or the amount of confiscation they wish to impose.  It is always a moving target.

Democrats will pass huge tax increase on party-line vote, Republicans warn.  President Biden's plan to raise corporate taxes could make it through the Senate if Democrats employ a budgetary tactic that will circumvent a GOP filibuster, Republicans warned.  Minority Leader Mitch McConnell predicted Democrats will usher through a major tax increase provision by tacking it on to infrastructure legislation, which they plan to pass with only 51 votes via a process known as budget reconciliation.  "I think the Trojan horse will be called 'infrastructure,' but inside the Trojan horse will be all the tax increases we have been talking about," McConnell, a Kentucky Republican, said.  "They want to raise taxes across the board."  Biden is considering a slew of tax hikes to fund the as-yet-unwritten but massive infrastructure proposal.

Guess Who'll Pay Biden's Tax Hikes On The 'Rich'? Hint:  It's You.  If you're an American of average income, listen up.  You're about to become a lot poorer.  President Joe Biden's proposed soon-to-be-unveiled multi-trillion dollar tax hike, the first major increase in taxes since 1993, will ensure that.  With a massive wave of new spending on the way, it was only a matter of time before Biden and his far-left economic team came up with massive new tax increases to match.  You might be happy with your $1,400 "stimulus check," but you won't be happy with the higher taxes you'll be paying from now until you die.  That's right, because no matter what the Democrats said during last year's presidential campaign about "taxing the rich" and "big corporations" it's the middle class and the poor who will really take a hit.

Biden's New Tax Hikes May Effectively "Wipe Out" $1,400 Stimulus Checks.  Late last week after Joe Biden signed the $1.9 trillion Democratic constituency payoff bill disguised as "COVID relief," most Americans started getting $1,400 payments from Uncle Sam.  That doesn't seem like much money given the fact that tens of millions of Americans suffered lengthy financial hardship over the past year governors shut down their states and as Democrat governors continued to keep their states essentially locked down for months afterward.  But even that paltry amount of money will seem even less if Democrats pass Biden's new tax legislation, which contains the largest increase since 1993.

Like the IRS? Then You'll Love Elizabeth Warren's New Tax Bill.  Warren is selling the Ultra-Millionaire Tax Act of 2021 as a crackdown on the super-rich.  But in truth, it will likely hit ordinary Americans the hardest.  On March 1, Senator Elizabeth Warren (D., Mass.), joined by Representatives Pramila Jayapal (D., Wash.) and Brendan Boyle (D., Pa.), introduced the so-called Ultra-Millionaire Tax Act of 2021.  The bill would impose an annual "wealth tax," starting at 3 percent and reaching as high as 6 percent, on the richest .5 percent of all Americans.  The merits of the tax itself have been discussed at length.  What has not been discussed is the new IRS-enforcement scheme that the bill would create, which would include a staggering increase in the size of the IRS, a substantial expansion of the IRS's already-oppressive information-reporting requirements, and many more audits and collection actions.

Federal COVID-19 Bailout Prohibits States From Cutting Taxes.  Buried within the $1.9 trillion emergency spending bill that Congress sent to President Joe Biden's desk on Wednesday [3/10/2021] is a provision that could effectively block states from cutting taxes if they accept federal bailout dollars.  That provision, added to the bill by the Senate last week, could put a halt to several states' plans to cut taxes this year as a way to stimulate economic growth following the COVID-19 pandemic.  Depending on how the text is interpreted, the measure could also make it illegal for states to create new tax credit programs like the ones that have become a popular mechanism for expanding school choice.  Critics say this expansion of federal control over state policymaking is murky at best, and potentially unconstitutional.

Student loan forgiveness may become tax-free under Covid relief bill.  Here's what that means for borrowers.  A significant provision making any student loan forgiveness tax-free has been included in the $1.9 trillion federal coronavirus stimulus package that's working its way through Congress and will likely soon be signed into law.  Currently, any student loan debt canceled by the government can be considered taxable and levied at the borrower's normal income tax rate.  For example, if someone earns $50,000 a year, and was at a 22% tax rate, and received $30,000 in student loan forgiveness, they might be slapped with a $6,600 bill from the IRS.

Nobody's Tax Returns are Confidential Anymore.  Criminal tax offenses are arguably the most bureaucratically complex crimes to prosecute.  The procedures and paperwork within the IRS are very involved and time-consuming. [...] Once it makes its way to the Justice Department's Tax Division, a complex bureaucracy in its own right, the case file then descends the bureaucratic ladder down to the local United States Attorney's office and is assigned to the relevant Assistant U.S. Attorneys for prosecution.  At this stage, the AUSAs often take the attitude that having racked up hundreds of federal personnel man-hours on the matter, it is a trifling matter to spend three or four days trying the case.  The corollary is that attorneys who specialize in taxation frequently advise their clients to settle their differences with the IRS as early as practicable when there is a palpable potential for criminal liability, so that the case never becomes a criminal prosecution.

America's jobless owe thousands of dollars in taxes on their unemployment.  Erika Rose was shocked this month when she sat down to do her taxes and realized she owed $600 to the federal government.  She's been on unemployment since April and has spent much of the winter stretching every penny to pay rent and to keep the lights on.  On a recent trip to the grocery store, she only had $20 in her bank account.  "I was so upset.  How do I owe over $600 in taxes?" said Rose, 31, who lives in Los Angeles.  "I have never been so fearful in my life of how I'm going to pay my bills."  Rose is among millions of unemployed workers facing surprise tax bills, ranging from several hundred to several thousand dollars, and many say they just can't pay.  For tax purposes, weekly unemployment payments count as income just like wages from a job.

Biden's Misery Index.  Stagflation and the resulting high misery index could return if Biden's stated economic policies are fully enacted.  The reason will be very simple:  business will not be able to respond to market conditions by expanding output.  Business will be forced to respond by raising prices.  In other words, Biden's push to give people free goods and services creates a greater demand in the market.  He wants to pay for those giveaways by eliminating the 2018 tax cuts and by further raising taxes on the highest income earners and on the wealthiest Americans.  Biden's policies will also result in much higher energy prices.  Energy is used in the entire business process meaning the increased cost will put upward pressure on all prices.  He wants to raise the top income tax bracket to at least 40%.  And he wants to raise the capital gains tax rate to 40%.  Biden says the wealthy should pay their fair share.  But the higher tax rates will force business to an undesired response to market conditions.

Jeff Bezos would owe $2 billion a year in state taxes if Washington passes wealth tax.  Jeff Bezos would owe about $2 billion a year in state income taxes under Washington's proposed wealth tax, according to legislators.  As part of an effort to reduce inequality and offset the state's lack of an income tax, Washington state legislators are proposing a 1% levy on wealth over $1 billion.  Lawmakers say the tax would raise about $2.5 billion a year in revenue and would only apply to so-called nontangible financial assets, or financial investments like stocks or options.  Yet tax experts say the state's wealth tax would be overreliant on four megabillionaires who call Washington state home:  Bezos, Bill Gates, MacKenzie Scott and Steve Ballmer.  Jared Walczak of the Tax Foundation wrote that 97% of the revenue from the tax would come from those four billionaires.

Wealth Redistribution:  The Gateway To Socialism.  Opinion has shifted in America to the point that almost 60% of Democrats have a positive view of socialism.  Socialism has been embraced by the intelligentsia and is being increasingly admired by our youth.  Proponents of socialism lament the inequality of wealth and income under capitalism and claim that America's wealthy are not paying their fair share of taxes.  Politically elite liberals promote socialism as the panacea to income and wealth inequality.  They call for increased wealth transfers funded by higher taxation of the rich.  Wealth redistribution became institutionalized a century ago on the revenue side of the Federal budget with the passage of the 16th Amendment allowing income taxation.  As money flooded in to governments from higher, broader and more progressive income taxation, wealth redistribution spread to the expenditure side of Federal and state budgets in the form of government welfare programs and payments.

The Trouble with Open Borders.  [Scroll down]  Containment is holding, for now.  But it's not just the big Democrat-run cities in blue states that are bleeding population — so are the big Democrat-run cities in red states.  In fact, other than New York County (Manhattan), the three counties that have lost the most population during the plague all have been in Texas:  Travis County (Austin), Dallas County (Dallas), and Harris County (Houston).  I have lived in all of those counties (and Manhattan, too), and they all have their charms — but I can also see a solid case for leaving them, especially if you are a family with children and one or more adults working from home, and if that home is assessed at a high enough price to intensify the pain of Texas cities' rapacious property taxes.

Rural America, Prepare for Biden's Newly-Proposed Tax.  When President Joe Biden announced former South Bend, Indiana Mayor Pete Buttigieg as his pick for Transportation Secretary, many scratched their heads.  Why would he tap someone who oversaw a small budget, in a small town, in the midwest for such a role?  That puzzle is finally coming together.  It turns out that Biden favors Buttigieg's transportation views, specifically the idea that America should move away from the gas tax and instead opt into a tax based on the number of miles a person travels.  It would be a new way to provide cash for the Highway Trust Fund, which currently funding from the federal gas tax.  As it currently stands, the federal gas tax is 18.4 cents per gallon and 24.4 cents per gallon for diesel.  Liberal states, like California, Oregon, Washington State, and Colorado are already contemplating this so-called "alternative."

Biden's Transportation Nominee Pete Buttigieg Says Gasoline Tax Hike Possible.  President Joe Biden's pick for secretary of transportation said recently that a tax on gasoline is possible.  "I think all options need to be on the table.  The gas tax has not been increased since 1993, and it's never been paid to inflation.  And that's one of the reasons why the current state of the Highway Trust Fund is there's more going out than coming in.  Up until now, that's been addressed with general funding transfers.  I don't know whether Congress would want to continue doing that," former South Bend Mayor Pete Buttigieg told senators during his confirmation hearing last week.  "In the near term, we need a solution that can provide some predictability and sustainability.  In the long-term, we need to bear in mind also that as vehicles become more efficient and as we pursue electrification, sooner or later there will be questions about whether the gas tax can be effective at all."

New tax on number of miles you drive?  Incoming Transportation Secretary Buttigieg likes the idea.  Incoming Transportation Secretary Pete Buttigieg has suggested taxing Americans for the number of miles they drive, a policy he endorsed as a Democratic presidential candidate.  The Biden Administration is actively searching for ways to fund its ambitious $1 trillion infrastructure plan.  Buttigieg, the former mayor of South Bend, Ind., acknowledged "privacy concerns" related to implementing a vehicle miles traveled (VMT) system but said it should be considered as a potential replacement for the gas tax.

The Editor says...
Nobody is going to replace or eliminate the gasoline tax, or any other tax.  An odometer tax will be an additional tax, on top of the gas tax, the license plate registration fee, the annual inspection fee, the county road and bridge fee, and the federal tax on tires.  Once the federal odometer tax has been in place a few years, be on the lookout for state odometer taxes, too, beginning in high-tax states run by tax-and-spend Democrats.

Why New Hampshire is suing Massachusetts.  The pandemic has kept Granite State commuters home.  The Bay State wants to tax their income anyway.

For Chicago Homeowners, It's All Pain, Little Gain.  Early in 2019, a real-estate website predicted that Chicago's housing market would be one of the nation's worst over the next year.  Chicago-area home prices, among the slowest to recover from the 2009 housing recession, were being suppressed by various factors, including escalating property taxes.  Now it's clear from a new study just how much of a burden those taxes have become.  Over the past 20 years, they've risen about four times faster than the rate of local inflation and more than twice as fast as Chicago-area wages, eating up more and more of the average homeowner's disposable income.  And there's more to come, thanks to Mayor Lori Lightfoot's latest budget, which raises Chicago property taxes again.  Much of that money, moreover, isn't targeted to better services but simply to pay off the city's and Chicago school system's enormous debt.

California is clobbering small businesses with a retroactive tax grab.  Isabel Rubinas of Glen Ellyn, Ill., operates Lollipop Seeds, a virtual boutique that sells clothing for young children online.  And like many small specialty businesses, its sales have slumped badly during the COVID-19 pandemic.  It's also being clobbered by the California Department of Tax and Fee Administration, the state agency that oversees the collection of sales and use taxes.  This month the CDTFA froze Rubinas' business bank account in Illinois in an effort to collect thousands of dollars in taxes on sales that Lollipop Seeds made to California shoppers through Amazon.com in 2017, 2018 and 2019.  The freeze threatens to push Lollipop Seeds out of business.  And her dilemma is not unique.

You can check out any time you like, but you can never leave.
California Lawmakers Want Wealth Tax That Will Follow Taxpayers When They Inevitably Move to Cheaper States.  As people leave the State of California in record numbers, Progressive lawmakers in that state are moving ahead with plans to enact a wealth tax that will tax a person's net worth and even follow them out of state should they move.  Many businesses and wealthy executives are leaving the State of California because of an overreaching tax code that is bleeding the states population of their ability to accrue wealth.  But that's not stopping some state lawmakers from supporting a wealth tax proposal, even as a growing number of Californians are calling for Gov. Gavin Newsom (D), to be recalled.  The California legislature left the door open last session to enact a wealth tax proposal that would apply up to a 0.4 percent tax on the amount of a state resident's net worth over $30 million dollars.

Biden's Massive Tax Hikes Inevitable if Democrats Win Georgia Senate Races.  All eyes are on the Georgia Senate run-offs races to be decided on January 5, 2021.  The stakes couldn't be higher, especially for those considering their pocket books, their small businesses, and their financial futures.  Georgia should be on the mind of every American taxpayer — especially every small business owner.  President-elect Joe Biden plans massive tax hikes that could hit nearly every American's bank account.  Small businesses, in particular, could get socked with much higher taxes.

State takes Minnesotans' tax refunds for debts owed to hospitals.  The discovery of seven tumors on her liver forced Jean Hehn to make some tough financial choices:  Pay her medical bill or pay rent.  Pay her medical bill or buy groceries.  Pay her medical bill or put gas in her car.  But the state of Minnesota took that choice away from Hehn when it started seizing her state income tax refund to pay an overdue bill with Regions Hospital.  The first time it happened, Hehn said she was shocked — and then angry — that the state had the power to act as a debt collector for private health care companies.  When she told close friends about her experience, some confessed privately that it had happened to them as well.

The Governmental Accounting Standards Board:  Fraud Hidden in Plain Sight.  All 50 states are experiencing revenue shortfalls due to declines in sales taxes, gas taxes, and licensing fees, not to mention the myriad other ways the government gleans revenue on a daily basis.  For many states, actual revenue will fall short of revenue projections, which were made before the pandemic.  In fact, 22 states will end the current year with deficits exceeding 10 percent of total revenue.  However, despite these alarming figures, many states are claiming they will end the year with a budget surplus.  A budget surplus in a year when almost every American not named Jeff Bezos or Elon Musk has had to tighten their belts more than a starving artist.  How is this possible?  The answer is in plain sight but clouded by a dense fog of fuzzy math.  It is called the Governmental Accounting Standards Board (GASB) and is the single worst display of accounting practices since the Enron debacle.

Cuomo says New York tax hikes likely on the way, even if Congress approves aid.  New York Gov. Andrew Cuomo said on Wednesday [12/9/2020] that income tax increases in the state were inevitable even if the government did dole out more coronavirus-related aid.  "You probably will see tax increases in any event," Cuomo said during his press conference.  Cuomo had previously indicated tax hikes on the wealthy were on the table if the government failed to approve more funding for state and local governments.  The three-term Democratic governor said on Wednesday that the consequences would be "devastating" if Congress does not agree to provide aid, involving several thousand layoffs, increased fares and tolls and government borrowing.

Lockdown!  Quarantine!  Stay in your homes!  Oh, BTW there is now a tax on deliveries.
New Yorkers May Have to Pay Package Delivery Surcharge to Help Fund MTA.  With the Metropolitan Transportation Authority facing a budget crisis, New Yorkers may have to dig into their pockets to help out.  Under a new proposed bill, New York City residents would be required to pay a $3 surcharge on packages they ordered online, with the exception for medicine and food.  Assemblyman Robert Carroll, who proposed the bill, says the online shopping fee would raise more than $1 billion a year "to fund the operating costs of buses and subways in the city of New York."

Residents of a Milwaukee enclave fear being taxed out their homes as the museum's plans push downtown development northward.  Lennie Mosley, president of the Halyard Park Neighborhood Association, first moved to the area with her husband in 1980.  Back then, she said, few people wanted to live there.  Now, the neighborhood's location within walking distance of the Fiserv Forum and related projects has put its housing in high demand and led to a sharp rise in property taxes.  In recent decades, the adjacent Brewers Hill neighborhood experienced gentrification, with longtime residents pushed out as property values skyrocketed due to demand from wealthier buyers who moved in, resulting in higher tax bills for all.

Deutsche Bank recommends 5% work-from-home tax after pandemic.  A major world bank proposed a 5% tax on anyone working from home after the COVID-19 pandemic ends.  Deutsche Bank researchers argued that people working from home enjoy economic privileges that do not extend to those forced to work in person.  "Remote workers are contributing less to the infrastructure of the economy whilst still receiving its benefits," analyst Luke Templeman wrote.  In its "What We Must Do To Rebuild" report, Deutsche Bank said such a tax was long overdue.  Researchers argued that remote workers don't make as many daily purchases as in-person workers, therefore they should contribute to the economy in some other way, namely taxation.

The Editor says...
If you can be taxed because you don't use roads, bridges, and other infrastructure, why are the users taxed, too?

Bidenomics' Shock Taxes.  Facing perhaps their most important election ever, Americans have much to worry about:  Urban riots and political violence, a loss of respect for our basic constitutional rights and American institutions, and the spate of socialist-inspired radical policy proposals from the Biden campaign.  Here's one more thing:  the ruinous taxes you'll have to pay for the left's socialist wish-list if Joe Biden wins.  A recent study by a group of highly regarded economists at the Hoover Institution, including two former members of the Council of Economic Advisers, found that the full panoply of Biden's policy proposals — Medicare for All, big tax hikes on the wealthy and the working poor, the massively expensive Green New Deal, and thousands of impending regulations — would have devastating consequences for the U.S. economy.  Why?  Not only would they destroy the economy's current renewed momentum, but they would require enormous tax increases on all Americans, businesses and individuals alike.

Biden Will Impose Highest Capital Gains Tax Rate Since Jimmy Carter in 1977.  Joe Biden wants to impose the highest capital gains tax rate since the Jimmy Carter era known for its economic stagnation.  Biden wants to take the current capital gains tax rate of 20 percent and double it to 39.6 percent.  That's the highest rate since 1977, when the highest possible capital gains rate was 39.875 percent.

Summarizing Joe Biden.  Biden will repeal the Trump tax cuts on individuals and businesses but promises that no one will pay more tax unless they make more than $400,000 per year.  Nonsense.  According to Americans for Tax Reform, repealing the Trump cuts will increase the taxes paid by a family of four making $73,000 per year by about $2,000.  Biden also wants to raise the corporate tax rate back to 28%, which will mean hundreds of thousands of lost jobs.

Biden Doubles Down on Promise to Raise Taxes Despite 66% of Voters, 57% of Democrats Wanting Cuts.  Democrat vice presidential candidate Joe Biden doubled down on his promise to raise taxes when he spoke to a room full of deep-pocket donors from Wall Street.  His declaration came just days after telling the country that he was going to kill the oil industry.  Biden told the room of high-priced donors that a Biden administration would see an across-the-board tax increase on corporation and those defined as wealthy by his advisers.  Biden's top advisers have crafted an aggressive tax-and-spend economic agenda that makes raising taxes their top and immediate priority.  His staff has indicated these tax increases will comes as legislation and happen almost immediately upon taking office.

Notice that reduced spending is never an option, only increased taxes.
Up In Smoke:  NY Gov. Cuomo Wants To Legalize Marijuana To Cover Budget Deficit.  New York state faces a nearly $60 billion budget deficit through 2024.  The answer?  Pot.  Gov. Andrew Cuomo says legalizing marijuana could be key to offsetting the massive budget deficit and helping the COVID-19 torn state recover.  "There are a lot of reasons to get it done, but one of the benefits is it also brings in revenue, and all states — but especially this state — we need revenue and we're going to be searching the cupboards for revenue," Cuomo told the Staten Island Advance.  "And I think that is going to put marijuana over the top," he added.

The Editor says...
Obviously, if marijuana is such an important source of revenue, the state will encourage everyone to use it.  Even more obviously, individual marijuana smokers will grow their own, or smuggle it from outside New York.

Biden's tax plan will lead to a combined rate of as high as 62% for those making more than $400k in some states.  The highest earners in the states of New York, New Jersey and California could end up facing a combined state and federal tax rate of 62% under Democratic presidential nominee Joe Biden's tax plan, in what would be the highest tax rate implemented in more than 30 years.  The high rate would affect those earning more than $400,000 while those earning below that level would likely receive tax cuts, according to the Tax Foundation, a low-tax advocacy group.  Earners above $400,000 represent at most 1.8% of the population — and Biden has made making them pay more part of his campaign.

Beware The Joe Biden Tax-And-Spend Nightmare.  With Americans distracted by COVID-19, an unexpected Supreme Court nomination and ongoing leftist rioting in our city streets on a near-nightly basis, they might be forgiven for forgetting about what might happen to their taxes should Joe Biden be elected.  It won't be pleasant.  Wednesday night's vice presidential debate was enlightening, if only because it showed how little Sen. Kamala Harris understands about how Washington works and how the economy works — and what would-be President Biden really intends to do.  Asked about President Donald Trump's tax cuts, which most economists agree are largely responsible for the resurrection of the U.S. economy following the slow-growth Obama-Biden years, Harris said:  "On Day 1, Joe Biden will repeal that tax bill."

Questions Swell Over Graduated Tax as State Treasurer Abruptly Cancels Press Conference.  With Election Day less than one month away, a new controversy surrounds one of the biggest issues on Illinois' ballot.  Voters are set to decided if the state will change from a flat income tax to a graduated income tax, a move opponents say could provide an opening to tax retirement income.  The amendment would change the state's mandated flat-rate income tax to a graduated-rate tax with rates that increase along with income.  The confusion comes after comments made by State Treasurer Michael Frerichs in June about the potential for a tax on retirement income.  At the time, Frerichs told the Daily Herald "one thing a progressive tax would do is make clear you can have graduated rates when you are taxing retirement incomes."

John McAfee Facing Charges For Tax Evasion.  Founder of an antivirus software company and former Libertarian presidential candidate John McAfee is facing charges for tax evasion and willful failure to file tax returns, the Justice Department announced Monday [10/5/2020].  The indictment alleges that McAfee failed to file tax returns between 2014 and 2018 despite earning millions of dollars through cryptocurrency, consulting work, speaking engagements and a documentary.  It does not allege that McAfee earned any income from his software company during these years.

The Biden-Harris Billionaires.  [Scroll down]  A key plank of [Elizabeth] Warren's campaign proposed such a tax, scissoring two percent a year from Americans worth over $50 million, rising to three percent on billionaires.  Bernie's plan went deeper.  Those worth north of $32.1 million would pay one percent per year, with an additional percentage point clipping those bracketed above.  Americans worth $2.6 billion or more would pay six percent — double Warren's highest rate.  Worth over $10.1 billion?  Bernie's plan would snip eight percent.  A majority of Americans supported Warren's wealth tax, even more so than Rep. Alexandria Ocasio-Cortez's (D-N.Y) 70 percent levy on those making over $10 million a year.

Biden Admits in Debate He'll Raise Taxes on Middle Class.  One of the key moments of Tuesday night's presidential debate was Joe Biden promising twice! to raise taxes on everyone, including the middle class.  "That's why I'm going to eliminate the Trump tax cuts," Biden said during his first of three debates with President Trump.  And then, to accentuate the point, he said it again, "I'm going to eliminate those tax cuts."

Memo to Democrats:  Don't talk to us about Trump's taxes while trying to raise ours.  Democrats galore are using the story of President Trump's illegally leaked tax records as a vehicle for whipping up hate over what he paid in taxes.  Trump, they claimed, unfairly paid too little while the rest of poor us paid too much. [...] The Democrats in fact are not serious in the least about what it would take to make Trump and every other rich person pay more in taxes.  If they were, they'd get rid of all the loopholes which they themselves provided, like an outstretched hand to all their billionaire donors, through the tax code they themselves wrote.  Yes, of course they did, and they did it for their own billionaire buddies.

Ignoring Clinton Charity Frauds to Attack Trump for Paying Taxes.  Yesterday [9/28/2020], the New York Times published 10,000 empty words on Donald Trump's taxes, a barrage of self-inflicted wounds gutting the integrity of the editorial staff and management of this publicly traded, yet family influenced company.  Yet it was not an effective indictment of any Trump family member.  It is not a crime to offset losses against income, a fact that has been true for decades.  And, it is profit-seeking businesses, and their owners and employees that produce the bulk of taxable income, yielding revenue needed to defray expenses of government.  Over decades, generations of Trumps employed thousands of New Yorkers directly and indirectly producing incomes and spending that filled tax coffers at federal, state, city and county level.

Obama Wrote Trump a $73 Million Check.  The New York Times' big exposé on President Trump's tax returns flags some things that may be dodgy but mainly it just confirms what everybody (including Trump) has always said — there are a lot of loopholes in the tax code that a savvy operator can exploit.  Whose fault is that?  The system long predates Trump's political career.  For

Biden Platform Would Raise Taxes By $3.4 Trillion, Study Says.  A new study finds that Democratic presidential candidate Joe Biden's platform would raise taxes by $3.4 trillion on Americans and corporations over the next decade.  The Penn Wharton Budget Model, a nonpartisan group at the University of Pennsylvania's Wharton School, released the study on Monday.  In addition to trillions more in taxes, Biden's platform would raise federal spending by about $5.4 trillion — or roughly 24% of gross domestic product by 2030, Fox Business reported.  "The spending plan, which is more than double what Hillary Clinton proposed during the 2016 campaign, would be funded by a slew of new taxes, including a corporate tax hike.  Biden's trillion-dollar proposals signal that he'll continue the unprecedented level of government spending that began in mid-March as American life came to a grinding halt because of the COVID-19 crisis," Fox wrote.

Massachusetts employers facing 'pretty staggering' hike in unemployment taxes.  With unemployment soaring, state lawmakers are considering ways to soften the blow from a major impending increase in the taxes employers pay toward the state's unemployment system, a jump in costs that one business group described as a "pretty staggering."  With the unemployment insurance trust fund suddenly facing a multibillion-dollar deficit over the next four years, the contributions required from Massachusetts businesses are set to increase nearly 60 percent when the calendar turns to 2021 and then continue growing at a smaller rate through 2024.

50+ Questions No Reporter Dares Ask Joe Biden And His Campaign.  On The Economy And Taxes:  You promised on the campaign trail in 2008 that the Obama-Biden administration would never raise taxes on anyone making under $250,000 a year.  Virtually every fact-checker including the left-leaning PolitiFact says you broke that promise.  Why should we believe you when you now promise that no household making under 400,000 a year will get a tax hike? [...] Your answers to many problems are raising taxes "on the wealthy."  The nation's top 10 percent reported a cumulative income of nearly $5 trillion in 2016.  That's every penny they earned in that year.  It is enough to fund the federal government for one year currently, with a bit of change.  How is it mathematically possible to pay for additional tens of trillions of dollars in federal spending without either literally enslaving the rich or raising taxes dramatically on everyone — especially when we already have more than $100 trillion in unfunded liabilities for existing programs?

Biden retirement proposal would upend traditional 401(k) plans.  A little-noticed feature of Democratic presidential nominee Joe Biden's tax plan would flip the incentive structure of a retirement system grounded for nearly a century on the tax deductibility of saving.  The former vice president's "drastic" proposal, in the words of one industry lobbyist, would upend existing tax preferences for retirement saving in 401(k)-style plans.  The Investment Company Institute, which represents mutual funds, exchange-traded funds and other investment vehicles in the U.S. and abroad, has already promised opposition.

Biden promises to raise taxes on Americans making more than $400,000 per year.  Democratic presidential nominee Joe Biden said that if he wins the presidency in November's election, he will raise taxes on Americans who earn more than $400,000 a year.  In an interview with ABC's David Muir that aired Sunday, Biden discussed his plan for raising taxes that included this segment of the population and appeared to include businesses as well.  "I will raise taxes for anybody making over $400,000," Biden said.  "Let me tell you why I'm going to do it.  It's about time they start paying a fair share of the economic responsibility we have.  The very wealthy should pay a fair share — corporations should pay a fair share."  Biden referred to businesses that take in "close to a trillion dollars and pay no tax at all."

Texas Cities That Defund Police Should Have Property Tax Rates Frozen Forever:  Gov. Abbott.  Texas Gov. Greg Abbott (R) says any Texas city that defunds their police department should have their property tax revenue frozen at the current level, forever.  The governor announced the legislative proposal to discourage the defunding of law enforcement Tuesday in Fort Worth and encouraged the Texas Legislature to take up the issue in the 2021 session.  "Defunding the police puts the residents in danger and it invites lawlessness into our communities," Abbott said.  "This will be an effective tool that effectively will prevent cities from being able to reduce funding support for law enforcement agencies."

California Democrats Propose A Wealth Tax Which Taxes You Even After You Leave The State.  The pandemic has put a $50 billion dent in California's finances and Democrats are busy coming up with new ways to raise more tax money.  Plans to consider a tax hike on those making more than $1 million was just put off until next year, but now a California Assemblyman has proposed a wealth tax on top earners: [...] To be clear, property would not be considered as part of total wealth because it's already taxed by property taxes, but they have to report it anyway.  UC Berkeley economist Emmanuel Saez co-wrote a paper about the new tax.  It makes clear that the wealthy would not be able to flee the state to avoid it because the wealth tax would continue for 10 years after someone leaves the state.

Wealth Tax On Billionaires?  Great — If You Want Stagnation, Fewer Jobs, More Poverty.  Senator and former presidential candidate Bernie Sanders has another bright socialist idea:  A 60% wealth tax on billionaires to pay for nationalized health care for a year.  Such nuttiness would be easy to ignore were it not for the fact he's now the driving intellectual force behind Joe Biden's basement-based presidential campaign.  As any economist worth his salt will tell you, a wealth tax is perhaps the most pernicious tax, since it punishes people retroactively for their hard work, thrift and smart investments.  Not only does it dissuade people from accumulating wealth, but it also dramatically reduces the amount of capital in our economy.  Everyone will be poorer, with lower incomes for all and fewer jobs as the inevitable result.

Donald Trump vows to extend unemployment benefits until 2021, defer months of payroll taxes and student loan payments.  With no deal in sight on coronavirus relief legislation, President Donald Trump attacked Democratic leaders negotiating with his top aides and once again threatened to act unilaterally to cut payroll taxes and take other actions.  'If Democrats continue to hold this critical relief hostage I will act on my authority as president,' Trump said, resuming attacks on Speaker Nancy Pelosi and Senate Minority Leader Charles Schumer, as the two sides remain trillions apart on relief.

Donald Trump to Suspend Payroll Tax Until End of 2020.  President Trump said Friday he would defer the payroll tax until the end of the year, using an executive order.  The tax would continue to be deferred until the end of 2020, the president said, and would likely be retroactive from July 1.  He said that by the end of 2020 the payroll tax break could be extended.  "Hopefully I'll be here to do the job," Trump said, hinting at the results of Election Day.

California Legislature to consider new tax on millionaires for schools, other services.  Democrats in the California Legislature have unveiled a new effort to significantly raise tax rates on taxable income of $1 million and higher, an effort they say would provide billions of dollars to improve K-12 schools and a variety of government services vital to the state's recovery from the COVID-19 pandemic.

The Editor says...
The schools are already supported by taxes collected from nearly every adult, not just the millionaires.  The proposed improvements of kindergarten classes are just a distraction.  They really want the money for "a variety of government services."  Constant expansion of the state government is the reason California is in a financial mess already.  Soaking the millionaires might help for a month or two, but California will inevitably go broke.

Michigan county treasurer rebuked for seizing retiree's home over $8 tax debt.  Officials in one Michigan county are demanding answers from their treasurer amid concerns that the county could be on the hook for millions of dollars in payments to former homeowners whose properties were seized under a tough forfeiture practice.  Oakland County commissioners sent an angry letter last week to Treasurer Andrew Meisner after the Michigan Supreme Court rebuked the county's decision to seize one homeowner's house after he underpaid his taxes by $8.41.  The commissioners said that they are forming a special investigative committee to look into the forfeiture practices and "make recommendations to protect the Oakland County taxpayers."

Teen opens his first paycheck, is stunned to see taxes deducted.  The video below is close to, but distinct from schadenfreude, because while I enjoy the utter dismay, I sympathize with the teenager who has discovered the extent to which government grabs money away from those who earn it.  Welcome to the club, young man!  And be aware that the harder you work and more successful you are, the more the government is going to take away from you.  I suspect most AT readers can recall their own shock when opening their first paycheck and discovering the share of earnings that were deducted.  But this video has special charm, in part because the narrator, who may well be the dad, is so understanding of what lies ahead.  This is an absolute classic.  [Video clip]

The Editor says...
This young wage earner would have been neither surprised nor disillusioned if he had been properly educated before entering the work force.

Goodbye, Washington DC.  [Scroll down]  I did my part, too.  My role in the fabric of urban society, overlooked but essential, was to spend my money.  Eat, drink, shop, spend, tip, pay.  And man, did I pay: taxes, rents, then a mortgage and HOA fees.  I paid taxes on things the government deemed "bad" for me, like alcohol and cigarettes; taxes on services which organized labor deemed "bad" for them, like rideshare.  I paid gas tax, cable tax, cell phone tax, and, of course, income tax.  Lots of income tax.  All I asked in return was relative safety and to be left alone to enjoy the city.  City-living in America, for decades, meant tolerating mild inconveniences so that you could be left alone, alongside millions of others.  That was the tacit pact.  And DC broke it.

10 policies Biden and Democrats would ram through after axing filibuster.  While most tax and spending legislation can already avoid the filibuster's supermajority requirement through the reconciliation process, some provisions can still be blocked by the minority.  Under Obama, Senate Democrats tried to improve their prospects for repealing the Bush tax cuts with legislation separating the middle-class reductions from those for upper-income earners.  Both pieces of legislation were stopped by filibuster, and most of the tax cuts were extended in 2013.  Democrats are likely to try something similar with the Trump tax cuts, and without the filibuster, they could.  The Buffet rule, which imposed a 30% minimum tax on the wealthy, was also blocked by filibuster.

Biden tax plan would lower stock values by 20-25%, Trump economist says.  Joe Biden's tax plan would reduce stock values by 20% to 25%, according to a new analysis conducted by an economic adviser to President Trump.  "This is the biggest assault on investors in 50 years," Stephen Moore, an outside economic adviser to Trump and a member of his economic recovery task force, said in a statement to the Washington Examiner.  "The three stock killers are the corporate tax rise, the cap gains increase, and the death tax on stocks," said Moore, who also serves as an economist at the conservative advocacy organization FreedomWorks and is a contributor to the Washington Examiner.

Calls Mount to Cancel Federal Income Tax, Signed Into Law by Racist Democratic President.  On Saturday, the president of Princeton University, Christopher Eisgruber, said the institution would be removing the name of former President Woodrow Wilson from its school of public policy and residential college.  "Wilson's racism was significant and consequential even by the standards of his own time.  He segregated the federal civil service after it had been racially integrated for decades, thereby taking America backward in its pursuit of justice," Eisgruber said Saturday [6/27/2020].  But critics on the right say the mere removal of the racist Democrat's name doesn't go far enough to redress the historic racism of the Wilsonian era.  They are now calling for the cancelation of the federal income tax that Wilson signed into law in 1913, two years before he screened the pro-Klan film "Birth of a Nation" at the White House.

CNBC Reporter:  Biden Is Offering Most Expensive Tax Plan Of Any Democratic Candidate In Recent History.  Joe Biden is presented by Democrats and the media as a moderate, but that's simply not true.  His tax plan is ridiculously expensive.  It would spend trillions more than even Hillary Clinton's tax plan in 2016.  Robert Frank of CNBC recently laid it all out.

N.J. mall owner wants $25M tax holiday this year, huge tax cuts for years to come.  A company that operates three shuttered New Jersey malls is asking Gov. Phil Murphy and local officials to defer $25 million in real estate taxes it is expected to pay this year because of losses from the coronavirus pandemic shutdown.  Joseph Coradino of the Pennsylvania Real Estate Investment Trust is also asking for a 40% tax reduction next year, 30% the year after that and then a permanent cut of 20%.

Florida Has A Budget Surplus and No State Income Tax.  While Democrat states attempt to use the China coronavirus crisis to pay off their massive debts after years of corruption and mismanagement, states like Florida maintain budget surpluses and are opening their states up for business again.  Florida governor Ron DeSantis met with President Trump in the White House this past week and discussed his state's actions related to the coronavirus.

Cuomo Gives People Another Reason to Hate New York:  He'll Tax Coronavirus Volunteers.  If you're a healthcare worker who went to New York to volunteer to help fight the coronavirus outbreak there, Gov. Andrew Cuomo says you owe New York state income taxes.  Even if you were not working for any pay in New York, but you were still being paid in your home state.  Pay that enabled you to volunteer and put your own health in danger to help New York.

Vermont's giant sucking sound:  Residents flee government bloat.  In 1992, Ross Perot famously stated that NAFTA would cause a "giant sucking sound" as jobs and industries fled the U.S. for Mexico.  For years, progressive Vermont's bloated bureaucracy has increased regulations, social programs, and income and real estate taxes in the fantasy that the rich can just be taxed more to achieve every imagined social good.  But the COVID-19 crisis has pulled aside the fiscal veil, and now the Green Mountain State is careening into the red.  A "giant sucking sound" is heard from Vermonters fleeing the state.  Vermont has stubbornly avoided funding its state pension system.  It "boasts" the second highest per-pupil school costs in America, the fourth highest health care costs, and the fourth highest welfare benefits.  Unsurprisingly, it also distinguishes itself as the 49th worst business climate and the only state to have its credit rating downgraded in 2019 — when economic times were relatively good.

N.J. facing 'fiscal disaster' that's just weeks away from coronavirus pandemic, Murphy says.  New Jersey is facing a financial disaster due to loss in revenue and spike in expenses related to the coronavirus outbreak that could be just weeks away, Gov. Phil Murphy said Monday [5/4/2020].  "Right now, it's pouring," Murphy said, shortly after announcing he was ordering all public and private schools closed for the rest of the academic year.  "We are on the brink of having to make very tough and, quite frankly, very unpalatable decisions."

The Editor says...
There are only two possible decisions:  Raise taxes, or return the state to the way it was in 2019.  Which one is more likely to happen?

State tax revenues crater due to coronavirus.  The economic effects of the coronavirus have finally caught up with West Virginia, with April tax collections coming in substantially below estimates for the month.  According to data collected by the State Auditor's Office, tax collections for the state's General Revenue Fund came in 33 percent below the adjusted revenue estimates set in January by the Department of Revenue.

How the COVID-19 virus has impacted New York state finances.  New York isn't broke, as Gov. Andrew M. Cuomo likes to say.  But with revenue plunging, without further help, it might have to make spending cuts quickly and dramatically — $10 billion or more.  Or raise taxes.  A 463-page document released by Cuomo's budget division outlines how the state is staying afloat through workplace shutdowns caused by the coronavirus that have sent the economy tumbling.

The Editor says...
Just what New York needs:  an excuse to raise taxes.

Nashville budget proposal includes 32 percent property tax increase.  Despite the economic downturn caused by the response to COVID-19, Nashville Mayor John Cooper has proposed raising the city's property tax by 32 percent as part of his fiscal 2021 budget proposal.  Facing an expected revenue loss of $470 million over a 16-month period, Cooper proposed to increase the property tax rate from $3.155 up to $4.155 per $100 of assessed value.

Washington state Supreme Court denies Seattle's bid for income tax on wealthy households.  Washington's Supreme Court has denied Seattle's bid to reinstate an income tax on wealthy households, declining to hear the city's case and dealing a major blow to advocates for tax system reform in the state.  In a majority decision, the Supreme Court on Thursday [4/2/2020] declined to review the city's request to overturn rulings against the tax by a King County Superior Court judge and the state Court of Appeals.

What Is a Mainstream Democrat?  [Scroll down]  Democrats believe that everybody else should be paying higher taxes.  Democrats like Bill Clinton and Warren Buffett love to complain that they don't pay enough in taxes, yet they don't voluntarily write checks to the IRS to pay more — they simply complain to virtue-signal to the general public.  The reason Democrats have an insatiable greed for tax dollars is because they want to buy votes through the redistribution of wealth.

IRS data show progressive plans require huge middle-class tax hikes.  Out of 147 million IRS tax filers in 2018, just 0.3% (about 500,000) had incomes above $1 million.  These earners and families made 17% of all taxable income in 2018 (just shy of $1.5 trillion) and paid 28.6% of all income taxes.  That is significantly more than they would pay in a strictly proportional system, and of course, it doesn't count state or local income taxes or the business taxes that high earners often pay.  Meanwhile, the 85 million filers at the bottom of the pay scale faced a justly and reasonably lower tax bill.  Those reporting incomes of $50,000 or less (more than half of all filers) shouldered just 5.5% of the nation's total income tax bill.  This goes to show that the United States has a tax system that favors those with lower incomes and demands a fair share, by any reasonable definition, from millionaires and billionaires.

Virginia Dems to Raise Gas Tax by 10 Cents a Gallon.  Virginia Democrats agreed to a deal raising gas taxes in the state by a total of 10 cents over the next two years, a move party leadership said would give people "more time with their families."  With Democrats also expanding a regional gas tax, overall gas taxes will more than double in some areas of the state from 16 cents to 34 cents, according to NBC Washington.  Democratic lawmakers said the increases would help reduce traffic on busy roadways in the state.

The Editor says...
It is ironic that the Abortion Party wants people to spend "more time with their families."  Some people don't have families because the Democrats have made abortion widely available.

Biden Is Not a Moderate, He's Promising to Raise Your Taxes.  Here's what would happen if Biden got what he wanted, according to the Americans for Tax Reform.  A family of four earning the median income of $73,000 would see a $2,000 tax increase.  A single parent (with one child) making $41,000 would see a $1,300 tax increase.  Millions of low and middle-income households would be stuck paying the Obamacare individual mandate tax.  Utility bills would go up in all 50 states as a direct result of the corporate income tax increase.  Small employers will face a tax increase due to the repeal of the 20% deduction for small business income.  The USA would have the highest corporate income tax rate in the developed world.  Taxes would rise in every state and every congressional district.  The Death Tax would ensnare more families and businesses.  The AMT would snap back to hit millions of households.  Millions of households would see their child tax credit cut in half.  Millions of households would see their standard deduction cut in half, adding to their tax complexity as they are forced to itemize their deductions and deal with the shoebox full of receipts on top of the refrigerator.  This would kill the booming economy and decimate many middle class families.

Critics argue Gov. Newsom is diverting gas tax money to projects voters did not approve of.  [Scroll down]  "Instead of building capacity on our highways to move people and freight, Governor Newsom is funding his pet rail projects throughout the state," state Assemblyman Jim Patterson, R-Fresno, said.  "This theft of funds meant to improve our roadways is a glimpse into the future of transportation in our state and Newsom continues to execute his September 2019 Climate Change Executive Order.  The Central Valley is just the beginning.  Other road projects will likely be next."  "This is theft of our gas taxes by Executive Order," Patterson added.

A wealth tax is a terrible idea.  Throughout the first stage of the Democrats' nomination contest, Sens. Elizabeth Warren and Bernie Sanders seemed to be competing against one another for who can impose the most burdensome new taxes — or better yet, who can crash the U.S. economy quicker if elected.  Both candidates promise to impose higher estate taxes, higher taxes on small businesses, and a new "wealth tax," which the Tax Foundation's analysis shows would kill jobs and slow economic growth.

Seattle City Councilmember Sawant says her tax on big businesses would raise $300 million a year.  Seattle City Councilmember Kshama Sawant outlined her new proposal Wednesday for a tax on big businesses such as Amazon, saying she intends to introduce legislation that would impose a payroll tax of 1.7% on the largest 3% of Seattle corporations, as measured by payroll in the city.  The tax would apply to about 825 companies (those with at least $7 million in annual payroll) and would raise $300 million a year, Sawant said, citing work by the council's central staff.  Supermarkets would be exempted.  She said her plan would direct 75% of the money raised by the tax to build affordable housing and 25% to convert Seattle homes from gas and oil to electric systems.  "This will be working-class housing," the councilmember said.  Sawant announced the proposal at a City Hall news conference.  The actual legislation has yet to be written, and no other council members joined her Wednesday [2/12/2020].  She didn't immediately share the staff calculations behind her plan.

The Left Is Itching to Repeal Your Tax Cuts.  Here's What That Would Mean.  Since the 2017 tax cuts are now two years old, it's worth revisiting the most universally agreed upon Democratic proposal to raise your taxes:  the Repeal the 2017 Tax Cuts and Jobs Act.  Leading Democrats like Sens. Elizabeth Warren, D-Mass., and Bernie Sanders, I-Vt., have said they want to roll back the 2017 tax cuts.  Taking them at their word, what would a repeal of the tax cuts look like for the average American taxpayer?

Here's What the Tax Cuts Have Done for America in 2 Years.  It's been two years this month since Congress passed and President Donald Trump signed the Tax Cuts and Jobs Act, providing the first major tax reform since 1986.  It was a historic overhaul that has delivered tangible benefits for our national economy.  The tax cuts lowered our federal corporate income tax rate, which was hurting American job creators' ability to compete on a global stage.  Previously at 35%, the U.S. rate was one of the highest in the developed world.  Now at 21%, it is closer to the average corporate income tax rate among developed countries, which allows U.S. companies to compete on a more level playing field.

Ohio Town Votes to Dissolve Local Government Due to Excessive Taxation.  Here's one that will make any conservative smile.  An Ohio town recently channeled the American revolutionaries and exercised the clause in the Declaration of Independence that gives the people permission to throw off a government that oversteps its bounds.  Fortunately, they managed to do this without firing a single shot, unlike the American colonists.  The residents of Amelia, Ohio just voted to dissolve their city's government and to disband the city.  Why?  Because of excessive taxation.  The Founding Fathers would be proud.  But this vote did not come out of nowhere.  The New York Times reported that the dismantling of the city was the result of a fiery year-long debate over taxation.

Democrats Demand Higher Taxes for the Poorest Americans to Pay for Their Socialist Schemes.  Democrats running for president couldn't be more clear:  they want to raise taxes on low- and middle-income Americans.  And they're proud of it!  Not to balance the debt mind you, but to fund their increasingly unhinged policies for "giving" free health care, college tuition, housing and food to everyone in America, with illegal immigrants at the front of the line.

A drop in people, a $1 billion rise in property taxes.  Property tax collections by local governments in Illinois increased nearly $1 billion between 2017 and 2018 even as the state lost thousands of residents over that year.  Combined, 6,042 local governments received $31.8 billion in property taxes last year, according to Illinois Department of Revenue reports.  That was $944 million more than what was collected in 2017 by those agencies.

Millennials Are Fleeing Cities For Refuge From Democrats' Disasters.  [Scroll down]  My home city of Philadelphia is a prime example.  Here, 60,000 residents leave per year, and half of them are 18 to 34 years old.  The reason?  Urban centers like Philadelphia are bent on destroying the very conveniences that drew millennials to the city in the first place.  Here, the combined effect of sky-high taxes and outdated regulations add up to an all-out war on millennials.  Or at least a war on the things they love the most.  Brunch, for example.  In Pennsylvania, where I live, the number of available liquor licenses is restricted by our state liquor monopoly.  These restrictions and the fact that licenses are sold at auction (seriously!) make selling booze way too expensive for business owners.

California hikes tax rates on legal marijuana businesses again.  California is increasing business tax rates on legal marijuana, a move that stunned struggling companies that have been pleading with the state to do just the opposite.  Hefty marijuana taxes that can approach 50 percent in some communities have been blamed for pushing shoppers into California's tax-free illegal market, which is thriving.

Shaking Down the Rich Is Bad for Democracy.  Forget whether the math works.  (It doesn't.)  Expecting billionaires to pay for all the nice things is bad for democracy.  One of the more exhausting rituals of presidential campaign season is the effort to make every new proposal "add up."  Sure, it's better that politicians try to come up with a plan to pay for their wish lists.  The problem is that the explanations are often a disguise that make the impossible seem possible, even practical.  Fake budgets are the tribute that pandering pays to pragmatism.  You could confiscate the wealth of every billionaire and centimillionaire in the country and it wouldn't come close to paying for Medicare for All or the Green New Deal.

Elizabeth Warren:  Your wealth tax plan?  It's unconstitutional.  Democratic presidential hopeful Elizabeth Warren is vigorously promoting her proposed wealth tax aimed at the super rich whom she says don't pay their fair share.  It isn't really a "billionaire tax" — the levies kick in at 2% annually on households with a net worth of $50 million, rising to 6% for those with a net worth of a billion dollars or more.  And unlike income taxes, this covers every form of wealth and property, even "yachts, jewelry and fine art," held in the United States or abroad.  It takes class warfare to a whole new — and probably illegal — level.

Many journalists would rather have the economy collapse than have a Republican in the White House.  Everything the Democrats are proposing relating to the economy involves imposing major tax increases and substantial increases in regulations.  Every policy involves transferring massive amounts of money, power and freedom from businesses and the people and handing it over to the very wealthy politicians and bureaucrats in DC who produce nothing.  If they get elected and get three of their proposals enacted the economic collapse would be greater than anything we have ever seen.  The first disastrous policy would be Medicare for all.  Millions of jobs would be lost and trillions of stock, bond and real estate values would be lost, harming 100% of us.  When Elizabeth Warren was asked about the millions of jobs that would be lost, she gave one of the most idiotic answers ever.  She said those people could just sell life, auto and home insurance instead of health insurance as if demand for those products would skyrocket.

Fake Wealth and Income Statistics.  Tendentious statistics are constantly put forth by various neo-Marxists trying to prove that American society is unjust and that confiscatory taxes should therefore be imposed on the wealthy.  The advocates of a wealth tax don't seem to be aware that we already have a 40% wealth tax imposed upon death — the estate tax.  The neo-Marxists often contrast the maximum 37% tax on earned income with the maximum 24% (technically 23.8%) tax on long-term capital gains.  But capital gains taxes are often a tax on inflation.

Colorado voters strongly reject ballot measure allowing state to increase its revenues.  Despite Colorado handing Democrats control of both houses of the state Legislature, the governor's mansion, and three other statewide offices, its voters don't want the state to keep more of their money.  A ballot measure to increase state revenue, Proposition CC, went down to strong defeat.

Here's a list of $20.35 trillion of Elizabeth Warren tax hikes.  Over the course of her campaign for president, Sen. Elizabeth Warren has proposed more than $20.35 trillion in tax increases.  The taxes have been sweeping — hitting payrolls, investments, wealth, military contractors, and guns and ammo.  They will hammer billionaires and middle-class families.  Below, I've compiled an itemized list of all the taxes we have a specific estimate for, as well as additional tax increases she has proposed for which there is no estimate, and other ways she anticipates raising revenues by an additional $3.7 trillion without explicit tax increases.  This list will be updated as it grows over the course of the campaign.

Is California Becoming Premodern?  Taxpayers in California, whose basket of sales, gasoline and income taxes is the highest in the nation, quietly seethe while immobile on antiquated freeways that are crowded, dangerous and under nonstop makeshift repair.  Gas prices of $4 to $5 a gallon — the result of high taxes, hyper-regulation and green mandates — add insult to the injury of stalled commuters.  Gas tax increases ostensibly intended to fund freeway expansion and repair continue to be diverted to the state's failing high-speed rail project.

Federal Income Taxes and Federal Spending Both Set Records in FY19.  The amount of money the federal government collected in individual income taxes and the total amount of money the federal government spent both set records in fiscal 2019, according to the Monthly Treasury Statement released Friday afternoon [10/25/2019].  However, even while collecting a record amount in individual income taxes, the federal government still ran a deficit of $984,388,000,000 during the fiscal year.  In fiscal 2019, which began on Oct. 1, 2018 and ended on Sept. 30, 2019, the federal government collected $1,717,857,000,000 in individual income taxes, according to the Monthly Treasury Statement.

Biden's Wealth Tax?  Tax Investors 40% on Capital Gains.  Former Vice President Joe Biden says he would tax investors by raising the capital gains tax, now 15 percent or 20 percent on the sale of most assets, to 40 percent.  The money raised would go to programs for the middle class.  "I don't oppose a wealth tax," Biden told CBS's "60 Minutes" in an interview that aired Sunday night [10/27/2019].  (Democrat Sen. Elizabeth Warren has proposed a 2 percent tax on people with a net worth of $50 million to $1 billion and a 3 percent annual tax on households with a net worth over $1 billion.)

The Democratic plan for a 42% national sales tax.  If you're a Democrat who supports "Medicare for All," pick your poison.  You can ruin your political career and immolate your party by imposing a ruinous new sales tax, a gargantuan income tax hike or a surtax on corporate income that would wreck thousands of businesses.  This is the cost of bold plans.  Supporters of Medicare for All, the huge, single-payer government health plan backed by Bernie Sanders, Elizabeth Warren and several other Democratic presidential candidates, say it's time to think big and move to a health plan that covers everyone.  Getting there is a bit tricky, however.  A variety of analyses estimate that Medicare for All would require at least $3 trillion in new spending.  That's about as much tax revenue as the government brings in now.  So if paid for through new taxes, federal taxation would have to roughly double.

Three Far-Left Economists Are Influencing The Way Young People View The Economy And Capitalism.  Emmanuel Saez and Gabriel Zucman are University of California, Berkeley economics professors and key players in designing economic policy for 2020 Democratic hopefuls Elizabeth Warren and Bernie Sanders.  Saez and Zucman helped design Warren and Sanders' wealth tax plans and have presented misleading calculations that claim "Medicare for All" would cut taxes for most Americans, despite Sanders admitting he would raise taxes on the middle class in order to achieve his "Medicare for All" plan.

Elizabeth Warren's Financial Berlin Wall.  [Scroll down]  But this is not good enough for Elizabeth Warren, who proposes to build a financial Berlin Wall to keep the rich guys in.  That's a little bit funny:  Billionaires are awful, evil, wicked, and should not exist — but [they will have trouble] if they try to grant Bernie Sanders his dearest wish and skedaddle.  Singapore doesn't think billionaires should not exist.  Neither does Sweden.  Neither does Switzerland.  Neither does Italy.  Why not let those horrible pinstriped social diseases just go where they are wanted?  Because this is not about revenue.  This is about revenge. [...] It is difficult to accept the proposition that in a free society the freedoms enjoyed do not include the freedom to leave.

Elizabeth Warren wealth tax:  Unfair, counter-productive, growth-killing, and un-American.  Massachusetts Senator Elizabeth Warren, the Democratic candidate for President, has proposed the passage of a wealth tax.  The tax would be 2% annually on net worth between $50 and $100 million, and 3% on net worth above $1 billion.  This is a disastrous proposal for America.  The proposed Warren tax on wealth is unfair, counter-productive, growth-killing and downright un-American.  Warren says that income inequality has worsened.  She claims the gap between the richest Americans and the average Americans is widening.  Warren points out that it is simply not fair that a few people have so much, while many people have so little.  To correct this, she wants to impose a wealth tax, which, coupled with social programs, would re-distribute income[.]

O'Rourke's America.  [Scroll down]  Democrats, no longer content to impose confiscatory taxes on income, now propose — here again, Sanders and Warren stand together — to seize Americans' savings, confiscating their property rather than merely levying their income.  If you don't like that, you can organize a political campaign against it — maybe, if the Democrats will let you.  But keep in mind that Democrats today also hold as an article of faith that the federal government should have the power to prohibit the distribution of videos critical of Democratic presidential candidates, which is what the Citizens United case was all about.

Newsom's Gas-Tax Switcheroo.  The gas tax was sold as a means to fix and expand freeways, but S.B. 1's fine print gave state officials much latitude to spend the money in other ways.  Voters should have known better but, hey, this is California.  Voters' own culpability didn't stop them from getting angry after Gov. Gavin Newsom last month signed an executive order diverting road funds to his pet rail projects.

Billionaires Could Face Tax Rates Up to 97.5% Under Sanders.  Billionaires may have much more to fear from a Bernie Sanders presidency than they do from an Elizabeth Warren administration, according to two economists advising both candidates.  That's one of the conclusions of a new interactive website developed by University of California, Berkeley professors Emmanuel Saez and Gabriel Zucman.  If Sanders had his way, they calculate that the 400 richest Americans, on average, would have an effective tax rate of 97.5%.  That includes not only their income, but also a wealth tax that whittles away at the family fortune.

Warren Proposes Ending Trump Tax Cuts and Adding 3 New Taxes.  Senator and presidential contender Elizabeth Warren (D-Mass) has proposed rolling back the tax cuts implemented by the Trump administration in 2018 and imposing an "ultra-millionaire tax," an "excessive Lobbying Tax," and an increased tax on gun manufacturers."  She claims these new taxes will ultimately serve the purpose of financing "universal childcare, student loan debt relief, and down payments on a Green New Deal and Medicare for All."

Why Elizabeth Warren will fail to shine in her moment on the trail.  While a wealth tax in the United States is likely unconstitutional to begin with, it is certainly unenforceable in the way that Warren desires.  Look no further than what happened in 1990, when President Bush caved to Democrats in Congress to raise taxes on luxury goods.  Commonly referred to as the yacht tax, it implemented excise taxes on items associated with the wealthy such as cars, jewelry, and private jets.  When the levy passed, Congress predicted it would bring in $31 million during the first year, but the actual haul was half of that.  Consumption of such high end goods fell and prices soared.  The most tangible results of the tax were most devastating for middle class workers, as nearly 10,000 jobs were destroyed in the luxury goods industry, and the less than $18 million in new tax revenue was offset by over $24 million in lost income tax and unemployment benefits for the newly out of work employees.  The taxes were slowly and quietly repealed in the 1990s and early 2000s.

Americans Spent More on Taxes in 2018 Than on Food, Clothing and Health Care Combined.  Americans on average spent more on taxes in 2018 than they did on the basic necessities of food, clothing and health care combined, according to the Bureau of Labor Statistics Consumer Expenditure Survey.  The survey's recently published Table R-1 for 2018 lists the average "detailed expenditures" of what the BLS calls "consumer units."  "Consumer units," says BLS, "include families, single persons living alone or sharing a household with others but who are financially independent, or two or more persons living together who share major expenses."

Victory for Trump Tax Reform:  Federal Court Upholds State, Local Deduction Limits.  The Trump administration's signature tax reform law's cap on federal deductions for state and local taxes does not violate the constitution, a federal judge ruled on Monday [9/30/2019].  A federal judge dismissed a lawsuit filed by four states against the Internal Revenue Service, rebuffing their challenge against a new $10,000 cap on the deduction for state and local taxes, also known as SALT.  Those states were New York, New Jersey, Maryland, and Connecticut.

Impeachment nonsense provides cover for Dems' daffy promises.  [Scroll down]  Elizabeth Warren recently proposed a "wealth tax" — anyone with a net worth (as opposed to income) of more than $50 million would have to pay an extra $1 million a year in taxes.  Some countries have tried this, but it only led to flight of capital and massive fraud.  Among the nations that eliminated the tax were France, Germany, Italy, Ireland, Sweden and the Netherlands.  Not to mention, what's to stop some couple with a net worth of above $50 million from divorcing to get under the threshold?  So Bernie Sanders took one look at the Warren plan (and most likely his drooping poll numbers) and adjusted it to ensnare any taxpayer with a net worth of over $32 million.

30 of The Biggest Lies & Hoaxes Perpetrated on The American People.  [#10] Taxes:  You are being charged income taxes, taxed on all products, food, and numerous services, to take away nearly 1/3 of your hard earned income to intentionally keep you living paycheck to paycheck, while those taxes are used to fund NGOs and a myriad of other things that never truly see the light of day because the money is pocketed.  Billions.

Seattle's proposed tax on Uber, Lyft rides would help fund affordable housing, streetcar.  A proposed tax on Uber and Lyft rides in Seattle could help fund affordable housing units and transportation projects in the city, Mayor Jenny Durkan announced this week.  Durkan proposed the 51-cent tax on rideshares, on top of an existing city fee on Uber and Lyft of 24 cents per ride.  The proposal would also require Seattle drivers be paid a minimum wage and get compensation for benefits and expenses effective July 2020.  But it is facing pushback from rideshare companies, which say the tax would raise prices for riders and hurt those in under-served communities.

The New Road to Serfdom.  Senators Sanders and Warren are battling for the heart and soul of the progressive wing of the democrat party by making outlandish promises.  Neither claims to be a socialist, Sanders says he's a democratic socialist whatever that is, but their proposals and philosophy certainly have the trappings of Socialism.  Their basic philosophy is to promise programs that guarantee individual security and deliver on those promises by increasing government authority over all aspects of life and the economy. [...] The appeal of these proposals is mystifying because taxes on everyone would have to significantly increase.  The Sander's tax plan would raise $15.3 trillion over the next decade, according to the Urban-Brookings Tax Policy Center (TPC).  Even if you believe these calculations, which should be taken with a lot of grains of salt, the net result is a growing national debt and more taxes for everyone.

Contesting the Progressives' Takeover of Vermont.  Vermonters love their state, but most are struggling to afford to live here.  Many are paying $10,000 or more annually in real estate taxes on family land, which is often in a "current use" conservation program — but still the taxes escalate.  Retirees sell up and live in RVs, "going mobile" to avoid taxes.  Young people seek tiny houses to shrink what the Vermont government can siphon off from their incomes.  But still the government bureaucracy swells, regardless of the underlying economy.  Vermont boasts the fifth highest property tax in the nation, but the 24th lowest median income, and the 19th lowest home values.

Progressive tax-the-rich push gains momentum.  Sen. Elizabeth Warren (D-Mass.), who has already proposed a new wealth tax to raise funds for a variety of new government programs, on Thursday unveiled a plan to expand Social Security by creating two new taxes on wage and investment income for wealthy Americans.  The proposal comes as Warren enjoys a long stretch of momentum in the presidential race that has lifted her in polls and put her side-by-side with former Vice President Joe Biden during last week's Democratic debate.

Carl Icahn Is Heading to Florida for Lower Tax Rates.  Billionaire Carl Icahn is planning to move his home and business to Florida to avoid New York's higher taxes, according to people familiar with the matter.  Icahn, 83, who was born in the Far Rockaway neighborhood in Queens, New York, has been an icon on Wall Street for decades.  In the 1990s, he bought a mansion in the exclusive Indian Creek island enclave on Biscayne Bay in Miami.

Dems Endorse Huge Tax Hikes on Lower- and Middle-Income American Taxpayers.  CNN hosted a discussion yesterday [9/4/2019] with the major Democratic candidates about global warming ... oops, I mean climate change ... no, sorry, the preferred term is now "climate crisis."  Shockingly, something newsworthy actually happened.  As reported by The New York Times, most of the candidates expressed support for a big carbon tax that would be especially painful for poor and middle-class taxpayers.

What the Elites Think Americans 'Need' Has Nothing to Do with Individual Rights.  Leftists incessantly entreat Americans with the question, for example, "why should someone need X millions" of legally acquired dollars?  Our response shouldn't be to ponder or address why someone else might need that amount of money.  That question is utterly irrelevant.  What we should be asking is, what right of mine do I own to demand that the government take their individual property rights from them?  The "ultra-millionaire" wealth tax that Elizabeth Warren has proposed is, without question, an unconstitutional violation of individual property rights.  But it's seductive, because the masses buying into it care more about their moral indignation resulting from someone potentially having more money than he or she might "need" than about the individual right to property which would be unmistakably stolen from those Americans who are targets of any new "wealth tax."

Can the Democratic Party Govern America?  Once in power, the Democrats are committed to Medicare for all, reparations for African Americans, and new environmental programs amid a myriad of spending programs.  The estimated average annual cost of these proposals exceeds $6 Trillion over and above current spending.  At present the federal government spends $4.7 Trillion (which includes $1 Trillion of deficit spending).  Income taxes account for 50% of all government revenue and Social Security and Medicare withholding account for 36%.  Thus, individuals account for 86% of all revenue.  In order for the Democrats to pay for these programs, revenue from individual taxpayers would have to be increased by 200%.

Joe Biden Pledges To Eliminate All Trump Tax Cuts.  Joe Biden pledged to eliminate all of President Donald Trump's tax cuts when campaigning in Iowa over the weekend.  Biden, who has made no effort to hide his ambition to raise taxes if elected in 2020, told a crowd in the Hawkeye State that by eliminating the tax cuts Trump passed during his first year in office, the country could spend more on healthcare and other items.  The former vice president, however, did not just promise to roll back some of the cuts for the wealthy, like his other 2020 competitors, but he pledged to "eliminate" all of them.

Florida Making Billions as Americans Flee High-Tax States.  The state of Florida is making billions in tax revenue due to an influx of new residents fleeing high-tax states.  A new study performed by LendingTree found that the Sunshine State is "the number one largest beneficiary from relocations out of all 50 states — by a landslide," according to Fox Business.  The 2016 IRS data analyzed showed that individuals who relocated to Florida brought in a combined adjusted gross income (AGI) of nearly $30.2 billion.

In suburbs, spiral of decline becomes homeowners' burden.  Tucked on the outer edges of southern Cook County, suburban Park Forest was built to help answer a housing shortage in the 1940s as GIs flooded home from World War II. Before long, it became a model of suburban living, featuring enviable public schools and an attractive downtown shopping center anchored by a Marshall Field's.  Today, the legacy department store is long gone.  The high school, Rich East, is facing such low enrollment that it is being considered for closure.  And, as of 2017, financially strapped homeowners were stuck with the second-highest property tax rate in Cook County, at an average of nearly 34 percent.

Do You Understand that Democrats will Destroy America?  The race for the 2020 Democratic presidential nomination is quickly becoming a contest to determine which candidate wants to tax the rich the most.  Democratic candidates have been attracted to Congresswoman Ocasio-Cortez's proposal to tax incomes over $10 million at a 70% rate.  Not to be outdone, Ilhan Omar has proposed a 90% top rate.  But what are the benefits and costs of these proposals beyond the fun of calling to soak the rich?  According to the Tax Foundation, a 70% tax on all income over $10 million would raise only $51.4 billion over ten years and lose revenue in the first two years of its enactment because people would forego capital gains.  The federal budget is estimated to collect $3.645 trillion in taxes in fiscal 2019, so the increased tax revenue will be trivial in terms of changing the actual amount of taxes the US government will have to spend, but it will have strong disincentives on entrepreneurship.  It is America's high rate of innovation and entrepreneurship that account for American economic success and wealth.

Taxes do not generate money.
Senators to unveil carbon tax bill to generate $2.5 trillion in 10 years.  Two Democratic U.S. senators will unveil a bill on Thursday [7/25/2019] to curb climate change by slapping a fee on oil, natural gas and coal and delivering most of the revenues to low- and middle-income Americans, one of the lawmakers said. 

The Editor says...
No legislation of any kind will stop the climate from changing.

20th-Century Progressive Politics Continues to Unfold.  Woodrow Wilson got things going in 1913.  The 16th Amendment, ratified in 1913, established the progressive income tax.  It provides the financing for the gargantuan central government which has replaced the federal government of limited powers America once had.  The 17th Amendment, also ratified in 1913, provided for the direct election of senators.  Senators had been chosen by the legislatures of the states.  The change diminished the power of the states, and led to the concentration of political and economic power inside the Beltway we have today.  The creation of the Federal Reserve — 1913 was a banner year for such "innovations" — was the progressives' crown jewel because of the control it gave the central government over finance and the economy.  Thus the basics of the modern progressive state were all put in place within a single year.

Disabled Vet Loses His Home over $236 in Unpaid Taxes.  In 1991, Air Force veteran Jim Boerner suffered "spinal and brain injuries" during a training exercise at Keesler Air Force Base in Mississippi.  Until recently, he had been the proud owner of a mobile home in a Mesa, Arizona mobile home community.  He "loves his neighbors" there and "brings flowers to widowed neighbors on Christmas, Easter, and Mother's Day," Rebekah L. Sanders of the Arizona Republic writes.  He had purchased the home, his "nest egg," as he refers to it, for a sum somewhere just north of $30K, according to the article.  Now, at age 49, he is on the verge of being evicted by the new owner of that mobile home, which was seized by the government for Boerner's having been delinquent on his taxes — to the tune of an unpaid amount of $236.  The home's buyer, named Lester Payne, purchased the home at auction for the trifling sum of $4,400.

America's Road to Socialism Has Been Cobbled by Taxation and Debt.  Marx knew that the struggle between socialism and capitalism was a duel to the death, not a negotiation.  An economic system where individuals have fundamental property rights cannot coexist with an economic system which is predicated upon perpetually infringing upon certain individuals' right to property in order to provide for others.  Only one of these systems could practically, morally, and politically exist in the end.  What Americans don't seem to recognize, when we speak of our nation as a "capitalist" nation, is that American socialists began cobbling such "inroads upon the social order" a hundred years ago.  These impositions on the free market began modestly, with a progressive income tax.

2020 Democrat Candidates' 21 Most Insanely Scary Proposals.  [#18] Tax Increases for All Americans:  Every Democrat candidate, including "moderate" Joe Biden, has promised to raise every Americans taxes by repealing Trump's across the board tax cut.  Trump's tax cut reduced the taxes on every American paying taxes — that means a repeal increases our taxes.  [#19] Tax Rates as High as 77 Percent:  Sanders is proposing a death tax of 77 percent while Bill de Blasio is proposing a 70 percent income tax rate.

Illinois tax hikes could kill small businesses, expert warns.  As of Monday [7/1/2019], Illinois drivers face a much higher fuel tax, which could spell bad news not only for drivers — but also for small businesses in the area.  The state doubled its gas tax to 38 cents per gallon, up from 19 cents per gallon — which had been the rate since 1990.

Illinois Gasoline Tax Doubles Today.  The state's tax on gasoline today [7/1/2019] will spike to 38 cents per gallon — doubling from the 19-cents-per-gallon state tax Illinois drivers have paid to fuel up since 1990.  Just in the first year, the gas tax will take $1.2 billion more from Illinois drivers, or an average of $100 more per driver.  Illinois' doubled state gas tax comes as part of a $45 billion capital plan Gov. J.B. Pritzker signed into law June 28, on top of 20 more tax and fee hikes to pay for required infrastructure spending as well as for the state's record $40.6 billion fiscal year 2020 budget, which also starts today.  Despite all the new taxes, this will mark the 19th year Illinois will end up spending more than it collected in revenue — as much as $1.3 billion more.

If you live in these areas [of Chicago], your property taxes are about to soar.  If you're a single-family homeowner on the North Side or in the central area of Chicago, hang onto your wallet, because you're about to get clobbered.  Cook County Clerk Karen Yarbrough today released her final calculations on new property tax bills that are about to go in the mail.

Michigan Governor Proposes Raising Gas Tax to the Nation's Highest.  Michigan Gov. Gretchen Whitmer's proposal to increase the gas tax by 45 cents, which would give Michiganders the highest fuel tax of any state, is overwhelmingly opposed by small business owners, according to a recent poll by the National Federation of Independent Business (NFIB).  Ninety-three percent of NFIB members surveyed said the state legislature should not adopt the tax hike.  Less than one-third supported an alternative one-cent increase in the state sales tax to 7 cents to pay for roads.

The Editor says...
How did the roads get built 50 years ago?

Deep Blue Connecticut Is A Model For How Not To Run An Economy.  Connecticut is currently facing a $3.7 billion-plus deficit, but the problem is much worse than it looks.  Research found that Connecticut has the worst-funded pension system in the country for the second year in a row.  Unfunded pension liabilities amount to $117.7 billion and unfunded liabilities for other post-employment benefits (OPEB) amount to $36.7 billion.  While the 6.35 percent general sales tax rate isn't raised, the new budget expands the sales tax base to include more goods and services.  The sales tax would expand to include parking, dry cleaning, laundry, interior design services and safety apparel.

The Editor says...
Why isn't the general sales tax applied to all that stuff already?

Illinois Does a Connecticut.  The last state to adopt a progressive income tax was Connecticut in 1996, and we know how that turned out.  Now Democrats in Illinois want to follow Connecticut down the elevator shaft with a referendum replacing the state's flat 4.95% income tax with progressive rates they will set later.  This is a classic liberal bait-and-switch — vote now on a promise to fix a fiscal mess, pay later as the fiscal mess gets worse.

New Illinois tax hikes might prompt consumers to cross the border for gas and cigarettes.  New Illinois tax hikes aimed at generating revenue for transportation and building improvements may send consumers running for the border to get cheaper gas and cigarettes.  The taxes may also force hundreds of convenience stores in Illinois to close, according to industry advocates, costing potentially thousands of jobs and creating a veritable slushie desert across some regions of the state.

Mr. Smith Doesn't Go to Washington to Give Back.  [C]alls for higher taxes and more government-funded programs are only increasing.  And, it's not just the 2020 Democratic presidential candidates calling for bigger government.  Billionaires Howard Schultz and Bill Gates have made headlines this year for lamenting that they are unable to pay more taxes than they already do given their enormous incomes.  Both have paid eye-popping sums:  Gates has contributed more than $10 billion!  Their sense of gratitude is admirable, but both men are wrong in seeing the government as the best option to steward the money they've earned.  Schultz and Gates' success does come with a responsibility to share their gifts with those less fortunate, but generosity should be an act of free will, both in terms of the sum and the recipient.

Chicago's Hemorrhaging Housing Market.  Government-employee unions have pushed legislation that gradually forces local municipalities to ramp up pension contributions, even as efforts to control retirement-system costs have sputtered.  The result:  higher taxes.  Chicago's annual pension payments have doubled over the last few years, to nearly $1.2 billion, and are set to rise to $2 billion within three years.  In 2015, the city passed $543 million in property-tax increases, phased in over three years, to pay for the burden.  Every penny that the city collects in property taxes goes into the pension system.  The financially troubled Chicago school system has also been raising its share of local homeowner taxes, including a $224 million hike in the 2017 school year.  The combined bite now gives Chicago among the highest residential property-tax rates of any American city.

Make Those Nasty Drivers Pay!.  [Scroll down]  That is why local officials find it easy to levy hefty taxes on hotel rooms and rental cars — the tax is paid by visitors from elsewhere, not by constituents who vote.  And it is why New York City now plans to spend billions on increased subsidies for the subway — by soaking it to people who drive cars.  The New York metropolitan area is by far the most populous in the United States, with well over 23 million residents.  Because so many of the suburbs are in New Jersey and Connecticut, though, almost a third of those people do not vote in New York.  And even those who do, won't care that much — over two-thirds of New Yorkers do not own a car.  For example, Manhattan has about 3.1 million households, but only 1.4 million automobiles.  Thus, far more people ride the subway than drive cars.  That makes it easy, politically, to make car drivers subsidize subway riders.

Revenues Are Up 6% After Trump Tax Cuts, So Why Is The Deficit Surging?  For the government to be running deficits this high — and climbing — while the economy is chugging along at a brisk pace and the country isn't at war is virtually unprecedented.  Clearly, it must be the fault of those tax cuts.  Except it isn't.  The federal government collected more than $2 trillion in the first seven months of this fiscal year, according to the latest monthly report from the Treasury Department.  That's up almost 2 percent from the same time last year, and up 6 percent from fiscal 2017, which was before the Trump tax cuts went into effect.

Dem presidential candidates still want to cancel Trump's tax cuts.  There's just one problem:  although individual income tax rates have gone down since 2017, individual income tax revenues have gone up. [...] But how is this possible?  How could tax rates have gone down, but taxes collected gone up?

America's largest cities drowning in debt, with Chicago leading the way, study finds.  America's 10 largest cities, largely Democrat strongholds, are drowning in municipal debt, according to a new report from government watchdog Truth in Accounting.  The report sought out "to determine what ... overlapping financial entities mean for taxpayers' bottom line."  Truth in Accounting said its purpose was to "calculate the various bills (and surpluses, when available) at the city government level and divide them out to determine a per-Taxpayer Burden."  The two cities with the highest burden:  Chicago and New York City; Chicago's combined taxpayer burden:  $119,110; New York City's combined taxpayer burden:  $85,600.

Biden:  "First thing I'd do is repeal those Trump tax cuts."  A repeal of the Tax Cuts and Jobs Act would impose a large tax increase on the American people.  Thanks to the tax cuts, a typical family of four earning the median family income of $73,000 saw a tax cut of over $2,000 — a 58% reduction in federal taxes.  A single parent with one child with annual income of $41,000 saw a tax cut of $1,304 — a 73% reduction in federal taxes.  As noted by the New York Times:  "Most people got a tax cut."

Hawaii Swamped by Carbon-Dioxide Tax Bills.  Multiple carbon-dioxide tax bills are under consideration in the current session of the Hawaii State Legislature.  The purpose of a so-called carbon tax is to decrease carbon-dioxide emissions by levying a tax based on the amount of emissions produced.  Hawaiians already pay more for electricity than residents of any other state, at 26.05 cents per kilowatt hour, the U.S. Energy Information Administration reports.  Hawaii's retail electric rates are 148 percent higher than the national average.

50,219,667 Tax Return Filers Paid $0 or Less in Income Taxes.  Of the 150,272,157 tax returns filed for the 2016 tax year, 50,219,667 — or 33.4 percent — were classified by the Internal Revenue Service as "nontaxable returns," meaning the people who filed them paid $0 or less in income taxes, according to data published by the Statistics of Income Division of the IRS.  At the same time, 80 percent of all income taxes paid that year were paid by tax return filers who had adjusted gross incomes of $100,000 or more.

The Editor says...
The interesting part is that in fifty million cases, "the people who filed them paid $0 or less."  Less than zero is a negative income tax.  The government is taking money out of my paycheck and giving it to someone else who apparently does not work.

California Has Become America's Cannibal State.  For over six years, California has had a top marginal income tax rate of 13.3 percent, the highest in the nation.  About 150,000 households in a state of 40 million people now pay nearly half of the total annual state income tax.  The state legislature sold that confiscatory tax rate on the idea that it was a temporary fix and would eventually be phased out.  No one believed that.  California voters, about 40 percent of whom pay no state income taxes, naturally approved the extension of the high rate by an overwhelming margin.  California recently raised gas taxes by 40 percent and now has the second-highest gas taxes in the United States.  California has the ninth-highest combined state and local sales taxes in the country, but its state sales tax of 7.3 percent is America's highest.  As of April 1, California is now applying that high state sales tax to goods that residents buy online from out-of-state sellers.

Sacramento wants to tax soda, tires, guns, water, pain pills, lawyers, car batteries....  There are a whole bunch of taxing ideas in the Capitol:  on new tires, firearms, water, prescription painkillers, lawyers, car batteries, corporations based on their CEO pay, estates worth more than $3.5 million, oil and gas extraction.  The list goes on.  The oil and gas extraction tax is long overdue.  We're the only major oil-producing state without one.  It would raise an estimated $1.5 billion a year.

The Editor says...
I guess the LA Times writer thinks an oil and gas extraction tax is a painless money-maker that will have no effect on the price of gasoline or electricity.

Senator Wyden's Very Bad Idea for More Taxes.  Oregon's liberal Democratic senator Ron Wyden most likely knew from the get-go that his idea for new taxes on assets and investments wouldn't get a lot of traction — so much so that a news release, tweet, or bulletin taking credit for his own proposal can't be found on the senator's official website.  Yet Senator Wyden, who is the ranking member of the Senate's Finance Committee, in early April told the financial press he is developing a "mark-to-market" approach to tax unrealized capital gains.  In simple terms, he proposes a levy — a tax — on investments (like real estate or stocks) based on valuations of their holdings each year, with all annual gains treated like income — even gains that have not been realized.  This "mark-to-market" accounting practice of updating the value of an asset would tax all capital gains like income at a maximum rate of 37 percent.

Taxing Unrealized Capital Gains Is a Nutty Idea.  If an idea is being put forward these days by a Democratic candidate for president or a freshman member of Congress, it is probably a good idea not to take it too seriously.  This is not to say that there are not legitimately dangerous things being proposed by the Kamala Harrises and AOC's of this era — tuition-free college, Medicare-for-all, fossil-fuel elimination, 70 percent tax rates, racial reparations, court-packing, ending the Electoral College, legalized infanticide — but I am not so sure that an elimination of private health insurance (Harris) or the funnier implications of the Green New Deal are intended as legitimate policy prescriptions rather than rank base-pandering.  Trying to run to the left of Bernie Sanders to get attention makes people say and do some crazy things.  But Senator Ron Wyden of Oregon is the top-ranking member of the Senate's tax committee, not a candidate for president, and not a 29-year-old bartender-turned-Instagram-star.  And his recent policy proposal to tax unrealized capital gains is just as extreme, silly, impractical, dangerous, and inane as any of the aforementioned policy whiffs floating around in the leftist hemisphere.

Democrats Want to Restore Tax Break for the Wealthy.  Democrats often complain that tax cuts primarily benefit "the rich," but apparently they only think it's a problem when rich conservatives get a tax break, because they're outraged that President Trump's tax cuts scaled back a generous subsidy enjoyed by well-off taxpayers in liberal states.  A key provision of the 2017 Tax Cuts and Jobs Act was a new cap on the so-called State and Local Tax ("SALT") Deduction, which allows taxpayers to deduct state and local taxes on their federal tax return.  This provision forces taxpayers in low-tax states such as Florida and Texas to effectively subsidize those in high-tax states such as New York and California.

All aboard the runaway spending train.  Nothing new on the budget front, or so it seems at first glance.  President Trump submitted to Congress a $4.7 trillion budget for the 2020 fiscal year, which begins on Oct. 1 of this year.  That's almost 8 percent more than he asked for in his last budget.  Congress issued its traditional statement, pronouncing the budget DOA, dead on arrival.  Both sides having laid out their stalls, negotiations — the third step in the budget process — follow between the president and his critics, with words such as "another government shutdown" and "bankruptcy" being bandied about.  Trump wants to spend more to defend the nation, and the Democrats want to spend more on domestic programs.  Trump is talking of another tax cut, the Democrats of tax increases, but only on the rich, who couldn't cover the cost of both parties' wishes if they surrendered their entire incomes to the cause.  Which they won't, of course, instead preferring to ease their guilt by calling for some modest increases in their tax load while readying an army of consultants to keep their total burden at acceptable levels.

California May Be Coming for You.  Those of us who live in California are used to the state's aggressive tax-collection policies.  Despite record-setting budgets, the state never has enough revenue to fund all the programs it wants to create or expand so the tax authorities have to shake every last dime out of residents' pockets.  But now, thanks to confusion over how to collect online sales taxes, California's tax-collection agency may be coming for you — even if you sell a few items from your kitchen table in Kansas.  The newly created California Department of Tax and Fee Administration (CDTFA) has been sending collection letters to small businesses that sell products via online retail platforms such as Fulfillment by Amazon.  The agency claims that such third-party sellers owe eight years of back taxes because they are considered to have a physical presence in the Golden State.  The agency threatens tens of thousands of dollars in fines and imprisonment of up to three years.

Buttigieg Pushes Wealth Tax: 'People in This Country Are Not Paying Their Fair Share'.  Monday [4/1/2019] on MSNBC's "The Last Word," 2020 Democratic presidential hopeful Mayor Pete Buttigieg supported the idea of a wealth tax, arguing that "some people" were not paying their "fair share."

Justin Trudeau Levies Carbon Tax On Rebellious Canadian Provinces.  Canadian drivers raced to gas stations to fill up their tanks Sunday before the Trudeau administration's carbon tax went into effect at midnight and raised prices at the pump roughly 12 cents per gallon.  The carbon tax went into effect Monday in four Canadian provinces resisting Prime Minister Justin Trudeau's climate change agenda.  Canadians in Ontario, Manitoba, New Brunswick and Saskatchewan will see fuel prices increase.

Verrazzano-Narrows Bridge is now most expensive toll in US.  MTA tolls went up Sunday [3/31/2019] at several city crossings, including the Verrazzano-Narrows Bridge, whose $19 one-way bridge toll, is now the most expensive in the country, according to WCBS.  Those with E-Z passes will be charged $12.24 instead, an increase that tallies up to an extra $100 a year for a daily commuter to Staten Island.

Proposed NY Real Estate Tax Called 'Disaster' for Already Lagging Market.  A plan to tax wealthy apartment owners in New York City is being called a "disaster" for an already struggling real estate market.  The "pied-à-terre" tax, part of Democratic state lawmakers' budget proposals, would target out of state residents and some New Yorkers who buy property valued at over $5 million.  Mayor Bill de Blasio and Gov. Andrew Cuomo support the tax.  State senator Brad Hoylman, a fan of socialist Alexandria Ocasio-Cortez and co-sponsor of legislation that legalized abortion in New York up until the moment of birth, originally introduced the tax in 2014.

It's Morning in Tallahassee.  There was once a day, or at least Louis Brandeis said there was, when the states were the laboratory of democracy.  I cannot personally confirm that rumor.  Over the course of my own life, the federal government has been a 24-hour laboratory for mandates on the states, respectively, or on the people.  In the economic realm, as just one example, Washington confiscates much of our wealth and then tells us what to do with the rest.  Washington has even larger appetites for the regulatory state, of course, which is now moving briskly beyond the boundaries of behavior control into the vast new frontier of thought control.

There are just nine steps from freedom to socialism to societal breakdown.  Step 2.  Massive Tax Systems that Reduce Incentives.  Increased tax burdens go hand-in-hand with spending.  Throughout history, tax systems start out simple and wind up complex and burdensome.  By the end of Rome's socialism under Diocletian, according to the historian Will Durant, taxation "rose to such heights that men lost the incentive to work or earn, and an erosive context began between lawyers finding devices to evade taxes and lawyers formulating laws to prevent evasion," which led Romans to flee, seeking "refuge among the barbarians."  We have a tax code so complicated and long that few can do their own taxes.  Not satisfied, politicians threaten massive income tax hikes, wealth tax confiscation and penalties for those who want to leave the country.

As residents flee New York's high taxes, state uses intrusive audits to get cash from defectors.  New York state goes to extraordinary lengths to catch wealthy residents who try to flee its burdensome taxes, leaving a gaping hole in the state's treasury.  The aggressive approach by state tax collectors comes as the Empire State faces a $2.3 billion budget deficit that even Democratic Gov. Andrew Cuomo called "as serious as a heart attack."  Cuomo, a vocal critic of President Trump, blamed congressional Republicans for passing tax reforms that reduced the state and local tax deduction Americans can take on their annual income tax forms — meaning residents of high-tax blue states like New York have been feeling the pinch, sparking their exodus.

Alexandria Ocasio-Cortez's mom shows the socialist disconnect from reality on taxes.  Like Sen. Kamala Harris, who was rebuked by her own father for perpetrating the stereotype of Jamaicans as potheads, socialist Democrat Rep. Alexandria Ocasio-Cortez was effectively rebuked by her own mother, who told the Daily Mail she moved to Florida from New York to get away from all those high taxes.

Bad Ideas Make for Bad Progressive Policies.  Much of what progressives mean by "social justice" comprises eliminating gaps between wealthier Americans and everybody else. Any disparities represent the injustices of capitalism and the tax system designed to benefit the rich.  Statistics are marshalled that prove this disparity and give this ideological trope a veneer of science. [... But] Even if the government confiscated the $2.4 trillion of America's 540 billionaires, the amount would cover a bit less than half of this year's $4.4 trillion budget.  Confiscating the total worth of the Fortune 500 companies, $22 trillion, would barely cover the $22 trillion (and still climbing by the minute) of U.S. debt.

Why Service Is Lousy in High-Tax States.  Shortly after New Jersey Gov. Phil Murphy proposed steep tax increases last year, his Texas counterpart, Greg Abbott, wrote an op-ed in New Jersey's biggest newspaper inviting residents to consider moving to the low-tax Lone Star State.  Mr. Murphy countered with a piece in the Dallas Morning News touting the new investments his government planned as a reason for Texans to come north.  New York Gov. Andrew Cuomo recently attempted to stir up a similar feud, complaining to President Trump that low-tax Florida is "stealing" his state's population.  These face-offs between states are part of a larger national debate that has intensified this year as new Democratic governors in California, Connecticut, Illinois and New Jersey push to raise taxes even higher.  They say higher taxes are necessary to pay for better services.  But it's far from clear that the already-high taxes in these Democratic strongholds have created better government and happy residents.  People in states with high taxes are more likely to say they are eager to move elsewhere, and polls show residents increasingly questioning whether they are getting value for government "investment."

The good, the bad and the ugly.  Last week, there was the pitiful scene of Gov. Andrew Cuomo of New York begging President Trump to restore a tax provision which unfairly benefitted New Yorkers.  It seems that many high-income New Yorkers have been moving their tax homes to Florida, undermining the New York tax base.  Those who live in New York City may be paying state and local income tax rates, in addition to the federal tax, of over 12 percent, giving some an overall tax burden of approximately 50 percent.  Florida imposes no state and local income taxes in addition to the federal income tax — yet Florida is booming, with a budget surplus, while New York is mired in debt.  Only 50 years ago, New York had four times the population of Florida, and now Florida is larger than New York.

The New Nihilism.  The leftwing rebuttal of Trump's economic agenda is apparently not now a return to Obama tax schedules.  Much less is it a point-by-point refutation of Trump's efforts to reduce regulations and taxes.  Instead, new Democrats are calling for an unconstitutional "wealth tax" on the accumulation of already taxed income.  They propose a radically new estate tax to confiscate already taxed income.  And they envision new rates of 70% to 90% on the top brackets — on the logic that if the government does not get your savings account, or your estate, it can at least take your income.  The logic is again nihilistic: if lower taxes have created rare 3% per annum growth and near-record unemployment, then far higher taxes would do what exactly?  Stall the economy to ensure a recession where everyone might be more equally poorer?

Hits Keep Piling Up Against Philadelphia Soda Tax.  A Philadelphia ShopRite convenience store will close, with the owner citing lost business related to the city's soda tax as the primary reason for its closure.  The store is located near Philadelphia's city limits, where local residents appear to have taken a good portion of their business across the border to avoid paying the tax.  Jeff Brown, the store's owner, whose efforts in bringing supermarkets into impoverished areas of Philadelphia was lauded by President Obama in his 2010 State of the Union address, indicated that reduced sales at all his stores since the soda tax went into effect has cumulatively reduced his total payroll by about 200 jobs, which he has achieved through attrition rather than through layoffs.  The store closure is expected to add another 100 jobs to that running total of attrition.

Attention Working Americans:  Democrats Want To Hike Your Taxes By $1.5 Trillion.  Amid all the hoopla about Democrats wanting to raise taxes on the rich, they are quietly working on a bill that would increase taxes on every working family in America.  Why?  To fund expanded benefits for baby boomers hitting retirement.

Democrats Are Misleading Americans About Their Tax Refund.  Democrats looking to score points against President Donald Trump this week focused attention on data from the government that showed refund checks going out to early filers were smaller than they were a year ago.  Sen. Kamala Harris (D-CA) falsely claimed that smaller refunds indicated that the tax cuts amounted to a "middle-class tax hike."  The smaller refund checks, however, were not indicators that taxes have gone up.  In fact, two-thirds of American households got a tax cut this year.  For middle-class families with children, over 80 percent got tax cuts.

The Siren Song of the Wealth Tax.  A wealth tax is no ordinary tax.  Most taxes Americans encounter are "transactional" — occurring because you have done something.  In this vein we have sales taxes, income taxes — even the inheritance tax requires an action:  Die.  In contrast, the wealth tax only requires you to exist — and have enough wealth to trigger it.  A wealth tax also differs in its comprehensiveness.  Unlike a tax on a purchase or even income, a wealth tax would apparently encompass all one's wealth — not simply the portion earned annually, as the income tax does.

Spoiler:  HI, DC, WA, NV, SD, FL.
States with the highest sales tax collections per capita.  Forty-five states, and the District of Columbia, collect sales taxes at the state level.  Among those that do not are Alaska, Delaware, Montana, New Hampshire and Oregon.  In Alaska, however, localities are allowed to charge local sales taxes.

Rep. Ilhan Omar supports taxing wealthiest Americans up to 90%.  Weeks after Rep. Alexandria Ocasio-Cortez, D-N.Y., made headlines by calling for a top marginal income tax rate of 70 percent in an interview with "60 Minutes," her fellow freshman congresswoman, Rep. Ilhan Omar, D-Minn., suggested that the rich could pay even more.  "There are a few things that we can do," Rep. Omar said in an interview with "Through Her Eyes."  "One of them, is that we can increase the taxes that people are paying who are the extremely wealthy in our communities.  So, 70 percent, 80 percent, we've had it as high as 90 percent.  So, that's a place we can start."  "The one percent must pay their fair share," she continued.

Trump's Tax Cut 'Scam' Created 1.3 Million New Jobs, New CBO Data Show.  During the tax cut debate in 2017, Republicans argued that the cuts would at least partially pay for themselves by spurring economic growth.  Democrats said they were nothing more than a giveaway to the rich.  The latest data from the Congressional Budget Office makes it clear that the GOP had it right.

Elizabeth Warren Introduces 'Wealth Tax' Aimed at America's Billionaires.  Presidential hopeful Sen. Elizabeth Warren (D-MA) is proposing a new "wealth tax" on Americans with more than $50 million in assets, along with a significant increase in funding for the Internal Revenue Service (IRS), in an effort to curb income and wealth inequality in America.

Elizabeth Warren proposes 'ultra-millionaire tax' as part of 2020 bid.  According to two economists advising her presidential campaign on the plan, the tax would hit an estimated 75,000 of the wealthiest American households.

Memo to Liberals:  Higher Taxes Have Already Been Tried.  Rep. Alexandria Ocasio-Cortez, D-N.Y., suggests we institute a 70 percent tax rate on the wealthy.  Julian Castro, the former mayor of San Antonio and Department of Housing and Urban Development secretary, who just announced he is running for president, has resurrected the "fair share" lingo of past Democrats.  In an interview with ABC News, Castro seemed nostalgic for a time when the top marginal tax rate was 90 percent.  Sen. Elizabeth Warren, D-Mass., who has formed a presidential exploratory committee, hasn't said what top tax rate she favors, but she told CNBC last July that "90 percent sounds pretty shockingly high."  Why, because it would stifle incentive?  What about 80 percent?  Why not confiscate all private-sector money and let the government decide how much each of us should be allowed to have?  Wouldn't pure socialism be a dream come true for the far left?  It's not that higher taxes and more government spending hasn't been tried.  Lyndon Johnson's Great Society, a series of U.S. programs charged with totally eliminating poverty and racial injustice in the country, is but one example.  Johnson failed to achieve his goal of wiping out poverty because his social programs began in Washington, not in individual hearts and minds.

If Illinois Hikes Gas Tax, Expect More Drivers to Buy Across State Lines.  For any Illinois state lawmakers thinking about raising gasoline taxes as much as 30 cents a gallon, southwestern Illinois drivers have a simple message:  Don't.  They said they are already overtaxed, and already fill up in nearby St. Louis when possible. [...] In addition to Missouri, Illinois already charges more in gas taxes than neighboring Wisconsin, Iowa and Kentucky.  Meanwhile, drivers in Indiana and Michigan see average gas taxes that are about 5 cents and 7 cents per gallon higher than in Illinois, respectively.  Both states rank in the top 10 nationally for average state and local gas taxes.

California's Gavin Newsom Proposes Tax on Drinking Water in First Budget.  California Governor Gavin Newsom proposed his first budget for the state on Friday [1/11/2019], and it includes a tax on drinking water.  The budget, titled "California for All," declares drinking water a "fundamental right," and adds:  "The Budget includes short-term measures to bring immediate relief to communities without safe drinking water and also proposes an ongoing sustainable funding source to address this problem into the future."

The Editor says...
Wait a minute.  If drinking water is a "fundamental right," why should it be taxed?  Indeed, why does your city government send you a utility bill and charge you for water, if it's a right?  No, in reality, food and water and housing and medicine are not "fundamental rights," regardless of the number of politicians who say they are.

De Blasio Says the 'Wrong People' Have All the Money.  As in many major cities in the U..S run by Democrats, you have to be fabulously rich or wretchedly poor to live in New York City.  Either you have the money to live in the rent-controlled, gentrified neighborhoods or you need government assistance.  If I lived in the Big Apple and were rich, I'd start looking at properties in Connecticut.  Mayor Bill de Blasio recently announced the most ambitious health care plan in America, covering the 600,000 New Yorkers who don't have health insurance — including illegal aliens.  How will the city pay for it?  Bill is a little fuzzy on the details but he made it pretty clear where his thinking lies.

What the nation ought to know about Bill de Blasio.  Mayor de Blasio gave his sixth State of the City address Thursday, and he conjured an image of a revolutionary leader prying money from terrified billionaires.  That's because, in a Democratic primary with candidates tracking increasingly leftward, he stands out for the wrong reason:  When it comes to governing, de Blasio is more old-school, big-city Democratic pragmatist than new-school, Democratic Socialist.  He fears his left flank.  De Blasio used to talk about New York as a tale of two cities.  Now, he is trying to write a tale for two audiences.  After more than a half-decade of scrutiny, de Blasio grasps that the City Hall press corps — with its nonpartisan stories of his various failures — won't pave his way to the White House.  So as he starts his sixth year in office, he is looking for new fans.

Alexandria Ocasio-Cortez [and] other Dems want you to embrace a socialist agenda.  [#3] Massive tax increases:  Rep. Ocasio-Cortez has called for increasing the top marginal tax rate for some wealthy Americans to as high as 70 percent.  If enacted, Americans for Tax Reform President Grover Norquist says it would be the highest tax rate in the industrialized world.  Democrats have also proposed a dramatic increase to America's corporate tax rate.  Rep. Yarmouth has said he favors raising the corporate rate from 21 percent to 28 percent — a 33 percent increase.  This would be one of the largest corporate tax hikes in recent history, and it would roll back much of the reduction to the corporate tax rate passed by Republicans and President Donald Trump as part of the Tax Cuts and Jobs Act of 2017.  Those tax cuts, coupled with the Trump administration's regulatory rollbacks, have spurred remarkable economic growth in the United States.  According to data from the Bureau of Labor Statistics, more than 2.8 million full-time jobs were created from January 2018 to December 2018 — 688,000 more than the number of jobs created during the same period in 2017.

A Soda Tax and Consequences.  When Philadelphia became the first major U.S. city to pass a soda tax in 2016, Mayor Jim Kenney said it would improve public health while funding universal pre-K.  Two years in, the policy hasn't delivered on that elite ideological goal.  But the tax has come at the expense of working people and other vulnerable Philadelphians.  Proponents say the soda levy is technically a tax on distribution, but it functions like a regressive consumption tax as retailers pass the cost onto consumers.

Wealth, Poverty, and Flight:  The Same Old State of California.  The top California income-tax rate is 13.3 percent (the nation's highest).  The state's average sales tax is (conservatively) about 8.5 percent (ninth in the nation).  California's bewildering combined array of gasoline taxes are about 55 cents per gallon and rising (second-highest in the nation).  In exchange, California public-school test scores rank between 44th and 46th in the nation.  Its roads and infrastructure are rated in various surveys between 42nd and 45th.

The Democrats will decide who's "rich."
Alexandria Ocasio-Cortez suggests 70% tax on rich to fund Green New Deal: 'Call me a radical'.  Rep. Alexandria Ocasio-Cortez has suggested taxing the rich as much as 70 percent to fund a sweeping economic and energy reform plan called the "Green New Deal."  "There's an element where, yeah, people are going to have to start paying their fair share in taxes," the newly elected congresswoman of New York, a democratic socialist, told CBS host Anderson Cooper in an interview that's set to air Sunday [1/6/2018].  Ms. Ocasio-Cortez said taxes on the wealthy will have to be greatly increased in order to pay for the plan, which aims to reduce carbon emissions to zero and move toward 100% renewable energy within 12 years.

Gas-tax hike of up to 30 cents a gallon needed, Emanuel and suburban mayors say.  Mayor Rahm Emanuel joined forces with suburban mayors on Tuesday to call for a 20- to 30-cents-a-gallon increase in the state's gasoline tax to bankroll sorely needed mass transit and road improvements.  After that, the mayors argued that the gas tax should be increased every year to match the inflation rate.  At a City Hall news conference Tuesday, Emanuel argued that 24 states have raised their gas tax since 2012 alone.  Meanwhile, Illinois is "stuck in neutral" with a state gas tax of 19 cents a gallon that's been frozen since 1990 — even though federal taxes and local and state sales taxes and other fees push the overall tax rate far higher.

French Riots Really Aren't About Global Warming — They're About Tax Heavy Socialism.  After weeks of spreading riots and demonstrations in Paris, socialist French President Emmanuel Macron has had an epiphany or sorts.  Not only is he not going to put a new global warming tax on fuel, he's going to let financially-strapped French families keep more of their money from the taxman.  At least this year.

France 'yellow vest' protests should be a lesson for green activists in the US.  The proximate cause of what's being coined the "Yellow Vest" protests may shock you:  climate taxes.  French President Emanuel Macron has fully bought into the elite, environmentalist position that governments must do everything, including implementing regressive taxes on the most disadvantaged, to restrict so-called dirty transportation like driving.  That's why Macron championed an "eco-tax" that would raise fuel prices in order to discourage driving.  Diesel fuel was set to rise by 24 cents a gallon and gasoline by 12 cents a gallon in January.  That may not seem like a lot, but the French are already paying exorbitant fuel prices, roughly $6.57 per gallon in U.S. dollars.  You can see why the French people would say enough is enough.

Employment and the Vote.  Liberal-controlled cities are massively dysfunctional for many reasons, but perhaps the single most destructive element is the unfair redistribution of wealth.  In the liberal mind of equality of outcome, nonworkers can live a lifestyle similar to those working long hours.  Through the forced confiscation of income, otherwise known as taxes, liberal city governments place the financial burden on the shoulders of hard-working men and women to pay for the expenses of nonworkers.  Very often young working couples put off buying their first home or starting a family because of the resulting higher cost of living and because they are busy paying for the growing number of children being born to nonworkers.

France, Taxes, and Riots.  Maybe there's hope for France.  When Greeks, Belgians, and the Brits riot, it's because they want more handouts.  The French, by contrast, have taken to the streets to protest higher taxes. [...] I joked years ago that the French national sport is taxation.  It's so bad that thousand of taxpayers have faced effective tax rates of more than 100 percent.

Chicago's New PlayStation Tax Shows How Greedy Politicians Can Be.  A few weeks ago, PlayStation 4 users in Chicago were shocked when they turned on their consoles and saw a message from Sony.  The message informed users that as of November 14, 2018, they would be required to pay a 9 percent "amusement tax" for PlayStation subscriptions such as PlayStation Now, PlayStation Plus, PlayStation Music, and others.

As Predicted, GOP Tax Cuts Prompt Record Tax Revenues.  Remember when Democrats mocked last year's tax-cut legislation?  And Nancy Pelosi called the tax breaks for Americans "crumbs"?  But President Trump and congressional Republicans said they would ignite a booming economy and actually increase federal tax collections from greater economic activity including more consumer spending, business investments, higher wages and even employee bonuses.

Skin In The Game.  The argument that tax cuts reduce federal revenues can be disposed of quite easily.  According to the Congressional Budget Office, revenues from federal income taxes were $76 billion higher in the first half of this year than they were in the first half of 2017.  The Treasury Department says it expects that federal revenues will continue to exceed last year's for the rest of 2018.  Despite record federal revenues, 2018 will see a massive deficit, perhaps topping $1 trillion.  Our massive deficit is a result not of tax cuts but of profligate congressional spending that outruns rising tax revenues.  Grossly false statements about tax cuts' reducing revenue should be put to rest in the wake of federal revenue increases seen with tax cuts during the Kennedy, Reagan and Trump administrations.

San Francisco Voters Back 'Robin Hood' Tax On Business.  San Francisco voters passed Proposition C yesterday [11/7/2018] with a 60% majority, Recode reports.  The proposition establishes a tax between 0.175% and 0.69% on the gross income of businesses reporting over $50 million in annual turnover, along with a 1.5% payroll tax for certain companies with $1 billion in turnover to fund housing and homeless services.  The city predicts it will generate between $250 million and $300 million to help needy causes.

Will This Deep Blue State Go for Trumponomics?  In a contest too close to call, Republican gubernatorial candidate Bob Stefanowski is running to slash Connecticut taxes and bring Trumponomics to the state.  The nation is watching to see whether a fiscal reformer can sell President Donald Trump's tax-cutting approach to voters who disdain Trump.

LA's Measure W would charge property owners to help recycle rainwater.  Proponents say it's all about rainwater.  "Traditionally every drop that drops here we've engineered to wash out to the ocean so we need to capture and clean the water that falls here and put it to good use," says Los Angeles Mayor Eric Garcetti.  To pay for all this Measure W would place a new tax on property.  The tax would be on what is called "impermeable area" such as your house your driveway, concrete patios.  Anything that stops rainwater from going into the ground.

The Top Three Percent Paid More Than Half of All Federal Income Taxes.  From coast to coast, Democrats are attacking Republicans on tax policy in negative ads — endlessly repeating the claim that within the (exclusively) GOP-passed, pro-growth tax reform law, 83 percent of the individual tax relief benefits supposedly flow to the top one percent of wage earners.  Several fact-checkers have examined this assertion, concluding that it's deeply misleading. [...] In order to advance this talking point, Democrats pretend that the years 2018-2026 do not exist, jumping ahead to a hypothetical future in which the individual tax rates sunset.  As we've argued throughout the debate over the tax law, it is virtually inconceivable that any Congress would allow a massive middle class tax hike occur before 2027, based on the relevant political incentives and recent history.

The Top 5 Best Ideas for Constitutional Amendments.  The entire premise that someone should be taxed based on what they earn is not only completely backwards, but is a means to dis-incentivize an individual from working to earn a living.  Instead, it would be much more effective to tax consumption, or perhaps, a flat or fair tax, as that would tax what a person spends or consumes versus what a person earns.

Rich San Francisco businesses could face homelessness tax.  San Francisco has come to be known around the world as a place for aggressive panhandling, open-air drug use and sprawling tent camps, the dirt and despair all the more remarkable for the city's immense wealth.

Top 3% of U.S. Taxpayers Paid Majority of Income Taxes in 2016.  Individual income taxes are the federal government's single biggest revenue source.  In fiscal year 2018, which ended Sept. 30, the individual income tax is expected to bring in roughly $1.7 trillion, or about half of all federal revenues, according to the Congressional Budget Office.  If past statistics can offer any guidance, in 2016, $1.44 trillion income taxes were paid by 140.9 million taxpayers reporting a total of $10.2 trillion in adjusted gross income, according to data recently released by the Internal Revenue Services.

Dem Nominee for Mass.  Governor Refuses to Explain How Much Policies Will Cost.  Jay Gonzalez, the Democratic nominee for governor of Massachusetts, is refusing to elaborate on how much the new spending programs his campaign has proposed will cost taxpayers.  Gonzalez has anchored his challenge to first-term incumbent Republican governor Charlie Baker around progressive policies such as Medicare for All, a high-speed rail system, and universal pre-kindergarten, among others.  Despite making such promises, the candidate has demurred on the price tag, at one point even telling the Boston Globe he hadn't "tallied up" the overall spending in his platform.  While Gonzalez has been reticent to disclose how much his policies will cost, he has not shied away from supporting plans to increase the state's overall revenue stream.

The Great Migration.  [The writer] Was reading some data from the Cato Institute.  It has to do with Tax Reform and Interstate Migration.  The problem is the data is a little too fresh.  Tax reform was only passed in 2017, so 2018 is really the first year that people are feeling the effects of it.  One of the major effects is SALT.  That's the ability of citizens to deduct state and local taxes from their federal taxes.  In the past, it's always been allowable.  Now, it is not and high tax states are trying to find an end run around it.  They have even resorted to the courts, trying to characterize taxes we pay for public schools as charities.  Of course, the other tact might be to act responsibly and reduce the tax burden on citizens but who knows a politician that would want to do that?  There is no clear relationship between the level of taxation and the quality of government services or the quality of public schools.

The Three Hard Truths of the Trump Era.  [#1] Lowering taxes does increase revenue.  This debate is as old as politics itself, but thanks to Trump's tax cut, the largest in more than three decades, it can finally be put to rest.  The fruits of the legislation have been ripe indeed as companies repatriated nearly one-third of a trillion dollars in a mere six months following the tax cut and invested heavily in employee training and infrastructure.  But perhaps its greatest worth is ending the supply side vs. Keynesian debate once and for all.  As proof, consider that the federal government collected a record $1.3 trillion in income taxes through the first nine months of FY18, beating the previous record by $71 billion, which was set during the same period last year.  And as the economy shows few signs of slowing down, these numbers may well continue to increase.

California Initiative Filed to End Proposition 13 Protections for Commercial Properties.  Funded by Silicon Valley deep pockets — including the Chan-Zuckerberg Initiative, the personal charity of Facebook CEO Mark Zuckerberg and his wife Priscilla Chan; a coalition of teachers unions; the League of Women Voters; affordable housing advocates; and other "social justice warriors" organized as "Schools and Communities First," — the activists submitted the signatures to the Secretary of State on August 14 to place an initiative on the 2020 ballot to increase California commercial property tax revenue by $11 billion.

What is theft?  A fairly good working definition of theft is the taking by force of one person's property and the giving of it to another to whom it does not belong.  Most Americans think that doing that is OK as long as it's done by government.  We think that it is OK for Congress to take the earnings of one American to give to another American in the form of agricultural subsidies, business bailouts, aid for higher education, food stamps, welfare and other such activities that make up at least two-thirds of the federal budget.  If I took some of your earnings to give to a poor person, I'd go to jail.  If a congressman did the same thing, he'd be praised.

Elizabeth Warren stands by call to overturn income tax cuts.  Despite the recent boost in the economy, U.S. Sen. Elizabeth Warren isn't budging on her position to increase taxes.  "Let's be clear, the Republicans just gave away a trillion and a half dollars in tax cuts to billionaires and giant corporations," Warren told the Herald yesterday [7/28/2018].  "Those tax decisions, they're not about numbers, they're about values.  They're about who you believe the government should work for."

The Dubious Basis for a Carbon Tax.  Rep Curbelo of Florida has introduced a carbon tax bill even though the House of Representatives have voted 229-180 to oppose any carbon tax legislation.  It is clear that no legislation is going to be passed and most likely that Rep Curbelo is simply using his proposalto bolster his campaign for re-election in November.  He has proposed a $24 per ton tax — the social cost of carbon — beginning in 2020 with the proceeds replacing the federal gasoline tax.  How did he pick $24 when the estimates often cited range from $15-$150 per ton?  It really doesn't make any difference since the choice is driven by the climate orthodoxy, model estimates and judgments and assumptions by climate advocates.  In reality, the social cost of carbon which is reflected in any proposed carbon tax is nothing more than an intellectual exercise that has very little basis in science or empirical facts.

The War on Vacation.  But, as usual, the taxman has come looking for a bigger piece of the pie.  State and local authorities in about 35 states have filed lawsuits in recent years against online travel agencies, claiming those businesses don't pay enough in hotel occupancy taxes.

The Blue-State Housing Bubble.  The best illustration of the current housing bubble can be seen with a specific example.  I know a person on the northwest side of Chicago, a middle-class neighborhood, who recently received, in his July 2018 property tax bill, a raise of $10,000 on his annual tax payment.  This was not a raise in the assessed value of his house, this was a raise in the tax that is due.  The house is 2,200 square feet and since the owner now wants to sell the house, it was recently assessed as having a fair market value of $348,000.  Before this $10K property tax increase, the property tax bill of the house was already at $13,800.  So if anyone wants to buy a house worth $348,000 they have to pay $1,983 per month in property taxes.  The mortgage will be about $1,350 per month, so the total payment will be $3,333 a month for a house worth $348K.  And each year the property tax will only go up.

Fake Indian Elizabeth Warren Suggests 50% Democrat Tax Rates.  Thanks to President Trump's tax cuts and reforms 90% of American wage earners have a higher take-home pay this year.  Over 3 million working Americans have received Trump tax cut bonuses as a result of the Trump tax reform law.  But fake Elizabeth Warren wants to take that all away.

New Yorkers fleeing high taxes find moving isn't so easy.  Among the wealthy tri-state-area set, there's more buzz than ever about fleeing south to Florida, land of mild winters and, more importantly after last year's federal tax overhaul, zero state personal income tax.  Actual action?  Pretty scarce.  High-earners are learning what tax experts have known for years:  Tax collectors in states like New York make it really hard to leave.  Wealth managers and tax lawyers say many of their clients are staying put after hearing about the scrupulous records they would have to keep to show they've really uprooted their lives and severed ties with their former states — and that it's not as easy as just spending a few more days a month in a Florida vacation home.

NJ considers taxing tap water.  Never short on ideas for things to tax, lawmakers in New Jersey are considering a tax on tap water.  The proposal is being floated by State Sen. Bob Smith D-Middlesex, who is trying to say it's not actually a tax but a 'user fee'.  "It is a user fee based on volume," Smith told Fox 5's Chasing New Jersey.  It would add 10 cents for every 1,000 gallons of water a home uses.

The case for abolishing public schools.  Here are the reasons why a public school system should be abandoned. [...] [#2] Expense.  Schools cost money, and most of it is being wasted.  Property taxes are needlessly assessed and collected, a lot of them from folks who receive less than nothing in return for those tax dollars.  School lunch programs; school building maintenance; cost of security guards, cameras, and the like; cost of busses and other transportation; gasoline and gasoline taxes; teacher salaries (which includes your donation to the Democratic National Committee).

New Jersey's governor hikes taxes in a state where residents are already fleeing.  New Jersey faced a government shutdown late last week when its governor, Democrat Phil Murphy, squabbled with leaders of his own party in the state legislature over whose taxes to raise — those of businesses or those of wealthy individuals.  In the end, officials compromised and raised taxes on both.  The tax burden will increase by about $440 million in a state where residents and businesses already pay some of the nation's steepest levies.  Even before the new, more expensive budget passed, businesses said that they were reluctant to expand in New Jersey, and surveys show that Jersey's residents leave the state in greater numbers than citizens of most other places.

California governor signs soda tax ban into law.  California cities and counties are banned from taxing sodas and other sugary drinks for the next 12 years under a bill signed into law by Democratic Gov. Jerry Brown.  The deal was rushed through the legislature and to the governor's desk on Thursday.  In exchange for the law, the nonalcoholic beverage industry is withdrawing a ballot measure that had been slated for November.  It would have raised the voter threshold to approve local sales tax increases on any item, not just soda taxes, from a majority vote to a supermajority vote.  Signatures were gathered for the ballot through a campaign funded by the beverage industry.

Breaking News for Dems:  High taxes chase away rich people too.  [Proposition 30] raised California's top income tax rate by almost 30 percent, up three percentage points to 13.3%.  It also boosted taxes on income from $300,000 to $500,000 by two percentage points, and jacked the rate on income between $500,000 and $1,000,000 by three percentage points.  That was a 32% jump.  What could go wrong, right?  Hey, voters approved it.  They were told the taxes would go up only temporarily.  Now, you know what that means, of course.  It's sold as a temporary increase until government gets accustomed to the extra money.  So the expiration date is pushed back temporarily in another rote vote and then pushed back temporarily again.  And so on.  Now, the tax increases won't expire until the middle of Ivanka Trump's second presidential term.

The Dark Side Of Welfare Programs.  What would you think of a tax system that imposed effective marginal tax rates of up to 80% on low-income families?  That's what exists today thanks to various federal benefit programs that phase out while income rises.  At a recent panel on poverty, the Congressional Budget Office made a presentation showing how income and benefit programs interact in ways that can heavily discourage work.

Look What California Thinks is an Emergency Bill.  California is a Socialist nightmare with oppressive government regulations and high taxes killing the middle class.  Housing is so costly that it's greatly adding to the number of homeless.  The open borders and sanctuary cities policies have allowed killers, perverts, and drug dealers to get protection everywhere in the state.  With all the problems they have, they rushed through a bill that could make you laugh.  According to the Washington Examiner, the oh-so-urgent bill that had to be rushed through bans California cities and counties from taxing sodas and other sugary drinks for 12 years.  Are you surprised that a nanny state banned taxes?  Don't be.  The reason they did it was to keep high taxes on everything else!

Sales Tax, Cell Phones, and the Court.  On Thursday [6/21/2018] and Friday, the Supreme Court of the United States decided a pair of very important internet cases:  Wayfair Online, Inc. v. South Dakota and Carpenter v. United States.  The first is a case concerning the right of states to levy sales taxes on online merchants. [...] A quick overview of the case:  the Supreme Court holds that the Constitution denies states the right to regulate interstate commerce.  This is because it reserves that right to the federal government, a doctrine called the Dormant Commerce Clause.  But there is an exception.  States can regulate local activity that affects interstate commerce if there is no conflicting with federal law.  But such a state law must pass two tests:  it must not discriminate against out-of-state firms, and must not unduly burden them.  And for taxes, there is another test:  the activity must have a "substantial nexus" within (that is, a real connection to) a state to be taxable.

Supreme Court Opens The Door To Internet Taxes — What Comes Next Could Be A Lot Worse.  Whatever you think about the issue of taxing internet sales, the simple fact is that the Supreme Court has just guaranteed that people across the country will now be paying more in state taxes.  It's hard for us to see how this is good news.

Fed Up in Seattle.  Don't believe the hype that "Amazon killed the Seattle head tax," the new levy that the city recently passed on businesses to fund an affordable-housing initiative.  The truth behind the city council's stunning reversal — repealing the tax by a 7-2 vote, just four weeks after passing it 9-0 — is that Seattle citizens have erupted in frustration against the city's tax-and-spend political class that has failed to address the homelessness crisis, despite record new revenues.  As recently as a few years ago, it seemed as if Seattle voters largely viewed our hyper-progressive city council as a harmless oddity in an otherwise tolerant, thriving, liberal city.  But times have changed.  Now, according to recent public polling, 83 percent of Seattle voters are dissatisfied with how the council has addressed homelessness, 65 percent believe that the local government hasn't used new tax revenues effectively, and 63 percent believe that the city has enough money to solve the problem but isn't pursuing the right policies.

Seattle moves to repeal head tax after just a month.  Seattle city leaders said Monday [6/11/2018] they will work to repeal a tax on large businesses just one month after unanimously approving the measure to help pay for affordable housing and homeless services.

Seattle Needs a Cure for Its Tax Fever.  When Amazon announced its search for a second North American headquarters last year, it listed a "stable and consistent business climate" as a top priority.  By that standard, its hometown — HQ1 — may be failing the test.  The Seattle City Council recently approved the largest "head tax" in the country — $275 per employee per year that Amazon, Starbucks and more than 500 other big companies will have to pay.  Amid the rancorous Seattle debate, one socialist City Council member led a protest march against Amazon.  A workers' rights group sought criminal charges against the company for threatening to pause work on a building if the council approved a higher head tax of $500 per employee.

Frankly N.J., your taxes are too high so we're moving out and cutting 116 jobs, biz says.  A 75,000 square-foot print production facility and data center that opened in Newark 10 years ago is shutting down and laying off its 116 employees.  Mimeo.com, a digital printing and content management company based in New York, will close its plant on Mt. Olivet Avenue this year as it looks to expand its facility in Memphis, Tennessee, or open another location elsewhere in the U.S.  "Newark is fantastic and the people were fantastic.  We had a great 10 years there," Mimeo CEO John Delbridge told NJ Advance Media.

Silicon Valley Wants to Tax Big Tech Just Like Seattle Did.  Seattle levied an annual tax of about $50 million on big companies last week to help solve the city's homeless problem.  The tax was watered down from the original proposal but it was controversial and pitted the city against its most powerful corporate resident, Amazon.com Inc.  Now the action moves to Silicon Valley and the Bay Area.  San Francisco, Mountain View, Cupertino and East Palo Alto are all considering similar taxes on large local employers (read: tech companies) to offset growing inequality and overcrowding they blame on the industry that turned them into boomtowns.  The optics don't favor Big Tech.

New York State Considers Tax on Drivers Entering NYC.  New York Gov. Andrew M. Cuomo (D) is considering a proposal to charge vehicles entering Manhattan.  Citing a desire to alleviate traffic congestion and raise revenue for the Metropolitan Transit Authority (MTA), Cuomo's "Fix NYC" task force recommends charging cars $11.52, trucks $25.34, and taxis and ridesharing services $2 to $5 per ride to enter Manhattan.  The proposal would make New York the first city in the United States to charge drivers for entering its downtown core.  Drivers could avoid the fee only by entering Manhattan through either of the two city-owned East River bridges and bypassing the congestion zone.  Cuomo convened the task force after declaring a state of emergency for New York's subway system last summer.

Tax Revenues Jump 13% To Record High In April.  According to the latest monthly report from the Congressional Budget Office, revenues in April totaled $515 billion — a 13% increase over last April and an all-time high for the month.  For the current 2018 fiscal year, which started last October, revenues are $83 billion higher than they were the year before — an increase of 4.3%.  That's a faster rate of growth than occurred during President Obama's last years in office.

GOP's SALT cap may speed exodus from high-tax states, report says.  Over the past decade, about 3.5 million Americans have relocated from high-tax blue states like California and those in the Northeast, to low-tax red states like Texas and Arizona — and the change is likely to accelerate.  So say Arthur Laffer and Stephen Moore, co-authors of a report from the American Legislative Exchange Council, in a Wall Street Journal essay.  They say that the Republican Party tax bill's cap on the deduction for state and local taxes (SALT) could ramp up the pace by which Americans relocate in their own economic interest.  Laffer and Moore estimate that both California and New York will lose on net about 800,000 over the next three years, roughly double from the previous three years, while Connecticut, New Jersey and Minnesota combined with lose around 500,000 people in the same period.

Americans Are Migrating In Droves To Low-Tax States.  Recently, Wallet Hub published a list of states ranked by their tax burden, based on property taxes, income taxes and sales taxes as a share of personal income.  The five states that impose the biggest tax burden on their residents are, in order:  New York, Hawaii, Maine, Vermont and Minnesota.  The five states with the lowest tax rates:  Alaska, Delaware, Tennessee, Florida and New Hampshire.  Right away there are some obvious similarities between the groups. [...] But there's a far more important similarity among high-tax states, and one that should be sounding alarm bells there.  They are steadily losing population.

Democrats Call for Trillion Dollar Tax Hike.  Senate Democrats are proposing one trillion dollars in higher taxes over the next ten years including a nearly $600 billion income tax increase, a business tax increase, an increase to the death tax, and a capital gains tax increase.  These proposed tax increases would wipe out the benefits of tax reform, which include larger paychecks, salary bonuses, pay raises, increased employee retirement contributions, and utility rate cuts.  The Senate Democrat plan calls for raising the income tax rate to 39.6 percent and increasing the Alternative Minimum Tax (AMT) to pre TCJA levels, meaning millions of Americans would have to again pay this tax.  According to 2015 IRS data, over 900,000 taxpayers in California and 500,000 taxpayers in New York paid the AMT prior to passage of the TCJA, which dramatically increased the threshold at which this tax applied.

A Really Bad Idea:  Taxing Internet Commerce.  According to the Sales Tax Institute, there are currently 45 states that "impose a general sales tax."  Each of those states also imposes a "use tax," which is what one is supposed to pay when using the net to buy stuff from out-of-state vendors.  But the states are abject failures at collecting their use taxes; enforcement of the use tax is a joke.  Hence the movement to tax out-of-state sales on the internet.

The great American tax rip-off.  Voters don't often notice the sneaky taxes. [...] Income taxes make up less than half the tax most of us pay.  We also must pay payroll tax, corporate tax, gift tax, gambling tax, federal unemployment tax, gas tax, cable and telecom taxes, plane ticket tax, FCC subscriber line charges, car documentation fees, liquor and cigarette taxes, etc.

Denver proposes raising marijuana tax as part of plan to double affordable housing fund.  The City of Denver wants to double the amount of money it spends on affordable housing every year and part of that plan involves raising taxes on marijuana sales.  The city announced on Monday [4/16/2018] a new partnership with the Denver Housing Authority that would involve boosting Denver's affordable housing fund to $30 million annually and issuing more than $100 million in bonds to support more affordable housing over the next five years.

Feds Collect Record Individual Income Taxes Through March; Still Run $599.7B Deficit.  The federal government collected a record $736,274,000,000 in individual income taxes through the first six months of fiscal 2018 (Oct. 1, 2017 through the end of March), according to the Monthly Treasury Statement released today [4/11/2018].  The approximately $736,274,000,000 in individual income taxes that the Treasury collected in October through March of this fiscal year was $24,473,780,000 more than the $711,800,220,000 (in constant March 2018 dollars) that the Treasury collected in the first six months of fiscal 2017.  While the federal government was collecting record individual income taxes in the first half of this fiscal year, both payroll taxes and corporate income taxes declined compared to last year.

Trump Tax Cuts Are Boosting Growth And Mostly Paying For Themselves.  "U.S. budget deficit to balloon on Republican tax cuts" is how Reuters put it in a headline.  But there's more to the story that the media overlooked.  First, the CBO revised its economic forecast sharply upward this year and next.  Last June, the CBO said GDP growth for 2018 would be just 2%.  Now it figures growth will be 3.3% — a significant upward revision.  It also boosted its forecast for 2019 from a meager 1.5% to a respectable 2.4%.  "Underlying economic conditions have improved in some unexpected ways since June," the CBO says.  Unexpected to the CBO, perhaps, but not to those of us who understood that Trump's tax cuts and deregulatory efforts would boosts growth.

New York Democrats Propose $2 Billion in Tax Hikes.  New York Governor Andrew Cuomo (D-NY) and Assembly Democrats have joined together to champion $2 billion in tax hikes in the annual budget.  The hikes target everything from ridesharing (Uber, Lyft) and electronic cigarettes to an internet sales tax and raising the state income tax.  Just as federal tax reform is taking effect, the last thing New Yorkers need is for those savings to be confiscated through Albany's high tax policies.

Why do Democrats love tax hikes so much?  California is already seeing residents and businesses flee the state because of its sky-high taxes.  Yet unbelievably, two Democratic state assemblymen have proposed to more than double the state business tax — hiking it from 8.84 percent to 18.84 percent on businesses with annual net incomes of more than $1 million.  This would be the highest state corporate tax rate in America.  The rationale for the giant tax hike?  Denying the companies tax savings from the federal income tax cuts recently signed into law by President Trump.  Soak the rich!  Billions in new tax revenue for the state!  What could possibly be wrong with that?

Nancy Pelosi Vows Democrats Will Raise Taxes If They Take Back The House.  House Minority Leader Nancy Pelosi vowed Wednesday [4/4/2018] that Democrats will rework the GOP tax bill if they successfully retake the House in the 2018 midterm elections.  Speaking at a Culver City town hall event as part of the "Repeal the Trump Tax" tour, Pelosi pledged that Democrats would overhaul the tax bill into one that "creates growth, creates good-paying jobs, as it reduces the deficit."  "Over 80 percent of the benefits go to the top 1 percent," Pelosi said of the GOP tax cuts. [...] According to the non-partisan Tax Policy Center, the average household will receive a tax cut of $1,610 in 2018.  Only 5 percent of taxpayers will see increased taxes in 2018.

Nancy Pelosi:  When We Take Back The House, I PROMISE We'll Repeal Those Republican Tax Cuts.  As soon as Democrats retake the House in November, Democratic Minority Leader Nancy Pelosi told a town hall meeting Wednesday that the first priority is repealing and "replacing" the GOP tax cut package that passed last December.  Speaking to her constituents in Culver City, California, alongside Hollywood Congressman Ted Lieu, Pelosi pledged to discard the popular bill, which has prompted several major American companies to boost wages, share profits, and in some cases move their production operations back from overseas, because Republicans were so secretive in enacting the bill.

The Editor says...
Isn't this the same woman who said we had to pass Obamacare to find out what's in it?

Look what you pay in state and local taxes.  Good thing Washington gave us a break this year on federal income taxes.  Because the total tax-haul numbers for state and local governments are out for last year — and they'll take your breath away — also your savings and hopes.

Seattle taxes may reach a tipping point.  Property taxes on a median-value house in King County rose $800 compared with 2017, and are up 43 percent over the past four years.  In addition to rising home prices and voter-approved levies, the Legislature's move to fund schools to meet the Supreme Court's McCleary ruling is the biggest driver.  The Seattle City Council is expected to adopt soon some form of head tax on employers grossing more than $8 million to $12 million a year.  The money raised would go for additional spending on homeless services.

State and Local Income, Sales and Property Taxes All Hit Records in 2017.  Real state and local income, sales and property taxes all hit records in 2017, according to data released this week by the Census Bureau.  State and local governments collected a record $404,509,000,000 in individual income taxes in 2017, according to the Census Bureau.  Before 2017, the greatest level of individual income tax revenues collected by state and local governments occurred in 2015, when those governments collected $399,933,270,000 in individual income taxes (in constant 2017 dollars converted using the Bureau of Labor Statistics inflation calculator).

Federal Tax Revenues Hit Record Highs — Are Trump's Tax Cuts Paying For Themselves?  The latest monthly Treasury report on taxes and spending shows that gross tax receipts in February were $1.4 billion higher than the year before.  Weren't the Republican tax cuts supposed to explode the deficit?

Why the Democrats Made Such an Idiotic Tax Proposal.  With the economy roaring as it hasn't in decades, the stock market at all-time highs, and unemployment (including for blacks and Hispanics) at all-time lows, the Democrats have just proposed to "fix things" by raising taxes. [...] Only someone as terminally frozen in 1968 as Bernie Sanders, who has emerged as the spokesperson for the proposal, could think of this as anything less than economic suicide.

We already have 12,000 tariffs.  To hear Never Trumpers (and a few Trumpkins) tell the story, Donald Trump is the first president since Hoover to impose a tariff on imported products.  But Gus Lubin of Business Insider in 2010 reported, "The International Trade Commission lists over 12,000 specific tariffs on imports to America.  Hundreds of agricultural, textile, and manufacturing items are highly protected.  So are obscure items like live foxes."  From a 4.8% tariff on live foxes to a 350% tariff on tobacco, America protected its industries in 2010.  Tobacco is very important to the states and federal government.  Smokers cough up more than $15 billion a year in cigarette taxes.  Government must save Big Tobacco, even as it demonizes it.  Tariffs are a shell game.  Literally.  We slap a 131.8% tariff on unshelled peanuts.  With shells, the tariff is 163.8%.  Imported French jam, chocolate, ham, European meats, truffles, and Roquefort cheese are among those products that come with a 100% tariff.

Tariffs Are Taxes.  One of the ironies of trade protectionism is that tariffs and import quotas are what we do to ourselves in times of peace and what foreign nations do to us with blockades to keep imports from entering our country in times of war.  Or consider that we impose sanctions on U.S. enemies such as North Korea, Russia, and Iran because we want them to feel the economic pain of being deprived of imports.

Task force recommends 'head tax' on some Seattle businesses to fund help for homeless.  A Seattle task force is recommending the City Council adopt a $75 million-per-year "head tax" on high-grossing businesses to help address homelessness.  Members of the community panel set up by the council reached consensus during their last meeting Thursday [3/1/2018] after about two months of work.  The council narrowly rejected a $25 million-per-year head tax (also called an employee-hours tax) in November, instead vowing to revisit the issue and pass a tax this year after more study by the task force.  Under the November proposal, the city would have taken 6.5 cents per employee, per hour, from companies grossing more than $10 million per year.  With representatives from nonprofits, advocacy groups and businesses, the task force was told to consider "new progressive revenue sources," including a head tax (also called an employee-hours tax) capable of raising $25 million to $75 million a year.

Amazon earned $5.6B in 2017, but paid no federal taxes.  Jeff Bezos' sprawling e-commerce giant Amazon reportedly raked in more than $5.6 billion in U.S. profits in 2017, but despite that, the company essentially paid $0 in federal income taxes.  That's largely attributable to "excess stock-based compensation deductions" and the effect of the 2017 Tax Act, according to the company's U.S. Securities and Exchange Commission filing earlier this month.  In other words, Amazon was able to leverage the tax credits and breaks to zero out taxes it owed this year, according to the Institute on Taxation and Economy Policy (ITEP), a non-partisan think tank.

GOP Tax Cuts Are Turning Out To Be A Disaster ... For Democrats.  Not long ago, Democrats expected that the GOP tax cuts would be a political disaster for Republicans, just like ObamaCare was for Democrats in 2010.  How's that prediction working out?

States where Americans pay the least (and most) in taxes.  In the U.S. federalist system, each state government decides how to generate revenue — that is, which taxes to collect, and how.  No state tax code is identical and, largely as a result, what the average American pays annually in taxes varies from state to state. [...] In addition to federal, state, and local taxes, Americans pay taxes to other states.  Out-of-state visitors pay sales taxes as tourists, investors pay capital gains taxes on investments in other states, and drivers filling up at gas stations in other states pay those states' excise taxes.  For this reason, the tax burden is not always a perfect reflection of taxes collected.

IRS to Ban Hedge-Fund Tax Dodge on Carried Interest.  Treasury Secretary Steven Mnuchin said the Internal Revenue Service plans on closing a loophole that hedge-fund managers had been trying to exploit to avoid paying higher taxes on carried-interest profits.  Mnuchin told the Senate Finance Committee that a Bloomberg News story Wednesday [2/14/2018], which detailed how hedge funds created scores of shell companies to work around the new carried-profit rules, prompted him to instruct administration officials to issue guidance on the subject within two weeks.

To pay for highways, expanded tolls are better than higher gas tax.  Facing large debts that will be partly of his own making, thanks to last week's spending bill, President Trump must now find sources of funding for his next big priority:  the infrastructure bill he has promised.  The loudest voices so far among big business and the environmental lobby have argued for more than doubling the federal gas tax.  But on Tuesday [2/13/2018], Transportation Secretary Elaine Chao expressed skepticism, stating that the tax has a "very regressive impact" on low-income citizens and that a gas tax hike "is not ideal."  Chao is right about this, but there's a stronger argument still against relying on a massive gas tax increase to fund everything.  Namely, such a tax hike would amount to a further huge subsidy for a big business.

With A Budget Like This, Can Tax Hikes Be Far Behind?  Unlike in previous years, when the president's budget was declared dead on arrival as soon as it was released, President Trump's budget was dead before it arrived, killed by a spendthrift Congress.  Nevertheless, the budget does serve a purpose, if only to show how Republicans are paving the way for massive tax hikes down the road.

Republicans consider the unthinkable:  A gas tax increase to pay for infrastructure.  Republicans are weighing whether to raise the federal gas tax.  It's an idea they are prone to hate, but they may need it to pay for President Trump's infrastructure investment plan.  Supporters of the idea note that the tax hasn't been raised since 1993 and have plenty of evidence that resistance to a hike is wearing down.  The U.S. Chamber of Commerce recently called for the Trump administration and Congress to raise the gas tax by 25 cents per gallon to help pay for an infrastructure package, projecting it would generate more than $375 billion over a decade.  For 25 years, the federal tax on gasoline has held steady at 18.4 cents per gallon and 24.4 cents per gallon for diesel.  It is not indexed to inflation.

Tax Revenues Climbed $18 Billion In First Month Of GOP Tax Cuts.  The Congressional Budget Office says that federal revenues in January added up to $362 billion.  That's an increase of $18 billion — or 5.2% — from the year before.  As a result, the government ran a surplus of $51 billion that month, which is equal to the previous January.

Just Say No To A Gas-Tax Hike.  A new report says the White House and GOP members of Congress are discussing raising the federal gas tax to help pay for infrastructure rebuilding.  It's a very bad idea, one that will erase much of the goodwill that came from cutting Americans' taxes.

California and the definition of insanity:  Why do Democrats love tax hikes so much?  California is already seeing residents and businesses flee the state because of its sky-high taxes.  Yet unbelievably, two Democratic state assemblymen have proposed to more than double the state business tax — hiking it from 8.84 percent to 18.84 percent on businesses with annual net incomes of more than $1 million.  This would be the highest state corporate tax rate in America.

Seattle Tax Killing local Business so Let's Make it Statewide!  It's amusing to watch Seattle tell us that this tax is designed to get people to drink less sugary drinks, that is, to change their eating behavior, while at the same time saying that it won't change people's shopping behavior when it comes to shopping.  However that's not what local businesses are reporting.

Pizza shop owner says Seattle's soda tax is costing him business.  It hasn't been a full month since Seattle implemented its soda and sugary beverages tax, and one Seattle business owner has said that the tax is costing him his business.  Businesses and consumers saw sticker shock immediately when the tax went into effect in early January.

Sorry, Blue States:  You Can't Fix the Tax Bill.  It's an unhappy time to be a high-income professional in a blue state — or their governor.  The new tax law, which caps the deduction for state and local taxes at $10,000, amounts to a roughly one-third increase in their effective state-and-local tax rate.  That will be an ugly hit to the pocketbook.  They will fiercely resist any attempt to raise taxes further, bad news for mayors and governors who are often facing big pension holes that are eventually going to need to be filled with taxpayer money.  Worse still, they will probably put pressure on said politicians to lower taxes.  And some of them may start shopping for residences in lower-tax locales, taking their valuable, taxable incomes with them if they go.

Get Ready for a Meat Tax Push.  A story in The Atlantic suggests that meat taxes are "inevitable."  So does The Independent and The Guardian.  These folk are serious.  PETA wants to tax meat toward the end of outlawing all eating meat — and eventually all animal husbandry — because, you know, "a rat, is a pig, is a dog, is a boy."  Global warming hysterics want to end meat because of animal flatulence.  An industry investment research group report warns that a meat tax is likely due to the Paris Accords.

Enviros Push Meat Tax.  Environmentalists are targeting your hamburgers and buffalo wings with a "Meat Tax."  And they claim they have "never been closer to a meat tax."

Bad News For Dems:  The GOP Tax Cuts Are Getting More Popular By The Day.  The Republican tax reforms are growing increasingly popular as people start to realize the benefits.  For Democrats who unanimously opposed these tax cuts, this can't be good news.

Congestion pricing:  Driving in Manhattan could cost $11.52.  Motorists would have to shell out $11.52 to drive into the busiest parts of Manhattan under a new proposal floated by Gov. Andrew Cuomo to ease traffic congestion and raise vital funds for mass transit.

California Democrats want businesses to give half their tax-cut savings to state.  California lawmakers are targeting the expected windfall that companies in the state would see under the federal tax overhaul with a bill that would require businesses to turn over half to the state.  A proposed Assembly Constitutional Amendment by Assemblymen Kevin McCarty, D-Sacramento, and Phil Ting, D-San Francisco, would create a tax surcharge on California companies making more than $1 million so that half of their federal tax cut would instead go to programs that benefit low-income and middle-class families.

Chamber of Commerce wants 25 cent increase in gas tax to pay for infrastructure.  The U.S. Chamber of Commerce plans to soon announce a proposal for the Trump administration and Congress to raise the federal gas tax by 25 cents per gallon to help pay for an infrastructure package.  Chamber President Thomas Donohue told the Washington Post Tuesday [1/16/2018] that the nation's biggest business lobby wants "to put our oar in the water" but acknowledged it would be "a tough vote" to raise the gasoline tax for the first time since 1993.  "I've been pushing this for a long, long time, but now gangs of people are pushing it," Donohue said.  The increase would raise more than $375 bilion over a decade, the Chamber says.  The Trump administration is expected to introduce a plan soon to revitalize the nation's roads, bridges, highways, and other infrastructure.

Wealthy exodus to escape new tax rules worries California Democrats.  The Republican-backed federal tax bill flipped the tables on a never-ending question for California politicians:  Will high taxes lead the state's wealthiest residents to flee the Golden State for the comparable tax havens of Florida, Nevada and Texas?  Republicans reliably raise that alarm when Democrats advocate for tax increases, like the 2012 and 2016 ballot initiatives that levied a new income tax on very high-earning residents.  But now, with the federal tax bill cutting off deductions that benefited well-off Californians, the state's Democrats suddenly are singing the GOP song about a potential millionaire exodus.

Fanta Is Healthier Than Fascism.  Seattle's 1.75-cent per ounce tax on sugary drinks went into effect earlier this month. [...] Stores selling liquid deliciousness in bulk suffer the consequences.  At Costco, which specializes in bulk, the tax — Seattle insists on calling it a fee — hits hard.  A 35-pack of Gatorade, the beverage favored by the healthiest people in society, cost $15.99 at Costco before the "fee" and $26.33 after it.  Social media posts noting the price explosion also highlight Costco's advice for consumers to shop at their locations outside of Seattle.

Soda Tax Sticker Shock Grips Seattle.  On January 1, Seattle had several new progressive laws go into effect.  Along with mandatory paid sick leave, mandates for employers to post work schedules 14 days in advance, and severe restrictions on short-term rental platforms (Airbnb, VRBO, etc.), Seattle imposed a massive new soda tax — 1.75 cents per OUNCE on sugary drinks.  In response, at least one major retailer advertised in detail the reason for the significant increase in prices.

Consumers Find Seattle Soda Tax Distasteful.  The [Seattle] city council signed off on a 1.75 cent per-ounce sweetened beverage tax last summer, which became effective on Jan. 1.  This tax encompasses anything from sodas to sports drinks.  According to The Seattle Times, tax advocates — no doubt in addition to yearning for more city revenue — reasoned that stretching wallets thin by utilizing the now-fashionable health-by-legislation model would prompt massive consumer turnoff.  As Mosqueda went on to say, her team aspired to "impact norms and behaviors for folks in term of choice and consumption."  There were certainly impacts — and they were directed against the "leadership" of city council members.  Just days into the new tax, Twitter users began venting their frustration.  One picture, taken at a local Costco, revealed a staggering price of $17.55 for a case of three dozen 12 oz. Dr. Pepper cans.  Costco took the liberty of revealing both its price ($9.99) and the cutely named "City of Seattle Sweetened Beverage Recovery Fee" ($7.56).

Americans Are Voting With Their Feet For Low Taxes, Less Regulation.  The latest bit of evidence comes from North American Moving Services, which annually reports where people are moving to, and from, within the U.S.  Its findings show that between 2011 and 2017, 10 states saw a net influx of people from other states in one or more of those years, while 9 suffered losses.  The rest of the states saw no net change in any of those years.  South Carolina, Arizona, Florida and North Carolina were net winners in most of those years.  New Jersey, Illinois, Connecticut, Pennsylvania and Michigan were consistent losers.

Blue States Search For Ways to Preserve Subsidies.  Blue state governments are reeling following enactment of the tax reform bill, which among many other virtues, corrects an injustice: residents of low-tax states like South Dakota will no longer be forced to subsidize residents of high-tax states like New York.  Or at least, not to the same extent.  State and local taxes will still be deductible, up to $10,000.

Costco price labels perfectly expose the absurdity of Seattle's new sugary drink tax.  To ring in the new year, Seattle implemented a new tax on its residents:  the dreaded sugary drink tax.  Now, we know just how much the tax will hurt consumers.

As Caps on Federal Deductions Begin, High-Tax States Seek a New Scheme.  For many, there are few things quite as enjoyable as watching high-tax states kvetch that the new GOP tax plan caps deductions on federal tax returns for state and local taxes.  Taxpayers in other states have long subsidized the spendthrift ways of states like California and New York.  Those states could always sell yet another tax increase to their citizens, who knew they could deduct the increase on federal returns.  But those days are over, and high-tax states are scrambling to figure out how to keep having their cake and eating it, too.  The New York Times reports:  "One proposal would replace state income taxes, which are no longer fully deductible under the new law, with payroll taxes on employers, which are deductible.  Another idea would be to allow residents to replace their state income tax payments with tax-deductible charitable contributions to their state governments."  This is in addition to efforts to sue the federal government — as if a federal tax deduction is somehow a right.

Harvard Gets No Sympathy for Complaining About New Tax on Its Endowment.  Harvard's endowment reaches into the tens of billions.  They can complain about the new tax plan but very few people are feeling their pain.

California Dem pols scrambling in wake of cuts to deductibility of state and local taxes.  You'll never believe the scam being considered by California's Democrats to defraud the IRS.  They know they have a huge problem.  Roughly half of the state's income tax receipts are paid by the top one percent of taxpayers, and the personal cost of those taxes just went up over one-third, now that they cannot be deducted from taxable federal income under the terms of the new tax reform just signed into law.  For the wealthiest California taxpayers, those earning over $426,700 a year, the impact will be a marginal loss of over five percent of their after-tax income on amounts over 426k.

The Democrats' Hard Candy Christmas.  The Democrats' idea of economic stimulation runs like this:  Give the government more money and they will invest it in useless projects like Solyndra, urban streetcars, and fast trains to nowhere, which eventually get scrapped because, as I said, they are useless and of benefit only to the Democrat politicians' donors.  The Republicans' idea has been to let you keep more of your money and spend it in ways that meet your needs.

With This Tax Cut, Trump and the GOP Are on the Side of the Growth Angels.  With President Trump's signing of the big tax-cut bill, the GOP snatched victory from the jaws of defeat.  Suddenly, the political and economic landscapes have changed.  The Republican party has turned the tables on the Democrats.  Trump and the GOP are on the side of the growth angels with the passage of powerful tax-cut legislation to boost business investment, wages, and take-home family pay.  The Democrats, meanwhile, are left with stale class-warfare slogans about tax cuts for the rich.  Ironically, government unions, with their pension plans heavily invested in equity shares, will benefit hugely from the tax-cut-led stock market boom.  They boo the GOP bill while they should be cheering.

Taxpayer rebellions in the blue states?  The Democrats are hysterical about the Trump tax reform.  You'd probably be hysterical, too if someone was about to blow up your little kingdom.  For years, high-tax states benefited by passing the cost to the rest of the country, or allowing their residents to write off their state taxes on their IRS return.  In other words, the real losers of Trump tax reform are the state legislatures in California and Illinois, [...]

Nancy Ditches Tax Protest After No One Shows Up.  Former Speaker of the House Nancy Pelosi bailed on a "highly-anticipated" protest against the GOP tax cuts making their way through Congress on Monday, ditching the event at the last minute after only dozens of liberal demonstrators turned up at the event inside the Capitol.  A reporter for left-leaning MSNBC news was on the scene to cover the event, but was forced to admit the blatant failure on-air, saying the protest was nothing like "what we saw with the healthcare law."

Five ways the media tries to convince us tax cuts are bad.  To hear the media tell it, tax cuts are Bad For You and you won't like the result.  Pay no attention to the fact that the cost of living is up, the government is bigger, incomes have stagnated, large corporations are no longer creating jobs, and the U.S. hasn't had a major tax cut since 1986.  Somehow, we are all supposed to believe tax cuts which put more of our own money in our pockets, will make us miserable.  It's the most fallacious collection of up-is-down arguments ever assembled.

Sanders: If Dems Take Control of the Senate 'Absolutely' Corporate Tax Rate Is Going Up.  Sunday on CBS's "Face the Nation," Sen. Bernie Sanders (I-VT) said if the Democrats took control of the Senate after the 2018 midterms elections, the corporate tax rate would go up.  [Video clip]

Why Susan Collins Will Vote to Kill Obamacare's Insurance Mandate.  The median household income for Maine is $53,079, according to the latest Census Bureau survey.  This is about $4,500 below the median household income for the nation as a whole, and more than $17,000 below the figure for their nearest neighbors in New Hampshire.  And it gets worse.  New Hampshire residents don't pay state income tax.  Mainers, on the other hand, pay state income tax, property tax, sales tax, annual excise tax on their cars, ad infinitum.  The citizens of Maine are lucky to escape with their shirts once the federal, state, and local governments finish with them.

Trump may get tax cut bill with more generous credits for illegal immigrants.  President Trump has been willing to accept almost anything to close the deal on his giant tax cut bill before Christmas, including staying mum about a measure that would allow illegal immigrants to pocket the more generous child tax credit included in the package.  Illegal immigrants have been collecting the payoff from the "refundable" tax credit for years because of an IRS interpretation of how the rule was drafted.  The Republican-controlled Congress this fall had a chance to correct that in the tax code overhaul that in the Senate version doubled the child tax credit to $2,000 and expanded eligibility.

That Democratic rhetoric about taxing the rich?  It's a con.  Democrats have asserted for years that the rich aren't paying enough in taxes.  In her Democratic National Convention speech in 2016, Hillary Clinton put it in the party's characteristically way, saying "Wall Street, corporations, and the super-rich are going to start paying their fair share of taxes."  Never mind that, according to the most recent data, the "1 percent" pay more than 25 percent of all federal tax revenue, more than the bottom 60 percent of income earners combined.  Democrats are usually loathe to give a specific number, but whatever the rich are paying, it isn't enough.

Our Reps Are (Still) Idiots.  OK, so they finally passed it.  The Senate tax reform bill, however imperfect, will return money to taxpayers, spur business, and increase jobs.  Significantly, the bill repeals the Obamacare mandate and provides other benefits, such as opening portions of the Arctic National Wildlife Refuge for oil and gas drilling.  These are major accomplishments.  Yet nearly half of our representatives in the Senate voted no, and what with Sen. Corker's obstruction, Republicans came close to stumbling once again. [...] Why would the people's representatives, all of them, not rush to pass a major reform that would bring such good to ordinary Americans?  Obviously, because they are idiots.

If Tax Cuts Can 'Change American Life,' Then Gov't Really Is Too Big.  Critics of the Republican tax cuts fret that they will have a profound effect on American lives.  If true, that's all the more reason to cut taxes and simplify the tax code.

Tax Cut Bill to Stop Cash Payments to Illegal Immigrants.  Buried in the tax reform bill the House of Representatives passed last week is a small provision — one long advocated by immigration hawks — to close a loophole that allows illegal immigrants to get cash from the government.  Congress prohibited such transfer payments in 1996, but the Internal Revenue Service's interpretation is that the prohibition does not apply to a government assistance program created after that statute.  Known as the additional child tax credit, the program is designed for low-income people whose tax burden is too low to qualify for the regular $1,000-per-child credit.  It allows families, in other words, to get more money back on their tax returns than they originally pay.

The Dems' Tax Demagoguery.  Senate Minority Leader Chuck Schumer and the Democratic Party are trying to torpedo the biggest tax cut since 1986.  Schumer accuses GOP tax cutters of "messing up the good economy the president inherited from President Obama and hurting the middle class."  The senator must think we're stupid.  The Obama economy wasn't "good."  It was lousy, sputtering along at a pathetic 2.1%, far below the 3.8% norm for this nation.  Who got clobbered?  The middle class, who had to settle for almost no increase in wages and disappointing job prospects.

Average price per gallon up 17 cents in Los Angeles since gas tax took effect.  The average price for a gallon of gas in Los Angeles County is up 17 cents compared to last week after a new 12-cent gas tax was tacked on at the pump.  In Orange County, the average price-per-gallon is 18 cents more than it was one week ago.

The GOP's Boneheaded 'Bubble' Tax Will Pave The Way To Higher Tax Rates.  The bubble tax is basically an attempt to take away the initial 12% tax bracket from wealthy taxpayers.  Under the House plan, a family making between $1.2 million and $1.6 million would pay a 6% surcharge on income in that range, on top of the 39.6% rate they'd already face.  That way, the tax cut will be more "fair."  Remember:  The original plan would cut the top rate to 35%, so right off the bat this seems like a major step backward both for pro-growth tax cuts and simplicity.  But fear not, says Ways and Means Chairman Kevin Brady, because this is a bubble rate that would make President Reagan proud.

America benefits when corporate taxes are cut from 35 percent to 20 percent.  The United States has one of the highest corporate tax rates in the world.  If you want to know why so many U.S. companies go through "inversions" (setting up new corporate headquarters in other countries), there's your answer.  Why pay 35 percent of your net earnings when you can pay a much lower rate elsewhere?  So the long-overdue proposal released Thursday [11/2/2017] to reduce the corporate tax rate to 20 percent is one of the most important economic developments this country has seen in a very long time.  It's part of a much larger Republican proposal, and there's plenty of time to talk about the other provisions.  But for today let's focus on the corporate tax rate, because there's nothing that will do more to spur productivity and economic growth.

GOP's tax bill cancels $23 billion in credits claimed by illegal immigrants.  The new GOP tax overhaul would strip illegal immigrants of the ability to claim several major tax credits, saving the government $23.1 billion over the next decade, according to the bill's authors.  For years Republicans have complained that despite a general ban on taxpayer benefits flowing to illegal immigrants, the IRS has allowed them to collect the child tax credit, the American Opportunity Tax Credit and the Earned Income Tax Credit.  Efforts to shut down those claims have been tried in the House but have never cleared Congress.  But the new tax overhaul tries again, calling for taxpayers to have to submit work-eligible Social Security numbers in order to claim the credits.

Republicans cutting $23 billion gift to illegal aliens.  I do not like tax credits.  They are welfare.  You get the money regardless if you pay taxes.  It's a negative income tax that is flat-out Marxist.

National Park Service Proposes Targeted Fee Increases at Parks to Address Maintenance Backlog.  Proposed peak season entrance fees and revised fees for road-based commercial tours would generate badly needed revenue for improvements to the aging infrastructure of national parks.  This includes roads, bridges, campgrounds, waterlines, bathrooms, and other visitor services.

The Facts About Who Pays the Most in Taxes in America.  According to the latest IRS data, the payment of income taxes is as follows.  The top 1 percent of income earners, those having an adjusted annual gross income of $480,930 or higher, pay about 39 percent of federal income taxes.  That means about 892,000 Americans are stuck with paying 39 percent of all federal taxes.  The top 10 percent of income earners, those having an adjusted gross income over $138,031, pay about 70.6 percent of federal income taxes.  [...] But the fairness question goes further.  The bottom 50 percent of income earners, those having an adjusted gross income of $39,275 or less, pay 2.83 percent of federal income taxes.

Long quiet Chicago area taxpayers push back and win in soda tax battle.  Overtaxed residents of Cook County, where Chicago is, are finally waking up.  After decades of being slapped by tax after tax[,] folks are fighting back.  Last week the Cook County Board of Commissioners voted to repeal a hated penny-per-ounce sweetened beverage tax, one that until the repeal takes effect on December 1, places a 39 percent tax on a $4.88 12-pack of soda pop.  "The pop tax is dead, but the issue is bigger than the pop tax," Cook County Commissioner John Fritchey (D-Chicago) told the Chicago Tribune's John Kass last week.  "The issue here is that the people of Chicago and Cook County are not used to having their voices heard and making a difference, with public outrage forcing an elected body to reverse course.  This is something."  Cook County Board President Toni "Taxwinkle" Preckwinkle (D-Chicago) last year had to issue a rare tie-breaking vote last year to enact the soda tax, which took effect two months ago.  Last week commissioners voted 15-2 to kill it.

Why Keep a Tax That Everybody Avoids Paying?  Trump articulated his thoughts on the estate tax during the campaign.  "No family will have to pay the death tax," he wrote.  "You earned and saved that money for your family, not the government.  You paid taxes on it when you earned it."  His plan as president reflects his rhetoric as candidate.  But several Republican senators appear skittish.  To not make the perfect the enemy of the good, and perhaps to acknowledge that no plan reads as perfection, the estate tax likely emerges as the component of the overall plan most open to negotiation.

Trump's $33 Billion Tax Cut You Didn't Know You Just Got.  In a recent editorial, we noted that President Trump's decision to get rid of President Obama's Clean Power Plan would be a major money-saver for companies and a deregulatory boost for the economy.  Now, new data actually put a dollar figure on it.  Senior Trump officials now estimate that the president's decision will save consumers some $33 billion [...] since they will avoid paying the much-higher costs that Obama had baked into the energy cake through his plan to cut CO2 emissions by 35% over the next 14 years.

The Progressive Machine Takes a Big Hit in Cook Country, Illinois.  Yesterday [10/11/2017], something extraordinary happened:  a progressive racket just got busted in a place notorious for one-party, corrupt, and highly taxed Democrat governance.  As you may have heard, the Board of Cook County, Illinois repealed its penny-per-ounce tax on sweetened beverages, by a vote of 15 to 2, after passing it last July.  This isn't just about people who guzzle Coke and Pepsi; it is about the progressive racket that follows a battle plan aimed at the state controlling more and more aspects of citizens' lives, while it consumes more and more of their income.

Enough Already with 'Pay Your Fair Share'.  Taxes are the next frontier.  Republicans are the party of lower taxes and smaller government, aren't they?  That's what I always thought until the past 16 years.  The national debt doubled under a Republican president, then doubled again under a Democrat president — while the GOP controlled Congress during most of those 16 years.  If health care reform is a harbinger of tax reform, it's likely that nothing will happen.  Taxes will remain where they are.  And hopefully, many GOP representatives and senators, after 2018, will not remain where they are, primaried into early retirement.

Bernie Sanders Goes There:  Let's Have A "Wealth Tax".  You're probably already aware of the growing popularity of Bernie Sanders among the furthest left wing of the Democratic Party.  (Ironic, since Senator Sanders fled the party and re-registered as an independent as soon as his presidential bid ended.)  One of his most often discussed proposals lately is a single payer health care scheme involving "Medicare for All."  The big sticking point on that plan is the almost unimaginable price tag that goes along with it and the question of how he plans to pay for it.

For GOP, Tax Reform May Be Last Chance To Save Jobs — Their Own.  Tax reform is really about growth, not about redistribution.  It's absurd to suggest we can only cut taxes on the middle class and the poor, since the top 10% of all incomes pay over 70% of all the taxes.

Residents not thrilled about mayor's proposed property tax hike.  Many Houston residents are still dealing with flood damaged homes and wondering how much it will cost them to get back to normal.  On top of paying for repairs, the city of Houston may increase property taxes by nine percent.

Americans pay more in taxes than they spend on food, clothes.  Americans spent more money on taxes than they did on food and clothing last year, according to data released earlier this week.  In an assessment of "Consumer Expenditures" for 2016, the Bureau of Labor Statistics showed the average bill for federal, state and local taxes was $10,489.  By comparison, Americans spent $9,006 on food and clothes, with most of that going toward food.  CNSNews.com first pointed out the findings.  While it may not come as a surprise that American households are shelling out to Uncle Sam, the data showed that bill has risen sharply in recent years — the average tax bill rose 41 percent overall since 2013.

Freedom Foundation sues Seattle over controversial new income tax.  The Freedom Foundation sued Seattle Wednesday over its controversial new income tax on the rich, which critics call "an assault" on the law that sets a dangerous precedent.  The tax, passed by the Seattle City Council last month, targets high-income earners as part of what local lawmakers describe as "a new formula for fairness."  The tax measure requires residents to pay a 2.25 percent tax if they are a single filer and make more than $250,000 annually or file jointly and make more than $500,000.

Philly's Soda-Tax Fiasco.  So-called sin taxes, intended to make people pay extra for their unhealthy or socially undesirable habits, have always been popular.  Since people often feel guilty about their bad or unhealthful habits, it's often easy to tax them more for their "sins."  It was in this spirit that Philadelphia raised the tax on soda sky-high.  What taxpayers got was a lesson in unintended consequences.

Study: Philadelphia Tax Makes Soda More Expensive Than Beer.  Philadelphia's tax on sugary drinks has made soda more expensive than beer in the city.  The Tax Foundation released a new study on the excise tax last week, finding that the 1.5-cent per ounce tax has fallen short of revenue projections, cost jobs, and has forced some Philadelphians to drive outside the city to buy groceries.  The study finds that the tax is 24 times higher than the Pennsylvania tax rate on beer.

Illinois' bubbling soda tax rebellion.  Could it be that the deep-blue residents of America's second-most populous county, Cook County — Chicago is the county seat — have had enough?  Probably not, at least yet.  But serious dissent may be bubbling as the effects of Cook County's unpopular soda tax sink to the bottom of the glass.  Cook County Board President Toni "Taxwinkle" Preckwinkle, a former Chicago alderman who represented the University of Chicago area — the Obamas were among her constituents — touted that tax as a public health measure.  The new tax covers not just soda but also many other sweetened beverages including those with corn syrup, such as diet sodas, some iced teas, and bottled sweetened Starbucks coffee — but not, for instance, cavity-causing Frappuccinos prepared at a Starbucks location by a barista.  Even "free refills" are taxed now.

De Blasio wants to tax the rich to pay for subway repairs.  He said the subways weren't his responsibility, but Mayor de Blasio now wants to tax wealthy New Yorkers to pay for everything from emergency rail repairs to low-cost bus and train rides for the poor.  De Blasio on Sunday unveiled an election-year pitch to raise $800 million a year for mass transit by soaking the rich with a nearly 14 percent tax increase on high-income Big Apple residents.  The proposed city income-tax hike would raise the rate for individuals making more than $500,000 and married couples earning over $1 million from 3.876 percent to 4.41 percent.  Hizzoner wants to earmark the bulk of the new cash to fix the decrepit subways and upgrade the bus system.

Cook County Continues to Tax Itself Into Oblivion.  The leftists who dominate Chicago have been spending the entire state of Illinois into insolvency.  But for true believers in liberalism, all is not lost so long as the moonbats responsible can still find new things to tax: [...] Liberals sell soda taxes with sugar hysteria.  The gullible dutifully believe that sugar is a drug and even a poison.  Note that the tax applies even to drinks that contain no sugar.  The taxes will remain, long after sugar hysteria has gone the way of fretting about global cooling and the hole in the ozone.

Taxes Will Account For Nearly One-Third of Chicago Soda Prices.  A new tax on sugary drinks designed to generate revenue for cash-strapped Cook County will be the third burdensome tax applied to soda prices in Chicago, making a $4 12-pack of soda in the city cost $5.97.  Beginning July 1, residents of Cook County may notice their grocery bills growing as a penny-per-ounce tax on artificially sweetened beverages takes effect.  The new tax will be added on top of Chicago's highest in the nation sales tax of 10.25 percent and the city's 3 percent tax on non-alcoholic beverages.

Seattle's Income Tax Brings Out the Crazy in People.  By unanimous vote, the Seattle City Council has now enacted an Income Tax ordinance imposing a tax on "high income residents," i.e, those whose annual incomes exceed $250,000 ($500,000 for joint filers).  The new legislation is largely the work of Councilwoman Kshama Sawant, an unabashed leftist and redistributionist who was elected on the Socialist Alternative party ticket, and who was a moving force behind Seattle's ill-advised $15 per hour minimum wage.

AFSCME Pressuring Cook County Commissioners to Raise Sales, Alcohol, Parking and Cigarette Taxes.  AFSCME officials proposed seven tax increases for Cook County as a way to save union jobs, including an increase in the county sales tax, a new head tax and doubling the amusement tax to 6 percent, despite the county's local tax burden already being among the highest in the nation.

First bicycle tax in nation leaves bike-crazy Oregon riders deflated.  In Oregon, a state known for its avid bicycling culture, the state Legislature's approval of the first bike tax in the nation has fallen flat with riders.  Democratic Gov. Kate Brown is expected to sign the sweeping $5.3 billion transportation package, which includes a $15 excise tax on the sale of bicycles costing more than $200 with a wheel diameter of at least 26 inches.

The "S" in socialism stands for Seattle.  In a unanimous decision, the Seattle City Council has passed a new income tax on only "rich" under the belief that "social injustice" will disappear if they do as Barack Obama once said and "spread the wealth around."  This new tax-the-rich law is a classic move by Democratic Socialists who are always looking to spend more of our money in the name of so-called "social justice."  But it's also a classic move for another reason — it's illegal.  This law is a violation of the Washington Constitution because it isn't evenly applied to all people (the poor and middle class would not have their income taxed).  In addition, a state law written in the 1980's prohibits counties and cities from taxing net income.  Still, the mayor of Seattle is undeterred, even as he is likely to spend untold amounts of taxpayer money defending the law in upcoming legal challenges.  But wait!  There's more!  The socialists — some would say communists — in the state of Washington aren't done yet.  This tax-the-rich effort is only part two of a three-part agenda.

Best-Run States Are Low-Tax Republican, Worst-Run Are High-Tax Democratic, Study Finds.  According to the latest ranking of states by the Mercatus Center at George Mason University, the most fiscally sound states in the nation are all low-tax, GOP strongholds, while the 10 least-solvent states are almost all high-tax and heavily Democratic.  The rankings in the fourth-annual "Ranking of the States by Fiscal Condition" report, which was released this morning, are based on a review of audited financial statements for 2015 covering five measures that gauge the states' ability to pay bills, avoid budget deficits, and meet long-term spending needs and cover pension liabilities.

California Dems panic over their tax hike.  Democrats control both houses of the California State Legislature with 2/3 majorities, allowing them to pass any bills they wish, with no possibility of obstruction from the powerless GOP.  As Democrats will when they feel empowered, they recently passed a major hike in gasoline taxes that will take over $5 billion a year more from the pockets of motorists.

The Banana Republic of Illinois.  Last week, Illinois House Speaker Mike Madigan endorsed a $5 billion annual income tax hike.  This would be the largest tax increase of any state in years.  Republican Gov. Bruce Rauner has blocked new taxes for three years but is now under intense pressure from the Springfield political machine to agree to the revenue heist.  Anyone who thinks this soak-the-rich scheme will solve Illinois' long-term budget crisis should have their head examined.  Illinois already ranks in the top three among the 50 states in state-local tax burden, so if raising taxes were any kind of solution here, the Land of Lincoln would be a Garden of Eden.

The Dirty Secret of How Income Taxes Really Work.  It is useless to try to get the "rich to pay their fair share" through progressive taxes. [...] The bottom line is that all income taxes are paid (deducted from an inflexible income) only by the people in the second group, or the "middle class."  Any tax increase is ultimately paid by them only, in the hard day-to-day facts of higher taxes and higher prices.  Government handouts eventually rise with inflation.

A License to Mow Lawns?  Occupational Licensure and Liberty.  If teenagers in Gardendale, Alabama, want to earn money this summer mowing lawns, they'll need to comply with a city ordinance requiring them to get a lawn mowing license, permission that will cost $110. [...] How did we come to a place where the powers that be can demand people apply for permission to earn a living?  Is occupational licensure not a contemporary cousin to the Stamp Act that sparked a revolution?

47 Conservative Groups and Activists:  The Senate Should Repeal All Obamacare Taxes.  The U.S. Senate should accelerate or maintain the tax relief in the House passed American Health Care Act, 47 free market groups and activists today wrote in a letter addressed to Finance Committee Chairman Orrin Hatch (R-Utah).  Recent media reports suggest the Senate may delay or eliminate repeal of some of these Obamacare taxes.  As the coalition notes, this would be a mistake.

How About E-Verifying Tax Refund Recipients?  The Trump administration is said to be thinking about illegal aliens and Social Security.  Let's hope the focus of the new people is not on Social Security beneficiaries, as benefits are not supposed to be paid to those without legal status, anyway.  This part of the system may not be enforced with zest, but the rules are in place.  Clearly such systems could, and should, be tightened.  The focus on Social Security and illegal aliens, however, should be on seeing to it that the massive amount of information on the illegals held by the SSA — now rarely shared with other agencies — should be routinely dispatched to other federal outfits that can, and should, do something about it.

Illinois Seeks 20 Percent 'Privilege Tax' on Financial Advice.  The word "privilege" is starting to cause a visceral reaction in me.  Class warfare is alive and well, legalizing theft is an increasingly popular idea, and criminalizing expertise is called "progressive."  The state of Illinois is considering a whopping 20 percent "privilege tax" on financial advice: [...] ["]The new tax is pitched as a way to squeeze more revenue — as much as $1.7 billion a year — from hedge funds and private-equity firms, which purportedly get off easy on their federal taxes because of the 'carried interest loophole.'["]

It's Time To Tone It Down On Health Care.  Fact #3: The ACA created twelve new taxes such as the Medical Device Tax, an Earned Income tax, the Cadillac tax, and the Medicine Cabinet tax.  Four previously existing taxes were increased, including the Biofuel tax and the Medicare Payroll tax.  The AHCA rolls back virtually all of these taxes.  There is a good chance that the Senate will leave the rollbacks in place.  That translates to more take home pay, more money in your wallet, and probably more job opportunities.

Soda tax goes flat in Santa Fe.  A national trend in favor of so-called "soda tax" initiatives took a hit Tuesday when Santa Fe voters soundly rejected a proposed 2-cents-per-ounce tax on the distributors of sugar-sweetened beverages in a special election unlike anything New Mexico's capital city has seen before.  A record 37.6 percent of registered voters turned out for the election — more than the hotly contested 2014 three-way race for mayor won by Javier Gonzales, who proposed the tax — and 58 percent voted "no."  The final tally was 11,533 against the soda tax and 8,382 in favor.

California Hails Soda Tax As Necessary Measure, Citizens Furious After True Use Of Money Revealed.  In Oakland, CA, council members are upset with the Mayor Libby Schaaf for pulling a "bait and switch" on its voters.  A Soda tax measure that was passed last year, which is also known as Measure HH, was sold to voters as a measure to help combat obesity and fight the big soda lobby.  During the campaign, Mayor Schaaf was a strong proponent of the measure that was pushed to voters on the premise that the money would be used to help fight against the epidemics of childhood obesity and diabetes.  Measure HH, which passed with 61 percent support, is a penny-per-ounce tax on the distribution of sugar-sweetened beverages.  It is projected to generate up to $8 million in revenue annually.

List of Obamacare Taxes Repealed.  As a presidential candidate in 2008, Barack Obama had promised repeatedly that he would not raise any tax on any American earning less than $250,000 per year.  He broke the promise when he signed Obamacare.  With the passage of the House GOP bill, tens of millions of middle income Americans will get tax relief from Obamacare's long list of tax hikes.

End the Income Tax.  How did our country thrive without income taxes for 126 years?  Answer: federal spending was significantly lower than it is today.  In the early 1900s, government spending accounted for roughly 7% of our GDP; today, federal spending accounts for around 35% of our GDP.

The Democrats' Desperate Ploy To Block Tax Reform.  Democrats say they won't work with President Trump on tax reform unless he first releases his tax returns.  This has to be the lamest excuse for not fixing the tax code we've ever heard.

104 Years of the Income Tax:  Then and Now. 
  •   In 1913 the top marginal income tax bracket was 7% — today it is 39.6%.
  •   In 1913 the marginal income tax bracket range was 1% - 7%. Today the range is 10% - 39.6%.
  •   In 1913 there were 400 pages in the tax code.  Today there are 74,608 pages in the code.

Why Does It Cost $409 Billion To Figure Out What We Owe In Taxes?  If President Trump wants to drain the swamp, the best place to start is with the tax code, which is so complicated that Americans spend billions of hours and hundreds of billions of dollars just trying to figure out how much they owe.  The IRS instructions for filing out the 1040 form include a box near the back that estimates how much time it takes to fill that one form out.  This year, it's 15 hours.  That's a 67% increase from 1988.  This year, the instruction booklet runs 241 pages.  In 1988 it was fewer than 80.  The tax code has become so complicated that even the IRS complains about it.

California Prepares to Enact the Highest Gas Tax in the Country.  The California Senate Democrats has approved a multi-billion-dollar increase in the state's gas tax to pay for road and infrastructure projects.  The so-called Road Repair and Accountability Act would ratchet up the state's gas tax by 12 cents a gallon, and raise the tax on diesel fuel by 20 cents a gallon.  It also etches out an additional charge to annual vehicle license fees ranging from $25 to $175 depending on the car's value.  The Senate passed the bill, 27-11 on Thursday [4/6/2017].  Republicans did not support the measure.

Taxifornia Does It Again.  California's far-left government has done it again.  Not realizing its real problems are excessive spending on misplaced priorities, excessive taxes, too much debt and a far-too generous welfare state, its legislature working in cahoots with Gov. Jerry "tax-and-spend" Brown has pushed through the largest tax hike in state history.

Taxpayers Spend 6.1 Billion Hours, $234 Billion Per Year on Tax Compliance.  Taxpayers spend 6.1 billion hours a year just to comply with the federal tax code, according to experts at a Tax Foundation event on Monday [3/27/2017].  Pete Sepp, president of the National Taxpayers Union, said that tax compliance costs taxpayers $234 billion per year in direct costs and lost productivity.  "The problem is the status quo — thinking that, well, if we don't do tax reform this year it will just be that bad," Sepp said.  "No, the status quo is not the static quo — it's going to get worse."  "The paperwork burden inventory at the Office of Management and Budget related to Treasury is expected to rise by another 2 billion hours in the next few years," he said.  "One-third added to that, we're looking at tax compliance costs of north of $400 billion a year."

Proposed US Carbon Tax — A Recipe for Disaster.  A group of Republican elder statesmen have recommended that the US adopt a $40/ton carbon tax as the "most efficient and effective way of reducing CO2 emissions".  This post reviews the potential economic impacts of such a tax on the US energy sector.  It concludes that the impacts on the oil and natural gas sectors would be comparatively minor but that the impacts on the coal sector would be severe.  Electric utilities with a high percentage of coal in their generation mix could well be driven into bankruptcy.

We're all crooks.  The laws that tell you how much tax you owe are so complex that only a few citizens dare, on their own, to propose a figure they are pretty sure will hold up to a challenge or an audit.  Instead, most pay extra sums for professional help or for insurance to cover the risk.  That's a tax upon a tax.

Internet sales taxes are regulation without representation.  All this talk about "draining the swamp" has the alligators worried.  And some of the most aggressive gators in Washington, D.C., are actually state governments:  they're perpetually hungry for more tax revenue to fuel their burgeoning bureaucracies back home.  One juicy morsel they'd like to snap up is a bigger piece of the e-commerce pie.  They're asking Congress to pass a law to help them pocket sales taxes on goods their residents buy online from out-of-state businesses.

Philly's soda tax is crushing the city's beverage business.  If you live in Philadelphia, that bloated feeling you get from consuming carbonated beverages may be coming from the soda price itself.  Last summer, the city passed a Bloomberg-esque 1.5 cent per ounce tax on soda and other sweetened and diet beverages, a move opposed by beverage distributors and retailers.  Since this tax has gone into effect on Jan. 1, consumption of the sweet drinks is off by as much as 50 percent, according to retailers, and companies involved in getting these drinks to consumers are reporting huge losses and announcing layoffs.

Soda companies, supermarkets report 30-50 pct. sales drop from soda tax.  Two months into the city's sweetened-beverage tax, supermarkets and distributors are reporting a 30 percent to 50 percent drop in beverage sales and are planning for layoffs.  One of the city's largest distributors says it will cut 20 percent of its workforce in March, and an owner of six ShopRite stores in Philadelphia says he expects to shed 300 workers this spring.  "People are seeing sales decline larger than anything they've seen up to this point in the city," said Alex Baloga, vice president of external relations at the Pennsylvania Food Merchants Association.

Groups want Trump to close loophole allowing illegal immigrants to abuse tax credits.  Illegal immigrants need only one number to access billions of dollars in free taxpayer cash.  The Individual Tax Identification Number (ITIN) unlocks an exclusive gateway for non-citizens to receive monies meant for working, low-income Americans.  The nine-digit code was created by bureaucrats in 1996 for foreigners who had to deal with the IRS.  It allows people without a Social Security number, including those in the country illegally, to file taxes.  "It's just a farce to say it was created to collect taxes," Robert Rector, senior research fellow at the Heritage Foundation, told Fox News.  "It's nothing but a welfare program designed for illegal immigrants.  ITINS are for tourists or illegals.  No ITIN filer is eligible to work in the United States."

Inconvenient Truth:  Shultz and Baker's Disastrously Mistimed Carbon Tax.  Ah, a tax!  Who would have thought of that?  Actually Al Gore, who did something similar with the help of some particularly greedy hedge-fund types.  They called it a "carbon exchange" and it is now extinct, although several of its founders, including Gore, made fortunes.

Why Are Republicans Pushing Brand New Taxes?  This week, a group of old-guard Republicans and business leaders — including Reagan administration officials, former Wal-Mart chairman Rob Walton, and venture capitalist Thomas Stephenson — were in the White House pitching a new carbon tax to fight global warming.  The idea is to impose a $40 tax for every ton of CO2 emitted in exchange for a "signicant" rollback in EPA regulations. [...] But dig just a little deeper and you can easily see that this new carbon tax won't deliver on any of promises being made.  First, no matter where it starts, this new tax, like everyone other one ever enacted, will grow in size and complexity.  The Council itself wants it to "increase steadily over time."  And they had to add another new tax on imports to prevent countries that don't impose a comparable carbon fee from taking advantage.  No matter how well constructed, this tax will redirect resources away from their most productive uses and into government coffers.  That is not how you strengthen an economy.

Philadelphia Goes Over the Tax Cliff.  Starting January 1st, Philadelphia implemented the first ever tax on all sweetened beverages, including those sweetened with artificial sweeteners.  The $0.015 tax is being levied on distributors of these beverages, even if the distributor is outside the city of Philadelphia. [...] To put this in context, if you buy a 12 pack of 12-ounce sodas you will be paying an additional $2.16 for the privilege — even if it's diet soda and contains no sugar.  Most of these beverages have an additional Pennsylvania Sales Tax of 6%.  If you are lucky enough to find a 12 pack of soda on sale for $3.00, your total cost will be $5.34.  Protein shakes which many seniors on fixed incomes drink to supplement their diet also contain sugar and will include this onerous tax.

Philly's Drink Tax Is Hurting Consumers, Businesses, and the Poor.  Philadelphians are experiencing considerable sticker shock as the prices of their favorite beverages skyrocket because of the largest soda tax in U.S. history going into effect.  It will be hard for Philadelphians to avoid these price hikes because the city's tax covers more than just sugar-sweetened sodas.  It also applies to fruit drinks, sports and energy drinks, sweetened water, pre-sweetened coffee and teas (although coffee confections such as those created at Starbucks are excluded), and drinks used as mixers in alcoholic drinks (although the alcohol, which is high in both natural sugars and calories, is exempted from the tax).

North Dakota wants hired pipeline protesters to pay state income taxes.  After spending more than $22 million on the Dakota Access pipeline protest, North Dakota wants to make sure any paid activists remember to submit their state income taxes.  Tax Commissioner Ryan Rauschenberger said his office is keeping an eye out for tax forms from environmental groups that may have hired protesters to agitate against the 1,172-mile, four-state pipeline project.  "It's something we're looking at.  I can tell you I've had a number of conversations with legislators regarding this very issue," said Mr. Rauschenberger.  "[We're] looking at the entities that have potential paid contractors here on their behalf doing work."

N.J. property taxes hit another new high in 2016.  New Jersey's infamously high property tax bills topped $8,500 per home in 2016, a 2.35 percent increase over the previous year, according to figures released Wednesday by the Department of Community Affairs.  Property owners paid $8,549 — $196 more than they did in 2015 when the average tax bill rose about 2.2 percent, according to the analysis.  The average residential bill has risen from $8,161 in 2014 to $8,353 in 2015 to $8,549 in 2016.

The Scandals That Valerie Jarrett Overlooked.  At the time it [Obamacare] was enacted, the president argued vociferously that the financial consequence of not obtaining health insurance — the penalty for disobeying the law — was not a tax.  He made that argument because he had promised Democrats — many of whom lost their congressional seats for going along with his utopian experiment — that he would not raise taxes to accomplish his purposes.  When the statute was challenged in the federal courts and the various challenges were consolidated before the Supreme Court, the challengers did not dispute the claim that the penalty was not a tax. [...] Yet notwithstanding agreement among the parties before the Supreme Court and notwithstanding the absence of any evidence that the penalty was a tax, the Supreme Court made new law by declaring this non-tax to be a tax and then ruling that Congress can tax anything it wants — so Congress can force you to purchase a product you don't want by taxing you if you fail to make the purchase.

Soda tax still catches shoppers by surprise.  Philadelphians have known a new soda tax was coming since June, when Mayor Kenney signed into law a bill placing a 1.5-cent-per-ounce levy on sugary drinks, including diet beverages.  That tax, which is levied at the distributor level but was expected to be passed on to consumers, went into effect Sunday at the start of the new year.  As 2016 ended, outreach teams were making stops around the city to alert store owners about the new tax.  But despite those efforts and the months of contentious debate that preceded City Council's vote passing the tax, many consumers have still been surprised this week when they were charged higher prices for sweetened beverages.

Philadelphia Democrats Enact Sugary Drink Tax: $6 Case Of Cola Now Costs $9.  The world the Democrats want us living in is getting more and more expensive, with Philadelphia Democrats recently implementing their Sugary Drink Tax.

Forbes lays out case for the flat tax.  "It's time for another tax revolution," Steve Forbes says in his explanation of the flat-tax reform proposal outlined in his book Reviving America.  Prager U produced this five-minute primer on Forbes' decades-long effort to get rid of the current Byzantine tax codes and reduce both the corporate and individual income tax systems to one simple and universal calculation — 17%.  Not only would this force everyone except the poor to pay their fair share, it would relieve both the economy and politics of the burdens of crony capitalism and social engineering.

Incestuous county boards preside over rising Texas tax bills.  If your property taxes stink in Texas, they stink from the top down.  By state law, county appraisal districts (CADs) are tasked to do one thing: set the property values that raise revenue for local taxing agencies.  Headed by boards of directors, CADs are bureaucratically opaque, institutionally autonomous and fundamentally incestuous bodies with no effective public oversight.  County boards are composed of the elected local tax assessor-collector and a set of directors named by the very local government agencies that depend on tax proceeds from property appraisals.

$213,300,000,000: Individual Income Taxes Set Record in First 2 Months of FY17.  The federal government brought in a record of approximately $213,300,000,000 in individual income tax revenues through the first two months of fiscal 2017 (Oct. 1, 2016 through the end of November), according to the Monthly Treasury Statement released today [12/12/2016].  That is approximately 36 times the $5,966,000,000 the federal government brought in from customs duties imposed on foreign imports over the same two-month span.

Portland Raises Taxes on Companies Whose CEOs Earn 10 More Than Workers.  The city of Portland, Oregon, is imposing a surtax on companies whose CEOs earn more than 100 times the median pay of their lower-wage workers.  Companies will see a 10 percent increase on their tax rate if the CEO makes 100 times the average employee and a 25 percent increase if they make 250 times the average salary, The New York Times reported.  The new law, which passed 3-1 in the city council, is estimated to generate about $2.5 to $3.5 million per year, which will be used to address income inequality on a local level.

Who Pays What Taxes In The US.  Every presidential election brings with it a renewed debate on taxes:  should tax rates be increased or decreased (which in turn forces economists to break out their textbooks to brush up on their Laffer curve definitions)?  Traditionally, the question eventually boils down to one thing:  what should the tax treatment of the "rich" be:  should the wealthy pay more or less in taxes?  Why the particular focus on the rich?  The answer is simple:  while those American who declare $500,000 and above in income represent less than 1% of total tax returns, they account for a quarter of taxable income and — more importantly — are responsible for 37% of government revenues collected through individual income taxes.

Tax protest study stirs Lubbock Appraisal District.  Property owners protesting appraised values in Lubbock County are more likely to succeed when they represent themselves, according to an in-house analysis obtained by Watchdog.org.  Being represented by an agent doesn't help, and can hurt, according to Justin Carter, a former staffer and statistician at the Lubbock County Appraisal District.  "Taxpayers are far more likely to receive a break, and a larger break, if they represent themselves," he concluded in the internal report obtained by Watchdog through a third party.

Pasadena Planning to Introduce 9.4% 'Netflix Tax'.  The city council of Pasadena, California has come under fire recently after announcing a plan to implement 9.4% tax on video streaming services — a Netflix tax.  CBS reports that the tax, which was designed to generate revenue that had been lost due to the recent trend of people "cutting the cord" and cancelling cable TV services, was met with widespread disapproval from Pasadena residents.  The new law is based around a 2008 ruling that allowed the city council to tax cell phones as they taxed home landlines, this however set an unforeseen precedent that allows the city to apply a similar tax to digital streaming services.  As many as forty other California cities have a similar law.

Hillary Clinton's big ideas for tanking the US economy.  [#2] Hike taxes. [...] History proves raising tax rates is the least effective way for the government to raise revenue.  IRS statistics indicate that most of the people who fall into the top 2 percent of income are small-business owners — and they are America's major employers.  Tax them more, and they'll employ fewer.  In the 1980s when income-tax rates were slashed from 70 percent to 28 percent, the amount of tax revenues over the decade doubled, and the share of taxes paid by the rich increased.  All you have to do is look at the high-tax states like Connecticut, Illinois and New York and you can see the jobs and people fleeing.  Our highest-in-the-world business-income-tax rate has caused companies like Burger King and Johnson Controls to head to more tax-hospitable climes.  Hillary's plan may speed up this exodus.

The Sleeper Issue for 9 Million Americans that the Media Will Not Cover.  FATCA [the 2010 Foreign Account Tax Compliance Act] was initially conceived to combat offshore tax evasion and recoup tax revenues, requiring U.S. citizens, including those living abroad, to report all financial accounts held outside the country — an arguably reasonable purpose and measure.  But the Democrats took that simple, targeted goal and addressed it by trapping every American abroad in an insanely expensive regulatory dragnet of questionable legality. [...] In essence, FATCA coerces FFIs to become IRS lackeys, making them conduct wholesale warrantless seizures of Americans' private financial information on behalf of the IRS, without any reasonable suspicion or probable cause.

The 7 Ugliest Propositions on the California Ballot.  [For example,] Prop. 55 & Prop. 56 — Because we need taxes in California to be the highest in the nation, here are two massive tax increases placed right in front of you.  Both of these are in the vein of the expression, "Don't tax me, tax the guy behind the tree."  In 2012 voters passed higher income taxes on those making more than $250,000 a year — billed at the time as a needed "temporary" measure to fund state government reeling from the economic downturn.

Hillary Pushes for Highest Death Tax in the Developed World.  What many don't know is that the U.S. already has an extremely high death tax:  The 4th highest among OECD countries.  If Clinton succeeds in pushing the Death Tax up to a 65 percent rate this would place the United States squarely at the top of the list.  The Left always pushes the argument in favor of the estate tax is always about "the rich kids that never worked for their money are given an unfair start."  However, new research on the so-called 1 percenters shows that these "rich kids" are an extremely small part of an already extremely small group.  Most people in America that get rich don't inherit it at all but work for it their entire lives.

New union backed tax would hammer Oregonians..  Targeted at big businesses, Measure 97 would impose a new 2.5 percent tax on companies that gross over $25 million a year.  The trick is, the tax would not be on net profits but on gross revenues after the $25 million mark.  In other words, companies are not taxed on how much money they actually make after expenses but on how much money comes through the door. [...] Measure 97 is being sold as a way to fund education, but there is nothing in its text that would keep the Legislature from using the money for any old thing that it prefers.  Our Oregon, the group behind the measure, is union-funded.

Study: Clinton's tax hikes would kill 700,000 jobs.  Hillary Clinton's tax plan would raise hundreds of billions of dollars from the wealthy, but would hamstring economic growth and prevent the creation of nearly 700,000 jobs over the next decade, according to a new analysis released Wednesday [10/12/2016].  The Tax Foundation, a nonpartisan think tank in Washington, published a score of Clinton's plans for tax policy that found that it would would raise taxes by $1.4 trillion over the next 10 years, under a static analysis that assumes nothing else changes.  That revenue would come from new taxes on high earners, a higher tax rate on multi-million dollar incomes, and new estate taxes.  But because those tax hikes would decrease the incentives to work, invest, and save, the group found, the Democrat's tax proposals would slow economic growth.

Proposition 55 would extend "temporary" tax for 12 years.  When Gov. Jerry Brown and his allies urged voters to adopt a temporary income tax on the wealthiest Californians and a statewide sales tax on everyone four years ago, the deal was billed as a short-term salve for a state mired in debt and on the verge of insolvency.

The Editor says...
Remember this when the next "temporary" tax is proposed.

N.J. Legislature passes 23-cent gas tax hike, road funding plan.  New Jersey is poised to lose its claim to the second-lowest gas taxes in the nation.  The state Legislature on Friday passed legislation raising the tax on gasoline sold in New Jersey by 23 cents a gallon, the centerpiece of a controversial tax package that also includes $1.4 billion in tax cuts.  As part of the deal, lawmakers voted to give a tax break for people with pension and retirement income, low-income workers and veterans.  In addition, they voted to eliminate the estate tax over the next 15 months and roll back the sales tax slightly.

If Proposition 55 passes, the state budget will rely even more on California's highest earners.  If voters approve Proposition 55, the state will continue depending on [Paul] Taybi and other wealthy Californians to fund a significant portion of schools, parks, road repairs, police, prisons and many other government services.  Those paying the higher rates, which kick in for single and joint filers making more than $263,000 and $526,000 a year respectively, contributed almost $34 billion in income taxes in 2014, roughly a third of all state general fund revenue.  California's reliance on the wealthiest taxpayers means the state is especially vulnerable to their bottom lines.

Clintons "Dodged" Hundreds of Thousands in Taxes.  So while we're on the subject of calling using the tax laws smartly "tax dodging," as I've seen Donald Trump's legal deductions referred to repeatedly, let's duly note that the Clintons have done some massive legal tax avoidance themselves.  According to a June 2014 story in Bloomberg, Bill and Hillary Clinton dropped ownership of their expensive New York home into a "residence trust" in 2011, helping shield them from estate taxes that could gobble up 40 percent of their assets when they depart the earth.  The Clintons, of course, support the death tax as a way of bilking the one percent out of their capital.  In fact, Hillary wants to raise it to a confiscatory 65 percent.  But, as Bloomberg notes, that doesn't mean she wants to pay it.

Aborting the Trump Revolution.  In a famous 1947 dissent, Judge Learned Hand wrote:  "[T]here is nothing sinister in so arranging one's affairs as to keep taxes as low as possible. ... Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands:  taxes are enforced exactions, not voluntary contributions.  To demand more in the name of morals is mere cant."  This writer's father spent his career as a tax accountant who studied tax codes and utilized every permissible deduction to keep his clients' tax bills as low as legally possible.  That was his business, as it is the business of every accountant, including those who prepare the returns of the politicians and journalists piling on Trump as some sort of scofflaw tax cheat who has evaded his moral obligations to the state.

Bombshell Or Something:  Trump Might Possibly Could Have Avoided Paying Taxes For 18 Years.  [Scroll down]  If the part where he didn't pay taxes afterwards is true, then, so what?  He followed the laws.  Mr. Trump didn't pass the law.  Would you not follow the laws, take advantage of the laws?  Of course you would.  Democrats who constantly call for higher taxes, for everyone paying their "fair share," they themselves take advantage of all the "loopholes" [...] in the tax law to reduce their tax liability.  Virtually everyone takes advantage of the tax code to reduce their tax liability.  Nearly 45% will had a net zero federal tax liability in 2016, up from 42% in 2013.

Hillary's Red Army March of Tax-Hike Destruction.  [Scroll down]  Let me pull out my list of Clinton tax hikes:  a $350 billion income tax increase in the form of a 28-percent cap on itemized deductions (without lowering personal tax rates); a more-than $400 billion "fairness" tax hike in the form of a 4 percent "surcharge" on high-end earners; and the "Buffet rule," which would establish a 30-percent minimum tax on earners with adjusted gross incomes over $1 million.  Clinton also proposes increasing the estate tax rate to a range of 45 to 65 percent and reducing the exemption to $3.5 million.  Remember, estate taxes are already hit once by the income tax, and again by the capital-gains tax.  Here, Clinton would end the stepped-up capital gains tax basis and instead value the gain all the way back to the initial transaction.

The 100th Anniversary of the Income Tax, and the Lesson We Should Learn from that Mistake.  What's the worst thing about Delaware?  No, not Joe Biden.  He's just a harmless clown and the butt of some good jokes.  Instead, the so-called First State is actually the Worst State because 100 years ago, on this very day, Delaware made the personal income tax possible by ratifying the 16th Amendment.  Though, to be fair, I suppose the 35 states that already had ratified the Amendment were more despicable since they were even more anxious to enable this noxious levy (and Alabama was first in line, which is a further sign that Georgia deserved to win the Southeastern Conference Championship Game, but I digress).  Let's not get bogged down in details.  The purpose of this post is not to re-hash history, but to instead ask what lessons we can learn from the adoption of the income tax.

Taxpayers are fleeing New York in droves.  Taxpaying New Yorkers are leaving in droves for other states, according to a new study.  In 2014, 126,000 New York tax filers fled to other places in the United States — more than from any other state, according to the study posted on newgeography.com by two demographers.  The Empire State also lost the most "high earners," who reported incomes of more than $200,000 a year.

The Greediest People in America Are Liberal Democrats.  [Scroll down]  For one thing, since roughly 45% of Americans pay no income taxes at all, "the rest of us" didn't pay for roads, education, police forces or a military.  Of course, that doesn't even tell the whole story because 60% of American households receive more from the government than they pay in taxes.  In other words, if you pay more in taxes than you receive from the government, you are a MINORITY in America today.  As someone who's probably not going to be in the top 1% of income earners this year (The year's not over yet and I'm an optimist!), but who pays a lot more in taxes than I receive in government services, let me just note that I APPRECIATE those 1%ers who are paying nearly half of all federal income taxes.  Real world, if you add it all up, most of these people are paying somewhere around 50% of their net income in taxes.

Obama's Tax Collections Surpass $20,000,000,000,000; Still Runs Up Debt by $8,878,290,996,028.  With the additional $231,327,000,000 in taxes that the U.S. Treasury collected in August, according to the Monthly Treasury Statement released today, President Barack Obama has now presided over more than $20,000,000,000,000 in federal tax collections during the 91 full months he has served in the Oval Office.  From February 2009 through August 2016, the Treasury collected approximately $20,197,437,000,000 in tax revenues (in non-inflation-adjusted dollars), according to the Monthly Treasury Statements.

Government Collects $2.91 Trillion in Taxes in First 11 Months of FY 2016.  The federal government collected $2,910,151,000,000 in taxes in the first 11 months of fiscal year 2016 and still ran a deficit of $620,771,000,000 during this time, according to the latest monthly Treasury Department statement.  Treasury receipts included tax revenue from individual income taxes, corporate income taxes, social insurance and retirement taxes, unemployment insurance taxes, excise taxes, estate and gift taxes, customs duties, and other miscellaneous items.

This Is Not Your Government.  Paying taxes?  To what?  For what?  Simply to stay out of jail and for no other reason.  How on earth can the 16th Amendment be binding when the 4th has been obliterated by the Patriot Act?  How on earth can the 16th Amendment be binding when the 1st Amendment is under constant assault by political correctness?

Capitalism Works If Government Would Just Get Out of the Way!  [A]ccording to the Small Business Administration, small businesses represent 99% of all employer firms, employ half of all private sector employees, pay 45% of total U.S. private payroll, generate 80% of new jobs annually, create more than 50% of nonfarm private GDP, comprise 97% of all identified exporters, and produce 26% of the known export value to our GDP.  Yet every time new governmental regulation is imposed on businesses, the costs increase.  Whenever the government increases taxes on companies, the costs increase again.  In order to stay in business, they must pass those costs on to their customers, or find other ways to reduce costs like eliminating jobs.  That's why it makes no sense to tax companies since we all end up individually paying their taxes via increased prices for their products and services.

Uncle Sam goes for gold, too:  Up to $9,900 per Olympic gold medal.  Michael Phelps swims fast, but not fast enough to beat Uncle Sam, who awaits him at the finish line each time he wins a medal.  His total income tax bill for the 2016 Games?  Up to about $55,000 for his five golds and one silver.  Olympic athletes who bring home medals also bring home cash — $25,000 for gold, $15,000 for silver and $10,000 for bronze — paid for by the United States Olympic Committee.  Like any prize winner, from a jackpot hitter to a Nobel Prize recipient, the athletes are taxed because Olympic medals and cash bonuses are considered income, said Steven Gill, associate professor of accounting at San Diego State University.

Expert: Hillary Clinton 'Doesn't Get' Death Tax; It Hurts Regular People More than Billionaires.  Steve Moore, an advisor on Donald Trump's tax plan and a distinguished visiting fellow at The Heritage Foundation's Institute for Economic Freedom and Opportunity, laughed at Hillary Clinton's charge that Trump's plan to terminate the federal estate tax — also called the death tax — would save his family $4 billion dollars.  "She says we're going to get $4 billion from Donald Trump on the death tax?  No you're not, you're not going to get anywhere near that," he chuckled, dismissing the claim Clinton made while campaigning in Ohio on Wednesday [8/17/2016].  "The people who tend to get killed by the death tax are not people like Warren Buffett, Bill Gates, and Donald Trump — they have tax advisors."

60 percent of Americans pay less than zero income tax.
'The rich' don't just pay their 'fair share,' they pay almost everybody's share.  [Scroll down]  Some additional analysis and commentary will be provided here that reveal a yet-to-be discussed major implication of the CBO report almost the entire burden:  a) of all transfer payments made to American households and b) of all non-financed government spending, falls on just one group of Americans — the top one-fifth of US households by income.  That's correct, the CBO study shows that the bottom three income quintiles representing 60% of US households are "net recipients" (they receive more in transfer payments than they pay in federal taxes), the second-highest income quintile pays just slightly more in federal taxes ($14,800) than it receives in government transfer payments ($14,100), while the top 20% of American "net payer" households finance 100% of the transfer payments to the bottom 60%, as well as almost 100% of the tax revenue collected to run the federal government.

The Sneaky Way Obama Is Hiking Death Taxes.  President Barack Obama isn't afraid to enact his agenda over the will of Congress.  At this late stage in his presidency, he's still overreaching his authority to push through an agenda; his most recent overstep being an effort to unilaterally raise the federal estate tax.  Conservatives have successfully lessened the impact of the estate tax, colloquially known as the "death tax," in recent years.  In 2000, before George W. Bush became president, the death tax had a rate of 55 percent and struck families with assets valued at $675,000 or more.  Today, because of the 2001 and 2003 Bush tax cuts, the rate is down to 45 percent and only estates worth over $10 million face the tax.  This is a victory conservatives should be proud of.

Hillary Would Give Us a Disastrous Third Obama Term.  Democrats simply can't be honest about economic policy.  They have to demonize the wealthy to incite class warfare.  They must perpetuate and expand government dependency programs, which means creating incentives for people to remain out of the work force.  They must vilify the rich for not paying their fair share of taxes, despite the undeniable fact that upper-income earners pay far more taxes — actual and percentage — and that the lower half of income earners pay no income taxes at all.  How much "fairer" can it be for them?

Obama Has Collected $19,966,110,000,000 in Taxes; Incurred $8,795,689,333,049 in Debt.  During the 90 full months President Barack Obama has completed serving in the White House — February 2009 through July 2016 — the U.S. Treasury collected approximately $19,966,110,000,000 in tax revenues (in non-inflation-adjusted dollars), according to the Monthly Treasury Statements.  During those same 90 months, the federal debt rose from $10,632,005,246,736.97 to $19,427,694,579,786.64 — an increase of $8,795,689,333,049.67.

Fed Set to Unload Explosive Student Loan Rule That Will Dump Billions on Taxpayers.  Regulations are flying out the door in in Washington, where an already hyper-aggressive Obama administration is looking at its last chance to move its agenda forward while sidestepping Congress.  Many of the expensive rules in areas like energy, health care, and finance have drawn widespread public and media scrutiny — which makes it all the more curious that what is likely to be the single most expensive proposed regulation of the year, a Department of Education rule that would discharge billions in student loans, has gone almost completely unnoticed.

Poll: 9 in 10 African-Americans back Clinton.  Hillary Clinton boasts a resounding lead over Donald Trump with registered African-American voters nationwide, according to a new poll.  Clinton, the Democratic presidential nominee, leads Trump 91 percent to 1 percent in that demographic in the NBC News/Wall Street Journal survey released Thursday [8/4/2016].  She also enjoys an edge with women, earning 51 percent to the GOP's presidential nominee 35 percent.

Soaring Business Taxes Hurt America's Ability to Compete.  Countries around the world have made maintaining low corporate tax rates, as well as reducing rates, a priority in recent years.  Meanwhile, the United States has stood on the sidelines.  As a result, the U.S. now has the highest corporate tax rate in the developed world, exceeding the Organization for Economic Cooperation and Development average by nearly 15 percentage points.  By maintaining such a high corporate tax rate, the United States hinders its competitiveness in the global economy.

Report: Hillary Clinton would hike taxes by $1.3 trillion.  Hillary Clinton comes up $2.2 trillion short in paying for her policy agenda, despite hiking taxes by $1.3 trillion, according to a new analysis of the Democratic nominee's campaign platform.  The American Action Forum, a center-right policy institute, released a report Thursday [8/4/2016] finding Clinton's domestic agenda would "have a dramatic effect on the federal budget."  Gordon Gray, American Action Forum's director of fiscal policy, based the report on estimates of policy proposals from the Clinton campaign itself, as well as independent analyses from the Tax Policy Center and the Center for a Responsible Federal Budget.

Still a lot of haze around Chicago's cloud tax.  After a slow start, Chicago is lurching ahead in taxing the cloud.  Though thousands of companies could be affected, only about 200 took advantage of an amnesty program in which City Hall gave businesses the chance to pay the tax for last year and escape liability for previous years.  "Vendors and consumers continue to struggle to understand when, if and how to apply this tax," says David Blum, a partner in Akerman law firm's tax practice group.  "As a result of this confusion and uncertainty, some people are sitting on the sidelines to see how this plays out."  At least one company closed a small office in Chicago to avoid the tax.

Hillary Calls for $350 Billion Student Loan Tax Hike.  Another program, another tax hike.  Hillary Clinton today proposed a $350 billion tax increase as part of a "New College Compact" spending program.  The $350 billion tax hike over ten years comes in the form of a 28 percent cap on itemized deductions.  This creates a new Alternative Minimum Tax.

Chicago property tax bill double whammy:  Increases plus an assessment hike.  Anne McDermott had braced herself for a big increase in the property taxes on her Near South Side town home, but when she opened the bill last month, she was still taken aback.  She'd figured a boost of maybe $550 on the $4,214 she paid last year.  That's a jump of about 13 percent, the average increase on Chicago property tax bills for 2016.  But McDermott's bill went up by nearly $1,360 — more than 32 percent.  It was the result of being hit with a double whammy:  Not only were huge tax hikes by City Hall and Chicago Public Schools taking effect, but the taxman came as he does every three years and reassessed the value of McDermott's home.  And he concluded it was worth a whopping 31 percent more.

Full List of Hillary's Planned Tax Hikes.  [Scroll down]  Hillary's formally proposed $1 trillion net tax increase consists of the following:  [#1] Income Tax Increase — $350 Billion:  Clinton has proposed a $350 billion income tax hike in the form of a 28 percent cap on itemized deductions.  [#2] Business Tax Increase — $275 Billion:  Clinton has called for a tax hike of at least $275 billion through undefined business tax reform, as described in a Clinton campaign document.  [#3] "Fairness" Tax Increase — $400 Billion:  According to her published plan, Clinton has called for a tax increase of "between $400 and $500 billion" by "restoring basic fairness to our tax code."  These proposals include a "fair share surcharge," the taxing of carried interest capital gains as ordinary income, and a hike in the Death Tax.  But there are even more Clinton tax hike proposals not included in the tally above.  Her campaign has failed to release specific details for many of her proposals.  The true Clinton net tax hike figure is likely much higher than $1 trillion.

After tax bills hit Chicago mailboxes, some taxpayers hit roof.  Jines Martinez is going to have to dig deep to pay the tax bill that arrived at his Avondale home this week.  Martinez's bill shot up to $3,900 from $2,673, and his increase reflects a double-whammy that hit residents in many Chicago neighborhoods after all property in the city was reassessed last year for the first time since 2013, and the city passed a $588 million tax hike.

New Jersey Assembly OKs Christie-backed gas tax raise:  NBC 4 New York.  New Jersey's Assembly passed legislation early Tuesday [6/28/2016] to raise the state's gasoline tax by 23 cents per gallon and cut the sales tax from 7 percent to 6 percent.

House Republicans Aim to Reform Tax Code to Fit on a Postcard.  House Republicans, led by Speaker Paul Ryan (R., Wis.), have introduced their tax reform plan, which would simplify the tax code so it could fit on a postcard.  "For years, hard working American taxpayers have asked Washington for a tax code so simple and fair and understandable that it could fit on a postcard," said Rep. Kevin Brady (R., Texas) who chairs the House Ways and Means Committee.  "That is exactly what we propose."  The plan would lower taxes for Americans at every income level and would limit the number of tax brackets to three.  It would lower the corporate tax rate from the highest in the world to 20 percent, and would lower the top individual tax rate to 33 percent.  "This postcard form will simplify the number of tax brackets by more than half," Brady said.  "It will take less from taxpayers at every income level because Washington takes too much of your hard earned dollars."

The Editor says...
The Republicans have been talking about this for years, and it will never happen.  They aren't going to get rid of the IRS or the EPA or the Department of Education or the Department of Energy.  They can't even get rid of ethanol subsidies, windmill subsidies, PBS subsidies, or the National Endowment for the Arts.  You'll never send in your tax return on a post card.  It sounds good in a campaign speech but it will never happen.

Soda tax passes, Philadelphia becomes first big city in nation to enact one.  Looking to raise millions for a bold expansion of early childhood education, Philadelphia City Council on Thursday [6/16/2016] approved a 1.5-cent-per-ounce tax on sugar-sweetened and diet beverages, the first such tax imposed in a major U.S. city.  The 13-4 vote put to bed months of speculation and at-times-bitter negotiations, but also ensured that the national spotlight will stay turned on Philadelphia for months, if not years.  Critics quickly vowed a court challenge.

DNC Platform Witness:  Raising Taxes by 80% Won't Impact Economic Growth.  A witness appearing before the Democratic National Committee's Platform Committee on Thursday [6/9/2016] said that raising taxes by 80 percent would not impact economic growth.  Heather Boushey, the chief economist and executive director of the Washington Center for Equitable Growth, said that raising taxes to nearly twice the current level on some would not hurt America's economic growth according to a paper by a colleague of hers.  "And let me end this by noting Emmanuel Saez, one of the nation's foremost tax experts, is on my steering committee and he did a paper with a couple of his colleagues a few years ago, really documenting that we could, and get this, hold onto your seats, raise taxes at the top by upwards of 80 percent and not have any negative effect on economic growth," Boushey said.

Report: Obama's oil tax would mean huge tax hike for gasoline.  The Obama administration's proposed $10.25 tax on each barrel of crude oil produced in the United States would be one of the biggest tax increases on gasoline in history, a report released Thursday [6/9/2016] showed.  Alaska Republican Sen. Lisa Murkowski, chairwoman of the Senate Energy and Natural Resources Committee, released a Congressional Research Service report showing historical increases in the federal gasoline tax in an attempt to put the oil tax in perspective.  While the tax would be levied on oil companies, economists assume that oil companies would pass on the tax to consumers.  The tax could add between 20-25 cents per gallon, and the report shows that one-time increase would be the largest increase in the gas tax since it was passed in 1932.

Philadelphia set to pass 1.5 cent-per-ounce soda tax.  Philadelphia could soon become the first major U.S. city with a sugary drinks tax after a city council committee voted Wednesday [6/8/2016] to approve an amended version of a soda tax proposal that would set a 1.5 cent-per-ounce tax on sugary and diet drinks.

'Gigantic' corporate tax hike likely headed to Oregon voters.  A massive $2.8 billion annual corporate tax hike is likely headed to Oregon voters in November, a move that could create the most aggressive tax climate for big business of any state in the nation.

Obama administration proposes rules aimed at tax evasion.  New financial regulations would force companies to disclose more information about their owners, as part of a crackdown on tax evaders and money launderers, the Obama administration announced on Friday [5/6/2016].

The Insane Hidden Tax Burden Quietly Eating Up Your Paycheck.  If anything, we — the voters — are as much to blame for the muddied tax codes as are the nitwit politicians we elect.  But not all taxes feel Constitutional, and not all taxes are the result of our representative government — particularly the taxes paid in the form of regulatory costs.  Regulations increase the cost of everything — including the cost of our housing, clothing and food.  In fact, they even impact our wages.  What makes this form of tax so nefarious is that rarely do our elected representatives get to have a say in the matter; rather, America's regulatory state is overseen by an authoritarian administrative state, ruled by unelected bureaucrats.

Is Today — the Anniversary of the Income Tax — the Worst Day in American History?  The law signed that day [10/3/1913] by President Wilson, to be fair, wasn't that awful.  The top tax rate was only 7 percent, the tax form was only 2 pages, and the entire tax code was only 400 pages.  And a big chunk of the revenue actually was used to lower the tax burden on international trade (the basic tariff rate dropped form 40 percent to 25 percent).  But just as tiny acorns become large oak trees, small taxes become big taxes and simple tax codes become complex monstrosities.  And that's exactly what happened in the United States.  We now have a top tax rate of 39.6 percent, and it's actually much higher than that when you include the impact of other taxes, as well as the pervasive double taxation of saving and investment.  And the relatively simply tax law of 1913 has metastasized into 74,000 pages of Byzantine complexity.

Obama's Global Warming Plan is a 166% Tax for Poorest Families.  Carbon taxes are one of the biggest scams possible.  They're a massive wealth transfer and they take money out of the pockets of the working poor and shove into the greedy fat fists of Big Green and its legions of bankers, environmental consultants and parasite feeder fish.

The 100th Anniversary of the Income Tax, and the Lesson We Should Learn from that Mistake.  What I want people to notice is that we enjoyed a very tiny federal government for much of our nation's history.  Federal spending would jump during wars, but then it would quickly shrink back to a very modest level — averaging at most 3 percent of economic output.  So what's the lesson to learn from this data?  Well, you'll notice that the normal pattern of government shrinking back to its proper size after a war came to an end once the income tax was adopted.

Clinton Embraces Largest Soda Tax Ever Proposed In America — What Won't She Tax?  Yesterday [4/20/2016(?)] in Philadelphia, Hillary Clinton noted that she was "very supportive" of Mayor Jim Kenney's soda tax plan, the highest such tax proposed in the United States: [Video clip]  This new tax would make a 20-ounce bottle of soda 60 cents more expensive for distributors, who would obviously pass those costs on to consumers, forcing them to pay more for every bottle of Sprite and can of Coke they purchase.

Hillary's Soda Tax Endorsement Violates Middle Class Tax Pledge.  Clinton was speaking in Philadelphia on Wednesday [4/20/2016] when she said the following:  "I'm very supportive of the mayor's proposal to tax soda to get universal preschool for kids.  I mean, we need universal preschool, and if that's a way to do it, that's how we should do it.  Clinton used preschool as an excuse for her soda tax endorsement, and the threat to soda and pop drinkers nationwide is clear:  Clinton's official campaign plan calls for universal preschool for the entire country.

Fair Share? 45% Of Americans Pay Zero Income Taxes.  Democrats keep demanding that the rich pay their "fair share" of income taxes.  But they never say what fair is.  Probably because they know that the rich pay huge amounts while 45% of households pay nothing.

Obama Has Collected $18,764,164,000,000 in Taxes — $124,003 Per U.S. Job.  Over the course of the 86 full months that President Barack Obama has completed serving in the White House — from February 2009 through March 2016 — the U.S. Treasury has collected approximately $18,764,164,000,000 in tax revenues (in non-inflation-adjusted dollars), according to the Monthly Treasury Statements issued during that period.

Hillary promises a trillion dollars in new taxes if elected.  Not to be outdone by Bernie Sanders in promising free stuff to voters, Hillary Clinton is promising to raise taxes by an astounding trillion dollars a year.  Taking that kind money out of the economy and putting it into the hands of government bureaucrats will tank the economy.  But of course, with so many members of the voting pubic not paying income taxes, this may actually be an attractive proposition to them.

IRS Commissioner:  Flat Tax Would Be Simpler, Save Agency a Lot of Money.  IRS Commissioner John Koskinen told lawmakers on Wednesday [4/13/2016] that implementing a flat tax would be simpler than the current tax system and would save the agency a lot of money.  At a hearing of the House Small Business Committee, Koskinen urged lawmakers to approve President Obama's 2017 budget for the IRS, which increases funding for the agency.

Legal Plunder.  If you're employed, beware.  An alarming attitude is sweeping the nation that your paycheck is fair game to fix any social problem.  Left-wing legislators across the nation are mandating deductions from everyone's paycheck to fund paid family medical leave programs.  The programs are used mostly by women to stay home with their newborns.  Sounds warm and fuzzy, but looting your paycheck to fund it amounts to legal plunder.  The left is using the law to take what you've earned and give the money to someone else.

$1.48 Trillion: Government Collects Record-High Taxes in First Half of FY 2016.  Inflation-adjusted federal tax revenues hit a record $1.48 trillion for the first half of fiscal year 2016, but the federal government still ran a $461 billion deficit during that time, according to the latest monthly Treasury Department statement.  Treasury receipts include tax revenue from individual income taxes, corporate income taxes, social insurance and retirement taxes, unemployment insurance taxes, excise taxes, estate and gift taxes, customs duties, and other miscellaneous items.

Americans Spend More on Taxes Than Food, Clothing, Housing Combined.  This year Americans will collectively give more money to the government in taxes than they will spend on on food, clothing, and housing combined, a new report from the Tax Foundation reveals.  The report shows 31 percent of the nation's income will go to taxes — $3.3 trillion in federal taxes and $1.6 trillion in state and local taxes.

Tax Happy Vermont Becoming A State Where Only The Rich Can Afford To Live.  High taxes, heavy regulations and other policies that depress economic growth have made Bernie Sanders' home state of Vermont a difficult place to create jobs, earn a living and raise a family.  Underscoring this is the fact that Vermont saw a net outmigration of more than 5,000 residents over the last decade.  Now Gov. Peter Shumlin (D) and state lawmakers are looking to double down on their anti-growth policies with the state house's approval last week of another round of tax hikes of individuals, families and employers in the Green Mountain State.  The Vermont House of Representatives recently approved $48 million in higher taxes and fees.  Levies were raised on home heating oil, mutual funds, banks, drivers, and the Employer Health Assessment Tax on businesses who don't provide health insurance for employees was hiked.

The Editor says...
I challenge you to find "outmigration" in a dictionary — meaning a big heavy book that contains every valid English word.  The online dictionaries have it, but even there the word is hyphenated.

Obama asks Congress to close offshore tax loopholes exploited by U.S.  corporations.  A day after the U.S.  Treasury announced new rules to reign in the practice of American businesses seeking tax relief offshore, President Barack Obama on Tuesday [4/5/2016] asked Congress to shut that loophole for good.

The Editor says...
I don't suppose Obama has ever considered lowering taxes, so the corporations wouldn't go elsewhere.

Obama criticizes companies that leave U.S.  for lower taxes.  President Obama made a forceful case Tuesday [4/5/2016] for stopping corporations from moving their headquarters overseas to avoid U.S.  taxes, saying they are taking advantage of the American economic system and saddling the middle class with the bill.  These companies "effectively renounce their citizenship," Obama said at a White House news briefing.

The Editor says...
Very amusing.  I wonder if Obama really thinks companies have citizenship.

Unaffordable California — It Doesn't Have To Be This Way.  Here's a documented comparison of California taxes and economic climate with the rest of the states.  The news is bad, and getting worse. [...] CA has the highest state sales tax rate in the nation.  7.5% (does not include local sales taxes). [...] CA has the nation's 5th highest "gas pump" tax at 59.0 cents/gallon (January, 2016).  But add in the unique 10-12 cent CA "cap and trade" cost per gallon, and CA is #1 (about the same as Pennsylvania). [...] Average 2012 CA impact fee for single-family residence was $31,100, 90% higher than next worst state. [...] CA has now instituted the highest "cap and trade" tax in the nation — indeed, the ONLY such U.S.  tax.

Learning from New Jersey's Bad Tax Policy.  Just fifty years ago, New Jersey was like New Hampshire with no income tax and no sales tax.  It was a fast-growing and prosperous refuge for people escaping high tax burdens in New York and elsewhere.  But then a state sales tax was adopted in 1966, followed by the enactment of a state income tax in 1976.  Not surprisingly, politicians used those revenue sources to finance an orgy of new spending, to such an extent that New Jersey is now in last place in a ranking of state fiscal conditions.  And ever since new taxes were adopted, politicians have routinely and repeatedly increased the rates, diverting ever-greater amounts of money from the state's private sector.

Report: Sanders proposes $15T in tax increases, hitting most taxpayers.  Democratic presidential candidate Bernie Sanders has proposed $15.3 trillion in tax increases, according to a new report, and would raise rates on virtually everyone, including the politically all-important middle class.  Not surprisingly for a candidate who has made income inequality his central issue, Sanders's plan would wallop the rich, an analysis released Friday by the Tax Policy Center shows.  The top 0.1 percent would see their tax bills go up by more than $3 million, the report said, which would cut their after-tax incomes by almost half.

45% of Americans pay no federal income tax.  An estimated 45.3% of American households — roughly 77.5 million — will pay no federal individual income tax, according to data for the 2015 tax year from the Tax Policy Center, a nonpartisan Washington-based research group.  (Note that this does not necessarily mean they won't owe their states income tax.)  Roughly half pay no federal income tax because they have no taxable income, and the other roughly half get enough tax breaks to erase their tax liability, explains Roberton Williams, a senior fellow at the Tax Policy Center.

Obama's $65B 'tax on oil' is really on you.  This week, tucked in his budget, the president proposed a $65 billion a year tax that would raise the cost of gasoline by, on average, 25 cents for every gallon you buy.  You'll hear them call this a tax on oil.  But even the White House admits that this new tax would be passed directly on to hard-working families.  It gets worse.  Analysts say this tax would increase the cost of basic household goods.  Everything from heating oil to the food you buy at the grocery store.  The bottom line is this:  you would be taking home less, so that President Obama can spend more.

Congress Passes Law Permanently Banning Internet Taxes.  In a 75-20 vote Thursday [2/11/2016], the Senate agreed to place a permanent ban on state and local Internet taxes.  A provision in a larger bipartisan customs bill — the Trade Facilitation and Trade Enforcement Act — that would force states to phase out the tax by 2020.  Congress had passed a number of temporary bans since 1998, but this bill, which the White House confirmed will be signed into law, would bar the levy for good.

Why expat Americans are giving up their passports.  Reasons for giving up your US citizenship aren't officially listed, but one of the main reasons cited is Fatca — a 2012 law designed to target overseas accounts held by wealthy Americans.  The United States is one of only two countries in the world that has citizenship-based taxation (the other is Eritrea).  As a US citizen you must file a tax return, no matter where you live, and often pay US taxes on top of the tax you already pay in your country of residence — so-called double taxation.  This has been the case in the US since the Civil War in the 19th Century and until recently really only affected the rich.

It's Tax Refund Time for Illegal Aliens!  This year there is yet another tax break for illegals in the tax system.  Unlike citizen and green card workers who are not participating in Obamacare or another qualifying plan, who will be paying a penalty of up to $695 per adult (with a family limit of $2,085) for not joining the system, illegals without coverage pay no penalties.  None at all.

Breaking down Obama's new tax proposals.  Just how large Obama's tax hikes would be is a matter of debate.  Kevin Brady, the Republican chairman of the House tax-writing committee, pegged the number at $3.4 trillion over 10 years, equivalent to about an 8 percent increase in federal taxation over currently expected levels.

White House proposes first $4 trillion budget.  President Obama on Tuesday [2/9/2016] proposed the first $4 trillion federal budget in history.  In the last budget outline he will offer as president, Obama suggested adhering to the terms of the budget deal reached in December with congressional Republicans for fiscal year 2017, the last year he will be in office.  That would allow another $30 billion in spending in 2017, and Obama's budget clocks in at $4.147 trillion for that year.

And guess how they'll spend all that money.
70% Of Obama's Budget Is Writing Checks To Individuals.  What is the federal government's most important function these days?  Based on the Obama budget released today, it's not defense, or roads, or education, or the environment.  It's cutting checks.  Buried deep in the president's annual budget are a series of tables that few ever notice, but that are incredibly illuminating when it comes to understanding the size and scope of today's federal government.  The table shows how much money the federal government spends on what budget officials describe as "payments to individuals."  Obama's budget puts the figure for next year at a mind-boggling $2.9 trillion out of a $4.1 trillion budget.

Obama to seek $10-a-barrel oil tax.  President Obama plans to seek a $10-a-barrel oil tax to overhaul the nation's transportation system toward reducing carbon emissions.  In a statement from the White House Thursday [2/4/2016], the administration expressed plans to spend more than $300 billion over the next decade, expanding rail and mass transit networks, modernizing freight transportation and expanding research into self-driving cars.

The Editor says...
As usual, Mr. Obama is proposing to spend the taxpayers' money on projects that are not authorized by the Constitution. Railroads will expand and freight lines will modernize when the demand materializes and competition requires such improvements. The demand for self-driving cars will probably never be much more than about a hundred vehicles per year, and even so, the research and development for such products is not the proper role of government.  Moreover, the President does not have the authority to levy taxes.

Obama proposes carbon tax on oil.  The White House on Thursday [2/4/2016] announced its latest plan to address climate change by levying a $10 per-barrel tax on crude oil.  The Obama administration announced its plans while rolling out a comprehensive transportation strategy that will be the focus of the Department of Transportation's budget request to Congress when it is issued next week.  "For too long, bipartisan support for innovative and expansive transportation investment has not been accompanied by a long-term plan for paying for it," a White House fact sheet reads.  "We need a sustainable funding solution that takes into account the integrated, interdependent nature of our transportation system.

Obama to call for $10-per-barrel oil tax to fund clean transport.  President Obama will propose a $10 fee for every barrel of oil to be paid by oil companies in order to fund clean energy transport system, the White House announced Thursday [2/4/2016] — although Republicans were quick to declare the plan "dead on arrival" in Congress.  The fee would be phased in over five years and would provide $20 billion per year for traffic reduction, investment in transit systems and other modes of transport such as high-speed rail, the White House said.  It would also offer $10 billion to encourage investment in clean transport at the regional level.

The Editor says...
What is clean transport?  And what do you suppose the price of gas will do when Obama's $10/barrel tax is applied?

Obama to propose $10-a-barrel oil tax.  Obama aides told POLITICO that when he releases his final budget request next week, the president will propose more than $300 billion worth of investments over the next decade in mass transit, high-speed rail, self-driving cars, and other transportation approaches designed to reduce carbon emissions and congestion.  To pay for it all, Obama will call for a $10 "fee" on every barrel of oil, a surcharge that would be paid by oil companies but would presumably be passed along to consumers. [...] But by raising the specter of new taxes on fossil fuels, it could create a political quandary for Democrats.  The fee could add as much as 25 cents a gallon to the cost of gasoline, and even with petroleum prices at historic lows, the proposal could be particularly awkward for Hillary Clinton, who has embraced most of Obama's policies but has also vowed to oppose any tax hikes on families earning less than $250,000 a year.

Only 53 percent of Detroit working-age adults had a job in 2014.  Detroit sticks it to its residents with a 2.4 percent municipal income tax and businesses face a corporate income tax.  While my guess is that few entry-level workers get angry over the income tax, higher-paid managers probably do.

No health insurance? Californians face tax bite of up to $10,000 per family.  Sign up for health care coverage or pay the price.  That's the message from Covered California officials, who urged consumers Wednesday [1/13/2016] to sign up for Obamacare coverage by the Jan. 31 deadline or face stiff tax penalties.  This year, the penalties are hitting harder, ranging from a minimum of $700 for an individual to as much as $10,000 for a family of four, depending on income.  The average penalty in 2016 will be $969.  That's a 47 percent increase from last year, according to a recent analysis by the nonprofit Kaiser Family Foundation.

N.J. property taxes soared by $537M in 2015, report says.  New Jersey property taxes soared at their fastest rate in years in 2015, according to a new report by the Asbury Park Press, setting homeowners back an extra $537 million.  According to data compiled by the paper, the average taxpayer forked over $8,354 — $193 more than in 2014.  The 2.4 percent hike is the largest in four years, and the second straight year average tax rates have increased.  It also belies a 2 percent cap on increases implemented by legislators in 2010.

A New Year's Present for California Trial Lawyers.  As businesses and people flee from California to escape the notoriously inhospitable business environment and the high costs of living, the state's government is moving, based on dubious statistics, to enact another impossibly broad, costly regulation:  a "Fair Pay Act" requiring businesses to prove that "they pay both genders equally for 'substantially similar' work."

Taxes, not Terrorism, can get your Passport Revoked.  It is an interesting commentary on our priorities that the IRS now has the authority to revoke the passports of Americans who are in arrears by more than $50,000, but Americans travelling overseas to fight with ISIS can return safely home with passports in hand.  As USA Today notes, the new provision was included in the FAST Act highway transportation bill signed by President Obama on Dec. 4.

Chicago's Property Tax-and-Graft Scheme Revealed.  On October 28, the Chicago City Council passed the largest property-tax hike in modern city history by a vote of 36-14, approving Mayor Rahm Emanuel's 2016 budget proposal.  Taxpayers will have to fork over another $588 million property-tax hike to be phased in over the next four years.  Some businesses and taxpayers will simply flee, joining what now is best viewed as the "Great Illinois Exodus".  Someone always benefits from these tax-and-spend schemes.  Who is it?  The Illinois Policy Institute has the answer [...]

US House okays making internet tax exemptions permanent.  The US House of Representatives has approved a bill that will permanently bar states from collecting taxes on internet sales.  The House on Friday [12/11/2015] gave its approval for HR 644, a trade bill that has been amended to include a permanent renewal of the Internet Tax Freedom Act.  Part of the Trade Facilitation and Enforcement Act of 2015, the bill won the approval of the House by a vote of 156-158.  In passing the bill, the House also approved the renewal of the act that bars state and local governments from taxing internet access.  First passed in 1998, the Internet Tax Freedom Act has been renewed several times since.

Elizabeth Warren's Tax Warning.  Ms. Warren showed up at the National Press Club to pronounce that the idea that American companies are overtaxed is "not true."  In her prepared remarks she said the strategy of "giant corporations" is to "tell a story about high U.S. taxes, demand tax cuts from the U.S. Congress, and threaten to leave the U.S. for good if they don't get what they want.  I say it's time to call their bluff."  Call their bluff?  Their bluff has been called.  They've shown their cards.  And they've moved overseas.  So many U.S. companies have been moving out so quickly that last year Treasury Secretary Jack Lew didn't think he had time even to conduct a formal rule-making to stop them.

N.J. has worst business tax climate in U.S.: study.  New Jersey's high property and income taxes contribute to its standing as the nation's least attractive tax climate for businesses, according to a Washington tax policy group's annual ranking of the 50 states.  The Tax Foundation, a public policy group that has two former Republican lawmakers on its board of directors, considered five metrics, including corporate, individual income, sales, unemployment and property taxes to arrive at an overall rank.  New Jersey ranks dead last — a distinction the Garden State has had since at least 2013.

What Do Tax Cuts 'Cost'? Less Than Advertised.  A new Congressional Budget Office report takes a look at its own record of forecasting revenues.  Each year, the CBO produces a "baseline" for spending and tax revenues for the next fiscal year, based on current law.  Lawmakers use this baseline to measure the impact of tax cuts and spending cuts, or their opposites, on the budget.  So how accurate are the CBO's revenue forecasts?  In any given year, not very.  In fact, it was either too high or too low by an average of 5.2% from 1982 to 2014.  That works about to an average mistake of $108 billion in a given year, after adjusting for inflation.  Not surprisingly, the CBO missed all the recessions, and so its revenue forecasts in recession years were way higher than what the government actually took in.

The Selfish' 'Charity' of Liberals.  Liberals often attack conservatives for not being charitable and caring.  But studies show that conservatives give more of their own money to charities and that people who go to church give more than people who don't.  By the traditional definition, it's liberals who are lacking in charity.  The disconnect can be explained by this quote from a liberal on FaceBook:  ["]There is precious little difference between me giving charity directly, and the government taxing me a little more and using that.["]  Apparently liberals don't realize that increasing tax rates impact everyone, not just them.

At 10 million words, U.S. tax code is designed to confuse.  Since 1955, an average of 144,500 words have been added to the federal tax code each year.  That's according to a new report out from the Tax Foundation which finds that the tax code currently weighs in at a whopping 10 million words.  The tax watchdog found that the federal tax code is 2,412,000 words long and there are 7,655,000 words of federal tax regulations on the books.  In 1955, there were only a combined 1.4 million words in the nation's tax laws.  For context, the King James Bible contains 783,137 words.

What Democrats Mean by 'Paying Your Fair Share'.  [Scroll down]  [R]aising tax rates does not automatically mean raising tax revenues — and has often actually led to falling tax revenues.  A fantasy expressed in numbers is still a fantasy.  When the state of Maryland raised its tax rate on people with incomes of a million dollars a year or more, the number of such people living in Maryland fell from nearly 8,000 to fewer than 6,000.  Although it had been projected that the tax revenue collected from such people in Maryland would rise by $106 million, instead these revenues FELL by $257 million.  There was a similar reaction in Oregon and in Britain.  Rich people do not simply stand still to be sheared like sheep.  They can either send their money somewhere else or they can leave themselves.

Obamanomics: 77.5 Million Households Are Not Paying Federal Income Taxes.  Mitt Romney, the 2012 Republican presidential nominee, did irreparable damage to his campaign when he asserted that the 47 percent of Americans dependent on government who don't pay federal income taxes would back President Obama "no matter what."  A few years later, that estimate needs to be revised.  On Tuesday [10/6/2015], The Tax Policy Center, a joint effort by the Urban Institute and the Brookings Institution, said the number of households that don't pay federal income taxes fell to 45.3 percent.  But that figure is still roughly 5 percentage points higher than the center's 2013 estimate of 40.4 percent.

Cut Corporate Taxes And The Revenue Will Flow.  The nonpartisan Tax Foundation finds that because a lower tax rate would bring jobs and investment back to these shores, the added employment and activity would mean more revenues for Uncle Sam.  Foundation economists estimate that cutting the federal rate from 35% — the world's highest — to 20%-25% would maximize federal receipts.  In other words, says Scott Hodge, the foundation's president, "there's a Laffer Curve effect to the corporate tax" in which lower rates can lead to higher revenues.

$3,248,723,000,000: Federal Taxes Set Record in FY 2015; $21,833 Per Worker.  The federal government took in a record of approximately $3,248,723,000,000 in taxes in fiscal 2015 (which ended on Sept. 30), according to the Monthly Treasury Statement released today [10/15/2015].  That equaled approximately $21,833 for every person in the country who had either a full-time or part-time job in September.  It is also up about $212,927,100,000 in constant 2015 dollars from the $3,035,795,900,000 in revenue (in 2015 dollars) that the Treasury raked in during fiscal 2014.

A Leftist Lets It Slip: All Your Money Belongs To Government.  It's not a position expressed out loud by Democrats in America too often.  But for many on the political left, it's right there below the surface, ready to burble out, which is what appears to have happened recently in Great Britain, where the author of the Labor Party's economic policy spoke his covetous mind.  "I would suggest that we don't as such pay taxes," said Richard Murphy, the "chartered accountant" who is the "guru" behind Labor leader Jeremy Corbyn's economic plan.  "The funds that they represent are, I suggest, in fact the property of the state."  Murphy went on, claiming "there is no such thing as 'taxpayers' money':  It is the government's money to do what it will with in accordance with the mandate it has been given and for which it will have to account."

$2.88 Trillion: Gov't Collects Record-High Taxes in First 11 Months of FY 2015.  The federal government collected a record amount of taxes in the first 11 months of fiscal year 2015, exceeding $2.88 trillion in revenue, according to the latest monthly Treasury Department statement.  Despite the revenue, which is still a record amount when adjusted for inflation, the federal government ran a deficit of $529 billion.  Treasury receipts include tax revenue from individual income taxes, corporate income taxes, social insurance and retirement taxes, unemployment insurance taxes, excise taxes, estate and gift taxes, customs duties, and other miscellaneous items.  In the first 11 months of fiscal year 2015, the amount of taxes collected by the federal government outpaced the first 11 months of all previous fiscal years, even after adjusting for inflation.

An Open Letter To Jonah Goldberg — RE: The GOP and Donald Trump.  [Scroll down]  The "Bush Tax Cuts" removed tax liability from the bottom 20 to 40% of income earners completely.  Leaving the entirety of tax burden on the upper 60% wage earners.  Currently, thanks to those cuts, 49% of tax filers pay ZERO federal income tax.  But long term it's much worse.  The "Bush Tax Cuts" were, in essence, created to stop the post 9/11/01 recession — and they contained a "sunset provision" which ended ten years later specifically because the tax cuts were unsustainable.  The expiration of the lower margin tax cuts then became an argument in the election cycle of 2012.  And as usual, the GOP, McConnell and Boehner were insufferably inept during this process.

California governor's highway plan includes $65 driver fee.  More than two months after calling a special session to address California's transportation funding backlog, Gov. Jerry Brown has begun circulating a list of administration proposals on how to pay for it, including a $65 annual fee for drivers and increases in the diesel and gas taxes tied to inflation.

Rep. Ellison: 'Call It a Tax or Call it a Fee' — 'We Just Need to Raise It'.  Rep. Keith Ellison (D-Minn.) says it's time to raise the gas tax, "In my opinion, I, Keith Ellison, you know, me.  I think we just need to raise it."  Ellison made the comments while discussing federal transportation funding during an appearance on Minnesota Public Radio last week. [...] The federal gas tax is 18.4 cents a gallon.  It hasn't increased since 1993.  The last time it decreased was 1934.

The Tragic and Complete Collapse of Racial Relations.  Overregulating and overtaxing are fine for elites, who have enough money to either pay or find ways to avoid higher taxes.  They don't care much if their power, gas, or health costs go up — at least if they are led to believe that is the proper green atonement to pay for cooling the planet, putting a bait fish back into a delta, or shutting down a coal plant.

$2,446,920,000,000: Federal Taxes Set Record Through June; $16,451 Per U.S. Worker — Feds Still Run $313B Deficit.  Despite the record tax revenues of $2,446,920,000,000 in the first nine months of this fiscal year, the government spent $2,760,301,000,000 during those nine months, and, thus, ran up a deficit of $313,381,000,000 during the period.  According to the Bureau of Labor Statistics, total seasonally adjusted employment in the United States in June (including both full and part-time workers) was 148,739,000.  That means that the federal tax haul so far this fiscal year has equaled $16,451 for every person in the United States with a job.

It's Not If But When the Government Seizes Private Retirement Savings.  A little-noticed rule from the Department of Labor this week could affect millions of retirement investments.  On page 4 of the proposed regulation, DoL expresses the view that "seldom" can Americans "prudently manage retirement benefits on their own" and that they "generally cannot distinguish good investments from bad."  The government steps in and makes the cost of some of these investments too high for many.  The Competitive Enterprise Institute calls it "Obamacare for Your IRA."  It's a hidden tax scheme you can read about at Fox Business.  The point of mentioning it is that the government thinks you're stupid and they need to step in.

Red States Outperform Blue In Managing Taxpayer Money.  A new report from George Mason University's Mercatus Center ranks all 50 states based on 14 measures designed to determine whether states can pay their short-term bills and meet their long-term obligations — debt, pension liabilities and such.  The data go through 2013.  The best-run states have enough cash to pay [their] current bills, enough revenue coming in to meet its fiscal year needs, a cushion for economic shocks, and management long-term liabilities.  The worst states, in contrast, have "tens, if not hundreds, of billions of dollars in unfunded liabilities — constituting a significant risk to taxpayers in both the short and the long term."

As Left Celebrates, Right Preps For All-Out Anti-Religious Assault.  As the left celebrates in wild Dionysian fashion the moral absolution of godking Justice Anthony Kennedy for homosexuality and same-sex marriage, conservatives prepare for the next round of assaults on their religious freedom.  Back in June 2013, I predicted in this space that the IRS could change its regulations to "remove non-profit status for churches across the country."  I based my logic on the 1983 Bob Jones University case in which the IRS unilaterally removed non-profit status from that institution based on its policies against interracial dating.  Already, the triumphal radical left has called for such activity; [...]

IRS confirms illegals can get back-taxes under Obama amnesty.  IRS Commissioner John Koskinen has confirmed to Congress that illegal immigrants granted amnesty under President Obama's new programs could claim back refunds even when they never filed returns to pay their taxes in the first place.  Sen. Chuck Grassley, who had pressed Mr. Koskinen over the issue, released written responses Wednesday [6/3/2015] in which the commissioner admitted he'd botched the question earlier and, in fact, illegal immigrants granted the amnesty will now be able to claim refunds on tax returns they never even filed, thanks to the Earned Income Tax Credit.

The Income Taxes of the Bottom Half.  In 2014, an unmarried American with a total income of $10,155 under age 25 and eligible only for the "standard deduction" would have had a taxable income of $5, and thereby owed the federal government the grand total of $1. [...] But there are some earners who contribute less than nothing in income taxes; they get money from the IRS just for filing a tax return.  Such earners might use the earned income tax credit.  The use of refundable tax credits, like the EITC, has become so widespread that for years the bottom 40 percent of income tax filers has "paid" a negative income tax.

From the 'rain tax' to the 'flush tax': 40 times Martin OMalley raised taxes.  Maryland was hit by 40 tax hikes costing $9.5 billion during [Gov. Martin] O'Malley's eight years in office, from 2007-14. Tax-weary Marylanders made Republican Larry Hogan governor in 2014, bucking O'Malley's lieutenant governor, Anthony Brown, who was the Democratic candidate.  Less-patient Marylanders voted with their feet and simply fled the state:  Almost 72,000 people left Maryland from mid-2007 to mid-2014, according to Census Bureau data.

Puerto Rican legislators narrowly approve raising sales tax to highest level in U.S..  Gov. Alejandro Garc'a Padilla is expected to sign the bill that would increase the tax from 7 percent to 11.5 percent, as well as create a new 4 percent tax on professional services.

Rep. Johnson on Taxes: 'We Don't Have Enough'.  Rep. Hank Johnson (D-Ga.) says when it comes to taxes, "we don't have enough to do what the government — and do what the country needs the government to do and that's the problem."

Feds set tax haul record: $472B in one month.  The federal government set a record tax haul in April, taking in nearly a half-trillion dollars in one month alone, according to Congressional Budget Office statistics released Thursday [5/7/2015].  April is always a busy month with the tax deadline on April 15, but this year's haul was historic, totaling $472 billion, far outstripping the previous monthly record, set last April, of $414 billion.  Spending, meanwhile, was a more modest $317 billion, leaving the government with a surplus for that one month of $155 billion — also a record.

Remember the Flat Tax?  Almost exactly 20 years ago, a gawky conservative renegade magazine publisher named Steve Forbes threw his hat in the ring for the 1996 GOP presidential nomination.  Forbes's run was first seen as a joke.  But he wound up rocking the Republican establishment by injecting fresh and bold reform ideas into a party that had become crusty and tired.  Term limits.  Medical savings accounts.  Tax limitation.  Personal savings accounts for Social Security.  And the issue that electrified conservatives across the country:  Blow up the tax system and install a low-rate flat tax.

100 Years of the Income Tax.  Courtesy of Americans for Tax Reform comes this visceral evidence of government's endless growth; in good times and bad it grows.  It never shrinks.  Like a bad rash.  Or a tumor.

Why the 'death tax' deserves to die.  Congress will vote on whether to repeal the death tax on Thursday [4/16/2015].  There are lots of persuasive reasons to kill this odious tax.  The money in a person's estate has already been taxed over the lifetime that it was earned.  The tax breaks up family-owned businesses.  It reduces capital investment and lifetime savings.  It encourages people with wealth to avoid leaving up to half their financial legacy to the IRS (including state estate taxes) and instead die broke.  All of these things make future generations of Americans worse off.

$1,477,901,000,000+:Tax-Day Tax Record.  The federal government has set an all-time record for the amount of inflation-adjusted tax revenue brought into the federal Treasury from the beginning of the fiscal year through the April 15 tax-filing deadline.  As of the close of business on April 14, the Treasury had brought in a record $1,477,901,000,000 since fiscal 2015 started on Oct. 1, 2014, according the Daily Treasury Statement released this afternoon [4/15/2015].

Taxes destroy, entrap and squeeze Americans.  To appreciate the dangers and dysfunction of today's tax code, we must understand how it functions not only as a destroyer, but as an arbiter of opportunity, propping up those at the top of the economy, holding down those at the bottom, and squeezing everyone else in between.

Here's Why 'Tax Freedom Day' Comes Later Every Year.  Forget about April 15 entirely.  Instead, try calculating how long it takes you to earn enough money to pay your total tax bill for the year.  The experts at the Tax Foundation did just that.  They found that Americans don't earn enough money to pay the nation's tax burden until April 24 — 114 days into the year.  This date has been dubbed "Tax Freedom Day," but there's nothing to celebrate.

Get Ready for $11 Billion in 'Net Neutrality' Taxes.  Not long after FCC chairman Tom Wheeler swore that the FCC takeover of the Internet wouldn't result in new taxes or fees, it appears likely that new taxes will show up on Internet bills in the near future.

The redistribution racket.  In recent years, though, blue states such as California, Illinois, Delaware, Connecticut, Hawaii, Maryland and Minnesota adopted this very strategy, and they raised taxes on their wealthy residents.  How did it work out?  Almost all of these states lag behind the national average in growth of jobs and incomes.  So, if income redistribution policies are the solution to shrinking the gap between rich and poor, why do they fail so miserably in the states?

Obama Wages War On Philanthropy In Bid To Expand Government.  The White House has pushed for a reduction in the value of the charitable deduction (from 39 to 28 cents on the dollar) — a change that could reduce charitable giving by up to $9 billion.  The implicit assumption: that government can spend that money more effectively.

IRS: Abortions are Eligible for a Tax Deduction, Stillborn Babies are Not.  Did you know that abortions are apparently eligible for a tax deduction?  That appears to be true, so says the IRS.  So what does the IRS say about deducting the cost of killing your child?  "You can include in medical expenses the amount you pay for a legal abortion," it says.

Apparently, DC Insiders Can Legally Avoid Paying Taxes.  You learn something new every day:  did you know that government insiders can receive "certificates of divestiture" that allow them to "indefinitely defer" paying taxes on proceeds from stock sales?

Most Americans Hate The Tax Code, But For The Wrong Reason.  The real problem with the tax code isn't "fairness."  It's the monstrous complexity that costs the country a staggering amount of time and money.  The IRS estimates that Americans spend more than 6 billion hours filing returns. And some put the compliance costs at $300 billion.  More than half of Americans must pay someone to figure out their income taxes — even those earning less than $20,000 a year, according to the Government Accountability Office.  More than four in 10 pay someone to file the laughably named 1040EZ.

GOP warns Obama not to try executive-fiat tax hikes.  Congress's two top tax chairmen warned President Obama on Wednesday [3/18/2015] not to claim unilateral executive powers to raise taxes on his own, saying it violates the Constitution and ruins chances for a lasting deal.  Rep. Paul Ryan, chairman of the House Ways and Means Committee, and Sen. Orrin G. Hatch, chairman of the Senate Finance Committee, said they were troubled by White House's announcement earlier this month that Mr. Obama is "very interested" in exploring what options he has to raise taxes without going through Congress.

New Republic Writer: The Word 'Taxpayer' Tilts In Favor of Conservatives and Should Be Eliminated.  You don't have to be Frank Luntz or George Lakoff to know that linguistic framing matters a great deal in politics.  Sometimes, however, nuance is in the eye of the beholder.  The New Republic's Elizabeth Stoker Bruenig, for example, considers "taxpayer" an ideologically weighted term.

FCC Chairman Concedes Future Internet Tax Is Possible After All.  Federal Communications Commission (FCC) Chairman Tom Wheeler acknowledged in congressional testimony today that an Internet tax — which he had previously said would not be imposed — could be imposed in the future.  Wheeler's remarks came during a Tuesday [3/17/2015] appearance before the House Oversight and Government Reform Committee, where he was asked to shed light on the process by which the FCC passed rules last month regulating the Internet.

Hillarynomics: Bill's third term or Barack's?  Like President Obama, Clinton may seek middle-class tax cuts and pay for them through higher taxes on the rich.  Would those tax hikes come through higher rates or scaling back tax breaks?  Obama has done both.  Would Clinton want to take the top statutory income tax rate above the current 39.6%, the top rate during hubby Bill's administration?

FCC Minority Report Warns That New Internet Tax May Be Coming Soon.  The Federal Communication Commission's (FCC) two Republican members warned Americans that a new "Internet tax" may be only months away in their dissent on the FCC's net neutrality decision, which was publicly released Thursday [3/12/2015].  "Net neutrality proponents are already bragging that it will turn the FCC into the 'Department of the Internet,' Republican Commissioner Ajit Pai wrote in an exhaustive 63-page dissent that lamented the FCC's ruling for reasons ranging from higher taxes and fees to the plan's questionable legality.

Internet sales tax bill re-introduced in Senate.  A bipartisan group of senators reintroduced legislation Tuesday [3/10/2015] to apply sales taxes to all Internet purchases, long a goal of state and local governments as well as traditional "bricks and mortar" retailers.  The legislation would require online merchants to collect and remit sales taxes to the local authorities where the purchaser lives.

Obama to Adopt the Power for Taxation for Himself.  Maybe Obama thinks we're still operating under the Articles of Confederation!  The Articles of Confederation did not grant Congress the power to tax.  Someone needs to let Obama know right away that a constitution has been adopted.  Obama, in response to a letter from Sen. Bernie Sanders (Socialist-Vt.), which I'm sure the White House had nothing to do with, is considering curbing tax breaks that could net the government $100 billion over ten years.

Warren Buffett To Al Sharpton, The 1% Makes 19% Of All Income, Pays 49% Of All Taxes.  There is still considerable discussion about the 1% and whether they take more than they contribute to society.  Yet Congress's Joint Tax Committee says the top 1% pays 49% of all income taxes.  That says a lot, yet many believe it should be more.  Some of the 1% even think so.  The best example is Warren Buffett, who has noted that his secretary pays a higher tax rate than he does.

Obama is Looking into Raising Taxes by Executive Order.  We already knew that President Obama was happy to continue waging war in Libya even after his lawyers told him he needed Congressional approval.  We already knew that he was willing to alter and delay major portions of Obamacare, regardless of the statutory language.  And we already knew that he was eager to indefinitely suspend deportations for millions of illegal immigrant adults — and proactively give them legal work papers, making them eligible for billions in tax credits — despite years of explicitly arguing that he didn't have the authority to do so.

Good news from Josh Earnest: Obama's "very interested" in using executive action to raise new tax revenue.  Look at it from O's perspective:  If you're going to steal lawmaking power from Congress on an important issue like immigration, why wouldn't you also steal power on an issue like taxes that's at the very core of the liberal agenda?  Not only have Republicans in Congress failed to stop his earlier power grabs, they've actively humiliated themselves in trying.  It's pure win for the White House.

Now Obama Claiming He'll Raise Taxes By Executive Order.  President Obama really does think he is a king or an emperor of some type.  Now he claims that he is going to use executive orders to raise taxes on us all.  This arrogant prince thinks he can do anything he wants just by his say-so.  No act of Congress needed.

Here's why raising taxes on the rich won't work.  [T]he idea that the rich aren't paying any taxes is based on misinformation fed to voters.  Politicians and the media have consistently told voters that the wealthiest among us — Bill Gates, Mark Zuckerberg, Tom Brady, Taylor Swift — are paying very little income tax compared to the rest of us.  We are told by no less than Barack Obama that these millionaires and billionaires have all the money, but they don't bear much, if any, of the burden to pay for the schools, the roads, the police, the welfare benefits and the rest of the tasks of government.  Mr. Obama wants to raise the top 1 percent's income tax payments to level the playing field and enhance tax "fairness."

Alabama Gov. Bentley Breaks "No New Taxes" Promise, Pushes for Higher Taxes.  Governor Robert Bentley has made it clear that he intends to break his WRITTEN pledge to voters to oppose and veto "any and all efforts to increase taxes."  Shortly after his re-election this past November, Gov. Bentley began making a push to increase taxes.

IRS Confirms Illegal Immigrants Entitled to Back Tax Refunds Under Executive Amnesty.  This won't just be the case moving forward; the newly quasi-legalized-by-fiat immigrants also be able to claim retroactive refunds for up to three years — even if they didn't file or pay taxes at the time.

$56B: EITC Payouts Hit Record.  The "refundable portion" of Earned Income Tax Credit (EITC) payments hit a record $56,189,578,000 in 2012, the latest year for which the Internal Revenue Service has made data available.  A total of $64,128,627,000 in Earned Income Tax Credits was claimed in 2012.  Of that, $56,189,578,000 was the "refundable portion" — paid out if the Treasury in excess of the net taxes the recipient owed.  That means that only $7,939,049,000 — or 12.4 percent — of the total Earned Income Tax Credit amount in 2012 was used for a tax reduction.

Only Dems skate on tax raps.  I never asked Jim Kerasiotes about his political affiliations, but now it's clear that whatever he is, the former Big Dig boss is NOT a Democrat.  We know this because Thursday [2/5/2015] he was sentenced to six months in prison for failing to pay the IRS $31,448 in back taxes.  Thirty-one grand and you go to Club Fed — are you kidding me?  At last count the Rev. Al Sharpton owed $4.5 million in back taxes, and he goes to the White House.

'Amnesty Bonuses' in Tax Code: Illegal Immigrants to Receive Earned Income Tax Credit.  A recent Homeland Security Committee hearing on immigration revealed an alarming consequence of President Obama's executive amnesty — that illegal immigrants with deferred status may be able to receive the Earned Income Tax Credit (EITC).  Moreover, this person, who is here in the U.S. unlawfully, could be able to file an amended tax return for up to the last three tax years, possibly receiving upwards of $24,000 in tax credits.

Obama Budget Creates Second Death Tax.  The Obama budget calls for a stealth increase in the death tax rate from 40% to nearly 60%.  Here's how it works:  Under current law, when you inherit an asset your basis in the asset is the higher of the fair market value at the time of death or the decedent's original basis.  Almost always, the fair market value is higher.  Under the Obama proposal, when you inherit an asset your basis will simply be the decedent's original basis.

Obama's Budget: Tax grandma to fund the AFL-CIO?  Posturing as champion of needed public investments and fairness, President Obama wants new taxes on the overseas earnings of American businesses.  That would kill jobs and punish retired Americans.  Although special deals permit some corporations to pay low taxes, most pay a heavy burden.  The estimated effective U.S. corporate tax rate is about 27 percent, and well above the 20 percent imposed by other industrialized countries.

N.J. property taxes top $8,000 per home after rising 2.2 percent last year.  New Jersey's sky-high property taxes rose to new heights last year, from an average $7,988 in 2013 to $8,161 in 2014, according to data from the Department of Community Affairs.  The nearly 2.2 percent increase breaks down to an extra $173 for the average property taxpayer, on top of what were already the highest property taxes in the country.

Obama Wants to Hike Corporate Taxes to Pay For Infrastructure.  It is fitting that President Obama released his 2016 budget on Groundhog's Day.  Like Bill Murray's character Phil Connors in the famous movie, Obama is stuck in an endless loop where he keeps pushing economically destructive tax hikes that have little chance of becoming law.  This is the seventh budget he has released, and each of them had trillions of dollars of tax hikes that would needlessly increase the tax burden on American families and increase the already bloated size of the federal government.

Obama: 'We can afford' $74B spending increase.  In his weekly address, Mr. Obama made the case that the federal government has the money to invest in infrastructure, education and other priorities because of shrinking deficits, though he also is calling for tax hikes on the wealthy to fund his desired $74 billion increase in spending.  His budget also would undo the automatic cuts known as sequestration, paving the way for even higher spending down the road.

Inheriting Grandma's House Comes With Tax Under Obama Plan.  President Barack Obama is proposing a fundamental change in tax policy that would limit what many Americans can leave to their heirs.  The change would affect billionaires — as well as people who aren't wealthy enough to pay estate taxes, if their assets have gained sharply enough in value.  A family home or a stock portfolio that quadrupled in value to $1 million over the years and goes to a child could be subject to taxes on that gain, whether or not it's sold.  Though it's likely to go nowhere in the Republican-led Congress, the plan lays down a marker for future Democratic tax policy.

Uncle Sam Is Coming After Your Savings.  [Scroll down]  The top tax rate on people who make more than $413,000 ($464,000 for married couples) is already almost 40 percent.  That's on top of Medicare taxes (2.9 percent, not capped), Social Security taxes, state and local taxes (in a deep blue area like New York City, these can amount to 10 percent, though you get some of that back by deducting state taxes from your federal tax) — a marginal tax rate of around 45 to 50 percent in blue states, and possibly even more if you run a business.

The First Family's 529 Windfall.  [Scroll down]  But the President's plan would only apply the new taxes to withdrawn earnings on money contributed to these accounts in the future.  All past contributions to 529 plans would continue to grow and then be withdrawn tax-free to pay for school.  This is no doubt a relief to families that have already managed to save significant sums.  And it happens to fit nicely in the financial plan implemented by the residents of 1600 Pennsylvania Avenue, a household of two parents and two daughters.

The rich pay more than their fair share.  Since he first appeared on the national stage, Barack Obama has been claiming that the "rich" don't pay their "fair share" of taxes.  But to the contrary, the "rich" pay far more than their "fair share," which official IRS and CBO data have shown for years, reconfirmed in new, recent reports.  The latest CBO report shows that the top 20% of income earners pay 70% of all federal taxes, while earning just over 50% of before tax income.  The top 1% pay 24% of all federal taxes, while earning only 14.6% of before tax income.

Obama's State of the Union will call for hundreds of billions in new taxes.  President Obama will use his state of the union address Tuesday to call for hundreds of billions of dollars in tax hikes in order to pay for programs targeting students, the middle class and retirees, the White House announced Saturday [1/17/2015].  The president will propose financing his planned middle class tax cuts with tax hikes targeted at the "1 percent," as well as a new tax on big banks.  The plan would raise over $300 billion over 10 years altogether.  The bulk of that revenue would come through tax increases targeted at the investment income of high income earners and bequests by wealthy Americans.

Obama's State of the Union speech to include $320B tax hike proposal.  Escalating his battle with congressional Republicans, President Obama will propose $320 billion in higher taxes in his State of the Union address, mostly by raising the rate on capital gains and closing tax loopholes for wealthier families, senior administration officials said Saturday [1/17/2015].  Mr. Obama also will call on lawmakers to impose a new fee on big banks with more than $50 billion in assets to discourage risky financial investments, a holdover from the Wall Street crisis that is sure to appeal to the president's liberal base.

Obama declares war on the middle class.  In his upcoming state of the union address Barack Obama will propose approximately $320 billion in new taxes.  He's packaging this as a "Robin Hood*" effort:  "By ensuring those at the top pay their fair share in taxes, the president's plan responsibly pays for investments we need to help middle-class families," the administration says in a summary.  It faces long odds in the Republican-controlled Congress, where lawmakers have bitterly complained about a string of recent tax increases on the wealthy.  Ostensibly, by ripping off some taxpayers he will be able to give more people free stuff.  This is simply cynical class warfare of several different levels.

Obama: Let's tax college savings plans.  In a tax code littered with carve outs, write offs, deductions, and other tomfoolery, damned little of that goes to the middle-class, which I'll define broadly as anyone who works for a wage and does not receive food stamps, EITC, or other such means tested benefits.  One of the few good things available to the middle class are the 529 plans.  These are essentially tax exempt.  Though your contributions are made from after tax income, the contribution is not taxable when it is withdrawn for educational use.

Obama proposes tax hikes on wealthy to pay for $447B jobs bill.  The White House said Monday that President Obama wants to pay for his $447 billion jobs bill by raising taxes on the wealthy and businesses.  Jack Lew, director of the Office of Management and Budget (OMB), said the tax hikes would pay for Obama's entire bill, which the administration is sending to Congress Monday evening [1/19/2015].

End of an Error.  Obama also wants to raise the capital gains tax to 28 percent, so the total tax take might be as high as 56.8 percent.  But many capital assets, such as real estate and shares in a company founded by the decedent, are held for decades and the capital gains and estates taxes are not indexed for inflation.  So much of the value taxed away would be illusory, a tax on phantom gains.  An investment worth $1 million in 1970 would have to be worth $6.1 million today for there to be any real gain at all.

Obama plans to increase taxes on couples making more than $500,000 to 28 percent to 'help middle class'.  President Barack Obama is seeking an increase in taxes on the wealthiest Americans by raising the capital gains rate and eliminating a tax break on inheritances, then using the revenue to fund new tax credits and other cost-saving measures for the middle class.  The president's proposals are to be announced during Tuesday's State of the Union address.  They are likely to be cheered by liberal Democrats and considered non-starters with the new Republican majority on Capitol Hill.

Chris Van Hollen, House Democrats push tax increases, wealth redistribution.  House Democrats, fresh off massive election losses, say the problem is they didn't make a bold enough case for tax increases and wealth transfer to the poor.  They rectified that Monday with a speech by Rep. Chris Van Hollen proposing tax increases on the wealthy with the money going straight to tax cuts for the poor and middle class.  The plan uses tax laws to encourage employee wage increases, reduce tax breaks for Wall Street and slap another fee on financial transactions.  The government would dole out $1,000 tax credits for most workers and increase a slew of other tax credits for poor and middle-class families.

Report: 1 million corporations closed, 60,000 a year; taxes blamed.  America has lost 1 million corporations since their height during the Reagan era, in part driven out of business by the industrialized world's highest corporate tax rate, according to a new report from the nonpartisan Tax Foundation.  The just-issued research revealed that the number of traditional "C" corporations has fall to a "historically low level" and wiped out the corporate tax base, resulting in the federal government relying much more on individual income taxes to fund its operation.

$404,155,000,000: Taxes Set Record in First 2 Months of FY15 — Deficit Still $179B.  The U.S. Treasury continued to rake in tax dollars at a record rate in November as the federal government closed out the first two months of fiscal 2015 with $404,155,000,000 in total receipts, according to the Monthly Treasury Statement released today [12/10/2014].  In constant 2014 dollars, this is the first time federal revenues have topped $400 billion in the first two months of the fiscal year.  Even with these record revenues, the Treasury ran a deficit of $178.531 billion deficit in October and November as it spent $582.686 billion.

Internet Sales Tax Likely Dying in Lame Duck Session.  Despite protests from trade groups and some state governors, U.S. House of Representatives Speaker John Boehner (R-OH) continues to remain resolute in his refusal to allow the Marketplace Fairness Act (MFA) to receive a hearing on the House floor.  Currently, online retailers are not required to collect sales taxes on purchases made from states in which they are not physically located.  MFA would require retailers to remit tax revenue to states and other tax jurisdictions, regardless of the location of their physical centers of operation.

Prisoners file $1 billion in bogus tax returns.  Inmates and their accomplices filed $1 billion in fraudulent tax returns in 2012, a six-fold increase from 2007, according to a report released Tuesday [11/25/2014] by the Internal Revenue Service's auditor.  The audit by the Treasury Inspector General for Tax Administration discovered the IRS has yet to comply with previous recommendations to shore up fraudulent activities so costly to taxpayers.

Most Legalized Illegals Will Have No Net Income-Tax Liabilities.  President Obama says that his executive order will ensure that currently illegal immigrants will have to "pay their fair share of taxes." But [...] a 2006 analysis by the Century Foundation, a progressive think tank, concludes that "we can be virtually certain that illegal immigrants earned less than $24,000 per year, on average, probably much less."  That amounts to around $29,000 in 2014 dollars, well below the threshold where an American has a net income-tax liability.

Obama's deceitful claim illegals will 'pay their fair share'.  The problem with this rhetoric is that very few illegal immigrants make enough money to actually pay taxes.  Instead, their "fair share" will amount to a substantial gift from American citizen and legal immigrant taxpayers who have played by the rules. [...] Not only will they not pay income taxes, many are likely to get a check from the IRS, thanks to the Orwellian-named Earned Income Tax Credit, which send a gift from taxpayers to low income families.

Should Republicans Embrace The Obama Non-Enforcement Doctrine?  [Scroll down]  For example, a Republican could adopt the Obama Non-Enforcement Doctrine with regard to corporate income taxes by directing the IRS to cease all efforts to enforce those portions of the Internal Revenue Code relating to income taxes payable by corporations.  This would be great public policy.  My law school tax professor once remarked that there is no intellectually respectable argument for the corporate income tax, other than the fact that it employs an army of lawyers and accountants.  Repealing, in effect, the corporate income tax would give the economy an enormous shot in the arm.  Or, if a Republican president didn't want to go that far, he could stop enforcing those provisions of the tax code relating to taxation of repatriated profits.  This is an area where the right policy is obvious, but Congress has failed to act.

USDA Christmas Tree Tax Takes Effect.  This year, your real Christmas tree will be more expensive than it needs to be.  That's because the Department of Agriculture is imposing a fee on each fresh-cut tree sold.  A few months ago, the federal government created a national marketing program to advertise the virtues of real Christmas trees.  It's funded by a 15-cent surcharge that will be added to the cost of each tree sold.  It's not a tax, Washington insists — merely a fee that you have to pay.

New CBO Report Explodes Tax Fairness Myths.  The CBO looks at the distribution of household income and federal taxes up through 2011, the last year for which it has data.  It found, for example, that:  While the top 1% of households accounted for 15% of all income, they paid 35% of all federal income taxes.  The bottom 20% accounted for 5.3% of income, but they got more in refundable tax credits, on average, than they paid in income taxes.  Even when you include payroll and other federal taxes, the bottom 20% carried just 0.6% of the total tax burden.

Berkeley to impose first soda 'sin' tax.  Voters in Berkeley, Calif., made history Tuesday [11/4/2014], approving the nation's first soda tax.  Berkeley's Measure D imposes a 1 cent per ounce tax on sugar-sweetened beverages (SSBs)and flavored drinks for residents in this city of 117,000.  That will increase the price of a can of soda in Berkeley by 12 cents, and 68 cents for a 2-liter bottle.  A referendum in San Francisco on a 2 cent per ounce tax fizzled.

Democrats in blue states in peril as Republicans ride anti-tax wave.  They call it "crushing the middle class" or "the big squeeze" or just plain "irresponsible."  Regardless of the description they use, Republican candidates for governor in some of the Democratic Party's most dependable strongholds are finding receptive audiences of voters fed up with too many taxes.

Flashback: When Presidents Respected the Constitution.  This will come as news to radicals, but keeping the lion's share of what one earns is a fundamental right.  That right has been trampled by Obama.  Counting estate taxes, property taxes, sales taxes, state income taxes, and a host of state and federal fees, the federal marginal rate of 44% raises marginal rates in some municipalities to over 90%.  Corporate taxes, which are passed on to consumers in the form of higher prices and to investors in lower investment returns, add another layer of taxation.  But as Coolidge and Reagan understood, the consequences of Big Government involve more than taxes.  By confiscating earnings, government denies its citizens a host of freedoms.

What a Waste it is to Prevent Waste.  Denizens of Massachusetts, displeased with the state legislature repeatedly balking at expanding the bottle bill to apply to flimsy water containers, have taken their campaign directly to the people.  Question 2 seeks to compel consumers to pay an extra tax when purchasing a Gatorade, Snapple, or other non-carbonated beverage not currently requiring a deposit charge.  The state now charges a nickel.  The initiative directs increases automatically tied to inflation.

No Such Thing As A Free Lunch: IRS Mulls Tax On Employee Meals.  Companies all over the country often provide meals and other services to keep employees on the premises and happy.  Earlier this year, Forbes counted down the 10 Most Popular Employee Perks of 2014 and found benefits that ran the gamut from game rooms to company gyms.  Not surprisingly, the list also included free food including a "never-ending cereal bar" at Moz.com and a "24-7 on-tap keg" at apartmentrental.com.

The Left's Ridiculous Burger King Freakout.  Burger King plans to merge with Canuck coffee-and-doughnut chain Tim Hortons and base the company's headquarters in Canada where it will enjoy the kind of reasonable corporate tax structure that Democrats continue to obstruct here in the United States.  And the move has provoked a fresh round of moral panic, faux patriotism and confusion.

Map of State Gasoline Tax Rates in 2014.  California is in 1st place with the highest rate of 52.89 cents per gallon, and is followed closely by New York (49.86 cents/gallon), Connecticut (49.3 cents/gallon), and Hawaii (48.05 cents/gallon).

Tax Revenues for FY14 Hit Record Through July — Gov't Runs $460B Deficit.  Inflation-adjusted federal tax revenues hit a record $2,469,178,000,000 for the first 10 months of the fiscal year this July, but the federal government still ran a $460,450,000,000 deficit during that time, according to the Monthly Treasury Statement.

U.S. policymakers gird for rash of corporate expatriations.  Washington policymakers are bracing for a wave of corporations to renounce their U.S. citizenship over the next few months, depriving the federal government of billions of dollars in tax revenue and stoking public outrage ahead of the Nov. 4 congressional elections.  So far this year, about a dozen U.S. companies — including such well-known brands as Medtronic medical devices and Chiquita bananas — have merged with foreign firms and shifted their headquarters offshore to avoid U.S. taxes, analysts say.  Dozens of additional deals are in the works, according to administration and congressional officials, and other companies are quietly contemplating the move.

Fair share: Al Sharpton and his organizations owe $4.7 million in unpaid taxes.  Sharpton [...] insists the actual sum he owes is "significantly less" than public records indicate, and that the debts are "being paid down."  The MSNBC host is, naturally, an ardent advocate for raising taxes on "the rich."

IRS Abolishes Mandatory Expiration Dates For Illegal Immigrants' Taxpayer Status.  The Internal Revenue Service (IRS) quietly changed regulations to allow more undocumented immigrants to keep their taxpayer status through a program that is rife with fraud and abuse, and to delay deactivation of immigrant taxpayer status until 2016.  The IRS now prevents peoples' Individual Taxpayer Identification Number (ITIN) from automatically expiring after five years as previously mandated.  Now immigrants can keep their ITIN so long as they pay taxes at least once in a five-year period.

High Taxes, Abusive Enforcement Causing Businesses, Citizens to Flee America.  President Obama, as promised, is changing America.  High taxes and abusive enforcement are compelling businesses and ordinary citizens to leave the country altogether.  The United States has much higher corporate tax rates than other industrialized countries, and increasingly, the IRS pursues more aggressive enforcement tactics than foreign tax authorities.  The United States stands alone among industrialized countries by requiring U.S. businesses to pay taxes on profits from overseas operations and investments — in addition to taxes paid to foreign governments.

Report: Pentagon Employees with Top Secret Access Have $730M in Back Taxes.  Some 83,000 Pentagon employees and contractors who handle classified intelligence were found to have unpaid federal taxes totaling $730 million, which makes them more likely to "compromise classified information," according to a report by the Government Accountability Office (GAO).  At least 83,000 Defense Department tax delinquents "were determined eligible for secret, top secret, or sensitive compartmented information (SCI) clearances, or related interim clearances" despite their outstanding debts, according to the report.  Some of those with back taxes are likely security-cleared employees of the executive branch, legislative branch, and the intelligence community, due to the large scope of the GAO's analysis.

Newest Obama Admin Mandate: Corporate Tax Patriotism.  First it was Vice President Joe Biden who said paying higher taxes was "patriotic."  Now, Treasury Secretary Jack Lew has resurrected the taxes-as-patriotism meme for the Obama White House.  Secretary Lew used the phrase "economic patriotism" this morning [7/16/2014] on his interview on CNBC to discuss the Administration's new plans to regulate the corporate marketplace.

Government will take every penny you've earned so far this year.  As Americans celebrated this nation's birthday on July 4, most were likely unaware of a less uplifting commemoration that fell on the calendar during the same holiday weekend.  That was Cost of Government Day, or July 6, 2014.  The date's significance is one of political math and symbolism.  By the time 2014 ends, local, state and federal governments will have consumed the equivalent of every dime of national production created between New Year's Day and July 6.  The money goes to government spending and regulatory compliance.  Americans have only from Monday [7/7/2014] until year's end to produce anything for themselves.

Highway (trust fund) robbery.  This is a classic Washington crisis by the numbers.  Congress sets up a "trust fund" — in this case, the Highway Trust Fund — and depletes it by spending the cash on projects that have nothing to do with highways.  When there's no money left, taxes must be raised.

House Aims to Stop Highway Robbery.  Every time you buy a gallon of gas in this nation, you pay 18.2 cents to Uncle Sam.  The original rationalization for the federal gas tax was that it was collected in a "Highway Trust Fund" and used to pay for road infrastructure.  In 1983, a transit account was created, diverting 20 percent of the trust fund to pay for the mass transit dreams of local potentates.  The Highway Trust Fund (which President Barack Obama is reportedly planning to rename "Transportation Trust Fund") has paid for railroad pork all over the country.

Senators propose 12-cent gas tax increase.  Two senators unveiled a bipartisan plan Wednesday [6/18/2014] to raise federal gasoline and diesel taxes for the first time in more than two decades, pitching the proposal as a solution to Congress' struggle to pay for highway and transit programs.

Don't Raise the Gas Tax.  The federal Highway Trust Fund, historically, is a fund that the government can't be trusted to spend on federal highways.  Unfortunately, Senator Bob Corker (R., Tenn.) is proposing to put more money in it by raising the federal gasoline tax, a proposal he's concocted with Senator Chris Murphy (D., Conn.).  Corker's idea is bad policy and bad politics.  The politics:  Gas prices are rising rapidly, taxes on fuel are regressive, and Americans, rightly, really don't like when you raise any kind of tax at all.

After touting estate tax, Bill and Hillary Clinton seize on loopholes.  Estate tax champions Bill and Hillary Clinton are doing just about everything in their power to stave off hefty estate taxes on their own personal fortune, according to Bloomberg News.  The report out Tuesday [6/17/2014] shows that the two heads of the political dynasty have been seizing on legal but slippery loopholes to minimize taxes on inherited wealth — maneuvers not atypical of multimillionaires but which will inevitably drum up cries of hypocrisy based on the Clintons' active support for the estate tax in the past.

Highway (trust fund) robbery.  The administration insists that America's roads are crumbling, the bridges tumbling, and Congress must raise taxes, or else.  "If they don't act by the end of the summer," President Obama says, "federal funding for transportation projects will run out — will run out.  There will be no money.  The cupboard will be bare."  This is a classic Washington crisis by the numbers.  Congress sets up a "trust fund" — in this case, the Highway Trust Fund — and depletes it by spending the cash on projects that have nothing to do with highways.  When there's no money left, taxes must be raised.

Conservatives' Moment to Stand Against Cronyism.  Most Americans know that our revolutionary history began when a handful of brave patriots tossed crates of tea into Boston Harbor to protest unfair taxation.  But what they might assume incorrectly is that our forefathers did so in response to increased taxes.  In fact, the Tea Act of 1773 actually lowered taxes on imports.  What truly offended the colonists was that it only lowered them for one corporation, the politically connected East India Company, giving it an unfair, artificial advantage over smaller, local American competitors.  Thus, not only was the American idea hatched in protest to a government that was too big and too intrusive, but also protesting a government that was willing and able to unfairly benefit favored special interests at the expense of everyone else.  Today, it's commonly known as "cronyism" and represents a uniquely malignant threat to American exceptionalism.

Liberal Austin homeowners surprised to find they have to pay all the taxes they voted for.  Voting and paying are different endeavors entirely.  Often, when one has to pay for the things one has voted to fund, that decision becomes less flippant.  This is a comment, less on the specifics of Texas' or Austin's tax system than the blaring disconnect between liberals in Austin who are voting for higher taxes and the actual paying of the taxes.  Which, as it turns out, is painful, discouraging, and can be a detriment to the fabric of the city.

The Unpopular Property Tax.  The complexity of property taxes is also an issue.  In Texas, there are more than 3,900 localities that impose property taxes, including school districts, counties, and special districts.  Texas' property tax burden has grown from approximately 1 percent of value in the early 1980s to nearly 3 percent today.  The rising burden from property tax is worse for the housing-rich but income-poor elderly homeowners.  For example, elderly homeowners tend to move more often to reduce their property tax burden, which is an additional cost of owning a home for those who can least afford to move.  Interestingly, another reason voters hate property taxes is because they are more "salient."  A salient tax means that the burden is transparent, easy to understand, and hard to avoid.  If paid directly, property taxes are found to be more salient compared with sales taxes applied at checkout or income taxes withheld from a paycheck.

People Moving Due to Taxes.  The source data — from the IRS — shows the changes in each state's total adjusted gross income of taxpayers who've moved either in or out.  The states with the highest income taxes have had a net loss in taxpayer AGI of $107 billion, and the the states with no income tax have had a net gain of $146 billion.  In other words, there's been an exodus from high tax states to those with no taxes.

Federal employees owe $3.3B in back taxes.  Federal employees owe a total of $3.3 billion in back taxes to the federal government, according to Internal Revenue Service data released Thursday [5/22/2014].  In all, 318,462 federal employees owed back taxes as of last Sept. 30 — an increase of 2.6% from the previous year.

Thousands of Federal Workers Owe Billions in Back Taxes.  From workers in Congress and at the White House to active duty troops, more than 318,000 federal employees and retirees owe just over $3.3 billion in back taxes, the Internal Revenue Service said Thursday.  That works out to nearly 3.3 percent of all 9.8 million federal workers and retirees who are behind on their taxes, which is significantly lower than the proportion of delinquent taxpayers in the overall population.

The Tax System Explained in Beer.  Suppose that every day, ten men go out for beer and the bill for all ten comes to $100.  If they paid their bill the way we pay our taxes, it would go something like this... The first four men (the poorest) would pay nothing.  The fifth would pay $1.  The sixth would pay $3.  The seventh would pay $7.  The eighth would pay $12.  The ninth would pay $18.  The tenth man (the richest) would pay $59.

Group Claims Obamacare Unconstitutionally Imposes New Taxes.  A Sacramento-based law firm is challenging President Barack Obama's health care law, claiming it imposes new taxes unconstitutionally.

Taxman auctions widow's home over $6 bill.  A Pennsylvania judge ruled that it's perfectly OK for state tax authorities to have sold a widow's home at auction because she failed to pay a $6.30 tax bill.

California Tops List of 10 States With Highest Taxes.  The Tax Foundation has ranked the states by their state income tax rates and among the highest are California, Hawaii, and Oregon.

Obama Calls for Highest Sustained Taxation in U.S. History.  In the budget proposal he presented to Congress last month, President Barack Obama called for what would be the highest level of sustained taxation ever imposed on the American people, according to the analysis published last week by the Congressional Budget Office.  Under Obama's proposal, taxes would rise from 17.6 percent of Gross Domestic Product in 2014 to 19.2 percent in 2024.  During the ten years from 2015 to 2024, federal taxation would average 18.7 percent GDP.  America has never been subjected to a ten-year stretch of taxation at that level.

Scalia To Student: If Taxes Go Too High 'Perhaps You Should Revolt'.  Supreme Court Justice Antonin Scalia told a crowd of law school students that if taxes in the U.S. become too high then people "should revolt."  Speaking at the University of Tennessee College of Law on Tuesday [4/15/2014], the longest-serving justice currently on the bench was asked by a student about the constitutionality of the income tax, the Knoxville News Sentinel reports.  Scalia responded that the government has the right to implement the tax, "but if it reaches a certain point, perhaps you should revolt."

Paying more than your fair share of income taxes.  If you are a member of the 53% of the US population who actually pays income taxes, due today without a penalty, perhaps this chart from the Internal Revenue Service and analyzed by Mark J. Perry of AEIdeas will make you feel better.  Or not. [...] And these are the stats on people who at least pay income taxes; in 2012 Republican presidential candidate's Mitt Romney was actually criticized for even mentioning that 47% don't pay income taxes.

IRS considers taxing employee perks doled out by companies.  The Internal Revenue Service is considering a bold move to label perks like free lunch given to workers by companies as taxable.  The agency wonders if freebies like haircuts and gym memberships are a way to compensate the highly skilled rather than just a way to jumpstart productivity.  Companies say it would be a step too far that needlessly chips away most notably at the fruitfulness of industries in Silicon Valley that have become a driving force behind the American economy.

Just 39% Think Federal Income Tax System Is Fair.  Just 39% of Americans say today's income tax code — which features multiple tax brackets along with myriad deductions and exemptions — is the fairest.  As to what sort of tax system would be more fair, the public hasn't made up its mind.  Thirty-six percent say a flat tax is the fairest way to collect income taxes, while 19% would prefer a national sales tax.

Gallup: 52% of Americans Say Federal Income Taxes Too High.  Just in time for tax deadline day, a new Gallup poll finds that a majority of Americans — 52 percent — say they pay too much federal income tax, while 42 percent say they amount they pay is "about right."  Three percent said their federal taxes are "too low."

The Editor says...
If you feel that your taxes are too low, you can always send a check to the Treasury in the amount you would prefer to pay.  In reality, what the 3 percent are saying is that your taxes are too low, not theirs.

What Obamacare Means for Your Taxes.  Tax day is here — and some people will pay more this year because of Obamacare.  The law's biggest tax provision — billions of dollars in tax credits to help people cover the cost of their premiums — is already in effect, but doesn't affect the taxes due on Tuesday [4/15/2014].  A handful of smaller provisions, mostly affecting wealthy households, will show up for the first time in this year's filing.  Among this year's changes:  a 0.9 percent increase in Medicare taxes and a 3.8 percent surtax on investment income.  Both are limited to high-income taxpayers, and both took effect for the first time in the tax season that just ended.

The Democrat Party's Century of Tax Hikes.  [T]he 16th amendment, ratified in 1913, stands as one of the most viscous deteriorations of the American Experiment.  Stating simply "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several states, and without regard to any census or enumeration" the amendment grants to the Federal government powers typically reserved for serfdom or British ruled colonies.  It's not that tax collection is inherently evil, or that a personal income tax of some nature is abhorrent to Constitutional values, but the 16th Amendment marked the beginnings of progressive dominance in political discourse.  Direct taxation (which was expressly prohibited in the Constitution) endangers personal property, privacy and anonymity.

Obama has Proposed 442 Tax Hikes Since Taking Office.  Perhaps not coincidentally, the Obama budget with the lowest number of proposed tax increases was released during an election year: In February 2012, Obama released his FY 2013 budget, with "only" 34 proposed tax increases.  Once safely re-elected, Obama came back with a vengeance, proposing 137 tax increases, a personal record high for the 44th President.  In addition to the 442 tax increases in his annual budget proposals, the 20 signed into law as part of Obamacare, and the massive tobacco tax hike signed into law on the sixteenth day of his presidency, Obama has made it clear he is open to other broad-based tax increases.

Obama's Economy-Killing Tax-Hike Frenzy Knows No End.  In his first campaign, President Obama pledged to cut taxes for all but the very rich.  Now that another tax day has come and gone, it should be very clear that his pledge was just another in a long line of falsehoods. [...] A new report from Americans for Tax Reform (ATR), a group that advocates tax cuts to restore economic growth, says that President Obama has so far pushed for 442 tax hikes — many of them aimed squarely at the struggling middle class whom Obama has vowed repeatedly to protect.  If Obama were to get his way, he'd be the most prolific tax hiker in history.

Molinaro signs repeal of county energy sales tax.  Dutchess County Executive Marc Molinaro today [4/8/2014] signed a measure that removes a 3.75 percent sales tax on residential energy sources in Dutchess County.  "We have listened to our constituents and now keep our promise to repeal this tax upon receipt of aid from Albany," Molinaro said in a statement.  The Dutchess County Legislature voted unanimously Monday night to repeal the sales tax, which was imposed last year in order to make up a budget shortfall.

'Tax Freedom Day' falls three days later this year.  The day when the nation collectively has made enough money to pay its total tax burden for the year is three days later this year, according to a new report.  According to a report released Monday [4/7/2014] by the Tax Foundation, this year Tax Freedom Day falls 111 days into 2014, on April 21.  By April 21, to [sic] group says, Americans will have made enough to pay the $3 trillion in federal taxes and $1.5 trillion in state taxes — more than they will spend on food clothing and housing combined.

Iowa goes retro to keep millions from tax that doesn't exist.  For six years, the state has collected more than $20 million for a tax that didn't exist.  When questioned about it, the Legislature adopted the solution preferred by small children who've done something wrong — they pretended it never happened.  In 2008, the Legislature passed a bill that accidentally included language repealing the section of the tax code that imposed a sales tax on heavy machinery purchased in the state.  No one noticed until last summer, when a lawyer contacted the Iowa Department of Revenue seeking clarification about the tax.

White House Exposes Corrupt Tax System with Attack on Drudge.  It is probably fair to say nobody had ever heard of the guy outside of his cocooned little Twitterverse of journalists and bloggers who follow his utterances for strained happy talk about President Obama and his signature health care law.  That is, until last Friday when Jesse Lee strayed from his comfort zone of spotting unicorns dancing under rainbows to talking about taxes and how they are paid by the people who build small businesses in America.

Taxable swag: If you got free goodies, the IRS wants to know.  [A]s far back as 1960, the Supreme Court, in Commissioner v Duberstein, ruled that a businessman who'd received a Cadillac as a gift from a company he did business with needed to pay taxes on it.

For some who are married but filing taxes separately, another HealthCare.gov hurdle.  In May 2012, when the Internal Revenue Service proposed its rules for Americans to get government subsidies for health insurance, officials acknowledged that a legal quirk needed to be fixed:  The Affordable Care Act was written in a way that inadvertently denied such help to some people who live apart from spouses who abuse them, are in prison or are on the cusp of a divorce.  The problem is that the law's authors, in creating tax credits to help pay for health plans bought through the new insurance marketplaces, had overlooked the fact that some married people file their tax returns separately.

What U.S. states have the highest and lowest taxes?  If you hate paying taxes, pay attention to where you live.  Residents of the nation's lowest-tax states pay less than one-quarter of the levies contributed by those in the highest-tax states.  And that's even when they earn the same amount and spend the same amount on everything from housing to beer, according to an analysis by personal finance site WalletHub.  The site looked at 10 different taxes, from property and state and local income taxes to those on vehicles, food, alcohol, fuel, telecommunications and sales.

Red state residents pay fewer taxes than blue state residents.  The average American family pays nearly $7,000 in state and local taxes in a given year, but the actual amounts vary wildly.  A Californian who lives on the western side of Lake Tahoe pays almost three times more in state taxes than their neighbor on the Nevada side of the lake.  Someone living in Portland, Ore., pays more than twice as much as a neighbor living across the Columbia River in Vancouver, Wash.

Gates: Tax consumption to fix unemployment caused by technology.  Billionaire software mogul Bill Gates has joined the growing chorus of tech experts who predict that low-skill Americans will face greater unemployment because more jobs are being done by software and robots.  The Microsoft founder, whose net worth is $76 billion, suggested the problem could be fixed by reducing taxes on employers and raising taxes on employees, via the reduction of payroll taxes and the addition of new federal consumption taxes.

The Editor says...
Nonsense.  Robots and software might take over some menial and tiresome tasks, but it's difficult to ask a robot to explain what happened last Tuesday when the production line came to a halt.  I work with an automation system, and believe me, it's not automatic.  Mr. Gates and his products have probably forced a lot of people to change jobs or change careers; but he should realize that jobs come and go, and if your job disappears you go find another one, unless it's easier to claim some kind of disability.

Pre-K vs. Back Pay: Personnel Costs Threaten Progressive Goals.  If universal pre-K is as critical as New York Mayor Bill de Blasio insists, funding should be found by cutting lower-priority programs, not through his proposed new income tax.  Public sector unions bring out the worst in the modern administrative state.  States with weak labor regulation also tend toward bloat and inefficiency, but it's in blue states, which overcompensate their employees and mock the concept of "public service" with their absurdly protective work rules, where government operates most like government.  In New York, Mayor Bill de Blasio believes in the benefits of government spending, but his progressive goals are threatened by unsustainable personnel costs.  His proposed solution is to raise taxes, thus doubling down on bloat.

On Track to Restart the Cold War.  On economic policy, President Obama has consistently and thoroughly followed just the opposite of everything Reagan did.  And that is why he has consistently and thoroughly gotten the opposite of Reagan's results.  Reagan slashed tax rates, with the top income tax rate reduced from 70% when he entered office to 28% when he left. [...] In sharp contrast, Obama's consistently anti-growth economic policies have produced the worst recovery from a recession since the Great Depression.

Obama unveils $4T budget plan.  [Scroll down]  Obama also announced a four-year, $302 billion plan to boost spending on highways, rail projects and mass transit.  Half of the initiative would be financed through corporate taxes.  Funding for highway and mass transit projects expires at the end of September, and there's bipartisan interest in finding a supplemental funding stream to augment stagnant revenues from the $[sic]18.4 cents-per-gallon gasoline tax.

The GOP Needs To Stop Attacking Conservatives.  Here's what a GOP tax reform idea should look like.  Let's cut rates on people who actually contribute to society to 15% and pay for it by eliminating anything not found in the Constitution.  This basically means stopping every program that takes money from people who work and gives it to the deadbeat Democrat-voting losers who refuse to.  It's simple, fair, and most of all it hurts the kind of parasites who elect dillweeds like Harry Reid.

Report: Duke Energy paid no federal income taxes in recent years.  Duke Energy is one of 26 profitable Fortune 500 companies that paid no federal income taxes over the past five years, according to a new report.  A Duke spokesman said the Charlotte-based company benefited from accelerated depreciation on billions of dollars in capital investments that it will be paying taxes on for decades to come.  Boeing, Corning, General Electric, Priceline.com and Verizon Communications also are listed among the group that paid no federal income taxes from 2008 to 2012 in the report issued Wednesday [2/26/2014] by the Citizens for Tax Justice, an advocacy group, and the Institute on Taxation and Economic Policy.

How to Fix Our Appalling Tax Code.  There have been so many changes to the tax code over the past decade that it is now 10 times the size of the Bible, but with none of the Good News.  That factual statement usually gets a good laugh back home in Michigan.  What isn't funny is the effect that constant tinkering with taxes has had on the people who pay them, and on the economy.  According to Nina Olsen, the National Taxpayer Advocate at the IRS, Americans overall spend over six billion hours and $168 billion every year to file their returns.  This is stark testimony to the complexity of the tax code.

8960 or Fight!  Some TurboTax customers are mad at Intuit, maker of the popular tax-prep software, because they've finished their returns but are unable to file.  Their anger is misplaced.  They should blame the Internal Revenue Service, along with the 111th Congress and President Obama for enacting and signing the tax increase with which TurboTax can't yet comply. [...] At issue is ObamaCare's new 3.8% "net investment income tax."

Mayor wants to impose regulations on ride-sharing industry.  Mayor Rahm Emanuel will move Wednesday [2/5/2014] to fill a "regulatory vacuum" that has given ride-sharing companies an unfair advantage over taxicabs, with no safeguards to protect consumers.  The 20-page ordinance, expected to be introduced at a City Council meeting, would license ride-sharing companies as "transportation network providers" and require them to pay an annual, $25,000 fee, plus $25 per driver.

Here's why taxes are high:
65 of 70 biggest spenders are Democrats, led by Congressional Black Caucus members.  Democrats in Congress sponsored 618 bills in 2013 that would have spent at least $1.35 trillion, and Republicans sponsored 147 bills worth $635 billion, according to a Washington Examiner analysis.  The figures provide an unusual insight into what members of Congress would do if they ran the show and had a free hand to spend tax dollars.  Of the 70 members who sponsored the largest number of spending bills, 65 were Democrats, four were Republicans and one an independent.

Congress seeks to jack up fees on home heating oil in midst of frigid winter.  Congress' mammoth farm bill restores the imposition of an extra fee on home heating oil, hitting consumers in cold-weather states just as utility costs are spiking.  The fee — two-tenths of a cent on every gallon sold — was tacked on to the end of the 959-page bill, which is winding its way through Capitol Hill.

"America is One Big Pothole": LaHood Wants to Raise the Gas Tax.  With money running out in the Trust Fund that takes care of the highways and other mass transit projects, Mr. [Ray] LaHood has picked up President Obama's main budgeting technique:  raise taxes to find the money.  What's even funnier is that LaHood stated, "Because people are driving less, driving more fuel-efficient cars, and the gas tax hasn't been raised in many years" we are running out of money in the Highway Trust Fund.  Isn't that exactly what the government wanted us to do?

Grab your wallets: House to consider internet sales tax.  Old-line retailers are pushing Congress to enact the sales tax bill passed by the Senate last year to "even the playing field."  What they rarely mention is that it will drive some smaller online outlets out of business while hugely complicating online purchases due to thousands of state and local tax jurisdictions that have to be considered.

New IRS rule could cut into restaurant workers' tips.  Even as President Obama and progressive activists are trying to sell the nation on hiking the national minimum wage to help restaurant workers and other low-wage employees, the Internal Revenue Service is seemingly determined to make life harder for those same workers.  A change in tax policy implemented Jan. 1 will prevent restaurant workers from collecting automatic gratuities — the added 18 percent fee many restaurants charge to groups of eight or more — as part of their tips.

11 Nasty Trends That Will Test America's Resilience.  Last year was a challenging one for entrepreneurs and other productive Americans.  No fewer than 13 new taxes were put into place.  Big government now consumes one of every four dollars of our GDP and is getting bigger.  Entering 2014, we face problems, including taxes and spending, that neither the White House nor Congress is addressing.

New Year Brings Dawn of Obamacare Tax Increases.  [Scroll down]  Seventy-seven years later, the Social Security tax rate is now 12.4 percent.  In 2013, a little over six percent began to be withheld from both employer and employee.  Like Social Security before it, Obamacare promises to increase Americans' taxes year by year, starting this month.  Here are three of the major tax increases that come from the Democrats' healthcare law: [...]

Hidden Obamacare taxes will appear on health insurance bills starting in 2014.  New Obamacare taxes that were previously kept secret have been unveiled by outraged customers who feel betrayed.  Residents in many states have yet to feel the change that will come when President Obama's signature health care program which will go into full effect in January.

Coming up next: ObamaCare taxes and fees.  The disastrous rollout of ObamaCare is only the appetizer for Americans, the 2013 lead-in to higher costs and fees built into the so-called Affordable Care Act.  What most people haven't heard — yet — is the new fees that ObamaCare charges for access to those higher premiums.

New ObamaCare fees coming in 2014.  Here comes the ObamaCare tax bill.  The cost of President Obama's massive health-care law will hit Americans in 2014 as new taxes pile up on their insurance premiums and on their income-tax bills.  Most insurers aren't advertising the ObamaCare taxes that are added on to premiums, opting instead to discretely pass them on to customers while quietly lobbying lawmakers for a break.

The Minimum Wage Issue — Again.  Minimum wage-earners actually pay a "negative" tax.  A person making the federally mandated minimum wage of $7.25/hour will make $15,080/year (assuming he/she works 2,080 hours — 40 hours/week times 52 weeks).  He/She is in the first income quintile according to a recent Congressional Budget Office (CBO) report.  According to the same report, he/she pays an income tax rate of -9.2% (Table 2), or $1,387.  He/she pays no income tax on the $15,080, and receives $1,387.  So the effective minimum wage is $7.91/hour ([$15,080 + $1,387]/2,080).  But wait!  There's more!

The Air Boehner Tax.  He is the new tax collector for the welfare state.  And House Speaker John Boehner's latest gift to the American people — a 124% tax increase on air travel — can aptly be called The Air Boehner Tax.

Surprise! Obamacare Includes A Medicaid Death Tax.  Before Obamacare there was a Medicaid provision allowing the state to recuperate funds spent on a Medicaid patient over 55 years old from his/her estate.  The end result of that policy, for those on Medicaid dying with assets, would see the government seizing the assets of an estate forcing family members to purchase back any items they'd want to keep.  It's called estate recovery, and it's not exactly advertised as one of the terms for Medicaid enrollment.  But pre-Obamacare there weren't many people who were a) on Medicaid and b) had many assets of value for seizing.

Expanded Medicaid's fine print holds surprise: payback' from estate after death.  As thousands of state residents enroll in Washington's expanded Medicaid program, many will be surprised at fine print:  After you're dead, your estate can be billed for ordinary health-care expenses.

IRS using Google Maps to spy on taxpayers.  Agents from the Internal Revenue Service (IRS) are using Google Maps as part of their tool kit to audit taxpayers and organizations, The Daily Caller has learned.  A redacted IRS letter dated Sept. 8, 2011 reveals that at least in one case the IRS's examiners used photos of a property, obtained through Google Maps, as evidence to revoke the 501(c)(4) status of a homeowner's association.

Administration Finalizes Obamacare Tax Over Holiday Weekend.  The Obama administration quietly finalized the Health Insurance Tax (HIT) over the Thanksgiving holiday weekend, a provision in Obamacare that will cost nearly $60 billion over the next five years and raise health care premiums by 3 percent.  The final rule, published on Nov. 27, imposes a fee beginning in 2014 for health insurers with premium revenues over $25 million per year.  The annual tax is levied for "United States health risks," and is hidden from consumers since it is directly assessed on health insurance companies.  David R. Burton, a senior fellow in economic policy at the Heritage Foundation, said the tax will disproportionally impact small businesses.

Illinois Judge Strikes Down State's Internet Tax Law.  A Cook County Circuit Court judge has struck down Illinois' Internet affiliate tax law, handing a victory to thousands of Internet entrepreneurs across the state.

Berkley, CA Councilman Wants Billions in Email Taxes — to Fund Post Office.  Yes, Leftists are talking about taxing emails.  Again.  Ponder for but a moment the monumental government overreach necessary to monitor and count every email every American sends.  Network Neutrality and President Barack Obama's Cyber Security Executive Order are hay-yuge government Web data grabs.  They pale in comparison to this.

With trucker tolls on GWB rising to more than $100, some drivers say they'll avoid NYC.  As toll increases go, the one that starts today is pretty moderate, at least for most of us:  an extra 75 cents on your E-ZPass bill to drive a car across the George Washington Bridge.  But truckers are being asked to dig a lot deeper — deep enough, they say, to cut into or even eliminate their profits. [...] It will now cost those who pay cash to cross in the biggest rigs more than $100, and all truckers are being hit for an extra $8 to $12 dollars [sic] per trip, even with E-ZPass.

Tax hikes remain toxic.  On Tuesday, November 5 the good citizens of Colorado voted 65% to 35% to defeat a ballot measure that would have replaced the present 4.63% flat rate income tax with a higher rate of 5% for those earning up to $75,0000 and a 5.9% rate for those earning more than $75,000.  This measure, if enacted, would have increased taxes by $1 billion a year with promises that it would be spent "on education."

Michigan House Mulls 9-1-1 Fee for Prepaid Cell Phones.  Michigan House Bill 5468, now under consideration, would change the way 9-1-1 fees are collected on prepaid cell phones in the state.  Currently those fees are charged at wholesale, which leads to complications in apportionment and consistency.  The bill would change the process so fees are charged at retail. [...] Several states, including Georgia and Hawaii, have used 9-1-1 collections to close budget deficits.

WH Predicts: Taxes Will Hit Record $3T in FY14 — $29,673 Per Full-Time Worker.  The latest Monthly Treasury Statement, which was released on Wednesday afternoon [11/13/2013], relies on the estimate made by the White House Office of Management and Budget to say that federal tax revenues will top $3 trillion for the first time in the nation's history in fiscal 2014.  In fact, the record $3,023,004,000,000 in tax revenues that the White House is predicting the federal government will rake in during fiscal 2014 not only exceeds the inflation-adjusted revenue taken in by the government in any previous year, it also equals $29,673 in tax revenue for every full-time worker in the country.  It is also equals $9,534 for every man, woman and child currently living in the country.

Report: Government redistributes more than $2 trillion in one year.  Government policies effectively redistributed more than $2 trillion in income from the top 40 percent of American society to the bottom 60 percent in 2012, according to a new study from the nonpartisan Tax Foundation.  The study tracked the beneficiaries of government spending programs largely paid for by taxpayers who are not very big beneficiaries of those programs.  Families in the top 1 percent shouldered nearly half of the more than $2 trillion that was redistributed last year.

The ObamaCare taxi tax.  This week, The [New York] Post reported how the city's taxi drivers are now being charged a new tax of 6 cents — i.e., a nickel and a penny — per ride.  The hidden add-on is supposed to go toward programs that help cabbies figure out ObamaCare (good luck with that one) and for disability insurance "over and above" what medallion owners must already provide.

Happy Birthday, Income Tax!  For a century and a quarter, the United States avoided an income tax.  Thomas Jefferson warned against such "internal" taxes, saying that under the British they had "filled our land with officers and opened our doors to their intrusions."  Until the early 20th century, a small federal government relied on import duties and taxes on alcohol and tobacco for most of its revenue.  Congress passed an income tax to fund the Civil War in 1862 but allowed it to expire a decade later.  In 1894, it passed another — a 2 percent flat-rate income tax that kicked in at today's equivalent of $110,000.

Happy birthday income tax, you're 100 years old (ouch!)  "In 1913, the tax code consisted of 400 pages," said Timothy Nash, a professor of free market economics at Northwood University.  "By 2012, the tax code was 73,608 pages," he said.  "We have gone from a simple tax system to a complex, unfriendly system."

Public to Congress: Force an Internet Sales Tax at Your Own Risk.  While movement on a bill to extend the reach of state sales tax laws to out-of-state retailers has been quiet lately, that doesn't mean the American public is more accepting of the idea.  A new poll released by the National Taxpayers Union and R Street Institute showed that 57 percent of likely voters oppose letting state tax authorities require out-of-state retailers to collect sales taxes for them.  Only 35 percent support the idea.

$2,472,542,000,000: Record Taxation Through August; Deficit Still $755B.  The federal government raked in a record of approximately $2,472,542,000,000 in tax revenues through the first eleven months of fiscal 2013, which ran from Oct. 1, 2012 through the end of August, according to the Monthly Treasury Statement for August.  That is up about $285 billion from the approximately $2,187,527,000,000 in taxes the government took in through August of fiscal 2012.

Left With Nothing.  On the day Bennie Coleman lost his house, the day armed U.S. marshals came to his door and ordered him off the property, he slumped in a folding chair across the street and watched the vestiges of his 76 years hauled to the curb. [...] The duplex in Northeast Washington that Coleman bought with cash two decades earlier was emptied and shuttered.  By sundown, he had nowhere to go.  All because he didn't pay a $134 property tax bill.

New IRS policy taxes automatic tips for waiters.  A new Internal Revenue Service (IRS) policy will classify many waiters' tips as taxable income instead of self-reported tips, leading to increased costs for restaurants.  The IRS will begin classifying automatic tips at large restaurant tables — which are built into the bill, and which currently count as tips that are not subject to payroll tax withholding — as taxable service charges, according to the Wall Street Journal.

Obama Pushes Cell Phone Rate Hike, Without Congress.  The president is pushing a plan to raise money by hiking cell phone fees and use the revenue generated to wire up local schools with high-speed Internet access.  The idea of allowing states and towns to figure out how to pay for their own Internet access is evidently anathema to this administration, as is the idea that government should stay within its constitutional boundaries.  He's also planning to do this without input from Congress, via the Federal Communications Commission, according to the Washington Post.  Congress, not the executive branch, is empowered by the Constitution with the ability to levy or reject taxes.

Feds May Raise Phone Taxes to Fund Common Core Test-Taking.  The Obama administration may raise taxes on everyone's phone lines by about $5 per year to increase K-12 tech subsidies because most schools cannot administer the computerized Common Core tests coming out in 2015.  President Obama announced the Federal Communications Commission (FCC) will likely overhaul the schools and libraries universal service support program, commonly known as E-Rate.  He also asked the U.S. Department of Education to use federal funding to give teachers more training in using technology.

Tax reform proposals to be secret for 50 years.  The leaders of the Senate Finance Committee last month asked senators to submit written proposals detailing tax breaks they'd like to see preserved once the tax code is reformed and explain why.  The point was to help inform committee leaders in their efforts to craft a tax reform bill.  The request apparently wasn't embraced, and the committee has now promised skittish senators that their proposals will be kept secret for 50 years.

Detroit's strange earnings tax.  Detroit's lumbering slog through the bankruptcy court is well underway, of course — with the requisite examination of its lessons for other communities across the country.  One lesson might be found in Detroit's weird earnings tax.  It collects an income tax from residents, as well as non-resident income earned in the city, just like Kansas City.  But the rate for residents is much higher:  2.4 percent of income.  For non-residents, it's 1.2 percent.  Does that make any sense?

Online 'Marketplace Fairness Act' Could Tax Your 401(k).  The bill authorizes states to "require all sellers not qualifying for the small seller exception [$1 million in sales or less] to collect and remit sales and use taxes with respect to remote sales sourced to that Member State."  Yet "sellers" and "sales" are never specifically defined, and there are no specific exemptions for certain types of products or services.  Financial experts say this means states could tax "sales" such as stock trades in a mutual fund or brokerage account, or even contributions to pension plans such as 401(k)s that were designed to be tax-free until retirement.

Homes, Businesses to Pay 'Rain Fees' In Nine Maryland Counties.  Despite a Republican filibuster attempt in the Senate, the Maryland General Assembly has passed legislation that would implement a stormwater pollution fee to raise revenue to clean up the Chesapeake Bay.  Approved by the Senate and House of Delegates minutes before the end of the legislative session, HB 987 requires nine counties and Baltimore City to establish a watershed protection and restoration program.  Senate Republican Leader E. J. Pipkin proposed 12 amendments, none of which were adopted.  Pipkin said the bill was essentially an attempt to tax rain water.

Tax Code Needs To Be Simplified And Rates Lowered.  Sens. Max Baucus and Orrin Hatch, the top tax writers in the U.S. Senate, issued a challenge to their colleagues last month:  [quote?] We're clearing out the tax code, and starting from scratch — consider all credits, deductions and "loopholes" to be wiped clean.  If any of their 98 colleagues would like to preserve or add back certain provisions, they have until July 26 to make their case.[end quote?]  I applaud Baucus and Hatch, and hope their colleagues will take seriously this effort to simplify and improve an antiquated and overly complex tax code.

ObamaCare and Boiling Frogs.  When President Lyndon Johnson expanded America's welfare state with his Great Society programs, the legislation included a provision requiring business owners to withhold a slice of their employee's paycheck each week so they would hardly notice.  It was a masterstroke.  Taxpayers no longer had to write a huge check to Uncle Sam at the end of each fiscal year and boil, like the proverbial frog, at the sight of their massive tax bite.

How to Repeal the 16th and 17th Amendments.  Repeal of the 16th Amendment starves the federal beast by depriving it of its consumption of money from the states and the taxpayers through income taxes.  States could exercise better control over how or even if their money is spent.  Repeal of the 17th Amendment makes United States senators directly appointed by the state legislatures, as they were at our nation's founding, and representative of the will of each state and its citizens.  This action would check the federal government's proclivity to pass laws binding the states to unfunded mandates.

Online 'Fairness' Tax Could Hit Your 401(k).  In February, the European Union proposed allowing its member countries to levy taxes on the trading of stock, bonds and derivatives.  Supporters argue that in addition to raising revenue, the tax would act as a "speed limit" that reduces volatility in the markets.  Opponents counter with studies showing that the revenue estimates are overstated, and that the tax could actually increase volatility.

Tax breaks for the rich!
What is the California Endowment?  [Scroll down]  At its website, one can glean the answer from an overview of its history and activities, as well as its 428-page tax filing for the fiscal year ending March 31, 2012.  The endowment is a nonprofit corporation, exempt from taxation under Section 501(c)(3) of the tax code.  That means that its contributions as well as most of its operations are untaxed.  But if you'd like to make a contribution, you're out of luck:  "Thank you for the generous offer, but we do not accept donations," the website announces.  They hardly need to.  The tax filing lists the endowment's total assets as of the end of the fiscal year as $3,660,548,295.

Tax Reform Is the IRS Fix.  Apart from criminal prosecution, the best way to strip the power of politics and corruption from the IRS is to initiate broad-based, pro-growth tax reform and simplification.  It's the complexity of the tax code that nurtures the corruptness of the IRS.

Critics Slam Unfairness of 'Marketplace Fairness Act'.  New legislation that would significantly change how customers of online retailers are taxed is being considered in Congress.  S. 336, the "Marketplace Fairness Act," would expand the ability of state governments to charge sales taxes on purchases from out-of-state retailers, regardless of whether the retailer has a physical presence in the state.

Berkley, CA Councilman Wants Billions in Email Taxes — to Fund Post Office.  Ponder for but a moment the monumental government overreach necessary to monitor and count every email every American sends.

Top 10 bogus arguments for the Marketplace Fairness Act.  Whenever there are tens of millions of dollars worth of lobbying muscle behind a piece of legislation, folks seem willing to say just about anything to make a case for it.  The Marketplace Fairness Act, the misguided legislation to allow states to enforce their tax laws on out-of-state businesses, is but the latest example.

Backroom Internet Tax Ambush.  Now that the Senate has approved a bill to give state and local governments more power to collect Internet sales taxes, the bill's author intends to find out what's in it.  Specifically he's trying to find out how many audits his bill authorizes against e-commerce companies.

Senate Passes Internet Sales Tax.  The so-called "Marketplace Fairness Act" passed the Senate today [5/6/2013] on a 69-27 vote, meaning that businesses with more than $1 million in sales will be subjected to tax collection laws no matter where they're located in the United States.

House hits brakes on Internet tax passed by Senate.  The House was in no rush to take up an internet tax bill that senators approved Monday night [5/6/2013].  And even if the House takes up the issue, lawmakers said, it will be a bill very different from the Senate's.

Dems propose minimum 45 percent tax rate on income above $1 million.  Several House Democrats on Thursday introduced legislation that would impose a minimum 45 percent tax rate on taxable income above $1 million, and would set a 49 percent rate on income above $1 billion.  The Fairness in Taxation Act, H.R. 1723, was proposed by Rep. Jan Schakowsky (D-Ill.), who said the bill would help put the nation's wealth back into the hands of middle- and lower-income workers.

The Editor says...
That was the original idea of the income tax — to skim a little off the wealthiest Americans and spread the wealth around.  Right now, the ceiling is at a billion dollars — above which the Democrats would like to help themselves to half your income — but I predict the ceiling will gradually drop until the 45% rate affects most of us.  Changes of this sort always start with something inocuous (like a tax on billion-dollar income) and then the limits move in small increments, so the boiled frogs never have much of a reason to object.

Obama Wants to Make Sure You Don't Retire Rich.  A bullet point on Page 18 of President Barack Obama's 2014 budget sounds ominous:  "Prohibit Individuals from Accumulating Over $3 Million in Tax-Preferred Retirement Accounts."  That it appears in a section titled "Strengthening the Middle Class" is odd since such a proposal would seem to undermine the goal.

But of course...
$3 Million Retirement Cap in Obama's Budget Would Not Apply to Him.  President Barack Obama's 2014 budget puts a $3 million cap on tax-advantaged retirement accounts to crack down on "wealthy individuals" using these investment vehicles to earn "substantially more than is needed to fund reasonable levels of retirement savings."  But an analysis by Forbes finds that a 20-year old saving for retirement would need to amass a $9.97 million portfolio to fund just a $60,000 lifestyle by age 65.

RINO alert!
27 GOP Senators Embrace Internet Taxes: Find Out Who.  If this many Republicans will vote for this in the Senate, how many will vote for it in the House?

The 1-percenter who doesn't pay his 'fair share' — President Obama.  The White House admitted in a Friday afternoon [4/12/2013] news dump, of course, that President Obama paid only an 18.4 percent effective federal income tax rate on his adjusted gross income last year of $608,611.  The highest income-tax rate last year was 35 percent (and has now increased to 39.6 percent, thanks to the fiscal cliff tax hike).  Once again, the president piously demanded that "the wealthiest Americans should pay their fair share" and yet, in the very same paragraph, the multimillionaire president admitted to paying less than half the standard rate for his income bracket.

The Internet Sales Tax Rush.  Every time Congress has taken a serious look at proposals to boost Internet sales taxes, it has rejected them.  That's probably why pro-tax Senators are trying to rush through an online tax hike with as little consideration as possible.

Where Did Your Tax Dollar Go?  Most Americans dread Tax Day, and for good reasons.  Beyond the huge tab Americans pay to the government, the tax code is so complex that it's difficult to figure out what we owe to the IRS.  This is a pain for taxpayers and a huge drain on the economy.

Most of it is in the form of direct payments to individuals, which are completely unconstitutional.
Where Did Your Tax Dollar Go?  The Heritage Foundation has come up with a snazzy graphic so that Americans can see where each percentage of every tax dollar that the federal government takes goes.

Tax-portation bill.  The [Massachusetts] state Senate passed a sweeping transportation spending plan last night [4/13/2013] that socks the public to the tune of about $500 million in new gas, corporate and cigarette taxes — but took a step toward transparency by ordering the long-secret MBTA pensions to be made public.  Senators voted 30 to 5 to pass the financing bill, which would gradually provide $800 million in new revenues for transportation and about $100 million for education, housing and other human services.

A Bizarre New 'Rain Tax' Makes A Splash In Maryland.  The Chesapeake Bay faces a serious pollution problem.  The Environmental Protection Agency decreed in 2010 that Maryland had to stop so much stormwater runoff from draining into the Bay, a project that would cost $14.8 billion.  To pay for that, authorities decided to tax "impervious surfaces" — in the words of The Gazette, "anything that prevents rainwater from seeping into the earth (roofs, driveways, patios, sidewalks, etc.) thereby causing stormwater runoff."

The 'Rain Tax'.  In 2010 the Obama administration's Environmental Protection Agency ordered Maryland to reduce stormwater runoff into the Chesapeake Bay so that nitrogen levels fall 22 percent and phosphorus falls 15 percent from current amounts.

The Editor says...
The Chesapeake Bay has a pollution problem only because the EPA says so.  The EPA has chosen arbitrary reduction goals of 22% and 15% for chemicals that will make their way into the Chesapeake Bay eventually, even if all the storm drains are plugged up.  The EPA is apparently just making excuses for new taxes.  I've never been to the Chesapeake Bay, but I've never heard anyone say it is horribly polluted — except the EPA.

Exclusive: Obama's budget raises taxes by $1 trillion.  President Obama's 2014 budget calls for a trillion dollars in new taxes, almost twice as much as previously thought, The Washington Examiner has learned.  "Of the more than $1 trillion in new taxes, about $800 billion is raised through the individual income tax system, about $125 billion comes from new excise taxes — including new taxes on tobacco and financial companies," a source familiar with the president's budget explained.

The Obama Budget Proposal: Tax Increase on Charity.  President Obama's long-awaited budget proposal, to be released today, does not come right out and say that it intends to reduce contributions to charity — but that is almost certainly what would happen were it to become law.

Obama's tax, spend, borrow, and redistribute budget.  Here are the facts: According to Obama's own numbers, his budget would leave the American people with a $19.03 trillion debt burden by 2023.  And according to the Congressional Budget Office, under current law our debt is scheduled to reach $19.94 trillion by that same year, a difference of $900 billion.  So right off the bat, half of Obama's claimed debt reduction turns out to be pure fiction.

Cell Phones Often Taxed More Heavily than Alcohol or Cigarettes.  Wireless consumers in the United States pay more than 17 percent in taxes and fees on average on their cell phone bills, including more than 11 percent in state and local charges, according to a new analysis by the Tax Foundation.  In Nebraska, the combined federal-state-local average rate is nearly 24.5 percent, and in six other states — Florida, Illinois, Missouri, New York, Rhode Island, and Washington — it exceeds 20 percent.

California 'Lumber Products Assessment' a tax by any other name.  The clowns who frequent Sacramento's seedy bars and whorehouses, otherwise known as the members of the California State Legislature, have pulled off another midnight raid deep into the pocketbooks of all Californians.  At least street thugs and bank robbers are a one-time occurrence; [...]

They pay less, so you pay more.
Understanding the Many Costs of Corporate Welfare.  Beneficiaries of the various special tax treatments and exceptions include owners of NASCAR speedways, companies in American Samoa, rum producers, businesses on Indian reservations, railroads, Hollywood moviemakers, and green-energy firms, including wind-power equipment producers. [...] Corporate welfare is a way for politicians to maintain the façade of a free economy while rewarding some activities and punishing others.

IRS knowingly sends Billions in Fraudulent Refunds to Illegal Immigrants.  A WTHR-TV Indianapolis investigative report exposes a fraudulent scheme wherein the IRS is sending $4.2 billion per year to illegal immigrants as an "additional child tax credit" for children who don't even live in the U.S.  Further, the IRS and Congress have been ignoring the scheme for years.

This Space for Rent.  The TurboTax business wouldn't even exist if Congress had not seen fit to enact a tax code too complicated for most people to navigate.

Senate overwhelmingly backs states' collection of online sales tax.  The Senate on Friday [3/22/2013] overwhelmingly approved an amendment empowering states to collect taxes for online sales, delivering a huge victory to lawmakers and stakeholders who have devoted more than two years to the effort.

House Dem calls for penny-a-gallon increase in the gas tax.  Rep. Peter DeFazio (D-Ore.) on Tuesday [3/19/2013] said Congress needs to pass legislation increasing the federal gasoline tax in order to pay for increased and ongoing demands on U.S. infrastructure.  DeFazio warned on the House floor that the federal highway trust fund will fall to zero by next year, and said the government is spending billions less on infrastructure each year, which is hurting job creation.

The Editor says...
If the government is "spending billions less on infrastructure," what happened to the trillion dollars of "stimulus" money spent in Obama's first term?

House Dem budget includes $1.2T in taxes, $200B new stimulus.  House Democrats on Monday unveiled a 2014 budget proposal that includes $1.2 trillion in new taxes and $200 billion in stimulus spending.  That's about twice the level of stimulus spending that what was in the Senate Democratic budget, which included $975 million in new taxes.

Senate Democrats Want Unnecessary $1.5 Trillion Tax Increase.  It has been nearly four years since the last time the Senate passed a budget.  In that time, it hasn't as much as proposed a budget.  That at long last changed yesterday when Senate Budget chairwoman Patty Murray (D-WA) released a budget plan for next year.  Now that the Democrats in control of the Senate have at least proposed a budget, passing it through the senior chamber will be the next challenge.  Doing so will be no small order.  It could be difficult because, to no one's surprise, Murray's budget includes a massive tax increase.  She wants to raise taxes by $1.5 trillion over the next 10 years.  She would do so by "closing loopholes."

Senate Democrats' Budget Hikes Spending 62%.  Federal spending this year will top out at $3.6 trillion.  At the start of the recession in 2007, federal spending was just $2.7 trillion.  Under the Democrat's plan, however, over the next ten years spending will rise sharply to $5.7 trillion, an increase of 62%.

Senate Democrats release first budget in four years, includes $1 trillion in tax increases.  The Senate on Wednesday [3/13/2013] presented its first budget in four years, a proposal by leaders of the Democrat-controlled chamber that calls for nearly $1 trillion in tax increases but includes no strategy to make federal revenue match spending in the coming years.  The plan calls for $975 billion in new tax revenue through closing loopholes and ending deductions and credits benefiting corporations and the country's highest wage earners.

Taxes are highest in states run by Democrats.
States With the Lowest and Highest Tax Burdens:  The average American paid 9.9% of their income on state and local taxes during 2010, according to data from The Tax Foundation.  The state of New York ranked highest, with residents paying 12.8% of their income on state and local taxes.  The lowest:  Alaska at 7.0%.

Dinner for twelve at the fancy hotel is nothing compared to the real cost.
Obama, Graham, McCain Dinner Leads to $600B Tax Hike Idea.  The price of Senators McCain and Graham attending an 'outreach dinner' with the president may wind up costing taxpayers $600 billion more in taxes.  And you thought the only price paid would be to their image.  While Rand Paul was working the Senate chamber in a 13 hour-long filibuster to ensure the American homeland would not be treated like a permanent battlefield, the two GOP Senators were noshing on some mega-caloric meal with President Obama.

Bicycles to Be Taxed for Causing Global Warming.  The triumph of moonbattery means that there is no longer any limit whatsoever to government greed or tyrannical absurdity.

Report: Facebook paid no income tax last year.  While most of country is getting hit with higher taxes, the social-media giant got a pass — and even got $429 million in refunds.

City hikes taxes on Sandy-hit houses.  Homeowners in an exclusive waterfront enclave in Brooklyn thought Hurricane Sandy was as cruel a blow as they could suffer — until the taxman proved them wrong.  The city is claiming that property values have actually shot up for many homes in Manhattan Beach and it's going ahead with hefty tax hikes for the houses devastated by the October superstorm, shocked property owners told The [New York] Post.

NY Times Notices Obama Tax Hikes Are Crushing Americans, Fails to Mention Obama.  This should be the first in a series.  Wait until these poor [people] start have to paying $20,000 a family to start for their free ObamaCare.  Still, curiously missing from this story is the name of the man responsible for this massive tax hike.

100 years of the income tax.  Sunday, February 3, is the 100th anniversary of the ratification of the Sixteenth Amendment, which makes it the one hundredth birthday of the income tax.  It has grown rather ill-tempered in its dotage.  Americans for Tax Reform commemorated the occasion by publishing a few fun facts about the income tax.  Among other interesting statistics, the initial top tax bracket was only 7 percent, and it didn't kick in until income reached a whopping $11.6 million in 2013 dollars.  Only 358,000 people had to fill out 1040 forms at first, because the standard family deduction was an adjusted $93,000.

The Income Tax at 100.  Today the federal tax system is a national disgrace:  4 million words, tens of thousands of special favors to rent-seeking individuals and companies, hopeless complexity.  It is contradictory, arbitrary, duplicative, and deeply injurious to the federal fisc, American democracy, and our place in the world.

Where Do Your Taxes Go?  The top one percent of taxpayers — those earning over $390,000 — pay the same amount in income taxes as the lowest 95 percent of Americans combined.  That top one percent also earns a huge portion of the nation's income, while the taxpayers in the lowest 95 percent each make less than $150,000, according to the Tax Foundation.  "Last year, Washington paid out more than $70 billion in refundable tax credits to individuals who either had no income tax liability or just a small one, so that's why people look at April 15 as pay day rather than tax day," said Scott Hodge, President of the Tax Foundation.

Fees, Taxes on Wireless Services Keep Climbing .  Growing almost as fast as the wireless communications industry are the fees and taxes paid by wireless phone users.  Even as revenue earned per wireless phone falls, taxes and fees climb.

Va. governor considers doing away with state gas tax.  Virginia could become the first state to eliminate its gasoline tax if the state legislature votes to adopt Gov. Bob McDonnell's alternative plan, which calls for raising the state sales tax and imposing additional vehicle registration fees in order to pay for roads throughout the state.

E-Filing and the Explosion in Tax-Return Fraud.  Tax-identity theft exploded to more than 1.1 million cases in 2011 from 51,700 in 2008.  The Treasury Inspector General for Tax Administration last summer reported discovering an additional 1.5 million potentially fraudulent 2011 tax refunds totaling in excess of $5.2 billion.

Obama Voters Furious About Tax Hikes.  Disillusioned Obama voters are waking up to face the reality that Obama didn't exempt them in his quest to steal money from all Americans to pay for his expanding government.  It turns out that those making $30,000 a year will pay more taxes than those making $500,000 because of the deal Obama pushed for after the fiscal cliff debacle.  Obama voters, the joke's on you.

Is It Still Possible to Get Out of Dodge?  The government does not want its citizens living overseas, nor do they want its citizens having assets overseas. [...] The US is the only country in the world (except for Eritrea) that has citizenship based taxation.  No matter where you live, and no matter where you draw your income, the US taxes it.  Every other country has residence based taxation — you are taxed only if you reside in the country or earn income in the country.

The truth about Obama's tax fake out.  Further out, this agreement will do almost nothing to slow the dangerous erosion of our nation's financial strength; projected ten-year deficits of $7.9 trillion will be whittled down by $650 billion as the wealthy, by the way, pay not "a little more," but quite a lot more.  On top of a hike in rates from 35% to 39.6%, the wealthy will also see deductions phased out, will be paying new surtaxes on investment income to fund ObamaCare and Medicare as well as higher rates on investment income.  In addition, several states, including California, have passed new taxes on those in the top income brackets.

Obama supporters shocked, angry at new tax increases.  With President Obama back in office and his life-saving "fiscal cliff" bill jammed through Congress, the new year has brought a surprising turn of events for his sycophantic supporters.  "What happened that my Social Security withholding's in my paycheck just went up?" a poster wrote on the liberal site DemocraticUnderground.com. [...] Shocker.  Democrats who supported the president's re-election just had NO idea that his steadfast pledge to raise taxes meant that he was really going to raise taxes.

Pelosi says upcoming fiscal deals should include greater tax increase.  House Minority Leader Nancy Pelosi said Sunday [1/6/2013] that recent tax increases are "not enough" to solve the country's fiscal problems and argued that additional hikes should be included in upcoming deficit-reduction deals.

Fiscal Cliff Deal: $1 In Spending Cuts For Every $41 In Tax Increases.  When Presidents Ronald Reagan and George H.W. Bush increased taxes in return for spending cuts — cuts that never ultimately came — they did so at ratios of 1:3 and 1:2.

Obama's idea of 'compromise':  What was McConnell thinking?  The fiscal cliff deal passed by the Senate contains $1 in spending cuts for every $41 in tax hikes.

Obama's Fiscal Cliff Victory Is Far Less Than Meets the Eye.  President Obama and his acolytes are gushing over his fiscal cliff victory.  But the glow isn't likely to last long, once everyone figures out that the tax hikes Obama wrangled from Republicans only made matters worse.

What You Could Buy with the Average Tax Increase.  What's $1,635 per year more in taxes for tens of millions of households?  That's just $136.25 taken from a family budget per month.  Like prudent mobsters, President Obama and Speaker Boehner are just skimming a little from your earnings to keep the nation from falling off that awful fiscal cliff.

The Progressive Income Tax.  Looking back on 1913, one can only be amazed at the incredible innocence of that generation of Americans.  When the Sixteenth (the progressive income tax) Amendment to the Constitution was formally ratified, the Congress responded by adding a seemingly quite inoffensive federal income tax rider to the Underwood Tariff Act.  The rider called for rates running up to a maximum of 7 percent on the last bracket of a $200,000-a-year income.  Although the principle of the income tax had been subject to a long controversy (it had been declared unconstitutional by the Supreme Court in 1894), the legislators took it lightly.

House Speaker Boehner Votes for Obama's Marxism.  Scottish economist Ramsay McCulloch said in 1845:  "The moment you abandon ... the cardinal principle of exacting from all individuals the same proportion of their income or their property, you are at sea without rudder or compass and there is no amount of injustice or folly you may not commit."

Cliff Deal Only Whets Obama's Appetite For More Taxes.  Anyone who thinks the fiscal cliff deal will end President Obama's soak-the-rich campaign isn't paying attention.  Even before the ink had dried on his $620 billion tax hike, Obama was talking up his desire for more.

The Republicans didn't compromise: they surrendered .  There are some hidden tax rises that affect almost everyone.  Rates on capital gains and dividends go up and a 2 percent payroll tax cut is due to expire.  According to the nonpartisan Tax Policy Center, the ending of the payroll reduction will raise taxes on 77.1 percent of households.  The average cost will be $1,635.

Give It to Me.  [Scroll down]  Internal Revenue Service data for 2010, as reported by the Tax Foundation, show America's top 1 percent of income earners receiving 18.9 percent of the nation's adjusted gross income and paying 37.4 percent of all federal income taxes — about double their share of total income.  Similarly, the top 5 percent of income earners received 33.8 percent of the nation's adjusted gross income in 2010 and paid well over half the total federal income tax bill — 59.1 percent.

The Multiplier Effect of Government Spending is 0.  If we want to tax for growth here is what we should do.  1. Eliminate deductions for the wealthy, but give them a flat tax, say around 17%.  No matter what they make on anything, they send in 17%.  Hauser's Law says no one pays more than 20% anyway.  2. Allow some deductions for the middle class and poor, but those deductions should be economically efficient.

Time to own the election, America.  Yes, America, you voted for higher taxes!  During his four-year campaign for re-election, the president never said a word about cutting spending.  He still doesn't plan any, even in the 11th hour of fractious debate over the "fiscal cliff".

Voluntary cooperation vs. violence.  No corporation or charity ever threatens you with violence if you don't buy their product, or contribute to their cause.  Only "The Violent Entity," The State, or what we inaccurately call "government," does that.  And it is only by colluding with politicians that corporations and other special interests gain the power to pick your pocket. [...] When The State uses violence against us, rather than protecting us from it, it ceases to be a government, and instead becomes a criminal gang.  That is where we are today.  We do not have a government.  We have a violent criminal gang.  Today is the day you must tell the criminal gang how much you earn, so they can steal their preferred amount.  You do not have a choice.  Do not file your taxes and you will eventually be subjected to violence.  You will lose your freedom, and everything you own.

An Overlooked Constant.  One of the constants in any analysis of income taxes paid in the United States since their inception in 1916 is the correlation between the top marginal rates and the taxes actually paid by the so-called wealthy.  Short of turning America into Stalin's police state and confiscating all the wealth of the "evil" one percent, the predictable behavior of this economic class very much revolves around the tax policies of the government, both state and federal.

What happens if we confiscate 100% of all the income for people who make more than $200K?  The IRS received 3,924,490 tax returns showing an income over $200K.  These returns represent a total income of $1.964 trillion!  That's a huge amount of money.  But it's still not enough.  The federal government is spending about double that this year.  Confiscating 100% of the income from those who made more than $200K funds the federal government for only about six months.

Italics in original.

Sen. Thune: Obama has an 'obsession with raising taxes'.  Republican South Dakota Sen. John Thune said President Obama seems to have an "obsession with raising taxes" as part of a deficit reduction deal between the White House and congressional leaders to avoid going over the fiscal cliff.  Thune, a member of the Senate Budget Committee, added that such a policy would only raise enough revenue to fund "about a week" of government spending.

The War on (Married) Women.  Here's how the marriage penalty works:  Mr. and Mrs. report a combined income to the IRS.  This pushes them into a higher tax bracket than they, or at least one of them, were in when they were single, so their taxes rise.  They are taxed on their joint income even when electing to report as "married filing separately."  Women are the ones who typically take the larger financial hit, since most married women are second earners — by choice, it should be noted.

IRS aims to clarify investment income tax under healthcare law.  The Internal Revenue Service has released new rules for investment income taxes on capital gains and dividends earned by high-income individuals that passed Congress as part of the 2010 healthcare reform law.

Tax and tell.  Illinois has a reputation for being an expensive and difficult place to do business, a big reason why the state has the ninth-highest unemployment rate in the country, higher than every state that borders it.

Gohmert: The True Meaning of 'Fair Share'.  Since he first took office in 2008, President Barack Obama has been relentless in his cry for all Americans to pay their "fair share" of taxes, without ever once giving the specifics of a tax plan that would truly create a "fair share" tax system.  Here's a novel idea:  let's take the President at his word.  Let's demand taxation fairness.  And nothing will better insure that everyone is paying his or her "fair share" than a flat tax.

California's Road to Perdition.  California was once the envy of everyone.  But this promised land is now being controlled by a super-majority of leftists, and the liberal, pro-union Democrats have only one answer to California's woes:  to raise taxes.

The Return Of The Tax-And-Spend Democrats To D.C.  President Obama promised to move the country forward, but his so-called deficit-cutting plan looks a lot like good old fashioned tax-and-spend liberal politics to us.

CNN: Time for a Gas Tax Hike.  Dishonestly portraying "some experts" as offering a new fix to the fiscal cliff, CNN explored the idea of hiking the federal gas tax because, author Steve Hargreaves says, the current 18.4 cents per gallon is "not enough."  "As lawmakers race to negotiate a deal to avoid the fiscal cliff," Hargreaves urgently reports, "some experts say one tax increase should be on the table: a gas tax hike."  The tax, which raises $32 billion a year, hasn't been raised since 1993, he tells us.

Liberal Democrats: Higher rates for wealthy 'just the beginning'.  The group says "low and moderate-income Americans are already contributing to deficit reduction," and that "progressive tax reform is the only way that wealthy Americans can share significantly in that sacrifice."

The Editor says...
Exactly the opposite is true.  The "low and moderate-income Americans" who expect taxpayers to make up for their shortfalls are the ones who are dragging the country down.  The budget deficit exists because of (unconstitutional) payments to individuals, many of whom pay no income tax.

White House: Obama 'Will Not Sign' a Deal Unless It Increases Taxes.  White House Press Secretary Jay Carney said today that no matter what else happens President Barack Obama — who is the only modern president other than Franklin Roosevelt to serve in four years when federal spending topped 24 percent of GDP — will not sign a deal to avoid the so-called fiscal cliff that will arrive at the end of this year unless that deal increases taxes.

Obama's 2009 stimulus chief says taxes and rules on junk food are coming.  Larry Summers, chair of the White House National Economic Council when the 2009 stimulus was developed, suggested that President Obama will eventually tax and regulate junk food to drive people to eat more healthily — although he dinged First Lady Michelle Obama's healthy foods initiative.

U.S. Carbon Tax to Shovel Dollars to U.N. Bureaucrats?  It appears there will be an international dining section for hogs at the carbon-tax trough.  Any new tax that promises hundreds of billions of dollars per year, as a carbon tax does, would bring out the special-interest hogs, and one of the interests likely to be fed by any federal carbon tax is the U.N.'s Green Climate Fund.

Obama Administration Gets Sued Over Carbon Tax E-mails.  President Obama's Treasury Department is facing a lawsuit for stonewalling a Freedom of Information Act (FOIA) request relating to a planned carbon tax on fossil fuels.  The Competitive Enterprise Institute (CEI), a watchdog group focused on energy and environmental regulations, filed suit Tuesday ]11/13/2012] in U.S. District Court in Washington, D.C., announcing in a press release that it expects Obama's congressional cronies to propose the tax in the upcoming lame-duck session.

More about so-called carbon taxes.

The Debate About Tax Rates:  The federal government consumed less than four percent of GDP in 1930, 9.8 percent in 1940, and 16.2 percent in 1948.  By 1965, the number had climbed to 25 percent of GDP, and it hit 30 percent in 2000.

You reap what you sow.  Democrats want to have their cake and eat it too.  I say, let them have their welfare state and let them pay for it too.  Raises taxes now, across the board, and let the Democrats start to accept responsibility for what they have wrought.  They have sown the wind; now it is time for them to reap the whirlwind.

Time for the Unthinkable: a Third-Party.  IRS statistics show that 50% of American citizens pay zero income taxes.  This has led to what is called, in economic parlance, "infinite demand for government services."  In other words, if services are free to large amounts of voters, they will want all they can get.  This is basic human nature.  So under our present tax system, 50% of the American voters want more government spending every election year.

A Declaration of Grievances.  [Scroll down]  As you might expect, after 1913, when the income tax was legally challenged, the Court "found" that it was an indirect tax, not a direct tax.  Shocker.  (And remember, for a little context, the tea tax was considered a direct tax since it was laid on a foodstuff!)  The most basic idea inherent in that of American taxation was that the federal government could basically tax only the states, who had to cough up the dough by their own means.  But the fed generally couldn't tax individuals.

35 St. Louis-area convenience store owners indicted following federal raids.  A federal grand jury has indicted 35 store owners on federal conspiracy charges for trafficking contraband cigarettes, distributing controlled substances and money laundering.  According to reports, the suspects conspired for more than 2 years to buy contraband cigarettes in St. Louis, a low tax market, while transporting and distributing them in Chicago, Illinois, and New Jersey, which are high tax markets. [...] The list of defendants include [sic]:
    Mohammed Almuttan, aka Abu Ali, 35, St. Louis, MO
    Rami Almuttan, aka Abu Louay, 33, St. Louis, MO
    Hisham Mutan, aka Abu Mohamed, 41, St. Louis, MO
    Saddam Mutan, aka Abu Ali, 24, St. Louis, MO
    Mazin Abdelsalam, aka Abu Mohammad, 38, St. Louis, MO
    Najeh Muhana, aka Abu Yazan, 41, Fairview, NJ
    Fares Muhana, aka Abu Yamama, 40, Cliffside Park, NJ
    Ayoub Qaiymah, aka Abu Faysal, 23, Richmond, VA
    Naser Abid, 23, Chicago, IL
    [...]

Why New York's high tobacco taxes cost the state billions.  Cigarette sales in New York have become a burning issue on many fronts recently, with anti-smoking tax policies costing the state and city billions in lost tax revenue.  A recent study found that more than 50 percent of the cigarettes consumed in New York are smuggled in — the nation's highest rate.  For 2015, the most recent reporting year, the state lost $1.63 billion because of untaxed sales, according to new figures released by analysts for the Tax Foundation and the Mackinac Center for Public Policy.

Cigarette tax revenue plunges as smokers buy outside New York.  Albany has really blown it — tax revenues from cigarettes are up in smoke.  New York state cigarette tax collections have plunged by about $400 million over the past five years, according to figures and estimates from the office of New York State Comptroller Thomas DiNapoli.  And New York has also lost $1.3 billion in uncollected state cigarette taxes each year from alternative sales, according to a separate study.

Durbin: Raise Cigarette Tax to Pay for More NIH Funding.  Senate Minority Whip Dick Durbin (D-Ill.) proposed raising the federal tax on tobacco products as a way to pay for additional National Institutes of Health (NIH) funding.  "Newt Gingrich can write all of the articles he wants in the New York Times about how we need this research.  The difficulty is to get the Republicans to the point of figuring out how to pay for it," Durbin said during a lecture at Georgetown University.  "I'm pretty forthcoming on this — tax and spend and so forth — I'm pretty forthcoming.  I would raise the federal tax on tobacco products — $1 a package and it would pay for half of the research I just talked about and discourage young people from using tobacco products.

The Editor says...
Nothing is going to "discourage young people from using tobacco products," if they are so inclined.  Public school indoctrination against cigarettes has been going on since at least 1965 — the same year warning labels were put on cigarette packages.  Most cigarette smokers are hopelessly addicted, and any further increase in taxes will just take money out of their pockets, because they're not going to stop smoking.  The "young people" will steal what they cannot afford to purchase.

The boom in smuggling to avoid cigarette taxes.  More than half of the cigarettes sold in New York State are smuggled in from other places to avoid the Empire State's taxes on smokes, which have soared nearly 200 percent since 2006, according to a report issued by the conservative Tax Foundation.  New York is the highest net importer of smuggled cigarettes — illegal smokes account for 56.9 percent of the state's total market.  New York's cigarettes tax is $4.35 per pack, the country's highest.

Illinois Cigarette Tax Increase Becomes a Fiscal Flop.  In May of 2012, state legislators approved a $1-per-pack increase on the price of cigarettes, nearly doubling the state's tax rate to $1.98 per pack, the 17th-highest state tax rate in the nation. [ ... But critics] noted the likelihood that consumers would try to avoid the tax by buying cigarettes out of state, where taxes are lower.

Obama budget includes 94-cent tax hike on cigarettes.  President Obama's budget plan would increase taxes by $580 billion over the next decade, but it relies on many proposals that have been repeatedly rejected by Congress.

Dig deeper for smokes in Cook County.  On the eve of a $1-per-pack Cook County cigarette tax increase, County Board President Toni Preckwinkle stood in the glow of X-rays showing damaged lungs, surrounded by some of Stroger Hospital's top pulmonary specialists as she discussed how smoking shortens people's lives.  The setting and talking points made clear the message Preckwinkle wanted to convey Thursday:  This is a public health problem, one she plans to fight by giving smokers an incentive to quit and teens a reason not to start.

'Prohibition by Price' Drives Cigarette Smuggling in New York, Elsewhere.  Cigarette taxes have been in the news lately, and not just because politicians keep raising them.  What's new is that state and local levies have grown so onerous in some parts of the country that they almost could be called "prohibition by price."  And like other forms of prohibition, this one has led to a spike in smuggling-related criminal activity as smokers turn to illicit distribution channels.

Those cigarette taxes are sure working out, eh?  [L]et's circle back and see how things are going in the states which have chosen to sin tax their way back to prosperity.  First, my own home stomping grounds of New York, which has been seeking a way to stave off total fiscal collapse by jacking up one of the highest tobacco tax rates in the nation.  How's that working out for ya?

Cigarette Tax Evasion Remains Rampant in New York.  The report found that in 2011, New Yorkers purchased 384 million packs of cigarettes from other states, Indian reservations, duty-free shops, and military bases.  If New York State tax had been collected on all of these purchases, it would have generated $1.67 billion in tax revenue.

This is an original compilation, Copyright © 2024 by Andrew K. Dart