News
CNN Money | Your tax bill: 107 days of work to pay off
Americans will spend an average of 29% of their income on federal, state and local taxes in 2012, the Tax Foundation announced Monday. That's more than the average family spends on food, clothing and housing combined, the organization said.
Econ Comments & Analysis
Washington Times | Biden: Tax the world
“We want to create what’s called a global minimum tax,” said Vice President Joseph R. Biden Jr. at a fundraiser in Iowa Wednesday. “American taxpayers shouldn’t be providing a larger subsidy for investing abroad than investing at home.”
CNN Money | Carlyle's David Rubenstein: U.S. tax system a 'disgrace'
"The tax system is a disgrace," said Rubenstein, speaking at the Council of Institutional Investors spring conference in Washington, D.C., on Monday. "When you have inequity in the system as we do now, it's not good for the country as a whole."
Washington Times | The farm bill taxpayers want
From 1995 to 2010, taxpayers provided nearly a quarter-trillion dollars in subsidies to farm businesses. Only one-third of America’s farmers grow crops that are even eligible for these subsidies, and the top 10 percent of these operations collected 74 percent of available funds.
Blogs
Tax Foundation | Monday Map: Tax Freedom Day by State
Today we released this year's annual Tax Freedom Day report - a calendar based look at the cost of government. 2012's National Tax Freedom Day arrives on April 17th, but we also calculate a separate Tax Freedom Day for each state.
