Blogs
Heritage Foundation | Congress Needs to Act Now on Taxmageddon
At that time, Taxmageddon was merely a blip on Washington’s radar, because the conventional wisdom was that Congress and the President would deal with it in the lame duck period after the November election. We argued then that this was a bad idea.
Economist | The capital exception
Governments have no problem taxing capital and capital income. For a sufficiently generous definition of capital taxes (including property tax, for instance), America collects about 8% of GDP in such levies, or about a third of all government revenue raised. Economists (most of them anyway) have long been adamant that the right tax on capital is no tax at all.
FOX Business | You Pay More in Taxes Than on Housing, Food and Clothing -- Combined
The nonpartisan Tax Foundation says that this year, U.S. citizens will pay more than $4 trillion in total federal, state and local taxes.
