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    2014 Tax Day Chart: Who Pays the Most?

    Which taxpayers experience the greatest tax burden—and who pays the most in taxes? As Americans navigated the labyrinthine tax code this Tax Day, many taxpayers were hit with the President’s myriad tax increases that have contributed to the country’s quickly recovering revenues. Despite calls for more taxes on the rich, … More

    Tax Refunds Cause for Concern, Not Celebration

    Tax Day, April 15, is fast approaching. Americans’ general dislike or sometimes outright disgust toward paying taxes is typically cushioned by the widespread receipt of “tax refunds.” Receiving a refund, however, does not mean that individual or family pays no taxes. Rather, refunds are the result of federal withholding tables … More

    Baucus Heads Wrong Way on Important Part of Tax Reform — Again

    Chairman of the Senate Finance Committee Max Baucus (D–MT) continues to release draft proposals on important parts of tax reform. His latest draft proposal is a deeply troubling plan. Baucus proposes to change the way businesses deduct the cost of their capital expenses—things such as machinery, equipment, structures, property, and … More

    Animated Squirrels, Prunes, and Doggie Hair Gel: Your Tax Dollars at Work

    The federal government has spent more than $3 billion over the past 35 years to help multinational agriculture businesses with their overseas marketing. Taxpayers pay about $200 million per year to fund these business activities, which companies could do on their own. Apparently, at least to most House Members, the … More

    Internet Sales Tax Hits Fastest-Growing Industries

    The Marketplace Fairness Act, also known as the Internet sales tax, would burden the fastest-growing industries in the United States with a tidal wave of new regulations, which is bad news for American consumers and entrepreneurs. It would slam these businesses with regulations because it would allow states to require … More

    Internet Sales Tax: Here Come the Auditors

    Internet sales tax legislation could subject small online businesses to up to 46 state audits. And since sales taxes vary among thousands of tax jurisdictions across the country, the chances that auditors will find mistakes—and slap the business owners with penalties—are very good. If truth-in-advertising requirements applied to legislation, says … More

    Senator Reid’s New Tax on Guns

    Senate Majority Leader Harry Reid (D-NV) wants to tax your gun rights. His new legislation charges you a fee that is in essence a federal tax on selling or giving away your firearm, and he lets Attorney General Eric Holder decide how big that tax will be. Senate Democrats Charles … More

    Fiscal Cliff: Decoupling Conservatives from Their Core Principles

    There are many ways to surrender—and some congressional Republicans seem bent on exploring them all. In the debate over the fiscal cliff, the President’s position is simple: The Republicans must capitulate on income tax rate hikes, and all other serious issues are not up for discussion. Never mind that Obama … More

    Fiscal Cliff: Is Heritage Inconsistent?

    Menzie Chinn took to the blog Econbrowser last Thursday to accuse conservative economists in general – and The Heritage Foundation in particular – of being inconsistent, since we did not share his optimism about the benefits of the 2009 stimulus, but we’ve warned of the danger of the fiscal cliff. … More

    Some Obamacare Legal Challenges Are Alive and Well

    On Monday, the U.S. Supreme Court, in granting a petition for rehearing in Liberty University v. Geitner, vacated the U.S. Fourth Circuit’s prior dismissal of Liberty’s challenge to Obamacare and directed the Fourth Circuit to reconsider its decision in light of the Supreme Court’s recent decision in NFIB v. Sebelius … More