• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • taxes

    A Little 'Happy' Song for Your Tax Day

    Does dividing business and personal expenses — and seeing how the government wasted your money — get you down? Whether or not you’ve heard Pharrell’s hit song “Happy,” you can appreciate this Tax Day parody by Reason’s Remy.

    Where Did Your Tax Money Go?

    It’s pretty unreal when you see it. Your 2013 tax dollars—which are due today—went primarily to pay for government benefits. Major entitlements (Medicare, Medicaid, and Social Security) gobbled up 49 percent, while more federal benefits took another 20 percent. These additional “income security” benefits include federal employee retirement and disability, … More

    Most Small Businesses Burdened by Costly Tax Preparation Process Support Tax Reform

    Small businesses are increasingly burdened with tax preparation costs, with a majority spending over a week per year on federal tax preparation and thousands of dollars on external accounting firms, according to the National Small Business Association’s (NSBA) 2014 Taxation Survey released last week. According to the report, “the current … More

    What No One Wants to Admit About Social Security Taxes

    It’s a bummer when you see how much income tax comes out of your paycheck. But when you see that Social Security line item, do you think, “At least that’s going to pay for my retirement”? It’s not. The tax money you’re paying into Social Security today is going to … More

    The Charts Obama Doesn't Want You to See

    Talking about Obamacare’s effects is one thing; seeing hard data is another. Heritage’s newly updated Obamacare in Pictures has 15 charts that show the law’s effects on Americans—from canceled insurance policies to new taxes, Medicare cuts, reduced choice for plans, and more. Here’s a quick look at just three of … 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

    3 Ways to Make April 15 Less Painful

    Yesterday you told us what you think Washington should be doing—and more than a few of you said dealing with our horrendous taxes. Representative Dave Camp (R-MI) rolled out a plan for tax reform yesterday that we hope will shift the conversation to something that would benefit all Americans. As … More

    Tax Reform at Last?

    Today, House Ways and Means Committee Chairman Dave Camp (R) of Michigan jumpstarts the tax reform debate. It’s about time. The tax code stables in Washington haven’t been cleaned out since 1986—more than a quarter century ago, when Ronald Reagan was President. Since then, year after year, the tax code … More

    Heritage’s Moore Urges Lawmakers to Embrace Winning Economic Messages

    Economic issues consistently rank as the most important problem facing Americans — and one of the biggest challenges in Washington. Today, House Republicans turned to Heritage’s chief economist for solutions on spending, welfare, energy, taxes, and Obamacare. Stephen Moore, who joined Heritage earlier this month from the Wall Street Journal, … More

    More New Taxes and Fees: How You’ll Pay for Obamacare in 2014

    Obamacare contains 18 specific tax hikes, mandates, or penalties that cost Americans money, and three new ones take effect in 2014. This is only the beginning—watch how two of these taxes get worse in the years to come. 1. Individual Mandate Tax. The individual mandate is designed to strong-arm individuals … More