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    USA Today Misses the Point of Tea Party Protesters

    Two days after Tax Day, April 17, USA Today ran an editorial—Tax rhetoric vs. realtiy—that said the Tea Party protesters had nothing to be mad at because taxes are not that high. Here is snippet: Quick now: How big a bite do federal income taxes take out of the average … More

    Morning Bell: The End of Federalism

    Addressing Congress on the State of the Union, President Ronald Reagan told the American people in 1982: Our citizens feel they’ve lost control of even the most basic decisions made about the essential services of government, such as schools, welfare, roads, and even garbage collection. And they’re right. A maze … More

    The Tax Punisher

    President Obama’s new corporate tax proposals cover two issues: tax evasion and tax punishment. He may have it half right. The tax evasion part is relatively easy. When U.S. taxpayers maintain foreign accounts with foreign financial institutions, Obama wants the financial institution to tell the Treasury about the accounts in … More

    100 Days With a Hole In Your Pocket

    It Must Grow on Trees The Stimulus Bill: In his first 100 days, President Obama signed a $787 billion “stimulus” bill that with interest totals $1.1 trillion in new spending. At no time during these 100 days did anyone on Capitol Hill read the entire bill, despite its rapid of … More

    It's So Expensive Being Green

    [youtube]http://www.youtube.com/watch?v=DbCI68eSNsA[/youtube] To celebrate Earth Day, here is Kermit the Frog singing his standard “It’s Not Easy Being Green.” Sing along with the updated 2009 lyrics below. It’s so expensive being green, Having to pay for all the things big government needs, When I think it could be nicer not being taxed, for energy, … More

    Obama’s Tax Claims Contradict Reality

    President Obama marked Tax Day with a speech touting his tax policies. He made several claims about how his policies will improve the economy, most of which don’t hold up under close scrutiny. Here are a few of the more egregious examples: President Obama claimed the tax cuts in the … More

    Morning Bell: Big Government Backlash Brewing

    3,000 in Hartford, CT. 8,000 in Madison, WI. 2,000 in Jacksonville, FL. 2,500 in Boise, ID. 5,000 in Sacramento, CA. And many, many more. If turnout is your metric for success, then the nation wide Tea Party protests held yesterday were wildly successful. Establishment left organizations like the Center for American … More

    U.S. Tax Code, Bernie Madoff Style

    From Monday’s Wall Street Journal:  If you thought Bernard Madoff’s Ponzi scheme was bad, wait until you hear about the inverted pyramid scheme the federal government is working on. While Mr. Madoff preyed on people who trusted him with their money, the federal government has everyone’s money, and the implications … More

    Double Standards Taxing IRS Agents

    Normally we’d be happy that IRS employees were feeling a bit frustrated. But this time we think they have every justification to be upset. The Chicago Tribune reports: The Treasury secretary, who oversees the IRS, didn’t pay all his taxes. Neither did five other top nominees for the Obama administration, … More

    Everyday is Tax Day

    Congratulations! You made it! Tax day is finally here and you are free from filing your income tax returns for another year. Celebration is in order just for navigating the labyrinth that is the federal income tax code. While you celebrate finally being done with the arduous task of filing … More