Tax Revenue Rose Five Times Faster Than Spending Fell in 2013
The monthly Treasury statement of the actual budget figures for 2013 this week shows tax revenue rising five times faster than spending fell in 2013…. Read More
SecurityNews
Immigration: Study on Taxes Leaves Out Costs of Amnesty
The Institute on Taxation and Economic Policy (ITEP) released a report today calculating “Undocumented Immigrants’ State and Local Tax Contributions.” It concludes that “the 11.2… Read More
Congressional Budget Office Looks at a Carbon Tax
The Congressional Budget Office (CBO) recently released its report on the impact of a carbon tax. (Disclaimer: I provided comments to the CBO on a… Read More
Quiet Before the Storm: CBO Reports $642 Billion Deficit in 2013
At $642 billion, the Congressional Budget Office (CBO) reports, the 2013 deficit will be lower by $200 billion than previously forecast. In February, the CBO… Read More
Budgets in Comparison: Will President Obama’s Budget Save the American Dream?
When the President’s budget comes out Wednesday, it will complete the last piece of the budget puzzle, as the House and Senate have each duly… Read More
The RSC Budget: A First Look
The Republican Study Committee (RSC) has proposed a budget that balances in just four years while holding tax revenue at near its historical average. It… Read More
The Income Tax Turns 100 Years Old
The federal income tax is now a centenarian. On February 3, 1913, the 16th amendment to the Constitution was ratified. The revenue the income tax… Read More
A Year Later, Keystone XL Still a Good Decision
After being sworn-in this weekend, President Obama will soon receive a second shot at approving the Keystone XL pipeline that will bring oil down from… Read More
Chart of the Year: Entitlements and Interest Drive the Fiscal Crisis
The end of 2012 was marked by lawmakers engaging in a distracting fiscal cliff debate over tax rates when the solution to the real fiscal… Read More
Powerball Jackpot Taxes: How Much Government Would They Pay For?
The two lucky winners of the Powerball jackpot are a part of Powerball history. Of course, the winnings are subject to federal taxes, making the… Read More
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