State tax revenue was up in 2020, but that’s not stopping Democrats from clamoring for billions of federal dollars in the $1.9 trillion COVID spending bill.
As the war on the rich continues to escalate on both coasts, it’s the middle-class residents of blue states that will be stuck with the tab.
The Vermont teacher who made Bernie Sanders’ mittens, featured in the viral meme, said she had to stop making them after the federal government taxed her too much.
On payroll taxes and protecting entitlement benefits for seniors, a look at their record shows that Democrats have little ground to stand on.
The Democrat proposal would give an average tax cut of $33,000 to the top 1 percent of income earners, says a Brookings Institution estimate.
While it’s amusing to watch 18-year-old Jojo learn the cold truth about taxes, his experience reminds us how much the government takes from our hard work.
American businesses need a tax code that provides the certainty and stability required by entrepreneurs and job creators to keep the economy strong.
The struggling stock market reveals a major flaw in Democrats’ tax plan that could become law if Joe Biden wins the presidency: Mark to Market taxation of capital gains.
Far from a naked handout to rich guys, the minor change under the stimulus package reduces taxes on business owners with the aim of making it easier to retain workers on payroll during this crisis.
New Census Bureau data shows millennials are increasingly trading in urban life for the suburbs and even switching states entirely.
Plenty of evidence has shown there are more effective ways to help the poor climb up the economic ladder, including cutting taxes, widening school choice, and eliminating ruinous regulations.
While this may come as a shock to Warren and the media, philanthropy filtered through her plans isn’t philanthropy at all — it’s a political power grab.
Sen. Elizabeth Warren’s plan itself says if taxing ‘the rich’ and corporations shrinks the economy then she will have a multi-trillion-dollar hole in her estimates.
The most recent CBO data shows that the wealthiest 1 percent pay an average effective rate of 33.3 percent in federal taxes, while the bottom 20 percent pay just 1.7 percent.
Why would the state have been so enthusiastic to exempt menstrual products while keeping the same rate for all other hygiene products, except as a political stunt?
Warren’s wealth tax includes the flaw of many of the left’s grand plans in that it presumes no negative consequences will follow — but of course they will.
Warren, a Harvard law professor, understands the difference between direct taxes and indirect taxes, but she’s counting on the people not to pay attention.
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