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IRS Threatens Symbolic Shutdown. Make It Real!

Posted on December 19, 2014


The IRS is considering its own temporary shutdown due to recent budget cuts enacted by Congress, its chief said Thursday. IRS Commissioner John Koskinen said furloughs — forced unpaid days off for employees as part of an IRS closure — is one idea reluctantly being tossed about to save money, though they are hoping they […]

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The ObamaCare Tax: Fooling the Rubes Once Again

Written by Robert Murphy on December 11, 2014

Near the end of his treatise on economics, Ludwig von Mises wrote: There is no means by which anyone can evade his personal responsibility. Whoever neglects to examine to the best of his abilities all the problems involved voluntarily surrenders his birthright to a self-appointed elite of supermen. In such vital matters blind reliance upon […]

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White House Stonewalls on Releasing IRS Files

Posted on December 4, 2014


Less than a week after ’fessing up that it found some 2,500 documents potentially showing that the IRS shared taxpayer returns with the White House, the Obama administration has reversed course and won’t release the trove to a group suing for access. In an abrupt decision, the Treasury inspector general’s office said that the documents […]

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Sales Taxes vs. Corporate Profits

Posted on December 3, 2014


By Mark Perry For every $100 in sales, the average discount retailer like Walmart and Target earns $3.10 in profits, while the average take for the states with state and local sales taxes is more than twice that amount — almost $7, based on the 6.94% average sales tax rate for the 46 states that […]

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The $5 Million Retired Cop

Written by Gary North on November 21, 2014


So, you think America’s local governments are not going to go bankrupt. Think again. When Bobby Deal retired from the Jacksonville Sheriff’s Office last month, he did so with the promise of a nest egg worth at least $4.9 million, a sum he’ll be paid over the next 25 years. Deal now earns nearly 50 […]

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Another Krugman Kontradition: New Taxes, Yes and No

Written by Robert Murphy on November 20, 2014

I coined the term “Krugman Kontradiction” to refer to the Nobel laureate’s tendency to lead his readers in one direction on an issue, then do a total about-face when circumstances make that convenient, while whipping up a new set of assumptions and emphases in his economic analysis so as to reconcile the switch. I’ve got […]

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Cap Taxes, Stop the Legislature — Georgians Said Yes

Posted on November 6, 2014


Tuesday — they don’t want to pay higher income taxes. Two state constitutional amendments were on Tuesday’s ballot and the Amendment 1 dealt with the rate of income tax. Georgia voters were asked whether the rate should be capped. By a ratio of nearly 3:1, the state’s voters gave a resounding yes to limiting the […]

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A Few Pastors Preach Partisan Politics, but IRS Stays Silent

Written by Gary North on November 4, 2014


Usually, pastors avoid political issues that do not directly affect churches. They do not want to split their churches. They want those tithes and offerings. The churches are in debt, and cash flow is a consideration. Besides, they know that Americans don’t like to be told what to do in church directly. They want only […]

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Hungarians Take to the Streets to Oppose Internet Tax

Written by Gary North on November 1, 2014


The centralizing, high-tax government of Hungary has backed down in its attempt to tax the Internet. It has a majority in Parliament, but the Prime Minister has called off the tax. This indicates that self-interest still rules in Hungary. People do not want the state to interfere with their access to the Internet. They perceive […]

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States With Low Business Taxes

Written by Gary North on October 28, 2014


Each year, the Tax Foundation rates states in terms of business taxes and personal taxes. If you want to start a business, where should you live? If you want to buy real estate as an investment, where should you live? If you want to live where your kids have a better shot at getting a […]

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