Taxation

Winning an Olympic Medal Can Be a Taxing Experience

by
Although the 2014 Winter Olympics in Sochi have ended, some U.S. athletes will be reminded of their participation come tax time next year. Twenty-eight American athletes won an Olympic medal in the Sochi games (9 gold, 7 silver, and 12 bronze). Their margin of victory in many events was only a few seconds or points. But for most of ... [click for more]

TGIF: Lysander Spooner on the National Debt

by
Treasury Secretary Jack Lew says if Congress doesn’t raise the debt ceiling — or, as I call it, the debt sky, because apparently the sky is the limit — the government won’t be able to pay all its bills starting October 17. The Congressional Budget Office says that dire condition won’t set in until sometime ... [click for more]

The Sordid History of IRS Political Abuse

by
The power to tax has long conferred the power to destroy one’s political opponents. When the latest IRS politicization scandal erupted in May, many commentators talked as if the abuses were a novelty in American history. But, as David Burnham noted in his masterful 1990 book, A Law Unto Itself: The IRS and the Abuse of Power, “In almost ... [click for more]

FFF Webinar: The Income Tax (audio)

by
On June 19, 2013, FFF vice president and editor Sheldon Richman hosted a free, interactive online webinar entitled “The Income Tax." The webinar was an interactive experience with Sheldon and particiapants. Download the audio. Subscribe to FFF Podcasts. [click for more]

Will the Rich Stick Around to Be Soaked?

by
On December 8, the website Breitbart heralded, “Despite Tax Increase, California State Revenues in Freefall.” In the November state elections, a successful Proposition 30 imposed a 13.3 percent tax rate on income over $1,000,000 — an increase of 29.13 percent and the highest state tax rate in the nation. The predicted tax revenue was hailed as a way to ... [click for more]

Abolish the IRS — and the Income Tax with It

by
The Internal Revenue Service has been caught engaging in political profiling while processing applications for tax-exempt status. In this case it was against organizations with “tea-party” or “patriot ” in their names and other right-wing groups. Next time it could be libertarian or left-wing antiwar and pro-civil-liberties groups. No dissenter can ever rest assured he is safe from the  [click for more]

All Taxation Is Theft

by
When it comes to governments the world over, bad economic policies usually beget more bad economic policies. That is especially true when it comes to taxes. The eyes not just of Europe but of the world were on Cyprus recently when, as part of a proposed bailout package, ordinary bank depositors were to be taxed to pay part ... [click for more]

California: Remember the Taxes You Didn’t Owe? Surprise!

by
California cannot chase business away fast enough, it seems: high taxes, cap-and-trade, voracious unions, bankrupt cities, and now retroactive taxation. Shortly before the Christmas holidays and oh so quietly, the California Franchise Tax Board (FTB) rescinded a tax break that dated back to 1993. The Qualified Small Business Stock (QSBS) exclusion allowed small businesses and investors who met certain conditions ... [click for more]

Tax-Raising Insanity

by
It’s an overused expression, but the fact remains that doing the same thing over and over again while expecting different results truly is insanity. The amount of trust people put in “public servants” is one such example. Even worse is the public’s continued willingness to grant politicians and bureaucrats the means by which our own impoverishment is furthered. I’m speaking ... [click for more]

Should More People Pay Taxes?

by
Should people pay more taxes or should more people pay taxes? Liberals and Democrats usually opt for the former while conservatives and Republicans generally prefer the latter. Libertarians not only don’t take sides, they reject both propositions. While campaigning for president, on September 12, 2008, in Dover, New Hampshire, Sen. Barack Obama of Illinois said in a speech, And I can ... [click for more]
Page 1 of 1012345...10...Last »