Tag: Taxation

Hackers Stole Data from Whom? An Example of Media Bias »

This story’s headline reports, “Hackers Stole Data From More Than 100,000 Taxpayers, IRS Says.” The headline is wrong. Hackers stole data from the IRS, not from taxpayers. This is an example of the subtle kind of media bias that minimizes government shortcomings, in this case by pointing the finger at taxpayers. This particular headline…
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The Individual Mandate »

As most people know by now, the Individual Mandate is one of the key elements in the Affordable Care Act (ACA). The Supreme Court ruled in 2012 that the Individual Mandate is constitutional. Prior to that ruling, both proponents and opponents of the ACA agreed that it is essential enough that the ACA would…
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Tax Freedom Day, 2015 »

The Tax Foundation announces “Tax Freedom Day” every year to mark the date on which the average U.S. taxpayer has earned enough income to pay in full all federal, state and local taxes owed. The date this year is today, Friday, April 24, 2015. “Tax Freedom Day” is determined by taking the ratio of…
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Government Union Boss Apparently Equates Valuing Work with Taxpayer Shakedowns »

On the heels of the worst jobs report in over a year, Watchdog.org’s Jason Hart reports that Americans “are footing the bill for six-figure government union pay.” As Hart explains: Taxes siphoned by American Federation of State, County and Municipal Employees let the union pay its staff and officers an average of $103,623 last year….
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How Big Is Government in the United States? »

How big is government in the United States? The answer depends on the concept used to define its size. Although many such concepts are available, and several are used from time to time, by far the most common measure, especially in studies by economists, is total government spending (G) as a percentage of the…
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Florida’s Fiscal Policy: Responsible State Budgeting »

I’ve written a study for the Mercatus Center at George Mason University on Florida’s state government fiscal policy, which can be accessed here. The bottom line is that in an era of growing government and fiscal irresponsibility, Florida’s state government has a record of fiscal responsibility dating back two decades. Both state government expenditures…
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What Makes a Miserable Country? »

Venezuela is the world’s most miserable country, according to a team of researchers at Johns Hopkins University who have calculated a World Misery Index. “Misery” is measured as the sum of a country’s inflation rate, unemployment rate, and interest rate, minus the annual percentage change in real GDP per capita. The higher the total…
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It’s Called Recovery, but Where’s the Beef? »

Many economists and other analysts have recognized that the recovery from the U.S. economy’s most recent contraction has been unusually weak—weaker, for example, than any other since World War II. But analysts have disagreed in characterizing the current recovery, which according to the National Bureau of Economic Research, the semi-official arbiter of business-cycle chronology,…
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Medical-Device Excise Tax Kills Jobs, Obamacare Kills Much More »

The sweet smell of success for the medical-device industry is wafting over Capitol Hill. News from Senator Orrin Hatch (R-UT) is that the Senate will take up repeal of the medical-device excise tax. This is a tax of 2.3 percent on most medical devices that was passed as part of the Affordable Care Act…
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How Much Longer Can the U.S. Economy Bear the Burdens? »

Ordinary people, and sometimes experts as well, tend to overreact to short-term economic changes. The current economic malaise in the United States and Europe has brought forth a bevy of commentators convinced that this time the economy has taken a permanent turn for the worse. Never again, they declare, will we enjoy growing prosperity…
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  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org