March 24, 2018

Public Radio Admits: Trump Tax Cut Good for Middle, Low Income.

A story by Southern California Public Radio station KPCC last week appeared to admit that President Donald Trump’s $1.5 billion tax reform is best for middle and lower income households. During the months leading up to the tax cut, public radio and television railed away that Republican tax reform would be a massive giveaway to the […]

Why Income Taxes Are Immoral.

In our Jeffersonian conception of government, governments exist to secure our rights. Thus, we allow government the power to tax us to pay for the costs of protecting our rights and to have an orderly society. (Flickr) Nearly 2,500 years ago, Plato argued that poets, “with their words and phrases” were too dangerous and could […]

Feds Collect Record Income and Payroll Taxes Through March–Still Run $526,855,000,000 Deficit.

The federal government collected record amounts of both individual income taxes and payroll taxes through the first six months of fiscal 2017 (Oct. 1, 2016 through the end of March), according to the Monthly Treasury Statement. Through March, the federal government collected approximately $695,391,000,000 in individual income taxes. That is about $7,387,280,000 more than the […]

HA: Trump Paid A Higher Percentage of Income Tax Than Bernie Sanders (And Mitt Romney)

Well, at least we got some amusing news out of Tuesday night’s flop of a story from Rachel Maddow: Trump paid a higher percentage of his income in taxes in 2005 than Mitt Romney did in 2011 and Bernie Sanders did in 2014. In 2005, Trump paid 25 percent of his income in taxes, compared […]

If you hear a Bernie Sanders supporters complain about income inequality, show them this ASAP…

We’re all aware of the politics of envy on which Bernie Sanders is campaigning. You could probably make a drinking game based around when he uses the phrases “millionaires and billionaires,” “top one percent,” “Koch brothers,” or “greed.” The issue of income inequality is central to the politics of envy. Bernie commits a popular error […]

In 2015, 45 Percent Of Americans Will Pay No Federal Income Taxes

The number of individuals and married couples paying no federal income tax has risen to 45.3 percent — up five percentage points from the Tax Policy Center’s original estimate two years ago. The TPC forecasted in 2013 that the number of households not paying federal taxes would fall to 40.4 percent, crediting an improving economy […]