Numerous polls over the years have identified the property tax as one of the most hated taxes—if not the most hated tax—in America. Ironically, something cities and counties across the country have enacted to reduce property taxes actually drives them higher.
Americans recently celebrated Independence Day—the day the Continental Congress formally adopted the Declaration of Independence and announced the 13 American colonies regarded themselves as sovereign states no longer part of the British Empire and subject to its rules and taxes.
Debt is an issue that affects countries all over the world. Almost all countries are in debt as their governments take loans to cover for variations in their tax receipts. Yet while many developed countries such as Greece and Ireland are increasingly facing debt crises of their own, the effect of such debt is not nearly as crippling as it is for developing nations.
The Declaration of Independence, proclaimed by members of the Continental Congress on July 4, 1776, is the founding document of the American experiment in free government. What is too often forgotten is that what the Founding Fathers argued against in the Declaration was the heavy and intrusive hand of big government.
Alexander Hamilton was America’s first Secretary of Treasury under President George Washington. When he first entered office in 1789, America was an agricultural nation of just 4 million still broke[…]
Regulations have a way of growing like weeds: unless they are rooted out, they spread. Regulatory compliance has always been a headache for small business owners who do not enjoy the cozy relationships with big government that large corporations often develop. In fact, they are frequently ignored by legislators both in Washington and in the states. John Lieber, chief economist of Thumbtack, recently joined Heartland’s own Steve Stanek for a talk on the business climate in America today. Thumbtack is an online marketplace that brings together service providers and consumers who can negotiate and organize jobs.
Heartland’s Steve Stanek talks with Erin Shannon, director of the Center for Small Business at the Washington Policy Center, about Seattle’s recent minimum wage increase. The Seattle City Council unanimously[…]
There’s an interesting phenomenon playing out in both New Jersey and Ohio: Two of the country’s most prominent conservative Republican governors have proposed new taxes of a sort that haven’t appealed even to traditionally liberal, tax-hungry state legislatures in states like Massachusetts and Washington.
A judge in Sangamon County Circuit Court has blocked a modest reform of Illinois’ pension system for state workers and retirees outside Chicago from taking effect June 1, giving Gov. Pat “Four Counties” Quinn the excuse he’s probably been looking for to block reforms for two of Chicago’s pension plans. (I’ll explain “Four Counties” in a moment.)
With more than $155 billion in debt and a projected annual deficit $3 billion in 2015, Illinois has certainly proven it can spend like Nero. Now Chicago is inviting the state to allow it to turn to increasingly more discriminatory and greater confiscatory heights of tax on mobile broadband.
The collecting of taxes is always a sticky subject for proponents of the free market to address. This is due to their natural tendency to spurn taxes in general. Yet, if change to the current unfair, prosperity-stifling tax regime is to occur, we need to offer a meaningful solution beyond the simple call to reduce taxes and spending (appealing as they might be). One solution that might go a long way toward improving how the government collects taxes is the Automated Payment Transaction Tax (APT tax).
Listening to President Obama respond on May 21 to the latest scandal regarding something about which he knew and did nothing—the mess at the Veterans Administration—was such a familiar event that[…]
Few French economists have achieved the kind of adulation Thomas Piketty has experienced recently from the media and the left. Within the context of the American political scene, Piketty’s dour predictions for the future of capitalism and his call for a “utopian” global wealth tax fit perfectly with the left’s frame of an inequality message.
Coming thirteen days after state and federal income tax returns were initially due, Tax Freedom Day, according to the Illinois Policy Institute’s Senior Budget and Tax Policy Analyst Benjamin VanMetre, marks the point in the year when Illinoisans have worked long and hard enough in the aggregate to cover their share of state, federal and local taxes “and can start keeping their hard-earned money.” About a third of Illinois residents’ efforts this year – 118 days’ worth out of the calendar year’s 365, in other words – went just to paying taxes.