income tax

It is quite rich for the previous administration to try now to take credit for an economic recovery Americans can finally feel after years of Obama and Biden declaring a “Recovery Summer” that never came.

Nobody likes paying taxes.

About to end is the August recess Congress so richly earned with their great first-half-of-the-year work repealing Obamacare and other long-promised, Republican-control-of-Washington-contingent agenda items.

The stakes could not be higher, for President Trump, the Republicans, and America.

With the highest top marginal tax rate in the developed world, if not the entire world, at nearly 40%, counting state corporate taxes on average, this U.S. taxation is very burdensome.

Leftism is such an easy soundbite sell. It’s a gaggle of five-second one-liners that seem to make perfect sense – right up until someone applies actual thought to any of them.

In what turned out to be perfect timing, tax expert, Heartland Institute Policy Advisor, and author Daniel J. Pilla was the featured speaker on April 27 at the Heartland Institute on the same day Treasury Secretary Steven Mnuchin and National Economic Council Director Gary Cohn were sent out by President Trump to reveal his tax plan at a White House press conference briefing

While President-Elect Donald Trump was blazing a new electoral trail for Republicans, few noticed that Speaker Paul Ryan was organizing his House Republican majority to blaze new policy trails.

Many state governments facing budget crises are still trying outdated, proven-failed policy ideas such as higher taxes and increased government spending, hoping they’ll work this time, somehow. Instead, they should copy tried-and-true ideas for successfully attracting residents and fostering an economic environment in which people can prosper.

In this edition of The Heartland Daily Podcast, managing editor Jesse Hathaway is joined by Tax Foundation policy analyst Jared Walczak. Walczak joins Hathaway to discuss the results of the 12th annual State Business Tax Climate Index report – A state-by-state, apples-to-apples comparison of states’ tax systems, the Climate Index helps Index helps lawmakers and taxpayers gauge how their states’ tax systems stack up against those in other states. Instead of just showing how much taxes each states collect from taxpayers, the Climate Index shows how well states’ tax collection systems are designed.

April 15th is the day that every American is expected to have filed their federal income tax form. Some of us may have done it long before the deadline, some of us will wait until just before the stroke of midnight on April 15th, and some of us may be filing for extensions to defer the actual submission of the full set of income tax-related documents.

Gov. Bill Haslam proposes to expand Tennessee’s Medicaid program under the Affordable Care Act. The governor’s heart may be in the right place, and he may have persuaded himself that it’s better to accept federal funding for the expansion than leave it on the table, but Tennessee’s legislators and citizens shouldn’t make the same mistake.

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).