Another Tax Day has come and gone, and most Americans believe they pay too much. One recent poll revealed that 56 percent say they pay more than their fair share. Unfortunately, I fear this is just the beginning considering the insane level of debt Washington policymakers have accumulated over the years. With this in mind, […]
As just about every American adult knows and is dreading, Monday, April 15, is Tax Day. Each year, taxpayers scrounge together each income statement the government requires and any random receipt that may result in a modest deduction in the amount they’re expected to pay. The IRS wants taxpayers to know that if you made […]
After listening to President Joe Biden or looking at polls of the general public, you might come away thinking that this weekend’s federal income tax filing deadline is a holiday for America’s wealthiest residents. And, more to the point, you might be left with the impression that solving the country’s fiscal problems is as easy […]
There were many reasons I left New York a quarter of a century ago, and taxes were just one among them. But along with less-restrictive laws and improved scenery, my move to Arizona rewarded me with substantially less banditry by state and local authorities. Still, I’d like an even lower tax bill, and so would […]
In this week’s The Reason Roundtable, editors Matt Welch, Katherine Mangu-Ward, Nick Gillespie, and Peter Suderman consider President Joe Biden’s updated response to the war in Gaza following a strike by Israeli military forces that killed seven World Central Kitchen aid workers. And with tax day on the horizon, the editors reflect on how Biden’s […]
Liar, liar: Back in August 2022, when some of us were fresh-faced and naive, the Internal Revenue Service (IRS) assured us that their $80 billion infusion of cash (over the course of a decade, so they could hire some 87,000 new workers, including but not limited to men with guns) would actually be a means […]
Each year, Americans prepare for tax season by scrounging up any spare receipt that might qualify them for a marginal credit or deduction. Sometimes people misrepresent their actual tax obligations in order to qualify for a lower tax bill or a higher refund. They might do this either accidentally or on purpose—but due to the […]