I had to laugh when I watched the current “tax reform” bill pass the House of Representatives for the second time. Only in our beloved Congress could weย pass a tax bill somewhere in the amount of $1.5 trillion dollars in deficit spending...
In June 2016, the Philadelphia City Council passed a 1.5-cents-per-ounce tax on sugar-added and artificially sweetened soft drinks. Effectively, their action added 18 cents to the cost of a can of soda, $1.08 to a six-pack, and $1.02 to a two-liter...
How many times in the past year or two have we heard the phrase, soak the rich, in reference to government taxation and spending? For two years I had the privilege of studying under the late Professor Richard A. Musgrave.ย During that time, he was...
Is the move to a simple tax filing really beneficial to the average taxpayer or is it another example of how the little guy is getting taken for a ride again by the federal government? Our tax code is huge and complex. It runs over 90,000 pages. It...
Yes it is. And, guess what, the filing of your Federal return is getting longer and more complicated. The income tax code and its associated regulations contain almost 5.6 million words, seven times as many words as the Bible. Taxpayers now spend...
Every year about this time most of us look forward to spending some quality time with a pile of tax forms and instructions. The length of the federal income tax code itself has been the topic of many discussions. The income tax code and its...
