The U.S. tax code either federal or state needs a major restructure. Continue reading →
Category / IRS
Donald Trump’s plan to make Mexico pay for a border wall is legit
Earlier this week GOP Presidential candidate Donald Trump talked of taxing money transfers(remittances) leaving the United States that are going to Mexico.
California teachers are using Indiana to hide a dirty little secret
Beginning of February, California teachers decided to take a stand for the environment.
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Social Security Administration Summed Up in One Picture
How to Invest the $1.3 Billion Powerball
Tomorrow night the $1.3 Billion Powerball drawing happens. If someone wins the jackpot outright and chooses the cash option
Hillary Clinton’s New Tax Proposal Defies Basic Economics
Hillary Clinton, successfully recovering from sniper fire in Bosnia, came out today at a Iowa campaign stop to announce a new tax plan
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U.S. Tax Dollars Going to Mosque with Terrorist Affiliation
In the intelligence circles of law enforcement many know N.A.I.T.(North American Islamic Trust) as the main financial backer for many terrorist groups
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Anonymous Donor Gives Government Millions of Dollars
IjReview.com is reporting an anonymous donor gave over
Where the Federal Government Gets Tax Revenue From
Via Peter G. Peterson Foundation
The federal government collects revenue from a variety of sources. The largest source is taxes on individuals’ income and payroll taxes, which together make up four-fifths of federal revenue. Individual income taxes are assessed against wage income and are progressive: that is, the tax rate someone pays increases as their income increases. Payroll taxes are a flat percentage of wage income. They are used to fund Social Security and portions of Medicare. Taxes on corporate profits, estate and gift taxes, excise taxes (a tax levied on a good or service), customs duties, and numerous other taxes comprise the remainder.
Pie Chart: How Taxpayers Fund U.S. Government
An article posted in November 2014 at TaxFoundation.org, gives a detailed analysis
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Hoosier Econ 