Breaking News: Highlights Of GOP Tax Plan

GOP just released their tax plan and here are the main points:

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Another story of why the minimum wage is awful

An economic lesson is playing out in California.

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Bernie Sanders Social Security claim debunked

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photo courtesy theodysseyonline.com

JustFactsDaily.com addressed a GAO report requested by Democrat Presidential candidate Bernie Sanders.

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Minimum Wage Hikes Stifling Job Hiring

Several states and cities took on new minimum wage hikes in 2015 and the beginning of 2016. Now a new report out shows it is affecting hiring Continue reading →

Where the Federal Government Gets Tax Revenue From

Via Peter G. Peterson Foundation

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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.