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By Jim Fontano on April 20th, 2010

No Free Lunch But Let's Have a Tea Party
With tomorrow being tax day, April 15th, you have probably heard a
lot of social and political chatter about tax reform and our need
for an "equitable" tax system. Politicians and the mainstream media
have seriously misrepresented this issue. Many folks have come to
believe certain things about the burden of taxes in this country
[...]

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By Jim Fontano on July 18th, 2010

Who Pays America's Tax Burden, and Who Gets the Most Government Spending?

by Scott A. Hodge, Gerald Prante and Andrew Chamberlain March 26, 2007
Executive Summary: While many studies answer the question of who pays
taxes in America, the question of who gets the most government spending
is often overlooked. Just as some Americans bear a larger portion of
the nation's tax burden than others, some Americans [...]
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By Jim Fontano on July 18th, 2010

The Top 50% pay 96.54% of All Income Taxes

(The top 1% pay more than a third: 34.27%) This is the data for
calendar year 2003 just released in October 2005 by the Internal
Revenue Service. The share of total income taxes paid by the top 1% of
wage earners rose to 34.27% from 33.71% in 2002. Their income share
(not just wages) rose [...]
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By Jim Fontano on April 13th, 2010

Several states plan to delay payments of tax refunds

If you're due a state tax refund this year, you should probably prepare
to wait awhile for that check to arrive. Four cash-strapped states,
including Alabama, Hawaii, New York and North Carolina are planning to
delay refund payments this year in order to cover budgetary shortfalls.
And it's possible that more states may follow suit, [...]
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By Jim Fontano on April 13th, 2010

IRS: Beware of these `dirty dozen' tax scams

I am amazed how reports like this come out every year just prior to the
tax deadline. They attempt to scare people into doing the "right thing"
when filing... and then they ask you to rat out a neighbor who you
think might be cheating.
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