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IncomeTax
Opinion: Tax Bad Choices, Not Necessities
By Michael Medved - AOL News(July 12) -- With government at every level desperately seeking more revenue to cope with soaring deficits, citizens should evaluate all tax proposals according to two crucial principles: It's better to tax choices than necessities, and bad choices deserve taxation more than good choices. For one thing, these distinctions will help resolve raging debates over efforts to impose new costs on sugary soda, bottled water, candy, tanning salons and other indulgences. Of course, tea party supporters and other conservatives are right to resist all governmental attempts to spend more money, and to ...
U.K.'s Coalition Government: A Happy Marriage? (And Can It Last?)
By Delia Lloyd - Politics DailyThe United Kingdom has a coalition government for the first time in 70 years. But will this marriage of convenience last? The historic British elections, which -- after five days of intense wrangling -- finally yielded a new coalition government under the leadership of David Cameron on Tuesday night, has already unleashed a torrent of analysis and commentary. Some of it has been hopeful, some of it cautious, and some of it downright negative. ...
Readers Respond: School Lunches, Taxes and Civics
By not in system - AOL News(April 15) -- Editor's note: Below is a sampling of reader feedback we received to op-eds published on AOL News over the past week. The comments have been edited for length and clarity. What's Wrong With School Lunches? by Laura Vanderkam I just wanted to say "thank you" for your article. People love to complain about school lunches, but they don't know anything about the regulations we have to keep. I have worked in school food service for about eight years. Every year the regulations and requirements increase. It is sometimes hard to understand, so the people who don't deal with it on a ...
Tax Complexity By the Numbers
By John Merline - AOL News(April 12) -- Everyone knows paying taxes is complicated business, but getting a clear measure of just how complicated it's become in recent years is a little more difficult. Thankfully, the IRS has since 1988 attempted to calculate how long it will take the average taxpayer to fill out form 1040, and it prints the results right in the instruction book -- as part of the ironically named Paperwork Reduction Act. The IRS also keeps copies of old 1040 instruction books online at http://apps.irs.gov/pub/irs-prior/ so you can compare and contrast. What does this show? For 1988, completing the ...
Opinion: A Tax Rebellion Is Brewing
By not in system - AOL News(March 15) -- In one month, millions of Americans will be scrambling to file their federal income tax returns. Many will once again be reminded that no other public policy so reinforces a perception of self-dealing, unfairness and incompetence as the corrupted federal income tax code. Bloated beyond decipherability at 67,500 pages of regulations, the income tax system is driven by personal power, lobby profits and, through tax inducements and penalties, a changing menu of citizen and business manipulation. The tax code is so complicated that both the secretary of the treasury and the ...
Do the Rich Pay Their Fair Share of Taxes?
By John Merline - AOL News(Feb. 3) – The Obama administration says its proposed budget would repeal Bush-era tax cuts on wealthy families and offer tax cuts to working families, as part of its effort "to restore balance to the tax code." While the tax code certainly is out of balance, it's not in the way most people probably think. Today, the richest 1 percent in America account for 23 percent of all the income in the country. But they pay an eye-popping 40.4 percent of all federal income taxes. If you go down the scale a bit, you find that the richest 10 percent earn slightly less than half of all the income in ...
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