Taxes

Higher Taxes Will Lead to New Spending

The fiscal cliff, a combination of automatic budget cuts and tax increases set to take effect at the beginning of 2013, has dominated the news since the 2012 Presidential election.  The effect of going off the cliff would be detrimental to the U.S. economy, potentially leading to a 3.6 percent decline in the gross domestic product.  These impending negative consequences have led to Congress and the president scrambling to strike a deal. 

Identity Fraud Hits Taxpayers in the Wallet

For many years, it has been clear that identity theft is a grave threat to the fiscal sovereignty of millions of Americans. For its victims, many of whom are saddled with the new and unwelcome full-time job of battling fraudulent credit card charges and mounting debt, normal life can seem a long way off. Even those who do everything right, from hiring lawyers to disputing each new charge, can be in for a long, painful battle. And while there is nothing good about identity theft, it is at least fortunate that the problem has historically been largely contained to the individual – until recently.

Wireless Taxes Continue Upward Trend

Wireless communications adoption has grown from 48.7 million subscribers in 1997 to 321.7 million subscribers in 2012. While the number of wireless consumers is on the rises, and a greater number are choosing to “cut the cord” on their landline connections, the state and local tax burden has also skyrocketed. Frequently seen as a quick way to increase revenues into state coffers, an October 29, 2012 report by Scott Mackey of KSE Partners shows that taxes on wireless consumers continue to rise at a steady pace.

Owe Back Taxes? Have Some More Cash

It has long been clear that, when monitoring the activities of the federal government, one must often suspend natural expectations for sanity and integrity. For example, anyone who fails to pay taxes should be last in line to collect benefits paid for by taxpayers. But if the results of four recent reports are any indication, tax deadbeats are raking in federal cash.

Undocumented Workers Receive Billions in Tax Credits

On July 7, 2011, the Department of the Treasury’s Inspector General for Tax Administration (TIGTA) issued a telling report. TIGTA found that unauthorized workers who are ineligible to obtain Social Security Numbers (SSNs), the vast majority of whom are illegal immigrants, were paid $4.2 billion in refundable tax credits in 2010.

Tobacco Excise Taxes Burn Down Federal Revenues

An April 2012 Government Accountability Office (GAO) report found that excise tax increases on certain tobacco products have resulted in dramatic shifts by manufacturers and consumers toward lower tax products. Specifically, the implementation of taxes on roll your own tobacco and small cigars have led to increases in production and consumption of pipe tobacco and large cigars. While the government has historically used tobacco taxes to raise revenue, GAO’s study revealed that these disparities in taxation instead decreased federal revenues.

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CAGW Names Sen. Kamala Harris August 2018 Porker of the Month

Sen. Harris is CAGW's Porker of the Month for for proposing an expensive and impractical taxpayer-funded rent subsidy.