President-Elect Barack Obama ignited a firestorm of controversy during the final days of the 2008 campaign with his now infamous comments about “spreading the wealth around”. In follow-up interviews, then Senator Obama made it clear that he believes the tax code should be used not only as a means of raising revenue, but also [...]
Every few years a proposal is put forward to abolish the Internal Revenue Service, or to scrap the entire federal tax code and start from scratch. The plans that have received the most consideration in recent memory were the Flat Tax proposal put forth by Steve Forbes, and more recently, the Fair Tax, which was [...]
When it comes to tax policy, both of our major parties are guilty of manipulating the facts to suit their political purposes. With every election cycle, new promises are made regarding tax breaks designed to appeal to specific voting blocs or to reward favored industries. Both sides resort to hyperbolic claims that intentionally distort the [...]