Would ‘Very High Taxes’ Keep Unemployment Rates Low?
As Labor Day draws to a close, we wait for unemployment data and ponder: is there a correlation between unemployment rates and taxes?
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Death & Taxes: Elvis Presley Topped Charts And Tax Brackets
On this day in 1977, the world learned that Elvis Presley had died. A successful entertainer, Elvis made millions – and paid millions in taxes – during his lifetime. Even after death, Presley’s legacy – as well as his ability to make money – lives on.
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Did One Man’s Greed Drive Detroit Into Bankruptcy?
Detroit became the largest city in the United States to declare bankruptcy. Was it bad luck, bad management or something more? The story of Kwame Kilpatrick’s fall from political grace might offer some insight.
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Remembering The ‘Hot Dog Tax’ On National Hot Dog Day
It’s National Hot Dog Day! Here’s a brief look back at the hot dog tax, an expansion of the sales tax in New York under then Governor Rockefeller.
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Taxes & Independence: Happy Fourth Of July
Today, kids will decorate wagons with streamers and drag them down small-town streets while big marching bands play John Philip Sousa tunes. There will be floats and beauty queens with big smiles (and even bigger hair). Smells from cookouts and barbecues will fill neighborhoods as folks fire up the grill to make hotdogs, hamburgers, and…
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Marc Rich, Famous Fugitive & Alleged Tax Evader Pardoned By President Clinton, Dies
Marc Rich, one of the most famous white-collar criminals in recent memory, has died in Switzerland at age 78, as the result of a stroke. Rich became a millionaire before he turned 50 – but not without controversy. The college dropout (he never finished New York University) found a profitable market in trade. By the…
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Federal Gas Tax Passes Another Milestone: What Is The Future?
Happy birthday, federal gas tax! Yes, on this day in 1932, President Herbert Hoover signed the Revenue Act of 1932 authorizing the first federal gasoline tax. It was the first gas tax on a federal level but not the first gas tax in the country: all of the states at the time had their own…
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Never Forget: Celebrating Memorial Day
You’re probably firing up the grill later today. It is, of course, the unofficial first day of summer. But it’s also something more: Memorial Day. It’s the day to remember those men and women who made the ultimate sacrifice while serving our country: those who have died while in the military service. Even though the…
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As Many Celebrate 4/20, Feds Still Won’t Budge On Regulation & Taxation of Marijuana
Today is April 20 or 4/20. If I get a blank stare with that proclamation, then you’re among the millions of Americans who are outside of counterculture. You see, 420 is famously (or infamously, depending on who you ask) associated with the celebration of marijuana. While there are dozens of theories about how the date…
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As Squabbles Over Budget Continue, Annual White House Easter Egg Tradition Rolls On
My kids are minutes away from their annual Easter Egg Hunt. Set among the backdrop of rural North Carolina, it’s miles away – both literally and figuratively – from the White House Easter Egg Roll. Both are scheduled to go on this year, despite fears to the contrary. While there was no scandal at my…