taxes

We Shouldn't Be Subsidizing Wind and Solar Energy

We Shouldn't Be Subsidizing Wind and Solar Energy I recently read an article by Katie Tubb from dailysignal.com that really made a good case for getting rid all of the subsides for wind and solar energy. Supporters argue they are necessary for a lot of reasons, such as business certainty, stimulating the economy, preserving jobs, combating global warming, competing internationally, and so forth.

But in reality, they actually hurt the very industries they’re supposed to help by reducing innovation and making U.S. companies less competitive at home and abroad. The truth is that a free market is far more likely to produce the growth and innovation that subsidy supporters claim to want. And yet each year, when Congress tries to extend, re-extend, or retroactively extend targeted tax credits for renewable energy, it hurts long-term innovation and growth.

The Truth About the Flat Tax Proposals

Reforming the tax code One of the themes of every presidential campaign seems to be reforming the tax code. After all, it is something that most people hate to deal with, so it’s a safe subject. Some candidates are again proposing a Flat Tax. It sounds simple and most people would love something less complex.

Then there are the candidates who don’t want to repeal the entire tax code, but blame its complexity on the graduated rates and unfair deductions. That’s not the problem either. The politicians and political pundits focus on rates in an effort to distract voters from the real argument or because they simply don’t understand the economics.

The trouble with a flat tax with one rate is that it would be harmful to most Americans.

IRS Warns Taxpayers to Guard Against New Tricks by Scam Artists; Losses Top $20 Million

Following the emergence of new variations of widespread tax scams, the Internal Revenue Service today issued another warning to taxpayers to remain on high alert and protect themselves against the ever-evolving array of deceitful tactics scammers use to trick people.

These schemes — which can occur over the phone, in e-mails or through letters with authentic looking letterhead — try to trick taxpayers into providing personal financial information or scare people into making a false tax payment that ends up with the criminal.

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How Much do You Weigh in Kilograms?

Kilogams or Pounds? Don't know? Well, if you lived in just about any country on the planet, you would know the answer immediately.

But if you live in the United States, It's probably calculator time right now. That's because what most people who live in the US don't realize that the US is one of the few countries in the world not using the metric system.

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