The Pew Research Center has released “A Barometer of Modern Morals: Sex, Drugs, and the 1040” . Here are the results of a poll of 745 people, with the percentages of people classifying each behavior as morally wrong: 85% Married People Having an Affair 79% Not Reporting All Income on Taxes 61% Drinking Alcohol Excessively 52% Having an Abortion
Interesting conclusion to an editorial in today’s Wall Street Journal: [T]he best thing gay activists could do for themselves at the federal level would be to support repeal of the death tax, since under current law gay couples often lack inheritance rights. That would accomplish more than anything that will emerge from this week’s political
Charles Adams , adjunct faculty of the Mises Institute, gives an interview of his outstanding book on the history of taxation. See it here . He is referring to his excellent book, For Good and Evil: The Impact of Taxes on the Course of Civilization (Expanded 2nd edition)
Senators Max Baucus (D-Mont.) and Charles Grassley (R-Iowa), incoming and outgoing Chairs of the Senate Finance Committee, yesterday introduced The Individual Alternative Minimum Tax Repeal Act of 2007 : Press Release Text of Bill Floor Statement of Sen. Baucus I hope this results of a real repeal of a tax and not another “soak the rich” scam.
TaxProf Blog reports that former Attorney General John Ashcroft joins the ranks of the law professorate on July 1, 2005 as Distinguished Professor of Law and Government at Regent University School of Law. From Regent’s press release : Former U.S. Attorney General John Ashcroft will serve Regent University in its new Center for Law and Justice
Todd Zywicki of The Volokh Conspiracy fingers tax liabilities as the #1 cause of bankruptcies: An interesting thing briefly suggested here is the extent to which tax problems force people into bankruptcy (usually, however, not because they just “forgot” to pay their taxes). There aren’t many good studies on this, but some have concluded that as
Joseph J. Thorndike (Director of Tax History Project and Contributing Editor, Tax Analysts) has published What You Don’t Know Can Hurt You, 107 Tax Notes 429 (Apr. 25, 2005) , which addresses tax withholding and the benefits of tax consciousness. In the article, he quotes Laurence M. Vance in his recent article on Mises.org. He also points out
H&R Block has a link for a free download of their software DeductionPro . While this is last year’s version, it supports 2005 taxes - once installed, an update is available. Hopefully it will help you find tax deductions you didn’t know
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