Two-thirds of Canadians say they believe the amount of income tax they pay is too high, while over half of Canadians say government spending is too high, according to an Ipsos poll. “Beyond results on views of spending levels and the degree of accountability and transparency in spending practices displayed by the federal government, this study…
Majority of Canadians Say Taxes, Government Spending Are Too High, Poll Finds
This American City Taxes High-Income Earners the Most: Report
Portland, Oregon, is the least favorable city for high-income individuals with regard to tax rates, while cities such as New York, Honolulu, and San Francisco have the lowest purchasing power for those making $250,000. A June 1 report by consumer-focused financial information provider SmartAsset looked at how far $250,000 per year of income is worth…
Income Tax Cuts Expected as Quebec Finance Minister to Table Budget Today
Quebec Finance Minister Eric Girard is scheduled to table the first budget of the Coalition Avenir Québec’s second mandate this afternoon. Girard broke with tradition on Monday—instead of buying new shoes ahead of the budget, he announced a $5,000 donation to a Quebec City community centre. He said today’s budget will also include $50 million…
Death Taxes Are Immoral—Even Worse, They Don’t Work
Commentary “I have no respect for the passion of equality,” Oliver Wendell Holmes Jr., one of America’s great jurists, once declared, “which seems to me merely idealizing envy.” But envy, and its sister vice, greed, are very much back in fashion today when it comes to the progressive Left. Just listen to President Joe Biden,…
Economist: ‘Revolution’ in States’ Tax Cuts
March 7, 2023
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West Virginia’s governor is expected to sign a bill that passed the state House this weekend. According to the Wall Street Journal, the bill would cut income tax rates by about 21 percent altogether. In Utah, the state legislature approved a $400 million tax cut package. Axios reports, if Utah’s governor signs it, it could save a…
Canada Drops to 12th Place in Global Innovation Ranking: Report
A new report suggests Canada’s tax rates are “uncompetitive” and are impairing innovation when compared to other similar countries, including the United States. The report, Taxes, Innovation, and Productivity Growth, released by the Fraser Institute on Feb. 7, found that innovation in Canada, which it called “a key driver of higher living standards,” has declined…
Kentucky Republicans Move to Cut Income Taxes Again, Send Bill to Governor
Republicans in the Kentucky General Assembly have sent a bill lowering income taxes to Gov. Andy Beshear to either sign or veto. The bill passed its final hurdle in the state Senate on Wednesday with a 30–5 vote. The legislation was a top priority for Republicans as they made it the first bill filed this…
A Closer Look at the Fair Tax Act
February 9, 2023
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The Fair Tax Act of 2023 is not a new idea. It was first proposed to the House of Representatives in 1999. Since then, it has been brought up again before Congress several times—this time by the Republicans in January 2023. The main idea behind the Fair Tax Act, says FairTax, is to eliminate the…
Is the Fair Tax Fair?
Commentary Rep. Earl Carter (R-Ga.) introduced a new tax proposal called the “fair tax.” Predictably, Democrats politicized the proposal. Sen. Catherine Masto (D-Nev.), for example, posted a typically uninformed statement on Twitter: “On average, Nevadans are paying nearly $6 for a carton of eggs. If House Republicans passed their 30 percent national sales tax proposal, our families…
Six Last-Minute Tips for Filing Income Taxes
The tax-filing deadline on April 18 is looming. And you might be scrambling to prepare your 2022 tax returns. But you can make the process go smoother and more efficiently. You want to lower your tax burden. It’s still possible, even though Dec. 31, 2022, has come and gone. Here are six tips for filing…
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