According to the Associated Press, 54% of adults are “very” worried about the effect the federal debt will have on their children’s and grandchildren’s financial future; 26% are “somewhat” worried; 10% are “not too” worried; and 9% are “not at all” worried.

You filed your taxes yesterday, but did your neighbors? The IRS estimates the overall compliance rate with the tax code to be about 84 percent.  In other words, for every dollar that is owed under tax law, only about 84 cents is paid – without the IRS taking any action. That means that each year [...]

Today is Tax Day – the day we must file our tax returns.  Today, millions of Americans across the country are doing one of their most important budgeting tasks all year – they’re preparing, postmarking and filing their taxes with the IRS. Americans have spent countless hours and untold dollars pouring over receipts and statements [...]

In a recent Wall Street Journal piece, Robert Barro examines the stimulus after its one-year anniversary.  Barro is one of the world’s top economists and perhaps possesses the most specialized knowledge on stimulus spending. Barro counts not just the “quantity of goods or services that the government purchased or the number of people that the [...]

That makes about as much sense as our tax collection system being run by someone who doesn’t do their taxes.  Oh wait, he doesn’t. IRS Commissioner Douglas Shulman spilled the beans in an interview on C-SPAN’s “Newsmakers”: (At 10:26) Steven Scully (host): Can I just follow up on that point, do you file your own [...]