Lots of people I know are incensed about Mitt Romney's taxes.

They are ticked off. How dare he pay just 15 percent when I pay 33 percent or 35 percent?

I've got news for you. He's probably paying a higher rate than you are.

The devil here is in the details. Ask anybody what they pay in taxes, and they'll tell you their tax bracket. But that's not the rate you pay on all your earnings... continue reading »

The I.R.S. out with a big report today, charging many of us are scofflaws when it comes to paying our taxes.

In fact, we've underpaid our taxes by 17 percent. That's right -- the I.R.S.’s "tax gap" resulted in tax collections 450 billion dollars below what they should have been. This proportion of individuals and companies who fail to pay their due has stayed pretty consistent at just under 17 percent... continue reading »

We warned you about it, and now it’s happening.

The Federal Government is going to pay for its payroll tax cut by charging homebuyers higher fees on mortgages.

Mortgages, that is, issued by Fannie Mae and Freddie Mac... continue reading »

And now the hard work begins! With the 2011 budget in the rear view window, Congress has to get serious about a 2012 budget and the debt ceiling. And, it couldn't start a minute too soon. The country is on an unsustainable path of spending more and more and more. According to the Wall Street Journal, domestic discretionary spending grew by 6 percent in 2008, 11 percent in 2009 and 14 percent in 2010. Thanks to the work of Congress the 2011 budget spending shrinks by 4 percent. ... continue reading »

The rally in downtown Manhattan commemorating the 100th anniversary of the Triangle Shirtwaist Factory fire is sure to get lots of media attention today.

The fire killed 146 workers and the tragedy spurred the creation of a myriad federal agencies to make sure nothing like that ever happened again. Union activists were also expected to use the event as a forum for criticizing Wisconsin Gov. Scott Walker and others who are attempting to reign in the exhorbitant costs of union pay and benefit packages --the costs of which is bankrupting state budgets across the country... continue reading »