Lake Minnetonka Liberty

"Man is not free unless government is limited"

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Tag Archives: Internal Revenue Service

Obamacare Moves Forward With Job-Killing IRS Regulations

Obamacare opponents have been raising red flags around this issue for some time, but today the IRS has finally issued preliminary guidelines for the implementation of the Affordable Care Act. The legislation is expected to cost America tens of thousands of jobs, while also sending some high-end industries overseas. There’s more from the IRS available at the links in text below. That it’s being released on a Friday afternoon is no coincidence.

Read the rest at Big Government

New Academic Study Confirms that Lower Tax Rates Are the Best Way to Reduce Tax Evasion

Leftists want higher tax rates and they want greater tax compliance. But they have a hard time understanding that those goals are inconsistent.

Simply stated, people respond to incentives. When tax rates are punitive, folks earn and report less taxable income, and vice-versa.

  • When tax rates increase, sometimes they engage in tax avoidance, lowering their tax liabilities legally.
  • When tax rates change, sometimes they choose to alter their levels of work, saving, and investment.
  • And when tax rates go up, sometimes they resort to illegal steps to protect themselves from the tax authority.

Read the rest at Big Government