Electric cars have been around for more than 100 years but now the federal government “incentivizes” them, as politicians like to say. Electric vehicles (EVs) purchased in 2010 or after may be eligible for a federal income tax credit of up to $7,500. (The credit amount varies based on the capacity of the battery.)…
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How can the government increase the amount of money it collects in taxes without increasing tax rates? Or rather, for politicians looking to remain as blameless as possible when their constituents get their new, higher tax bills, how can they make it look like they’re not increasing taxes when they’re taking more in taxes?…
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The New York Times has a wonderful tool for understanding how the recommendations of the presidential deficit commission could work to close the estimated annual budget shortfalls in the future. You simply go through and select spending cuts and tax increases until the budget shortfall is corrected for both in the present and future….
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