Taxation

The Constitution of the United States – Related Materials

The Constitution of the United States – Related Materials

The United States Constitution and The Declaration of Independence Pocket Constitution – Related Materials TCNCRM.com / TCNCAM.com   Antonin Scalia – On American Exceptionalism   The Theory of Moral Sentiments, by Adam Smith (1759) Founders Online – National Archives – IV. A Proclamation by the General Court, 19 January 1776 – George Washington’s Farewell Address, […]

Crony Capitalism / Rent-Seeking / Corporate Welfare / Revolving Door (CongressionalGlossary.com)

Crony Capitalism / Rent-Seeking / Corporate Welfare / Revolving Door (CongressionalGlossary.com)

Crony Capitalism / Rent-Seeking / Corporate Welfare / Revolving Door Corporate welfare refers to subsidies and regulatory protections that lawmakers confer on certain businesses and industries. When considering budget issues, federal policymakers are supposed to have the broad public interest in mind. Unfortunately, that is not how the federal budget process usually works in practice. […]

Zero Based Budgeting (CongressionalGlossary.com)

Zero Based Budgeting (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms “Zero Based Budgeting is a method of budgeting in which all expenses must be justified for each new period. Zero-based budgeting starts from a ‘zero base,’ and every function within an organization is analyzed for its needs and costs. Budgets are then built around what […]

Deflation / Inflation / Real Dollar (CongressionalGlossary.com)

Deflation / Inflation / Real Dollar (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Deflation / Inflation / Real Dollar Whip Inflation Now (WIN) Deflation: A sustained decrease in the general price level. Deflator: An index used to adjust a current dollar amount to its real dollar counterpart, that is, to remove the effects of inflation. Inflation: A rise […]

“Emergency” Spending / Emergency (CongressionalGlossary.com)

“Emergency” Spending / Emergency (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms “Emergency” Spending / Emergency photo credit: vonderauvisuals Spending with the “emergency” designation does not count against budget caps. While often used for one-time, unforeseen events, this designation has also been used to circumvent budget limits. For example, spending for the census has been designated as […]

The Onerous Compliance Cost of the Internal Revenue Code

The Onerous Compliance Cost of the Internal Revenue Code

More IRS 16th Amendment How to Contact Congress Citizen’s Handbook to Influencing Elected Officials The Federal Budget Process “There’s no fairness in taxing e-sales,” by Jeff Jacoby, The Boston Globe, April 17, 2011 Related PostsRecent CRS Reports – June 2013 Taxing and Spending Power – Article I Section 8, Clause 1 of the Constitution Richard […]

Posted in: Congress, Economics, Taxation
The Commerce Clause – Article I Section 8, Clause 3 of the Constitution

The Commerce Clause – Article I Section 8, Clause 3 of the Constitution

The United States Constitution The Commerce Clause is one of Congress’ enumerated powers found in the Constitution of the United States, Article. I. Section. 8., clause 3: (Clause 3 – Commerce power) [The Congress shall have Power] To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;     […]

Value Added Tax (VAT), National Sales Tax (NST), Flat Tax, Transaction Tax

Value Added Tax (VAT), National Sales Tax (NST), Flat Tax, Transaction Tax

Dissatisfaction with the federal tax system has led to a debate about U.S. tax reform, including proposals for a national consumption tax. One type of proposed consumption tax is a value-added tax (VAT), widely used around the world. A VAT is levied on the difference between a business’s sales and its purchases of goods and […]

The Constitution of the United States: Amendment 16 (Sixteenth Amendment – Income Tax)

The Constitution of the United States: Amendment 16 (Sixteenth Amendment – Income Tax)

The Constitution of the United States: Amendment 16 (16th Amendment) Amendment XVI. (Income Tax) Passed by Congress July 2, 1909. Ratified February 3, 1913. Note: Article I, section 9, of the Constitution was modified by amendment 16. The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment […]