Taxation

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 […]

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 PostsThe Constitution of the United States, Article. I. Section. 9. Limits on Congress Taxing and Spending Power – Article I Section […]

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 […]