Tax and Spend

In a meaningless but headline-grabbing vote, the House cuts funding to IRS enforcement by 25 percent. Next week, without any headlines, they will vote to increase it. The Senate will agree. The president will sign. What a bunch of baloney.

House votes non-temporary ban on internet taxes.

Rich people are paying more than their fair share of taxes.

"But according to the latest data from the IRS, in tax year 2011, the top 1 percent of taxpayers (in terms of adjusted gross income) paid 35.06 percent of all federal income taxes. The top five percent of taxpayers paid 56.49 percent. The top 10 percent of taxpayers paid 68.26 percent. The top 25 percent of taxpayers paid 85.62 percent of the taxes, and the top 50 percent paid a whopping 97.11 percent."

Of course they own that much of the nation's wealth too.

US to squander taxpayer dollars on two doomed searches for non-existent dark matter.