Survey Paints a Big Picture: Simplify the Tax Code
Most Americans are relieved to see Tax Day fade into the distance. This year another taxing milestone takes a bit longer to reach the rearview mirror. Tax Freedom Day falls on April 24. That’s how long American taxpayers collectively will work into the year to fulfill federal, state and local tax liabilities. That means Americans work 114 days for the government and 251 days for themselves.
The number crunchers at the nonpartisan Tax Foundation say that Americans will work 43 days to pay their income taxes; 26 days for payroll taxes; 15 days for sales and excise taxes; 12 days for corporate income taxes; 11 days for property taxes; and, one week for estate, inheritance and other taxes... Read more
Farm Policy 101: Washington Falls Short
As the spring planting season fetches long days in the tractor, farmers across Iowa already have invested an abundance of time and money in the new crop before sowing the first seed into the ground. Key management decisions are considered before the fieldwork begins. New farm bill programs, production costs, lines of credit, crop rotations, conservation practices, seed varieties and commodity prices factor into the mix.
No matter how many equipment repairs and planted acres a farmer squeezes into his workday, some things are beyond his control. The cyclical nature of supply and demand and the whims of Mother Nature have outsized roles in the success or failure of a farmer’s expectations for the season... Read more