What’s the largest Federal expenditure? (Hint: not defense)

The majority of the federal expenditures are to take money from one American’s pocket and put into another American’s pocket. You can see that in the federal government’s published numbers. The Statistical Abstract of the United States has been published since 1878. The control page for federal finances is on-line. In Table 454, for 2008, [...]

California makes taxpayers give it a loan

Politicians found a new way to take money from taxpayers. The State of California Franchise Tax Board gave notice that tax withholding will increase 10%. Taxpayers can expect a larger refund when they file their income tax, but won’t earn interest on the money that they are forced to loan to the State of California. [...]