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Business & Economics PUBLICATIONS |
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A Taxing Meditation
Submitted by K. Lloyd Billingsley on 4.14.2004
This year, tax freedom day, the day Americans cease working for the government and begin working for themselves, came on April 11, the earliest it has been since 1967. While a welcome change, that is still not early enough.
Lawsuit Abuse Choking California Economy
Submitted by Lance T. Izumi, J.D. on 4.7.2004
According to Governor Arnold Schwarzenegger, excessive litigation against businesses has contributed to California's poor business climate. The governor's argument was recently buttressed by a U.S. Chamber of Commerce report that ranked California's legal system 46th out of the 50 states in terms of fairness to business.
"The West has no soul left...''
Submitted by Steven F. Hayward, Ph.D on 4.1.2004
When news came several weeks ago that France was banning head scarves--often worn by devout Muslims--in its public schools, I thought it may be a sign that France was taking a stand over its European culture and heritage. But it turns out the ban was motivated by secularism, not particularism. The French are against any personal expression of religious identity: crosses and yarmulkes are banned as well.
Taxing Times: How California's Steep Income Tax Stifles Economic Growth
Submitted by Russell S. Sobel, Robert A. Lawson, Joshua C. Hall on 4.1.2004
Individual income taxes are the single largest source of tax revenue in California. In 2002, individual income taxes provided nearly $10 billion more revenue than the state.s second largest source, the general sales tax. The individual income tax in California accounts for nearly 42 percent of state tax revenue, slightly higher than the national average of around 35 percent.
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