Taxes
Blog
Book Review: The Age of Debt Bubbles edited by Max Rangely
Today, the U.S.’s debt-to-GDP ratio (the ratio between a country’s government debt and its gross domestic product) stands at 121 percent according to the Federal Reserve Bank of St. Louis. However, we’re not the only country at risk. Italy is at 139 percent, Greece at 153 percent, Singapore at 176 ...
Blog
State Budget Week - Learn how the Newsom Budget Will Impact California's Tax Burden
The Newsom Budget on Taxes: Yes, Governor, California Is a High Tax State
California imposes the highest top marginal state income tax rate and one of the highest state and local sales tax rates in the country. It is simply illogical to claim that a state with the highest income tax rate and a very high state and local sales tax rates is ...
Blog
Voters slam California with new local taxes and bonds
Voters slam California with new local taxes and bonds By John Seiler | December 6, 2024 California’s Nov. 5 election totals, finalized on Dec. 5 by county registrars, show voters slammed local taxpayers with around $2.3 billion in new direct tax increases. Plus $47.1 billion in new bond debt, which ...
Business & Economics
Learn more about Trump's tax plan
How Trump’s Tax Plan Could Affect the Middle Class
Another key factor among the 2017 tax law changes enacted during Trump’s first term was the provision that brought the U.S. corporate income tax rates in line with those levied in Europe and Asia. “This tax reduction improved U.S. economic competitiveness, accelerating income growth for middle-class families,” said Wayne Winegarden, ...
Blog
Would sales tax increase make Denver more "affordable"?
Legalizing housing will do more for Denver than a tax hike
Like many cities across the country, Denver has experienced soaring housing prices. While wages in the Denver area have increased 55% over the last decade, the median home sale price has surged 180%. A majority of renters are burdened by high rents eating up 30% or more of their incomes, ...
Business & Economics
Learn more about how taxes harm economic activity
Does San Diego County’s Measure G measure up?
There’s no denying that the crumbling section of the coastal bluff near Del Mar that holds up the only rail line linking San Diego to the rest of California needs to be shored up. But is a tax hike necessary to get the job done? No, but that’s never stopped ...
California
Learn about the problems with LA's Measure ULA
Yet another example of a tax that didn’t live up to its promises
Measure ULA, approved by nearly 58% of the voters, initially imposed a 4% “mansion tax” on the sales of any homes or commercial properties valued at more than $5 million. The rate jumped to 5.5% on sales above $10 million. The thresholds increased to $5.15 million and $10.3 million on ...
Blog
Spending Watch
California’s Expensive but Ineffective Income Support Spending
California’s Expensive but Ineffective Income Support Spending Wayne Winegarden August 2024 Including federal, state, and local funds, California’s per capita spending on income support programs is 81 percent higher than the average expenditures for all other states – per capita spending of $3,869 compared to $2,141. These expenditures include “cash ...
Blog
Spending Watch
Californians Have Little to Show for All That Government Spending
Californians Have Little to Show for All That Government Spending Wayne Winegarden July 2024 It should not shock anyone that the FY2024-25 budget was short on fiscal discipline and long on budget gimmicks and fund shifts. Now that this year’s budget process is coming to an end, it is imperative ...
Crime
Watch the latest Free Cities Center video
WATCH: Are Crime and Homelessness Shifting San Francisco Right?
Do recent election results show a rightward shift in San Francisco? Join Free Cities Center’s Steven Greenhut as he visits the City by the Bay and talks with two experts about what’s really going on in the City. They discuss whether things are really as bad as some media outlets ...
Book Review: The Age of Debt Bubbles edited by Max Rangely
Today, the U.S.’s debt-to-GDP ratio (the ratio between a country’s government debt and its gross domestic product) stands at 121 percent according to the Federal Reserve Bank of St. Louis. However, we’re not the only country at risk. Italy is at 139 percent, Greece at 153 percent, Singapore at 176 ...
State Budget Week - Learn how the Newsom Budget Will Impact California's Tax Burden
The Newsom Budget on Taxes: Yes, Governor, California Is a High Tax State
California imposes the highest top marginal state income tax rate and one of the highest state and local sales tax rates in the country. It is simply illogical to claim that a state with the highest income tax rate and a very high state and local sales tax rates is ...
Voters slam California with new local taxes and bonds
Voters slam California with new local taxes and bonds By John Seiler | December 6, 2024 California’s Nov. 5 election totals, finalized on Dec. 5 by county registrars, show voters slammed local taxpayers with around $2.3 billion in new direct tax increases. Plus $47.1 billion in new bond debt, which ...
Learn more about Trump's tax plan
How Trump’s Tax Plan Could Affect the Middle Class
Another key factor among the 2017 tax law changes enacted during Trump’s first term was the provision that brought the U.S. corporate income tax rates in line with those levied in Europe and Asia. “This tax reduction improved U.S. economic competitiveness, accelerating income growth for middle-class families,” said Wayne Winegarden, ...
Would sales tax increase make Denver more "affordable"?
Legalizing housing will do more for Denver than a tax hike
Like many cities across the country, Denver has experienced soaring housing prices. While wages in the Denver area have increased 55% over the last decade, the median home sale price has surged 180%. A majority of renters are burdened by high rents eating up 30% or more of their incomes, ...
Learn more about how taxes harm economic activity
Does San Diego County’s Measure G measure up?
There’s no denying that the crumbling section of the coastal bluff near Del Mar that holds up the only rail line linking San Diego to the rest of California needs to be shored up. But is a tax hike necessary to get the job done? No, but that’s never stopped ...
Learn about the problems with LA's Measure ULA
Yet another example of a tax that didn’t live up to its promises
Measure ULA, approved by nearly 58% of the voters, initially imposed a 4% “mansion tax” on the sales of any homes or commercial properties valued at more than $5 million. The rate jumped to 5.5% on sales above $10 million. The thresholds increased to $5.15 million and $10.3 million on ...
Spending Watch
California’s Expensive but Ineffective Income Support Spending
California’s Expensive but Ineffective Income Support Spending Wayne Winegarden August 2024 Including federal, state, and local funds, California’s per capita spending on income support programs is 81 percent higher than the average expenditures for all other states – per capita spending of $3,869 compared to $2,141. These expenditures include “cash ...
Spending Watch
Californians Have Little to Show for All That Government Spending
Californians Have Little to Show for All That Government Spending Wayne Winegarden July 2024 It should not shock anyone that the FY2024-25 budget was short on fiscal discipline and long on budget gimmicks and fund shifts. Now that this year’s budget process is coming to an end, it is imperative ...
Watch the latest Free Cities Center video
WATCH: Are Crime and Homelessness Shifting San Francisco Right?
Do recent election results show a rightward shift in San Francisco? Join Free Cities Center’s Steven Greenhut as he visits the City by the Bay and talks with two experts about what’s really going on in the City. They discuss whether things are really as bad as some media outlets ...
