Minimum Wage Hike Would Likely Worsen Poverty – Basic economic principles are so poorly understood by most people that the DemonRats can get away with supposedly being the compassionate ones by forcing businesses to pay entry level workers more than they are worth in the marketplace. It doesn’t take a rocket scientist to see where that will lead.

Benefits of the Bush Dividend Tax Cut

From poverty to prosperity

It’s fairly safe to say that we all die in many ways from the complexity of the tax code.

The only real surprise in these stories from Tax Analysts is that the IRS error rates aren’t higher. I would say that these qualify as good examples of non-scientific studies.

IRS Interest Rate Increases On October 1 – It will rise from its current four percent (4%) to five percent (5%) for at least the last three months of this year. I’ve updated the Quick Reference page on my main website to reflect this.

In about three months from now, we’ll find out what the rate will be for the first quarter of 2005.

These figures are the nominal interest rates charged by IRS. The actual interest charged is compounded daily, so the effective rate (APR) is slightly higher. It is not, as many people believe, charged at four or five percent per day. That’s reserved for loan sharks.

To show how numbers can be used to slant a story, this could accurately be reported as either a one percent increase in the rate IRS charges, or it could be stated as a 25% jump in the IRS interest rate (from four to five percent) if I want to be an alarmist.