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Consumption Tax Proposed

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Finance

Upcoming Changes To U.S. Currency

Secretary of the Treasury Jack Lew recently announced a series of significant changes to U.S. currency. Here are some of the more notable alterations on the horizon

Head Of IRS Has Personal Filing System To Keep Track Of Nation’s Tax Returns

Commissioner’s Office Cluttered With 100 Million Folders

WASHINGTON—Pointing out the towering stacks of manila folders cluttering his desk and stepping carefully around the millions of forms laid out on his office floor, Commissioner of the Internal Revenue Service John Koskinen showed reporters Thursday his own personal filing system for keeping track of everyone in the nation’s tax returns.

Grandmother Palms Grandson $10 Like She Fixing Boxing Match

NEW BEDFORD, MA—Waiting until her daughter and son-in-law were occupied getting drinks in the kitchen following a family dinner at her home Sunday, local grandmother Ellen Sullivan, 72, is said to have palmed her 11-year-old grandson Jason Tucci $10 like she was fixing a heavyweight boxing match.

Koch Brothers Get Each Other Same Election For Christmas

WICHITA, KS—Chuckling and shaking their heads as they described their annual family gift exchange to reporters, Koch Industries executives Charles and David Koch confirmed Wednesday they had unwittingly gotten each other the same election for Christmas this year.

Budget-Conscious Obamas Strongly Pushing Malia Toward UDC Community College

WASHINGTON—Repeatedly emphasizing the benefits of completing her core requirements at a fraction of the cost of a four-year school, President Barack Obama and First Lady Michelle Obama continued their efforts this week to persuade their 17-year-old daughter, Malia, to attend the University of the District of Columbia Community College.
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Consumption Tax Proposed

Last week, Federal Reserve Chairman Alan Greenspan said a consumption tax, such as a national sales tax, could benefit the nation's economy. What do you think?
  • "This tax would unfairly penalize people whose televisions aren't as large as they'd like."

    Timothy Potts Systems Analyst
  • "So, does this mean that, in the future, if I don't want law and order to utterly collapse, I'll have to buy at least five things a day?"

    Lola Stein Drafter
  • "I'd been wondering if my daily ramen-noodles consumption could somehow be turned into a revenue stream for the federal government."

    Jarrod Ray Police Officer
  • "That damn Kerry! Even though he didn't get elected, he's somehow managed to sneak his insidious liberal tax-raising agenda onto us anyway!"

    Connie Crane Dentist
  • "As a man with a massive income that I only spend on necessities, this sounds like an ideal plan."

    Corey Bernard Accountant
  • "We tried an income-based tax for nearly a century and look what it brought us: greater economic stability and government accountability. Clearly, we must explore other options."

    Adrian Sears Short Order Cook

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