Hennessy's View

You Have No Idea How Much Your Boss Pays in Payroll Taxes

Related articles America is suffocating under an amazing tax burden, but most Americans STILL underestimate how much their tax bill really is. That’s because Washington has done a fantastic job of forcing employers to hide most of the taxes you pay. If people had to see and deal with their total liability, the Democratic Party would be swept into the dust bin of history. Read more →

Business Insider Has No Idea Where Money Comes From

I love some things about Business Insider. Mostly its great headlines. Unfortunately, sometimes its writers show an ignorance of basic economics in their rush to catapult Obama to a second term. Joe Weisenthal is just the latest example. Joe tries to claim that economic recovery in the US is retarded by loss of public sector jobs. What Joe doesn’t seem to get is this: the private sector pays for those public sector jobs. Read more →