We hear all the time that the “rich don’t pay their fair share of taxes” (123,000 Google search results for that phrase).  Here’s an analysis using recent IRS data that suggests otherwise. 1. In 2009, the top 400 taxpayers based … read more >

Number of Years in Top 400 Number of Taxpayers in Group Percent of Taxpayers Represented by Each Group Number of Returns in total Top 400 over 18-year Period Percent of Returns Represented by Each Group 1 2,824 72.99% 2,824 39.22% … read more >

The chart above displays the S&P 500 Index and Intrade odds for Obama to be re-elected, on a daily basis back to December 2010. The two series have moved pretty closely together over the last 18 months, with a correlation … read more >

From a staff editorial in today’s Houston Chronicle: “The term of art widely used to describe today’s struggling economy is that it’s “facing headwinds.” It’s good to be in Houston, where a dynamic energy industry is successfully navigating these headwinds and … read more >

From ABC Good Morning America:  “The severe shortage of viable organs for transplantation in the U.S. has led a transplant surgeon to propose harvesting kidneys from people who are not dead yet. Dr. Paul Morrissey, an associate professor of surgery … read more >