H&R Block misfiles taxes?!?!?!

H&R Block, one of the largest tax services businesses in the United States, has incorrectly filed its taxes in 2003 and 2004.  The tax error understated H&R Block’s tax liability by $32 million.   Oh the irony!!!  Check out the complete article in BusinessWeek (“H&R Block falls on 3Q results, tax issue“).

Did Serrano Cause Prop 13?

Passed in 1978, Proposition 13 was a ballot initiative to amend the state constitution to limit property taxes to a 1% of a homes value. The amendment also capped the annual growth rate in property value assessment at 2% per year until the house is resold.   William Fischel (1989) argues in “Did Serrano Cause…

Does Financial Aid really help the poor?

Conventional Wisdom holds that financial aid helps poor students afford higher education.  This is certainly true.  However, does financial aid truly help the entire distribution of poor families in the United States.   A study by Hansen and Weisbrod in their 1969 book Benefits, Costs and Finance of Public Higher Education seeks to analyze how financial aid is distributed…