Apple, the most highly valued technology company and the creator of wonderful products that millions enjoy and use to enhance their productivity, has been accused of not paying enough taxes at a congressional hearing where CEO Tim Cook was grilled yesterday. (See the story here). More specifically, Apple was accused of avoiding $9 billion or [...]
Archive | Taxation
Price Versus Cost: The Destructive Nature of Taxes
If taxes only concealed hidden costs of what we buy, we’d be lucky, but taxes are destructive in another hidden way.
Capital Gains Taxes
How are capital gains different from ordinary income?
Thank The 1%
Instead of taxing the 1% more, we should thank them.
Patriotic Millionaires Unmasked
Despite the breathless post-election “think pieces” that have drawn sweeping and deeply considered conclusions about the political drift of the country, at its core President Obama’s re-election is easy to understand. He essentially promised millions of middle and working class voters that if he were to be re-elected, they would receive benefits paid for by [...]
Tax Increases (or Cuts) Not the Real Issue
According to the Congressional Budget Office’s figures, extending the Bush tax rates will only increase the deficit by 4 percent. Actually, critics of the way the CBO figures this out are saying the 4 percent number is too high. They charge that the CBO does not take into account any fiscal benefits from tax cuts. [...]
Facebook Founder Flees Fleecing
The subheading would read: Globalist Senators in Hot Pursuit. One look at the arrogant, sneering expression on the face of Senator Charles Schumer (Democrat, New York) and one glance at what he had to say about Facebook co-founder Eduardo Saverin’s renunciation of his U.S. citizenship in favor of living in Singapore, and I felt an [...]
Stephen King’s Stand For Class Warfare
Unlike Stephen King, who seems to admit he’s a socialist, most Obama supporters will not admit to their socialism.
Government without Taxation
In a capitalist society, the initiation of force is banned from the interactions between individuals. In a capitalist society, there is no regulation of businesses–no FTC, FDA, SEC, OSHA, or EPA. In a capitalist society, all funding for government is provided voluntarily–no IRS. You may think, “If funding for government is voluntary, what if nobody [...]
Obama’s Class Envy via Bad Numbers
With economic “fairness” the central theme of his re-election campaign, President Obama recently pitched his “Buffett Rule” tax hike to a student audience at Florida Atlantic University in Boca Raton. Aimed at those who earn the bulk of their income from capital gains, the plan would double the tax rate on capital gains from 15 [...]