The federal government already has ample powers to punish people who have broken the tax laws. It does not need additional powers to bully people who haven’t.
Taxation
Apple Computer Should Not Have To Pay Taxes
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...
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.
“Tax Expenditures”: Not Taxing Is Allegedly Spending
To reduce government spending means to reduce the money the government pays out, not to reduce the money it has chosen not to take in. The first is a reduction in government spending; the second is an increase in taxes. Confusing the two is of benefit only to con men who worship an omnipotent state.
Capital Gains Taxes
How are capital gains different from ordinary income?
Thank The 1%
Instead of taxing the 1% more, we should thank them.
Prophets and Losses: Part II
People on both sides of tax issues often speak of such things as a "$300 billion tax increase" or a "$500 billion tax decrease." That is fine if they are looking back at something that has already happened. But it can be sheer nonsense if they are talking about a...
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...
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...
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...
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...
China Has Lower Shareholder Taxes Than America?
If shareholders in communist China are allowed to keep more of their earnings than shareholders in capitalist America, which nation is more communist and which more capitalist?
Obama on Capital Gains: No Winners
“If you make more than $1 million a year, you should not pay less than 30 percent in taxes,” asserted President Obama in his State of the Union speech. For those with predominantly investment income, that would effectively double their capital gains tax...
The "One Percent" We Should Really Fear
There is a great threat to medical care in America from a small group of our fellow citizens. They are not the top one percent of the wealthy, but a group of elitists and their allies who see government power as the means to determine what every American is allowed to...
The 46 Percent –Who Pay No Income Taxes
A flat income tax -- say, 15 percent for all Americans -- is a brilliant idea. Right? No way. The flat tax proposal, in the economy as we know it, evades two very, very important facts. No proposal which evades relevant facts can -- or should -- win. First of all,...
They May Hate Capitalism, But They Sure Love To Loot It
Obama, Gingrich, Perry -- they all hate capitalism, but they sure like the loot it gives them to be the career politicians they are. Where would career politicians be without capitalism? Don’t kid yourselves. The liberal-statist agenda is to raise taxes on the...
It's the Spending, Stupid
Politicians like Mitt Romney and Barack Obama insist that there should be middle class tax cuts. Obama goes further and insists that these tax cuts be paid for by "the rich" (those making over $250,000 a year, his definition). The truth is that everyone is equally...
In Praise of Capitalist Inequality
The Occupy Wall Street protestors claim to want “economic justice.” But real economic justice doesn’t consist of looting others’ wealth, but respecting others’ right to keep what they’ve earned.
The Redistribution of Health
In her famous novel Atlas Shrugged, Ayn Rand identified the absurdity of placing one’s life in the hands of doctors whose lives had been throttled by socialized medicine. Socialized medicine, because of the government monopoly it imposes on both doctors and...
A Truly Fair “Tax”
The proposals by Herman Cain and Rick Perry to streamline the tax system are certainly a step in the right direction. But neither candidate has addressed one crucial point: taxation is theft. If your neighbor broke into your home and took your money, would the purpose...
Cain's 9-9-9 Plan: Raising Taxes on The "Lower Class"?
Some people criticize Herman Cain's 9-9-9 plan for the wrong reasons. Advocates of wealth redistribution complain that it raises taxes on the lower and middle working classes. This is true. Many of them will actually have to start paying some taxes rather than none at...
Herman Cain's 9-9-9-9 Plan
Herman Cain has been gaining much traction with his 9-9-9 Plan, a bold proposal to replace our dysfunctional tax code with what could be a simpler, less invasive, and more economically stimulative alternative. While I don't agree with the full spectrum of Mr. Cain's...
Payroll Tax and Unemployment
Remember when President Obama and his team promised that if only we passed an emergency “stimulus” bill allowing them to wantonly spend $787 billion, unemployment would be capped at 8%? Two years later, having soared as high as 9.8%, July’s unemployment rate stands at...
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