Taxation

Wrong Way to Go

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We’ve been had. By a Bush. Again. The tax cut is a joke. After all the blather about how the surplus belongs to us, not the government, the resulting tax-cut bill is minuscule, ultra-gradual, and now scheduled to expire in 10 years! Republican and Democrat members of Congress, ... [click for more]

Teens for Lower Taxes

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Adults in the executive and legislative branches of the nation's various governments may not want to pay attention, but they should. A Junior Achievement survey of middle school and high school students nationwide completed in March shows that six out of seven (83%) teens believe taxes in general are too high. ... [click for more]

Space Tourism

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As the American tourist who paid $20 million to the Russians to ride along with their cosmonauts for a week-long visit to the international space station, American multimillionaire Dennis Tito is having the time of his life The U.S. space agency, NASA, which shares ... [click for more]

Government as Parasite

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The Republicans still don’t get it. They say they want a tax cut because “the surplus is the people’s money,” but their heart isn’t in it. If they truly believed that, they wouldn’t quickly add that we need a tax cut to avert a recession. They supported the tax cut before ... [click for more]

April Is the Cruelest Month

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Taxes. Fiscal force. This is the month that you are ordered to reduce your financial life to a series of complex tax forms and get them into the IRS. This is the month that your report to the government is due. The authorities are waiting to hear from you. Don't ... [click for more]

Tax Cuts Need No Justification

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Tax cuts do not have to justified. It’s government spending that that has to be justified. I realize that is contrary to virtually every news report and analysis of President Bush’s plan to cut income tax rates. To listen to the news media, you’d think the government creates the wealth in ... [click for more]

Kill the Death Tax

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Are we supposed to be impressed that some of the country’s richest men want the government to continue taxing estates? I don’t see why their opinion on this matter is worth more than that of anyone else. After all, just because someone is good at making money, that doesn’t make ... [click for more]

The IRS: Still a Grave Threat to Freedom

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THE CLINTON ADMINISTRATION just succeeded in brow-beating Congress into giving the Internal Revenue Service one of the largest budget increases in the agency’s history. Clintonites had warned that, without a windfall for the revenuers, America was at grave risk of insufficient tax audits. Clinton persuaded much of the media ... [click for more]

Repeal the Income Tax

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Defending his tax-cut proposal last night, President Bush said, "Unrestrained government spending is a dangerous road to deficits, so we must take a different path. Let the American people spend their own money to meet their own needs, to fund their own priorities, and pay down their own debts." What ... [click for more]

The Marc Rich Pardon

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"Everybody's upset with former President Clinton's pardon of Marc Rich, the financier who had been indicted by a New York grand jury under former U.S. Attorney Rudy Guliani for buying and selling oil at the wrong price and with the wrong country and for not paying taxes on the profits. Okay, ... [click for more]

Bring Back the Deficit!

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Should we cut taxes or should we pay off the national debt? What’s missing from this picture? Aside from the fact that paying off the debt need not be a priority (there is no connection between the debt and economic growth), the question is a classic case of the Fallacy of ... [click for more]

Wishing You a Free and Merry Christmas

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CHRISTMAS IS THE TIME of goodwill, when everyone thinks of giving. And giving their own money, not other people’s money. Even in Washington, D.C. But in Washington, at least, Christmas is probably the only time of the year when anyone thinks about spending his own money. [click for more]
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