by Edwin A Locke | Classic, Taxation
On Tax Day consider some basic facts. The wealthiest 1% of the taxpayers pay 34% of all federal income taxes. The top 50% pay 96% of the total bill. This means that the least wealthy 50% pay almost nothing. In short, the income tax system soaks the rich. In the name...
by Jaana Woiceshyn | Taxation
Elizabeth Warren and her fellow leftists love corporate taxation because they see it as a means of income redistribution from wealthy investors to workers, so as to narrow the income and wealth gap. However, the leftists are utterly mistaken, as taxing corporate...
by Peter Schiff | Taxation
Donald Trump has made good on one of his most audacious campaign promises by submitting what he describes as the biggest tax cut in U.S. History. For once, at least, this does not appear to be Trumpian braggadocio. It really may be the mother of all tax cuts. But if...
by Jaana Woiceshyn | Taxation
The recent leak of the Panama Papers—which consist of confidential banking documents that report names of thousands of offshore corporations and their shareholders—created a media storm around the world. Many of these corporations are shells that serve as “tax...
by Walter Williams | Taxation
Presidential hopefuls Hillary Clinton and Sen. Bernie Sanders, along with President Obama, say they want high-income earners, otherwise known as the rich, to pay their fair share of income taxes. None of these people, as well as the uninformed in the media and our...
by Thomas Sowell | Taxation
At the recent televised debate among candidates for the Democrats’ nomination for president, Hillary Clinton declared that “the wealthy pay too little” in taxes and “the middle class pays too much.” Some people might wish to argue about...
