It’s increasing by $1 trillion a year.
Cheating means breaking a rule or law; legal tax avoidance merely exploits “regulatory loopholes” without breaking the law and is part of a legitimate profit maximization strategy.
This new political campaign against corporate inversion, therefore, is really an assault on a remaining freedom through which private citizens attempt to retain more of the wealth and income they have produced and earned in the market. It is a campaign to keep the American people captive behind a fiscal Berlin Wall over which there is to be no escape.
If the purpose of government is to spread the wealth and attempt to distribute the good life to everyone equally, then Lois Lerner was doing what she had to do. By that standard, she was even a hero.
Capital accumulation and more production, not egalitarianism and its absurd theories and programs, are the foundation of rising living standards in general and rising real wages in particular.
If you put $1,000 in your piggy bank in 1960 and took it out to spend in 2000, you would discover that your money had, over time, lost 80 percent of its value.
“What the tax code is doing is trying to choose our values for us,” complains Yaron Brook from the Ayn Rand Institute.
If cutting and taxing are off the table, we can expect borrowing and printing.
The IRS Reg-134417-13 ruling is an unconscionable attack on our right to discuss, agree or disagree about political matters.
It’s those who want to keep raising the debt limit, continuing to evade the causes of the fiscal disaster, who are irresponsible.
If federal spending were only 5 percent of our GDP ($750 billion) — instead of 25 percent ($3.8 trillion) — there would be no need for today’s oppressive and complicated tax system.
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.
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...
If taxes only concealed hidden costs of what we buy, we’d be lucky, but taxes are destructive in another hidden way.
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.
How are capital gains different from ordinary income?
Instead of taxing the 1% more, we should thank them.
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...
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...
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...
Unlike Stephen King, who seems to admit he’s a socialist, most Obama supporters will not admit to their socialism.
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...
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