Shrink the State. End the Fed. Balance the budget. Make a profit. Leave an inheritance.
Gary North
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Illegal immigrants must file with the IRS. They don’t have Social Security numbers. But they have another number: the ITIN. So, they file. They list children and nieces and nephews as dependents. But these dependents live in Mexico. The IRS sends them tax refunds. How large are these refunds? Anywhere from $10,000 to $14,000 in [...]
Continue reading →When we teach our children, we learn. How should we teach them about taxes? One way is to compare them with more familiar expenses. The Tax Foundation does this. In a recent report, it used this example. The total U.S. tax burden of $4 trillion is greater than what Americans spent on housing, food, and [...]
Continue reading →There are activists in the Tea Party movement who are unaware of when the movement began, and why. This video explains both. The issue is about more than taxes — just as the original tea party was. It’s about cutting spending. Because it is about cutting spending, there are fissures within the movement. As with [...]
Continue reading →Apple serves its customers well by cutting its costs. Taxes are a cost. Apple serves its shareholders well by increasing profits. Cutting taxes increases profits. By setting up divisions in Nevada, where there is mo state income tax on corporations, Apple avoids the grasping hand of California, which taxes corporations at 8.8% I love it! [...]
Continue reading →Americans pay 18.5 cents extra per gallon at the pump. This money goes to the U.S. government. Then the money is looted by a handful of cities that subsidize public transit for low-income people who vote. That’s right: the money that is supposed to repair U.S. roads is used to subsidize people with no cars. [...]
Continue reading →The U.S. government spends $3.8 trillion a year. But where does the money go? Government accountants are not sure. The government does not apply the same standards of accounting on itself that it applies to taxpayers. What the IRS will not tolerate, the GAO does. The GAO is the accounting arm of the government. It’s [...]
Continue reading →Washington, DC – Today, Taxpayers for Common Sense awarded the Golden Fleece to Rep. Ed Whitfield (R-KY) for introducing H.R. 4342, the Waterways Are Vital for the Economy, Energy, Efficiency, and Environment Act of 2012 (WAVE4 Act). This legislation would codify recommendations made by barge operators to increase the federal subsidy for inland waterway construction [...]
Continue reading →It’s nice to see a list like this. It reminds us of the nature of government. Compared to most of the industrial West, the USA is a tax haven. The squeeze will not end until voters decide they have had enough. It has been over a century since the squeeze began. Most voters show few [...]
Continue reading →Sheila Bair was the head of the FDIC, which insures our bank accounts. She understands what interest rates at zero mean. In this essay, she pokes fun at Bernanke and the FED. Are you concerned about growing income inequality in America? Are you resentful of all that wealth concentrated in the 1 percent? I’ve got [...]
Continue reading →So, you dream of five acres and independence. Stop. You dream of living in a state with no income tax and no sales tax. You can do that. It’s New Hampshire, where it’s cold in winter. It’s really, truly cold. What you save in income taxes and sales taxes you will spend in fuel oil. [...]
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