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Top Income Tax Rates, All Nations

Written by Gary North on July 11, 2015

income-tax

Have you ever wondered where the income tax havens are? Find out here. Have you ever wondered where the worst places are to live for high-income people? Find out here. The USA is at the high end, if you count state income taxes. But there are loopholes for the super-rich — lots and lots of […]

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Michigan Voters Smash Tax Hike Referendum

Posted on May 9, 2015

michigan-vote

Proposal 1 suffered the worst defeat Tuesday of any Michigan ballot measure since the current Constitution was adopted more than a half-century ago, as 80 percent of voters rejected the sales tax increase and road funding plan. . . . This year’s thumping occurred even though the measure was backed by Gov. Rick Snyder as […]

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Christian Economics in One Lesson: Chapter 4

Written by Gary North on April 25, 2015

christian-economics

Public Works Mean Taxes For the lips of a strange woman drop as an honeycomb, and her mouth is smoother than oil: But her end is bitter as wormwood, sharp as a two-edged sword (Proverbs 5:3-4). The author of Proverbs in the first nine chapters contrasts the faithful wife with the strange woman. He uses […]

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Taxes: Bad News, Good News

Written by Gary North on April 25, 2015

Tax-Recession

Federal tax receipts are approaching 17.5% of GDP. Whenever the percentage gets this high, a recession follows. That’s the bad news. What’s the good news? The percentage rarely gets above this, and when it does, there is a recession. Receipts fall. This means that the federal government cannot get above 20%. It can borrow to […]

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The Best States for Beating the Tax Man

Written by Gary North on February 26, 2015

tax-climate

MarketWatch ran an article on the states that are worst for the common man: “10 states with the worst taxes for average Americans.” The journalist ignored these horrendous tax states: California and New York. It targeted these states as the worst, beginning at the top. Washington Florida Texas South Dakota What do they have in […]

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S&P 500 Breaks Even After 14 Years, 11 Months

Written by Gary North on February 18, 2015

S&P-500

The suckers who did not sell the S&P 500 on March 24, 2000 broke even yesterday: February 17. It closed at 2100. On March 24, 2000, the S&P 500 peaked in terms of purchasing power. It closed at 1527. Go to the inflation calculator of the Bureau of Labor Statistics.  It is here. Type in […]

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Pothole President: Obama’s Tax Suggestion

Written by Gary North on February 2, 2015

potholes

President Obama, now a visible lame duck, proposes the biggest tax hike in his career, other than ObamaCare, which the Supreme Court says is a tax. The money will be used to fix potholes. You know: “shovel-ready.” He has no authority over Congress. He does not submit a budget bill to the Congress. Congress submits […]

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