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The Tax Burden: How to Teach Your Children

Written by Gary North on May 8, 2012

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 […]

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How Apple Sticks It to High-Tax States

Written by Gary North on April 30, 2012

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! […]

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Hit and Run: Looting the Highway Tax Fund

Written by Gary North on April 27, 2012

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. […]

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Dam the Taxpayers: The Inland Waterways Tax

Written by Gary North on April 18, 2012

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 […]

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41 Federal Tax Facts: Voters Meekly Submit

Written by Gary North on April 17, 2012

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 […]

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Former Head of the FDIC Sends a Torpedo into Bernanke

Written by Gary North on April 17, 2012

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 […]

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Taxmageddon Will Hit on January 1, 2013

Written by Gary North on April 12, 2012

The Bush tax cuts will expire on January 1. The Obamacare taxes will hit, unless the Supreme Court declares the law unconstitutional. The average Joe has no idea of what’s in store for him. The liberal Washington Post calls this taxmageddon. I like the phrase. It has a sense of reality about it. Here are […]

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