Reverend Jonathan Mayhew coined the phrase "No Taxation Without Representation!" during a sermon in Boston in 1750. This sentiment led to the original Tea Party and helped fuel the American Revolution. The English Bill of Rights required the consent of Parliament prior to the imposition of taxes and the colonists where not represented in Parliament. 260 years later, with tax day upon us, the situation is quite reversed. We Americans are now over represented (in that those representatives want to "help" in every facet of our lives) AND over taxed (to pay for all that help.) A study recently released by the Tax Policy Center finds that about 47 percent of Americans will pay NO federal income taxes for 2009. In 2007, the top 10% of taxpayers paid over 71% of all personal income taxes according to the National Taxpayers Union. Ben Franklin said "When the people find that they can vote themselves money, that will herald the end of the republic." Given the...(Read Full Post)