March 27, 2013
Refining Our 'Theory' of Taxation
We Americans are taxed at just about every juncture in life that involves money. We are taxed when we earn our money and when we spend our money. We are even taxed when we give our money away, unless our gift recipient is a government-approved entity.
We are taxed when we don't realize we're being taxed, as in the hidden, embedded taxes built into the prices of the goods we buy, which pay for corporate income taxes. (You didn't think that corporations paid taxes, did you?)
In addition to all the taxes Americans are already paying, government continually enacts new types of taxes. For example, ObamaCare is loaded with new taxes. Given the proliferation of new taxes and the continuing cry from progressives to raise tax rates, Americans might consider why we tax what we tax. It's been said that if you want less of something, tax it. If that be so, then we need to be very clear about what it is that we tax, and how we justify taxing what we...(Read Full Article)




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