America’s middle class is disappearing rapidly. Increased taxation coupled with higher living costs are wiping out savings and making standards of living no longer tenable. Rather than respond to this problem those affected live in a depressed political apathy, throwing their support behind polar radicals like Bernie Sanders and Donald Trump whose impressive rhetoric offers…
In the previous installment of the Death by Taxes series, we learned about Beardsley Ruml’s contribution in establishing the withholding tax. This most influential of unknown people in American history deserves a closer look. He had some important things to say about why we pay federal income taxes that may surprise you.
In the first two installments of the Death By Taxes series we discussed the history, motivation and reasoning for adopting an income tax and its ramifications for both consumers and entrepreneurs. In this third installment, we will discover “Cui bono” or who benefits the most from the income tax. The truth is far from what…
April is the time of year when I reflect back to the passage of the 16th Amendment and the Federal Reserve Act. Two juggernauts that have done more damage to our standard of living than any other pieces of legislation. There is nothing good about being taxed, especially having your income taxed. It is…
The Blue Collar Economist 