Category: Taxes
The analysis published under this category are as follows.Tuesday, May 04, 2010
"Super Tax" Hits Australia; In US, Gold will be an Easy Target / Politics / Taxes
Congratulations (of sorts) go to Australia for enacting the highest taxes on mining profits in the world. Please consider BHP, Rio Shares Drop on Australian Mine ‘Super’ Tax
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Sunday, April 25, 2010
VAT Tax The Worst Government Method of Looting the People / Politics / Taxes
One of the great and striking facts of recent months is the growing resistance to further taxes on the part of the long-suffering American public. Every individual, business, or organization in American society acquires its revenue by the peaceful and voluntary sale of productive goods and services to the consumer, or by voluntary donations from people who wish to further whatever the group or organization is doing. Only government acquires its income by the coercive imposition of taxes. The welcome new element is the growing resistance to further tax exactions by the American people.
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Friday, April 23, 2010
Obama Eyes VAT Take Hike, IMF Proposes $300 Billion Tax on Financial Institutions / Politics / Taxes
So much for the idea that Obama only wanted to raise taxes on the wealthy. He now is pondering raising taxes on everyone to pay for his bailout schemes and healthcare agenda.
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Friday, April 16, 2010
Protect Your Wealth From the IRS, The Tax Window of Opportunity / Personal_Finance / Taxes
Vedran Vuk, Casey Research writes: The biggest danger to your wealth isn’t a bubble in China or Europe – it’s the IRS. Since 1987, top earners have been taxed between 28 percent and 39.6 percent, a relatively low range compared to the 50-percent-and-above rates for most of the century. However, with enormous annual deficits and Social Security lurking around the corner like a mugger, the future promises a return to old tax norms.
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Tuesday, April 13, 2010
Three Cheers for Tax Shelters! / Personal_Finance / Taxes
Okay, before you get the wrong idea … today’s article is not going to talk about hiding money in foreign countries or any other strategy that is either suspicious or outright illegal.
Cheating on your taxes is hardly something I would advocate, let alone celebrate.
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Wednesday, March 24, 2010
U.S. Healthcare Reform Bill, Help! I’ve Been Taxed and I Can’t Get Up / Politics / Taxes
Jeff Clark, Senior Editor, Casey’s Gold & Resource Report
Like many of you, the passage of the healthcare bill wasn’t met with the popping of champagne in my house. I found myself chanting “Uncle Sam, Uncle Sham” as the day wore on. Higher taxes and other major changes are headed our way. And yet, I think there’s something in the bill that’s even more dastardly.
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Tuesday, February 02, 2010
Isle of Man, The Greatest Tax Haven? / Politics / Taxes
Nathan Blevins writes:The Call of Ellan Vannin - Freedom isn’t some fanciful creature of the imagination, like Bigfoot. It actually exists, and I’ve seen it. For in the year of our Lord, 2006, I had the marvellous privilege of fulfilling a lifelong personal dream: the dream of travelling to an enchanted place I’d always wished to visit. Well, perhaps I’d not held the dream that long. For you see, it was roughly 6 or 7 years ago that I was reading some smashing stuff from fellow liberty lover, Ron Holland, when I happened upon a trivia question of his that gave me pause:
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Thursday, October 15, 2009
How To Create A Fairer Tax Environment / Politics / Taxes
Can lawmakers who don't have the courage or intelligence to outlaw texting while driving really be expected to create a saner tax structure? Hmmm.
Developing a fairer tax environment is much less an economics problem than it is a political dilemma and, as many of you observed, it is unlikely that anything "tax" will be improved upon until there is some serious facial (and cultural) change in Washington.
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Friday, May 08, 2009
The Truth About Tax Havens / Politics / Taxes
Suddenly in March, the news was full of denunciations of “tax havens.” While there is no standard definition of this term, tax havens are generally nations with low taxes, privacy in financial matters, and limited reporting to foreign tax bureaucracies. These countries, generally smaller and less developed, are being blamed for much of the world’s economic and social ills.
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Saturday, May 02, 2009
The State as an Economic Gangster, a Fistful of Dollars / Politics / Taxes
Don Cooper writes: 1) The state as a well-oiled broken clock
My state’s Public Records Law, in short, allows any citizen to request and receive any and all information that is of public record in the state. So I did.
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Thursday, July 10, 2008
Road Car Tax Hikes- Gordon Browns Next Tax U-Turn? / Politics / Taxes
Gordon Brown's Labour government looks set to march towards another humiliating tax u-turn as the proposed changes to the Road Tax to make it 'Greener', that will result in 9 million motorists paying more tax, totaling over £1 billion, many of those that will be hit the hardest are the poorest motorists that could see tax hikes of more than 50%. This is contrary to Gordon Browns statement made at the House of Commons that the majority of car drivers would benefit from the changes. Whilst it is estimated that less than 19% will actually pay less tax.Read full article... Read full article...
Monday, February 04, 2008
Eliminate Investment and Corporate Taxes - Investors For The Fair Tax Unite / Politics / Taxes
The vast majority of Americans are investors, although many don't realize it. The vast majority of Americans are creative with their 1040 numbers, although most won't admit it. The majority of Americans would agree that investing, retirement planning, and estate preservation would be easier to manage if the Internal Revenue Code was comprehensible. A landslide of American voters would elect any candidate championing IRC replacement surgery.Read full article... Read full article...
Monday, September 24, 2007
Defending Tax Cuts Against Leftist Journalists / Economics / Taxes
Jonathan Chait, a senior editor with The New Republic , has written an unintentionally funny book called The Big Con: The True Story of How Washington Got Hoodwinked and Hijacked by Crackpot Economics , part of which was published in the TNA. ( How economic crackpots devoured American politics. Feast of the Wingnuts ) At or near the top of his pet hatreds is supply-side economics (a “crank doctrine”) and the Laffer curve. One thing became immediately clear: Chait is the last person who should be calling anyone an economic crackpot.Read full article... Read full article...
Monday, September 24, 2007
The Elasticity of Taxable Income - How the Laffer Curve Really Works / InvestorEducation / Taxes
Let us begin with the much neglected Kennedy tax cuts and then follow through with other tax measures. We shall then finish with a diagrammatic explanation of how cuts in capital gains taxes expand both the economy and tax revenues.
Kennedy declared that “it is a paradoxical that tax rates are too high and tax revenues too low”. In other words, high taxes were depressing output. Acting on this belief — what so many today sneeringly call supply-side economics — he cut taxes in 1963 and investment surged ahead. In the four years preceding the Kennedy cuts only 27.8 per cent of what is termed investment went to business and 38.5 per cent to real estate.
Thursday, May 24, 2007
What a Taxing Day and Life! / Personal_Finance / Taxes
I received this recently in an email and I realized the awful truth of it. Be sure to read all the way to the End! This is a public servants ode to the taxpayer:
Tax his land, Tax his bed, Tax the table, at which he's fed.
Tax his tractor, Tax his mule, teach him taxes, Are the rule.
Tax his cow, Tax his goat, Tax his pants, Tax his coat.
Tax his ties, Tax his shirt, Tax his work, Tax his dirt.
Tax his tobacco, Tax his drink, Tax him if he tries to think.