Category Archives: Taxes

True Civil Libertarians Must Oppose the IRS, by Ron Paul

Tax collection is inherently anti-liberty. From Ron Paul at ronpaulinstitute.org:

Progressives who work to end individual rights violations committed by the NSA, FBI, DEA, CIA, and other federal agencies usually overlook, or even support, the routine violations of Americans’ rights by the IRS.

For example, progressives rarely, if ever, speak out against the IRS’s targeting of the opponents of those in power. When liberal Democrats control the White House, the IRS targets advocates of free markets. When hawkish Republicans are in power, the IRS targets antiwar activists.

The Democrats’ election reform legislation would require political organizations to divulge their top donors. Such donor disclosure requirements can be, and have been, used to intimidate donors from supporting “controversial” causes. Yet the requirements are supported by many progressives in the name of getting big money out of politics.

In order to “pay for” their massive spending schemes, President Biden and his congressional allies are planning a huge increase in the IRS budget. The declared purpose is to enable the tax agency to bring in to the government much more money by ramping up efforts to identify and punish those not paying the “proper” amount of taxes.

The tax code’s complexity guarantees many innocent Americans will be caught in the IRS’s expanded net. Yet progressives will support this because they favor the new social programs the new revenue will finance, and because they believe the IRS will only target billionaires and big corporations.

The truth is that most of the new revenue will be collected from middle-and-working-class Americans. These Americans will be targeted because, unlike billionaires and big corporations, middle-and-working-class Americans cannot afford legions of tax lawyers and accountants to level the playing field between them and the tax agency. They are more likely to simply give in to the IRS’s demands.

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Big Tech cancels mRNA inventor for COVID heresy, by Simon Black

Simon Black’s weekly tally of the absurd. From Black at sovereignman.com:

Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity… and on occasion, inspiring poetic justice.

LinkedIn deletes mRNA research pioneer’s account

Dr. Robert Malone is sometimes referred to as the inventor of mRNA vaccines— the type of vaccine currently used against Covid-19.

His credentials, years of experience and expertise were chronicled on his LinkedIn profile with thousands of followers.

But then his account was deleted.

LinkedIn said he shared “misleading or inaccurate information” about Covid vaccines. He has been vocal about people under age 18 not needing Covid vaccinations.

That’s right— we’re supposed to believe that LinkedIn fact-checkers know more about mRNA vaccines than the expert scientist inventor himself. (He has also had videos pulled from YouTube for “misinformation”.)

LinkedIn reinstated Dr. Malone’s profile after the controversy, with one executive reaching out to him to say, “I’d like to apologize on behalf of LinkedIn — we’re just not good enough at detangling complicated, subtle scientific claims…”

You don’t say…

Click here to read the full story.

North Carolina says it is illegal for unlicensed engineers to speak

During his career as an industrial engineer, Wayne Nutt was never required to have a license from the state.

Now he is retired, and has offered expert testimony on subjects like the flow of drain-water flooding homes.

Because of that testimony, he was sent a letter from the North Carolina Board of Examiners for Engineers and Surveyors telling him he was in violation of state law for practicing engineering without a license.

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Why Main Stream Media Almost Always Sucks, by L. Reichard White

A real life example of the kind of pressures even less well-known organs of the mainstream media face, from L. Reichard White at lewrockwell.com:

How Las Vegas casinos eclipsed The Sun

I don’t like to admit I have role models, but, well, in Bill’s case, maybe just a little.

That’s “Wild” Bill Kaysing.

He lives in a camper, writes really odd things, and no one knows where he is, what he’s writing or when he’ll show up next. That’s probably where the “Wild” came from.

So Jimmy calls and wants Larry and me to go with him to a meeting with Hank Greenspun, legendary maverick ground-floor Israeli freedom-fighter and owner and publisher of The Las Vegas Sun, the smaller of the two major Las Vegas newspapers at the time.

This is seriously unusual. Larry and I’ve been doing a lot of the Nevada L.P. media work and Mr. Greenspun is unavailable except to V.I.Ps, crack feature writers, and star reporters, which we aren’t.

How did you manage that?” I ask Jimmy. That’s James Libertarian Burns, by the way. He added the middle name because that was the only way he could get “Libertarian” on the ballot.

I didn’t. He called me.”

Jimmy had met both Kaysing and Greenspun before. This was my first exposure.

Both men struck me as sincere. Greenspun had a certain smoldering but controlled fire going on somewhere. Part of it at least was an old grudge against the I.R.S. from when they’d interfered with his freedom-fighting.

As far as the I.R.S. goes, join the crowd.

Wild Bill came complete with scruffy western boots — riding heels — and a bolo string-tie with turquoise. He was extremely informal, relaxed, and personable. And dangerous. He didn’t like the I.R.S. either — and knew what to do about it.

The short version is that, as a flesh-and-blood American individual, you are NOT required to pay corporate income tax, which is what the I.R.S. collects from you. Or, I should say, which you volunteer to pay.

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3 Radical Government Programs and What They Mean for You Today, by Chris MacIntosh

We’re being fed programs from our rulers that will impoverish and enslave us. From Chris MacIntosh at internationalman.com:

When initiatives like vaccinating the planet, “climate change,” and implementing a minimum global corporate tax are on the G7 agenda, and they’re selling it to a citizenry who would be content with their peanut butter on toast because “they are doing their best for us,” you know that freedom-loving people are in for a lot of trouble.

All three of these initiatives in isolation would be (and should be) horrifying to any freedom-loving individual. Collectively they are the equivalent of grabbing the global economy, hoisting it up onto your shoulders, and then tightrope walking across the Grand Canyon blindfolded with a swarm of mosquitoes biting you, but only after drinking an entire bottle of Absolut vodka. You might make it across to the other side, but the odds are right up there with finding a juicy T-bone steak at a vegan festival.

What these initiatives cement is a collapse in living standards of the global citizenry and ultimately a rather dramatic increase in the likelihood of a major international war.

Why? By pushing the climate hysteria agenda with its bedfellow of “CO2 reduction” and forcing it upon developing nations, they will be forcing not just a decrease in living standards but sending billions of people (literally) into extreme poverty.

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The Global Minimum Corporate Tax Exposes The G-7’s Hypocrisy, by Robert Zumwalt

Setting a global minimum corporate tax rate is basically setting up a government tax cartel. From Robert Zumwalt at mises.org:

Austrian school economists have long demonstrated that monopolies only tend to form as a result of government intervention, and “natural monopolies” have virtually never actually existed. Nonetheless, we are continually told by political and academic “experts” that unregulated economies inevitably give rise to monopolies, business trusts, and cartels, all of which they assure us have disastrous consequences for ordinary people. Therefore, we are told, governments are justified in taking forceful action to prevent monopolies from developing or to break them apart.

In this debate, the interventionists frame themselves as opposing the anticompetitive forces of large corporations having too much control over the lives of ordinary people. It is noteworthy, then, that these same interventionists support similar kinds of anticompetitive practices, and the increased control over people’s lives they entail, when they are employed by governments instead.

To that end, the leaders of the G-7 nations have recently gathered to propose a global minimum corporate tax that would allow national governments to exert a form of monopoly power of their own over the taxation of business within their borders. A major element of the proposal, if brought to fruition, is the requirement that every nation impose a minimum corporate tax rate of at least 15 percent. The clear purpose of this part of the proposal is to eliminate the so-called race to the bottom in corporate taxes, which is a euphemism for high-tax nations’ hopes of shielding themselves from competition from nations with low tax rates seeking to attract businesses away from them.

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“We’ve Reached Our Breaking Point” – Dozens Of Baltimore Businesses Threaten Not To Pay Taxes, by Tyler Durden

Here’s a question that doesn’t get asked nearly often enough: why should you have to pay taxes when you get nothing in return from the government? From Tyler Durden at zerohedge.com:

It comes as no surprise to readers that dozens of Baltimore City businesses, located in the Inner Harbor, in a stretch called “Fells Point,” are threatening the new city government, run by Mayor Brandon Scott, with not paying their taxes because they’re “fed up and frustrated” with the outburst of violence.

In a letter titled “Letter to City Leaders From Fells Point Business Leaders,” addressed to Mayor Brandon Scott, Council President Nick Mosby, Councilman Zeke Cohen, Madam State’s Attorney Marilyn Mosby, and Commissioner Michael Harrison, the 37 restaurants and small businesses are threatening to stop paying city taxes and other fees until “basic and essential municipal services are restored.”

What’s happening in Fells Point, known for its hipster pubs and taverns, as well as delicious seafood from the Chesapeake Bay, is experiencing an overflow of violent crime from other troubled areas.

The letter comes after three men were shot in Fells Point over the weekend.

“What is happening in our front yard — the chaos and lawlessness that escalated this weekend into another night of tragic, unspeakable gun violence — has been going on for far too long,” said the letter. 

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A Sinking Ship of State Drowns Everyone, by Lawrence Kadish

Debt is always weakness. As the US government flounders under its mountain of debt, other countries will take advantage of its fiscal weakness. From Lawrence Kadish at gatestoneinstitute.org:

  • To be clear, the spending bill is actually the creation of a national debt so massive that it has the means to destabilize a democracy dependent on a functioning economy.
  • For the Chinese Communist Party, seeking to master the 21st Century as the one global superpower, it represents a strategic victory without so much as firing a single bullet. They know that an economically weakened America cannot possibly sustain its military leadership when it is burdened with paying down a massive debt. Our allies and unaligned nations recognize this threat as well, and will reinvent their relationship with China if they believe America’s best days are in the past.
  • What makes the Administration believe that Corporate America would not respond with massive restructuring to avoid a confiscatory tax bill — or passing the added cost on to the consumer, or moving the company’s headquarters offshore to a country with a lower corporate rate — to avoid the threat of losing its international competitive edge? Corporations have good accountants, too.
  • Few debate the idea that our nation’s infrastructure is in need of serious attention but the level of political dishonesty in characterizing the Biden plan as “infrastructure” has even made many in his own party queasy. Significant portions of the bill are earmarked for “environmental” agendas and seeming favors to campaign donors, such as billions in subsidies for electric vehicles. The proposed bill cries out for more sunlight and vast quantities of disinfectant.
  • This recipe for an economic apocalypse comes at a time when new job creation has stagnated and the specter of a serious inflation has begun to emerge…. As historians will tell you if we have the wisdom to listen, no one escapes the devastation of a debtor nation. No one.
(Image source: iStock)

One suspects that historians and economists will consistently agree on one irrefutable fact: nations that allow their economies to bathe in red ink are destined to fail. This failure takes many roads and differs in timing, but massive, uncontrolled national deficits eventually reduce a nation state to being a pauper, a pariah — and pathetic.

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Welcome to Walley World! by MN Gordon

Several Democrat-controlled states are running big surpluses, thanks to payments from Washington, but they’re still trying to pass tax hikes. From MN Gordon at economicprism.com:

One of the fringe benefits of Washington’s stimulus program has been inflated stock portfolios.  This has delivered a great boon for certain state governments.  In Connecticut, for example, a state that taxes capital gains as regular income, this year’s budget surplus is projected to be $470 million.

That’s quite an achievement.  Especially when you consider the state’s rainy-day fund will hit an all-time high of $4.5 billion.  Federal coronavirus stimulus is also bringing $6 billion into the state.

Yet for the greedy fellows in the Connecticut state legislature the budget surplus is not nearly enough.  They want to soak the rich for the noble purpose of helping people.  Lawmakers are proposing a “surcharge” on high earners; single filers making more than $500,000 will be subject to a combined capital gains rate of 8.99 percent.

But that’s not all.  The state legislature also wants to create something it calls a “consumption tax.”  People earning more than $500,000 would pay 0.7 percent of their adjusted gross income.  That rate would rise to 1.4 percent for those earning $2 million, then 1.5 percent over $13 million.

The dillweed state planners already have grand plans for these coercive funds.  The money would go into a new Equitable Investment Fund that would be managed by an Equitable Investment Council.  The intent of the fund, in addition to collecting fees, is to reduce income inequality and redistribute wealth to certain disadvantaged groups.

Democratic Governor Ned Lamont recently had the gall to oppose the proposed taxation schemes.  And for that, hundreds of protestors showed up at his house and staged a mass ‘die-in’.  In this novel protest, freeloaders pretended to die in front of Mr. Lamont’s house because they want more free stuff…and he doesn’t want to give it to them.

This behavior, no doubt, has been conditioned in numerous states across the USA…

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Inflation: Your Role as a Milk Cow, by Jeff Thomas

Shut up, ask no questions about the government inflating its money supply, and continue to produce so that the government may tax you. From Jeff Thomas at internationalman.com:

milk cow

Traditionally, inflation has been defined as “an increase in the amount of currency in circulation.” Such an increase almost always causes an increase in the cost of goods and services, since, more plentiful currency units lowers their rarity, as compared to the supply of goods and services, which remains roughly the same. Therefore, it shouldn’t be surprising if a 20% increase in the amount of currency units translates into a 20% increase in the price of goods and services.

Unfortunately, in recent decades, even dictionaries have been offering a revised definition of inflation, as “an increase in the price of goods and services.” This is a pity, as it makes an already confusing subject even more difficult to understand.

This is especially true for the average guy who has a minimal understanding of economics, but does realise that, even if his wages increase (which he regards as a good thing), he never seems to get ahead. In the end, he always seems to be worse off.

Let’s say that you’re paid $4000 per month. You budget for housing, food, clothing, transportation, etc. Let’s say that that adds up to $3800 per month, and you’re hoping to put $200 per month into savings. Often that doesn’t happen, as unplanned expenses “pop up,” and must be paid for. So, in the end, you save little or nothing.

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Peter Schiff and Tucker Carlson: The Financial Crisis Will Be Worse Than the Pandemic

Much of the official coronavirus response, particularly lockdowns and closing businesses, has done irreparable harm to an already ailing economy and will help usher in a gargantuan economic crisis. From Peter Schiff and Tucker Carlson at schiffgold.com:

Consumer Price Index (CPI) data for April came in much hotter than expected. Year-on-year, inflation is up 4.2%. The big number even prompted Federal Reserve Vice Chairman Richard Clarida to say, “We were surprised by higher than expected inflation data.”

Peter Schiff appeared on Tucker Carlson’s show to talk about the consequences of more printed money chasing fewer goods. Peter said inflation is going to hit the middle class harder than the pandemic.

Peter said this hot CPI print is a cause for concern and ultimately it is a tax.

It is the inflation tax. And if you look at how much the cost of living went up, measured by the CPI in the first four months of this year, it’s 2%. So, if you triple that to annualized it, we have consumer prices rising at 6% annually. But if you look at the monthly numbers, every month it accelerates. So, if you extrapolate the trend of the first four months of this year for the entire year, you’re going to get a 20% increase in consumer prices in 2021.”

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