It seems that when Chief Justice John Marshall was preparing the opinion for McCulloch v. Maryland he tapped into an eternal truth. “The power to tax is the power to destroy,” he wrote on behalf of a unanimous Supreme Court. Those words are no less true in 2014 than they were in 1819. Taxation appropriates money from one person or group of people in order to give it to others. There is no way to escape taxes. But there is a way to make taxes somewhat fairer. One way is to make taxes flatter and expand the tax base.
Tagged: Flat Tax
The collecting of taxes is always a sticky subject for proponents of the free market to address. This is due to their natural tendency to spurn taxes in general. Yet, if change to the current unfair, prosperity-stifling tax regime is to occur, we need to offer a meaningful solution beyond the simple call to reduce taxes and spending (appealing as they might be). One solution that might go a long way toward improving how the government collects taxes is the Automated Payment Transaction Tax (APT tax).
Coming thirteen days after state and federal income tax returns were initially due, Tax Freedom Day, according to the Illinois Policy Institute’s Senior Budget and Tax Policy Analyst Benjamin VanMetre, marks the point in the year when Illinoisans have worked long and hard enough in the aggregate to cover their share of state, federal and local taxes “and can start keeping their hard-earned money.” About a third of Illinois residents’ efforts this year – 118 days’ worth out of the calendar year’s 365, in other words – went just to paying taxes.
TweetSteve Staneck interviews Ben Van Metre, Senior Budget, Tax and Policy Analyst at the Illinois Policy Institute, regarding Illinois’ movement from Flat tax to Progressive income tax. This movement is[…]
Tweet[First published at The American Spectator.] It seems like everyone is piling on my college friend Grover Norquist because they can’t wait to abandon the tax pledge not to raise[…]
TweetThere have been attack ads against candidates who support the FairTax in at least 19 races this year. As a result today’s Wall Street-Journal is prematurely blaming the FairTax for[…]
TweetI have been on record numerous times as being very strongly against the idea of implementing a Value Added Tax (VAT) both here and here. So my initial reaction to[…]