Taxes

Washington: It’s Our Money You’re Spending

Remember this simple fact whenever a political candidate or government official tells you he or she will give you something: Government does not have anything to give that it does not first take from somebody else. It’s an axiomatic truth that our government cannot give us anything unless it first takes it from somebody else. …

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Would Obama’s Robin Hood Tax Plan Redistribute Wealth?

The National Taxpayers Union and the National Taxpayers Union Foundation prepared some easy-to-read tables entitled “Who Pays Income Taxes?” for tax years 1999-2006 using Internal Revenue Service data. According to them, the top 1% of income earners in 2006 paid 39.89% of all personal income taxes while the bottom 50% of income earners paid just …

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