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Posts Tagged ‘taxes’

America Was Much Better Off Before The Income Tax

April 14th, 2013

recession governmentDid you know that the greatest period of economic growth in American history was during a time when there was absolutely no federal income tax?  Between the end of the Civil War and 1913, there was an explosion Read more…

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The Federal Reserve System Is A Massive Wealth Redistribution Scheme

March 14th, 2013

Federal reserveDuring fiscal year 2012, $359,796,008,919.49 that had been forcibly extracted from American taxpayers was transferred into other hands.  Most of it ended up in the pockets of the global elite.  So what did the American people get in return for that 359 billion dollars?  Nothing at all.  No roads were built, Read more…

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16 Signs That The Middle Class Is Running Out Of Money

February 28th, 2013

economyIs “discretionary income” rapidly becoming a thing of the past for most American families?  Right now, there are a lot of signs that we are on the verge of a nightmarish consumer spending drought.  Incomes are down, taxes are up, many large retail chains are deeply struggling because of the lack of customers, Read more…

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Do You Believe It’s Time To Abolish The Income Tax?

February 18th, 2013

tax1Michael Snyder: The federal income tax is a bad joke and it needs to be abolished.  All over the nation, hard working American families are being absolutely crushed by oppressive levels of taxation, and our politicians are constantly Read more…

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Why Are Major Retail Chains All Over America Collapsing?

February 17th, 2013

retail etfMichael Snyder: If the economy is improving, then why are many of the largest retail chains in America closing hundreds of stores?  When I was growing up, Sears (NASDAQ:SHLD), J.C. Penney (NYSE:JCP), Best Buy Read more…

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Debt Ceiling Crisis: Will Obama Just Create A Trillion Dollar Coin?

January 7th, 2013

Michael Snyder: If Barack Obama can “solve” the debt ceiling crisis by printing up some trillion dollar coins, then why does the federal government need our money?  As another debt ceiling showdown Read more…

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Fiscal Cliff Deal: The Good, The Bad And The Ugly

January 3rd, 2013

Michael Snyder: The fiscal cliff deal contains more bad news than it does good news.  Yes, the tax increases on the middle class could have been much worse, and we should be thankful that Congress at least did something for the middle class.  Unfortunately, they didn’t do enough.  Every American worker is going to pay higher taxes next year as a result of this deal. Read more…

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16 Things That Won’t Help The Economy In 2013

December 28th, 2012

Michael Snyder: The beginning of the year has traditionally been a time of optimism when we all look forward to the exciting things that are going to happen over the next 12 months.  Unfortunately, there are a whole bunch of things Read more…

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Watch Out For These Tax Law Changes In 2013

December 27th, 2012

Money Morning Staff: Some of the 2013 tax law changes slated to take effect Jan. 1 could hit your portfolio if you aren’t prepared – and some will go into effect regardless of the fiscal cliff resolution.  Read more…

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Peter Schiff: Higher Taxes On The Rich Is Not The Solution To The Nation’s $16 Trillion Debt

December 13th, 2012

David Zeiler: While some “liberal pundits” have suggested the United States set 2013 tax rates for the rich back to the high rates of the 1950s, renowned economist Peter Schiff says that would simply result in the rich paying less than they do now. Read more…

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Why The U.S. Tax System Is Broken

December 6th, 2012

Michael Snyder: Every year average Americans pay dozens of different types of taxes, and yet many of our politicians are very open about the fact that they want to raise rates even higher Read more…

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The Billionaires vs. The Millionaires

December 3rd, 2012

Jeff Nielson: Warren Buffett was at it again recently: telling anyone who would listen about the need for a “millionaires tax” in the United States. However, while the Corporate Media was (as usual) heaping praise on Buffett, the reality is that Warren Buffett is not being Read more…

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Fiscal Cliff: Why The Government Is Gambling With Our Economy

November 29th, 2012

Michael Snyder: The fiscal cliff is coming!  Run for the hills!  There have been endless stories in the mainstream media about the “fiscal cliff” that our country is facing if the Democrats Read more…

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Will The Wealthy Race To Dump Stocks and Other Financial Assets Before The Fiscal Cliff Kicks In?

November 13th, 2012

Michael Snyder: The election results made it abundantly clear that taxes are going to be going up, and right now a lot of wealthy people all over America are trying to figure out how to best position themselves for the hit that is coming.  There are a whole host of tax cuts that are set to expire Read more…

NYSE:FAZ, NYSE:GLD, NYSE:SLV, NYSE:SPY, NYSE:TZA

Are You Ready for “Taxmageddon”? 6 Alarming Tax Increases You Can Expect Next Year

June 29th, 2012

Don Miller: A slow moving train wreck known as “Taxmageddon” is creeping toward U.S. taxpayers.  You see, if Congress doesn’t act by year’s end, numerous tax breaks will expire — and hit every American taxpayer squarely in the wallet. Read more…

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