Publisher’s Note: Here we are in another deadline for paying the king and country their ”fair share” of honest wages and wealth earned and resources capitalized. Much like the burgeoning welfare state comprising one third of total government spending in 1900 on Union pensions from Lincoln’s bid to crush the entire nation under a Hamiltonian boot that foreshadowed the Bolshevik revolutions in the twentieth century.
Taxes advance barbarism and not civilization. They promote the notion that death and taxes isn’t necessarily the right sequence if you stand up and refuse to be robbed. All government is based solely on hitting and stealing and rationalizing all forms of anti-social behavior and legalizing piracy and plunder and calling it an enterprise for your own good. Government are nothing more than sophisticated brigand bands with bad music, colored rags flapping in the breeze and large bands of armed thugs with a license to kill.
We all pay at the peril of our children and grandchildren as we feed the beast that makes life more and more centralized, regulated and less than optimal.
Just a note that I quote Reagan for one of his few sober thoughts on economics because while he talked a good game, he was no more fiscally conservative than any of the Presidents following Eisenhower and succeeding him in office in 1989. I will give Reagan his due for reducing income tax rates from a high of 70% to 28% but no closer to zero than my comfort zone for taxation. Eisenhower managed to reduce government spending per GDP by two percentage points, not Reagan who spent absurd amounts of other people’s money and popularized deficit spending for the voter mobs. I highly recommend The Great Deformation by former Reagan advisor David Stockman for a fairly thorough analysis of the fiat currency and bankster chaos that has consumed the American economy for the better part of a century. I don’t agree with all of Stockman’s conclusions and his continuing faith in the “right” regulatory regime is quaint but illusory in application.
I’ll be back to more regular essay production as soon as our moving and unpacking is complete in our new location.
Happy tax day, Helots. -BB
“You can’t tax business. Business doesn’t pay taxes. It collects taxes.”
― Ronald Reagan
Taxation is theft and the acquisition of other people’s resources with a velvet glove backed by a mailed fist. It is simply one of the many ways in which the state brutalizes and impoverishes its tax cattle on a daily basis. Despite the government-media complex insistence that the tax rate in America is tolerable if not fair, anything above zero is morally wrong if the robbed don’t agree implicitly and consensually to the mugging for whatever fantastic services the state proclaims it provides.
The French aren’t the only ones to achieve a 100 percent tax rate, they’re just more blunt about it.
So I want to destroy a myth, I want to show you through sheer numbers and data that the state in America has a tax rate that exceeds 100% to which the normal American having had a proper government education will insist that is impossible.
I’d like to excise some of the population that is obviously at this point. Now the tax rate for incarcerated Americans is exactly 100% since their lives have been stolen in total. The tax rate on certain targeted marijuana businesses in the US under IRS code 280E are taxed in excess of 80% (some approaching 100%).
“I believe that the feds extend the drug war through 280E,” said Cornelius. “If (the federal government) can’t put them out of business legally when voters are mandating these businesses to move forward, it’s very easy to put them out of business financially. A lot of times, instead of paying a tax rate that should be 30 to 40 [percent], they are paying rates between 80 or 90 percent. I even have a client right now that is paying more than 100 [percent] effective tax rate.”
Apart from the sheer moral hazard and absolute immorality of the aforementioned cases, I would suggest that all Americans pay an effective tax rate that exceeds 100% even though that beggar’s belief and rational thought but we are talking about the government.
Direct taxation in America on the Helots residing within and without the US and its territories is enormous and takes on many tangential impacts. “The United States is the only country that taxes its citizens’ worldwide income, even when those citizens live indefinitely abroad.”
An ordinary US subject will pay Federal, state (43) and/or city income taxes, property taxes, excise taxes, sin taxes, sales taxes, Socialist Security, Medicare, unemployment and corporate income taxes. I have given a brief overview of most progressive taxes and there are regressive taxes like the gasoline tax that the Feds are gnashing their fangs over since prices have gone down and they were foolish enough to assign a percentage of price instead of flat fixed levy.
Then there are the death taxes to pay a gratuity to the state(s) per the required death levy once the owner has assumed room temperature and you are taxed once again on monies that have already had taxes stolen from the whole. This tax is 18-40% on previously taxed assets.