Did 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 of economic activity in the United States unlike anything ever seen before or since. Unfortunately, a federal [...]
Blog Archives
Abolish The Income Tax: You Won’t Believe Who Is Getting Away With Paying Zero Taxes While The Middle Class Gets Hammered
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 coming up with new ways to extract money from all of us every single year. Meanwhile, many ultra-wealthy Americans [...]
Tagged with: American, American Families, Big Corporations, Corporations, Families, Federal Income Tax, Income Tax, Loopholes, Offshore, Offshore Tax Havens, Profitable, Profits, Tax Burdens, Tax Code, Taxation, Taxes, The Income Tax, The Middle Class, Ultra-Wealthy, Wealthy
Posted in Michael Snyder
Posted in Michael Snyder
Abolish The Income Tax: You Won’t Believe Who Is Getting Away With Paying Zero Taxes While The Middle Class Gets Hammered
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 coming up with new ways to extract money from all of us every single year. Meanwhile, many ultra-wealthy Americans [...]
Tagged with: American, American Families, Big Corporations, Corporations, Families, Income Tax, Loopholes, Offshore, Offshore Tax Havens, Profitable, Profits, Shell Companies, Tax Avoidance, Tax Burdens, Tax Code, Taxation, Taxes, The Federal Income Tax System, The Middle Class, Ultra-Wealthy, Wealthy, Zero Taxes
Posted in Michael Snyder
Posted in Michael Snyder
The Good, The Bad And The Ugly From The Fiscal Cliff Deal
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 [...]
Tagged with: All Of This Debt, America, Blind, Debt, Finances, Fiscal Cliff, Government Debt, Higher Taxes, Middle Class, National Debt, Tax, Tax Increase, Tax Increases, Taxes, The Debt, The U.S. National Debt, This Debt
Posted in Michael Snyder
Posted in Michael Snyder
Happy New Year Middle Class: The Fiscal Cliff Is Going To Rip You To Shreds
The middle class has quite a gift welcoming them as the calendar flips over to 2013. Their payroll taxes are going to go up, their income taxes are going to go up, and approximately 28 million households are going to be hit with a huge, unexpected AMT tax bill on their 2012 earnings. So happy [...]
Tagged with: AMT Tax, Decline, Fiscal Cliff, Gift, Income Taxes, Middle Class, Paychecks, Payroll Taxes, Tax, Tax Bill, Tax Bills, Tax Hikes, Tax Increases, Taxes, Taxpayers
Posted in Michael Snyder
Posted in Michael Snyder
- Energy – Balancing the Bonanza: Interview with Mark Thoma
- New Wyoming Lithium Deposit Could Meet all U.S. Demand
- Fractured US Intelligence Rules out Greater Cooperation with Russia
- UK Ministry of Defense Deems Wind Towers a National Security Threat
- Oil Explorers Beware: Hackers Are Eyeing What You Know
- Ahmadinejad and the Resurrection of Hugo Chavez
- Why Do They Hate Us Again? Oh, Right. Now I Remember.
- Peak Oil Is Almost Here and There’s No Magic To Counter It: Interview with Dave Summers
- Russia is Back to Stay in the Middle East
- Choosing the Right Oil Company to Own in 2013
- They Call This Higher Education?
- The Royal Society Gets Radical
- Recent Press Releases
- The Playing Field Isn’t Remotely Level
- WWF Gets Into Bed with Oppressive Dictatorship
- Two Quotes from Mark Jaccard: 2013 vs 2011
- Speakers’ Bureau Still Says Jaccard is a Nobel Laureate
- The Drama Queen Files – Exhibit #6
- The Way Nature Intended
- The Scare Story of 1881
Consumer Spending Drought: 16 Signs That The Middle Class Is Running Out Of Money
Is “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, and at [...]
Posted in Michael Snyder