Many poverty relief laws and policies are premised on the assumption that only "the rich" will bear the costs. In fact, the incomes and well-being of many low-income individuals are taxed and diminished to benefit a nebulous group known as "the poor."
Those who want a higher minimum wage often claim it is necessary to combat a rising cost of living. However, these same people often support policies that raise the cost of living and drive real wages down.
The pro-tax crowd continues to tell us that the rich aren't paying their "fair share" and that the system taxes the poor more than the rich. The opposite is true, although this doesn’t justify more taxes for either the rich or the poor.
Since 2010 with the "General Anti Abuse Rule," it's becoming increasingly illegal in the United Kingdom to even minimize one's tax bill through what were once considered to be uncontroversial financial planning techniques.
In its latest fund-raising ploy, NASA claims the ability to predict an event that will definitely happen ten years from now.
Global boxing star Manny Pacquiao, in spite of the fact he isn’t a US resident or citizen, owes the IRS $18 million, and they plan to demand a lot more when Pacquiao fights in Las Vegas next month.
Time reports that Rand Paul has come out in favor of a sizable boost to defense spending.
It's much easier to calculate the direct cost of a tax than the many indirect costs of a government regulation. Nevertheless, government regulations remain some of the biggest millstones around the neck of human progress and ingenuity.
Conscription has become an issue in Ukraine where young men are attempting to avoid compulsory military service. But Ukraine is not unique, and states across the globe and throughout history have imposed the 100-percent tax known as "the draft."
