Federal Tax

'X' Marks The Spot - Wages Started Losing When The Dollar Delinked From Gold In 1971

At “X” Marks the Spot, "[s]omething happened," and the wages of goods-producing workers flatlined, never to recover. As it happens, “X” correlates with Nixon shutting down the Bretton Woods gold standard in 1971 and the epic failure to get it fixed and restored in 1973. The drag, after a modest lag, filtered into the working economy. The rest is persistent stagnation for median families.

How The Deep State's Cronies Steal From You

Much of The Deep State's growth is recorded in the pages of the Code of Federal Regulations (CFR). This tracks all the laws laid down by successive governments. A privilege, a special tax break, a rule, a prohibition, a piece of meat here, a piece of meat there… and soon the foxes are eating high on the hog.  But what’s meat for the foxes is poison for the economy.

Which US States Have The Highest And Lowest Gasoline Taxes

Here are the gas tax rates, effective as of April 1, in every US state from the highest (Pennsylvania, Washington, and New York), to the lowest (South Carolina, New Jersey - yes NJ has a low tax for something - and Alaska).

Jim Grant Asks When The World Will Realize "That Central Bankers Have Lost Their Marbles"

Does the deployment of helicopter money not entail some meaningful risk of the loss of confidence in a currency that is, after all, undefined, uncollateralized and infinitely replicable at exactly zero cost? Might trust be shattered by the visible act of infusing the government with invisible monetary pixels and by the subsequent exchange of those images for real goods and services? To us, it is the great question. Pondering it, as we say, we are bearish on the money of overextended governments. We are bullish on the alternatives enumerated in the Periodic table. It would be nice to know when the rest of the world will come around to the gold-friendly view that central bankers have lost their marbles. We have no such timetable. The road to confetti is long and winding.

"Why I'm Proud That My Tax Bill Is Zero!"

The standard narrative we are told by the government and their lapdog media is that tax avoidance is something that self-centered rich assholes do so that they can buy more Ferraris. This is complete propaganda. Taking legal steps to reduce what you owe is all about ensuring that your labor goes to the causes that YOU believe in, rather than funding spy agencies and bombing raids on children’s hospitals.

Jim Grant: "Make America Solvent Again"

$13,903,107,629,266. Can the nation afford this much debt? This much we have learned about debt after 40 years of writing and study: It is better not to incur it. Once it is incurred, it is better to pay it off. America, we have a problem.

The Best (And Worst) States To Avoid Income Taxes

As Tax Day (April 18th) looms, we are once again reminded of how deeply the government reaches into our pockets. However, as Bloomberg details, there is one way to reduce your income tax burden - Switch states. Federal tax rates are the same no matter where you live, but state income taxes are all over the place. See how your state stacks up...

Recipe For Collapse: Rising Military & Social Welfare Spending

Sadly, nations get the leadership they deserve. Turning a blind eye to reality is not a sustainable "solution." Leaders faced with unrest, rising demands and dwindling coffers always debauch their currency as the politically expedient "solution."