Commentary The greatest athletes of all time, the GOAT’s, could become the G-TOAT’s, the greatest taxpayers of all time under, Build Back Better. There are always winners and losers when Congress increases taxes or tries to make the Internal Revenue Code fairer. Fair is always a moving target. Build Back Better targets the most successful…
NTD Business Full Broadcast (Nov. 11)
The IRS updating how your income tax will be calculated to adjust for inflation. What are the changes and how will they affect you? Disney shares down 7 percent today, after telling investors its subscriber growth is slowing down, but its theme parks are seeing more business. Elon Musk selling billions worth of Tesla stocks – first time…
Larry Sharpe: How America Could Be Made a Tax-Free Nation
Income tax in America changed in the early 1900s, and the tax systems in the United States are no longer as they were in the times of the Founding Fathers, or their original ideas on how the federal government should be financed. To learn more about the U.S. tax system, and the other potential options…
US Households Paying No Income Tax Hit 61 Percent of Total in 2020
By Laura Davison From Bloomberg News Nearly 61 percent of U.S households paid no federal income taxes during pandemic-stricken year of 2020, because of declines in income and boosts to government subsidies that wiped away tax liabilities, according to data from the Urban-Brookings Tax Policy Center. The number of households owing nothing came in at…
‘Fair Share’ Income Tax Debate Long on Rhetoric, Low on Facts
Commentary As Canadians prepare to elect their next federal government, there are growing calls to raise taxes on high-income earners in Canada, based on the belief that they don’t pay their “fair share.” Unfortunately, political rhetoric on taxes typically involves little discussion of actual facts about the distribution of taxes paid by different income groups….
What Is to Be Done? A New Economic Model
Commentary What is to be done? Lenin’s 1902 question, posed as he was effecting his takeover of the Bolsheviks with an eye to absolute power in Russia, continues to echo down the decades. Lenin understood that first the struggle for supremacy had to be won at the intellectual and theoretical level and then, when the…
West Virginia: Another Tax-Free Heaven?
Commentary West Virginia is unique among America’s 50 states. At a convention in Wheeling, Virginia, in 1861, delegates from Virginia’s northwest counties, which were loyal to the Union, voted to break away from that state over the issue of slavery and their refusal to be part of the Confederate states. West Virginia is again attempting…
NTD Business Full Broadcast (Mar. 9)
A buying surge creating port backup delays. Container ships are waiting days to unload. What’s causing the buildup? Do you want to work four days a week instead of five? There are job offers that allow you to do just that. And experts say it’s gaining traction. Central banks continue printing money to support the…
The Now-Complete Democrat Trifecta Threatens Tax Hikes
Commentary Understandably lost in the wake of Wednesday’s shocking events was the fact that, with two election wins in Georgia, Democrats took control of the Senate to go with control over the House and presidency. Though tax policy may have taken a backseat in these Georgia elections, the results raised the chances of significant tax…
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The Nation Speaks (Jan. 23): Alan Dershowitz on the Perils of Impeachment; Finding Common Ground; Why America is the World’s Most Generous Country
In this episode, we talk to Alan Dershowitz, Harvard Law School professor emeritus and constitutional law expert, about the dangers of using impeachment as a political tool and the future of free speech in America. And in a time of deep divide, Dr. George Barna, director of research at Cultural Research Center at Arizona Christian…