Noah and the Ark

American colonists seized and burned British cargo ships while Franklin negotiated with British Parliament for no taxation without representation. A fuller account is found in The Gift on CD for $28. Order via email.

Article I, Section 8, Clause 1 of the United States Constitution requires uniform taxes.

Numerous Supreme Court decisions found the income taxes of Lincoln unconstitutional. The original 1913 income tax was promised to be no more than a few percent on the rich. The original social security number and withholding were not supposed to be National ID or permanent. Sound familiar?

Today the IRS tax code is more complicated and lengthy than the Bible. In many cases, the IRS or multiple accountants cannot answer tax questions consistently or correctly, creating a need for tax attorneys.

Further, the tax code became political leverage for lobbyist fund raising from deep pocket special interests.

Dan Rostenkowski and Jim Wright of the House Ways and Means Committee inserted specific tax exemptions of their properties into the law.

When Bill Archer of the House Ways and Means Committee invited tax testimony on replacing the income tax with a better tax, we submitted testimony on the flat tax supported by Hall-Rabushka and H Ross Perot for publication. Russia instituted a 13% flat tax and their revenues and economy soared in anticipation and after.

It is a well-known Adam Smith Wealth of Nations 1776 principle that lowering tax rates increases revenues.

Presidents Kennedy and Reagan, both with economic degrees, proved this during their administrations. Most Congresses and Presidents proved the inverse corollary: raising tax rates decreases revenues and increases debts.

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This entry was posted on Monday, April 6th, 2009 at 12:28 am and is filed under Prosperity. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

 

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