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In Defense of a Progressive Tax System … Not

thedailybell.com / By Staff Report / April 16, 2014

The lost promise of progressive taxes … By midnight on April 15, roughly 140 million Americans will have filed their federal income tax returns and breathed a sigh of relief. Politicians from both parties, however, will spend most of the day criticizing our current tax system. [...]

Taxpayer money used to build wind turbines that don’t work

naturalnews.com / By J. D. Heyes / April 15, 2014

It is safe to say that virtually all Americans want clean air and clean water, but at the same time, they also want any government-run effort to obtain these goals to be realistic and frugal. Tax money, as the annual budget deficits of the last [...]

Things That Make You Go Hmmm… Like Rigged Markets (All Of Them!)

zerohedge.com / By Tyler Durden / 04/14/2014 20:37 -0400

While Grant Williams can’t speak for anybody else, his nearly thirty years immersed in equity, bond, and commodity markets all around the world, have shown him enough to absolutely confirm in his own mind that the markets are rigged. Not just some of them. All of [...]

A Gift from the White House: Your 2013 Federal Taxpayer Receipt

thedailysheeple.com / By Melissa Melton / April 14, 2014

As if transparency is the biggest issue here, the White House has sent out an interactive 2013 federal taxpayer receipt to show you how the money our government spent supposedly broke down last year…you know, as if you or I really had a say in any [...]

If it’s such a privilege, why do they have to stick a gun in your face?

sovereignman.com / Simon Blackon / April 12, 2014

Buenos Aires, Argentina

Two. Billion. Hours.

That’s how much time people in the Land of the Free waste each year preparing and filing their tax forms to the IRS– roughly 13 hours for each of the ~150 million individual returns filed.

And if you’re doing your own [...]

People’s Tax Refunds Will Be Used to Pay Decades-Old Debts From Parents

opposingviews.com / By Marc Fisher / April 11, 2014

Don’t get too excited thinking about how you will spend your tax return just yet.

The Washington Post reports that the Social Security Administration and the Treasury Department are intercepting refund checks from thousands of unsuspecting Americans to pay off debts incurred by past family members.

[...]

The New 1%

blog.milesfranklin.com / By Andrew Hoffman / April 11th, 2014

I have lots to discuss ahead of a big weekend – when I travel to New York, to attend a party celebrating my mother’s 70th birthday and 25th wedding anniversary. Between now and my flight this afternoon, however, I’ll discuss an exponentially growing list of “horrible [...]

Higher Taxes Don’t Make Capitalism “Work Better”

mises.ca / by James E. Miller / April 11th, 2014

“Would Capitalism Work Better With Higher Taxes?”

That’s the title of a new Globe and Mail editorialwritten by Doug Saunders. The question is innocent enough. The article treads lightly on the topic without ideological moralizing. The dilemma of how to make capitalism “work [...]

Peter Schiff Goes to Puerto Rico

testosteronepit.com / By Nick Giambruno, internationalman.com / April 9, 2014 at 2:43PM

It’s been a little over a year since I sat down with Peter Schiff at his house in Connecticut to discuss the importance of international diversification. Since then, the options available to take protective measures have declined in many ways, especially as the [...]

Heartbleed bug prompts Revenue Canada website shutdown

news.ca.msn.com / April 9, 2014

The Canada Revenue Agency has shut down the public access portion of its website due to the Heartbleed bug.

The bug is a recently discovered vulnerability in a version of OpenSSL security software code that is installed on two-thirds of the active servers connected to the internet.

Installed on about [...]

Corporate Profits and Tax Loopholes

batr.org / By James Hall / April 9, 2014 Record US corporate profits are the beneficiary of easy money, near zero interest rates and monopolist aided government tax policies. The upward surge in earnings since the depths of the financial collapse proves one incontrovertible fact; namely, tax regulations, implemented to aid favorite companies, is the [...]

A New World Tax Regime

thenewamerican.com / By Alex Newman / 08 April 2014 11:30

To anyone who even casually monitors international agencies — such as the UN, the OECD, and the IMF — it will come as no surprise that those agencies have long wanted stable sources of funding that they could count on, rather than relying on handouts [...]

Stunning: US government calls 2% tax rate “extorti

sovereignman.com / by Simon Black / April 8, 2014

Pop quiz: how much do you weigh in kilograms?

If you live in just about every country on the planet, you know the answer immediately.

But if you live in the United States, you’re probably pulling out a calculator right now. That’s because the US is [...]

House Panel Refers IRS’ “Teaparty Nemesis” Lois Lerner For Criminal Prosecution

zerohedge.com / by Tyler Durden / 04/09/2014 12:28 -0400

The woman at the center of the IRS-Tea-Party-Targeting debacle is back in the limelight once again as theHouse Ways and Means Committee voted 23-14 to formally ask the Justice Department to investigate the ex-IRS official. As Fox notes, this appears to be an escalation by the [...]

Republicans and Refundable Tax Credits

lewrockwell.com / By Laurence M. Vance / April 8, 2014

The so-called Bush tax cuts were, unfortunately, set by Republicans to expire at the end of 2010. Although they were extended, with modifications, and then extended again, with more modifications, thisRepublican blunder has led—like so many of their other actions—to an increase in the welfare [...]

HFT Trader Busted For Spoofing Nearly Cheated His Way To The Top Of CNBC’s Million-Dollar Challenge

zerohedge.com / By Tyler Durden / 04/07/2014 20:55 -0400

On Friday, we reported that in the latest in a long series regulatory crack downs of low grade high frequency traders – because obviously nobody will touch the big boys – the “SEC busted HFT firms for “tricking people into trading at artificial prices.” What is [...]

Tiny Maine Against Tax-Dodging Multinationals

testosteronepit.com /By Abigail Field, Attorney, Benzinga / April 7, 2014 at 4:48PM

While Congress cowers before multinationals’ lobbyists and moves to re-enact loopholes that let corporations like GE and Apple hide their income from the IRS, the Maine Legislature decided it had had enough. On Friday, April 4, Maine passed legislation that will end some [...]

Why Are Americans Paying to Be Searched, Spied On, Shot At and Robbed Blind by the Government?

theburningplatform.com / By John Whitehead / April 7, 2014

“To force a man to pay for the violation of his own liberty is indeed an addition of insult to injury.”—Benjamin Tucker, 19th century advocate of American individualist anarchism

The State Department wants $400,000 to purchase a fiberglass sculpture of a camel looking at a needle [...]

George Soros Pushes For Pot Legalization

zerohedge.com / By Tyler Durden / 04/04/2014 19:56 -0400

It seems two states is not enough for billionaire investor George Soros (who is ranked the 9th most influential marijuane user in the US). As The Washington Times’ Kelly Riddell reports, advocacy groups are leading the campaign to crush marijuana prohibition from coast-to-coast, and 83-year-old Soros [...]

Beyond a Reasonable Doubt

thedailysheeple.com / By Will Kesler / April 4th, 2014

Years ago I discovered to my astonishment, anger and remorse that our government is collecting income tax devoid of legal authority. Therefore, I have publicly refused to file an income tax return for the past 12 years. If brought before a jury of my peers I [...]

The Disturbing Truth Behind Your Next Income Tax Return

lfb.org / BY JEFFREY TUCKER / APR 4, 2014

The least of the problems with income tax is that it takes your money. The really big problem is that the income tax takes your life. It gives the government direct access to the things you own and sets up the political-bureaucratic sector to be [...]

Calm Before the QE Storm

blog.milesfranklin.com / By Andrew Hoffman / April 4th, 2014

On his weekly podcast, Andy Hoffman discusses Japan’s sales tax increase, QE, China…

READ MORE

Dealing With The New ObamaCare 3.8% Tax

streettalklive.com / By Scott Bishop / 04 April 2014

As most people are at least worrying about how much longer they can procrastinate thinking about their 2013 Tax Return(Tuesday April 15th), American taxpayers have just 11 more days to either file or extend. Many of you reading this newsletter also have to deal with many [...]

Do-Nothing Congress Does Something: Gives GE A Big Tax Break

testosteronepit.com / By Abigail Field, Attorney, Benzinga / April 3, 2014 at 3:55PM

Congress is infamous for doing nothing, as people who have lost their unemployment benefits viscerally know. However, today the Senate Financial Services Committee started the process of enacting the “Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act.”

This act addresses dozens of [...]

Underground Commerce is the Real Economy

batr.org / By James Hall / April 2, 2014

As the deadline for filing yearly income taxes is rapidly approaching, businesses especially hard pressed to make a profit in a depressed economy struggle with theirtax compliance. Reporting legitimate deductions and costs is the easy part. When you are losing money, disclosing a diminished income stream [...]

America’s Tax on Success

dailyreckoning.com / By Gregory Bresiger / Apr 1, 2014

Over the past 80 years or so governments have been expected to provide more and more social services. That means bigger and bigger bills for the taxpayers of this generation and generations unborn. Since governments almost constantly run in the red, they often resemble cocaine addicts [...]

Gold Sales by Japanese Retailer Jump Before Tax Change

An employee arranges one-kilogram gold bars for a photograph at a Tanaka Kikinzoku Kogyo K.K. store in Tokyo.

bloomberg.com / By Jae Hur and Ichiro Suzuki / Mar 31, 2014 5:08 PM GMT+0800

Gold sales by Tanaka Kikinzoku Jewelry K.K., Japan’s biggest bullion retailer, increased fivefold in March as investors accelerated purchases before the [...]

HFT: 60 Minutes Sanitizes Its Report – What Banks, What Exchanges?

jessescrossroadscafe.blogspot.ca / Jesse / 01 APRIL 2014

There were some gaping holes in the 60 Minutes expose about the stock market being rigged. The story was spun in such a way to make one think that uncontrolled innovation had created some unfortunate and inadvertent technical arbitrage opportunities in exchange centers outside of Manhattan, but [...]

It’s That Time of Year Again

blog.milesfranklin.com / Bill Holter / April 1st, 2014

The trees are starting to bud, March Madness is winding down to the Final 4 (GO UCONN!) and if we get another April smack down like 2011 and 2013, silver will be “free.” “Free” as in either zero or a negative price so all you’ll need [...]

Thin Your Waist to Fatten Your Wallet

news.goldseek.com / By Dennis Miller / 1 April 2014

My doctor told me to lose weight. … I lost 10 lb. … I gained 10 lb. I’ve said those words to my editor Ann all too often over the last two years. Last month when I proudly announced that I’d bought new walking shoes [...]