Tag Archives: Taxation is theft

Ludwig von Mises’s 9 Best Tax Quotes

Ludwig von Mises’s 9 Best Tax Quotes

04/15/2016

In honor of tax day, a look at the best quotes from Ludwig von Mises on taxation:

1. “Some experts have declared that it is necessary to tax the people until it hurts. I disagree with these sadists.”

Source: Defense, Controls, and Inflation 

2. “If the present tax rates had been in effect from the beginning of our century, many who are millionaires today would live under more modest circumstances. But all those new branches of industry which supply the masses with articles unheard of before would operate, if at all, on a much smaller scale, and their products would be beyond the reach of the common man.”

Source: Planning for Freedom 

3. “Taxing profits is tantamount to taxing success.

Source: Planning for Freedom 

4. “Estate taxes of the height they have already attained for the upper brackets are no longer to be qualified as taxes. They are measures of expropriation.”

Source: Defense, Controls, and Inflation 

5. “Progressive taxation of income and profits means that precisely those parts of the income which people would have saved and invested are taxed away.”

Source: Economic Policy 

6. “The metamorphosis of taxes into weapons of destruction is the mark of present-day public finance.”

Source: Human Action

more here

Advertisements

Americans Will Spend More on Taxes in 2016 than on Housing, Food, and Clothing — Combined.

 April 11, 2016

 A new report from the Tax Foundation reveals a rather startling fact: Americans will spend more on taxes in 2016 than they will on housing, food, and clothing — combined.

As the hashtag #TaxationIsTheft once again marks the approach of Tax Day, this report could easily infuriate people in the United States even further — particularly those concerned about how the government chooses to utilize their tax money.

With $3.3 trillion in federal taxes and $1.6 trillion in state and local taxes, a full 31 percent of the nation’s income goes to taxation. The Tax Foundation hopes to raise awareness about taxes with “Tax Freedom Day,” which falls on April 24th this year. According to the report:

“Tax Freedom Day is the day when the nation as a whole has earned enough money to pay its total tax bill for the year. Tax Freedom Day takes all federal, state, and local taxes and divides them by the nation’s income.”

Though April 24th could be considered a late date, Tax Freedom Day would occur even later when including the government’s notorious borrowing habit.

“Since 2002,” the report continues, “federal expenses have surpassed federal revenues, with the budget deficit exceeding $1 trillion annually from 2009 to 2012. In calendar year 2016, the deficit will grow significantly, from $592 billion to $698 billion. If we include this annual federal borrowing, which represents future taxes owed, Tax Freedom Day would occur on May 10, 16 days later.”


Read more at http://thefreethoughtproject.com/americans-spend-taxes-2016-housing-food-clothing-combined/#TEvmHvPW8LOG5FYx.99