Taxation: The Price We Pay…
Tax day 2021 came and went. I don’t know about you, but my wallet is lighter. As always, I had to write a big check to the IRS. I was not pleased. But shouldn’t I take solace in the fact that I’m helping create a more civilized society? That’s the mantra, right?...
Understanding the Constitution: Income taxes, other taxes & the 16th Amendment
The Constitution granted Congress power to impose personal income taxes before ratification of the 16th Amendment, but the 16th Amendment facilitated the power. This essay explains the amendment’s background and effect. This essay also corrects several longstanding...
The Debt Ceiling and Inflation
Not surprisingly, both houses of Congress approved another increase in the debt ceiling and have sent the bill to President Biden, who will most assuredly sign it. The bill raises the debt ceiling to $31.5 trillion. This debt ceiling is expected to last through the...