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>> REPUBLICAN PARTY Latest News

FEB 13, 2013 - Forbes

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Two Awful Anniversaries

This year marks the 100th anniversary of the federal income tax (February) and the Federal Reserve System (December), both of which today are doing immeasurable harm. And, thankfully, both will be undergoing enormous changes. Income taxes punish the very things we want more of: productive work, risk-taking and success. We can't say this enough: A tax on income is the price you pay for working; a tax on profits, the price you pay for success; and a tax on capital gains, the price you pay for taking risks that work out. In times past when the income tax burden has been eased--that is, rates ... Read More

Tags: Two Awful Anniversaries,  Republican Party Latest News