
Politicians exploit public ignorance. Few areas of public ignorance provide as many opportunities for political demagoguery as taxation.
Today some politicians argue that the rich must pay their fair share and label the proposed changes in tax law as tax cuts for the rich.
Let’s look at who pays what, with an eye toward attempting to answer this question: Are the rich paying their fair share?
According to the latest IRS data, the payment of income taxes is as follows.
The top 1 percent of income earners, those having an adjusted annual gross income of $480,930 or higher, pay about 39 percent of federal income taxes. That means about 892,000 Americans are stuck with paying 39 percent of all federal taxes.
The top 10 percent of income earners, those having an adjusted gross income over $138,031, pay about 70.6 percent of federal income taxes.
About 1.7 million Americans, less than 1 percent of our population, pay 70.6 percent of federal income taxes. Is that fair, or do you think they should pay more?
By the way, earning $500,000 a year doesn’t make one rich. It’s not even yacht money.
But the fairness question goes further. The bottom 50 percent of income earners, those having an adjusted gross income of $39,275 or less, pay 2.83 percent of federal income taxes.
Thirty-seven million tax filers have no tax obligation at all. The Tax Policy Center estimates that 45.5 percent of households will not pay federal income tax this year.
There’s a severe political problem of so many Americans not having any skin in the game. These Americans become natural constituencies for big-spending politicians. After all, if you don’t pay federal taxes, what do you care about big spending?

Also, if you don’t pay federal taxes, why should you be happy about a tax cut? What’s in it for you? In fact, you might see tax cuts as threatening your handout programs.
Our nation has a 38.91 percent tax on corporate earnings, the fourth-highest in the world. The House of Representatives has proposed that it be cut to 20 percent—some members of Congress call for a 15 percent rate.
The nation’s political hustlers object, saying corporations should pay their fair share of taxes. The fact of the matter—which even leftist economists understand, though they might not publicly admit it—is corporations do not pay taxes.
An important subject area in economics is called tax incidence. It holds that the entity upon whom a tax is levied does not necessarily bear its full burden. Some of it can be shifted to another party.
If a tax is levied on a corporation, it will have one of four responses or some combination thereof. It will raise the price of its product, lower dividends, cut salaries, or lay off workers. In each case, a flesh-and-blood person bears the tax burden.
The important point is that corporations are legal fictions and as such do not pay taxes. Corporations are merely tax collectors for the government.
Politicians love to trick people by suggesting that they will impose taxes not on them but on some other entity instead. We can personalize the trick by talking about property taxes.
Imagine that you are a homeowner and a politician tells you he is not going to tax you. Instead, he’s going to tax your property and land.
You would easily see the political chicanery. Land and property cannot and do not pay taxes. Again, only people pay taxes. The same principle applies to corporations.
There’s another side to taxes that goes completely unappreciated. According to a 2013 study by the Virginia-based Mercatus Center, Americans spend up to $378 billion annually in tax-related accounting costs, and in 2011, Americans spent more than 6 billion hours complying with the tax code.
Those hours are equivalent to the annual hours of a workforce of 3.4 million, or the number of people employed by four of the largest U.S. companies—Wal-Mart, IBM, McDonald’s, and Target—combined.
Along with tax cuts, tax simplification should be on the agenda.

A federal judge in Hawaii has blocked President Trump’s revised travel ban – just hours before it was expected to go into effect across the United States.


Minutes after the Sunday night massacre on the Las Vegas strip we were hearing calls for legislation that will curtail citizens’ rights to keep and bear arms.
Gary Cohn breaks down the details of Trump’s tax reform framework
Our college-age population consists mostly of 18- to 30-year-olds, and likewise our armed forces. I wonder whether they shared common responses to the 2016 presidential election. Many college administrators provided students with therapy dogs, play dough, coloring books, bubbles, videos of frolicking kittens and puppies, and soft music. They even canceled classes and postponed exams so that their 18- to 30-year-old snowflakes could better cope with the election results. There are numerous internet photos and videos of these youngsters screaming and in outright grief and panic. Here’s my question: Were our military leaders as accommodating as college administrators? Did commanding officers of our aircraft carriers provide their young people with therapy dogs, play dough, crayons and coloring books, and soft music? Were sea training exercises canceled? Were similar accommodations ordered by commanders of our special forces, such as the Army Rangers, Navy SEALs and Delta Force?
President Trump on Sunday signed off on updated travel restrictions that would limit entry for people coming to the U.S. from eight countries, as the existing travel ban is set to expire.



Politics is the art of shifting the playing field.

Milwaukee County Sheriff David A. Clarke Jr. will leave office next month 

Liberals went nuts when President Trump recently granted 85-year old Sheriff Joe Arpaio a pardon. Many of those on the left thumbed their nose at the Constitution for 8 years, while Barack Obama committed one of the most unconstitutional acts ever by a president, when he forced Americans to buy insurance. Suddenly, they were all of a sudden concerned about the possibility that President Trump may not have adhered to our Constitution when he pardoned America’s toughest Sheriff on illegal immigration.






Stephen Bannon, the chief strategist to President Trump, is expected to leave the White House, a source tells Fox News.
President Trump accused “Obstructionist Democrats” on Friday of hurting national security by waging court fights against his policies, in an apparent reference to the battle over his travel ban and other measures that could get renewed attention following the terror attacks in Spain.





White House Chief Strategist Steve Bannon opened up in a rare interview published Wednesday by a left-leaning magazine, dismissing some of his enemies in Washington while calling the far-right elements of the Republican party “a collection of clowns.”