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Taxes

The Injustice Of Capital Gains

The Injustice Of Capital Gains

Under conventional tax codes, taxing returns on saved capital—whether through ordinary income tax on savings account interest or capital gains taxes on taxable investments—is an unfair “double tax” on deferred consumption.

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The Destructive Effects Of Outrageous Taxation

The Destructive Effects Of Outrageous Taxation

At the end of World War I, with the United States in the midst of a little-known Depression, the rates of many well-heeled taxpayer rates were high. They started putting their money in tax shelters and not stocks, looking to escape excessive rates of taxation.

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