News you can use
News you can use
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Recently, I had a spirited Facebook conversation with a friend who was upset about the government shutdown. He was not happy that Yellowstone and Yosemite parks were closed because it was hurting his vacation property rental business. And like many, he blamed the tea party and the GOP. Let’s look at some facts. Due to mandatory spending, 87 percent of the federal government was considered “essential” and unaffected by “shutdowns.” Only 13 percent requiring annual budgeting is discretionary and subject to shutdown. The Adminis... Full story
Few federal tax policies are as immediately revolting as the death tax. The idea that the government has the right to confiscate a set percentage of an individual's assets after his death strikes us as downright immoral. It punishes grieving family members, adds stressful burdens both before and after death, and lets government step between the dying person and their bequest to the designated inheritors. Moreover, it's double taxation because the deceased person already paid taxes on the income used to buy his assets. Henry...
