Everybody loves to hate taxes. As the old saying implies, taxes are right up there with death among humanity’s least favorite things. Yet they are as old as civilization itself; tax records have been found from as far back as the Ur III dynasty of 2,000 BC, and possibly older. And we can be sure... Read More
Last week the New York Times published some of President Trump’s 1980s and 1990s tax returns information. The information detailed President Trump’s financial difficulties during that time. While you would not know it from reading some media reports, this is old news. In fact, President Trump openly discussed his financial difficulties on his popular reality... Read More
Many Americans who have wrestled with a 1040 form, or who have paid someone to prepare their taxes, no doubt cheered the news that Congress will soon resume working on tax reform. However taxpayers should temper their enthusiasm because, even in the unlikely event tax collection is simplified, tax reform will not reduce the American... Read More
The Michael Hudson Series – Part 3 Income Tax can be viewed here.