By
Lowell Ponte
Tax Day, April 15, reminds us of
just how overtaxed we have become and how a circular cage of taxes on earning,
spending, investing and saving is being created to snare us. If you earn money
to live on, you face income taxes nationally as well as from 41 of the 50
states. If you buy anything, you face sales taxes in all but five states – and
some local sales taxes in those five. In D.C., politicians now talk
enthusiastically about imposing a national European-style sales tax, an
easily-increased Value-Added Tax (VAT) to soak both companies and consumers. If
you invest what little money you have left after paying all your other taxes,
get ready to pay capital gains taxes, which the current administration aims to
increase.
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