News: Excess Burden Of Taxation

we can no longer afford to give prominent economists like Krugman a pass when they completely ignore the burden of taxation, monetary policy, and excessive regulation.

When politicians say the main objective is to stimulate jobs by providing government-paid salaries, they are instead saying that excessive taxation and placing an immense burden of debt on future unborn generations is really the main objective.

Tax Foundation economist Gerald Prante gives a simple, yet informative, explanation of the full tax burden borne by taxpayers (it goes far beyond the last line of your Form 1040).

For a long time politicians have gotten away with campaigning against excessive taxation when they know the real burdens on the public are predatory lending, exorbitant health care, inflated drug and insurance costs, and other piratical corporate practices. American corporations pay less tax than any in the industrialized world, not more.

.... An open letter to the American People! We the Founders... Warned you of the dangers of excessive taxation. Now you labor nearly six months of the year to pay taxes at all levels as your economy suffocates under this cruel burden ....