![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqfUTpK5-d3fbvRoUjxlA9lvH0U6MTjG3__AYY8NGDsohZquOgjS2wCqC5pPyV2OZHXhtOO537mYJAUYjrJlC57jcaX4O2UKXHRAU1Dv8i5G_JMEXLCTiORy2asgDk7iSYLkC5/s400/Who+Pays+Taxes.jpg)
The focus of the blog is on the economic and financial uncertainties that the world economies will face over the next five years along with demonstrating how investors can profit and survive during the upcoming manipulated economic chaos. Please keep-in-mind that I don't provide investment advice. I am simply posting what my investment views of the market happen to be. Your investment decisions are solely your own responsibility.
Thursday, April 16, 2009
Happy (Day After) Tax Day
There was no income tax in the United States of America until 1913. This great nation made it just fine for 150 years without an income tax. Today, 10% of Americans pay 70% of all federal taxes; and 50% of Americans pay little or no federal taxes. (See the following table.) Call it what it is, a wealth redistribution vehicle. Oh, but you did get a $12-$13 weekly income tax cut this year. Well, at least until January 2010, and then it reverts to $8. So why complain.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqfUTpK5-d3fbvRoUjxlA9lvH0U6MTjG3__AYY8NGDsohZquOgjS2wCqC5pPyV2OZHXhtOO537mYJAUYjrJlC57jcaX4O2UKXHRAU1Dv8i5G_JMEXLCTiORy2asgDk7iSYLkC5/s400/Who+Pays+Taxes.jpg)
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