Forty-Five Percent of Americans Pay No Federal Income Tax

That is right!  According to the Tax Policy Center, 45%, or approximately 78 million households do not pay any federal income taxes.  "Roughly half pay no federal income tax because they have no taxable income, and the other roughly half get enough tax breaks to erase their tax liability, explains Roberton Williams, a senior fellow at the Tax Policy Center.  On average, those in the bottom 40% of the income spectrum end up getting money from the government. Meanwhile, the richest 20% of Americans, by far, pay the most in income taxes, forking over nearly 87% of all the income tax collected by Uncle Sam."

It is time for the "Fair Tax" where everyone would have "some skin" in the game.

President Harding and President Coolidge: What I Learned From Their Economic Policies

Tax cuts and budget surpluses go hand-in hand with economic growth; while tax hikes, budget deficits, and growth in government go hand-in-hand with economic disaster.  A great article to learn about such policies is entitled, "The Forgotten Depression of 1920." 

No One Really Cares About Economic Reality. Right?

Are You Sick of Taxes, Yet? Get Ready for Government is Going All In!

Here We Go Again!

215,000 New Jobs Created in March 2016

Tonight's headline on your local TV station will tout the creation of 215,000 jobs that were created in March.  However, what will not be reported is where the majority of those so-called new jobs were created.  From the above chart, the top three top sectors -- "Education & Health, Retail Trade, and Leisure & Hospitality" -- accounted for 65% of all job gains. This "growth" of minimum wage jobs took place while some of the highest paying jobs, including mining & logging, manufacturing, and transportation & warehousing all posted declines in March. But, as I stated, you will not receive this type of information on your local TV station this evening.