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Showing posts from March, 2011

IRS: Too much power enforcing tax codes that are reprehensible

After the 16th Amendment was ratified, an income tax was imposed starting in 1913 with rates ranging from 1 percent to 7 percent with the top rate applying only to incomes in excess of $500,000. By 1916 that top rate had risen to 15 percent, on income in excess of $2,000,000. The top rate exceeded 90 percent at its peak in the early 1950s. The first 1040 form -- instructions and all -- took up only four pages. Today there are some 4,000 pages of tax forms and instructions. American workers and business are forced to spend more than 5.4 billion man-hours every year figuring out their taxes. Since those hours could be put to a more productive use, and almost surely would be in the absence of today’s incomprehensible tax code, the result is a large dead-weight output loss of some $200 billion each year. ... The IRS now has more enforcement personnel than the EPA, BATF, OSHA, FDA , and DEA combined. With its 115,000-man workforce, it has the power to search the property a

Political Spin at its best!

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Political spin at its best. No Matter What Side You Are On.....This IS Funny! It just all depends on how you look at some things.. Judy Wallman, a professional genealogy researcher in southern California  , was doing some personal work on her own family tree .. She discovered that Senator Harry Reid 's great-great uncle, Remus Reid, was hanged for horse stealing and train robbery in  Montana  in 1889. Both Judy and Harry Reid share this common ancestor. The only known photograph of Remus shows him standing on the gallows  in  Montana territory :  On the back of the picture Judy obtained during her research is this inscription: 'Remus Reid, horse thief , sent to Montana Territorial Prison 1885, escaped 1887, robbed the Montana Flyer six times. Caught by Pinkerton detectives, convicted and hanged in 1889.' So Judy recently e-mailed Senator Harry Reid for information about their great-great uncle.  This is What Reid's S