PHILADELPHIA - One year after Philadelphia passed its beverage tax, sales of sugary and artificially sweetened beverages dropped by 38 percent in chain food retailers, according to Penn Medicine researchers who conducted one of the largest studies examining the impacts of a beverage tax. The results, published this week in JAMA, translate to almost one billion fewer ounces of … [Read more...] about Philadelphia’s Sweetened Drink Sales Drop 38% After Beverage Tax
Tax
Why Cryptocurrency Investors Are Renouncing Their US Citizenship
By Avi Mizrahi Andrew Henderson is the founder of Nomad Capitalist, a company which helps people from around the world move to different countries while minimizing their tax obligations. In recent years the company has created plans for dozens of people who made their wealth from the cryptocurrency sector, including business owners, traders, investors and consultants. … [Read more...] about Why Cryptocurrency Investors Are Renouncing Their US Citizenship
Here’s a Lesson From the 108,000 Millionaires Who Left Their Home Countries Last Year
By Simon Black, Sovereign Man According to a recent report from Bloomberg, more than 108,000 millionaires left their home countries last year in search of greener pastures. Most emigrated from countries like China and Russia… no surprise there. India also saw a large outflow of millionaires as tax authorities tightened their grip. And Turkey continues to see an exodus, … [Read more...] about Here’s a Lesson From the 108,000 Millionaires Who Left Their Home Countries Last Year
How Minimum Wage Laws Are Like Poll Taxes
By Daniel Boudreaux Here’s a letter to Mr. Eddie Ng: Mr. Ng: Thanks for your e-mail. You find my colleague Dick Wagner’s case against the minimum wage “weak.” Without offering a reason for your objection to his argument, you ask why you should “believe that the minimum wage causes unemployment.” I urge you to explore the vast empirical literature on the actual … [Read more...] about How Minimum Wage Laws Are Like Poll Taxes
California’s High-Speed Train Makes Solyndra Look Like a Bargain
By David Boaz The ongoing saga of California’s high-speed bullet train may end up being as classic a story of Democratic politicians’ hubris as the Solyndra debacle. The difference is that the bullet train is still going—well, not the train itself, but the taxpayer spending on the planning—despite some optimism earlier this year that Gov. Gavin Newsom was going to put the … [Read more...] about California’s High-Speed Train Makes Solyndra Look Like a Bargain
New Census Numbers Reveal Americans Are Steadily Migrating West And South – And Away From High Tax Blue States
By Michael Snyder The U.S. Census Bureau has just released their annual report on how the U.S. population is shifting, and there are some very clear patterns in the data. If you look at this Census Bureau map, you will see lots of purple (areas where the population is growing) in the west and the south, and you will see lots of orange (areas where the population is … [Read more...] about New Census Numbers Reveal Americans Are Steadily Migrating West And South – And Away From High Tax Blue States
The Income Tax: Lessons from the Sixteenth Amendment
By Mark Brandly "The income tax is “undoubtedly the most totalitarian of all taxes."1 ~Murray Rothbard At the founding of our country, the framers of our Constitution wisely withheld the right to tax incomes from the federal government. With the recent Revolutionary War in mind, the States were reluctant to cede strong taxing powers to a central state. Given the enormous … [Read more...] about The Income Tax: Lessons from the Sixteenth Amendment
Name ONE TIME A Government Program Accomplished Its Goal
By Joe Jarvis Illinois has the worst credit rating of any state. It has $8 billion in outstanding bills and a $3.2 billion deficit in just next year’s budget. But the worst part is the $250 billion they need to pay their state pensions… When you or I have debt, the first thing we have to do is tighten the belt. We save money and cut expenses. But imagine if … [Read more...] about Name ONE TIME A Government Program Accomplished Its Goal
5 Legal Strategies To Reduce Your Tax Burden
By Nicholas West While people feel compelled to continue debating various government shutdowns, the reality remains that tax collection is expected to continue uninterrupted. The old maxim that the two great inescapable realities are death and taxes should come as an affront to the liberty minded, however. The mandatory payment of taxes is as unnatural as death is natural, … [Read more...] about 5 Legal Strategies To Reduce Your Tax Burden