Abolish the income tax

In honor of Labor Day, I am re-posting my screed against income taxes.

prior probability

I am totally serious. In honor of the upcoming Labor Day Holiday Weekend, allow me to pose the following (non-rhetorical) question: Why do we still allow the federal government (and many State governments) to tax our physical and mental labor, which is what an “income tax” basically amounts to? Go ahead and tax my capital gains, or my leisure activities, or my property, or my inheritance, or my wholesale or retail purchases, but for goodness’ sake, stop taxing my labor! Simply put, I don’t need a bunch of fancy jargon to obfuscate the self-evident truth that taxing people’s work is regressive and unjust–the moral equivalent of theft or forced labor. At the very least, the first $100,000 of one’s earnings should be tax free. What am I missing here? (PS: If you Google the phrase “abolish the income tax,” some very interesting things will pop up!)

Funny political bumper sticker End organized crime abolish IRS vinyl or  magnet | eBay
Correction: Abolish…

View original post 2 more words

About F. E. Guerra-Pujol

When I’m not blogging, I am a business law professor at the University of Central Florida.
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