MONEY: taxation distorts the individual’s finances

http://www.lewrockwell.com/orig3/guillory10.htm

Thrift and Liberty
by Gil Guillory

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Taxes. Not only is taxation perhaps the most evil institution left on earth, now that chattel slavery is virtually extinct, taxation distorts the individual’s finances. We are all familiar with the social engineering in the US Federal Income Tax, with credits and deductions for all manner of activities the state officially encourages or discourages. But much worse is the attack on capital which the tax system represents. Consider: your wages are taxed, with what’s left, you invest in stocks of companies, the profits on the companies you invest in are taxed, with what’s left of that, the company pays you dividends or increases retained earnings, and then those dividends or capital gains are then taxed.

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We can’t even calculate the ax load we carrying. Taxes are buried inside everything.

Argh!

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