Each year, the Tax Foundation announces Tax Freedom Day, the day when average Americans stop working for the government and start working for themselves.
Inheritance and estate taxes (collectively referred to as the “death tax”) are the taxes one must pay to the government to be able to inherit property or money following the death of loved ones. With inheritance taxes, the beneficiary pays the tax before taking possession of the money or property. With the estate tax, the tax is levied on the decedent’s assets before the beneficiaries may receive their inheritance.
Six years ago I was asked to address the Western Society of Neurosurgery comparing the candidates for President Barack Obama and John McCain. I was very blunt, but analytical about both, but my comments about Obama were not well received by the liberal audience. Unfortunately, what I said has come true. But people will forget that also. The same has happened with the socio-economic/political paper I wrote. It has all come true.(1)
[What are taxes?] The greedy hand of government thrusting itself into every corner
and crevice of industry[which] watches prosperity as its prey and permits
none to escape without tribute.
The Rights of Man (1791)
Let us flee to the land of the barbarian
where we may live as free men.
Roman citizen, A.D. 4th cent.
Do not dig a hole for somebody else,
lest you fall in it yourself.
Kudos to State Rep. Allen Peake for his valiant efforts and much-needed proposal to eliminate the increasingly burdensome property taxes in the state of Georgia. No one should be surprised that Mr. Frank Gadbois is against it! His aversion to individual freedom and free market capitalism is well known. Instead, Mr. Gadbois is for "progressive taxation," confiscatory, class warfare socialism first enunciated by Karl Marx in the second plank of his Communist Manifesto (1848), in which he called for "a heavy, progressive or graduated income tax."
Kudos for The Telegraph report [07/02/07] describing the current tax situation in Bibb County that may saddle county taxpayers with thousands of dollars in penalties and tax arrears.
Now we read that Bibb County Chief Appraiser, Jim Davis, is looking for a private consulting firm with an incredible price tag of $2.5 million to do another property tax assessment in Bibb County.