The Parable of the Golden Goose
John Gaver
January 8, 2010
Our friend, Toronto attorney David Lesperance, created an excellent video parable to explain what happens, as the government continues to demand that the wealthy pay increasingly larger and disproportional amounts of tax, to pay for their unbridled spending.
For the record, in 1989, the year President Reagan left office, the wealthiest 1% of income earners paid a quarter of the taxes collected by the IRS. By 2007, that same top-earning 1% of income earners were paying 40.4% of taxes collected or more than 60% more than what they paid in 1989.
We hope you enjoy it.
Copyright 2009 John Gaver
All rights reserved
See related articles and supporting documents:
1986-2007 IRS Collections Data by Income Category
Tick - Tick - Tick / The Economy Bomb
Tax Freedom Day Builds Case for FairTax
US Tax Freedom Day Clock Web Widget
US Tax Freedom Day Clock
US Tax Freedom Day Clock Widget (for Mac)
UK Tax Freedom Day Clock Widget (for Mac)
The Privacy Factor
More Attacks on the Wealthy
US Taxpatriates List
2000 Statistical Yearbook of the Immigration & Naturalization Service (6.2mb PDF)
2003 World Wealth Report (Press Release)
American Citizens Residing Abroad (US Bureau of Consular Affairs)
Health Insurance Portability & Accountability Act of 1996 (26 USC 877(a)(1))
Immigration Reform and Immigrant Responsibility Act of 1996 (8 USC 1182(a)(10)(E))
Heroes Earnings Assistance & Relief Tax Act (Public Law 110-245) (8 USC 1182(a)(10)(E))
The Economic Impact of Replacing Federal Income Taxes
with a Sales Tax (CATO)
Fair Tax Act of 2009 (H.R. 25)
Americans for Fair Taxation
National Retail Sales Tax Alliance
Recommended Books:
The Fair Tax Book
Fair Tax: The Truth
How to Hide Your A$$et$ and Disappear
Escape From America
See Expatriate sites:
The Sovereign Society
Escape Artist
Expat World
Second Passports
Contact your Congressman here.
