Alexander Hamilton: The least burdensome tax system is the most productive

05/17/2012

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"There is no part of the administration of government that requires extensive information and a thorough knowledge of the principles of political economy, so much as the business of taxation. The man who understands those principles best will be least likely to resort to oppressive expedients, or sacrifice any particular class of citizens to the procurement of revenue. It might be demonstrated that the most productive system of finance will always be the least burdensome."

-- Alexander Hamilton, Federalist No. 35

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Alexander Hamilton: The singular advantage of taxes on articles of consumption

04/09/2012

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"It is a singular advantage of taxes on articles of consumption that they contain in their own nature a security against excess. They prescribe their own limit, which cannot be exceeded without defeating the end purposed -- that is, an extension of the revenue." 

--Alexander Hamilton, Federalist No. 21

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Exodus: California Tax Revenue Plunges by 22%

03/14/2012

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Provided courtesy of America's Party of California

Breitbart

Chriss W. Street
State Controller John Chaing continues to uphold the California Great Seal Motto of “Eureka”, i.e., 'I have found it'. But what Chaing is finding as Controller is that California’s economy as measured by tax revenues is still tanking. Compared to last year, State tax collections for February shriveled by $1.2 billion or 22%. The deterioration is more than double the shocking $535 million reported decline for last month. The cumulative fiscal year decline is $6.1 billion or down 11% versus this period in 2011.

Read this story at breitbart.com ...

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