The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
the staff of the Ridgewood blog
Washington DC, as rumors swirl about a potential millionaire surtax and an increase in the top income tax rate to 40% or more, conservative voices are sounding the alarm. Many warn that such a move would represent a dramatic departure from the Republican Party’s long-standing commitment to low taxes and free-market economics — a formula credited with driving U.S. prosperity since the Reagan era.
the staff of the Ridgewood blog
Ridgewood NJ, April 15th, often dreaded as Tax Day in the United States, echoes a truth spoken more than 230 years ago by Benjamin Franklin: “In this world, nothing is certain except death and taxes.” That statement, made in 1789, still rings true today as Americans navigate a complex and ever-evolving tax system.
Continue reading Death, Taxes, and History: How U.S. Taxation Evolved from 1789 to Today