Day: March 10, 2011

When the Founding Fathers finalized The Constitution, they made a great breakthrough. They realized that every American should have two allegiances, one to America, another to the state in which he lived. That discovery was instituted in law by setting up both Federal and State taxing authorities. Local municipalities could be given taxing authority by […]

All of us would like to be surprised by someone leaving us a million or so dollars. Such inheritances are usually the result of someone spending their days in the clay wisely. We’d all like to get surprises like that. Governments use inheritance taxes to levy a fine on such a wise use of a […]