One of my pet peeves has long been the fact that most people seem to have no idea how much they pay in taxes. The reason for this is obvious: many of the taxes we pay, by design, are hard to keep track of. In this category are sales taxes, utility taxes, taxes on gas, etc. (This does not include the taxes paid by corporations and other businesses (they do not pay taxes, they collect taxes) that are passed on in higher prices for the products and services that we purchase, or in the social security share of employees paid by employers that effectively reduce the wages that employers pay employees.) In the Wall Street Journal we find that the average worker has a tax rate of approximately 40 percent:
But tax rates are already high—much higher than is commonly understood—and increasing them will likely further depress the economy, especially by affecting the number of hours Americans work.
Taking into account all taxes on earnings and consumer spending—including federal, state and local income taxes, Social Security and Medicare payroll taxes, excise taxes, and state and local sales taxes—Edward Prescott has shown (especially in the Quarterly Review of the Federal Reserve Bank of Minneapolis, 2004) that the U.S. average marginal effective tax rate is around 40%. This means that if the average worker earns $100 from additional output, he will be able to consume only an additional $60.
Research by others (including Lee Ohanian, Andrea Raffo and Richard Rogerson in the Journal of Monetary Economics, 2008, and Edward Prescott in the American Economic Review, 2002) indicates that raising tax rates further will significantly reduce U.S. economic activity and by implication will increase tax revenues only a little. Continue Reading
Pornography has taken off with the advent of the Internet.
Now you can get streaming video and pictures of exploitive acts of all sexual natures and variety.
Viewing pornography can be addictive. It can also destroy your soul, not to mention your relationships with women and how you view women in general.
It is said that your eye is the window into your soul.
“The eye is the lamp of the body. So, if your eye is sound, your whole body will be full of light; but if your eye is not sound, your whole body will be full of darkness. If then the light in you is darkness, how great is the darkness! (Holy Gospel of Saint Matthew 6:22-23)
Then why do you view pornography?
A documentary film titled What’s That Purple Building, Daddy? explores how pornography destroys souls, families, and this nations fabric of life. It also shows what you can do to fight this evil.
Former porn users, Mark Houck and Damian Wargo, co-founders of The King’s Men, have taken steps to fight pornography by engaging in a strategy to close down Coyotes, a strip club in their own backyard. They succeeded! This inspirational video tells you how they went about it and outlines a plan of action for others to follow.
What’s That Purple Building, Daddy? will give you a fresh insight into how pornography is affecting everyone in America, and how men can successfully fight against this evil in their own lives and in their communities.
The King’s Men is an organization for Men to (re)discover what it means to be a man, a real man, a Catholic man as well as a manly Catholic.
As men we lead and protect the family.
We need to be active in the life of the Church.
We need to learn more about our Catholic faith and much, much more.
In today’s society and culture the role of men have been degraded, feminized, or ridiculed. Our roles as men have been degraded to eliminate ‘gender bias’ by militant secularist humanists. We have been feminized to the point of denying our natural gifts of being a leader, provider, and protector. And we have been ridiculed by being attacked as misogynists.
This has taken such a toll on our role as men, we have forgotten what it means to be a husband, father, and a leader in the Church.
Mark Houck and Damian Wargo of The King’s Men apostolate explain this and much more in a 35 minute segment of EWTN‘s Life on the Rock.
Part 1 of 4: