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Thought of the Day

"Taxes are necessary. But the system of discriminatory taxation universally accepted under the misleading name of progressive taxation of income and inheritance is not a mode of taxation. It is rather a mode of disguised expropriation of the successful capitalists and entrepreneurs."

~ Ludwig von Mises

HT Page 141, "As Certain As Death: Quotations About Taxation," TaxAnalysts,Inc.

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