Richard Arthur Kelo and Excise Tax

An excise tax in the United States is an indirect tax on listed items. They can be and are made by federal, state, and local governments and are not uniform throughout the United States. Tobacco, alcohol, and gasoline are targets of excise tax as well as activities like wagering and highway usage by trucks. They can be included in the price of the product and are collected by the producer or retailer and not paid directly by the consumer. Sometimes they often remain “hidden” in the price of a product or service rather than being listed separately.

However, Rick Kelo on Quora points out that the United States as a whole are paying less excise tax now than they were in the 1950s. The excise tax paid in 1952 was 13.4% versus in 2015 where the United States were paying about 3%. These percentages come from the total federal tax receipts of excise taxes and not the income going to excise taxes. Rick Kelo, an executive recruiter for Taxscout Inc. with over 10 years experience in the tax industry, further analyzes the excise charts saying that out of the $2.163T federal tax receipts collected in 2010, only $66.9B accounted for excise taxes making up only 3.1%. Compare this to 1952 where out of the

$34.9B in federal tax receipts, $7.5B were made up of excise taxes collected, accounting for 19.1%. this shows that the excise tax receipts remain unchanged over time.

But wait, was there another reason why excise taxes were implemented in the first place? Excise tax was once thought to produce some morals. The thought was, if there was a heavy tax on alcohol and cigarette products, then maybe less people would purchase them and the tax revenues on these products could be used on anti-smoking advertisements. It could also promote a sense of environmental protection or public safety and health. However, these excise taxes have reduced. Rick Kelo writes that the excise tax on gasoline in the 1960s was once 13.7%, but in 2000 it was reported to be 11%. So, has the government decided to lay off on public morals?

Rick Kelo, the outspoken blogger questioning the modern age, concludes that the federal tax collection has possibly increased dramatically in other areas. This may calm the critics of excise tax, who believe the tax to be another way the government can double tax the population and inflate prices of products.

Richard Arthur Kelo - The Traditional Libertarian Approach to Economic Policy

As tensions rise in the current political arena in the United States, it can be easy to get caught up in the exacerbating rhetorics of public speakers without trying to get a solid grasp on the facts. The political controversies that have arisen in the landscape of this presidential campaign have done so because the speeches and conventions have aimed towards playing on emotion. What citizens would be far wiser to do is to look at the figures, to focus on what matters in terms of the economic and social values of policies. To focus on the leaders that have experience and a keener grasp of economic policies that will represent America world over.

Debates on the future of the United States and its role as a major player in the global market is a hotly argued topic at the moment. Increasingly there is a realisation that the capitalist values that have been taken for granted in recent decades need a newer focus. Globalization has taken an interesting turn as we go forward deeper into the digital age and an awareness of worldwide change is vital in the strive for economic growth. Damaging and isolating economic policies will not bring longevity to American trade. Rick Kelo, a prolific online figure in the world of economic thought, espouses the traditional libertarian approach to economic policy which calls for a lower corporation tax in order to boost America’s global stance.

 Economic growth is by nature volatile. Economists such as Christina Romer, who worked on the Obama administration’s recession recovery policies, have recognized that avoiding a rise in corporation tax during a recession has been proven to encourage growth. Economic anxiety is at a height at the moment, and it is times like these that voters turn to extreme political figures for answers. Yet people are short sighted in this.

Economist Robert Gordon recently pointed to the fact that the booms and busts of the 20th Century were more extreme as a result of sharp industrial and technological reform. People should not expect such rapid economic fluctuations in the future and should instead consider historical economic trends. A more organic economic advance comes about not as a result of governmental interference, but in line with the natural progression of production and industry. Read Rick Kelo - A Mouthpiece for Age Old Economic Ideas for a good insight into the importance of learning about the effects of adopting more traditional economic values.

Rick Kelo & The Lack of Economic Education

The economy affects every citizen’s livelihood - jobs, education, transport, amenities, communication, banking. Yet the average person often knows shockingly little about the ins and outs of economic policy. Across the political spectrum the woeful ignorance of the public is worrying and people need greater knowledge of how things are affecting them. A key way to get people engaged is by bringing it back to how the health of the economy influences their daily lives. According to the National Council on Economic Education over 50% of the adult population does not understand the term GDP, and even more cannot explain what is meant by the term inflation.

Far too often the individual uses foreign involvement as a scapegoat for faults in the job market, or for higher prices. Instead there should be a greater focus on governmental involvement and how economic policies in the long run have been sometimes see to hinder our economic growth. Rick Kelo is by career a tax specialist recruiter, but he is also a budding economic commentator online. It is his belief that people need to better educate themselves on economic issues by means other than traditional media outlets. Increasingly there are online blogs and resources which help inform and educate others regarding contemporary topics such as governmental policy and taxation.

Kelo has a specific in economics, with an academic background in finance and having worked for years alongside major corporations and tax experts regarding keeping up with governmental changes in taxation. His exposure to discussing tax needs and restrictions has meant that he can apply his expertise to his writing and involvement in online debate. Rick Kelo, helping to engage the wider public, has written extensively on the concepts of classic libertarian ideals in regards to economics. His ideas have been moulded by his years of experience in recruitment, and he believes that others deserve to better understand the effects that taxation has on them.

He has been a successful employee at TaxScout Inc for many years, and has helped their recent expansion to Atlanta. They are now one of the most respected specialist recruitment firms in the United States and their guidance for professionals and corporations in taxation has won them many prestigious clients. Rick Kelo- A Guardian of Liberal Democracy will inform you more about.