Richard Arthur Kelo– Taxes

As a tax expert, Rick Kelo is highly knowledgeable about the history of taxation, particularly in the United States (which was the primary cause of the American Revolution of the late 18^th century).

Various unpopular tax acts were enacted by the British during the Colonial era. These included the Stamp Act, which required all legal documents, wills, permits, and even playing cards in the colonies to carry a tax stamp. This act was enacted November 1, 1765. Britain eventually repealed this act due to widespread protest and boycotts. In 1767, Charles Townshend, Chancellor of the Exchequer, proposed to enact two tax laws. Parliament passed both of them, and they resulted in taxes on tea, glass, paper, and paint. The 1764 Sugar Act taxed sugar, coffee, and cloth. And the Tea Act of 1773 taxed none other than tea itself.

The Tea Act, of course, led to the famous Boston Tea Party of 1773. It was reprisals for this action – in which many men dumped several tons of tea into Boston Harbor – that led to the outbreak of the Revolutionary War in 1775.

The United States, of course, still taxes its subjects, but American citizens are represented by their congressmen and senators in the government – with the exception of residents of Washington, D.C.; they have no government representation, and their license plates read: “Taxation without Representation” (a rallying cry of the American Revolution, from colonial subjects weary of paying taxes to a government in which they had no voice).

In 1861, war broke out between the North and the South. Congress, needing funds to pay for the war effort, imposed personal income tax, the first ever in the United States. This income tax, part of the Revenue act of 1861, was rescinded in 1872. In 1894, the Tariff Act also enacted a new income tax statute.

In 1913, Congress ratified the 16^th Amendment to the United States Constitution. This amendment allows Congress to collect tax on all income, regardless of source. Net personal income above $3,000 was taxed 1%. Income above $500,000 was subject to a 6% surtax. Income over $1,000,000 was subject to a 77% tax rate by 1918. During the Great Depression, all income above $200,000 was taxed at a staggering 94%.

In 1916, Congress passed the federal estate tax which is still in use today. It taxes the wealth of a donor's estate upon the transfer of this estate to the inheritor.

Richard Arthur Kelo – The Life of a Tax Recruitment Specialist

Few people in the United States have a truly good working knowledge of the United States economy and how it works. What’s more, even more have only a basic understanding of their personal finances and how to manage them. The reasons for this are numerous, but they largely fall on the shoulders of an outdated education system and a societal neglect of parents teaching their children how to manage their finances. Unfortunately, this lack of knowledge has serious consequences when it comes to our society. As a democracy, our country relies on informed voters who understand how our country functions and are able to make smart decisions about the leaders that we elect into office. Without even a basic understanding of the United States economy, how can the average individual possibly make an informed decision on such an important topic?

For economist and financial expert RickKelo, this is a serious issue in American society that needs to be corrected as soon as possible. Rick Kelo is a graduate of the United States Military Academy at West Point, and as such posses a strong sense of nationalism and has thought a lot about the workings of the United States. What’s more, after gradating from the United States Military Academy, he continued his education at the University of Illinois at Chicago where he received an MBA in Finance. This has given him a solid foundation in both politics and economics, as well as a shrewd perspective on American society.

Since leaving his education behind, Rick Kelo has balance his professional life as a tax-recruiting specialist with his personal life, all while maintain an active blog about his personal political and economic views. In his professional life, Rick Kelo is an Executive Recruiter with TaxScout Inc., the largest professional tax recruitment and placement service in the country. As an Executive Recruiter, he is responsible for creating and maintain company candidate databases to comply with OFCCP, promoting diversity in the workplace, developing client bases, advising on retention policies for job placements, and advising on fair market compensation.

On his blog, however, Rick Kelo focuses on sharing information about topics that are relevant to the United States public in terms of the economy and politics. Some of his articles include “The Minimum Wage Issue”, “What is the Optimal Progressive Tax?”, “Answering for the 2008 Global Economic Crash”, and “Free Market Capitalism and the Drive Towards Progress”. For more information about Rick Kelo, visit his website today.