Previously on This Just In…

The update from Michael Reagan and his latest column:

One day I asked him (Ronald Reagan) a simple question — would he double my allowance from a dollar a week to two dollars?

For the next 15 minutes my father decided to tell me about the workings of the income tax system in America.

At the time I felt like it was my penance for daring to ask my selfish question, but I’ve always remembered what he said.

Read his entire column here.