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taxes  (Page 2)

Juuuummmmp

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Posted by  ▪  Friday, November 30, 2012 at 10:30am

Depending on who you ask, and at what moment in time, the “fiscal cliff” either is End Times, or not.

Obama is in campaign mode, as usual, that bizarre never-never-land where negotiating means running to rallies.

Given Obama’s permanent campaign, and the lack of seriousness in his proposals, a growing chorus on the...

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They want fairness? Give it to them

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Posted by  ▪  Thursday, November 29, 2012 at 11:35am

Democrats say they want fairness.

One idea is to force residents of blue states to pay their fair share by capping or eliminating federal deductions for property taxes and state income taxes.

But if we must appease the Democrats’ demand for higher revenue, we also should target the activist institutions which currently enjoy tax exempt status but which...

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100% Plus Taxation Still Key To Permanent Dem Majority

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Posted by  ▪  Wednesday, November 28, 2012 at 12:05pm

I have written several times about the implicit marginal rate which makes it economically irrational for a  poor or lower-middle class wage earner to make more money because of the loss of government benefits the higher income incurs.

Back in November 2009, I saw the government benefits trap as a key political...

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Learning to love the fiscal cliff after the Santa Claus election

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Posted by  ▪  Sunday, November 11, 2012 at 10:19am

Here’s a description of the “fiscal cliff“:

So just what is this “fiscal cliff” that has the financial markets rattled and economists and policymakers alike in a tizzy over the potential for sending the economy into another tailspin?

It’s a one-two punch of expiring Bush-era tax cuts and major across-the-board spending cuts to the...

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Tax Day

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Posted by  ▪  Friday, September 21, 2012 at 5:31pm

All the details and links at TaxProf Blog.

Short version.  He made a lot, and gave a lot to charity.

The interesting part:

The campaign also released a statement from PriceWaterhouseCoopers on the Romneys’ tax filings over 20 years, from 1990 – 2009:

  • In each year during the entire 20-year period, the Romneys owed both state...
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Time for Patriotic (Liberal) Millionaires to belly up to the buffet

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Posted by  ▪  Wednesday, September 19, 2012 at 8:40pm

You do realize that there actualy are some Patriotic Millionaires, don’t you?

Guys like Warren Buffet and others who insist that people pay higher taxes, but don’t take the chance to pay voluntarily.

Like this guy, who turned out to be a plant by a group called the Patriotic Millionaires for Fiscal Strength,...

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Government built the roads which lead to the hospital at which you were born

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Posted by  ▪  Friday, July 27, 2012 at 11:22am

Three radio events yesterday, all related to my post Obama and Warren cribbed “build it” narrative from progressive Berkeley Professor.

1. Rush featured the post in a lengthy segment.  I don’t have the audio, but the transcript is here. (Audio added via DailyRushbo):

2. I was a guest on the Lars Larson Show...

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The You Didn’t Build It Act of 2012

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Posted by  ▪  Saturday, July 21, 2012 at 8:30am

To make it perfectly clear to those of you who want to keep more than a hunk of your money, who think you are successful because you are smarter or worked harder, who think you built that business,

good for you…

but don’t think that just because you pay 70% of income taxes that you have paid...

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Harry Reid still is Harry Reid

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Posted by  ▪  Tuesday, July 10, 2012 at 1:33pm

Up to his usual games, via The Hill:

Senate Majority Leader Harry Reid (D-Nev.) has scheduled a vote Tuesday to bring up legislation to extend tax relief to small businesses that increase their payrolls.

Republicans question whether it...

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Tax needle threaded perfectly

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Posted by  ▪  Wednesday, July 4, 2012 at 6:00pm

The conundrum – how to be intellectually consistent that the mandate was an unconstitutional penalty to force people into commerce, yet deal with the fact that The Chief and the four liberal Justices called it a constitutional tax.

I said the only solution to this pretzel logic was to say, the Supremes...

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Pretzel tax logic

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Posted by  ▪  Monday, July 2, 2012 at 1:32pm

Saving Obamacare by calling a penalty a tax has created all sorts of political contortions.

What if the Supreme Court had called a dog a cat, would we then be required to call a dog a cat, particularly if it were better for us?

That’s where we are right now.  Properly characterizing the...

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That $3 dinner with Obama may cost you hundreds in taxes

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Posted by  ▪  Friday, June 22, 2012 at 2:45pm

I have highlighted before the $5 and then $3 dinner raffles run by Obama to get names for his fundraising list.  Other candidates have used such gimmicks, but Obama by far has been the most aggressive, running them for months.

Technically, these raffles are “sweepstakes” because you can enter without paying anything,...

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The joys of being a small business owner in Obama’s America

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Posted by  ▪  Sunday, April 15, 2012 at 3:02pm

A reader writes:

Not sure if you have something planned for tax day, but thought you’d like a little perspective from the private sector. If you do use it, please hold back our names – a few of my clients are liberals!

The joys of being a small business owner in Obama’s America.

We are sole...

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Romney’s been down this tax return road before, and it’s a dead end

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Posted by  ▪  Saturday, March 31, 2012 at 9:18am

Is this really happening again?  Is Mitt Romney refusing, even assuming he is the nominee which looks likely, to release any more tax returns?

Romney released his 2010 return and projections for 2011 only after a disastrous couple of weeks of refusing to do so.  I predicted at the start that his position ...

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