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taxes  (Page 3)

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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Fix the tax code or we’ll shoot another rabbit

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Posted by  ▪  Monday, March 26, 2012 at 9:55am

Herman Cain’s Sick of Stimulus website has released a new web ad.

It’s right up there with the “greats” of web ads.  (h/t Robert Costa, who says he is speechless.)

Update:  This reaction from one of the people behind the Rush boycott actually is quite unintentionally funny:

And, Cain protests temporary removal of controversial rabbit...

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Turbo Taxed enough already

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Posted by  ▪  Sunday, February 26, 2012 at 6:00pm

One of our readers, Patricia, has started doing graphic production work for a local Tea Party group, check out her first item.

Elsewhere:

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Obama approaches the key 50% mark

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Posted by  ▪  Monday, February 20, 2012 at 1:23pm

If only Obama could get over 50%, he’d have a lock on re-election:

Update:  Remember, because of the implicit marginal rate, people in this category face huge financial disincentives to earning more money.

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Caterpillar will build new plant outside Illinois due to negative business climate

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Posted by  ▪  Thursday, February 9, 2012 at 11:42am

Caterpillar has ruled out building a planned new plant in Illinois due to the negative business climate, via AP:

“Please understand that even if your community had the right logistics for this project, Caterpillar’s previously documented concerns about the business climate and overall fiscal health of the state of Illinois still would...

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Bush-Reagan Debate 1980 on Taxes

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Posted by  ▪  Wednesday, January 18, 2012 at 7:38pm

Some of the best YouTube videos are the ones you find when you are looking for something else.

And I think this is a pretty good one for three reasons. 

First, how great is it to see this piece of history?  Second, it highlights the argument over tax cuts as a means...

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When Romney has lost Chris Christie (on releasing tax returns)

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Posted by  ▪  Wednesday, January 18, 2012 at 9:39am

Chris Christie on the Today Show this morning:

New Jersey Gov. Chris Christie, one of Mitt Romney’s most popular and visible surrogates, said Wednesday the Republican presidential candidate and former Massachusetts governor should release his tax returns as soon as they’re available.

“I would say if...

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Tax return slippery slope

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Posted by  ▪  Tuesday, January 17, 2012 at 9:36am

I saw this coming from a mile away.

Mitt Romney’s original position that he would not release his income tax returns, a position he held to for several weeks, now is slipping.

At the debate last night Romney gave a convoluted answer that he “probably” would release the tax returns in April —...

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