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Taxes Tag

Posted by William A. Jacobson on November 11, 2012 48 Comments

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...

Posted by William A. Jacobson on September 21, 2012 35 Comments

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...

Posted by William A. Jacobson on September 19, 2012 10 Comments

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...

Posted by William A. Jacobson on July 27, 2012 37 Comments

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...

Posted by William A. Jacobson on July 21, 2012 23 Comments

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...

Posted by William A. Jacobson on July 10, 2012 17 Comments

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 is a sincere effort or just a messaging vote....

Posted by William A. Jacobson on July 04, 2012 34 Comments

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...

Posted by William A. Jacobson on July 02, 2012 73 Comments

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...

Posted by William A. Jacobson on April 15, 2012 38 Comments

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...

Posted by William A. Jacobson on March 31, 2012 51 Comments

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...

Posted by William A. Jacobson on March 26, 2012 45 Comments

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...

Posted by William A. Jacobson on February 26, 2012 16 Comments

One of our readers, Patricia, has started doing graphic production work for a local Tea Party group, check out her first item. Elsewhere: AP Rigs Poll for Obama . Krauthammer: When Will Islamic Nations Apologize To Us….  The thing about Charles is that he keeps asking questions. The president’s fuel...

Posted by William A. Jacobson on February 20, 2012 32 Comments

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....

Posted by William A. Jacobson on February 09, 2012 34 Comments

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...

Posted by William A. Jacobson on January 18, 2012 10 Comments

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...

Posted by William A. Jacobson on January 18, 2012 29 Comments

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 you...

Posted by William A. Jacobson on January 17, 2012 55 Comments

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...

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