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Taxes Tag

Posted by William A. Jacobson on October 21, 2011 23 Comments

Of course, there always will be a top 1%, so those in the Occupy Wall Street movement who want to demonize the top 1% always will have a cause. But the numbers of millionaires who could be taxed to feed the demands of the proletariat is down in...

Posted by William A. Jacobson on October 06, 2011 24 Comments

The anti-1% street agitation is the fulfillment of a process we have seen unfold since Obama's 2008 campaign, a process by which a group of various definitions of wealth is isolated and targeted for demagoguery. It was the Top 5%, then the Top 2%, now it's...

Posted by William A. Jacobson on October 06, 2011 19 Comments

The silent majority. The ones who pay the bills, and the taxes, and the tuitions, and the pensions, and the benefits, for the people who falsely claim to be the 99%. The ones who did not graduate from the school of perpetual expectations and handouts. The ones who...

Posted by William A. Jacobson on October 05, 2011 10 Comments

You may remember that Amazon.com stopped doing business through "affiliates" (websites and blogs) in California, after the state passed a law requiring companies like Amazon to collect state sales taxes on purchases made through California affiliates. Amazon has settled with California and will resume its relationships, but it...

Posted by William A. Jacobson on September 30, 2011 4 Comments

As Kathleen posted earlier, Warren Buffett is backing away from the so-called Buffett Rule, which apparently is not so much a Rule as a stream of consciousness sprinkled with thoughts and afterthoughts. The best thing about the Buffett Rule Non-Rule What Are You Talking About, is...

Posted by Kathleen McCaffrey on September 30, 2011 6 Comments

when the rule named after you isn't what you want: Warren Buffett backs out of Obama's Buffett Rule on CNBC.  ...

Posted by William A. Jacobson on September 28, 2011 21 Comments

At a recent Obama campaign event masquerading as a town hall, an ex-Google executive begged Obama to raise his taxes, to which Obama responded with an Elizabeth Warren-like argument: It turns out the guy was a plant by a group called the Patriotic Millionaires for Fiscal Strength,...

Posted by William A. Jacobson on September 18, 2011 32 Comments

Five days ago Obama unveiled a "jobs plan" which included tax hikes of $467 billion, $400 billion of which were on individuals making $200,000 (and couples making $250,000). Tomorrow Obama will unveil a "deficit reduction plan" which will include $1.5 trillion in new taxes including an extra tax...

Posted by William A. Jacobson on September 18, 2011 11 Comments

This seems like pretty good advice to the GOP, although the pathetic political ploy needs to be called for what it is (as I did last night): Update:  Time for an invervention, Obama’s on a tax hike bender...

Posted by William A. Jacobson on September 17, 2011 21 Comments

How sad.  Our president has been reduced to chasing demons. Obama's recent phony jobs bill which raised $400 billion in taxes on everyone making over $200,000 (couples over $250,000) apparently did not whip the masses into a pitchfork and torch frenzy, because it targeted our doctors, local...

Posted by William A. Jacobson on September 12, 2011 14 Comments

The Great Jobs Plan of 2011 is nothing more that The Great Tax Increase of 2011. He's completely incorrigible, the Rain Man of class warfare and tax increases on job creators: White House Office of Management and Budget  Director Jack Lew outlined President Barack Obama's plan to...

Posted by William A. Jacobson on August 22, 2011 42 Comments

... in order to pay for your grand spending plans is that sometimes you run out of rich: ... based on 2009 IRS figures, ... the number of taxpayers reporting annual income over $1 million fell 39 percent between 2007 and 2009; the number of super-wealthy...

Posted by William A. Jacobson on August 15, 2011 44 Comments

Warren Buffett has an op-ed in The NY Times bemoaning the fact that he and other super-wealthy investors pay a lower percentage of their income in taxes than their secretaries and other lower-paid staff members.  This is an argument frequently heard from Democrats. But in making...

Posted by William A. Jacobson on August 12, 2011 16 Comments

Obama once again is moving hard on the class warfare, and there is every signal that setting up a fight between the "rich" and "not rich" is the Democratic campaign theme for 2012. Obama keeps claiming the "rich" do not pay their fair share, but the...

Posted by William A. Jacobson on August 06, 2011 21 Comments

Consider this just an ideas open thread. Keep it clean, children could be reading. I'll start:  There is a deep sadness at the loss of members of SEAL Team 6.  Every soldier is valuable and mourned, but this tragedy seems to be special. Updates:  This chart from Division...

Posted by William A. Jacobson on August 03, 2011 14 Comments

The debt deal "trigger" requires that one-half of the budget cuts come from the military if the "super committee" cannot reach agreement or if the Congress fails to pass the super committees proposal. The concept was that fear of military cuts would force Republicans to strike...

Posted by William A. Jacobson on July 31, 2011 9 Comments

From the Powerline Prize competition (h/t Glenn Reynolds): ...

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