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Taxes Tag

Posted by William A. Jacobson on December 20, 2012 35 Comments

Just flashed across the screens was that the final vote on the tax portion of so-called Plan B had been cancelled tonight because John Boehner did not have enough votes. What a mess. You don't go there unless you are certain you can get there. Plan C, The...

Posted by William A. Jacobson on December 18, 2012 21 Comments

It is very frustrating to watch John Boehner and House Republicans twist themselves into contortions in a futile attempt to appease Obama. Plan B failed before it was swallowed because Obama believes that he can shift the blame to Republicans based on the arbitrary deadline for...

Posted by William A. Jacobson on December 17, 2012 24 Comments

Locked in trillion dollar tax revenue increase. Promises, promises on spending cuts. According to the frequently wrong but always wonkish-proclaiming Ezra Klein, this is where the Boehner-Obama negotiations are heading: Boehner offered to let tax rates rise for income over $1 million. The White House wanted to let tax...

Posted by William A. Jacobson on December 12, 2012 11 Comments

I am going to keep repeating The Christmas Strategy until someone in Republican circles listens: I say call his bluff. If a deal which tackles deficits from both revenue and spending can be reached this month, great. If not, pass a 90 day extension of current tax...

Posted by William A. Jacobson on December 11, 2012 32 Comments

From DrewM at Ace of Spades HQ, What Does Let It Burn Mean? (h/t Hot Air), : As one of the first, if not the first, people to say Let It Burn, I’m clearly thrilled with the growing chorus of voices joining the movement. Like any movement,...

Posted by William A. Jacobson on December 08, 2012 18 Comments

Peter Ferrara at Forbes, Why America Is Going To Miss The Bush Tax Cuts, examines the propaganda perpetrated for a decade by the media and Democrats about the Bush tax cuts: Because so many major media institutions, like the New York Times and the Washington Post, have...

Posted by William A. Jacobson on December 06, 2012 21 Comments

The danger of overplaying one's strong hand....

Posted by William A. Jacobson on December 05, 2012 39 Comments

Taxes are going up you ungrateful kulaks. Top Marginal Tax Rate Will Exceed 50% in California, New York, and Hawaii in 2013 (h/t Instapundit): This paper compares state-by-state estimates of the top marginal effective tax rates (METRs) on wages, interest, dividends, capital gains, and business income for tax year...

Posted by William A. Jacobson on December 03, 2012 30 Comments

What does this solve? Via ABC News: Republicans are seriously considering a Doomsday Plan if fiscal cliff talks collapse entirely. It’s quite simple: House Republicans would allow a vote on extending the Bush middle class tax cuts (the bill passed in August by the Senate) and...

Posted by William A. Jacobson on November 30, 2012 47 Comments

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...

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...

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