Democrats have an idea. Let's take an additional $2 trillion from the private sector and give it to the federal government. What possibly could go wrong? ...
Last night John Boehner announced that Republicans were abandoning an attempt to reach a $4 trillion deficit reduction deal with Obama because Obama inisted on $1 trillion in tax increases. Obama always wants new taxes on the "rich." As Michael Alan wrote here, Obama wanted tax...
In his rather "prickly" press conference on Wednesday, President Obama made it sound as if tax increases (or, to use the Democrats' language, "cutting spending in the tax code") were part of a last resort at trimming the deficit as the federal government reaches its...
The Revolt of the Kulaks has come to California. Via Drudge, California's attempt to tax internet sales has met with a reaction: Gov. Jerry Brown has signed into law California's tax on Internet sales through affiliate advertising which will immediately cut small-business website revenue 20% to 30%, experts...
I heard it on the radio, so it must be true.--------------------------------------------Follow me on Twitter, Facebook, and YouTubeVisit the Legal Insurrection Shop on CafePress!...
Via TaxProf comes this news: 51% of income "tax filing units" now pay no federal income tax. While that does not necessarily translate into 51% of the population, it still shows that there is a strong political incentive to pander to those who pay no federal income...
About 30 people in Providence, RI protested outside a Bank of America branch as part of MoveOn.org's Tax Day: Make Them Pay national protest.The video below shows two of the protesters accompanied by someone taking video entering the bank to present a "tax bill" to BofA. I...
It's slow posting here today.I'm trying to get as much done on income tax preparation this week as possible, since it's our spring recess.Every year I go through the same thought process:The income tax preparation process is a colossal waste of time, effort and resources. It...
The 400 wealthiest people control more wealth than that controlled by bottom economic half the population. Michael Moore said it, and PolitiFact checked it, so it must be true.So what?There is no limit to wealth in a free-market, capitalist society, unlike a socialist society where government...
The AP (via CBS News) has a headline sure to warm the hearts of the Obama communications team: High Taxes? Actually, They're at a 60-Year Low:Actually, as a share of the nation's economy, Uncle Sam's take this year will be the lowest since 1950, when...
Tax increases in Illinois are causing other states to target Illinois businesses with promises of a more friendly business environment.I previously posted how Indiana Governor Mitch Daniels Favors Tax Increases ...
Mitch Daniels, Republican of Governor of Indiana and prospective presidential candidate, is having some fun with proposed tax increases in neighboring Illinois, as reflected in Daniels' interview with The Northwest Indiana Times (h/t Illinois Review):Gov. Mitch Daniels thinks Illinois' proposed 75 percent hike in its corporate...
From the producer of Feminism Explained and Meet the Liberal Elite. Thanks again to reader Robin for the link.[youtube=http://www.youtube.com/watch?v=vgTFiMUF4kY?fs=1]Once again, liberal consciences were put to the test.--------------------------------------------Follow me on Twitter, Facebook, and YouTubeVisit the Legal Insurrection Shop on CafePress!...
This is not the post you probably were expecting from me given my harsh -- and as always prescient -- criticism of Republicans in the lame duck session. I was screaming "capitulation!" before screaming "capitulation!" was fashionable.Notwithstanding the lame duck session, give Mitch McConnell some credit...
Three law professors have established a website (h/t RightCoast via Instapundit) where people can calculate how much they are saving by the extension of the current marginal tax rates and then donate that amount to one of four selected charities.The website, GiveItBackForJobs.org, states that the...
Republicans in the Senate collectively agreed that there would be no votes on any legislation unless and until expiring marginal tax rates and the budget continuing resolution were passed.That agreement held together through the passage of "tax deal" and the defeat of the Omnibus bill.Then...
Via Public Secrets:[youtube=http://www.youtube.com/watch?v=sHcXtG_C3qM?fs=1]But, could we have held the tax rates steady without the Christmas Tree ornaments hung onto the bill?--------------------------------------------Follow me on Twitter, Facebook, and YouTubeVisit the Legal Insurrection Shop on CafePress!...
The Omnibus bill was pulled last night by Harry Reid after several Republicans who were considering voting for it reversed course.The Omnibus bill was defeated because of you and millions of others like you who let their voices be heard on the internet, radio airwaves, through...
