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Taxes Tag

Posted by William A. Jacobson on December 21, 2009 6 Comments

What did the tanning industry ever do to deserve being singled out for a new 10% surtax on all indoor tanning services in Harry Reid's Manager's Amendment?The tanning tax was a substitute for the cosmetic surgery tax (a/k/a Botax) in the prior bill.This may seem...

Posted by William A. Jacobson on December 07, 2009 15 Comments

Yow. Per Rasmussen poll just released (h/t HotAir), Tea Party Tops GOP on Three-Way Generic Ballot:In a three-way Generic Ballot test, the latest Rasmussen Reports national telephone survey finds Democrats attracting 36% of the vote. The Tea Party candidate picks up 23%, and Republicans finish...

Posted by William A. Jacobson on December 02, 2009 4 Comments

Congratulations Senior Citizens. Your self-appointed advocate, AARP, has intervened again in favor of Democratic health care restructuring proposals:As the Senate prepares to vote on a controversial Medicare funding amendment to the $848 billion health care bill, the seniors lobby has weighed in with a letter...

Posted by William A. Jacobson on December 02, 2009 4 Comments

Via the TaxProf, GOP Introduces Geithner Penalty Waiver Act:Congressmen John Carter (R-TX) and Lynn Westmoreland (R-GA) yesterday introduced the Geithner Penalty Waiver Act, requiring that the IRS assess the same penalty against U.S. taxpayers that came forward in the UBS tax fraud investigation as paid...

Posted by William A. Jacobson on November 18, 2009 14 Comments

Harry Reid and his Democratic band of friends want to impose a 5% excise tax on all elective cosmetic surgeries (those which are not needed to repair deformaties or injuries caused by an accident or disfiguring disease). It's all in Section 9017 of Harry Reid's...

Posted by William A. Jacobson on November 11, 2009 8 Comments

Is it possible to pay more than 100% of your last dollar of income in taxes? And if it were, would you bother to earn that last dollar?Herein lies the key to how Democrats will obtain a permanent, economically-enslaved majority if universal income-based health care...

Posted by William A. Jacobson on October 11, 2009 2 Comments

There is one supreme Democratic idiocy in the health care debate which has not received enough attention. The entire focus of the Democratic proposals -- whether HR3200, the Senate HELP Committee bill, the Baucus Concepts, or the Obama non-plan -- is to increase the cost...

Posted by William A. Jacobson on October 10, 2009 15 Comments

Karl Marx famously wrote that "history always repeats itself, the first time as tragedy, and the second as farce."Barack Obama has reversed these historical forces. With Obama, farce repeats itself as history.As a neophyte politician, Obama was elected to the Illinois State Senate when he...

Posted by William A. Jacobson on October 09, 2009 1 Comment

The Congressional Budget Office released its Monthly Budget Report for fiscal year 2009. Most of the news reports have focused on the deficit numbers, up to $1.4 trillion: CBO estimates that the federal budget deficit was about $1.4 trillion in fiscal year 2009, $950 billion...

Posted by William A. Jacobson on October 07, 2009 1 Comment

As pointed out here first, the Democratic health care restructuring plans put the IRS in the forefront of health care mandate enforcement (the Democratic HELP Committee version even gives the IRS the ability to set mandate tax rates -- why is no one talking about...

Posted by William A. Jacobson on October 06, 2009 4 Comments

Scrolling through the excellent TaxProf Blog reminded me of a fundamental dynamic in American politics. A large percentage of voters pay no federal income taxes: 47% Will Pay $0 Income Tax in 2009.But that doesn't tell the full story. For whom do these non-tax paying...

Posted by William A. Jacobson on September 27, 2009 8 Comments

I haven't paid much attention to the upcoming 2010 Census, until the recent death of part-time Census worker Bill Sparkman, whose death under unclear circumstances is being shamelessly exploited by left-wing blogs.I went to the Census website, and took a look at the questions which...

Posted by William A. Jacobson on September 26, 2009 4 Comments

This story has not received enough play, and has been lost in the shuffle of Obama's UN and G-20 appearances.The Senate Joint Committee on Taxation is considering the tax aspects of proposed Democratic health care bills. Republican Senator John Ensign has revealed that the bill...

Posted by William A. Jacobson on September 24, 2009 7 Comments

The efforts by Barack Obama to force NY Gov. David Paterson not to run for election in 2010 have roiled NY politics, and baffled many who wonder why a President felt the need to get involved in state politics.The crushing NY State budget gap has...

Posted by William A. Jacobson on September 12, 2009 7 Comments

A movement is growing in Britain to slash government spending rather than impose tax increases, according to the Sunday Times:Voters are overwhelmingly in favour of cutting public spending rather than tax rises to close the budget black hole, a Sunday Times/YouGov poll finds today.Sixty per...

Posted by William A. Jacobson on August 25, 2009 1 Comment

More tax mischief surfaces, once again, when the pending House health care bill is squeezed. This analysis by a tax lawyer at the law firm of Cleary Gottlieb shows that when various cross-referenced provisions are read together, the House bill limits the discretion of the...

Posted by William A. Jacobson on August 21, 2009 4 Comments

Why hadn't I seen this before?[youtube=http://www.youtube.com/watch?v=q9GMKK_fWKg](h/t Tysk)--------------------------------------------Related Posts:Bureaucracy Expansion Act of 2009IRS The New Health Care EnforcerFollow me on Twitter and Facebook...

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