Image 01 Image 03
Sign In or RegisterLogout

Taxes Tag

Posted by William A. Jacobson on August 20, 2009 0 Comments

To resolve the Mexican Standoff in which the Democrats find themselves over the health care restructuring bill, Harry Reid apparently has come up with the idea of splitting the bill. The popular insurance reform provisions would go to a full Senate vote subject to a...

Posted by William A. Jacobson on August 17, 2009 6 Comments

As set forth in my prior post, IRS The New Health Care Enforcer, the new tax provisions in the Senate and House draft health care bills tax people for failing to obtain acceptable health coverage. These taxes are crucial to implementing a health care mandate...

Posted by William A. Jacobson on August 14, 2009 30 Comments

People often joke that government-run health care will have the efficiency of the motor vehicle department, and the compassion of the Internal Revenue Service. This joke will become reality if present Democratic health restructuring proposals are enacted.Under both the House and Senate Health, Education, Labor...

Posted by William A. Jacobson on August 01, 2009 4 Comments

The NY Times reports on whether the Treasury's "Pay Czar" will try to break the contract Citigroup has with a Phibro commodities trader, under which the trader is owed $100 million. There apparently is no dispute that absent the Treasury lending Citigroup money, and the...

Posted by William A. Jacobson on June 22, 2009 9 Comments

Want to laugh out loud? Read "Barack Obama, Deficit-Slayer" by Matthew Yglesias: As the economy recovers, tax revenues will rise, social safety net outlays will fall, and stimulus measures will begin to tamp down. If we can assume further growth in 2011, the complete expiry...

Posted by William A. Jacobson on April 29, 2009 25 Comments

It would be very easy to fall into a depression over Arlen Specter switching political parties, giving Democrats a likely filibuster-proof Senate majority. The result will be that Obama will be able to push through much of his agenda without meaningful debate.Not that I will...

Posted by William A. Jacobson on April 16, 2009 2 Comments

I attended the Tea Party in Corning, NY, yesterday. There was a good crowd in this relatively small town in western upstate NY (several hours from NY City), several hundred in total. Corning is home to Corning glass and Steuben glass. The entire region has...

Posted by William A. Jacobson on March 21, 2009 2 Comments

The financial crisis seems hard to understand. How did we go from a robust economy to "the worst economy since the Great Depression"? (h/t Barry O)There are 27 visualizations which make things easier to understand. I like this one in particular (click on picture to...

Posted by William A. Jacobson on March 20, 2009 4 Comments

Note: This is a cross-post with Gay Patriot. I ask the question, they give the answer.---------------------------------------------------There is a peculiar, somewhat uniquely, Jewish phenomenon. It's called worrying about what is "bad for the Jews." Many have noted this phenomenon before, so I don't claim originality here.Groups...

Posted by William A. Jacobson on March 19, 2009 0 Comments

Note: Cuomo's Press Release and The Indictment Are Posted BelowThis story is just breaking. Hank Morris, a top confidant of U.S. Senator Charles Schumer, has been indicted for pension fraud for using political connections to steer N.Y. State Pension Fund business for a fee:A political...

Posted by William A. Jacobson on March 17, 2009 4 Comments

Oh boy, has this administration become unhinged in its efforts to force through Obama's "bet the farm" economic plans.Rahm Emanuel runs anti-opposition campaigns from inside the White House against Rush Limbaugh to take down the leading opponent of Obama's economic plans. The White House coordinates...

Posted by William A. Jacobson on March 16, 2009 0 Comments

I am so proud. My home State of Rhode Island and Providence Plantations is tops in home mortgage fraud, according to a study just released: Rhode Island has displaced Florida as the state leading the nation in mortgage fraud, according to a report made public...

Posted by William A. Jacobson on March 13, 2009 1 Comment

Professor Glenn Reynolds, of Instapundit fame but writing for Forbes, focuses on changing the way we view and treat "old" age as one of the keys to solving the social security problem:But even much more modest progress--extending healthy middle age from 60 to, say, 80--would...

Posted by William A. Jacobson on March 08, 2009 4 Comments

I was at a party last night when a total stranger struck up a conversation with me. He didn't know who I was, or that I had a blog. The crowd was mixed (by political persuasion), so there was no reason for this person to...

Posted by William A. Jacobson on March 08, 2009 3 Comments

The full set of comparisons and calculations in hundred dollar bill stacks are here. Keep your eye on the little guy (in this picture) in the lower left, as you work your way up to one trillion dollars:(h/t Mr. Mike)...

Accessibility by WAH