Keith Ellison is Mystified that Apple Doesn’t Want to Pay More Taxes
Of course he is. Hell, he’s probably befuddled as to why all of us who work hard to make a living don’t want to pay more to support the nearly 50% of the population that don’t pay any income taxes. A progressive Democrat that has only ever worked as a lawyer or a legislator probably [...]
White House Budget: At Some Point, You’ve Saved Enough…
Leave it to a bunch of know-it-all liberals to decide for you when you’ve saved enough. What Wile E. Obama and the ACME Economic Destruction Co. want is the taxes; more fuel to throw into the giant insatiable maw of leviathan. Sets limits on tax-preferred retirement accounts for millionaires and billionaires: The budget will also [...]
Don’t use TurboTax, Minnesota Department of Revenue warns taxpayers
I wonder if they’re having such issues in other states. We’ve already filed (using a professional) this year, but were contemplating using TurboTax in the future. This may cause us to reconsider. Citing “multiple issues with the products”, the Minnesota Department of Revenue issued a crisp statement today urging tax filers to avoid using Intuit [...]
The Government has Huge Amounts of Waste, But the Sequester’s 2.2% Cuts Will be a “Disaster”
Wile E. Obama, CEO of the ACME Economic Destruction Co. is busy telling anyone who will listen that the budget cuts automatically enforced by sequestration will be a disaster. Cutting 2.2 percent of our enormous federal budget will precipitate disasters on many fronts, and -of course- it’s the Republican’s fault. Charles Krauthammer examines how the [...]
No Kidding? We Coulda Told You That. GAO Report: Obama’s Policies ‘Not Sustainable’
And, this is news to whom? Apparently to the lapdog media, who doesn’t report on such things if they make the Dear Leader look bad. Consequently, they aren’t reporting on much of anything that’s substantive these days. And, just this week, we learn that Wile E. Obama and the ACME Economic Destruction Co. wants to [...]
Really? Obama Will Say in SOTU that Job of Debt Reduction “Nearly Done”
This would be laughable if it weren’t so sad. I would think, just maybe, that our $16.5 TRILLION debt would keep a rational man from making a statement like that, but then there isn’t much rational about Wile E. Obama and the ACME Economic Destruction Co.’s economic agenda. Bring on the job-crushing environmental mandates! Increase [...]
High California Taxes to Drive Phil Mickelson Somewhere Else?
That somewhere else could be another state, or a state of retirement. Mickelson cites legislation that raised the state tax rate to 13.3% on incomes over $1 million as the reason he severed ties with a group that owns the San Diego Padres. “If you add up all the federal and you look at the [...]
Obama’s Big Ideas are Bound to Suck for Most of Us
Tim Cavanaugh of Reason examines the first-term track record of Barack Hussein Obama (mmmm, mmmm, mmmm), and concludes that what’s coming the second term of the Petulant Boy-King is going to suck for the vast majority of the benighted masses (that’s you and me, friend). Between regulatory excess, Obamacare, executive orders, and and ever-growing federal [...]
Current TV Staff Discover the Truth about Algore, Too Late.
Gore sold his Current TV network to Al Jazeera just before the end of the year. The staff’s first meeting with their new owners didn’t leave them feeling very good about the whole thing: (New York Post) “Of course Al didn’t show up,” said one high placed Current staffer. “He has no credibility. “He’s supposed [...]
Was the Fiscal Cliff Deal a Triumph Over Liberalism?
George Will thinks so. If you look at his logic -which involves the number of Democrats who voted to make most of the Bush tax rates permanent- it looks pretty solid (my bold emphasis). “I think people will look back on this [as a] deal where liberalism passed an effigy and went into decline for [...]
We’re Saved from the Fiscal Cliff! Your Taxes are Still Going Up
Well, most of you. And, the less you make, the more it will hurt. The payroll tax reduction, which -as part of the stimulus- took the rate from 6.2% to 4.2%, has expired. This tax affects everybody, but it has a cap – so people who make a lot of money only pay it on [...]
Tentative Accord Reached to Raise Taxes on Wealthy
I don’t really think people making $400,000 per year are “wealthy.” It’s all symbolic, and it doesn’t do shit to reduce the deficit. Theater. Spending cuts? Where are they? It’s all BS. While the Senate moved toward a vote on legislation to avoid the so-called fiscal cliff, the House was not going to consider any [...]
Small Businesses and Economists Agree: Higher Taxes is a Bad Idea
With President Obama intent on raising taxes on anyone making $250,000, it seems certain that a lot of small businesses will be impacted. A Chamber of Commerce survey confirms this: A survey of U.S. Chamber small business members found that impending tax increases will slow hiring and stall business investment and expansion: Is the impending [...]
Raising Taxes on the “Wealthy” Isn’t Going to Solve the Problem
Jerry Gorski runs an engineering company. In this video produced by the House Majority Whip, he says “This notion that $250,000 being the top 2% or the wealthy people in America ignores the way most small businesses work in America.” Raising taxes on the Jerry Gorskis of America isn’t going to solve our problem. In [...]
The Untenable State of the Welfare State
Tyler Durden at Zero Hedge has an interesting -and troubling-article about the state of the Welfare State in America. It’s not pretty. Part of it addresses the fact that it’s now more advantageous for folks in some income ranges (up to $69,000) to get government benefits than it is to actually work and pay taxes. [...]
The Obama Administration Should Get a Clue from England about Raising Taxes on the Rich
UPDATE: Here’s an example of the kind of evasive behaviors folks will engage in when faced with the prospect of higher taxes: Costco to Pay Special $3 Billion Dividend. This will allow holders of Costco stock to pay the 15% dividend tax rate before it goes up next year (nearly double for some brackets). People [...]
Addressing the Fiscal Cliff: Obama Wants $1.6T in “New Revenues”
Translation: big new taxes. I don’t think Boehner and the Republicans are going to go along. I’m not sure that I’d define households making $250,000 a year as “wealthy.” This seems way too low a threshold for eliminating the Bush tax rates. President Obama is taking a tough opening stance in talks over deficit reduction, [...]
How Much Deficit Reduction Will Tax Hikes on Rich Achieve? Zero.
That’s the judgement of the Congressional Budget Office. I don’t think raising taxes on the “rich” (those making $250K or more) was ever about deficit reduction for Obama. It’s about getting even. Raising taxes on the rich was the cornerstone of President Obama’s reelection campaign. “If we’re serious about reducing the deficit,” Obama told a [...]
Stuff I Didn’t Know: The NFL is a Tax-Exempt Non-Profit
I had no idea. Why are they allowed to keep this status? Once in a while, I run across something that I did not know and it leaves me flabbergasted. For example, I did not know that the National Football League, the colossus of professional sports, is classified as a non-profit — a tax-free non-profit, [...]
Almost Half the Voting Population Want More of This? Analysis: Americans to Face Tougher 2013 on Rising Prices, Taxes
Barack Obama’s economic policies have given us the terrible economic state we’re in now. It’s difficult to believe that anyone would want four more years of this. It will be a disaster. Consumers will have to dig deeper into their pockets next year to pay for costlier healthcare, more expensive grocery bills and higher taxes, [...]
This Tax Will Probably Go Up, No Matter Who is Elected
Are you aware that the federal Social Security Payroll Tax is scheduled to increase in 2013? Not many people are. The tax was reduced temporarily for 2011 and 2012, but Congress will probably let the reduction expire. (MyWay) President Barack Obama isn’t talking about it and neither is Mitt Romney. But come January, 163 million [...]
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