Keyword: incometaxes

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  • How Many Poor People Could Receive Health Insurance If Democrats Paid Their Taxes

    09/08/2009 4:54:36 AM PDT · by William Tell 2 · 9 replies · 658+ views
    Tea Time Blog ^ | 9-8-09 | Michael P. Tremoglie
    Liberal Democrats like to say that if our government took all the money spent on the Iraq war it could pay for health insurance for all of the uinsured. Well, that may be, however, the Iraq war was a matter of national security. Regardless of what one believes, the purpose of the war was to prevent another terrorist attack. However, there is something liberal Democrats can do to help the government pay for the uninsured. This won't require changing the insurance status of the 90% of Americans who are very satisfied with the current system. Liberal Democrats just need to...
  • DEP Determines Slime Trail Was Just Governor Rendell (Humor)

    07/10/2009 11:06:00 AM PDT · by SvenWaring · 195+ views
    DotPenn.com ^ | 07-10-2009 | Sven Waring
    Pennsylvanians: We've been slimed!A strange, mucous-like slime trail that originated in Harrisburg and continued into central Pennsylvania a few days ago was caused by Governor Edward "G. Tax Me" Rendell, according to members of the Pennsylvania Department of Environmental Protection cryptozoological clean-up team.Originally, team members feared that it was the trail of a giant snail, not a gelatinous slimeball--or several of Rendell's cronies, said team leader Nick Draffenstoots."There is absolutely nothing to fear, at least from a toxicity standpoint," said Draffenstoots. "On the other hand, if you're afraid of living the rest of your days mired in a sewer pit...
  • "Silent Majority" No More

    07/03/2009 9:27:49 AM PDT · by BigKahuna · 18 replies · 776+ views
    Entitlement Syndrome ^ | 07/03/2009 | Admin
    We note a growing movement against interfering and over-instrusive government these days, and that movement is embodied by the TEA (”Taxed Enough Already”) Party phenomenon. A quick check of the national TEA Party movement’s website — and the Tea Party sites in various states — reveals that literally thousands of these parties are going to take place across the United States on July 4th, the 233rd anniversary of the country’s declaration of independence from its colonial masters, the British. We have to say that this growing movement — which at its heart seeks to rein in out-of-control government spending at...
  • Had enough yet?

    05/23/2009 8:28:11 AM PDT · by DogByte6RER · 9 replies · 1,001+ views
    The Temecula Valley News ^ | Friday, May 22nd, 2009. | Rick Reiss
    Had enough yet? Rick Reiss Friday, May 22nd, 2009. Big government proponents frequently remind us that taxes are the price we pay for a civilized society. This line is actually attributed to the former Supreme Court Justice Oliver Wendell Holmes. While true in some respects, our current tax system is anything but civilized. America now has a government riding roughshod over people and businesses with even higher taxes and more rules and regulations. It is only fitting to remember a quotation by another famous American jurist. “That the power to tax…” wrote US Supreme Court Justice John Marshall “involves the...
  • With Obama Insane Spending Taxes Will Go Back Up To Carter Era

    04/17/2009 6:55:44 AM PDT · by jveritas · 12 replies · 559+ views
    April 17 2009 | jveritas
    In his first three months in office Obama has authorized the biggest government spending in history and thus doubling the deficit and the national debt. Because of this insanely wasteful spending that count in the trillions of dollars the only way for Obama to make up for this money is to massively increase the taxes to the Carter Era levels. Here is the simple math that proves the theory above. For 2008 the most optimistic estimates for income tax revenues will be around $ 1.1 trillion which is similar to what the government collected in incomes taxes revenues in 2007....
  • Hold the Tea: Americans Glad to Pay Taxes

    04/14/2009 1:52:08 PM PDT · by reaganaut1 · 26 replies · 1,247+ views
    New York Times ^ | April 14, 2009 | Robert Mackey
    In news that will be bad for activists hoping to start another American Revolution with a series of protests modeled on the Boston Tea Party, a new Gallup Poll finds that a solid majority of American say the income tax they pay is “fair,” and that slightly more than half classify their own tax burden as either “about right” or “too low.” According to Gallup, their annual April poll on taxes found this year that 48 percent of Americans said the amount of federal income tax they pay is “about right,” 3 percent say it is “too low,” and 46...
  • Everyone Should Pay Income Taxes

    04/12/2009 9:22:47 PM PDT · by GOP_Lady · 105 replies · 3,922+ views
    The Wall Street Journal ^ | 04-12-09 | Ari Fleischer
    It's bad for our democracy to exempt half the country.If you thought Bernard Madoff's Ponzi scheme was bad, wait until you hear about the inverted pyramid scheme the federal government is working on. While Mr. Madoff preyed on people who trusted him with their money, the federal government has everyone's money, and the implications of its actions are worse. Picture an upside-down pyramid with its narrow tip at the bottom and its base on top. The only way the pyramid can stand is by spinning fast enough or by having a wide enough tip so it won't fall down. The...
  • Richly Undeserved

    04/11/2009 5:44:12 AM PDT · by reaganaut1 · 9 replies · 739+ views
    New York Times ^ | April 10, 2009 | David Leonhardt
    [Obama's] agenda is a bold one in many ways. Yet his tax code would still look more kindly on wealth than Nixon’s, Kennedy’s, Eisenhower’s or that of any other president from F.D.R. to Carter. And only part of the reason for this is widely understood. It’s well known that tax rates on top incomes used to be far higher than they are today. The top marginal rate hovered around 90 percent in the 1940s, ’50s and early ’60s. Reagan ultimately reduced it to 28 percent, and it is now 35 percent. Obama would raise it to 39.6 percent, where it...
  • The Taxin' Illini

    03/22/2009 5:45:53 AM PDT · by reaganaut1 · 17 replies · 855+ views
    Wall Street Journal ^ | March 21, 2009
    [T]his week new [Illinois] Governor announced plans to raise state income taxes by 50%. Pat Quinn [...] is proposing to raise the personal income tax rate to 4.5% from 3% and the business tax to 7.2% from 4.8%. [...] Mr. Quinn ran as Mr. Blagojevich's Lieutenant Governor on a platform of no new taxes. But now he defends his huge tax increase by saying this will only hit those who have the "ability to pay." Of course, employers and the wealthy also have the ability to leave -- which they have been doing. In the last decade 736,000 more Americans...
  • Taxes Not Seen as Making the Rich Flee New York

    03/19/2009 1:49:17 PM PDT · by reaganaut1 · 32 replies · 1,597+ views
    New York Times ^ | March 18, 2009 | Nicholas Confessore
    It is perhaps the most potent argument offered by those who oppose increasing the income tax on wealthy New Yorkers: If you raise it, they will flee. That case has been made repeatedly by Gov. David A. Paterson, who says that higher taxes should be a last resort. It has been featured in a campaign by Taxpayers for an Affordable New York, a coalition of real estate and business interests. And it has been on the mind of Mayor Michael R. Bloomberg, New York City’s richest person, who said in a radio interview, “You can’t tax too much those that...
  • State Income Taxes May Jump 50 Percent

    03/13/2009 9:37:34 AM PDT · by truthnomatterwhat · 30 replies · 1,023+ views
    The Voice magazine ^ | March 13, 2009 | Jonas Clark
    According to a report by CBS Chicago, Governor Pat Quinn of Illinois is proposing a 50 percent hike in State income taxes. “The income tax increase could bring in nearly $4 billion. The budget deficit is expected to be more than $9 billion by the summer of 2010. State lawmakers are also talking about raising gasoline taxes to pay for road and bridge construction. Fees on driver's licenses and license plate stickers may also go up. In addition, some business tax
  • Lawyer gets 5-cent IRS bill, 4-cent refund

    01/03/2009 6:30:52 PM PST · by DogByte6RER · 16 replies · 1,740+ views
    MSNBC ^ | Sat., Jan. 3, 2009 | Associated Press
    Lawyer gets 5-cent IRS bill, 4-cent refund Detroit defense attorney remains confused over two notices DETROIT - James Howarth is a little confused by two letters he has received from the Internal Revenue Service. The Detroit defense lawyer received one letter in November that said he owed the IRS money — five cents. He was warned that he should pay "to avoid additional penalty and/or interest," the Detroit Free Press reported Saturday. Howarth said he then received a second letter telling him the government owes him money — four cents. He was told he would have to request the refund...
  • The Unequal Geographic Burden of Federal Taxation

    12/21/2008 4:44:27 AM PST · by reaganaut1 · 22 replies · 1,251+ views
    National Bureau of Economic Research ^ | November 2008 | Lester Picker
    In the United States, workers in cities offering above-average nominal wages pay 30 percent more in federal taxes than otherwise identical workers in cities offering below-average wages. In The Unequal Geographic Burden of Federal Taxation (NBER Working Paper No. 13995), author David Albouy estimates that federal taxes lower long-run employment levels in high-wage areas by 15 percent, depress land prices there by 25 percent, and reduce housing prices in the area by 4 percent. Economists term these negative outcomes "locational inefficiencies", and Albouy estimates that they cost taxpayers $34 billion in 2005. In the United States, highly taxed areas tend...
  • A Lawless Nation: Government Helps People Break Law

    11/16/2008 8:57:20 AM PST · by Sammy67 · 16 replies · 990+ views
    Lou Dobbs Tonight -- CNN -- November 14 "They're using identities of American citizens and the IRS is allowing it to happen." Casey Wian: More than 1,300 illegal aliens near Greeley, Colorado, have been using either stolen or phony Social Security numbers to receive at least $2.5 million in tax refunds, according to local law enforcement officials. (unbelievalbe video clip) Chief Jerry Garner, Greeley PD: These folks that are here illegally are victimizing American citizens by stealing their identity. Very, very often they are victimizing American citizens who are Latino. John Cooke, Weld County Sheriff: They're using identities of American...
  • How Not to Balance a Budget

    09/13/2008 7:14:55 AM PDT · by ricks_place · 21 replies · 186+ views
    WALL STREET JOURNAL ^ | September 13, 2008 | STAFF
    Anyone who thinks the path to "fiscal discipline" is through higher taxes ought to look at the current budget spectacles in New York and California. The two liberal states have among the highest tax burdens in the country, yet both now find themselves with huge budget deficits and are debating still higher taxes to close the gap. California has the highest state income tax rate in the country (10.3%), while New York State also has a high income tax rate (6.85%), with the combined state and city rate rising to 10.5% in New York City. Their overall government spending totals...
  • Their Fair Share (Do the Rich Pay Their Fair Share?)

    07/21/2008 5:12:16 AM PDT · by shrinkermd · 66 replies · 326+ views
    Wall Street Journal ^ | 21 July 2008 | Unsigned Editorial
    ...The nearby chart shows that the top 1% of taxpayers, those who earn above $388,806, paid 40% of all income taxes in 2006, the highest share in at least 40 years. The top 10% in income, those earning more than $108,904, paid 71%. Barack Obama says he's going to cut taxes for those at the bottom, but that's also going to be a challenge because Americans with an income below the median paid a record low 2.9% of all income taxes, while the top 50% paid 97.1%. Perhaps he thinks half the country should pay all the taxes to support...
  • Rev. Al's prominence grows despite overdue taxes, other baggage

    06/20/2008 8:18:47 PM PDT · by Coleus · 19 replies · 98+ views
    ny daily news ^ | 05.09.08
    Big corporations give him money. Presidential candidates seek his endorsement. He has influential friends in Congress and the governor's mansion.  The Rev. Al Sharpton has emerged over the past decade as perhaps the nation's most prominent civil rights leader, a status that was demonstrated again this week when he led protests against police brutality that briefly shut down six of Manhattan's major bridges and tunnels.   But he still carries baggage from his early days as a fire-breathing agitator: Government records obtained by The Associated Press indicate that Sharpton and his business entities owe nearly $1.5 million in overdue taxes...
  • Government cuts income taxes

    05/13/2008 11:12:38 AM PDT · by george76 · 2 replies · 20+ views
    Reuters ^ | 5-13-2008 | Sumeet Desai and David Clarke
    The embattled government trimmed income taxes for 22 million people on Tuesday, as soaring food and fuel bills sent inflation rocketing and dented hopes for more interest rate cuts soon. Higher household bills are creating a headache for increasingly unpopular Prime Minister Gordon Brown and the tax handout came after Labour came third in this month's local elections -- its worst post-war performance on record. "This family tax cut provides support this year for those on middle incomes at a time where they face increased bills," Chancellor Alistair Darling told parliament as he unveiled the surprise tax cuts. Ordinary tax...
  • Why Do We Need You, Government Man?

    05/10/2008 4:31:44 PM PDT · by jturtel · 16 replies · 109+ views
    www.mykidsdeservebetter.com/tws ^ | Dec. 13, 2006 | Joel Turtel
    Why Do We Need You, Government Man? "You must pay Social Security," said the government man. "Why?" I replied. "I can walk to the bank and save my own money or get an annuity with an insurance company. I don't need you to steal money from my pay check every week, then hope I live to 67 to get some of my hard-earned money back." "You must use our Post Office." "Why?," I said, "UPS, DHL, and Fed Ex give me better service." "You must support Medicare." "Why?" I replied, "I can pay for my own health insurance that lets...
  • Focus on the enemy: The Federal Income Tax

    03/05/2008 8:45:07 PM PST · by FairTaxWarrior · 38 replies · 308+ views
    5Mar08 | FairTaxWarrior
    These are my top-10 beefs with the Federal Income Tax. This is the enemy. We should first focus on particulars of why it is bad rather than battle among ourselves about suggested alternatives. Please keep to the subject and tell me if you somehow think I am unfairly disparaging the Income Tax. 1: It allows over 1/3 of all Americans to escape paying Federal taxes altogether, either because they don’t report earned income correctly or they hire tax accountants to help them jump through tax loopholes. And who pays an average of 30% higher taxes because of all this tax...
  • Heavenly Tax Havens

    02/26/2008 3:57:18 PM PST · by Tolerance Sucks Rocks · 80 replies · 534+ views
    Cato Institute ^ | February 26, 2008 | Daniel J. Mitchell
    The German government's purchase of data stolen from a Liechtenstein bank has reinvigorated longstanding debates about privacy, law enforcement and international relations. Much of the fallout has followed predictable patterns. Some argue that Germany's richest citizens should be brought to justice for failing to comply with the tax laws, while others point out that it is unseemly for a nation to spy on a peaceful neighbor. The conflict between Germany and Liechtenstein also has triggered a broader debate about tax competition and the role of so-called tax havens. The Paris-based Organization for Economic Cooperation and Development is trying to use...
  • The Income Tax: Root of all Evil

    01/08/2008 1:14:37 PM PST · by RWB Patriot · 19 replies · 70+ views
    Ludwig Von Mises Institute ^ | Online version: 2002, Original version: 1954 | Frank Chodorov
    To the Memory of ALBERT J. NOCK Foreword THIS WAS, to be sure, "the home of the free and the land of the brave." Americans were free simply because the government was too weak to intervene in the private affairs of the people-it did not have the money to do so-and they were brave because a free people is always venturesome. The obligation of freedom is a willingness to stand on your own feet. The early American wanted it that way. He was wary of government, especially one that was out of his reach. He had just rid himself of...
  • Congress races deadline to fix AMT (tax hits NJ the hardest)

    12/09/2007 8:26:39 PM PST · by Coleus · 12 replies · 173+ views
    northjersey.com ^ | December 2, 2007 | HERB JACKSON
    Chart: Percentage of taxpayers paying the alternative minimum tax, by townA federal tax originally designed to prevent the super-rich from avoiding taxes altogether continues to dun more and more of North Jersey, including thousands of families earning less than $100,000.  The latest data from the Internal Revenue Service shows a dramatic increase in the number of North Jersey families required to pay the alternative minimum tax, which produces higher bills than the regular income tax.  New Jersey is home to the highest percentage of AMT payers in the nation.There is general agreement in Congress that the AMT is growing...
  • State property tax middle of pack

    12/07/2007 1:50:02 PM PST · by george76 · 2 replies · 125+ views
    The Billings Gazette ^ | December 07, 2007 | MIKE DENNISON
    Montana still relies more heavily than do other states on property taxes for revenue, but the actual tax levels are not abnormally high... Doug Young, professor of economics at MSU-Bozeman, also told a meeting of Montana business and political officials that residential and commercial real estate is shouldering a greater share of the property tax burden in the state. Young spoke in Helena at the annual meeting of the Montana Taxpayers Association, a group that primarily represents business taxpayers. Property taxes account for 37 percent of tax revenue in Montana, while the national average for states is 31 percent... Income,...
  • Fred Thompson Plan for Tax Relief and New Economic Growth

    11/25/2007 9:09:27 AM PST · by GOPGuide · 72 replies · 142+ views
    Fred 08 ^ | 11/25/07 | Fred Thompson
    In today's competitive global economy, a fair, simple, and pro-growth tax system is essential for America's success. America must be the best place in the world to invest and create high-paying jobs. Fred Thompson's Plan for Tax Relief and Economic Growth promotes fairness and simplicity in the tax code and will create greater growth in the economy. It is based on a fundamental assumption that keeping tax rates low increases economic growth and enhances American competitiveness in the global economy. Increased economic growth will lead to higher wages and higher levels of employment in America. Equally important, lower taxes enhance...
  • TxDOT report calls for tolling interstates

    09/04/2007 6:16:35 PM PDT · by Tolerance Sucks Rocks · 25 replies · 601+ views
    Land Line Magazine ^ | September 4, 2007 | David Tanner
    A report left out of the public spotlight for more than six months reveals that officials at the Texas Department of Transportation want to toll interstate highways and shelter private investors from paying income taxes on toll revenue. On Feb. 28, Texas transportation officials submitted the report to the 110th Congress entitled “Forward Momentum.” The report did not attract much attention at the time. State lawmakers have only recently begun to speak out about it. Texas state Sen. John Carona, R-Dallas, called the recommendations a form of double taxation, according to The Associated Press. In the report, TxDOT urges federal...
  • Are the Rich Really Getting Richer?

    04/20/2007 10:36:04 AM PDT · by Wuli · 8 replies · 668+ views
    CATO Institute ^ | January 8, 2007 | Alan Richards
    "There are frequent complaints that U.S. income inequality has increased in recent decades. Estimates of rising inequality that are widely cited in the media are often based on federal income tax return data. ..............." -------------- "However, there have been large changes in U.S. tax rules over time that have made a dramatic difference on what is reported as income on individual tax returns. .........." ---------------- "Measurements of inequality have also been affected by large reductions in income tax rates, particularly in 1986..........." ---------------- "In sum, studies based on tax return data provide highly misleading comparisons of changes to the U.S....
  • Over Half of Americans On the Government Dole

    04/15/2007 9:23:59 PM PDT · by 2ndDivisionVet · 68 replies · 3,303+ views
    NewsMax ^ | April 16, 2007
    Maybe the era of big government isn't over, after all. As Americans finish their annual tax-filing flurry to meet a Tuesday deadline, it is true that tax rates are lower than they were a few years ago. But according to a different yardstick, the federal government's reach is expanding. Slightly over half of all Americans – 52.6 percent – now receive significant income from government programs, according to an analysis by Gary Shilling, an economist in Springfield, N.J. That's up from 49.4 percent in 2000 and far above the 28.3 percent of Americans in 1950. If the trend continues, the...
  • Jersey must weigh the tax tradeoffs

    10/26/2006 6:10:39 PM PDT · by Coleus · 38 replies · 1,020+ views
    Star Ledger ^ | 10.15.06
    For years, Trenton lawmakers knew property taxes were suffocating homeowners. They watched school boards and municipal councils approve spending that piled one 6.5 percent property tax increase on top of another, year after year. They bemoaned the highest-in-the-nation tax bills. But they never did anything. For them, decrying confiscatory taxes was a safer political choice than actually doing something. They realized that lowering property taxes, seemingly a good thing, would trig ger consequences -- most of them unappealing. Simply put, reducing reli ance on property taxes as the major funding source for schools and local government can be achieved only...
  • Liberal Idealist Gives Fair Tax Big Thumbs Up

    07/31/2006 3:50:50 PM PDT · by pigdog · 135 replies · 1,364+ views
    The Tampa Tribune ^ | July 27, 2006 | By TOM JACKSON
    Ron Deval - boomer, ecologist, humanist, peacenik, political agnostic and unapologetically Canadian - has a surprise for fans of all causes liberal. Reliably left on most issues, Deval is nonetheless passionate about a tax revolution whose growing army is populated largely by conservatives and libertarians. Describing himself as an "advocate of things that favor humanity," Deval is, in short, a Fair Tax maniac. Encouragingly, the Land O' Lakes man is not just another guy with an opinion and a couple of Web sites. He can navigate a spread sheet. After about 20 years designing programs that helped wealthy clients of...
  • Buffett the Benefactor ( Avoids Death Taxes )

    06/26/2006 3:53:23 PM PDT · by george76 · 227 replies · 3,214+ views
    The New York Sun ^ | Jun 26, 2006 | Editorial & Opinion
    Mr.Buffett. As an avowed supporter of the estate tax, Mr. Buffett could have let the government take its share of his estate after he dies. But just as Mr. Buffett has accumulated his vast wealth without paying much personal income tax, he has found a way to avoid the tax man in this maneuver as well, even writing in his letter to Bill and Melinda Gates that a condition of the gift is that the foundation “must continue to satisfy legal requirements qualifying my gifts as charitable and not subject to gift or other taxes.” On the estate tax, watch...
  • Housing slowdown deepens in Mass.

    04/26/2006 10:32:45 AM PDT · by george76 · 64 replies · 1,893+ views
    Boston Globe ^ | April 26, 2006 | Kimberly Blanton
    Single-family home sales and prices in Massachusetts fell 1.5 percent in March, capping a first quarter in which sales slowed dramatically from the previous year... ''Inventory is at record highs, so buyers are taking their time," said David Wluka, president of the Massachusetts Association of Realtors. ''They can pick among several houses so they don't feel the pressure." The slowdown in Massachusetts' housing market ran counter to a surprising pick-up in March in nationwide sales of homes, condominiums, and townhouses. Analysts had predicted that strong February sales... The housing market in Massachusetts ''simply isn't as strong as it is in...
  • Hawaii residents paid highest taxes in the nation in 2004

    02/08/2006 6:19:46 PM PST · by george76 · 31 replies · 916+ views
    Associated Press ^ | February 8, 2006 | Associated Press
    Hawaii residents paid more state taxes in 2004 than residents of any other state in the country... Hawaii residents paid an average of $3,050 per person in 2004, while Texans paid the least — an average of $1,368. Every state but one collected more taxes per person in 2004 than it did a decade earlier... State taxpayer burdens increased by an average of 41 percent from 1994 to 2004. Only Alaska saw the amount it collects per person decline. Even when the numbers are adjusted for inflation, the individual tax burdens increased in 43 states. Rising education and Medicaid costs...
  • The best and worst states for taxes

    01/07/2006 11:11:08 AM PST · by wouldntbprudent · 210 replies · 6,451+ views
    msn.com ^ | Jan 6, 2006 | Rick VanderKnyff
    Where you live can have a big impact on how much you pay in taxes each year. The spread, according to numbers crunched by the nonprofit Tax Foundation, might not be enough to make you pull up stakes and move to a new state, but it can give you a case of tax envy. The state and local burden ranges from 6.4% (Alaska) to 13% (Maine).
  • New Hampshire Underground: 2005 Year in Review

    01/02/2006 10:38:53 AM PST · by bookish_lass · 7 replies · 676+ views
    NHUnderground ^ | Kat Dilon
    (Read this article in the original for links to all the events, etc. http://tinyurl.com/8xuvu ) 2005 Year in Review What happened on the Underground (NHFree.com) during the last year By Kat Dillon The New Hampshire Underground is a loose organization of freedom fighters composed mainly of Free State Project (http://freestateproject.org) members who have already made the move to NH. There, these members worked with native New Hampshirites with the encouragement of Freestaters still waiting to make the big move to NH. It is difficult to describe the incredible synergy from amassing so many liberty lovers in one area. The individuals...
  • Food Tax Sends Tenn. Shoppers Out of State

    12/26/2005 8:33:29 AM PST · by george76 · 31 replies · 1,300+ views
    Associated Press ^ | Dec 26 | BILL POOVEY
    When Julie Abel goes grocery shopping each week, she drives more than 25 miles to Georgia to avoid paying the nation's highest average tax on food: 8.4 percent in Tennessee. "If you can save $5 it is worth driving down the road," Abel said after traveling from her rural home in Hamilton County, which collects 2.22 percent sales tax on food on top of the 6 percent for the state. Georgia does not tax food sales. Abel is not alone in her frustration. Rep. Michael Kernell, D-Memphis, said he regularly hears complaints about the state's almost 60-year-old food tax and...
  • Successful Democratic Blogger Can't Afford Blue State

    12/25/2005 8:26:32 AM PST · by george76 · 18 replies · 750+ views
    News alert ^ | December 24, 2005 | Steve Bartin
    Markos Moulitsas Zúniga the man that runs the most successful political blog in America can't afford the Blue state of California: "So I'm getting a little frustrated with the Bay Area real estate market, and for the first time in years I'm casting about the rest of the nation to see if there's anywhere else where I could possibly live." How ironic,a guy who supports a party that promotes Fannie Mae,Freddie Mac,land-use restrictions,zoning,open space laws,and unions is unable to buy a house in the very Blue area of Northern California. All this from a guy who's got a law degree......
  • CA: San Francisco Attorney Sentenced for Failing to Pay Federal Income Taxes ... (Tony Serra)

    07/29/2005 3:25:22 PM PDT · by NormsRevenge · 12 replies · 518+ views
    US Newswire on Yahoo ^ | 7/29/05 | US Newswire
    WASHINGTON, July 29 /U.S. Newswire/ -- The Justice Department and Internal Revenue Service (IRS) announced today that U.S. Magistrate Judge Joseph C. Spero, sentenced J. Tony Serra to ten months' imprisonment, at the federal courthouse in San Francisco, California. On April 5, 2005, Serra pled guilty to two counts of willful failure to pay federal income taxes (26 U.S.C. § 7203). "Honest taxpayers deserve to know that people who commit tax crimes are likely to face federal criminal prosecution and imprisonment and still will have to pay taxes, interest, and penalties," said Assistant Attorney General Eileen J. O'Connor, for the...
  • Presidential Panel Hears About Tax System

    05/12/2005 12:25:08 AM PDT · by FairOpinion · 388 replies · 2,721+ views
    AP/Yahoo News ^ | May 11, 2005 | MARY DALRYMPLE
    WASHINGTON - A presidential commission looking into how to make income taxes fairer and simpler heard pitches Wednesday from experts with ideas about revamping or replacing the current system. ADVERTISEMENT The commission examined plans to base taxes on spending rather than income, which could mean a national sales tax or a European-style value-added tax. As for transforming the income tax, the commission heard proposals for comprehensive change and minor tinkering. "Not one person who we encountered as we traveled the country told us that our current tax system was good for America and that we should leave it alone," said...
  • Mike Rosen: Lowdown on high taxes

    04/26/2005 2:00:09 AM PDT · by ajolympian2004 · 8 replies · 746+ views
    Rocky Mountain News column ^ | April 22nd, 2005 | Mike Rosen
    With April 15 having just passed, the scars are still fresh. I hope you're not one who rejoiced over your tax refund as if the feds were presenting you with some kind of gift. Generally, if you're getting a refund check it's only because excessive taxes were withheld from your paychecks all year. What you'll be getting back is your own money, the return of principal on the interest-free loan you were kind enough to extend to the U.S. Treasury in 2004. Molly Ivins, the folksy, sassy socialist from Texas (by way of The New York Times, where she once...
  • Income Redistribution Day 2005

    04/15/2005 10:14:40 PM PDT · by FairOpinion · 22 replies · 1,026+ views
    Townhall.com ^ | April 15, 2005 | Mark Alexander
    The deadline for filing income taxes may be April 15th, but the average taxpayer will not earn enough cumulative gross income to pay for federal, state and local government spending and regulation until sometime in July. In fact, the cost of spending and regulation now exceeds $24,000 per person per year. The total combined public and intergovernmental (so-called "trust-fund") debt is approaching $7.8 trillion. Not content to rest on their laurels, the FY 2006 House and Senate budgets will rack up an additional $365 billion in debt. On top of the current '05 budget's bloated social and discretionary spending, there...
  • Taxpayer Work Amounts to 6.6 Billion Hours

    04/14/2005 9:06:57 PM PDT · by FairOpinion · 40 replies · 657+ views
    AP/Yahoo News ^ | April 14, 2005 | MARY DALRYMPLE
    WASHINGTON - People scurrying to meet Friday's tax deadline might consider this: It's taking you and your fellow Americans 6.6 billion hours to do all that paperwork. The basic tax return — the Form 1040 filed by most people every year — accounts for 1.6 billion hours. The Internal Revenue Service furnished those statistics to the White House budget office, which keeps tabs on the government's bureaucratic demands. The budget office notes that tax work "towers over the entire paperwork burden for the rest of the federal government" and accounts for some 80 percent. "If anything, those numbers are probably...
  • IRS Announces 2005 'Dirty Dozen' Tax Schemes. Taxpayers Warned Not To Fall For False Promises

    02/28/2005 9:58:38 PM PST · by FairOpinion · 57 replies · 1,142+ views
    Denver 7 ABC News ^ | Feb. 28, 2005 | Denver ABC News
    The Internal Revenue Service unveiled its annual listing of tax scams Monday that it labeled the "Dirty Dozen." The 2004 list includes several new tricks that either manipulate laws governing charitable groups, abuse credit counseling services, or rely on refuted arguments to claim tax exemptions, according to the IRS. "The Dirty Dozen is a reminder that tax scams can take many forms," said Mark W. Everson, IRS commissioner. "Don't be fooled by false promises peddled by scam artists. They'll take your money and leave you with a hefty tax bill."
  • FairTax.Org HR25

    02/13/2005 10:41:05 AM PST · by nsmart · 650 replies · 3,674+ views
    WWW.FAIRTAX.ORG ^ | Last Week | Thomas Leser
    The FairTax is the non-partisan national sales tax proposal that would replace all federal income taxes. These include personal, estate, gift, self-employment, alternative minimum, capital gains, FICA, and corporate and death taxes.
  • Tax relief? Try hoax

    08/01/2004 8:39:50 AM PDT · by buzzyboop · 4 replies · 435+ views
    Pittsburgh Tribune-Review ^ | July 30, 2004 | Brad Bumsted
    Don't spend that $330 annual savings in property taxes you're supposed to get by 2006. That's the $330 average property tax reduction per household promised from legislation legalizing slot machines and from adding 0.1 percent to the local wage tax. It was pushed by Gov. Ed Rendell and backed by a majority of state lawmakers on July 4. The wage tax would take effect the year property tax relief is provided. If your family income is $100,000, you'll pay $100 more in the wage tax. That should be deducted from the $330 for a net savings of $230. Then wait....
  • 73 percent of all federal income taxes needed to fund Medicare and Social Security entitlements

    07/23/2004 2:33:35 PM PDT · by mft112345 · 66 replies · 2,663+ views
    A 72-trillion-pound elephant is in the room and we have a patriotic duty to acknowledge him before he devours our economy, crushes the quality of our health care and destroys our retirement security. According to the 2004 Social Security Trustees report the unfunded long-term obligations of Social Security and Medicare amount to $72 trillion. The total bill for current and future taxpayers breaks down as follows: $21.8 trillion from Medicare Part A; 23.2 trillion from Medicare Part B; $16.6 trillion from the new Medicare prescription drug benefit; and $10.4 trillion from Social Security. It's highly unlikely that either party will...
  • The End of Income Taxes

    05/21/2004 4:40:21 AM PDT · by Remember_Salamis · 16 replies · 163+ views
    LoneStar Foundation ^ | May 2003 | David A. Hartman
    The End of Income Taxes by David A. Hartman The tax cuts proposed by President George W. Bush take significant steps toward the reform of a federal tax code that retards growth of the capital stock, productivity, and incomes of all Americans. His plan to eliminate the death tax, increase expensing of investment for small businesses, end double taxation of dividend income, expand “returns exempt” taxation of IRA savings, and lower progressive rates on individual incomes are all welcome contributions toward a more efficient tax code. Yet even if it is enacted, the President’s proposal will likely add more obstacles...
  • Bishop: Gov. McGreevey cannot receive communion

    04/30/2004 7:52:41 AM PDT · by kattracks · 90 replies · 3,640+ views
    AP | 4/30/04
    CAMDEN, N.J. (AP) — The incoming leader of the Roman Catholic Diocese of Camden has decided that Gov. James E. McGreevey cannot receive communion. The Most Rev. Joseph Galante said Thursday that he was taking the stance primarily because the divorced governor, who is Catholic, remarried without receiving a church annulment. He also cited McGreevey's support of abortion rights, stem-cell research and other positions which contradict church views. Galante, who was to be installed Friday during a Mass at St. Agnes Church in Blackwood, said he felt duty bound to take a hard line stance on the issue. He said...
  • Wasted Hours [IBD Editorial on income tax complexity]

    04/16/2004 4:34:17 AM PDT · by snopercod · 1 replies · 95+ views
    Investor's Business Daily ^ | April 16, 2004 | anonymous
    Washington: Feeling particularly worn down after tax day? Maybe it's because this year it took longer than ever before to complete an average return. The federal government estimates that it took taxpayers 28 hours and 30 minutes to grind through the trial of completing 2003 returns with itemized deductions and income from interest, dividends and capital gains. That's 42 minutes longer than it took last year and nearly a half day longer than the 17 hours and seven minutes it took in 1988, when the government first began to track this dismal ordeal. Blame the growing agony on the complexity...
  • IRS KNOWS TAXES ARE TOUGH

    04/07/2004 5:10:24 AM PDT · by JesseHousman · 41 replies · 301+ views
    The Cincinnati Enquirer ^ | 04/07/2004 | Dan Horn
    More people than ever are using tax professionals or computer software programs to help prepare their tax returns. Convenience is one reason for the trend, but Internal Revenue Service officials say the increasing complexity of the federal tax code is what's driving most to seek help. "If the law gets too complicated," said IRS Commissioner Mark Everson, "people just throw up their hands." He said about 60 percent of all tax returns are now prepared by professionals, and many of the rest are prepared by taxpayers who use software programs to help them file over the Internet. So far this...