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Keyword: incometaxes

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  • Mark Jimenez release reset to December (Inprisonment of convicted Clinton donor extended)

    11/20/2005 11:13:01 PM PST · by HAL9000 · 12 replies · 1,599+ views
    The Manila Bulletin Online (Philippines) ^ | November 21, 2005 | JOSEPH G. LARIOSA
    CHICAGO, Illinois — The headline of another newspaper yesterday was a self-fulfilling prophesy: "No red carpet, no yellow ribbons for Mark Jimenez (MJ)." If the information of the US Bureau of Federal Prisons is to be believed, the much-anticipated return of the former Manila congressman on Tuesday, Nov. 22, will have to wait. His projected release is reset to Dec. 13, 2005. In a previous posting of Jimenez’s release by the US Bureau of Federal Prisons, his original "projected release was Nov. 5, 2005." This was exactly the day of the 20th month of his imprisonment in the Federal...
  • The Income Tax: Root of all Evil

    04/04/2016 7:08:53 AM PDT · by Taxman · 60 replies
    von Mises Institute ^ | 1954 | Frank Chodorov
    The Income Tax: Root of all Evil by Frank Chodorov 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...
  • The Poor in the US Are Richer than the Middle Class in Much of Europe

    10/18/2015 2:44:21 PM PDT · by expat_panama · 35 replies
    Mises Wire ^ | October 16, 2015 | Ryan McMaken
    In this week's debate, Bernie Sanders claimed that the United States has the highest rate of childhood poverty. CBS reports that Sanders said: "We should not be the country that has the highest rate of childhood poverty of any major country and more wealth and income inequality than any other country," As even CBS notes, according to UNICEF, which is probably the source of Sanders's factoid, the US has lower childhood poverty rates than Greece, Spain, Mexico, Latvia, and Israel, all of which are OECD countries or regarded as peer countries. The US rate (32.2 percent) is also more or...
  • High-income Americans pay most income taxes, but enough to be ‘fair’?

    10/18/2015 2:15:59 PM PDT · by expat_panama · 9 replies
    Pew Research Center ^ | March 24, 2015 | Drew DeSilver
    Americans don’t much like the federal tax system, a recent Pew Research Center report finds. But it’s not, as you might imagine, because they think they pay too much. Rather, they think people other than themselves don’t pay their fair share.Some six-in-ten Americans in the Pew Research survey said they were bothered a lot by the feeling that “some wealthy people” and “some corporations” don’t pay their fair share. Only 27% cited their own tax bills as something that bothered them a lot, even though 40% thought they paid more than their fair share given what they get from...

    08/22/2015 4:25:30 PM PDT · by Hojczyk · 67 replies
    Breitbart ^ | August 22, 2015 | IAN HANCHETT
    16 Republican presidential candidate Donald Trump declared, “I think flat tax is okay” on Friday’s broadcast of the “Matt Murphy Show” on Birmingham, AL’s WAPI. Trump said, “Who knows taxes better than me?” He continued, “You know, when they talk about fixing the tax, it’s so complicated, that people have to go and use H&R Block to do a $50,000 — a man who makes $50,000 has to spend money –.” Host Matt Murphy then cut in to ask Trump if he supports the fair tax. Trump answered, “Well, I think fair tax is okay. And I think flat tax...
  • Which Companies Paid The Most Income Tax In 2014

    04/17/2015 9:25:10 AM PDT · by SeekAndFind · 41 replies
    Zero Hedge ^ | 04/17/2015 | Tyler Durden
    Apple's market capitalization of $730 billion may now be more than double that of Exxon Mobil, but when it comes to taxes paid to the US government, it's no contest: the company with record profitability that so many progressive hipsters adore and for whose products they line up with annual regularity is billions of dollars below its "fair" contribution to the US Treasury. Ironically, it is eclipsed by that other company that so many progressives love to hate: Exxon Mobil, which paid $4 billion more in tax than Apple, yet whose valuation has been cut by 15% over the past...
  • How Many Laws Did Apple Break?

    02/09/2015 8:16:36 PM PST · by Swordmaker · 44 replies
    MondayNote ^ | February 8, 2015 | by Jean-Louis Gassée
    Apple’s most recent quarterly numbers broke all sorts of records and, as we shall see, a number of laws. Apple just released its numbers for the quarter ending last December, the first quarter of its 2015 Fiscal Year. The figures are astonishing: iPhones: Apple sold 74.5M, + 57% over last year’s same quarter. iPhone revenue was $51.2B, + 57%. That’s enough iPhones for 1% of the world population, 9.4 iPhones for every second of the past quarter. I hope to see some day a documentary movie on the supply chain heroics leading (parts manufacturing, assembly, transportation logistics) required to achieve...
  • Every for profit business started by Al Sharpton was hit for not paying taxes

    02/05/2015 7:36:38 AM PST · by SeekAndFind · 9 replies
    Hotair ^ | 02/05/2015 | Jazz Shaw
    This news was actually uncovered by National Review a few days ago, but things have been rather busy so we didn’t get around to it until now. The tax problems which Al Sharpton has run into with his National Action Network are well known and frequently documented. While the non-profit is more than a million dollars in debt to the tax man, Sharpton continues to tap it for a more than one quarter million dollar salary. But as Jillian Kay Melchior discovered with a bit more digging, Sharpton has also started up and abandoned a variety of for profit...
  • Obama to propose 'grand bargain' on corporate tax rate, infrastructure

    07/30/2013 7:23:23 AM PDT · by upchuck · 29 replies
    Roooooooters ^ | Tuesday, July 30, 2013 | Steve Holland
    President Barack Obama will propose a "grand bargain for middle-class jobs" on Tuesday that would cut the U.S. corporate tax rate and use billions in revenues generated by a business tax overhaul to fund projects aimed at creating jobs. His goal, to be outlined in a speech at an Inc facility in Chattanooga, Tennessee, is to break through congressional gridlock by trying to find a formula that satisfies both Republicans and Democrats. Efforts to reach a bipartisan "grand bargain" on deficit reduction have been at an impasse for months. Senior administration officials say Obama is not giving up on...
  • Apparently Democrats Think Avoiding Taxes Legally Is Now a Crime...

    05/22/2013 11:07:40 AM PDT · by The Looking Spoon · 19 replies
    The Looking Spoon ^ | 5-22-13 | The Looking Spoon
    Apple made business decisions that saved it billions in taxes. What was so illegal about doing such a thing? Nothing, absolutely nothing, but don't tell that to the Democrats...
  • McCain Finds Rand Paul's Defense of Apple 'Offensive'

    05/22/2013 1:38:51 AM PDT · by BarnacleCenturion · 106 replies ^ | 21 May 2013 | MIKE FLYNN
    On Tuesday, KY Sen. Rand Paul launched a spirited defense of Apple, whose tax strategies were subject to a hearing of the Senate Permanent Subcommittee on Investigations. "I frankly think the committee should apologize to Apple," Paul said. Paul went on to accuse the committee of "bullying" one of America's greatest companies, prompting Sen. John McCain to quickly defend the inquiry and say that Paul's remarks were "frankly, offensive."
  • Class Warfare Is Being Used To Divide America - And It Is Working

    05/02/2012 8:45:26 AM PDT · by SeekAndFind · 2 replies
    The Economic Collapse ^ | 05/01/2012 | Michael Snyder
    At a time when America desperately needs to come together, we are becoming more divided than ever. The mainstream media and most of our politicians love to pit us against one another in dozens of different ways, and right now class warfare has become one of their favorite tools for getting us to hate one another. If you are struggling in this economy, you are being told that "the wealthy" are the cause of your problems. If you have money, you are being told that the poor hate you and want to tax you into oblivion. Class warfare has already...
  • Apple, the tax-dodger? We certainly hope so. You should too.

    04/30/2012 1:46:10 PM PDT · by freedombiz · 12 replies
    ORANGE COUNTY REGISTER ^ | 4-30-12 | Mark Landsbaum
    The New York Times reported Apple “paid cash taxes of $3.3 billion around the world on its reported profits of $34.2 billion last year, a tax rate of 9.8%.” Further more, Apple’s federal tax bill likely would have been $2.4 billion higher last year without these moves, says the Times. The fact remains Apple paid less tax than it would have otherwise had it not moved operations to low- or no-tax jurisdictions. Good for Apple. Wouldn’t it be wonderful if we all had the same flexibility?
  • New York no longer worst state to do business

    04/16/2014 11:44:32 AM PDT · by george76 · 16 replies
    Crain Communications ^ | April 15, 2014 | Jeremy Smerd
    That honor now goes to New Jersey. Tax reforms passed in the latest budget represent big improvements for corporations, but not so much for individuals. ... Still, New York remains a burdensome place to earn a living. The reforms did not change the state's poor rankings for having high sales taxes (No. 38), individual income taxes (No. 49) and unemployment taxes (No. 45). Meanwhile, the governor announced Tuesday that the state tax department collected nearly $4 billion in evaded taxes in the past year, a 5% or $200 million increase compared to the year earlier.The state collects about $87 billion...
  • Tax Day

    04/08/2014 9:15:53 AM PDT · by Rational Voter · 3 replies
    Citizen Primer ^ | 04/08/2014 | Citizen Primer
  • Policies That Discourage Full-Time Work

    01/10/2014 9:28:36 AM PST · by reaganaut1 · 2 replies
    New York Times ^ | January 8, 2014 | Casey Mulligan
    The payroll tax holiday was an important factor helping the workweek recover after the recession, but the holiday is over and new public policies are pushing in the other direction. Full-time positions pay more than part-time positions, even on an hourly basis. Part-time positions require less time away from family, schooling, etc., which makes the choice of full-time versus part-time work a trade-off between income received and the amount of the time commitment. A higher income tax or payroll tax rate tilts the balance toward part-time work because it reduces an important benefit of full-time work: extra income to spend....
  • Federal Income Tax Rates for the Year 2013 (Merry Christmas, right)

    12/17/2013 12:34:54 AM PST · by Sequoyah101 · 35 replies
    Vanity | 12/16/13 | Self
    You can check this for yourself. Search "top tax rate 2013" read and think just a little. It is just numbers and that seems to make the eyes of most people glaze over. Heck, a huge number don't even pay taxes. Welcome to the USSA. This is hope and change obastard style. This is sharing the pie. This is more fat cat politicians controlling you, more government employees, more TSA, more homeland security, more navigators, more food stamps, section 8 housing, and LESS FREEDOM and LESS HOPE. The new top tax rate will be a whopping 47.2% 39.6% (top marginal...
  • North Carolina picks prosperity through pro-growth tax reform

    06/20/2013 8:41:39 AM PDT · by ThethoughtsofGreg · 3 replies
    American Legislator ^ | 6-20-13 | William Freeland
    Both houses of the North Carolina legislature are currently considering competing bills that lower taxes by $1 billion or more over the next five years, move the state to a pro-growth flat rate income tax system, and slash tax rates on businesses and North Carolina families. Both proposals have incredible potential to supercharge economic growth in North Carolina, leading to higher job creation and higher income growth across the income spectrum. ALEC’s Rich States, Poor States Economic Outlook Index measures a state’s future growth prospects given the state’s current public policy environment. The 6th Edition of Rich States, Poor States...
  • Weiner’s Wife Didn’t Disclose Consulting Work She Did While Serving in State Dept.

    05/16/2013 9:49:00 PM PDT · by Second Amendment First · 9 replies
    NY Times ^ | May 16, 2013 | RAYMOND HERNANDEZ
    The State Department, under Secretary Hillary Rodham Clinton, created an arrangement for her longtime aide and confidante Huma Abedin to work for private clients as a consultant while serving as a top adviser in the department. Connect with NYTMetro Follow us on Twitter and like us on Facebook for news and conversation. Ms. Abedin did not disclose the arrangement — or how much income she earned — on her financial report. It requires officials to make public any significant sources of income. The disclosure of the agreement that Ms. Abedin made with the State Department comes as her husband, former...
  • Reuters: Louisiana Governor Jindal's popularity slumps after bold tax plan

    04/07/2013 7:27:45 AM PDT · by SeekAndFind · 30 replies
    Reuters ^ | 04/06/2013 | Stephanie Grace
    (Reuters) - Louisiana Governor Bobby Jindal, one of the nation's most prominent Republicans and a possible 2016 presidential candidate, has fallen out of favor with local voters, and his bold plan to scrap the state income tax is running into trouble. Jindal was re-elected to a second term with two-thirds of the vote in 2011. But his Louisiana approval rating was down to 38 percent in a recent poll, worse than Democratic President Barack Obama in one of the most conservative states. The poll suggested voters think he is spending more time traveling outside the state and burnishing his credentials...
  • IRS Checking Out Your Facebook and Twitter to Help Keep You Honest

    04/06/2013 9:38:07 AM PDT · by DogByte6RER · 20 replies ^ | April 3, 2013 | Jesse Knutson
    IRS checking out your Facebook and Twitter to help keep you honest You have less than two weeks to file your taxes and your Facebook or Twitter accounts could end up getting you in big trouble with the IRS. They're looking for tax cheaters. The IRS has been known to check car records, employment documents and other public records. Now, your social media page is on that list too. “I think that’s a little bit ridiculous,” replied one person we talked to. Some of the people we talked to were surprised. “I think it’s still an invasion of privacy,” commented...
  • Mickelson Expects to Make 'Drastic' Changes (Higher Taxes Make Pro-Golfer Reassess Future Plans)

    01/21/2013 11:57:29 AM PST · by DogByte6RER · 30 replies
    San Diego U-T ^ | Jan. 20, 2013 | Tod Leonard5
    Mickelson expects to make 'drastic' changes LA QUINTA — San Diego professional golfer Phil Mickelson said after the final round of the PGA Tour’s Humana Challenge on Sunday that he will have to make “drastic changes” in his life because of the federal and state taxes he is paying, and he confirmed that his decision to not buy an interest in the Padres was directly related to his financial situation. "I'll probably talk more in depth next week (at the Farmers Insurance Open at Torrey Pines). I'm not going to jump the gun,” Mickelson said. “There are going to be...
  • Did Barack Obama Underreport His Income to IRS? [According to public records - yes, he did!]

    08/08/2012 4:48:22 PM PDT · by grundle · 20 replies
    American Thinker ^ | July 24, 2012 | Douglas A. Thompson
    President Barack Obama released his recent personal finance records in 2008, which included his 2004 U.S. Individual Income Tax Return and Senate Annual Finance Report. President Obama's records for 2004 do not reconcile with the State of Illinois Comptroller's Office. There are inconsistencies in the total compensation received as an Illinois State Senator. The largest error likely is President Obama's omission of a "Leadership Stipend" of over $8,000. This stipend should have been recorded as income. According to the Illinois Comptroller's office, then-State Senator Obama received: 2004 State of IL compensation: $ 52,817.38 (salary) $ 8,040.01 (leadership stipend) Stipends of...
  • House to vote on bill terminating federal workers who don't pay their taxes (100K owe $1 billion)

    07/31/2012 2:45:23 AM PDT · by Libloather · 21 replies
    The Hill ^ | 7/30/12 | Pete Kasperowicz, Bernie Becker
    House to vote on bill terminating federal workers who don't pay their taxesBy Pete Kasperowicz and Bernie Becker - 07/30/12 09:27 AM ET The House will vote on legislation as early as Tuesday that would require the federal government to terminate workers with "seriously delinquent" tax debts. The bill, which also would prohibit the government from hiring people who are late on their tax payments, tries to deal with the roughly 100,000 federal workers who are usually behind on their taxes each year. Rep. Jason Chaffetz (R-Utah), the bill’s sponsor, has cited IRS data indicating that these workers owed a...
  • Investigating the IRS: Why it gives billions to illegal immigrants (Tax loophole cost billions)

    05/07/2012 2:02:08 PM PDT · by DogByte6RER · 11 replies ^ | April 26, 2012 |
    Investigating the IRS: Why it gives billions to illegal immigrants INDIANAPOLIS - Why are many illegal immigrants getting a bigger tax refund than you? Blame it on the IRS and a massive tax loophole that's now being exposed by Eyewitness News. 13 Investigates has found the IRS is giving away your tax dollars to illegal workers and people who don't even live in the United States - and the problem is costing billions! We want you to see exactly where your money is going and why the IRS is allowing it to happen. From the homes of illegal workers in...
  • (LMAO ... Cindy Sheehan vs. the I.R.S) Peace has a day in Court

    04/26/2012 9:54:03 PM PDT · by DogByte6RER · 17 replies
    Cindy Sheehan's Soapbox ^ | Saturday, April 21, 2012 | Cindy Sheehan
    Peace has a day in Court For those of you who know me and have been following my story, you know that part of my resistance to the US Empire is my refusal to pay income taxes. This morning (April 19th), a new episode unfolded in my ongoing struggle with the IRS and the Empire the agency is nestled in. I was subpoenaed to appear in the 9th Circuit court of the US Federal Court system in Sacramento, California—my state’s capitol. For background, I have had two meetings with the IRS agent assigned to my case where I expressed to...

    04/16/2012 3:06:09 PM PDT · by SaveOurRepublicFromTyranny
    THE FREEDOM POST ^ | April 16, 2012
    Tax Freedom Day® 2012 arrives on April 17 this year, four days later than last year due to higher federal income and corporate tax collections. That means Americans will work 107 days into the year, from January 1 to April 17, to earn enough money to pay this year’s combined 29.2% federal, state, and local tax bill...
  • Some tax facts as that taxing time approaches…

    04/13/2012 1:52:28 PM PDT · by Mark Landsbaum · 3 replies
    Never on Sunday, apparently. So this year your income tax is due next Tuesday, April 17. Even if you pay none. And in fact, 41 percent of those filing last year, 2010, didn’t pay a dime in tax. But the government sent a good number of them checks for $105 billion...
  • Jobs Go Where Taxes are Low

    01/05/2012 4:54:59 AM PST · by usalady · 7 replies
    Examiner ^ | January 5, 2012 | Martha R Gore
    It is no secret that business and jobs are flowing to Texas from California but that is not the only state that is benefiting with new jobs as a response to higher taxes in once was called the Golden State.
  • Wouldn't it be nice if April 15th was just another beautiful Spring Day?

    04/15/2011 7:36:07 AM PDT · by Comrade Brother Abu Bubba · 14 replies
    Vanity | April 15, 2011 | Comrade Brother Abu Bubba
    The economics of our federal income tax has been under assault by some of our best economists and tax men. The general conclusion seems to be that this tax acts as a drag on the economy, slowing economic growth, producing chronic commodity inflation, discouraging savings and enterprise, and putting America at some disadvantage in world trade with those nations, especially the miracle economies, who have moderate, simpler tax systems--systems that encourage and promote capitalism. Any Income Tax is intrinsically wrong – that is, the very concept of a tax on income is wrong. A tax that is arbitrary, like our...
  • Taxation and International Migration of Superstars: Evidence from the European Football Market

    03/25/2011 6:47:52 AM PDT · by reaganaut1 · 4 replies
    National Bureau of Economic Research ^ | March 2011 | Henrik Kleven, Camille Landais, Emmanuel Saez
    A new NBER study of 14 European nations finds that football players tend to locate in countries that have comparatively low income tax rates. This response to tax rates is especially pronounced for the most able and well-paid athletes, and is actually negative for the least able and lowest paid among the professionals. Often, national tax breaks designed to lure top-notch foreign players displace the domestic players in a league. In Taxation and International Migration of Superstars: Evidence from the European Football Market (NBER Working Paper No. 16545), authors Henrik Kleven, Camille Landais, and Emmanuel Saez construct two models of...
  • Moment of Clarity: Madison Wild Wings

    03/04/2011 4:08:53 PM PST · by afraidfortherepublic · 13 replies
    Moment of Clarity ^ | 2-28-11 | Tim Nerenz
    In a response to my piece entitled, “Taxeaters”, a reader who favored progressive income taxation posed this question back to me: why shouldn’t the top 50% of income earners pay 96% of the taxes? My answer: for the same reason that they shouldn’t have to pick up 96% of the state’s collective bar tab. All knowledge builds upon what you know. That evening, I pondered his question some more and was inspired while enjoying a pub meal that Michelle Obama would ban if she could. And here is the problem with progressive income tax theory played out a fictional place...
  • Malloy to propose income and sales tax hikes, fewer exemptions

    02/15/2011 8:54:34 AM PST · by YankeeReb · 8 replies
    The CT Mirror ^ | 2/14/2011 | Keith M. Phaneuf and Mark Pazniokas
    Gov. Dannel P. Malloy intends to propose one of the largest tax increases in state history Wednesday, seeking $1.5 billion in new annual revenue from income tax hikes on the wealthy and middle classes, and new sales taxes on clothing and other long-exempt products and services. In a plan outlined Monday to The Mirror by his senior staff, Malloy also would extend the corporate tax surcharge for another two years and restrict tax credits for the motion picture industry, while modestly increasing incentives for research and development. The sales tax rate would change for the first time in 20 years,...
  • Who Me…Raise Taxes? UPDATE: Video Added

    02/09/2011 5:39:29 AM PST · by Biggirl · 8 replies ^ | February 9, 2011 | SoundOffSister
    During the course of his pre-Super Bowl interview with Bill O’Reilly, President Obama said “I didn’t raise taxes once”. I guess he forgot. This year a new additional $2.7 billion a year tax was imposed on drug companies under Obamacare. Doesn’t affect me, you say? Of course it does. Drug companies, unlike the federal government, can’t print money, so this tax is being paid by you in the form of higher drug prices. Personally, I’ve already noticed the increase.
  • Nancy Pelosi clashes with Charles Rangel over pending censure

    12/02/2010 1:36:58 PM PST · by Justaham · 69 replies ^ | 12-2-10 | JOHN BRESNAHAN & JONATHAN ALLEN
    With a censure vote looming this afternoon, Rep. Charlie Rangel clashed with Speaker Nancy Pelosi (Calif.) in a closed-door meeting this morning, as the New York Democrat and his supporters demanded the right to seek a lesser punishment for a series of ethics violations. Reps. Zoe Lofgren (D-Calif.) and Jo Bonner (R-Ala.) came to the floor shortly after 4 p.m. Thursday afternoon to offer the censure resolution against Rangel, who was found guilty of 11 ethics violations related to his personal finances. Lofgren and Bonner are taking one hour of floor time for the resolution, half of which will be...
  • What do you predict will happen to income taxes in 2011?

    10/19/2010 7:51:07 AM PDT · by reaganaut1 · 17 replies
    I predict that in the lame duck session, Congress will extend all of the Bush tax cuts, except that the $250K threshold of "rich" households facing higher taxes will be raised to $1 million as a compromise (there have been rumors of this) to have him save face and avoid vetoing an extension. I don't think the Republicans will allow the tax rates rise for everyone over $250K (but with the Maine twins etc. you never know), and I would be mildly surprised if Obama vetoed a bill raising taxes only on incomes above $1 million and thus caused everyone...
  • Delays to Tax Tables May Dent Paychecks (higher witholding for everyone in 2011)

    10/07/2010 7:19:16 AM PDT · by reaganaut1 · 32 replies · 2+ views
    Wall Street Journal ^ | October 7, 2010 | LAURA SAUNDERS
    Lack of congressional action on 2011 income taxes may force the Treasury Department to make unprecedented moves to prevent U.S. workers from seeing large tax increases in their January paychecks. The issue: 2011 tax-withholding tables. Treasury officials usually release the tables, which determine the take-home pay of millions of wage-earners, by mid-November because it takes payroll processors weeks to adjust their systems before Jan. 1. But congressional leaders recently postponed voting on taxes until after the election and lawmakers don't reconvene until Nov. 15. The Senate is scheduled to take up several nontax issues when it returns and is expected...
  • Tax Cuts on Colorado Ballot Stir Alarm (of incumbents)

    09/21/2010 2:57:26 AM PDT · by reaganaut1 · 19 replies
    New York Times ^ | September 20, 2010 | DAN FROSCH
    DENVER — With Republican candidates thundering against government spending and the Tea Party’s popularity soaring in parts of the country, one might think that any proposal aimed at lowering taxes would be a safe bet for the Republican Party these days. But in a state known for strict constitutional limits on taxation, even Colorado’s conservative Republicans are alarmed by three ballot measures that would — of all things — cut taxes. The measures — which would lower property, income and sales taxes; limit government borrowing; and reduce vehicle registration fees — are widely seen as too extreme by Democrats and...
  • 41 Obama White House aides owe the IRS $831,000 in back taxes -- and they're not alone

    09/10/2010 7:26:53 AM PDT · by Qbert · 140 replies · 2+ views
    LA Times ^ | 9/10/2010 | Andrew Malcom
    Over the years a lot of suspicion has built up across the country about Washington and its population of opportunistic transients coming to see themselves as a special kind of person, somehow above average working Americans who don't work down in that former swamp. Well, finally, an end to all those undocumented doubts. Thanks to some diligent digging by the Washington Post, those suspicions can at last be put to rest. They're correct. Accurate. Dead-on. Laser-guided. On target. Bingo-bango. As clear as it's always seemed to those Americans who don't feel special entitlements and do meet their government obligations. We...
  • Abolish state income taxes (Statistics show they retard economic growth)

    07/20/2010 6:25:06 AM PDT · by SeekAndFind · 26 replies
    Washington Times ^ | 07/20/2010 | Richard W. Rahn
    Did you know there are nine states that have no state income tax? The non-income-tax states (see accompanying chart) are geographically and economically diverse, ranging from the state of Washington in the Pacific Northwest, to Texas and Florida in the South, and up to New Hampshire in the Northeast. Why is it that some of the states with the biggest fiscal problems have the highest individual state income tax rates, such as New York and California, while some of the states with the least fiscal problems have no state income tax at all? High-tax advocates will argue that the high-tax...
  • ‘If you tax them, they will leave’ (New Jersey, says Gov. Christie)

    04/17/2010 11:26:49 AM PDT · by reaganaut1 · 28 replies · 1,196+ views
    Weekly Standard ^ | April 26, 2010 | Fred Barnes
    Trenton If the citizens of New Jersey like candor, Chris Christie is the governor they’ve been waiting for. Or I should say citizens of “the failed state” of New Jersey, as he tends to call it. It’s a “broken state” and a state that’s “broke.” New Jersey was in “a shambles,” he says, when he became governor in January. It’s “a fiscal basket case,” suffering from the “madness” of tax increases and excessive government spending, a “wonderful state” that’s been brought to “the edge of bankruptcy” and faces “the ruination” of its economy and “the quality of life that we...
  • Cheer Up-Next Year's Tax Day Will Be Much Worse

    04/15/2010 8:39:44 AM PDT · by Shellybenoit · 4 replies · 241+ views
    The Lid/House GOP Conference ^ | 4/15/2010 | The Lid
    Even in the best of times Tax Day stinks, but this Tax day is worse than most. The economy remains in the pits, spending has skyrocketed, taxes have gone up, and it seems as if with each passing day the American voter's voice in how those tax dollars are being spent, diminishes. That's the good news, the bad news is that next year's tax burden will be worse. "I can make a firm pledge, under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax,...
  • Nearly half of US households escape fed income tax

    04/07/2010 12:48:15 PM PDT · by crusty old prospector · 78 replies · 1,857+ views
    Yahoo Finance ^ | April 7, 2010 | Stephen Ohlemacher
    WASHINGTON (AP) -- Tax Day is a dreaded deadline for millions, but for nearly half of U.S. households it's simply somebody else's problem. About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions to eliminate their liability. That's according to projections by the Tax Policy Center, a Washington research organization. Most people still are required to file returns by the April 15 deadline. The penalty for skipping it is limited to the amount of taxes owed, but it's still almost always better...
  • Absolute Proof That We Need Tax Reform

    03/26/2010 7:31:24 AM PDT · by Shellybenoit · 7 replies · 153+ views
    The Lid/Daily Caller ^ | 3/26/2010 | The Lid
    Some people are fighting for a fair tax, replacing our income tax structure with a VAT, a Value Added Tax(country wide sales tax). Others argue for a Flat tax, one tax rate on income for everybody, no deductions etc. Both sides are fighting for the same concept. Simplify the way the federal government collects taxes. America's Tax Structure is just so complicated and is getting more complicated every day. The $600 Billion plus in brand-spanking-new taxes passed as part of the Obamcare bill only serves to add to the tax code confusion. But Americans shouldn't feel bad because the general...
  • Tax Fairness Reaches A Tipping Point

    03/16/2010 5:16:23 PM PDT · by Kaslin · 26 replies · 1,200+ views ^ | March 16, 2010 | INVESTORS BUSINESS DAILY Staff
    Fiscal Policy: The latest data show a record number of people with no tax obligation. We also have the highest-earning nontaxpayers ever. With more riding the wagon and fewer pulling, it should soon break down. A record number of the 142 million tax returns filed in 2008 resulted in no taxes owed, according to the Tax Foundation's analysis of the latest IRS data. About 51.6 million returns, or 36.3%, were filed by those whose deductions, exemptions and tax credits wiped out any federal income-tax obligation. These aren't people who have overpaid their taxes or had so much withheld from their...
  • Another Obama Tax Hike [Obama favors 41% marginal tax rate for middle class]

    02/04/2010 4:51:56 AM PST · by grundle · 41 replies · 2,439+ views
    Wall St. Journal ^ | February 3, 2010 | Douglas Holtz-Eakin and Alex Brill
    The Senate health-care bill would raise effective marginal tax rates on lower and middle-income singles and families up to 41%. The effective marginal tax rate is the answer to the question: "If I earn $1 more, how much less than $1 do I get to save or spend?" If you can keep that full dollar for your disposal, the effective marginal tax rate is zero. If earning another dollar does not raise your disposable income by even a penny, the effective marginal tax rate is 100 percent. Consider, then, the figure below constructed for a two-earner family with two school-age...
  • A Review of Significant State Tax Changes During 2009

    12/23/2009 10:51:55 AM PST · by reaganaut1 · 9 replies · 614+ views
    Tax Foundation ^ | December 21, 2009 | Joseph Henchman
    State Changes to Individual Income TaxesIncreasesCalifornia in May added 0.25% to each income tax bracket, retroactive to January 1, 2009 and expiring December 31, 2010. Connecticut in September added a new top bracket of 6.5% on income over $500,000, retroactive to January 1, 2009. Delaware in June added a new top rate of 6.95% on income over $60,000 retroactive to January 1, 2009. Hawaii in May added three new brackets retroactive to January 1, 2009: 9% on income over $150,000; 10% on income over $175,000; and 11% on income over $200,000. New Jersey in June added three new brackets retroactive...
  • 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 · 726+ 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 · 292+ views ^ | 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 · 834+ 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...