Posts Tagged ‘tax burden’
Obama: Cut corporate tax rate to 28% – but ensure they pay more than before
I guess this is the political game. Reach out and let everyone know you’re going to lower the corporate tax rate from 35 percent to 28 percent, but then close all the “loopholes” – in other words eliminate deductions for many expenses – to ensure the overall tax burden of corporations goes up.
Read MoreSec. Clinton does not think the rich pay enough taxes
Yup, the rich do not pay enough taxes. Well Secretary of State Clinton, since you think that way, may I suggest you and your husband cut a check and pay extra local, state and federal taxes immediately. There is nothing stopping you from paying more, but you won’t do it … and you know it.
Read MoreThe progressive lunch
I’ve gotten a few requests to post or send out the story of the progressive lunch. Here it is. It’s been around for quite some time, but it’s still relevant … you can’t screw the people who are pulling the cart.
Read MoreWhere is the money? … Give up the bucks! Where is the cash? We need it fast!
Last week, I wrote about the astroturfed protest by thousands of union employees at the Illinois capital. They were demanding a tax increase – for the children of course – that would amount to a 33 percent increase in the state income tax. This short video sums up what they want.
Read MoreBernanke floats trial balloon – eventually must deal with entitlements
The federal government has floated another trial balloon reminding American’s we’ve got some serious obligations to pay out in the next few years. They seem to be softening everyone up for tax increases and entitlement cuts.
Read More47% of households pay no federal income tax
Is the Associated Press just realizing this fact? I wrote about this in 2008 and Rush Limbaugh has had the information on his home page forever. We really are spreading the wealth around when it comes to the federal tax burden in the United States.
Read MoreLet’s take all their money
A caller on Friday’s show asked an interesting question about confiscating all income made by people earning more than $1 million in this country. I believe his question was, if that were done, how long could the government operate? It should come as no great surprise that the answer is, not long. I can’t brake it down into…
Read MoreLimbaugh to pull out of New York
I understand Limbaugh’s situation is an individual case, but when you target high-wage earners with putative income taxes, those high-wage earners have the ability to work somewhere else. And sometimes they do.
Read MoreA close look at the federal tax burden of corporations and individuals
Are you better off than you were four years ago? It’s a question asked at Obama campaign events, and I’ve been thinking about different ways one can answer the question. We can measure economic success a number of ways – housing costs, gas prices, energy bills, retirement account balances and net worth are all measurable,…
Read MoreWho Pays For The Stimulus? Updated
Well come on … who do you think? Oh … and we finally have that “Get Out Of Jail Free” Card. Yea!
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