Posts Tagged ‘taxes’
Class Envy Continues – States Extort from Aircraft Owners
In the early 1990s, the U.S. Congress enacted a new law that taxed “luxury” items 10 percent. This was a big deal, since automobiles priced more than $30,000, boats more than $100,000, jewelry more than $10,000 and aircraft priced more than $250,000 were all targeted in the effort to enrich the government coffers. So, why…
Read MoreThe Kennedy Fortune is Safe
We’ve all heard about the estate tax, aka the death tax, which is a tax that the federal government levies when assets are transferred from a deceased person to someone else. So how does the super-rich work within the law to protect their family assets? To be clear, the U.S. tax code is written so…
Read MoreAnother Millionaire’s Tax – Don’t They Get It?
Let’s say you owned a successful local business with 25 full-time employees. Or maybe you’re a manager for a Fortune 50 company managing a staff of 50 in a city, how would you expect to be treated by the local government? Would you be expect to be treated as a leader who has invested and…
Read MoreBoehner Live Blogging Budget Debate – Good or Who Cares?
The House Republican leader – John Boehner from Ohio’s Eighth if you did not know – announced that tomorrow’s budget debate would be live-blogged during the session so people can be kept up-to-date. Maybe they will try the application that I want to use for my first session, coveritlive.com? Maybe I’ll take the day off…
Read MoreObama’s Entitlements for Everyone
Special thanks to Jim Vicevich for actually watching the full speech by Obama last night. I can’t even watch three minutes. Double thanks for sitting through it all again earlier today and editing down the message so we can get an idea of all the promises. This is certainly not something new. Both Democrats and…
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