Posts Tagged ‘taxes’
Pelosi strikes deal with unions – no tax on high-cost health care plans
You knew this would happen. The unions deserve payback for support of Democrats and President Obama, so when the plan to tax “Cadillac” health care plans would obviously included those negotiated by collective bargaining teams, something had to be done. It’s change you can believe in!
Read MoreTanning bed lobby loses to big-plastic in health care tax revenue battle
I’m figuring the local gyms and tanning salons who provide the sun-baked look to those pasty-white college girls in Minnesota don’t have much of a lobbying force in Washington D.C. The Senate dropped a 5 percent tax on cosmetic surgery, only to replace it with a 10 percent tax on tanning services. What will the…
Read MoreGoing Galt in the UK
It will surprise the folks on the left, and in fact, most will deny it happens at all, but at some point taxation becomes so burdensome, that the producers bail. This is just the latest example of the producers moving to avoid a tax. (H/T RVO reader Chris on this one) Britain’s financiers and entrepreneurs…
Read MoreEnglish Lord suggests progressive airline fees to fight climate change
If you fly more, you must be rich. Since you’re rich and fly more, you should be penalized by the government and pay higher taxes on your airline tickets. These types of taxes are designed to slow down or cripple the economic engine of the world, and Lord Turner, the chairman of some climate committee…
Read MoreObama suggests elimination of capital gains – Congress doubles tax to 35%
President Obama on Tuesday suggested a bold move – a complete elimination of the capital gains tax on small business investment for one year. Congress promptly suggested more than doubling the tax from 15 percent to 35 percent effectively classifying these gains as ordinary income.
Read MoreRhetoric vs. reality – health care legislation will increase costs
With the health care debate heating up in the Senate this week, perhaps it’s time to analyze what proponents of Obamacare tell us this legislation will do, and compare that with what the legislation actually will do.
Read MoreCalifornia rips off taxpayer – increases withholding 10 percent
For those of you who jump for joy at the thought of a big tax “refund” check, you’ll be plenty happy in California since they will be increasing the withholding amount 10 percent this weekend. The state is going to borrow money from you interest free – money you do not owe in taxes –…
Read MoreFirst cash for clunkers – now free golf carts
In a twist that will tick-off taxpayers, the federal government’s plan to provide tax credits to buyers of electric vehicles has turned into a boon for golf cart manufactures. The IRS allows the full credit – $4,200 to $5,500 – to be applied to electric golf carts as long as they are road-worthy. Some buyers…
Read MoreWebsters vs Obama: It’s a tax … no it isn’t
My guess is Fox couldn’t have pressed him any harder on this … but then we will never know will we. Stay with it … its fun to watch Democrats fight.
Read MoreIf I were you, I’d stop doing business with the state of California
It’s bad enough the situation in California requires the state to dish out IOUs to residents and small business owner who are owed refunds or contract payments, but now the state will not allow IOUs to be used as payment for amounts owed to the state itself.
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