Posts Tagged ‘taxes’
Top 2 percent to pay for universal health care plan
The House Ways and Means Committee’s primary objective seems to be to find the ways and means to collect more tax revenue from the rich to pay for entitlement programs. So how about a surtax on the top 2 percent of Americans who have income greater than $250,000?
Read MoreIs today “float a stupid government idea” day?
Two stories from the news wire today just have me totally baffled. I’m not always thinking “we’re doomed”, but if the Obama administration is considering a national sales tax of 10 percent or more, and has a dork working for him who thinks painting all the roofs in the world white will help stop global…
Read MoreCouncilwoman gets great deal on Detroit property taxes
I’m not even sure what to think of this. Detroit city councilwoman JoAnn Watson owns a nice looking home in Detroit and paid $68 in property taxes in 2008. Sixty-eight dollars. It looks like the city of Detroit figured that the property was an empty lot for the past decade. From the Detroit Free Press……
Read MoreObama’s international tax plan – overseas banks balk
A few weeks ago I wanted to put a piece together concerning the implications of targeting domestic corporations who did business overseas. President Obama and his administration have used the attack code-word loophole concerning world-wide corporations who commit the sin of structuring their business to ensure they play the lowest legally allowed amount of taxes…
Read MoreNice… Paychex founder goes Galt on New York – sort of
By the pure definition, Paychex founder Tom Golisano is not going John Galt. He’s not working less or withdrawling his talents from society in an effort to keep his efforts from eventual state ownership. But Golisano can make a business and family decision to legally ensure the the state gets as little tax revenue from…
Read MoreNot Quite Pravda
Imagine a new role for Treasury Secretary and tax cheat Timothy Geithner: editor-in-chief of your local newspaper.
Read MoreObama’s plan to close international profit loophole
Here’s that word again. Loophole. Ugh. A loophole is not a bad thing, it’s the law. Ed Morrissey over at Hot Air does a great job so I’m going to avoid comment on this for now.
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 MoreDemocrats to Connecticut: If it moves … tax it!
Here we go … notice the new mantra of the Democrats … “Fairness“. Wealthy executives, small businesses, middle-class homeowners and college students buying textbooks would all pay higher taxes under a budget proposal by the legislature’s Democratic majority that would increase taxes by more than $3 billion over the next two years. The state’s richest…
Read MoreTemporary Tax Hikes and Other Fairy Tales
The mayor of Philadelphia, Michael Nutter, is proposing a temporary increase to the city’s property and sales taxes and a “fill-up” to the city budget. “The sales tax would rise by one percentage point to 8 percent for three years, beginning July 1, pending approval by state lawmakers. Taxes on residential and commercial real estate…
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