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Keyword: fairtax

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  • Bill Gates calls for higher capital gains taxes

    05/02/2016 8:29:17 AM PDT · by DCBryan1 · 70 replies
    CNBC ^ | 02 MAY 16 | Robert Frank | @robtfrank
    Bill Gates said investment gains should be taxed at the same level as ordinary income — a bold call for one of the world's largest investors. Speaking Monday on CNBC's "Squawk Box," Gates said that he's "pleased" that there is more discussion around changing the tax code. When asked what he would alter, Gates sided with his pal Warren Buffett and said he supports raising the earned income tax credit. But Gates also said he would raise the tax rate for capital gains — the largest source of income for the richest Americans. The current top tax rate on capital...
  • How Craig Wright Privately ‘Proved’ He’s the Father of Bitcoin

    05/02/2016 12:18:38 PM PDT · by nickcarraway · 7 replies
    Wired ^ | 05.02.16 | ANDY GREENBERG
    WHEN RUMORS SURFACED early last month that Australian cryptographer Craig Wright would attempt to prove that he created Bitcoin, Gavin Andresen remained skeptical. As the chief scientist of the Bitcoin Foundation, his opinion counts: Andresen is among the earliest programmers for the cryptocurrency, and likely the one who has corresponded more than anyone with Satoshi Nakamoto, Bitcoin’s pseudonymous, long-lost inventor. Today, Andresen fully believes that Wright is Nakamoto. Now he’ll have to convince the rest of the world, because he’s among the only people to have seen what he claims is the best evidence in Wright’s favor. In an interview...
  • Fantasy Math Is Helping Companies Spin Losses Into Profits

    05/01/2016 12:18:04 PM PDT · by Lorianne · 34 replies
    New York Times ^ | 22 April 2016 | GRETCHEN MORGENSON
    Companies, if granted the leeway, will surely present their financial results in the best possible light. And of course they will try to persuade investors that the calculations they prefer, in which certain costs are excluded, best represent the reality in their operations. Call it accentuating the positive, accounting-style. What’s surprising, though, is how willing regulators have been to allow the proliferation of phony-baloney financial reports and how keenly investors have embraced them. As a result, major public companies reporting results that are not based on generally accepted accounting principles, or GAAP, has grown from a modest problem into a...
  • E.J. Dionne: In American politics, stupidity is the name of the game (Need to Tax the rich more)

    07/29/2010 7:42:56 AM PDT · by SeekAndFind · 21 replies
    Washington (Com)Post ^ | 07/29/2010 | E.J. Dionne Jr.
    Can a nation remain a superpower if its internal politics are incorrigibly stupid? Start with taxes. In every other serious democracy, conservative political parties feel at least some obligation to match their tax policies with their spending plans. David Cameron, the new Conservative prime minister in Britain, is a leading example. He recently offered a rather brutal budget that includes severe cutbacks. I have doubts about some of them, but at least Cameron cared enough about reducing his country's deficit that alongside the cuts he also proposed an increase in the value-added tax, from 17.5 percent to 20 percent. Imagine:...
  • "The Forgotten History of the Federal Income Tax"

    04/25/2016 8:41:36 AM PDT · by Oldpuppymax · 17 replies
    The Coach's Team ^ | 4/25/16 | Susan Frickey
    “The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.” – The 16th Amendment, Ratified 1913 The birth of the income tax! Prior to 1913, the constitutionally limited responsibilities of the federal government were generally covered by import tariffs. Occasionally, temporary taxes were imposed to pay for wars, but were to be apportioned by the states and could not be direct, personal taxes, according to the Constitution in Article I, sections 2 and 9. W. Cleon Skousen wrote a very...
  • NBC Pushes Trump to the Left on Transgender Bathrooms, Abortion, Taxes

    04/21/2016 10:27:35 AM PDT · by TexasCajun · 64 replies
    NewsBusters.org ^ | April 21, 2016 | Kyle Drennen
    Trump acknowledged that he “had a feeling that question was going to come up” and proceeded toe the liberal line of political correctness: “Well, look, North Carolina did something that was very strong and they're paying a big price and there's a lot of problems....People go, they use the bathroom that they feel is appropriate. There has been so little trouble.” ... Fellow co-host Savannah Guthrie turned to the subject of abortion: “The Republican platform, every four years, has a provision that states that the right of the unborn child shall not be infringed. And it makes no exceptions for...
  • Harvard Law activists demand free tuition as a matter of racial justice

    04/20/2016 2:38:23 PM PDT · by PROCON · 43 replies
    washingtontimes ^ | April 20, 2016 | Jessica Chasmar
    A group of Harvard Law School activists are demanding the graduate school do away with tuition fees, which they argue are “racially biased.” Members of the group Reclaim Harvard Law School published an open letter Sunday addressed to Law School Dean Martha L. Minow and members of the Harvard Corporation — the University’s highest governing body — demanding an end to tuition costs that they argue impose an unfair financial burden on students of color, The Harvard Crimson reported. Tuition at the law school will rise to $59,550 for the 2016-2017 academic year, and students are graduating with an average...
  • There's an even better solution to poverty than a $15 minimum wage (Basic universal income)

    04/20/2016 2:16:51 PM PDT · by 2ndDivisionVet · 33 replies
    Tech Insider ^ | April 20, 2016 | Chris Weller
    Bernie Sanders and Hillary Clinton spent a great deal of time debating the merits of raising the minimum wage at the last Democratic debate on April 14. Sanders, ever the radical, stood behind the popular $15 minimum wage figure that will soon take hold in California and New York. Clinton, who's long pushed for $12, updated her position in support of $15 figure. Both could be misguided. While raising the minimum wage does make sense on paper — working people need to make more to survive than they can on today's minimum wage, so we should give them more money...
  • 45% of Americans pay no federal income tax

    04/18/2016 1:50:30 PM PDT · by george76 · 49 replies
    MarketWatch ^ | Apr 18, 2016 | Catey Hill
    An estimated 45.3% of American households — roughly 77.5 million — will pay no federal individual income tax ... The top 1% of taxpayers pay a higher effective income-tax rate than any other group (around 23%, according to a report released by the Tax Policy Center in 2014) — nearly seven times higher than those in the bottom 50%. On average, those in the bottom 40% of the income spectrum end up getting money from the government. Meanwhile, the richest 20% of Americans, by far, pay the most in income taxes, forking over nearly 87% of all the income tax...
  • Why Tax Reform Is Forever Doomed

    04/18/2016 9:06:11 AM PDT · by SeekAndFind · 33 replies
    RCM via Washington Post ^ | 04/18/2016 | Robert Samuelson
    WASHINGTON - Almost everyone agrees that America's income tax is too complex. Considering this, you might expect that simplifying the income tax would be a slam dunk. Sure enough, the various presidential candidates have proposed sweeping overhauls. But any agreement is mostly rhetorical. The odds that the next president, whoever it be, will engineer genuine tax simplification are negligible. On this Tax Day, it's worth pondering why. Make no mistake: I think we'd be better off with a simpler system. By this, I mean a system with a broader tax base and lower rates. I'd eliminate most tax preferences and...
  • Why Ted Cruz’s VAT really is a VAT

    04/15/2016 10:56:53 PM PDT · by Hanna548 · 253 replies
    American Enterprise Institute ^ | 01/15/16 | James Pethokoukis
    Make no mistake here. Cruz is proposing a VAT add-on to the existing personal income tax system.
  • Even an Incompetent Bureaucrat Has a Great Idea Once in a While

    04/15/2016 6:43:54 PM PDT · by writer33 · 22 replies
    Conservative Review ^ | 04/15/16 | Joshua Withrow
    If you’ve ever paid taxes, you probably agree that the tax code is entirely too complicated. To that end, you would probably also enjoy having a simple, easy-to-understand one-page form that you can fill out in about ten minutes and be done with your taxes. For what it’s worth, the Tax Man agrees with you. I don’t have many nice things to say about IRS Commissioner John Koskinen (in fact, Congress should impeach him…), but when asked at a Congressional hearing this week about the flat tax, this was his response: Clearly, if you had a two-page form or a...
  • Mad At Corporate Tax Dodgers? Blame Democrats

    04/15/2016 4:21:02 AM PDT · by IBD editorial writer · 9 replies
    Investor's Business Daily ^ | 4/14/216 | Staff
    Tax Reform: The left is aghast that more than 20% of large, profitable corporations paid zero income taxes. But it’s the Democrats’ own tax policies that have created this odd situation.
  • Steve Forbes: Obama Ratchets Up War on Private Sector

    04/15/2016 3:33:34 AM PDT · by HomerBohn · 15 replies
    News Max ^ | 4/14/2016 | R. Williams
    President Barack Obama is making sure that his administration spends its last days in power by piling on more rules and regulations on private industry, and Republicans have failed to push back. That’s the message from publisher Steve Forbes in a magazine editorial published on its website. “The Obama Administration has let it be known that the White House and the regulatory agencies will be issuing a blizzard of new rules and decrees in the waning months of his miserable regime,” Forbes writes. “These will affect overtime, unionization, the environment and finance, among other areas, thereby hobbling enterprise even more.”...
  • David Cameron should 'resign immediately' after admitting he trousered profits from Dad's...

    04/07/2016 6:13:57 PM PDT · by SunkenCiv · 29 replies
    Mirror UK ^ | Thursday, April 7, 2016 | Mikey Smith , Jack Blanchard
    MPs have called for the Prime Minister to 'resign immediately' after being 'less than honest' about profiting from his Dad's offshore firm. MPs have demanded David Cameron's immediate resignation, after being "less than 100% honest" about profiting from his father's offshore fund. The Prime Minister finally cracked tonight after days of dodging questions over whether he had personally profited from his late father Ian’s investment firm, which was based in a tax haven in the Bahamas. He admitted owning thousands of shares with wife Sam which he flogged for Ł30,000 just weeks before he became Prime Minister.
  • Senate Dem: National debt is not 'a threat to our country'

    04/07/2016 3:49:49 AM PDT · by kevcol · 35 replies
    The Washington Examiner ^ | April 6, 2016 | Joel Gehrke
    Senate Democrats on Wednesday couldn't agree that federal debt is a national security problem, in a hearing aimed at assessing the long-term strategic implications of the government's $19 trillion debt. "A realistic discussion about it, and accepting expert opinion that this debt that we have is not actually right now a threat to our country, is I think a more realistic and honorable way of talking to the American people about it," Sen. Ed Markey, D-Mass., said during a Senate Foreign Relations Committee hearing on Wednesday. That surprised committee chairman Bob Corker, who concluded the hearing by describing such views...
  • Russia flexes Central Asia military might amid Afghan fears

    05/17/2015 4:09:32 AM PDT · by Paid_Russian_Troll · 18 replies
    AFP/Yahoo ^ | Akbar Borisov with Chris Rickleton in Bishkek
    Russia has deployed hundreds of troops for drills in Central Asia with its ex-Soviet allies in a show of force as anxiety grows over a surge in fighting in neighbouring Afghanistan. Around 2,500 personnel from the Russian-led Collective Security Treaty Organisation (CSTO) are taking part in joint exercises due to run to Wednesday in Tajikistan. The move is seen as re-enforcing Moscow's role as the main guarantor of the fragile region's security after US troops leave Afghanistan. The Russian deployment of about 500 troops for the drills started last week, bolstered by soldiers from Tajikistan, Kazakhstan, Kyrgyzstan, Armenia and Belarus....
  • Why Is America Richer than Kazakhstan, and Why Has Estonia Surpassed Croatia?

    05/04/2015 9:12:26 AM PDT · by Kaslin · 6 replies
    Townhall.com ^ | May 4, 2015 | Daniel J. Mitchell
    Even small differences in economic growth make a big difference to living standards over time. I frequently share this chart, which highlights how long it takes to double economic output based on different growth rates. I also use real-world examples to show how some nations become much richer than other nations within just a few decades because of better policy and faster growth.HereÂ’s another way to approach the issue. LetÂ’s use a hypothetical example to reinforce the importance of growth. If we went back to 1870 and assumed our economyÂ’s nominal growth rate was one percentage point slower than it...
  • Russian Federation Stirring pro-Russian Separatism in the Republic of Kazakhstan

    04/04/2016 7:19:17 AM PDT · by Leo Carpathian · 11 replies
    InformNapalm ^ | 04/04/2016 | Falcon Bjorn
    The political and military environment in Kazakhstan is deteriorating due to the efforts of pro-Russian activists. The activities of pro-Russian movements in Kazakhstan indicate a tremendous growth of the threat to the acting authority, which emerged in the last 18 months. Currently, Kazakhstan is ready for the repeat of the “Crimean scenario”. It could be triggered by domestic problems in the Russian Federation or a sudden change in the state regime of Kazakhstan. Such threats to Kazakhastan are driven both by its citizens, who are coming home having obtained combat experience in Donbas region, and the increased activities of Cossack...
  • 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...
  • Cruz Plan: VATs Help Trade but Invite Corruption [aw!m vanity]

    04/04/2016 6:38:51 AM PDT · by Arthur Wildfire! March · 15 replies
    Cruz addresses a major reason for our trade deficit. However ... If something confuses people? It invites corruption. A handy rule of thumb in government. Are VATs confusing? Very. ~~~ Even explaining a VAT* is tough because there are many different kinds. Some alleged VATs aren't even VATs according to many. But I'll break it down into two categories: 1. A good VAT. 2. A bad VAT. ~~~ A Good VAT Senator Cruz proposes 'turning the tables' on Europe and other nations which are sneaking money back to corporations which give them jobs. In the nutshell, a good 'VAT' is...
  • Trump doubles-down on allies paying more for US protection, vows to repeal ObamaCare

    04/03/2016 6:10:02 PM PDT · by Innovative · 53 replies
    Fox News ^ | April 3, 2016 | Fox News
    Republican presidential candidate Donald Trump doubled-down Sunday night on his comments that the US should “do a better deal” with Japan, South Korea and other allies, saying they should pay more for America’s protection while taking a greater role in their defense — including building their own nuclear weapons "If you start raising that minimum wage, you're going to make a lot of our companies even more non-competitive," he said. Trump also delved into his plans to change the nation's tax code by "simplifying" it. He also renewed his promise to repeal ObamaCare — though he again wouldn’t offer specifics...
  • IRS Commissioner Admits Defeat - Due To Budget Squeeze IRS Now Poised To Lose $5 Billion Per Year

    03/26/2016 2:01:17 PM PDT · by Kid Shelleen · 59 replies
    Forbes ^ | 03/26/2016 | Josh Ungerman
    Gone are the days of sophisticated tax plans offered by international accounting and law firms to their wealthiest clients which the IRS, with the benefit of hindsight, categorized as “tax shelters”. So why is Commissioner Koskinen raising the flag upside-down in a signal of distress in March of 2016? Tax practitioners all around the country know exactly why. Too many taxpayers and a handful of unscrupulous “tax practitioners” are taking advantage of the almost absolute absence of tax enforcement by the IRS. Yes, “Joe the plumber” and other average taxpayers know that no-one is minding the store. What happens when...
  • Ted Cruz May Have Just Stepped into a Fight That Is Dividing NRA Members (Norquist)

    03/18/2016 2:11:01 PM PDT · by 2ndDivisionVet · 59 replies
    The Trace ^ | March 18, 2016 | Mike Spies
    His newest foreign policy advisor, Frank Gaffney, is a key player in the effort to remove Grover Norquist from the organization's board. Ted Cruz named Frank Gaffney his foreign policy advisor on Thursday, a move that threatens to involve the Republican presidential contender in a contentious fight to get the party's most prominent anti-tax advocate kicked off the National Rifle Association's board. Gaffney once worked for President Ronald Reagan's Department of Defense and now runs the Center for Security Policy, a hyper-conservative think tank that promulgates theories about a Muslim Brotherhood conspiracy to infiltrate the U.S. government. The Southern Poverty...
  • Sorry, Republicans, Ted Cruz is Lying About Abolishing the IRS

    03/04/2016 3:21:31 PM PST · by BlackFemaleArmyCaptain · 161 replies
    The Daily Banter ^ | 3/4/2016 | BOB CESCA
    It's America's favorite pander. Pledging to abolish the Internal Revenue Service is only slightly less attractive than promising unlimited, consequence-free sex with the partners of our choice. Nobody likes the IRS, and eliminating it entirely will surely resolve many, many sleepless nights for too many Americans, especially at this time of year. So, it's no wonder why Ted Cruz is promising to abolish the IRS. It's such a crucial aspect of his platform that he mentioned it twice during his Super Tuesday victory speech in Texas because, for middle-aged Republican voters, it's way better fapping material than naked pics of...
  • Buffett Rails Against Presidential Candidates Who Talk Down Economy

    02/27/2016 1:19:00 PM PST · by Hojczyk · 24 replies
    OANN ^ | February 27,2016 | Jennifer Ablan and Jonathan Stempel
    Warren Buffett bemoaned the “negative drumbeat” on the U.S. economy from presidential candidates in his annual Berkshire Hathaway Inc shareholder letter on Saturday, saying they are misleading Americans into believing their children will be worse off than they are. “It’s an election year, and candidates can’t stop speaking about our country’s problems (which, of course, only they can solve),” Buffett wrote, italicizing “they” for emphasis. As a result of their dour outlook on the U.S. economy, many Americans now believe that their children will not live as prosperously as they themselves do, the 85-year-old Buffett said. “That view is dead...
  • Mega-donors shy away from fight with Trump

    02/24/2016 5:00:43 AM PST · by McGruff · 42 replies
    POLUTICO ^ | February 23, 2016 | KENNETH P. VOGEL and ISAAC ARNSDORF
    As Donald Trump picks up momentum, the chances of a well-funded assault to block him from the Republican presidential nomination are dramatically dwindling, according to interviews with about a dozen donors and operatives who are appalled by the billionaire real estate showman's campaign. The party's elite donor class has mostly closed its checkbooks to groups dedicated to stopping Trump, while the outfits that have built massive reserves are increasingly deciding to forgo anti-Trump campaigns, despite widespread fears that he is making a mockery of conservatism and could undermine Republicans up and down the ballot. The deepest-pocketed operation on the right,...
  • Trump Lays Out Day One Presidential Priorities — Roll Back Obama Exec Orders, Knock Out ObamaCare

    02/24/2016 10:55:52 AM PST · by BlackFemaleArmyCaptain · 79 replies
    Breitbart ^ | 2/24/2016 | Jeff Poor
    Wednesday on ABC's "Good Morning America," Republican presidential front-runner Donald Trump told co-host George Stephanopoulos some of his first-day priorities should be elected president of the United States. Trump, coming off a win a night earlier in the Nevada Republican Caucus, said rolling back President Barack Obama executive orders, including one dealing with the border and immigration, repealing ObamaCare and taking care of the veterans would be his priorities. "Well, the first thing I'd do is knock out some of the executive orders signed by our president," Trump said. "Especially the one on the border where people are allowed to...
  • Tempers flare at IRS hearing

    02/12/2016 4:25:58 AM PST · by HomerBohn · 18 replies
    The Hill ^ | 2/11/2016 | Naomi Jagoda
    A heated argument erupted Thursday at a hearing on the IRS, with Democrats and Republicans trading charges about the work of the Oversight Committee. Two Democrats on the panel accused their GOP colleagues of repeatedly holding hearings on the IRS for political reasons. In his opening statement, Oversight Committee ranking member Rep. Elijah Cummings (D-Md.) complained that the hearing was the 23rd held about the IRS in recent years. "Unfortunately, Republicans have become obsessed with investigating any and every allegation relating to the IRS, no matter how small," he said. He said Republicans are frustrated that they have never found...
  • Why Warren Buffett Is a World-Class Con Man

    12/01/2015 10:28:57 AM PST · by Vigilanteman · 13 replies
    InvestmentU.Com ^ | 1 December 2015 | George Everett
    Polls regularly show that investor Warren Buffett is one of the most trusted men in America. What a crock. The man is an imposter, a four-flusher and a humbug. And I can prove it. If you’re skeptical, maybe that’s because - like mushrooms - you’ve been kept in the dark and fed a lot of horse manure. Too many people believe what they hear in the mainstream media. They listen to the lying politicians - that’s 98% of them - in both parties. And they swallow a lot of nonsense from self-styled investment “experts.” (I’ll have a lot more to...
  • 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...
  • Pew poll: Trump leads GOP field by nine as Jeb Bush crashes into sixth place with … four percent

    10/02/2015 11:56:03 AM PDT · by SeekAndFind · 30 replies
    Hotair ^ | 10/02/2015 | AllahPundit
    Four percent, guys. To put that in perspective, Scott Walker was still pulling five percent in one poll released less than a week before he dropped out of the race.Every now and then, just for a fleeting moment or two, I put away my fatalism and consider that maybe the Republican establishment can’t nominate anyone it wants. And then the moment passes and I return to reality.As for Trump, there’s been a raging debate for the past three months between people who think his surge is due to a cocktail of populism, “white identity politics,” and sheer alpha-male bravado...
  • Analysis: The good and the bad of Donald Trump’s personal income tax policy

    09/28/2015 7:57:43 PM PDT · by SeekAndFind · 43 replies
    Hotair ^ | 09/28/2015 | Taylor Millard
    I wrote earlier today how Trump could “surprise me in a good way” over his tax plan, and you know, he did. His personal income tax reform plan for people who don’t have stocks is really simple and something which he should be praised for.The simplification is really good and is a lot easier than the current system. Good on Trump for doing this. From a personal standpoint, I prefer either a very low flat tax (7%) or zero income tax at all. But the income tax part of Trump’s plan isn’t bad at all. I’m still not sure...
  • [Trump, Pay Attention]: Bush's Tax Plan Goes Long Way Toward Restoring 4% Growth

    09/10/2015 7:17:34 AM PDT · by Jim 0216 · 98 replies
    Investor's Business Daily ^ | 09/09/2015 | LAWRENCE KUDLOW AND STEPHEN MOORE
    Bush's plan starts by slashing tax rates. He'd return to the top personal income tax rate of 28% that America had when Ronald Reagan left office. That top rate, by the way, was a true bipartisan reform designed in part by congressional Democrats like Bill Bradley and Dick Gephardt. The rate has since migrated up to 42%, with many Democrats longing to tax the rich well above 50%. Middle-class tax rates would fall to 10% for families with incomes up to $89,000 and to 25% for incomes up to $163,800. For singles, the thresholds are lower. But the thresholds are...
  • Jeb Bush: People Need to Work Longer Hours

    07/08/2015 4:57:12 PM PDT · by jimbo123 · 75 replies
    ABC News ^ | 7/8/15 | CANDACE SMITH
    Today, Republican presidential candidate Jeb Bush, who as of-late has gone relatively gaffe-free, uttered a phrase that may not go over too well with the constituency he seeks to reach. During an interview that was live-streamed on the app Periscope, Bush told New Hampshire’s The Union Leader that to grow the economy, “people should work longer hours.” He was answering a question about his plans for tax reform and responded: “My aspiration for the country and I believe we can achieve it, is 4 percent growth as far as the eye can see. Which means we have to be a...
  • Jeb Bush’s Big Lehman Brothers Problem

    07/12/2015 7:15:28 AM PDT · by jimbo123 · 26 replies
    Daily Beast ^ | 7/2/15 | Charles Gasparino
    Jeb Bush says he released 33 years of tax returns this week because he wants to be the most transparent candidate to run for president in 2016. But if that’s really the case, why is he continuing to obfuscate some of his most lucrative and potentially controversial business dealings he had before announcing his candidacy, like his work as an “adviser” for investment bank Lehman Brothers? So, if Jeb won’t tell you what Jeb exactly did while working on Wall Street, in the interests of transparency and disclosure, I will try. Not much is known about what Bush actually did...
  • Jeb takes a swipe at Hillary by releasing 33 years of personal tax returns

    06/30/2015 5:20:41 PM PDT · by Sean_Anthony · 16 replies
    Canada Free Press ^ | 06/30/15 | Robert Laurie
    Record-breaking transparency. Jeb takes a swipe at Hillary by releasing 33 years of personal tax returns Don’t look now, but Jeb Bush’s campaign is about to set a record in terms of releasing tax information. This afternoon, Bush will release 33 years’ worth of personal income tax returns via his website. That’s more than any other would-be nominee ever - by a wide margin. Only Bob Dole and John Kerry came close to this total, and the Bush release will outpace both of them by double digits. As the AP reports: Republican presidential candidate Jeb Bush plans to release 33...
  • Jeb Bush says he would back tax increases to reduce deficit

    06/02/2012 3:18:55 PM PDT · by WilliamIII · 53 replies
    Bloomberg/Washington Post ^ | June 1, 2012 | Brian Faler
    June 1 (Bloomberg) -- Former Florida Governor Jeb Bush, in a break with his party, said he could support tax increases to help reduce the federal government’s budget deficit. The brother of former President George W. Bush told a congressional panel in Washington today that he could back a theoretical deficit-reduction package that would include $1 in tax increases for every $10 in spending cuts. 1 Comments Weigh InCorrections? Personal Post More from PostPolitics Obama: From dove to tough guy Aaron Blake JUN 1 THE FIX | When it comes to foreign policy, Obama’s image is starting to look a...
  • Opinion: The far right fears Jeb Bush’s success

    02/23/2015 12:18:41 PM PST · by 2ndDivisionVet · 60 replies
    Market Watch ^ | February 23, 2015 | Paul Brandus, White House bureau chief, West Wing Reports
    One of the more memorable moments during the last presidential campaign was a GOP debate in August, 2011. Fox’s Bret Baier asked the eight candidates if they would agree to $1 in new taxes for every $10 in spending cuts. Not one person raised his (or her) hand. Ronald Reagan, George H.W. Bush, and Richard Nixon—all tax hikers at one point or another during their presidencies—would have raised their hands, and might have been booed off stage. That’s how much the Republican party has changed. Which brings us to Jeb Bush. During his eight years as governor of Florida (1999-2007),...
  • 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...
  • Donald Trump: Tax the Rich More

    08/28/2015 12:18:58 PM PDT · by z taxman · 170 replies
    CNN ^ | Aug. 28, 2015 | Heather Long
    Donald Trump is finally showing us more of his economic plan beyond the "Make America Great Again" slogan on his red hat. America has now learned: -- He wants to tax the rich more and the middle class less. -- He wants to lower corporate taxes. -- He wants to cut government spending and stop raising the debt ceiling. "The hedge fund people make a lot of money and they pay very little tax," Trump said in an interview Wednesday with Bloomberg. "I want to lower taxes for the middle class." In short, Trump is willing to raise taxes on...
  • TRUMP: ‘FLAT TAX IS OKAY’

    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...
  • TRUMP: SIMPLIFY TAX CODE WITH ‘INTELLIGENCE,’ ‘REDUCE TAXES,’ WON’T GIVE WHOLE PLAN YET

    08/11/2015 6:05:11 AM PDT · by Hojczyk · 66 replies
    Breitbart ^ | August 11, 2015 | by IAN HANCHETT
    Republican presidential candidate Donald Trump stated that on taxes he supports, simplifying the tax code and wants to “reduce taxes” on Tuesday’s broadcast of the Fox News Channel’s “Fox & Friends.” Although, he later added on CNN’s “New Day” that “I know exactly what I want to do, I just don’t want to announce it yet.” Asked about his tax plan, Trump said, “You have so many plans Steve, and you have the Fair Tax, and you have the flat tax, and you have the current system, but it’s too complicated. Frankly, what we should do is…start it off by...
  • Abolishing the IRS: Is 99% Good Enough?

    05/20/2015 11:40:15 AM PDT · by Kaslin · 15 replies
    Townhall.com ^ | May 20, 2015 | Barney Brenner
    The Republican presidential field is talking tax reform. (Beware the deceitful cries from the left of “tax cuts for the rich.”) Several candidates favor some kind of flat tax on income and at least one, Mike Huckabee, likes the “Fair Tax,” a proposed levy on consumption, which seeks to do away with most or all other federal taxes. The former is often portrayed as a system where the poor are disproportionally burdened and the latter as one where a federal monitoring agency, such as the IRS, is no longer needed. Neither portrayal is accurate. The debate boils down to whether...
  • Would the Real Mike Huckabee Please Stand Up?

    05/07/2015 7:41:33 PM PDT · by 2ndDivisionVet · 33 replies
    Tax Justice Blog ^ | May 7, 2015 | Richard Phillips, Research Analyst at CTJ
    Despite having a relatively moderate record on tax policy as the governor of Arkansas, Mike Huckabee has wholeheartedly embraced a radically regressive tax plan as a central plank of his presidential candidate platform. For years, Huckabee has been one of the main proponents of the “Fair Tax,” a plan that would replace all federal taxes with a national sales tax. Citizens for Tax Justice and the congressional Joint Committee on Taxation have each found that to raise the same amount of revenue as current law, the sales tax rate would have to be about 50 percent. A study by the...
  • The Lee-Rubio tax blueprint

    03/18/2015 12:48:39 PM PDT · by Tolerance Sucks Rocks · 22 replies
    The Washington Times ^ | March 17, 2015 | Allen West
    Republican Sens. Mike Lee of Utah and Marco Rubio of Florida have released a blueprint for federal tax reform called “The Economic Growth and Family Fairness Tax Plan.” First, we should not embrace the language of progressive socialism in believing tax reform should have as a goal to advance “family fairness.” The plan should simply be entitled “The American Growth and Opportunity Plan.” That said, the Lee-Rubio plan is a great improvement over the current system. For the individual tax structure, the plan introduces a two-tier system to replace the current seven tax brackets. This plan moves America from a...
  • Ted Cruz's Best Idea Yet: Reform Taxes And Abolish IRS

    01/15/2015 7:13:15 PM PST · by 2ndDivisionVet · 44 replies
    Investor's Business Daily ^ | January 15, 2015 | Editorial Staff
    Tax Reform: Texas Sen. Ted Cruz, a possible Republican presidential candidate in 2016, might have hit on the most important fiscal issue facing the U.S.: the need for major tax reform. But he takes it a step further. Speaking Monday, the senator from Texas threw another thunderbolt: Republicans should use their control of Congress to get rid of the Internal Revenue Service. "We need to pass fundamental tax reform making our tax code simpler, flatter, fairer," he told a crowd at a Heritage Foundation event. "And I'll tell you, the single most important tax reform, we should abolish the IRS."...
  • The IRS Must Be Put Down Like a Rabid Dog

    12/20/2014 3:12:44 PM PST · by smoothsailing · 47 replies
    The Blaze ^ | 12-17-2014 | John Linder
    ContributionThe IRS Must Be Put Down Like a Rabid Dog Dec. 17, 2014 3:25pm John Linder John Linder served in Congress for 18 years from Georgia. He and his wife, Lynne, have retired to a farm in Northeast Mississippi. Since it was first disclosed that the IRS abused the taxpayers and the law, the Democrat refrain has been, “…it is clear that there was no White House involvement…” Well, now it is clear that there was White House involvement, but it is against the law to disclose it.A watchdog group, Cause of Action, filed a Freedom of Information Act...
  • Time for the Fair Tax; Ted Cruz is a sponsor

    11/03/2014 9:13:54 AM PST · by redinIllinois · 134 replies
    good article by Neal Boortz http://www.wsbradio.com/weblogs/nealz-nuze/2014/oct/29/michelle-nunn-and-fairtax/ http://fairtax.org/cosponsors/ http://thomas.loc.gov/cgi-bin/bdquery/z?d113:s00122:@@@P THE FAIR TAX WOULD BE THE BIGGEST TRANSFER OF POWER FROM DC BACK TO THE PEOPLE IN THIS COUNTRY'S HISTORY A flat tax is still an income tax, and would leave the IRS in place. It punishes productivity, and fails to capture any revenue from the illegal aliens and illegal activities like drugs and prostitution because most of them don't report their income, but they buy stuff, so with the Fair Tax, they would start paying a share. The IRS tried to take out the Tea Party, it would be sweet vengeance...
  • FairTax® and unFair Movie Update

    09/10/2014 6:56:04 PM PDT · by Taxman · 59 replies
    Tennessee Valley Republican Club ^ | 11 June 2014 | Written by Ralph Weber
    A team of acclaimed filmmakers is spearheading “Unfair”, a ninety minute documentary motion picture intended for all audiences. It will be the first major theatrical documentary to shed light on the certain damage the Income Tax and the IRS have wrought on our liberties, our businesses, our families, and our religious, charitable and civic organizations, while empowering a political agenda contrary to America’s heritage. This film will be promoted to mainstream audiences based on its factual and dramatic content. In addition, the Picture will be marketed heavily to interested grassroots audiences that identify themselves strongly with any and all of...