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Keyword: taxation

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  • Thirty companies paid no U.S. income tax 08-10: report

    11/03/2011 10:40:29 AM PDT · by Sub-Driver · 11 replies
    Thirty companies paid no U.S. income tax 08-10: report Photo 12:52pm EDT By Kevin Drawbaugh (Reuters) - Thirty large and profitable U.S. corporations paid no income taxes in 2008 through 2010, said a study released on Thursday that arrives as Congress faces rising demands for tax reform, but seems unable or unwilling to act. Pepco Holdings Inc, a Washington, D.C.-area power company, had the lowest effective tax rate, at negative 57.6 percent, among the 280 Fortune 500 companies studied. The statutory U.S. corporate income tax rate is 35 percent, one of the highest in the world, but over the 2008-2010...
  • Trick or Treat? The Frightening Cost of Halloween Courtesty of Government

    10/27/2011 8:55:01 AM PDT · by 92nina
    ATR ^ | 2011-10-27 | Americans for Tax Reform Foundation
    ...Businesses not only have to absorb these costs, but also those imposed by income taxes, payroll taxes, corporate taxes, property taxes, capital gains taxes, unemployment insurance taxes, workmen’s compensation taxes, and other payments to federal, state, and local forms of government. When all is said and done, government taxes compose 47.82 percent of the cost of the average kid’s costume, $11.66 of the average price. But the government’s tricks don’t end there. The Halloween season brings with it $2 billion in candy purchases. Due to excise taxation on sweets in addition to the burden of taxes placed on the confectionery...
  • No Representation without Taxation (The dangers of placing power in the hands of non-taxpayers)

    10/26/2011 6:34:18 AM PDT · by SeekAndFind · 3 replies
    American Thinker ^ | 10/26/2011 | Bruce Walker
    The recent Occupy Wall Street ruckus and the drumbeat rhetoric of Democrats in Washington that the rich pay too little shows the dangers of placing power in the hands of those who have no real interest beyond self-interest in the governance of the nation. One rallying cry of our forefathers when the British Crown sought to impose taxes -- really, very modest taxes -- on the colonies without the consent of us colonials was "No taxation without representation!" The logic of that slogan ran something like this: if I have no say in who passes taxes that I must pay,...
  • State Department buys $70,000 worth of Obama memoir (Huh??)

    10/25/2011 2:11:57 PM PDT · by STARWISE · 45 replies
    Washington Times ^ | 10-25-11 | Jim McElhatton
    The U.S. Department of State has bought more than $70,000 worth of books authored by President Obama, sending out copies as Christmas gratuities and stocking “key libraries” around the world with “Dreams from My Father” more than a decade after its release. The U.S. embassy in Egypt, for instance, spent $28,636 in August 2009 for copies of Mr. Obama’s bestselling 1995 memoir. Six weeks earlier, the embassy had placed another order with the same book seller, Kalemat Arabia, for more than $9,000 for copies of the same book, federal purchasing records show. Around the same time, halfway around the world,...
  • Sorry, Wrong Number 9-9-9

    09/30/2011 8:42:11 AM PDT · by Cincinatus' Wife · 64 replies
    The American Spectator ^ | Ross Kaminsky
    ....Of Mr. Cain's many ideas, the most well-known -- in part because of its clever sound-bite name -- is his 9-9-9 plan which aims to replace most current federal taxes (including income tax, death tax, payroll tax, capital gains taxes, and double-taxation of dividends) with a 9% flat tax for business income, a 9% flattax for individual income, and a 9% national salestax. The plan would eliminate almost all deductions. While Mr. Cain's consistent results-oriented approach is admirable -- not least for its contrast with the other candidates -- voters should be wary of the 9-9-9 plan despite its initial...
  • Internal Revenue Service Solicits for Behavioral Engineering Experiments

    09/24/2011 11:37:24 AM PDT · by DogByte6RER · 13 replies
    FedBizOpps.gov ^ | September 16, 2011 | FedBizOpps.gov
    Behavioral Experiment Transparency vs Burden Solicitation Number: TIRNO-11-Q-00349 Agency: Department of the Treasury Office: Internal Revenue Service (IRS) Location: National Office Procurement (OS:A:P) Solicitation Number: TIRNO-11-Q-00349 Notice Type: Combined Synopsis/Solicitation Synopsis: Added: Sep 16, 2011 11:03 am The Internal Revenue Service (IRS) intends to issue a sole sourced purchase order to the University of Minnesota's Social Behavior Science Division Research Professors: Marsha Blumenthal and Laura Kalambolidis, for research experiments, data to explore the impacts of Behavioral experiments of alternative reporting regimes: transparency vs. burden. BACKGROUND: The project involves a three-stage laboratory experiment to explore taxpayers' willingness to accept increased reporting...
  • Help! I’m on the IRS hit list

    09/20/2011 7:20:21 AM PDT · by Glenn · 37 replies
    The Globe and Mail ^ | Sep. 20, 2011 9:35AM EDT | MARGARET WENTE
    When my friend Brian told me the American tax police were after him, I thought he must be nuts. Brian is a worrier. He gets a little paranoid sometimes. “We haven’t filed a U.S. tax return in 20 years,” he said. “Now our accountant says we have to – or else.” Brian and his wife are from the States. He took out Canadian citizenship years ago. They’ve lived and worked in Canada for decades. They have no U.S. income or assets. They are 100-per-cent tax compliant – in Canada. “Forget about it,” I advised. “What could they possibly do to...
  • Bound to Past or Bound By Theories Of The Past

    09/10/2011 10:44:58 PM PDT · by Razzz42 · 3 replies
    Because the Supreme Court declared Marxism effectively unconstitutional in 1895, Congress set about carving out itself a new source of funding by altering the Constitution to circumvent the Supreme Court. In 1913, the 16th Amendment to the Constitution made the Marxism’s income tax a permanent fixture in the U.S. tax system. This 16th Amendment gave Congress the legal authority to tax income and then to imprison anyone who resisted. That decree opened the door to the escalating expansion of government put in place tyranny that not even former monarchs could get away with. The lack of term limits created a...
  • Policy Chart: Illinois Loses Most Jobs in the Nation

    08/24/2011 4:25:46 AM PDT · by Freeport
    Illinois Policy Institute | 8/19/2011 | N/A
    In a trend that continues to worsen, more Illinoisans found themselves unemployed in the month of July. Illinois lost more jobs during the month of July than any other state in the nation, according to the most recent Bureau of Labor Statistics report. After losing 7,200 jobs in June, Illinois lost an additional 24,900 non-farm payroll jobs in July. The report also said Illinois’s unemployment rate climbed to 9.5 percent. This marks the third consecutive month of increases in the unemployment rate. Illinois started to create jobs as the national economy began to recover. But just when Illinois’s economy seemed...
  • The 100% Tax

    08/07/2011 7:22:35 AM PDT · by christofortruth · 14 replies · 1+ views
    WWFT ^ | 8/7/2011 | ChristoForTruth
    When we usually speak of taxes we tend to personalize it. For all the hyper-morality we tend to wax fancy about on the macro level, taxes are the one thing we always seem to have to do a little philosophic double-take on. Messing with your money is messing with your own self, your own identity. Really, it is.Income tax, of course, effects most of us--but seemingly, unfortunately, never enough of us. Property tax is in the news every time the liberal sadists here throw a school levy up for vote. Usually we're all connected in some way to the guilt-fest,...
  • Democrats' Definition Of 'Fair'

    08/04/2011 6:20:24 PM PDT · by Kaslin · 19 replies
    IBD Editorials ^ | August 4, 2011 | Staff
    Class Warfare: The president has spoken incesantly about "shared sacrifice" and the importance of everyone paying his or her "fair share." Yet the people whose taxes he wants to raise already shoulder the biggest burden. Throughout the debt-ceiling debate, President Obama rode his talking points hard. He punctuated his lectures about deficits, the debt and the debt ceiling with demands that the debt he and the irresponsible members of Congress have rung up be paid for through a "shared sacrifice" of Americans who pay their "fair share." Senate Majority Leader Harry Reid, the Democrat from Nevada, worked in a variation...
  • (Maryland) Senate budget committee gets lesson in sales tax options

    07/27/2011 12:25:56 AM PDT · by Tolerance Sucks Rocks · 12 replies
    The Baltimore Sun ^ | July 26, 2011 | Julie Bykowicz
    A Senate committee listened Tuesday to the pros and cons of expanding Maryland's sales tax base to include more services, as well as goods purchased over the Internet. The Senate Budget and Taxation Committee spent the day in Annapolis receiving briefings on taxes, the federal debt ceiling, education funding and toll increases. Legislative committees meet occasionally between the 90-day General Assembly sessions. Tangible products, but few services, sold by Maryland retailers are taxed at 6 percent. This year, the sales tax is predicted to generate $4.2 billion, about 30 percent of the state's general fund revenue, according to the Department...
  • Is Recall of Democratic Senators an option to fix our country?

    07/22/2011 5:38:45 PM PDT · by topher · 15 replies
    Various | 7-22-2011 | Vanity
    There is what is going on Wisconsin where Unions are trying to "punish" good Republican state senators with recall efforts. There is also the phrase from the American Revolution: No Taxation without representation. Clearly our liberal Democratic US Senators want to tax people who do not want to be taxed. Obama used the ridiculous phrase that 80% of Americans really want new taxes. Right. What is Obama smoking this week or pills he is popping? In the case of Wisconsin, conservatives are upset about the recall effort. The reason: Governor Walker compaigned on the pledge that he would do away...
  • California Here We Go

    07/19/2011 4:00:11 PM PDT · by zippythepinhead · 18 replies
    Wisdom of Dave ^ | 07/19/2011 | Wisdom of Dave
    California, the Golden State is now experiencing an exodus of businesses both large and small as the state ranks 49 or 50 among the states in business friendly, depending on which study or article you read. But the common denominator is taxes, regulations, and litigation make doing business costly and difficult.
  • Tea Partier Whips Libs Silly on NBC News (VIDEO)

    07/14/2011 9:54:44 AM PDT · by JesseWatters · 15 replies
    FoxNation.com ^ | July 14 | Staff
    On Wednesday’s The Ed Show, MSNBC analyst and Bloomberg View columnist Jonathan Alter claimed that the "massive tax cuts" of the Bush administration did not create jobs, and went on to credit former President Clinton for the low unemployment rate existed for a time during the Bush years. He ended up lecturing fellow panel member Judson Phillips of Tea Party Nation that Tea Party activists would support President Obama’s budget plan if polled and that they are "not as obsessed with tax cuts as you are."
  • Are the Rich Undertaxed? The Democrats’ class-warfare rhetoric is too rich for most Americans.

    07/14/2011 9:17:42 AM PDT · by SeekAndFind · 27 replies
    National Review ^ | 07/14/2011 | Michael G. Franc
    Rarely has class-warfare rhetoric been so overwrought. Last week, Senate Majority Leader Harry Reid (D., Nev.) “explained” the GOP’s motive in withdrawing from stalled debt-ceiling negotiations this way: Why? To protect oil companies. To protect the owners of yachts and corporate jets. To protect corporations that ship jobs overseas. To protect millionaires and billionaires from paying their fair share. Sen. Sheldon Whitehouse (D., R.I.) fleshed out this explanation with a few specifics: When our Republican colleagues talk about defending against tax hikes, they are talking about . . . protecting the top 400 income earners in the country who, on...
  • Gasoline Taxes by State (get out while you still can)

    06/29/2011 1:38:01 PM PDT · by Fred · 90 replies · 1+ views
    Big Picture ^ | 062911 | Barrty Ritholtz
    Interesting map, showing what each state charges in taxes for gasoline, per gallon....
  • Bachmann Favors National Sales Tax

    06/13/2011 12:36:26 PM PDT · by RWK · 119 replies
    NewsMax ^ | 6/13/2011 | Martin Gould
    Prospective presidential candidate Michele Bachmann says she wants a national sales tax, but can’t vote for it because she believes Congress would just add it to the current income tax system. In a profile in The Wall Street Journal, Bachmann says she loves the FAIR tax proposal but just cannot bring herself to back it in the House. “If we were starting over from scratch, I would favor a national sales tax," the three-term Minnesota congresswoman says. But the reality is that if it were enacted, the chances are “we would end up with a dual tax, a national sales...
  • When Government Jumps the Shark

    06/13/2011 10:14:58 AM PDT · by Sherman Logan · 9 replies
    The American Interest ^ | June 10, 2011 | WALTER RUSSELL MEAD
    In my last post, I wrote about “Fanniegate“, the scandalous goings on by well connected Democrats that trashed the nation’s financial system. It was not that Republicans didn’t join the fun or that Republican malefactors of great wealth weren’t abusing the public trust in other ways. The moral and intellectual meltdown of the American elite is a robustly bipartisan affair and there is plenty of mud to throw at all sides. But Fannie Mae represents a special problem for the Democratic Party and Democratic ideas. It is not just a vitally important institution led by prominent Democratic figures and part...
  • GOP Attacks Bill That Would Ease Local Tax Votes

    06/13/2011 9:17:06 AM PDT · by EagleUSA · 5 replies
    Mercury News. com ^ | 6/13/2011 | Lien Hoang
    SACRAMENTO, Calif.—Now that Republican lawmakers have voted against a renewal of expiring tax hikes, Democrats are turning to another, more complex way to generate revenue. A bill proposed by state Senate President Pro Tem Darrell Steinberg and narrowly approved last week would dramatically expand the taxing powers of local governments, school boards and other jurisdictions. But the bill, SB23-1X, would lead to such a complicated latticework of taxes that opponents say Steinberg is merely pulling a stunt to ramp up pressure against Republican lawmakers. The Sacramento Democrat said his legislation would give public schools and law enforcement agencies a firmer...
  • From Seasonal Libertarianism To Long-Term Welfare

    05/31/2011 8:27:46 PM PDT · by AustralianConservative · 37 replies
    Weekend Libertarian ^ | June 1, 2011 | B.P. Terpstra
    Happy with high taxes America? Thank an unwed single mother! From The Heritage Foundation: In fact, roughly 75 percent of all families on welfare are single-parent families. With the number of unwed births skyrocketing over the last five decades (more than 40 percent of births in the United States today are to single moms), the cost of federal welfare has mushroomed. Currently, Washington operates more than 70 welfare programs at a cost edging toward $1 trillion annually. Yet poverty and government dependence aren’t the only problems connected to single-parent families. Children raised without fathers are at greater risk for a...
  • Rights and Responsibilities

    05/26/2011 6:44:54 AM PDT · by Tom Mullen · 10 replies
    Tommullen.net ^ | 5/25/2011 | Tom Mullen
    There is an old argument about rights that has enjoyed resurgent popularity in these days of “spreading the wealth around.” It is the assertion that while human beings undoubtedly have rights, they also have responsibilities. In fact, it is said that for every right there is a corresponding responsibility that is its complement. One should not be surprised that this line of reasoning appeals to statists of all varieties, because they see in it a way undercut rights and dress up their schemes of plunder and domination as “responsibilities.” However, it does not take the clear-thinking mind long to see...
  • Kamprad pledges Ikea 'transparency'

    05/18/2011 10:21:38 AM PDT · by WesternCulture · 14 replies
    www.thelocal.se ^ | 05/18/2011 | AFP/The Local
    Ingvar Kamprad, the founder of Swedish furnishings giant IKEA, has promised more transparency over the firm's business affairs, saying that it has nothing to hide after a slew of allegations in recent years. "We have nothing to hide. There is no pretension to hide anything. We are going to go through everything and show that we follow each country's laws and regulations," Ingvar Kamprad, the 85-year-old billionaire who founded IKEA in 1943, told the Expressen daily. "We will make ourselves more transparent," he said. Kamprad's comments came a few months after a documentary aired on Swedish public television, SVT, alleged...
  • Alliance tax cuts top 100 billion kronor (:Sweden - The light is coming from Scandinavia!)

    04/23/2011 11:38:55 AM PDT · by WesternCulture · 9 replies
    www.thelocal.se ^ | 04/23/2011 | TT/The Local
    I was born in Sweden 41 years ago and since 1988 I work there. Compared to when I begun my career, wages are much higher, prices have not gone up much and taxes are way lower. Recently, our economy has displayed GDP growth figures of 7.3%. Do we Scandinavians set an example for other nations? I think we do. Germany has recently begun listening to what Denmark, Norway, Finland and Sweden have to say in the area of economic policy and national budget discipline. One fine day, France, Italy, Britain, Japan and the US perhaps will too.. The article: "The...
  • Listen & Learn: El Rushbo's Tax Day Exegesis (4/18/11)

    04/20/2011 8:56:13 AM PDT · by EricTheRed_VocalMinority · 1 replies
    Vocal Minority via Rush ^ | 4/20/11 | EricTheRed
    On Monday (tax day!) Rush spent a good portion of the show talking about Obama's economically-illiterate and ideology-driven "tax the rich" speech as well as the DBF* media's equally illiterate and ideological tax day coverage, such as that from dinosaur left-wing propagandists Bob Schieffer and Christiane Amanpour Rush then lays out the facts about the distribution of income tax payment in the United States. Most important is his conclusion: The reason Obama and the hard left that have taken over the Democrat Party are so hell-bent on raising taxes on "the rich" is not to balance the budget, not to...
  • BOVARD: Uncle Sam’s big plans for your hard-earned tax dollars

    04/16/2011 8:32:26 PM PDT · by Tolerance Sucks Rocks · 9 replies
    The Washington Times ^ | April 14, 2011 | James Bovard
    Congratulations - your tax payment is probably your biggest purchase of the year. The federal tax burden now amounts to more than $20,000 per household, according to Internal Revenue Service data. Your contribution to the Treasury coffers will permit Uncle Sam to bankroll public services such as: * The subsidy for Amtrak to pay for empty seats on two-day train trips between Minot, N.D., and Wolf Point, Mont. * Less than a day’s pay for the chief of Fannie Mae, whose defaults have cost taxpayers scores of billions of dollars in recent years. * Seven AmeriCorps puppet shows for preschool...
  • US Federal Taxes by Income Level

    04/14/2011 10:04:04 AM PDT · by justlurking · 19 replies
    Congressional Budget Office ^ | 2010-06-07 | Congressional Budget Office
    Since Obama is starting up the "tax the rich" dogma again, I thought it was time to discuss exactly how much taxes the "rich" are paying. The Congressional Budget Office publishes a great deal of information about how the federal tax burden is distributed, and compiles all of it at the cited link. It provides data from 1979 to 2007, adjusted to 2007 dollars so that you can compare how it has changed, without worrying about inflation. However, I discovered that someone has taken all this information and created a series of graphs that make it much easier to understand:...
  • The Forgotten Tax Revolt of the 1930s

    04/15/2011 7:28:50 AM PDT · by Captain Kirk · 14 replies
    Wall Street Journal ^ | April 15, 2011 | David T. Beito
    Many historians depict the Great Depression as a turning point when bitter economic realities finally led the middle class to break from laissez-faire tradition and demand bigger government. This is not entirely untrue, but it's only part of what happened. In its initial phase, the Depression also spawned a powerful movement for smaller government that included tax revolts. These revolts were not only more widespread but often more extreme than any sponsored by the tea party. Depression-era taxpayers had perhaps even greater reason to be angry than their modern counterparts. Property values plummeted after 1929 but tax reassessments lagged. Overall,...
  • $ 38,500,000,000, 38.5 Billion Dollars

    04/10/2011 4:18:51 PM PDT · by BobNative · 11 replies
    Self Vanity | April 10, 2011 | Self
    As we consider the Federal FY 2011 Budget Compromise, I would like to put some Taxpayer dollars in some perspective. First of all let’s understand that there is no FY 2011 Budget. Thanks to Obama and the Congress, we are operating under a, don’t you just love political lingo, “Continuing Resolution(CR.)” Now let’s consider the $ 38,500,000,000 in spending cuts that may be made by April 15th. $ 38.5 Billion is an almost unimaginable amount to most Americans. However, we are told to believe that these are "draconian" cuts to the Federal FY 2011 CR. In perspective, the $ 38.5...
  • “Dhimmitude” and the Muslim Exemption

    03/27/2011 1:19:56 PM PDT · by EagleUSA · 9 replies
    Fact Check. Org ^ | 5/20/2010 | Jess Hennig
    FULL QUESTION Are Muslims exempted from the new health care law? Is any of the following chain e-mail true? Word of the Day: Dhimmitude Dhimmitude is the Muslim system of controlling non-muslim populations conquered through jihad. Specifically, it is the TAXING of non-muslims in exchange for tolerating their presence AND as a coercive means of converting conquered remnants to islam. The ObamaCare bill is the establishment of Dhimmitude and Sharia muslim diktat in the United States . Muslims are specifically exempted from the government mandate to purchase insurance, and also from the penalty tax for being uninsured. Islam considers insurance...
  • Higher taxes can't solve the deficit

    03/18/2011 2:33:05 AM PDT · by Scanian · 12 replies
    The American Thinker ^ | March 17, 2011 | Steve McCann
    In the ongoing battle between the fiscal conservatives and the liberal Democrats, there appears little chance of any meaningful movement toward fiscal sanity without the so-called ultimate weapon of a shutdown being employed. The conservative element of the Republicans in the House and Senate claim that only massive spending cuts can save the country from going off a financial cliff into bankruptcy. The Democrats counter that spending really isn't the problem -- the country can afford the spending and more; it is that the rich are not paying enough in taxes. That same argument is used in various state capitals...
  • Will You Ever Sell Your House (E-mail on ObamaCare tax in 2013)

    03/14/2011 3:46:23 PM PDT · by wac3rd · 23 replies · 2+ views
    E-mail ^ | 3-14-11 | Author unknown/GOP
    Did you know that if you sell your house after 2012 you will pay a 3.8% sales tax on it? That's $3,800 on a $100,000 home, etc. When did this happen? It's in the health care bill. Just thought you should know. SALES TAX TO GO INTO EFFECT 2013 (Part of HC Bill) Why 2013? Could it be to come to light AFTER the 2012 elections? REAL ESTATE SALES TAX So, this is "Change you can believe in?" Under the new health care bill - did you know that all real estate transactions will be subject to a 3.8% Sales...
  • Moment of Clarity: Madison Wild Wings

    03/04/2011 4:08:53 PM PST · by afraidfortherepublic · 13 replies
    Moment of Clarity ^ | 2-28-11 | Tim Nerenz
    In a response to my piece entitled, “Taxeaters”, a reader who favored progressive income taxation posed this question back to me: why shouldn’t the top 50% of income earners pay 96% of the taxes? My answer: for the same reason that they shouldn’t have to pick up 96% of the state’s collective bar tab. All knowledge builds upon what you know. That evening, I pondered his question some more and was inspired while enjoying a pub meal that Michelle Obama would ban if she could. And here is the problem with progressive income tax theory played out a fictional place...
  • The Miseducation of Morning Joe Viewers [Liberal Ignorance Abounds.]

    03/04/2011 8:56:22 AM PST · by 92nina · 2 replies
    ATR ^ | 2011-03-04 | Patrick Gleason
    The federal budget – whether it’s the continuing resolution to finish the current fiscal year or President Obama’s FY ’12 budget and the forthcoming counterproposal from House Republicans – remains the issue of the day in Washington and despite extensive debate, misinformation remains abound in the media. Yesterday on Morning Joe, co-host Mika Brzezinski and former Pennsylvania Gov. Ed Rendell volleyed calls for higher taxes. Brzezinski talked about the need to “spread the pain,” in reference to raising taxes on “the rich” (read: the majority of small business profits and workers). According to IRS data, here’s where “the pain” is...
  • Tobacco tax hike potentially headed to June ballot in California [Brown Wants Some Green.]

    03/03/2011 9:36:14 AM PST · by 92nina · 6 replies
    ATR ^ | 2011-03-02 | Patrick Gleason
    California is one of the most heavily taxed jurisdictions in the world. If that weren’t bad enough, for the next few months Golden State residents will have to deal with an annoying little man in tights pedaling around the state to stump for even higher taxes. Lance Armstrong, who recently retired from professional cycling to lobby full time for higher taxes, was in Los Angeles earlier this week for a press event with California state Senator Don Perata to announce the launch of a campaign to raise the state tobacco tax. A measure that would raise the cigarette excise tax...
  • Herman Cain To CPAC: 'Stupid People Are Ruining America' (VIDEO)

    02/12/2011 10:12:38 AM PST · by pissant · 24 replies
    TPM ^ | 2/12/11 | Jill Rayfield
    Former pizza chain CEO, tea partier and potential 2012 Republican presidential candidate Herman Cain closed out CPAC on day two, declaring that "the American Dream is under attack," and that "stupid people are ruining America." Cain said that the American Dream is being attacked by what he calls "the -ations" -- legislation, regulation, and taxation. He continued that Republicans need to repeal and replace health care reform, and also "throw out" the "messed up tax code" and replace it with a new system. The "objective of the liberals is to destroy America," he Cain continued, but "if you can get...
  • Your Life According To The Government

    02/12/2011 4:08:14 AM PST · by Zakeet · 7 replies
    Crush the Street ^ | February 12, 2011
    A depressing but highly accurate account of the live of the average Sheeple according to the all wise and powerful government found HERE.
  • California ranks 2nd in combined sales tax

    02/10/2011 7:28:25 AM PST · by freedombiz · 6 replies
    Orange County Register ^ | Feb. 10, 2011 | Jan Norman
    California has the nation’s highest statewide sales tax and second highest when combined with local levies, in the United States, according to a new report from the Tax Foundation. (California is one of three states (Utah and Virginia aren’t in the top 10) that levy a statewide, mandatory local sales tax, which the Tax Foundation combines in the state sales tax. Some other sources list California’s statewide rate as 7.25%.) Californians currently are paying an extra 1%, which is due to expire July 1, which would drop California to 8th on the Tax Foundation list. Gov. Jerry Brown wants the...
  • Rand Paul: A Modest $500 Billion Proposal

    02/07/2011 6:38:10 AM PST · by Zakeet · 40 replies · 1+ views
    Wall Street Journal ^ | February 7, 2011 | Rand Paul
    My spending cuts would keep 85% of government funding and not touch Social Security or Medicare. After Republicans swept into office in 1994, Bill Clinton famously said in his State of the Union address that the era of big government was over. Nearly $10 trillion of federal debt later, the era of big government is at its zenith. According to the Congressional Budget Office, this will be the third consecutive year in which the federal government is running a deficit near or greater than $1 trillion. The solution to the government's fiscal crisis must begin by cutting spending in all...
  • “Raising Arizona” and Socialist Dreamers

    01/13/2011 11:10:34 AM PST · by topcat54 · 19 replies
    American Vision ^ | July 26, 2005 | Gary DeMar
    In the movie Raising Arizona (1987), H.I. (Nicholas Cage), an ex-convict, and Edwina “Ed” (Holly Hunter), an ex-police officer, are a down-and-out married couple who desperately want a child. Unable to have a child of their own, they decide to take one from the Arizonas who just had quintuplets. According to the paper, it’s “more than they can handle.” H.I. reasons that since the Arizonas have so many and they don’t have any, taking one of five should not be an ethical problem. Their baby-snatching socialism is the beginning of their nightmare. If H.I.’s approach to possessions sounds familiar, you...
  • Tax Hike Hinged on Legislator with 1 Week of Experience

    01/13/2011 10:13:19 AM PST · by PBRCat · 5 replies
    The Chicago Daily Observer ^ | January 13, 2011 | Andy Shaw
    “She” is Kathy Moore, a Lincoln Park friend and former public school teacher who was put in that unenviable position by the stark reality of political hide-and-seek. Or, in this case, seek-and-hide. Her reliably Democratic 11th District, which includes Lincoln Park and Lakeview, elected a brand new state representative, Ann Williams, in November, to replace John Fritchey, a popular long-time rep who won election to a seat on the Cook County Board. Fritchey began his new job in December, so Williams could have been sworn in as a state rep a month ago to represent the district in the lame-duck...
  • Reuters Special Report: Is America the sick man of the globe?

    12/16/2010 6:53:23 AM PST · by Zakeet · 30 replies
    Reuters ^ | December 16. 2010 | Nick Carey
    Not long ago, if you wanted steak for lunch at the Texan Restaurant, less than two minutes drive from the Nexteer Automotive assembly plant, you had to be in the door by 11 o'clock in the morning. If you arrived any later, you joined a long line with other laggards and waited for a table to open up. With noon fast approaching on a recent day, however, only a handful of customers sat in one of the restaurant's two sections and the other was closed. Asked how the decline in the U.S. auto industry has affected the local economy,...
  • Many of the problems Americans face today are truly “taxing”

    12/14/2010 7:02:58 AM PST · by James H. Shott · 1 replies
    Liberty Ledger ^ | Dec. 14, 2010 | James H. Shott
    The US tax system is 13,400 pages of complicated gobbledy-gook that confuses nearly everyone who encounters it. Just ask Charlie Rangel, Tim Geithner, or Kathleen Sebelius. One of its most immoral features is the Death Tax that will, if President Barack Obama and Congressional Democrats have their way, confiscate 45 percent of estates of at least $3.5 million ($7 million for couples), despite the fact taxes have previously been paid on the assets of these estates. The federal government justifies this second taxing at one’s death because … well, because you died. But according to The Tax Foundation’s last poll,...
  • Dems show signs of abandoning Obama elsewhere after frustration with tax deal

    12/10/2010 8:40:42 AM PST · by pillut48 · 24 replies · 1+ views
    The Hill (h/t Jake Tapper on Twitter) ^ | 12/09/10 | Susan Crabtree
    Incensed over President Obama’s tax compromise, House Democratic leaders are showing signs of abandoning the administration and going their own way on critical issues such as national security. In a striking move, the appropriations committee late Wednesday attached a provision to a $1.1 trillion resolution to keep the government funded next year that would prevent Obama from spending any funds to try terrorism suspects in civilian court instead of military commissions. The language would essentially prevent the closing of the detainee prison at Guantanamo Bay. Some House Democrats viewed the move as an act of defiance and a direct demonstration...
  • Obama's Attack on American Principles

    11/19/2010 7:17:18 PM PST · by kathsua · 4 replies
    Town Hall ^ | 11/19/10 | Philip Mella
    Those attentive to the unsubtle comments by our president concerning wealth redistribution, might recall the shocking glimpse he gave us into his kingdom where liberalism reigns unchallenged: At some point, you’ve made enough money. This article of liberal faith ought to be enshrined in graduate school economics text books because it succinctly captures the left’s twisted belief that the government has a right of first refusal on the income we earn. The left’s arguments in support of a taxation horizon that never recedes have worn deep and tiresome ruts in our civic landscape. Common sense approaches to a restrained tax...
  • Listen & Learn: Mark Levin on the Federal Gov't Incessant Overreach and Overtaxation (11/17/10)

    11/19/2010 2:40:07 PM PST · by EricTheRed_VocalMinority · 1 replies · 1+ views
    Vocal Minority via Mark Levin ^ | 11/19/10 | EricTheRed
    On Wednesday's first hour, Mark was on a roll, discussing Obama and the lame duck Congress's last ditch effort to pull out all the stops - and czars and agencies - and push as much regulation and taxation down our throats until it's filling up our intestines and coming out our tuchases: Tax increases, cap and tax, tax increases, amnesty (oh excuse me, path to citizenship) for illegals so they can vote for you-know-who in the 2012 election, and tax increases. Did I mention tax increases "For what?" Mark asks. To satisfy the federal government's insatiable appetite for spending your...
  • Low-tax states will gain seats, high-tax states will lose them

    11/17/2010 1:11:27 PM PST · by kingattax · 7 replies · 2+ views
    Washington Examiner ^ | 11/17/10 | Barbara Hollingsworth
    Migration from high-tax states to states with lower taxes and less government spending will dramatically alter the composition of future Congresses, according to a study by Americans for Tax Reform Eight states are projected to gain at least one congressional seat under reapportionment following the 2010 Census: Texas (four seats), Florida (two seats), Arizona, Georgia, Nevada, South Carolina, Utah and Washington (one seat each). Their average top state personal income tax rate: 2.8 percent. By contrast, New York and Ohio are likely to lose two seats each, while Illinois, Iowa, Louisiana, Massachusetts, Michigan, Missouri, New Jersey, and Pennsylvania will be...
  • Voters Reject a VAT (Step Away From Value-Added Anything.)

    11/09/2010 11:17:49 AM PST · by Andrea19 · 6 replies
    ATR ^ | 11/8/10 | Ryan Ellis
    Now that the dust has settled from the great election tsunami of 2010, it's worth looking at some of the under-the-radar issues. One of these is public support for a value-added tax (VAT). According to exit polling conducted by Kellyanne Conway's the polling company, inc./WomanTrend, a super-majority of voters oppose an add-on VAT: 63 percent of voters were opposed to a VAT, including 48 percent strongly opposedA majority of every demographic (age, race, ethnicity, education level, gender, region, parental status, and marital status) opposed a VATAll income levels opposed a VAT, with the strongest opposition (68 percent) coming from families...
  • Cities Weigh Letting Noncitizens Vote

    10/25/2010 11:58:05 AM PDT · by chickadee · 34 replies
    Fox News ^ | 10/25/10
    Portland residents will vote Nov. 2 on a proposal to give legal residents who are not U.S. citizens the right to vote in local elections, joining places like San Francisco and Chicago that have already loosened the rules or are considering it. Noncitizens hold down jobs, pay taxes, own businesses, volunteer in the community and serve in the military, and it's only fair they be allowed to vote, Rwaganje said. "We have immigrants who are playing key roles in different issues of this country, but they don't get the right to vote," said Rwaganje, 40, who moved to the U.S....
  • ‘Liar!’ Obama & Progs Set to Raise Taxes on $40K Earners

    10/10/2010 7:01:22 AM PDT · by unspun · 8 replies
    Gulag Bound ^ | October 10, 2010 | the Bound
    Perhaps it is now a trend. People have been shouting "You lie!" and "Liar!" at the Barack Obama a.k.a., Barry Soetoro, a.k.a., the PINO - President in Name, Only (going back in time: here, here, & here.) How many lies does it take, to be a liar? Visit the unofficial "Obama Lies Directory," though reading through it all may wreck your plans for the day. Obama has repeatedly stated he will not be a party to raising taxes on individuals who earn less than $250K per year (or was it $200K? $100K?). This chart, from Wall Street Journal Online's October...