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Keyword: taxes

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  • CEOs rate California dead last for business, again

    05/10/2012 12:14:05 AM PDT · by Mark Landsbaum · 11 replies
    Orange County Register ^ | 5-10-2012 | The Orange County Register Editorial Board
    It was alarming the first three or four times California was ranked last among 50 states for business environment. Now, Chief Executive magazine's annual ranking, based on a survey of 650 chief executives on taxation, regulation, workforce quality and living environment, again places California dead last, 50th of 50 – for the eighth year in a row. Eight years in a row ceases to be alarming. It now is a defining status. ...In magazine’s CEO survey, state “appears to slip deeper into the ninth circle of business hell.” ...
  • Taking Someone Else's Money

    05/09/2012 12:08:40 PM PDT · by 92nina
    Cost of Government Center ^ | 2012-05-08 | [Staff]
    With French voters electing a Socialist presidential candidate who campaigned on an anti-austerity platform, the size of government has truly evolved into a global, and not just American, vote-moving issue. However, we should call “austerity” policies by their true name—fiscal responsibility. Many economists agree that when a country’s debt reaches 90 percent of GDP, serious economic contraction occurs that can persist for decades. This 90 percent is often called the danger zone. Greece, the paradigm for fiscal conservatives around the world, had debt to GDP ratio of 165.4 percent in 2011. The word austerity conjures up images of Ebenezer Scrooge,...
  • California stinks, say CEOs. Hey, what do they know?

    05/09/2012 11:30:03 AM PDT · by Mark Landsbaum · 23 replies
    For the eighth year in a row California is ranked at the absolute bottom of 50 states for business, according to Chief Executive magazine. What do they know? The esteemed Gov. Jerry Brown says California’s just swell for business. Well, OK, Jerry isn’t and hasn’t been a CEO and this is an annual poll of chief executive officers who run actual businesses. He’s a politician and a “progressive.” Did we mention it’s been eight years in a row that California finished dead last? ...
  • Environmental groups collecting millions from federal agencies they sue, studies show

    05/08/2012 6:52:15 PM PDT · by tobyhill · 12 replies
    Fox News ^ | 5/8/2012 | By Joshua Rhett Miller
    Deep-pocketed environmental groups are collecting millions of dollars from the federal agencies they regularly sue under a little-known federal law, and the government is not even keeping track of the payouts, according to two new studies. Under the Equal Access to Justice Act, or EAJA — which was signed into law by President Carter in 1980 to help the little guy stand up to federal agencies — litigants with modest means who successfully show government agencies wronged them can get their legal fees back from the taxpayer. But the act also covers 501(c)(3) nonprofits, including environmental groups that aggressively sue...
  • Pending settlement rekindles long, sometimes-contentious tenure of fired county employee

    05/09/2012 6:14:52 AM PDT · by redreno
    Las Vegas Sun ^ | Wednesday, May 9, 2012 | 2 a.m. | By Joe Schoenmann (contact)
    The nearly $500,000 county commissioners say they are likely to approve as settlement in a wrongful termination lawsuit will dredge up more than scarce taxpayer dollars. It will serve as a reminder of the Byzantine, sometimes Machiavellian, way of county politics. The lawsuit stems from the firing of Terry Lamuraglia in 2008 as assistant director of Clark County’s Parks & Recreation Department. He claimed his boss, then-director Leonard Cash, didn’t like the fact that Lamuraglia refused to discriminate against a gay manager in the department. Cash said Lamuraglia was fired because of his plan to leave some 90 parks unguarded...
  • Vikings stadium bill differences in House, Senate

    05/09/2012 4:35:20 AM PDT · by TurboZamboni · 23 replies
    pioneer press ^ | 5-9-12 | doug belden
    After seven hours of debate Tuesday, May 8, here are the key differences between the Senate bill and what the House passed the night before. Debate in the Senate began about 1 p.m. Tuesday and was hitting its stride by 8 p.m. when this list was compiled. A number of amendments to the Senate version were still pending.
  • Europe’s Failed ‘Austerity’ (Krugman's Tax hikes now and reform later haven’t worked there)

    05/09/2012 4:33:22 AM PDT · by SeekAndFind · 2 replies
    National Review ^ | 05/09/2012 | Michael Tanner
    In the wake of French and Greek elections last weekend, the backlash against European austerity is now in full swing. Meanwhile, in the U.S., advocates of big government are insisting that the European debacle proves we must reverse our efforts to reduce debt and deficits. After all, Paul Krugman writes in the New York Times, “claims that slashing government spending would somehow encourage consumers and businesses to spend more have been overwhelmingly refuted by the experience of the past two years.” Given Europe’s continued slow growth, Professor Krugman might have an argument to make — if there actually had been...
  • Environmental groups collecting millions from federal agencies they sue, studies show

    05/08/2012 3:05:10 PM PDT · by Sopater · 8 replies
    Fox News ^ | May 08, 2012 | Joshua Rhett Miller
    Deep-pocketed environmental groups are collecting millions of dollars from the federal agencies they regularly sue under a little-known federal law, and the government is not even keeping track of the payouts, according to two new studies. Under the Equal Access to Justice Act, or EAJA — which was signed into law by President Carter in 1980 to help the little guy stand up to federal agencies — litigants with modest means who successfully show government agencies wronged them can get their legal fees back from the taxpayer. But the act also covers 501(c)(3) nonprofits, including environmental groups that aggressively sue...
  • Double whammy tax bite set for November?

    05/08/2012 11:16:18 AM PDT · by Mark Landsbaum · 2 replies
    What’s worse than dueling tax increases appearing on the November ballot? How about, dueling tax increases that find a “cooperative” way to work together on the November ballot...
  • Vikings stadium plan gets Minnesota House approval

    05/08/2012 8:00:08 AM PDT · by ConservativeStatement · 31 replies
    Sports Network ^ | May 08, 2012
    Minneapolis, MN – The new stadium plan for the Minnesota Vikings has received approval from the state's House of Representatives. After passing by a margin of 73-58, the proposal will next move to the state Senate. "It's the first hurdle, a couple more to go, but we're really excited," said Vikings vice president Lester Bagley.
  • Tax Rates On Dividends Are Going To Explode, And The Market Is Punishing Dividend Stocks

    05/08/2012 6:40:00 AM PDT · by SeekAndFind · 5 replies
    Business Insider ^ | 05/08/2012 | Joe Weisenthal
    If you haven't seen it, here's an eye opening chart from Goldman's Alec Phillips: Goldman Sachs For top earners, the tax rate on dividends is going to hit 43.4% if there are no changes in the current law. There are many layers to this whole "fiscal cliff" drama. The spending cuts are just one, but the potential hits to the economy are numerous, and this is just one example. Ultimately, says Philips: The most likely scenario in our view is an extension of these investment-related tax rates along with other expiring tax provisions into mid-2013, at which point broader reform...
  • Obama would enable a nation of Julias

    05/08/2012 6:24:01 AM PDT · by 2ndDivisionVet · 20 replies
    The Columbia Daily Tribune ^ | May 7, 2012 | Rich Lowry
    In the competition for the creepiest campaign material of 2012, we might already have a winner. It is "The Life of Julia," the Obama re-election team's cartoon chronicle of a fictional woman who is dependent on government every step of her life. The phrase "cradle-to-grave welfare state" originated with Clement Attlee's socialist government in post-World War II Britain. Back then, it was meant as a boastful description of a new age of government activism. Subsequently, it became a term of derision for critics of an overweening government. In the spirit of Attlee, the Obama campaign revives the concept of "cradle...
  • The campaign is underway. What do you think Obama’s bragging about? Obamacare? Not exactly…

    05/07/2012 4:33:06 PM PDT · by Mark Landsbaum · 7 replies
    In case you missed it, the presidential campaign is underway. How do we know? That’s a good point, actually, because the incumbent has been campaigning non-stop ever since his last campaign ended. But TV ads are rolling out, so this must indicate a new phase, at least, if not the starting point. What, you may ask, is President Barack Obama pointing to as his great accomplishment? First, ask yourself . . .
  • Investigating the IRS: Why it gives billions to illegal immigrants (Tax loophole cost billions)

    05/07/2012 2:02:08 PM PDT · by DogByte6RER · 11 replies ^ | April 26, 2012 |
    Investigating the IRS: Why it gives billions to illegal immigrants INDIANAPOLIS - Why are many illegal immigrants getting a bigger tax refund than you? Blame it on the IRS and a massive tax loophole that's now being exposed by Eyewitness News. 13 Investigates has found the IRS is giving away your tax dollars to illegal workers and people who don't even live in the United States - and the problem is costing billions! We want you to see exactly where your money is going and why the IRS is allowing it to happen. From the homes of illegal workers in...
  • Taxes: the best and worst of times, and …

    05/07/2012 1:47:16 PM PDT · by Mark Landsbaum · 2 replies
    There’s good news today. And bad. Both have to do with taxes, that bane of civilization in which some men decide other men must part with their money, mostly to spend on what some men have deemed to be more important than what the other men, the ones who earned the dough, may have in mind. If you missed our column Sunday on the ruckus over Apple minimizing its tax bite, you can read it here...
  • $4.2 Billion in fraudulent tax returns for 2 Million Illegals

    05/07/2012 1:04:22 PM PDT · by Tenacious 1 · 17 replies ^ | 4/29/12 | Bob Segal
    Millions of illegal immigrants are getting a bigger tax refund than you. Eyewitness News shows a massive tax loophole that provides billions of dollars in tax credits to undocumented workers and, in many cases, people who have never stepped foot in the United States. And you are paying for it! Each spring, at tax preparation offices all across the nation, many illegal immigrants are now eagerly filing tax returns to take advantage of a tax loophole, using their ITIN numbers to get huge refunds from the IRS. The loophole is called the Additional Child Tax Credit. It's a fully-refundable credit...
  • Obama Orders IRS to refund 'Illegal Aliens' $4.2 billion, While Asking the Rich....

    05/07/2012 7:56:55 AM PDT · by yoe · 31 replies
    (Loophole.)(4 Billion a year)(video)(Illegal Aliens Getting Bigger Tax Refund Checks?)
  • "OKALOOSA ISLAND" Something To See

    05/06/2012 4:10:14 PM PDT · by Yosemitest · 55 replies
    experience and "" ^ | Saturday, May 6, 2012 | Yosemitest
    Are you tired of paying the high taxes of California, and watching the idiots in your State and Local Government squander your hard earned money? There are other places to live. And you should check them out. Think about it. Don't continue to be their slaves. MOVE! There are other areas to live, but California people love the beach, and at the Florida Panhandle, the water is warm.
  • Will lawmakers act to close tax loophole for illegal immigrants?

    05/06/2012 3:55:55 PM PDT · by BradtotheBone · 10 replies
    WTHR.Com ^ | Apr 30, 2012 9:03 AM CDT | Bob Segall
    INDIANAPOLIS - Congressman Dan Burton (R – Ind) is frustrated – very frustrated – after learning the details of an Eyewitness News investigation. "Why in the world are we doing this?" he asked. "Are you kidding me? The cost to the American tax payer is huge!" The veteran lawmaker is responding to what 13 Investigates discovered all across Indiana: illegal immigrants getting big tax refunds from the Internal Revenue Service thanks to a loophole in federal law. MORE: Tax loophole costs billions The loophole allows undocumented workers to collect what's called an additional child tax credit. The credit – up...
  • Should taxes take bigger bite of Apple?

    05/06/2012 12:57:18 PM PDT · by Mark Landsbaum · 21 replies
    Orange County Register ^ | 5-6-2012 | Mark Landsbaum
    Unlike the government (and unlike the New York Times), we come to celebrate Apple, not to bury it. The Times' recent headline about the Cupertino-based computer company was, "How Apple Sidesteps Billions in Taxes." A couple of obvious conclusions may be drawn. Either, this is shameful. Or, this is admirable. You can read the Times story and draw your own conclusion about that paper's conclusion. You can find it here. However, there are a few tell-tale signs that tip the Times' hand. Here's one: . . .
  • Why College Aid Makes College More Expensive

    02/25/2012 1:27:00 PM PST · by grundle · 13 replies · 2+ views ^ | FEBRUARY 24, 2012 | JACK HOUGH
    New research shows how federal spending on higher education can backfire.Federal aid for students has increased 164% over the past decade, adjusted for inflation, according to the College Board. Yet three-quarters of Americans and even a majority of college presidents see college as unaffordable for most, and that sentiment has been steadily spreading, the Pew Research Center reports. Two new studies offer clues on why. One measures the degree to which some colleges reduce their own aid in response to increased federal aid. The other suggests federal aid is helping to push college costs higher.Recipients of federal Pell Grants have,...
  • If Obama wins, what would he do in a second term?

    05/04/2012 8:09:31 PM PDT · by Innovative · 115 replies
    Washington Post ^ | May 4, 2012 | Ezra Klein
    "In a second term," Mitt Romney darkly warned in a speech to the National Rifle Association last month, President Obama "would be unrestrained by the demands of reelection." ...His only specific prediction was that Obama would "remake" the Supreme Court. .... At the end of 2012, we'll face what Federal Reserve Chairman Ben Bernanke calls "the fiscal cliff": The Bush tax cuts are set to expire, the $1.2 trillion in automatic spending cuts initiated when the deficit "supercommittee" failed to reach a deal are set to begin, we're expected to hit the debt ceiling again, and many other programs and...
  • Latasha Jackson pleads guilty in child care fraud case

    05/04/2012 6:59:36 PM PDT · by 2ndDivisionVet · 7 replies
    The Milwaukee Journal Sentinel ^ | May 4, 2012 | John Diedrich
    The woman who built a mansion in Menomonee Falls and bought a Jaguar while collecting roughly $3 million in taxpayer subsidies from her Milwaukee child care centers pleaded guilty in federal court Friday. Latasha Jackson, who now is listed as Latasha Wilder, had admitted to committing fraud, theft and conspiracy. She faces up to 35 years in prison, but is likely to get far less time under federal guidelines. Sentencing is Aug. 31. Jackson, 34, admitted she defrauded state and federal programs designed to help poor mothers go to work. Regulators ignored red flags for 10 years that she could...
  • Yachtzee

    05/04/2012 6:07:41 PM PDT · by Vob · 3 replies ^ | May 04, 2012 3:13 PM | Matt Algarin
    After resigning his position Tuesday for purchasing a $710,000 Marquis Yacht with bed tax money, new developments continued to emerge, as the OCSO in conjunction with the Northwest Florida Mortgage Fraud Task Force issued an arrest warrant for the 52-year-old Bellinger Friday morning. According to a Friday morning press release, an ongoing investigation by the sheriff’s office revealed that Bellinger used TDC funds to purchase his $747,000 home in August 2011. It also shows that some of the funds used might have come from money provided to the TDC by BP following the 2010 Deepwater Horizon oil spill.
  • DC City Council Pushes for Higher Taxes on Consumers

    05/04/2012 8:17:58 AM PDT · by 92nina · 8 replies
    ATR ^ | 2012-05-03 | Patrick Gleason
    Despite the fact that economists across the political spectrum concede that economic expansion is a more advantageous approach to raising revenue than raising tax rates, some members of the DC City Council are pushing forward with a job-killing tax hike even though Mayor Gray has provided a sensible alternative that would loosen restrictions pertaining to when businesses can stay open and stores can sell alcohol. Instead, Councilman Jim Graham wants to put the screws to the District’s small businesses by hiking the city’s liquor tax. The results of such a hike would be disastrous for employers, consumers, and jobseekers alike....
  • This is What Hypocrisy Looks Like

    05/03/2012 2:38:29 PM PDT · by afraidfortherepublic · 5 replies
    Lasee's Notes ^ | 5-3-12 | WI State Sen. Frank Lasee
    Meet the recallers. They've developed a powerful antibody to shame. Over the next 29 days, state and local governments will pay $17 MILLION because the left didn’t get their way. It's a funny coincidence that some of the people that signed the recall petitions just happen to owe over $17 MILLION in back taxes and that's only part of the recall list! Have you ever had your lawn get away from you for a while? Maybe your kids have a dance recital or you have family coming into town and you just didn’t have the time to mow it? Eventually,...
  • NBC: Tax loophole costs billions

    05/03/2012 11:12:51 AM PDT · by Beave Meister · 34 replies
    NBC ^ | 4/26/2012 | Bob Segall
    Millions of illegal immigrants are getting a bigger tax refund than you. Eyewitness News shows a massive tax loophole that provides billions of dollars in tax credits to undocumented workers and, in many cases, people who have never stepped foot in the United States. And you are paying for it! Note: This is part one in a two-part series. Read part two here. INDIANAPOLIS - Inside his central Indiana office, a longtime tax consultant sits at his desk, shaking his head in disbelief. "There is not a doubt in my mind there's huge fraud taking place here," he said, slowly...
  • 'Crocodile Dundee' star Paul Hogan ends tax battle (only $156 million)

    05/02/2012 4:35:24 PM PDT · by Libloather · 25 replies
    Yahoo ^ | 5/01/12
    'Crocodile Dundee' star Paul Hogan ends tax battleAssociated Press – Tue, May 1, 2012 SYDNEY (AP) — "Crocodile Dundee" star Paul Hogan has resolved his seven-year battle with Australian tax authorities over alleged unpaid taxes dating back to his first international hit movie in the 1980s. Hogan and his friend and producer John Cornell said through their lawyer, Andrew Robinson, on Monday that the pair had reached a settlement with tax authorities to resolve more than 150 million Australian dollars ($156 million) in alleged unpaid taxes and penalties.
  • California falls even shorter of tax revenue goals. Who would have guessed?

    05/02/2012 10:08:11 AM PDT · by Mark Landsbaum · 17 replies
    Hey, who would have guessed? California’s tax revenue is now about $3 billion short of what that great prognosticator Gov. Jerry Brown estimated, says the independent Legislative Analyst’s Office. And Brown back in January estimated the deficit gap to be about $9 billion. And since then, he’s said it will grow even more. . .
  • Class Warfare Is Being Used To Divide America - And It Is Working

    05/02/2012 8:45:26 AM PDT · by SeekAndFind · 2 replies
    The Economic Collapse ^ | 05/01/2012 | Michael Snyder
    At a time when America desperately needs to come together, we are becoming more divided than ever. The mainstream media and most of our politicians love to pit us against one another in dozens of different ways, and right now class warfare has become one of their favorite tools for getting us to hate one another. If you are struggling in this economy, you are being told that "the wealthy" are the cause of your problems. If you have money, you are being told that the poor hate you and want to tax you into oblivion. Class warfare has already...
  • The 'Buffett Rule' Should Be Known As The 'Buffett Ruse'

    05/02/2012 6:34:51 AM PDT · by SeekAndFind · 10 replies
    IBD ^ | 05/02/2012 | REP. CHUCK FLEISCHMANN
    President Obama insists his so-called "Buffett Rule" — which cannot even pass the Democrat-controlled Senate — is a serious proposal, not just an election-year gimmick. Let's consider the facts. If enacted, the IRS would take 30% of every dollar earned by a targeted subset of the population — in this case, people earning more than $1 million per year. We're told this is necessary because highly successful Americans just aren't pulling their weight or paying their fair share. This line of reasoning begs the question: Is it fair for the IRS to take 30% of anyone's paycheck? Keep in mind...
  • Higher Cigarette Taxes Drove Smokers To Pipe Tobacco & Cigars

    05/02/2012 4:47:14 AM PDT · by SoFloFreeper · 24 replies
    The Consumerist ^ | 4/18/12 | Chris Morran
    Among the intended goals of higher taxes on cigarettes is that some smokers will quitrather than dealwith the increased cost. While this may happen, newly released numbers show that taxing cigarettes also drove up the sales of forms of tobacco that are taxed at lower rates. The Children's Health Insurance Program Reauthorization Act (CHIPRA) of 2009 increased and equalized federal excise tax rates for cigarettes, roll-your-own tobacco, and small cigars. It also increased the tax rates on pipe tobacco and cigars, but not to the levelof theother items.
  • Citi: The Fiscal Cliff Is 'SO RIDICULOUSLY LARGE'

    05/01/2012 5:43:13 AM PDT · by blam · 67 replies
    TBI ^ | 5-1-2012 | Joe Weisenthal
    Citi: The Fiscal Cliff Is 'SO RIDICULOUSLY LARGE' Joe Weisenthal May 1, 2012A quick paragraph from Citi's Steven Wieting which we found amusing, the gist of which is basically: The fiscal cliff coming in 2012 is so big, it's good, because it will have to get fixed.The size of the so-called fiscal cliff at year end, which would unwind a decade’s worth of tax cuts and temporary income supports, is so “ridiculously” large relative to near- term growth prospects that markets may take some comfort in its scale. As Fed Chairman Bernanke warned Congress, the Fed would have “no chance”...
  • Apple, the tax-dodger? We certainly hope so. You should too.

    04/30/2012 1:46:10 PM PDT · by freedombiz · 12 replies
    ORANGE COUNTY REGISTER ^ | 4-30-12 | Mark Landsbaum
    The New York Times reported Apple “paid cash taxes of $3.3 billion around the world on its reported profits of $34.2 billion last year, a tax rate of 9.8%.” Further more, Apple’s federal tax bill likely would have been $2.4 billion higher last year without these moves, says the Times. The fact remains Apple paid less tax than it would have otherwise had it not moved operations to low- or no-tax jurisdictions. Good for Apple. Wouldn’t it be wonderful if we all had the same flexibility?
  • Apple, the tax-dodger? We certainly hope so. You should too.

    04/30/2012 12:05:13 PM PDT · by Mark Landsbaum · 5 replies
    he New York Times disapprovingly writes that Apple avoids billions of dollars in taxes each year. And this is a bad thing? The New York Times reported Apple “paid cash taxes of $3.3 billion around the world on its reported profits of $34.2 billion last year, a tax rate of 9.8%. . . .
  • The good, bad and ugly in California

    04/29/2012 2:11:53 PM PDT · by Mark Landsbaum · 4 replies
    Orange County Register ^ | 4-29-2012 | Mark Landsbaum
    Prison crowding seems to be improving, but the bullet train still lives and Gov. Brown still pursues billions more from an overtaxed populace. . . .
  • How Apple Sidesteps Billions in Global Taxes

    04/28/2012 3:38:31 PM PDT · by Oldeconomybuyer · 31 replies
    New York Times ^ | April 28, 2012 | by Charles Duhigg
    RENO, Nev. — Apple, the world’s most profitable technology company, doesn’t design iPhones here. It doesn’t run AppleCare customer service from this city. And it doesn’t manufacture MacBooks or iPads anywhere nearby. Yet, with a handful of employees in a small office here in Reno, Apple has done something central to its corporate strategy: it has avoided millions of dollars in taxes in California and 20 other states. Apple’s headquarters are in Cupertino, Calif. By putting an office in Reno, just 200 miles away, to collect and invest the company’s profits, Apple sidesteps state income taxes on some of those...
  • California budget deficit grows deeper

    04/27/2012 11:08:55 AM PDT · by Mark Landsbaum · 9 replies
    The Orange County Register ^ | 4-27-2012 | The Orange County Register Editorial Boarad
    Gov. Jerry Brown is scheduled to issue a revised state budget within the next two weeks, so it probably came as bad news that revenue now will be "a few billion dollars" shy of the governor's previous budget projections through June 2013. That means the $9.4 billion shortfall Mr. Brown already expected will be considerably worse. . . .
  • Court Tosses Out Unconstitutional Internet Tax in Illinois

    04/27/2012 9:52:52 AM PDT · by 92nina · 9 replies
    ATR ^ | 2012-04-26 | Kelly William Cobb
    Back in March of last year, Illinois joined a small cadre of states putting a new tax on online sales into law. Backed by Gov. Quinn (D-Ill.), the law was designed to force out-of-state retailers who advertise in Illinois to collect and pay sales taxes. Yesterday, however, a Cook County Circuit judge rightly ruled the law violated the Commerce Clause of the U.S. Constitution. The Supreme Court ruled in 1992 that states can not force out-of-state companies to collect and fork over sales taxes levied on in-state consumers, unless they have a physical presence in the state. That landmark case,...
  • Ohio Governor Reacts Appropriately to Liberal Media Inquiry

    04/27/2012 7:12:27 AM PDT · by Mechanicos · 34 replies
    Flopping Aces ^ | April 26, 2012 | Curt
    Hot on the heels of President Subprime McDowngrade’s visit to Ohio — during which he attempted to take credit for Gov. John Kasich’s stunningly successful fiscal record — comes the obvious question from a reporter. Obvious, that is, if you’re a liberal Statist hack. The governor’s reaction is priceless.
  • (LMAO ... Cindy Sheehan vs. the I.R.S) Peace has a day in Court

    04/26/2012 9:54:03 PM PDT · by DogByte6RER · 17 replies
    Cindy Sheehan's Soapbox ^ | Saturday, April 21, 2012 | Cindy Sheehan
    Peace has a day in Court For those of you who know me and have been following my story, you know that part of my resistance to the US Empire is my refusal to pay income taxes. This morning (April 19th), a new episode unfolded in my ongoing struggle with the IRS and the Empire the agency is nestled in. I was subpoenaed to appear in the 9th Circuit court of the US Federal Court system in Sacramento, California—my state’s capitol. For background, I have had two meetings with the IRS agent assigned to my case where I expressed to...
  • Maryland special session goals conflict

    04/26/2012 7:20:51 PM PDT · by Tolerance Sucks Rocks · 2 replies
    The Washington Times ^ | April 25, 2012 | David Hill
    With the Maryland General Assembly looking toward two possible special sessions this year, some lawmakers are calling for an expanded agenda to address long-term transportation funding. Gov. Martin O'Malley and House leaders have made clear that they want to devote a May special session exclusively to passing new revenue and income-tax increases to supplement a $35.4-billion budget that currently includes more than $500 million in cuts because of the assembly’s failure to pass a revenue package during the regular session. Mr. O'Malley, a Democrat, said Tuesday that is his only priority for a May special session. Other proposals would have...
  • Vacation backlash: Blue collar Dems jealous, angry at Obamas

    04/26/2012 1:39:25 PM PDT · by MissesBush · 29 replies
    Washington Examiner ^ | 04/26/2011 | Paul Bedard
    Blue collar Democratic voters, stuck taking depressing “staycations” because they can’t afford gas and hotels, are resentful of the first family’s 17 lavish vacations around the world and don’t want their tax dollars paying for the Obamas’ holidays, according to a new analysis of swing voters. “They view everything through their own personal situation and if they can’t afford to do it, they can’t enjoy it, they don’t like Obama using their tax dollars to benefit himself,” said pollster John McLaughlin. “In this case, they see him as out of touch. While they are struggling he’s not sharing in that...
  • Terrific: Senate Dems offset cost of student loan bill with higher taxes on small business

    04/26/2012 10:16:20 AM PDT · by SeekAndFind · 25 replies
    Hotair ^ | 04/26/2012 | Morgan Richmond
    Let the games begin. With Romney expressing his support earlier this week for extending the freeze in student loan interest rates, defusing this as a wedge issue just as the President was embarking on his college tour, Democrats in the Senate have decided to counter with, what else, the class warfare card. Via Bloomberg (emphasis added): Senate Democrats and the White House are seeking a one-year freeze in the interest rate. The $6 billion cost would be offset by limiting a tax provision that allows some owners of so-called S-corporations to avoid paying Medicare payroll taxes on their earnings, Senator...
  • O’Malley pushes two sessions on Maryland revenue, gambling issues

    04/25/2012 8:57:47 PM PDT · by Tolerance Sucks Rocks · 2 replies
    The Washington Times ^ | April 24, 20112 | David Hill
    ANNAPOLIS — Gov. Martin O'Malley emerged Tuesday from a much-anticipated meeting with the state’s two leading lawmakers and revealed that he is not only leaning toward calling a special session, but he might even call two of them. Mr. O'Malley, a Democrat, said he hopes to bring the General Assembly back into session by mid-May so legislators can pass a set of tax and revenue increases to erase $512 million in cuts that were put into place when the assembly adjourned April 9. The governor said he wants to focus strictly on finances and hold off on debating a gambling...
  • Rep. West: Obama aiming 'tax weapons of mass destruction' at Americans

    04/25/2012 5:47:08 PM PDT · by Libloather · 10 replies
    The Hill ^ | 4/25/12 | Pete Kasperowicz
    Rep. West: Obama aiming 'tax weapons of mass destruction' at AmericansBy Pete Kasperowicz - 04/25/12 06:43 PM ET Freshman Rep. Allen West (R-Fla.) on Wednesday evening likened President Obama's preference for higher tax rates to "tax weapons of mass destruction" that Obama is aiming straight at middle Americans. "Although he has never served our country in uniform, or risked his life to defend its freedoms and liberties on distant shores, it seems President Obama understands a thing or two about weaponry," West said on the House floor. "But in the president's case … the current weapon of choice is tax...
  • Rising Interest on Federal Debt | Don’t Double My Rates

    04/25/2012 3:26:43 PM PDT · by NaturalBornConservative · 3 replies
    Natural Born Conservative ^ | April 25, 2012 | Larry Walker, Jr.
    Hey, Don’t Double Obama’s Rates!* By: Larry Walker, Jr. *Mr. Obama asked students at the University of North Carolina yesterday afternoon to tell their members of Congress one thing: Don’t double my rates.Once again, Mr. Obama doubled down on flimflam, this time misdirecting towards rising interest rates on student loan debt -- instead of targeting the rising cost of interest on the federal debt. According to the White House, interest on the federal debt is projected to surpass $1.0 trillion per annum by the year 2020. Mr. Obama also failed to mention the $494 billion tax hike scheduled to hit American...
  • A Tax Hike Is Not A Spending Cut

    04/25/2012 11:27:22 AM PDT · by 92nina · 1 replies
    ATR ^ | 2012-04-24 | Will Upton
    The Illinois Policy Institute has produced some excellent analysis of Governor Pat Quinn’s budget gimmick and the Illinois House budget resolution containing a massive $350 million tobacco tax hike, noting: “A tax hike is not a spending cut.” Below is the Illinois Policy Institute’s open letter to the Illinois General Assembly opposing the tobacco tax increase: Dear Legislator: Both Gov. Quinn’s budget proposal and the House budget resolution called for a $2.7 billion reduction in Medicaid liabilities. Similarly, the governor and the General Assembly have committed to reducing the tax burden for working families. Yet Gov. Quinn’s recently released Medicaid...
  • Air Resources Board, it’s from the government and here to help you. Right.

    04/25/2012 10:33:59 AM PDT · by Mark Landsbaum · 2 replies
    As we’ve seen, you can’t believe what politicians tell you. Yes, that’s a shocker, we know. But voters seem to buy the same old clap trap time after time then wonder what went wrong. Just more evidence of our point from some weeks ago. So, you might recall some years ago the Legislature adopted and the governor at that time, a former movie actor, signed into law the much trumpeted Global Warming Solutions Act. What could go wrong? . . .
  • Michelle Obama talks husband's upbringing on campaign swing

    04/25/2012 12:53:20 AM PDT · by 2ndDivisionVet · 17 replies
    CNN ^ | April 24, 2012 | Kevin Liptak
    First lady Michelle Obama, making campaign stops in Nebraska and Iowa on Tuesday, boosted her husband's credentials while appearing to make small contrasts with his likely rival Mitt Romney, lauding President Barack Obama's core set of values and relaying stories of his modest upbringing. Appearing alongside Warren Buffett in Omaha, Nebraska, Michelle Obama touted the White House-backed provision named for the billionaire investor, which would place a minimum 30% tax on Americans making more than $1 million a year. The "Buffett Rule" was blocked in the Senate last week. In explaining the president's commitment to helping Americans who are struggling,...