Keyword: taxes

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  • Krugman’s Anti-Austerity Madness

    09/30/2012 2:30:51 PM PDT · by NaturalBornConservative · 10 replies
    Natural Born Conservative ^ | September 30, 2012 | Larry Walker Jr
    Kicking Common Sense Down the Road- By: Larry Walker, Jr. -When one of today’s most brilliant liberal economists recently mentioned the European fiscal crisis, he said, “Spain is suffering the hangover from a huge housing bubble, which caused both an economic boom and a period of inflation that left Spanish industry uncompetitive with the rest of Europe. When the bubble burst, Spain was left with the difficult problem of regaining competitiveness, a painful process that will take years.”Yet, when far less knowledgeable left-wingers, including the President, speak of America’s economic woes, they routinely regurgitate the meaningless thread, “We are suffering...
  • ( UN ) Agenda 21 Getting Worse ( in Australia )

    09/30/2012 10:52:54 AM PDT · by george76 · 28 replies
    Standeyo ^ | September 28, 2012 | Lynette
    As the UN digs in its ever-sharper, global-grasping claws, there are less and less desirable places to relocate. The New World Order permeates and invades all. Agenda 21? This is how it is done in Australia. Been going on for years... We know a family who live in Sydney’s Parramatta. The oldest girl, now in her 80’s, lives in the family home which was built in the early 1900’s. She was invited to a meeting with Parramatta Council and she and others were told that the Council “could not tolerate” for much longer that there was only one or two...
  • Top Five Worst Obamacare Taxes Coming in 2013

    09/29/2012 12:18:35 PM PDT · by lowbridge · 4 replies
    Americans for Tax Reform ^ | September 28, 2012 | John Kartch
    Of the twenty new or higher taxes in Obamacare, below are the five worst that will be foisted upon Americans for the first time on January 1, 2013: The Obamacare Medical Device Tax – a $20 billion tax increase: Medical device manufacturers employ 409,000 people in 12,000 plants across the country. Obamacare imposes a new 2.3 percent excise tax on gross sales – even if the company does not earn a profit in a given year. In addition to killing small business jobs and impacting research and development budgets, this will increase the cost of your health care – making...
  • Report: 225,000 Californians Flee State Per Year (Pharaoh...let my people go!!!)

    09/29/2012 5:36:48 AM PDT · by Kolath · 31 replies
    Breitbart ^ | 9/28/2012 | Tony Lee
    Due to high taxes, burdensome regulations, lack of public sector reforms, and a lackluster job climate, more people have left California than come to the state since 2005, according to a comprehensive study by the Manhattan Institute released on Tuesday, suggesting California is no longer “perceived by most Americans as the land where dreams come true.” In the report, titled “The Great California Exodus: A Closer Look," Tom Gray and Robert Scardamalia found Californians have fled to states like Texas, Arizona, Nevada, Colorado, Idaho, South Carolina, and Georgia because those states have a better economic climate with less taxes and...
  • Nearly Unanimous: All American Should Pay Income Taxes

    09/28/2012 5:54:03 PM PDT · by LD Jackson · 32 replies
    The Western Experience ^ | 09/28/12 | Jason Bradley
    Fox News has come out with a poll showing overwhelming agreement that all Americans should pay income taxes. Seventy-nine percent say everyone should pay something, according to a Fox News poll released Thursday. That includes 85 percent of Republicans, 83 percent of independents and 71 percent of Democrats.According to the IRS, last year approximately 41 percent of tax filers did not pay federal income tax. The Tax Policy Center estimates that will increase to 46 percent this year. Let’s say there are 150 million in the civilian labor force. I won’t’ adjust for joint filers and small businesses. I think...
  • Updated: How Much More Does It Cost to Hire a Federal Bureaucrat?

    09/28/2012 1:37:02 PM PDT · by 92nina · 7 replies
    ATR ^ | 2012-09-25 | Ryan Ellis
    When politicians claim that they will save money by “in-sourcing” federal functions from contractors, or will respond to some new need by expanding the federal workforce, that has a cost to taxpayers. How much is that cost? In order to determine the cost of hiring a new federal bureaucrat, ATR has calculated the “all-in” cost of hiring a new federal employee. We include salary as well as benefits, pension contributions, training and other expenses, and payroll taxes. We assume a 40-year federal career. The numbers presented are both nominal and inflation-adjusted. Here are the results for a low-cost, medium-cost, and...
  • As the UN opens its General Assembly session, it is already thinking up new global taxes

    09/28/2012 11:00:27 AM PDT · by ConorMacNessa · 16 replies
    FoxNews.com ^ | 27 September 2012 | George Russell
    A 1 percent tax on billionaires around the world. A tax on all currency trading in the U.S. dollar, the euro, the Japanese yen and the British pound sterling. Another “tiny” tax on all financial transactions, including stock and bond trading, and trading in financial derivatives. New taxes on carbon emissions and on airline tickets. A royalty on all undersea mineral resources extracted more than 100 miles offshore of any nation’s territory. The United Nations is at it again: finding new and “innovative” ways to create global taxes that would transfer hundreds of billions, and even trillions, of dollars from...
  • Team O to young people: Be sure to warn your grandparents about that Mitt Romney character

    09/28/2012 12:20:49 PM PDT · by SeekAndFind · 14 replies
    Hotair ^ | 09/28/2012 | Erika Johnsen
    Just what we've all been waiting for — now I can send intellectually cheap, platitudinous, pre-packaged falsehoods from Obama's messaging team to my friends and family, in a simple e-card! Life = made.I have to hand it to them: Their graphics people are kinda excellent. But, the messaging? Not so much, my friends. Fresh from the Obama campaign:Wow ... pretty brazen of them to try to mobilize young people to save a program that said young people are currently paying into hand-over-fist, that will not be around for them, because it is fundamentally and undeniably insolvent. President Obama has made...
  • Romney tax plan: Is it 'mathematically impossible' or not?

    09/28/2012 10:20:49 AM PDT · by Cincinatus' Wife · 10 replies
    Christian Science Monitor ^ | September 28, 2012 | Mark Trumbull
    One study said Mitt Romney's tax-reform numbers don't add up. Another says they do..... .....The Tax Policy Center calculated that even if all tax breaks they assumed to be available under Romney's criteria were wiped out for high-income earners, it wouldn't be enough to keep Romney's plan revenue neutral. Middle- or lower-income households would need to kick an extra $86 billion a year to meet the target. How? Deductions and other tax breaks would have to be reduced by an amount outweighing their 20-percent tax-rate cut. .....Separately this week, Romney-camp economist Kevin Hassett called the Tax Policy Center report "the...
  • I am (Not) the 47% ( I did not choose my tax bracket )

    09/28/2012 9:34:47 AM PDT · by SeekAndFind · 69 replies
    American Thinker ^ | 09/28/2012 | Linda B.
    I can't take it anymore! It's time to set the record straight: I am, officially and categorically, in the infamous 47% tax bracket. You know, the one everybody assumes are moochers, users and takers. The main factor that has not been incorporated into the argument is choice. As you cannot choose your tax bracket, I did not and cannot choose mine. What I pay doesn't and shouldn't brand my integrity. Both parties have liberally slathered my character as a usable calculation to their cause. Do the Democrats think that by dangling 'freebie carrots' they have my vote? Why do the...
  • We're spending more, but making about the same ("Fact Check" this, wages are lower under Obama!)

    09/28/2012 7:21:10 AM PDT · by tobyhill · 9 replies
    nbc ^ | 9/28/2012 | staff
    Consumer spending rose in August, thanks to higher gas prices, while incomes barely budged, government data showed Friday. The Commerce Department said consumer spending rose 0.5 percent in August from July, the biggest jump since February. The increase was led by a 1.7 percent surge in purchases of nondurable goods, reflecting the sharp 28.2 cents per gallon rise in gas prices during the month. Spending on durable goods rose 0.3 percent, helped by gains in auto sales. Spending on services rose just 0.2 percent. Income rose just 0.1 percent in August, reflecting the weak job market. Taking into account inflation,...
  • As the UN opens its General Assembly session, it is already thinking up new global taxes

    09/28/2012 7:54:03 AM PDT · by tobyhill · 13 replies
    fox news ^ | 9/28/2012 | By George Russell
    A 1 percent tax on billionaires around the world. A tax on all currency trading in the U.S. dollar, the euro, the Japanese yen and the British pound sterling. Another “tiny” tax on all financial transactions, including stock and bond trading, and trading in financial derivatives. New taxes on carbon emissions and on airline tickets. A royalty on all undersea mineral resources extracted more than 100 miles offshore of any nation’s territory. The United Nations is at it again: finding new and “innovative” ways to create global taxes that would transfer hundreds of billions, and even trillions, of dollars from...
  • France taxes rich and business to slash deficit

    09/28/2012 7:22:20 AM PDT · by Beave Meister · 15 replies
    Reuters ^ | 9/28/2012 | Daniel Flynn and Leigh Thomas
    President Francois Hollande's Socialist government unveiled sharp tax hikes on business and the rich on Friday in a 2013 budget aimed at showing France has the fiscal rigor to remain at the core of the euro zone. The package will recoup 30 billion euros ($39 billion) for the public purse with a goal of narrowing the deficit to 3.0 percent of national output next year from 4.5 percent this year - France's toughest single belt-tightening in 30 years. But with record unemployment and a barrage of data pointing to economic stagnation, there are fears the deficit target will slip as...
  • Romney muddies his tax message

    09/28/2012 7:21:23 AM PDT · by Laissez-faire capitalist · 18 replies
    TheHill ^ | 9/28/2012 | Bernie Becker
    Mitt Romney has muddied his message on the GOP's signature issue of taxes at a time of growing frustration in the party about the direction of his campaign. Now struggling in the polls, the Republican nominee said this week that President Obama had not raised taxes and downplayed the tax relief in his own proposal... "It's not a particularly compelling message to tell people you're not going to see much of a tax cut in the way most people think of tax cuts," said Jim Pethokoukis of the American Enterprise Institute... Larry Kudlow, a prominent supply-side commentatot said he was...
  • Hillary Clinton: Raise Taxes on Rich Everywhere

    09/28/2012 7:04:30 AM PDT · by Innovative · 22 replies
    CNBC/Yahoo Finance ^ | Sept 28, 2012 | John Carney
    It's no secret that the foreign policy of the United States tends to reflect the world views of the occupant of the White House. "One of the issues that I have been preaching about around the world is collecting taxes in an equitable manner - especially from the elites in every country," Secretary of State Hillary Clinton said in her speech at the Clinton Global Initiative Monday. What Clinton meant by "contribute to growth" was revealing. She listed contributing to building schools and hospitals rather than domestic business investment, which is the conventional meaning of contributing to growth.
  • Fox News poll: 79 percent say all Americans should pay income taxes (63% agree w Romney)

    09/27/2012 4:50:06 PM PDT · by nhwingut · 9 replies
    FOX News ^ | 09/27/2012 | Dana Blanton
    A large majority of likely voters believes all Americans should pay some federal income tax -- even if it is as little as one percent of what they make. Seventy-nine percent say everyone should pay something, according to a Fox News poll released Thursday. That includes 85 percent of Republicans, 83 percent of independents and 71 percent of Democrats. According to the IRS, last year approximately 41 percent of tax filers did not pay federal income tax. The Tax Policy Center estimates that will increase to 46 percent this year. Most voters (73 percent) are at least somewhat familiar with...
  • Fox News poll: 79 percent say all Americans should pay income taxes

    09/27/2012 4:45:47 PM PDT · by Jean S · 24 replies
    FoxNews ^ | 9/27/12 | Dana Blanton
    A large majority of likely voters believes all Americans should pay some federal income tax -- even if it is as little as one percent of what they make.     Seventy-nine percent say everyone should pay something, according to a Fox News poll released Thursday.  That includes 85 percent of Republicans, 83 percent of independents and 71 percent of Democrats. According to the IRS, last year approximately 41 percent of tax filers did not pay federal income tax.  The Tax Policy Center estimates that will increase to 46 percent this year.   Most voters (73 percent) are at least somewhat...
  • Tax Policy Center's Analysis of Romney's Tax Plan Inaccurate

    09/27/2012 11:58:43 AM PDT · by 92nina · 1 replies
    ATR ^ | 2012-09-26 | Rhett Brooks
    The Tax Policy Center (TPC) released a report in March of 2012 detailing the effects of the Romney tax reform plan on taxpayers. The conclusion reached by the Tax Policy Center stated that the Romney tax reform plan would cut taxes for high-income taxpayers and raise them for middle and lower-income earners. Since the report was released, President Obama and his team have ran with it and used it to undermine the credibility of Romney’s plan. Senior Analyst in Tax Policy at the Heritage Foundation, Curtis Dubay, released his rebuttal of the TPC report yesterday which revealed many of the...
  • Fact Check: Is Romney's tax rate really lower than yours?

    09/26/2012 8:10:50 PM PDT · by Brown Deer · 10 replies
    Fox News ^ | September 26, 2012 | Judson Berger
    President Obama's campaign, with a good dose of help from the media, is pushing a claim that millionaire Mitt Romney is taxed at a "lower rate" than someone making $50,000 a year. IRS data, though, shows that Romney's effective income tax rate -- that's what he pays as a percentage of his income once deductions and other benefits are factored in -- is actually far higher than what most Americans pay. Romney's rate in 2010 -- which was also about 14 percent -- was higher than what 97 percent of Americans pay.
  • Hey, Media, a $75K Mechanic Pays a Lower Tax Rate Than Romney

    09/27/2012 4:01:43 AM PDT · by Kaslin · 47 replies
    Townhall.com ^ | September 27, 2012 | Larry Elder
    If "journalism malpractice" were a crime, Nancy Grace would not be able to keep track of all the trials. ABC news reporter Jonathan Karl recently said: "Mitt Romney ... made $13.7 million last year and paid nearly $2 million in taxes. His effective tax rate -- 14.1 percent. That's a lower rate than an auto mechanic who made $75,000 in pay." Not again. Back in January, anchor Diane Sawyer teased "Mitt's millions" on ABC's "World News": "What Mitt Romney's taxes really show about wealth, taxes and fairness." Then correspondent David Muir informed viewers: "(Romney's) tax rate? In 2010, about 13.9...