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Keyword: taxrates

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  • Warren Buffett’s liberal display of tax-increase hypocrisy

    04/03/2014 6:57:49 AM PDT · by SeekAndFind · 3 replies
    Washington Times ^ | 04/03/2014 | J.T. Young
    While liberalism’s terminus is failure, its first stop is hypocrisy. Higher-tax advocate Warren Buffett recently illustrated this with his reported use of a tax strategy to avoid — you guessed it — higher taxes. There is nothing new in the tax strategy or in Mr. Buffett’s use of it; it’s just an ample example of liberal hypocrisy. As reported in Bloomberg BNA’s Daily Tax Report on March 20, Mr. Buffett’s Berkshire Hathaway Inc. “plans to limit taxes on more than $1 billion of gains in Graham Holdings Co. stock by swapping the shares for assets owned by the former Washington...
  • Anyone give some tax advice?

    11/02/2013 11:15:27 AM PDT · by Ghost of SVR4 · 46 replies
    Today | Yours Truly
    Hello all... Any chance I can get some tax / income savvy freepers to weigh in? New job, first pay. No exemptions are showing up on my pay stub (I took it in the kiester this pay with Federal Withholding). I have three kids who live with me full time. I have a soon to be x-spouse and we are NOT filing jointly. I am in the 28% tax bracket. Is there a (relatively) easy site I can calculate what I should be getting paid? My last job's with holding was CONSIDERABLY less. My new HR rep's merely have heartbeats...
  • The Republicans -- After Dunkirk

    01/04/2013 7:44:16 AM PST · by Kaslin · 12 replies
    Townhall.com ^ | January 4, 2013 | Pat Buchanan
    At the Potsdam conference with Harry Truman and Josef Stalin, Winston Churchill learned that the voters of the nation he had led for five years through World War II had just voted to throw him out of office. "It may well be a blessing in disguise," said his wife Clementine. "At the moment, it seems quite effectively disguised," replied Churchill. Republicans must feel that way today. For they have survived their own Dunkirk. They may have left their helmets, canteens and rifles behind, but they did finally get off the beach. That Republicans suffered a rout, as the British did...
  • Obama's Tax Evaders of the Year

    01/02/2013 4:04:40 AM PST · by Kaslin · 3 replies
    Townhall.com ^ | January 2, 2013 | Michelle Malkin
    President Obama will kick off the new year the same way that he kicked off the old year: by demanding that the wealthy pay their "fair share" in taxes. But while millions of small-business owners, struggling entrepreneurs, inventors and investors brace for a double whammy of fiscal cliff tax hikes and new Obamacare taxes, the class-warrior in chief's richest pals are getting a pass. It's a Golden Pass for liberal millionaires and billionaires who support higher Obama taxes for everyone but themselves. Meet the Democratic tax evaders of the year. -- Google. The left-wing Internet giant provided Silicon Valley's biggest...
  • David Gregory's Slobbering Obama Interview

    01/01/2013 5:46:29 AM PST · by Kaslin · 9 replies
    Townhall.com ^ | January 1, 2012 | David Limbaugh
    NBC's David Gregory interviewed President Barack Obama on "Meet the Press" Sunday, and a conversation ensued that would have been more fitting for a show called "The President Meets One of His Many Mainstream Media Enablers." Let's take a look at just some of the exchanges and fantasize how different the nation's political and electoral climate might be if the liberal press were doing its job as watchdog instead of taking sides. Obama said, "We're seeing signs of recovery ... in employment numbers improving." Might Gregory have asked Obama how he can continue to put an unrealistically positive spin on...
  • The Game Is Rigged

    12/31/2012 10:03:23 AM PST · by Kaslin · 30 replies
    Townhall.com ^ | December 31, 2012 | Dan Holler
    Matt Damon, the actor who once gave $2,000 to Dennis Kucinich, is giving up on politics. He told Playboy, “It’s easier now more than ever in my life to feel the fix is in, the game is rigged and no matter how hard you work to change things, it just doesn’t matter.” Liberal Hollywood elites are not the only ones disappointed with failure of President Obama to deliver on his 2008 promise to change Washington. Heck, even left-leaning newspapers are blaming – albeit inadvertently – his Washington for the fiscal cliff fallout. When consumer confidence took a sharper than expected...
  • The Continuing Exodus of Jobs – and Taxable Income – from California

    12/29/2012 9:40:01 AM PST · by Kaslin · 14 replies
    Townhall.com ^ | December 29, 2012 | Daniel J. Mitchell
    Like most people, I’m a sucker for a heartwarming story around the holidays. Sometimes, you get that nice feeling when good things happen to good people, like you find at the end of a classic movie like “It’s a Wonderful Life.” But since I’m a bit of a curmudgeon, I also feel all warm and fuzzy when bad things happen to bad people. That’s why I always smile when I read stories about taxpayers moving across borders, thus preventing greedy tax-hiking politicians from collecting more revenue. “Where’s our tax revenue?!?” I’m glad when that happens to French politicians. I’m glad...
  • Tackling Fairness and Justice

    12/29/2012 8:46:43 AM PST · by Kaslin · 2 replies
    Townhall.com ^ | December 29, 2012 | Linda Chavez
    The last year has been a tough one for conservatives. The hope that four years of failed policy would be enough to repudiate the liberal/progressive ideology of the Obama administration ended when the majority of the American public voted to maintain their entitlements -- so long as someone else paid for them. And the conservative response to the debacle has been for the various factions within the movement to declare war on each other. It's time for conservatives to give serious thought to what they believe and how they can make a more persuasive case that conservative principles offer the...
  • Charities for Higher Taxes

    12/19/2012 2:15:45 PM PST · by Edmunds mom · 3 replies
    PhilanthropyDaily.com ^ | 12/19/2012 | Scott Walter
    One wise donor has pointed out a devil’s bargain that too many advocates for charities are willing to make in their campaign to protect the charitable deduction. Kimberly O. Dennis, head of the Searle Freedom Trust skewers the illogic of groups like the Independent Sector, which explicitly endorse President Obama’s lust to raise taxes on the wealthy, even as they also plead to keep the charitable deduction untouched. If nonprofits knew what was good for them, they would be focusing less on preserving the charitable deduction and more on economic growth and wealth creation.
  • Nobel Laureate Prescott: Higher Taxes Will Further Stagnate Economy

    12/13/2012 12:32:34 AM PST · by Olog-hai · 8 replies
    Newsmax ^ | Wednesday, 12 Dec 2012 10:38 AM | (Newsmax Wires)
    Contrary to popular opinion, U.S. tax rates aren’t low, says Edward Prescott, a Nobel laureate economist at Arizona State University. “Tax rates are already high, much higher than is commonly understood, and increasing them will likely further depress the economy, especially by affecting the number of hours Americans work,” Prescott and Lee Ohanian, a UCLA economist, write in The Wall Street Journal. …
  • Scarborough: 'Conservatism Is A Racket For A Lot Of People To Get Very, Very Rich'

    12/10/2012 6:43:34 AM PST · by governsleastgovernsbest · 67 replies
    NewsBusters ^ | Mark Finkelstein
    Is it possible to have a principled opposition to raising tax rates to avoid the fiscal cliff? It seems that Joe Scarborough doesn't think so. On today's Morning Joe, Scarborough suggested that those on the "far, far right" in the "conservative entertainment complex" and in the ranks of political consultants who oppose tax rate hikes do so out of base material motives. According to Scarborough, speaking of such "far, far right" tax-increase opponents, "conservatism is a racket for a lot of people to get very, very rich." View the video here.
  • Higher Tax Rates Don’t Equal Higher Revenues

    12/06/2012 9:57:10 AM PST · by SeekAndFind · 7 replies
    National Review ^ | 12/06/2012 | Michael Barone
    The fiscal-cliff negotiations seem to be foundering on Barack Obama’s insistence on higher tax rates on high earners and House Republican leaders’ insistence on opposing them. The president believes he has a mandate from voters for his position, and House Republicans believe they have a mandate from voters for theirs. The real argument here is over the size and scope of government. Under Barack Obama, federal outlays — the technical term for federal spending — have increased to over 24 percent of gross domestic product. That’s a higher level of federal spending than in any year since 1946, when we...
  • Higher Tax Rates Won't Support Entitlement State

    12/06/2012 7:34:40 AM PST · by Kaslin · 12 replies
    Townhall.com ^ | December 6, 2012 | Michael Barone
    The fiscal cliff negotiations seem to be foundering on Barack Obama's insistence on higher tax rates on high earners and House Republican leaders' insistence on opposing them. The president believes he has a mandate from voters for his position, and House Republicans believe they have a mandate from voters for theirs. The real argument here is over the size and scope of government. Under Barack Obama, federal outlays -- the technical term for federal spending -- have increased to 24 and 25 percent of gross domestic product. That's a higher level of federal spending than in any year since 1946,...
  • Fiscal cliff: Obama says tax rates could drop in 2013 ("not wedded to every detail of his plan")

    12/04/2012 1:20:49 PM PST · by NormsRevenge · 18 replies
    BBC News ^ | 12/4/12 | BBC
    US President Barack Obama has said in an interview that he would consider lowering top tax rates as part of a wider reform of the tax code in 2013. The White House also signalled that it might agree to increase taxes for the wealthiest earners to less than 39.6%. Spokesman Jay Carney left open the option that rates would not have to rise to that Clinton-era level. Lawmakers are deadlocked in efforts to avert steep spending cuts and tax rises due to take effect on 1 January. Mr Carney said the "major obstacle" in reaching an agreement was a Republican...
  • How Democrats Can Get What They Want: Agree With Republicans

    12/03/2012 8:02:34 PM PST · by Kaslin · 3 replies
    Townhall.com ^ | December 3, 2012 | Kevin Glass
    Democrats have said that that their priorities when it comes to a fiscal cliff deal are to raise more tax revenue and make the tax code more progressive. Which is why it's odd to see them drawing a line in the sand on raising tax rates. Raising marginal income tax rates is one of the most economically harmful ways to raise taxes. (The only provisions of the tax code that are more damaging are the corporate income tax and taxes on savings and investments.) Perhaps the only explanation is that Democrats don't actually care about how to efficiently accomplish their...
  • Pushing Conservatives Off the Fiscal Cliff

    11/28/2012 2:55:52 PM PST · by Kaslin · 5 replies
    Townhall.com ^ | November 28, 2012 | Brent Bozell
    The conventional wisdom has emerged that in order to avoid the so-called "fiscal cliff," politicians in Washington must agree to some method of tax increases ("revenue") -- which will be real, even if low taxes are not the cause of our ills -- alongside some kind of promise of spending restraint on entitlement programs, which is our problem, and which no one believes Washington will restrain. The American left and our "objective" journalists -- same thing, I know -- are not helping the nation balance its budget. As usual, these partisan hacks are obsessed with tearing the Republican coalition apart,...
  • An Overdue Book (Sowell on taxes)

    11/26/2012 2:24:04 PM PST · by jazusamo · 23 replies
    Creators Sydicate ^ | November 27, 2012 | Thomas Sowell
    If everyone in America had read Stephen Moore's new book, "Who's The Fairest of Them All?", Barack Obama would have lost the election in a landslide. The point here is not to say, "Where was Stephen Moore when we needed him?" A more apt question might be, "Where was the whole economics profession when we needed them?" Where were the media? For that matter, where were the Republicans? Since "Who's The Fairest of Them All?" was published in October, there was little chance that it would affect this year's election. But this little gem of a book exposes, in plain...
  • How Lower Top Marginal Rates Let The Economy Grow

    10/15/2012 1:20:48 PM PDT · by Joachim · 1 replies
    Vanity (preaching to the choir) | 10/15/2012 | Self
    How Lower Top Marginal Rates Let The Economy Grow (or “The Monkey In Your Pocket”)Taxes are like a monkey in your pocket. Whenever you get paid, the monkey immediately grabs a cut. Whatever amount you think you need—whether just to meet obligations, or to reach your dreams—you have to earn more to feed the monkey first. And the monkey keeps tabs on your total for the year, grabbing a bigger piece as the total goes up. If you make enough, the monkey transmogrifies into a gorilla on your back, grabbing half of every dollar for federal taxes alone.* Why does...
  • The Laffer Curve Strikes Again: (Shortened Title)

    10/04/2012 12:38:26 PM PDT · by Kaslin · 8 replies
    Townhall.com ^ | October 4, 2012 | Daniel J. Mitchell
    I’ve shared evidence from around the world (England, Italy, the United States, and France) and from various states (Illinois, Oregon, Florida,Maryland, and New York) to argue that it is foolish to ignore the Laffer Curve. Not that it makes any difference. I’m slowly coming the conclusion that my friends on the left will never learn – in large part because they’re more interested in punishing success with class warfare tax policy than they are in collecting extra revenue for government.But surely there are some statists who are motivated by emotions other than spite, so I refuse to give up. Let’s look at some evidence from...
  • Senate Democrats balk at ending Bush-era tax rates for wealthy (reelection problems)

    06/19/2012 2:52:23 AM PDT · by Libloather · 9 replies
    The Hill ^ | 6/19/12 | Alexander Bolton
    Senate Democrats balk at ending Bush-era tax rates for wealthyBy Alexander Bolton - 06/19/12 05:00 AM ET A growing number of Senate Democrats are signaling they are not prepared to raise taxes on anyone in the weak economy unless Congress approves a grand bargain to reduce the deficit. At least seven Democratic senators have declined to rule out supporting a temporary extension of the Bush-era income tax rates, breaking with party leaders who have called for letting the rates expire for people earning more than $1 million per year. That gives Senate Republicans a chance to push a temporary extension...
  • 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: do as I don’t do. Pay more taxes

    04/20/2012 12:00:42 PM PDT · by Mark Landsbaum
    President Barack Obama has gotten a lot of mileage out of touting his “Buffett Rule” to force millionaires to pay more in taxes. Maybe he thinks earning three-quarters of a million gives him a free ride. . .
  • Obama Corporate Tax Reform a Sugar-Coated, Harmful Tax Hike

    02/22/2012 12:49:32 PM PST · by Hunton Peck · 4 replies
    The Foundry/Heritage Foundation ^ | February 22, 2012 at 1:03 pm | J.D. Foster
    With his corporate tax reform “framework,” President Obama today added another element to his ultimately harmful economic agenda. Previously announced anti-growth policies include massive budget deficits, a huge tax hike on individuals and small businesses in 2013, and his proposal to nearly triple the dividend tax rate. His new proposal starts strong by reducing the federal corporate income tax rate to 28 percent from the current 35 percent. This is a good and long-overdue policy change. Regrettably, he marries rate reduction to a net corporate tax hike based in part on extending his policy to hammer and ultimately deconstruct U.S....
  • Is Romney's effective tax rate lower than yours? (80% of ALL Americans pay less than 15%)

    01/24/2012 9:24:01 AM PST · by tobyhill · 42 replies
    cnn ^ | 1/19/2012 | Jeanne Sahadi
    So Mitt Romney thinks his effective tax rate is about 15%. That prompts many people to express disbelief: "What?! Most people pay a higher rate than that, don't they?" ,,,, But assuming he's correct, here's why his effective rate is probably higher than most people's: The effective tax rate is always going to be lower than one's top income tax rate. And the top rate for roughly four-fifths of Americans is 15% or less, said Roberton Williams, a senior fellow at the Tax Policy Center. In other words, 80% of Americans have an effective rate below 15%.
  • Taxing the Rich – 1765 to 2011, Part III

    09/04/2011 11:36:48 PM PDT · by NaturalBornConservative · 4 replies
    Natural Born Conservative ^ | September 4, 2011 | Larry Walker, Jr.
    – War on Taxes: 1964 to 2011– By: Larry Walker, Jr. –"The largest single barrier to full employment of our manpower and resources and to a higher rate of economic growth is the unrealistically heavy drag of federal income taxes on private purchasing power, initiative and incentive." ~John F. Kennedy, Jan. 24, 1963, special message to Congress on tax reduction and reform From Taxing the Rich Recap: 1776 to 1912In 1765, Great Britain imposed a series of taxes upon the American Colonies, in order to pay for its lengthy French and Indian War (1754-1763). After the war, the British forced...
  • Palm Beach Post on Taxes

    09/01/2011 6:35:19 AM PDT · by TheBombshellProject · 8 replies
    BizPac Review ^ | 9-1-2011 | Bill Martin
    Typical of The Palm Beach Post, the newspaper ran an article recently by Laura Green on Warren Buffett’s continuing rant that his taxes are too low (“Warren Buffett pushes higher tax rates, but some doubt those would be right or beneficial”). Contrary to the headline, which sounds as though the writer would quote a number of people who disagree with Mr. Buffett, Green quotes a grand total of one local entrepreneur who thought she was “being penalized for working hard or succeeding." She also included a substantial rebuttal by a local CPA who thought higher tax rates would not keep...
  • Gang of Six, back from the brink?

    07/19/2011 11:10:16 AM PDT · by freespirited · 63 replies
    Politico ^ | 07/09/11 | Manu Raju
      The once moribund Senate “Gang of Six” regained new life Tuesday after Oklahoma Sen. Tom Coburn unexpectedly rejoined the group — and more senators are now coalescing around a new proposal that would cut the debt by as much as $3.7 trillion over the next decade. Other top senators are also getting behind the plan, including Sen. Lamar Alexander (R-Tenn.), the No. 3 Senate Republican, who told a group of senators Tuesday he would back the Gang of Six’s proposal, sources say. The fast-moving developments mean that elements of the proposal could influence the stalled talks to raise the...
  • VIDEO: The People Speak: Tax the Rich?

    07/08/2011 2:16:38 PM PDT · by blog.Eyeblast.tv · 7 replies
    President Obama and Democrats are big proponents of raising taxes on the rich in order to generate revenue for their out of control spending practices. However, very few people seem to know that the top 10% of wage earners already pay a whopping 68% of taxes. In a mission to see how popular the idea of taxing the rich actually is, Dan Joseph hit the streets of Alexandria, VA to talk to some people. He also quizzed them on our current tax rates. Here's what he found...
  • Corporations shop for the best tax rates! Who knew?

    05/09/2011 2:46:58 PM PDT · by landsbaum · 3 replies
    There’s an informative story in the paper that concluded corporations are encouraged by the tax code “to stash hundreds of billions in profits overseas…” Gee, who would have guessed? Of 25 Orange County-based California corporations, “most pay less than the official rate, sometimes far less.” We’ve made the case for years that when taxes are raised on corporations, the outcome is predictable . . .
  • Tracing the Japanese Tax Experiment (The USA will now have the world's highest corporate tax rate)

    01/09/2011 5:45:34 AM PST · by SeekAndFind · 9 replies
    Real Clear Markets ^ | 01/08/2011 | Brian Koenig
    The United States' current corporate tax rate is far from competitive. Average combined state and federal corporate taxes are 39.2 percent, second highest among industrialized nations, just under Japan's 39.5 percent rate. But this positioning is about to change. On December 16, 2010, Prime Minister Naoto Kan approved a five percent cut on Japan's corporate tax, lowering the rate to under 35 percent. Iceland's corporate tax rate currently stands at 18 percent; Poland 19 percent; Sweden 25 percent; and Mexico 28 percent. Overall, the average corporate tax rate among OECD nations hovers around 27 percent, with the United States a...
  • Ronald Reagan Move Over

    12/18/2010 11:46:43 AM PST · by timesthattrymenssouls · 7 replies
    Constitutional Guardian ^ | 12/18/10 | Nancy Tengler
    The extension of the Bush tax rates (what the media is now calling Obama's tax cuts) is a victory for Conservatives that should not be squandered. The Obama tax cuts are neither Obama's--they are Bush's--nor are they tax cuts--they are an extension of the current rates that were set to expire on 12/31/10. But the claim of the Democrats that these extensions had to be made because raising taxes on Americans in this economy would be disastrous is a true victory for Conservatives. It is also sound fiscal policy and should be capitalized on. An editorial in today's Wall Street...
  • A Rate Which Lives In Infamy (USA Will soon have the world's highest corporate tax rate)

    12/17/2010 7:28:09 AM PST · by SeekAndFind · 8 replies
    Fiscal Policy: President Calvin Coolidge famously said that the chief business of the American people is business. Now it seems that the chief business of Congress is to make sure American businesses are taxed at a punitive rate. Earlier this week, Japan quietly announced it was cutting its corporate tax rate by 5 percentage points next year. That will leave the U.S., where the average combined federal and state corporate rate is 40%, with the highest rate in the developed world (see chart). A high corporate tax rate is a drag on an economy. It affects a country's competitiveness as...
  • Answering Socialist Sen. Bernie Sanders: ‘When is Enough, Enough?’

    12/13/2010 8:10:46 PM PST · by seamus · 28 replies · 3+ views
    Bruce McQuain — a blogger at the libertarian site Q&O and a good friend of The Heartland Institute — offers his take on the filibuster of the extension of the Bush-era tax rates by self-proclaimed socialist, U.S. Senator Bernie Sanders (I) of Vermont. Though Sanders spoke for many hours non-stop — and he deserves credit, at least, for trying to conduct a "real" filibuster, as opposed to the phony ones we get today — his day-long political theater can be boiled down to the 2-minute found here. To quote Sanders again, he says “the rich” are “crybabies” who are “making out...
  • Angry Much?

    12/10/2010 7:48:30 AM PST · by Alaphiah123 · 10 replies · 2+ views
    Creating Orwellian Worldview ^ | 12/10/10 | Alaphiah
    We all know Joe Wilson, Republican Representative who shouted out “You Lie” while president Barry Hussein Soetoro was making untrue states about Obamacare while addressing a bicameral session of Congress last year. Who we don’t know is the Democrat Representative who said loud enough to hear, “F*** the President,” yesterday as Democrats where coming to grips with president Barry Hussein Soetoro’s deal with Republicans to extending tax rates for all Americans. The reality is there are no tax cuts for anyone as it’s been falsely reported; these rates have been in place for the last ten years. Nothing is being...
  • WH warns tax defeat could trigger new recession

    12/08/2010 4:41:03 PM PST · by GRRRRR · 16 replies
    AP / Yahoo ^ | 12=8-10 | CHARLES BABINGTON, Associated Press Charles Babington, Associated Press – 33 mins ago
    WASHINGTON – Raising the direst alarm yet, the Obama administration warned fellow Democrats on Wednesday that if they defeat the big tax-cut compromise detested by many liberals, they could jolt the nation back into recession. President Barack Obama appealed anew for Congress to "get this done" and insisted that more congressional Democrats would climb aboard as they studied details of the $900 billion year-end measure. Several did announce support on Wednesday, but at least one said there still was "a mood to resist."
  • Who are the Hostage-Takers Mr. president and why all the hate?

    12/08/2010 8:13:48 AM PST · by Alaphiah123 · 5 replies
    Creating Orwellian Worldview ^ | 12/8/10 | Alaphiah
    Hate speech coming from the presidential lectern? That's what it sounded like to me. In his called news conference president, Barry Hussein Soetoro explained to angry Progressive Liberals the compromise he made which extended the already record 99 weeks of unemployment benefits to jobless Americans in return for keeping taxes at the present level for all Americans. Unemployment had to be extended because millions of Americans remain unemployed in spite of the One trillion dollars spent in the president’s failed economy stimulus package, which did not provide jobs as he promised. The president used the most bi-partisan language he knew...
  • Video: Dem calls for pitchforks if GOP extends current tax rates in deal? (Is a deal near?)

    12/06/2010 12:01:43 PM PST · by SeekAndFind · 10 replies
    Hotair ^ | 12/06/2010 | Ed Morrissey
    Say, remember when Tea Party displays of pitchforks demonstrated the violence inherent in the Right? Meet Senator Claire McCaskill (D-MO) .. Tea Partier and radical right-winger. Fox News highlights McCaskill’s whiny response at Republican insistence on keeping all of the current tax rates in place for at least the next 2-3 years, apparently believing that this means that people keeping their own money is somehow a gift from the government. If Republicans oppose more government confiscation, McCaskill argues, then people really should start grabbing pitchforks, or something: CLICK ABOVE LINK FOR VIDEO OF CLAIRE McCASKILL... McCaskill may be offering this...
  • Millionaires to Obama: Tax us (reverse peristalsis alert)

    11/19/2010 12:50:30 PM PST · by chickadee · 49 replies · 1+ views
    Yahoo ^ | 11-19-10 | Rachel Rose Hartman
    Anti-tax activists everywhere have been loudly arguing for an extension of George W. Bush-era tax cuts for the wealthiest Americans in the United States. Now a group of millionaires is arguing the opposite. More than 40 of the nation's millionaires have joined Patriotic Millionaires for Fiscal Strength to ask President Obama to discontinue the tax breaks established for them during the Bush administration, as Salon reports. "For the fiscal health of our nation and the well-being of our fellow citizens, we ask that you allow tax cuts on incomes over $1,000,000 to expire at the end of this year as...
  • Let Obama win one...for now

    11/15/2010 6:19:26 AM PST · by justsaynomore · 49 replies
    email (Hermanator PAC) ^ | November 14, 2010 | Herman Cain
    President Obama’s defeats did not just start with the 2010 midterm election results. They started in December 2008, when President-elect Obama said “deficits don’t matter”. Well, he discovered that deficits do matter, because the American people were paying attention. They overwhelmingly rejected the runaway spending of this administration and this Democrat-controlled Congress. President Obama suffered another loss when the nearly $1 trillion stimulus spending bill did not stimulate anything but more government jobs, while the unemployment rate went up and stayed up. The American people knew we could not spend our way to prosperity, but the president ignored that fact....
  • need help refuting leftist claims about 1950s tax rates

    10/09/2010 10:42:15 AM PDT · by mainestategop · 61 replies · 1+ views
    self
    Im preparing to write an article about Liberal myths and lies concerning Bush Reagan and Obama and I keep coming back to this claim that liberals have been making on youtube and several other places that in the 1950s taxes on the wealthy were at an all time high and our economy was flurishing. Any old timers from that bygone era care to comment? Has anyone heard this?
  • Tax Fairness Reaches A Tipping Point

    03/16/2010 5:16:23 PM PDT · by Kaslin · 26 replies · 1,200+ views
    Investors.com ^ | March 16, 2010 | INVESTORS BUSINESS DAILY Staff
    Fiscal Policy: The latest data show a record number of people with no tax obligation. We also have the highest-earning nontaxpayers ever. With more riding the wagon and fewer pulling, it should soon break down. A record number of the 142 million tax returns filed in 2008 resulted in no taxes owed, according to the Tax Foundation's analysis of the latest IRS data. About 51.6 million returns, or 36.3%, were filed by those whose deductions, exemptions and tax credits wiped out any federal income-tax obligation. These aren't people who have overpaid their taxes or had so much withheld from their...
  • Words Still Mean Something

    11/05/2009 10:03:50 AM PST · by timesthattrymenssouls · 4 replies · 361+ views
    Constitutional Guardian ^ | 11/5/2009 | Nancy Tengler
    Word's Still Mean Something http://www.wiseandfrugalgovernment.blogspot.com/ "Whatever words we utter should be chosen with care for people will hear them and be influenced by them for good or ill. " --Buddha Since White House Communications Director, Anita Dunn revealed her fascination with Mao Tse Tung and his "can do" attitude that wiped some 40-60 million people off the map, I have been searching for common ground with these people. It is clear they do not value the "so-called Founders" (as President O calls them) and it is obvious to even the simplest and most trusting mind that Nancy Pelosi doesn't give...
  • PV Quiz: What Liberal Economic Icon Knew That High Tax Rates Didn’t Work?

    04/10/2009 8:19:13 AM PDT · by usflagwaver · 1 replies · 194+ views
    politicalvanguard.com ^ | 4/9/09 | Tom Del Beccaro
    This issue is seminal in America today. This issue of taxes. Frankly, it has been so on and off throughout history. Indeed, there have been taxes and tax protests in nearly every age. So in 81 BC, Chinese farmers protested land taxes especially in that time of a low crop yield. In 37 AD, in response to Emperor Theodosius' new taxes, which he piled onto existing taxes, the residents of Antioch rioted and destroyed statues of the Emperor himself. And, let us not forget what taxation without representation meant to these United States. Sadly, this issue of taxation is portrayed...
  • So What's in the Stimulus for You? Nothing!

    03/08/2009 2:45:24 PM PDT · by reaganaut1 · 34 replies · 1,773+ views
    Forbes ^ | March 16, 2009 | Janet Novack
    The $787 billion stimulus includes temporary tax breaks for workers, college students and car and home buyers, but all are denied to higher-income folks. That's because of what's known as phaseouts--the long tradition of curtailing tax breaks as income rises. Democrats had an excuse for denying the temporary tax cuts to rich folks: They're less likely to spend the extra cash and, anyway, President Barack Obama campaigned on tax cuts for couples earning up to $150,000. But phaseouts aren't just a Democratic game. For years, points out Clint Stretch, managing principal of tax policy at Deloitte Tax, politicians from both...
  • Crushing Those Animal Spirits

    03/07/2009 5:36:13 AM PST · by Kaslin · 3 replies · 361+ views
    Townhall.com ^ | March 7, 2009 | Michael Barone
    "Animal spirits," said John Maynard Keynes, are the essential spring of capitalism. We depend on the animal spirits of investors, high earners and entrepreneurs for a growing economy. Keynes, a subtler analyst of market economies than the single-minded booster of high government spending that so-called Keynesian economists depict, knew whereof he spoke. People don't just respond in linear quantum jumps to the incentives and disincentives they perceive around them. They perk up when their animal spirits are aroused, and they slump down into inertia when they are not. Barack Obama's tax plans, announced in his budget message last week, threaten...
  • Who Will Confront Hillary's Lie on the Tax Cut for the Rich?

    12/07/2007 1:22:36 PM PST · by Hillary'sMoralVoid · 12 replies · 203+ views
    7 Dec 07 | HMV
    Who will ask this simple question to Hillary? "Under which administration did the rich pay a higher percentage of income tax, Bush 43 or Clinton?" The Democrat lie machine has had us all believe that the greatest tax relief went to the rich. It is not true! If Hillary reinstated Bill Clinton's income tax rates, the rich would pay a smaller percentage of the income tax bill! See tthe follosing link: http://www.american.com/archive/2007/november-december-magazine-contents/guess-who-really-pays-the-taxes.
  • Tragic Implications (Thomas Sowell)

    08/13/2007 9:08:39 PM PDT · by jazusamo · 27 replies · 1,048+ views
    Townhall.com ^ | August 14, 2007 | Thomas Sowell
    Tuesday, August 14, 2007 Two recent tragedies -- in Minnesota and in Utah -- have held the nation's attention. The implications of these tragedies also deserve attention. Those politicians who are always itching to raise tax rates have seized upon the neglected infrastructure of the country as another reason to do what they are always trying to do. Those who live by talking points now have a great one: "How can we fight an expensive war and repair our neglected infrastructure without raising taxes?" Plausible as this might sound, tax rates are not tax revenues. The two things have moved...
  • Spiffy new jail too expensive to open

    03/17/2006 7:29:09 AM PST · by george76 · 133 replies · 3,279+ views
    A $59 million jail featuring art and flat screen TVs in Portland, Ore., has been sitting unused for more than a year as the city can't afford to open it. The Wapato Facility took two years to construct and can house 525 inmates at a cost of $20 million per year, .... The county spent more than $600,000 on art for the jail, including a sculpture out front by the circular driveway. There are 30-foot vaulted ceilings and private showers. "I love coming to an empty $59-million jail," Giusto told the Los Angeles Times. "I get tired of telling people...
  • Laffer Curve Works Again

    12/31/2005 8:45:33 AM PST · by george76 · 169 replies · 3,749+ views
    HUMAN EVENTS ^ | Dec 28, 2005 | Jerry Bowyer
    Ronald Reagan once said an economist is someone who sees something that works in practice and wonders if it would work in theory. So why is it that when confronted with a concept that works in both practice and theory, so many people refuse to believe it? The Laffer Curve, popularized by economist Arthur Laffer, says the government can maximize tax revenue by setting the tax rate at ... The logic is obvious on the ends of the spectrum: if the tax rate is 0%, the government collects no money. If it is 100%, people have no reason to earn,...
  • Laffer Curve

    11/02/2005 10:48:37 AM PST · by george76 · 12 replies · 616+ views
    Investopedia Inc. ^ | Arthur Laffer
    Invented by Arthur Laffer, this curve shows the relationship between tax rates and tax revenue collected by governments... as taxes increase from low levels, tax revenue collected by the government also increases. It also shows that tax rates increasing after a certain point would cause people not to work as hard or not at all, thereby reducing tax revenue. Eventually, if tax rates reached 100% , then all people would choose not to work because everything they earned would go to the government.