Archive for the 'Tax' Category

Quote Of The Day

Your income taxes are normally due on April 15th unless that date falls on a Saturday or Sunday, in which case they are due on Monday the 16th or 17th.
However, under the new administration’s policies and for the next 4 years, taxes will not be due until you are nominated to a cabinet position. -
Anonymous
(Discuss [...]

Obama Concedes That Lower Taxes Benefit Economy

Wow!  Unless I’m very confused, beneath all the O-babble here, Obama is conceding that low taxes benefit the economy:
Democrat Barack Obama says he would delay rescinding President Bush’s tax cuts on wealthy Americans if he becomes the next president and the economy is in a recession, suggesting such an increase would further hurt the economy.
Nevertheless, [...]

Hypocrisy Alert: DNC Employees Receive Tax Free Gas In Denver In Possible Illegal Gift From City

Taxes Fine for You Lowly Peasants, Democrats Avoid Tax Pain At The Pump, Dem Mayor Lies About Republicans

Earlier this year John McCain called for a gas tax holiday during the Summer in order to ease the burden of the cost of gasoline. Hillary Clinton agreed with the idea but Barack Obama and many other Democrats [...]

The Benefits of a Low, Stable Tax Base

Democrats have one attitude towards taxes:  raise ‘em.  The higher they are, they think, the more money that government will have to redistribute to those the Democrats deem worth. They never seem to grasp that low, stable taxes are infinitely more beneficial to the economy, in both boom times and bust.
Obama, of course, is foremost [...]

NYT’s Editor Richard Conniff Calls To Abolish Taxes

New York Times Op-Ed contributor Richard Conniff wrote a piece where he calls for us to abolish all taxes; his method for accomplishing this is to change the word “taxes” to “dues”. Conniff writes that this would take a page from the conservative play book where words are changed to reframe the debate. He cites [...]

George Harrison Wrote About Obama

‘Taxman’ was when I first realised that even though we had started earning money, we were actually giving most of it away in taxes. It was and still is typical. - George Harrison
The Beatles (a famous musical group for those of you too young) had a song about the Taxman. When George Harrison wrote that [...]

The Maryland Tax Rape Plan

The legislature of Maryland wrapped up the Special Session called by Governor O’Malley and the result is going to be very painful to Maryland residents. For the past three weeks the legislature has been mulling over how to screw the citizens of this state out of their hard earned money and they finally succeeded at [...]

Why Have the Tax Cuts Been So Bad?

Each of the front-running Democratic candidates has promised to raise taxes, to remedy the “disastrous” tax cuts that President Bush put into place. What I’ve somehow missed from them, though, is any explanation about why the tax cuts are so disastrous. I’m not saying the Dems don’t have an explanation. I’m just [...]

So……What’s Stopping Warren Buffett?

Warren Buffett, the billionaire who has not yet found a way to enjoy his wealth, complains that he does not pay enough income taxes and states that he pays less than his employees who make far less money. Buffett indicated that he does not have accountants, (I find that hard to believe), and that he [...]

More Democrat “Fairness”

Charlie Rangel has introduced a new tax scheme to extort more money from people making what he considers to be rich people money. The tax increase would offset a reduction in the taxes that corporations pay and it would increase the earned income tax credit. Rangel’s “fair” plan would charge a surtax of 4% on [...]