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Archive for Taxes

commerse clause debate

If you tax something, you get less of it!

From The Atlantic article “How Taxes Changed Boxing“:
“The 1950s was the era of the 90 percent top marginal tax rate, and by the end of that decade live gate receipts for top championship fights were supplemented by the proceeds from closed circuit telecasts to movie theaters. A second fight in one [...]

JAMES PETHOKOUKIS: 5 reasons why the Tea Partiers are right on taxes.

JAMES PETHOKOUKIS: 5 reasons why the Tea Partiers are right on taxes.

OIIOHH

During his election campaign, President Obama made a very clear and unambiguous promise: If your family makes less than $250,000 per year, then none of your taxes will be increased — period.
But in order to gloss over the tax increases contained in Obamacare — on the sick, the uninsured, and durable medical [...]

happy tax day!

Today is that unofficial American holiday where we mourn the loss of a year’s worth of productive private resources to our bloated federal government. And it’s not just the actual dollars paid to Uncle Sam – it’s also the economic loss due to all the time and money wasted trying to [...]

i tell a joke…

The local bar was so sure that its bartender was the strongest man around
that they offered a standing $1000 bet. The bartender would squeeze a lemon until all the juice ran into a glass and hand the lemon to a patron. Anyone who could squeeze one more drop of juice out [...]

oiiohh

The Washington Post’s story on the “good news” on the deficit is remarkably free of the context that should accompany every story on the explosion in government spending.  Except for this chart:

This is a ruinous level of spending, the sort of wildly-out-of-control hosing of printed money that could lead to a national fiscal [...]

complicated IRS forms

Tax writers can’t figure out the tax code, either. “IRS Commissioner Doug Shulman practically ran away when The Daily Caller asked him whether he prepares his own taxes. Millions of Americans struggling through complicated IRS forms in the weeks leading up to tax day — April 15 — might like [...]

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