With all the grousing about the AMT (Alternative Minimum Tax) and the plans to “do something” about it, the following factors must be considered. Charles Rangel, Democratic Chairman of the House Ways and Means Committee’s plan is to raise taxes (don’t worry, you won’t be left out) elsewhere to “pay for” reducing the AMT. [...]
Michael Moore, please call your office – or the church. In a stunning move, the very liberal Episcopal Church unintentionally repudiates Michael Moore’s manipulative movie Sicko.
As is typical for the Episcopal Church, the Church again injected politics into the pulpit, at least this time, it was something that people could -and should- [...]
Echoing his comments in June, Warren Buffett is complaining about tax rates as being too low. The relevant question is: has he done anything about it or is he just being a hypocrite, again?
Let’s see what Buffett has actually done instead of said: Buffett is giving away is fortune (http://money.cnn.com/2006/06/25/magazines/fortune/charity1.fortune/). [...]
“Mr Buffett said that he was taxed at 17.7 per cent on the $46 million he made last year, without trying to avoid paying higher taxes, while his secretary, who earned $60,000, was taxed at 30 per cent.” (see Times Online article)
Sounds like Warren Buffett has a perfect argument to lower his secretary’s tax rate [...]
The phrase “Race to the Bottom” is a semantic slight of hand used to attempt to color your opinion prior to even looking at the situation over which the phrase is used. The phrase “Race to the bottom” was coined by US Supreme Court Justice Louis Brandeis in the 1933 case, Ligget Co. v. Lee [...]
Wednesday, February 25, 2004
Out-sourcing jobs?
The “crisis” in the U.S. about “exporting jobs,” will become a campaign issue. However, the immense impact of the United States’ taxation of exports is being ignored.
Politicians will attempt to dismiss the cause as “greed” by corporate interests which requires more laws from Washington. The fact is that the [...]