“If anything, we need higher gas taxes.” - Alice Rivlin, former Clinton White House budget office, now Barack Obama supporter, May 6, 2008
Hillary Clinton and John McCain agree that the Federal gas tax should be eliminated for the summer. Barack Obama advisors argue for a higher gas taxes. Experience shows that one who is willing [...]
“And [Buffett] has said, and I think a lot of us who have been fortunate are willing to pay a little bit more to make sure that a senior citizen who is struggling to deal with rising property taxes or rising heating bills, that they’ve got the coverage that they need.” Barack Obama, November 11, [...]
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. [...]
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 [...]
Brian Lamb of CSPAN obviously has no idea what the meaning of the word “give” is.
Politico.com quotes him as stating:
“We are not a taxpayer organization … We get no federal funds, state funds, local funds. We get our money from you. You give us a nickel a month when you pay your bills, and that’s [...]
As you may already know, the State of Florida is currently considering a measure to eliminate the Florida Property tax during a special session (June 12-22, 2007), so action today is important. Property values in Florida have increased significantly over the past 5 years - 11 percent, 12.2 percent, 18.2 percent, 19 percent and [...]
Taxpayer Bill of Rights
The Governor of Colorado, Bill Owens (Wall Street Journal, Letters, June 24, 2005) laments that the ratcheting down effect in the Tabor and calls it a “flaw.” In fact, it is a strength of those bills. He also claims that it “hurts”. The question is, who does it hurt? The politicians who [...]
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 [...]
A liberal is someone who feels a great debt to his fellow man, which debt he proposes to pay off with your money.–G. Gordon LiddyA government which robs Peter to pay Paul can always depend on the support of Paul. –George Bernard ShawForeign aid might be defined as a transfer from poor people in rich [...]
January 10, 2004
In response to Wesley Clark’s “Real Tax Reform” article in the Wall Street Journal of January 9, 2004 calling for more “fairness” in the tax code and the AMT, at least we now know exactly where Wesley Clark stands on equality: As long as the minority is a small enough voting block, it [...]