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Surprise! Who's not paying federal income tax?
"Amid complaints that nearly half of tax filers in the U.S. won't pay federal income taxes this year, this has been lost: Those making $75,000-$100,000 a year are the fastest-growing share of people who don't pay federal income taxes."
10/6/2011 10:09 PM
Permalink ID:23431
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A Short History of the Income Tax
"Whether the "millionaires and billionaires" are actually paying their fair share of taxes is a matter for the electorate to decide. After all, fairness is hardly an objective standard."
9/27/2011 7:11 PM
Permalink ID:23327
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The Cynicism of Obama's Soak-the-Rich Policy
"Whenever the American left are in power and their economic policies of socialism (papered over with a capitalistic veneer) fails, it is as certain as the change in the seasons that they will claim that the cause of the failure is that the so-called rich do not pay their undefined "fair" share in taxes. Thus they will push for higher rates in the inane belief that by raising the rates, the revenue to the government will grow by an equal percentage, as they attempt to rally the populace into a unified anger over the need to punish a perceived foe."
9/26/2011 8:21 PM
Permalink ID:23316
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9/26/2011 8:11 PM
Permalink ID:23313
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Charles Krauthammer:Return of the real Obama
"In a 2008 debate, Charlie Gibson asked Barack Obama about his support for raising capital gains taxes, given the historical record of government losing net revenue as a result. Obama persevered: “Well, Charlie, what I’ve said is that I would look at raising the capital gains tax for purposes of fairness.”
9/23/2011 11:32 PM
Permalink ID:23301
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9/23/2011 11:15 PM
Permalink ID:23295
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9/22/2011 11:29 PM
Permalink ID:23279
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9/15/2011 8:09 PM
Permalink ID:23202
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Obamanomics: Government spending failed on jobs, so the president has shifted to Plan T: taxes
"When an angry Barack Obama repeatedly demanded at a joint session of Congress last week that lawmakers "pass this jobs bill," he knew their answer would be no. But at the time, no one outside the White House knew the game the president was playing."
"In one of the most deceitful ploys ever attempted against the American people, President Obama kept it to himself that he was planning a full-frontal assault on tax deductions to "pay for" nearly $450 billion in new stimulus."
9/13/2011 7:44 PM
Permalink ID:23184
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8/31/2011 10:06 PM
Permalink ID:23078
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Buffett's Latest Tax Break
"With the 70% exclusion for Mr. Buffett and his fellow shareholders, Berkshire will enjoy an effective tax rate of 10.5% on the $300 million in dividends it will receive each year from Bank of America."
8/29/2011 8:06 PM
Permalink ID:23048
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Time and again the House speaker has out-maneuvered the president
"Mr. Boehner won by shifting the debate from whether wealthier Americans should pay their "fair share" to whether it is wise to raise taxes amid high joblessness and sluggish growth. It worked. Mr. Obama started by calling for higher taxes. He ended by signing a two-year extension of all the Bush tax cuts."
8/28/2011 10:05 PM
Permalink ID:23031
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Chicago Politicians Identify the Cause of Illinois’ Economic Woes: Kankakee Taxes are Too Low
“Tax the rich” is a mantra that liberals, socialists and marxists will never stop chanting, even though they don’t really know what they are talking about. They think the solution to everything is to just keep increasing taxes, despite the evidence that lowering taxes actually increases government revenues. It’s simple: when individuals or businesses are taxed less, allowing them to keep more of their own money, they spend that money, increasing sales and creating jobs. John F. Kennedy proved it. Ronald Reagan proved it. But proof never meant anything to liberals, who have never let facts get in the way of ideology. So we won’t pursue that argument further here."
8/23/2011 10:18 PM
Permalink ID:22968
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Warren Buffett’s Fiscal Innumeracy
"Warren Buffett’s at it again. He has a column in the New York Times complaining that he has been coddled by the tax code and that “rich” people should pay higher taxes."
"My first instinct is to send Buffett the website where people can voluntarily pay extra money to the federal government. I’ve made this suggestion to guilt-ridden rich people in the past."
8/16/2011 5:17 AM
Permalink ID:22897
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California’s ‘Amazon Tax’ Already Proving a Bust
"Last month, news broke of one California-based online entrepreneur who had decided to ditch California and move to Nevada in the aftermath of Gov. Jerry Brown signing the law. ”I always figured that in California, home to Silicon Valley and a million tech startups, they’d never pass a law like this,” said Nick Loper, who formerly operated ShoesRUs and has now opened a new venture, ShoeSniper."
8/16/2011 4:22 AM
Permalink ID:22883
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Obama rips GOP rivals' hard line on tax hikes
"President Obama kicked off a three-day campaign-style bus tour Monday with a rare direct attack against the newly emboldened Republican presidential field, criticizing his potential 2012 rivals for their blanket opposition to any deficit-cutting compromise involving new taxes."
8/16/2011 4:20 AM
Permalink ID:22882
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Insane: Dingy Harry Reacts to S&P Downgrade With Call for Tax Increases
"Balanced approach? "Revenue-raising measures" (read: tax increases). He's completely out of his mind. At what point do these maniacs give up on the class warfare and realize the mess they've gotten us into isn't working?"
8/5/2011 10:23 PM
Permalink ID:22779
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8/1/2011 3:34 PM
Permalink ID:22741
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Congress Reminds Obama He's President, Not King
"Between 6 p.m. Friday and 4 p.m. Sunday, the nation began a constitutional course-correction. The current occupant's vanity and naivete — a dangerous amalgam — are causing the modern presidency to buckle beneath the weight of its pretenses. And Congress is reasserting its responsibilities."
7/25/2011 8:04 PM
Permalink ID:22681
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Racist Liberals Blast Obama's 'Stupid Social Security Tax Holiday'
"Liberal Democrats are stepping up their attacks on President Obama for his plan to extend a payroll tax break by a year."
7/19/2011 6:39 PM
Permalink ID:22626
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No, Americans Don't Want Higher Taxes
"Gallup itself breaks it out: Those who say they want the deficit reduced "only/mostly with spending cuts" total 50% of those polled. Those who say they'd like it done "only/mostly with tax increases" total 11%. That's not 80%."
7/16/2011 12:21 AM
Permalink ID:22586
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Possible new revenue-raiser: Let’s tax cats
"A late evening palate-cleanser. San Diego’s already thinking about a cat tax, to the tune of millions of dollars in new revenue if enacted."
7/14/2011 11:47 PM
Permalink ID:22582
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7/14/2011 11:18 PM
Permalink ID:22572
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7/11/2011 7:08 PM
Permalink ID:22561
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Obama: Relax, I Don’t Want to Raise Taxes Until After I’m Re-Elected
"In addition to the usual suspects, Obama is ratcheting up the pressure on authors of best-sellers. Do you know what this means? It means that Chuck Schumer has absolutely nothing to worry about....."
7/11/2011 7:05 PM
Permalink ID:22558
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Boehner Abandons ‘Grand Bargain’ Talks Over Tax Hikes
"House Speaker John Boehner is abandoning discussions with the White House on a large-scale debt deal slated to achieve $4 trillion in deficit reduction. The bone of contention is Boehner's insistence on no tax increases in the deal. Instead, Boehner said the talks should focus on reaching a smaller debt-reduction deal."
7/10/2011 11:29 AM
Permalink ID:22545
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The 1997 Bipartisan Budget Agreement cut spending and cut taxes
"In 1993 President Bill Clinton worked with Speaker Tom Foley (D) and Senate Majority Leader George Mitchell (D) to enact a law that reduced the deficit by cutting entitlement spending and raising taxes. At the time Democrats labeled this a “deficit reduction law,” while Republicans labeled it a “tax increase law.” The law passed Congress with only Democratic votes – all Republicans voted no."
"A little more than a year later, Republicans won the 1994 elections and took the majorities in the House and Senate. In 1995 Republicans passed a spending cut bill that would have balanced the budget, and another bill that cut taxes. President Clinton vetoed both."
7/10/2011 10:03 AM
Permalink ID:22530
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7/10/2011 10:02 AM
Permalink ID:22529
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Religion, Rangel and the Debt Ceiling
"In what seemed more like a Sunday church service than a Capitol Hill press conference, Rep. Charlie Rangel, D-N.Y., called out for his fellow lawmakers and all Americans to do "the Lord's work" as a solution to fixing the debt ceiling."
7/9/2011 1:16 PM
Permalink ID:22518
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7/9/2011 1:13 PM
Permalink ID:22516
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The Bistromath Economy
“The numbers, they are awful.”
7/9/2011 9:59 AM
Permalink ID:22515
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Debt showdown set for Sunday
"The White House and congressional leaders lurched closer to a climactic showdown over the debt limit Thursday, as President Obama scheduled a Sunday meeting that could determine whether a broad deficit-reduction deal can be reached before time runs out."
"Obama on Thursday convened a bipartisan summit of eight top lawmakers from the House and Senate. Officials in both parties acknowledged the mounting urgency of forging an agreement in time to avoid a federal default after Aug. 2."
7/9/2011 9:35 AM
Permalink ID:22513
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Minnesota's Misguided Cigarette Tax
"There is a sense of bitter irony in Democratic Minnesota Gov. Mark Dayton’s new cigarette tax proposal, which is aimed at bridging the Gopher State’s budget gap. In 2005, then-Gov. Tim Pawlenty used an increase in cigarette taxes—which he called a “user fee”—to solve a state budget crisis that had shut down the government. Yet today Minnesota finds itself right back in state finance hell."
7/8/2011 8:31 PM
Permalink ID:22493
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Dem seeks 50-50 split: Taxes and cuts
"Democrats’ Senate Budget chairman will present a spending plan to his party leaders Wednesday that seeks to cut the federal deficit through an equal split of tax hikes and spending cuts."
"Senate Budget Committee Chairman Kent Conrad (N.D.) will brief Democratic leaders on a budget that significantly raises government tax revenues in order to reduce the deficit, according to Senate sources."
7/5/2011 8:41 PM
Permalink ID:22474
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Tax, that amounts to triple taxation in the state for online S-corporations
"California and Governor Jerry Brown made a massive error in the formation of a California Online Tax, that amounts to triple taxation in the state for online S-corporations. Amazon and Overstock aren't the only ones hurt by the new tax, and it should be challenged in court..."
6/30/2011 10:33 PM
Permalink ID:22404
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Boehner: Obama 'sorely mistaken' about House passing tax increases
"The President is sorely mistaken if he believes a bill to raise the debt ceiling and raise taxes would pass the House. ... A debt limit increase can only pass the House if it includes spending cuts larger than the debt limit increase; includes reforms to hold down spending in the future; and is free from tax hikes," Boehner said in a written statement."
6/30/2011 8:03 PM
Permalink ID:22398
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Morning Bell: The Truth About Tax Cuts
"All you are likely to hear about low tax rates from liberals and their echo chamber in the media is that they don’t work—that they fail to gin up economic or job growth. Exhibit A for this preposterous proposition is the Bush tax cuts. The left wants you to accept it as conventional wisdom that the policy was a bust."
6/22/2011 4:52 PM
Permalink ID:22226
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Why 70% Tax Rates Won't Work
"Memo to Robert Reich: The income tax brought in less revenue when the highest rate was 70% to 91% than it did when the highest rate was 28%."
6/15/2011 10:55 PM
Permalink ID:22187
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6/8/2011 9:47 PM
Permalink ID:22151
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Pawlenty Proposes Three-Tier Income Tax System
"Republican Tim Pawlenty was set to propose an economic policy Tuesday that would simplify individual tax rates to just three options and cut taxes on business by more than half as he offered himself as a replacement to Barack Obama in the Democratic president’s hometown."
6/7/2011 8:14 AM
Permalink ID:22127
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The President's Low-Tax Lie
"Revising History: In the left's endless attempt to push tax hikes on our beleaguered economy, it's now peddling the bogus claim that tax rates are the lowest they've been in 60 years."
6/4/2011 10:24 AM
Permalink ID:22074
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California Assembly Bill Requires Online Retailers to Collect Sale Taxes
"The bill, approved 47-16 yesterday, directs retailers that have a physical presence in the state to collect sales taxes on online transactions. Such a tax may net $83 million a year, according to the California Equalization Board, the authority that collects sales and use taxes in the state."
5/31/2011 11:39 PM
Permalink ID:22042
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Texas: No new taxes , but schools face a $4 billion hit
"Texas lawmakers approved a $172.3 billion, two-year budget on Saturday that cuts billions from education and human services and uses accounting maneuvers to cover a budget shortfall.
The measure, which goes to Gov. Rick Perry, would cut $15.2 billion, or 8.1 percent, from current state and federal spending combined. It avoids new state taxes and leaves billions untouched in the state's rainy day fund."
5/29/2011 11:01 PM
Permalink ID:22013
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