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Tag Archives: Taxes

Taxed Enough Already?

Wednesday, May 22, 2013

© Matt Bors Isn’t it the job of the IRS to investigate tax-exempt organizations to make sure they really are legal? I sure want the IRS investigating organizations who accept anonymous money and spend it to affect elections. Not to mention tax-exempt organizations who put up websites advocating overthrow of the US government or not [...]

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Moving the Cliff

Tuesday, January 1, 2013

Congress acted slightly after the last minute tonight, with the House voting to approve legislation to avert the so-called fiscal cliff. Taxes will not go up on families earning less than $450,000. But the whole point of the “fiscal cliff” was so that Congress would be pressured into dealing with the long-term deficit. Which they [...]

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Excessive Excavation

Friday, December 14, 2012

© Clay Bennett Taxes are at historic lows since WWII. And we did pretty well while taxes were high. Why is letting them go back up to where they were during the Clinton administration such a issue? Yes, our population is aging, and this will be a problem for Social Security and Medicare, but the [...]

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Balance

Monday, December 10, 2012

© Tony Auth Republicans have already broken Grover Norquist’s pledge by offering to close tax loopholes, so why are they so dead set against letting the Bush tax cuts for the rich expire? Those tax cuts were never supposed to be permanent, and there are many wealthy people who think their taxes should go up. [...]

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The Final Frontier

Thursday, December 6, 2012

Great (and short) blog post from George Takai — “Tax Me, Please“.

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Irresponsible Reporting

Tuesday, December 4, 2012

From Michael Grunwald in Time Magazine. Finally someone called them out on this: It’s really amazing to see political reporters dutifully passing along Republican complaints that President Obama’s opening offer in the fiscal cliff talks is just a recycled version of his old plan, when those same reporters spent the last year dutifully passing along [...]

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Them’s the Breaks

Monday, December 3, 2012

An article in the NY Times with the innocuous title “Lines Blur as Texas Gives Industries a Bonanza” brings up one of my pet peeves. The article is about how Texas gives out billions of dollars in tax breaks to entice companies to open factories in the state. Where does this money come from? Last [...]

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Loophole, or Lifeline?

Tuesday, November 27, 2012

Republicans now say that they are willing to “compromise” by raising revenue in addition to cutting services, but they want to raise revenue by closing tax loopholes rather than raising tax rates. This is a hypocritical smokescreen rather than an honest proposal. Politico has an interesting article “Tax loopholes alone can’t solve fiscal cliff“, which [...]

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Broken Record

Sunday, November 25, 2012

© Mike Thompson Even Republicans who are pretending to want to compromise are saying they will only do it only if the Democrats agree to “entitlement reform“, which is their code phrase for cutting Medicare and Social Security. This is their plan for gaining popularity? Or just a ploy so they won’t be blamed when [...]

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Crack in the Republican Armor

Saturday, November 24, 2012

Leading Republican Senator Saxby Chambliss has publicly renounced Grover Norquist’s anti-tax pledge, stating “I care more about my country than I do about a 20-year-old pledge.” Chambliss may not be the first, but he is definitely the most prominent Republican to say he no longer feels bound by the pledge (which he signed) to not [...]

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Loopholes

Wednesday, October 10, 2012

The Village Voice has an excellent article listing “the ten most corrupt tax loopholes”. Mitt Romney says he will balance the budget (while cutting taxes and increasing military spending) by closing tax loopholes. But he won’t tell us which loopholes. For example, the loophole that allows Apple to pretend they are an Irish company and [...]

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Return on Investment!

Tuesday, September 11, 2012

The Center for American Progress gives a good example of why people like casino magnate Sheldon Adelson are willing to throw so much money at Republican candidates. Adelson says he plans to spend $100 million to get Mitt Romney elected. That’s on top of the money he spent on Newt Gingrich, and doesn’t count the [...]

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Wealth doesn’t trickle down – it just floods offshore

Thursday, September 6, 2012

According to new research, the world’s super-rich are taking advantage of offshore tax havens to the tune of between $21 to $32 trillion dollars. Yes, trillion. To put that in perspective, that’s more money hidden abroad than in the entire American economy. This is a double whammy to economic growth and recovery. Not only does [...]

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Equal Pay for Equal Work?

Saturday, August 25, 2012

I know this is a few months old, but it is both hilarious and interesting from a political viewpoint. Even monkeys (as well as dogs and birds) understand basic fairness. So why do Republicans think it is fair when wealthy people pay a smaller percentage of their income in taxes?

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Just Starting to Gawk at Romney’s Taxes

Friday, August 24, 2012

Yesterday, Gawker published 950 pages of “internal audits, financial statements, and private investor letters” for companies and other entities in which Mitt Romney has a significant investment interest (mostly through Bain Capital). The whole thing reeks of irony. Indeed, defenders of Romney scream that Gawker itself, while pointing out that Romney avoided taxes by using [...]

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