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They call me "America's Accountant", with more than 40 Years of experience As a libertarian/fiscal conservative in New York, I am appalled at what is happening to my country. Read my take on political and fiscal news of the day here on RS and at my website, www.taxpolitix.com , "The Brass Tax of Politics"

RECENT ARTICLES

    Obama and the Problem of Tax Transition Rules

    The extensive, substantive, and expensive Obamacare changes being made now on a regular basis by President Obama certainly appear to be an unconstitutional, if for no other reason than law changes of that magnitude seem clearly to be Congress’s domain. But the administration argues that these are just minor tweaks needed to ease the implementation of a vast new law. Let’s look at reality. Government | Read More »

    A Defense of Wall Street

    What is Wall Street, anyway? I would be willing to bet that 90% of the protesters from Occupy Wall Street and of self-styled liberals have absolutely no idea what Wall Street is, what it does, and how important it is. If not for Wall Street, there wouldn’t be any Main Street, certainly not as we know it today. In order for any business to be | Read More »

    The TEA Party Turns Five Today

    Today marks the fifth anniversary of the Santinelli Rant on the floor of the Chicago Mercantile Exchange, which spawned the infamous Tea Party (Taxed Enough Already?). Even if you heard it then, it’s definitely worthwhile listening to once more: The first Tea Party protests subsequently followed on February 27th to protest the American Recovery and Reinvestment Act (ARRA) stimulus bill signed by President Barack Obama | Read More »

    Work is Not A “Lifestyle Choice”

    It was certainly no surprise to most of us that the CBO report showed Obamacare was, and will be, costing the economy countless jobs. White House and congressional Democrats could have put a spin on it that this was a necessary price to pay in order to get Obama’s signature health care proposal implemented, but they didn’t do that. Instead, they chose a response which | Read More »

    Public Debt and Rate of Debt Rapidly Increasing Under Obama

    The good folks over at CNSNews reported that, according to the US Treasury, Public Debt has increased $6.666 Trillion during Obama’s Presidency. The amount of debt listed on January 20, 2009 was compared to the amount of debt held January 31, 2014 — the most current day available. Those figures are $10,626,877,048,913.08 and $17,293,019,654,983.61, respectively. That means the total amount of debt has gone up | Read More »

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    Errors & Omissions: Protecting the State of the Union From the Statements the President Made

    Errors and omissions (E&O) is the coverage that protects you from another individual or company that wants to hold you responsible for something that you provided which does not give expected results. Does the President have coverage? There were many statements made last night during the State of the Union that didn’t seem to match up with reality for many Americans. Going through the transcript | Read More »

    FLASHBACK: The 1913 Tax Return Form

    As we begin tax season, here’s something to ponder. 1n 1913, the 16th Amendment was ratified which granted Congress the ability to levy a personal income tax. Below is a scan of the tax form from 100 years ago: That is the first page of the 1913 1040. It is FOUR pages in its entirety — 3 pages of calculations and 1 page of instructions. | Read More »

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    Hillary Clinton Will Run on Repealing Obamacare

    With all the talk abuzz about an inevitable Hillary Clinton candidacy, I wager that her platform might quite likely include repealing Obamacare. Hillary is certain to declare late in the spring so that she can positively impact the midterm elections to benefit the Democrats. What would Hillary gain from a repeal-Obamacare platform? Here’s three things: First, a “repeal-Obamacare” position would effectively neuter the Republican narratives | Read More »

    Obamacare Architect Now Says If You Want to Keep Your Doctor, You Can Pay More, But Whitehouse.gov Still Says Otherwise

    On Sunday, the architect of Obamacare, Zeke Emanuel, modified another one of Obama’s promises. This time, he explained the “if you like your doctor, you can keep your doctor” now actually means “if you want to, you can pay for it,”. During Fox News Sunday, Chris Wallace pressed Emanuel to whether the promise would be upheld. Here’s the exchange, courtesy of The Weekly Standard. “The | Read More »

    How To Solve Detroit’s Pension System Problems In Just One Easy Step

    The NY Post had a good piece today by William McGurn on the state of the union (pension system) in Detroit, making the case for Detroit to switch to defined contribution plans for their union workers. McGurn is right on the mark that the such a move is critical for the city’s revitalization. Dispensing with this one particularly enormous financial burden which has added greatly | Read More »


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