Taxes

Posted at 8:23pm on May 15, 2008 Younganomics

By redscan

Don Young has just voted to increase taxes.
He has joined the cause of the "tax maggots."
"They" are stealing from us again.
GOP leadership in Congress is nonexistent.

Present voters left the liberals to vote against the funding for Afghanistan and Iraq.
Instead the money goes to New Orleans.
Is it "safe"?
Not with these guys.

Don Young represents Alaska but spends for Florida.
Coconut Road? Coconut "head."

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Posted at 4:02pm on May 13, 2008 The Biggest Government......Ever

By Spartan4Life

Okay. So it is official. We are now at an all time high for government spending AND revenue. Read about it here

There is so much wrong with this it is hard to know where to even begin. We have record revenues at the same time our deficit is spiraling up? This all happened under a "Republican" president and Congress? The Democrats want to raise our taxes even more? I just have to laugh when I hear President Bush saying we should give another $100B to Africa to fight aids, most of which ends up in the hands of corrupt politicians, BTW, or that we need to save Myranmar from the ravages of their cyclone. Doesn't anybody in Washington get it?

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Posted at 12:26pm on May 3, 2008 How about a windbag prophets tax?

By Josh Painter

The Democrats are a political party so devoid of ideas that they can't even come up with new bad proposals and are reduced to simply reinventing their old terrible ideas. A case in point is the so-called windfall tax on oil company profits. Both Dem contenders for the presidency favor a version of this old turkey.

Here's the Barack Obama flavor:

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Posted at 11:17am on May 2, 2008 Missouri One Ups the Feds

By simpson316

In national politics, there has been much discussion about Senator John McCain's (R-Az) proposal for a federal gas tax holiday. Well, the State of Missouri has just moved one step closer to getting this done. Yesterday, the Missouri Fiscal Review Committee passed the measure on to the general assembly with a recommendation to pass the bill. [Summary of bill here] It looks like Missouri wants to do some good for its citizens this summer. Does anyone else want to step up?

There is more to the bill to be happy about too. Read on.

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Posted at 1:22pm on Apr. 30, 2008 Al Franken Implements Senator Harry Reid's "Voluntary" Taxation Strategy

By Jenn Sierra

Last month, Sen. Harry Reid (D-NV) tried to convince Jan Helfeld that taxation is voluntary. Of course for high-powered Democrats like Harry Reid, details such as accurately disclosing one's income and property apparently is optional.

So, Al Franken, who is trying to get one of those U.S. Democratic Senate jobs (Minnesota) where taxation is "voluntary," yesterday announced that he has chosen to pay $70K in state income taxes to 17 states over the last five tax years. Why didn't he voluntarily do this before? Well, it's his accountant's fault, of course.

In the true spirit of today's Democratic Party, insiders are happy to report that a revelation of tax evasion by their candidate in 17 states has not significantly damaged his Senate campaign in Minnesota...they'll continue to watch the polls to determine whether he's fit to represent taxpayers in the United States Senate. A word of caution, however:

DFL insiders say Al Franken committed a huge blunder by not hiring an independent opposition researcher to see what dirt could be dug up on him before he launched his candidacy.

So, apparently, if you're a Democrat, taxation is voluntary, but you need to cover your financial tracks better if you're smack-dab in the middle of an election campaign.

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Posted at 11:42am on Apr. 30, 2008 Robbin’ Hoods

By BobParks

Almost two years ago, I warned those who longed for a Democrat president to compliment a Democrat House and Senate, look no further than the great example that would be the Commonwealth of Massachusetts. Start with carpetbagger Governor Deval “Together we can” Patrick and a fiscally undisciplined legislature, and the money mess was the writing on the wall.

While overturning previous Romney-era fiscal vetoes, that gave us a billion dollar-plus surplus, and giving us an almost billion dollar deficit overnight, Massachusetts is eagerly looking for more businesses to soak for revenue, and justified or not, they now have their eyes on tax-exempt endowments from colleges.

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Posted at 11:09pm on Apr. 26, 2008 The Government Makes More Money on Gasoline Than the Oil Companies

By patriotroom

I recall reading somewhere recently that the oil companies only made about 9% profit on sales of gas. Certainly not a number worthy of all the spleen venting on the left. Then I found out that other industries like Food and Beverage or Banking have even higher profit margins. From Government is Not Your Daddy.

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Posted at 2:34pm on Apr. 23, 2008 RNC's stupid tax ploy

By David Adams

If the latest fiscal policy idea from the McCain campaign is an indication of what lies ahead, the GOP nominee would do better to go back to watching from the sidelines as Hillary and Obama bleed each other dry. McCain's big plan is to go back into the old playbook and talk about suspending federal gas taxes for the summer.

If he thought about it, he would reject this idea for the same reason he opposed some of the Bush tax cuts: if this move doesn't correspond with spending cuts of an equal amount, then all we are doing is wasting our time on another expensive political stunt.

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Posted at 3:14pm on Apr. 18, 2008 One Solution for Government Entities Facing Budget Problems

By simpson316

How One Missouri City Made a Change to Save Taxpayers Millions

In 2003, The United States Congress created a novel idea in health care funding: The Health Savings Account. It was included in the Medicare Prescription Drug, Improvement and Modernization Act of 2003. [I like to refer to it as the good part of the bill seeing as how Part D has proven to be a budget disaster for the government.] Under the new plan, a consumer (or employer) purchases a high-deductible health plan (HDHP) and opens a health savings account (HSA).

The HSA has been commonly referred to as a “medical retirement fund” because of its similarities to an IRA (or 401k in employer purchased situations). Money that is deposited into the account is tax-deductible, reducing the consumer’s tax liability. The account grows on a tax-deferred basis (You don’t have to worry about getting a 1099 each year to file with your taxes). When money is withdrawn from the account for qualifying medical expenses (see IRS Publication 502 for a complete list of qualifying expenses) the money is tax-free. The account is owned by the consumer (important in the case of employer-sponsored plans) which means that they are able to take the money with them if they leave the employer.

How does this save government entities money? Read On.

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Posted at 3:15am on Apr. 18, 2008 Grassley: tax cuts are the same as spending.

By trevino

This piece originally appeared at Grassley Watch, where we're trying to get Iowa's Republican Senator to ... act like a Republican.

This is a month old, but worth revisiting for the curious insight it gives us into the mindset of Senator Charles Grassley, who can't quite tell the difference between a tax cut and government spending. In his March 10th remarks on the Senate floor at the opening of debate on the federal FY 2009 budget, the Senator noted the Democratic takeover of Congress in January 2007, and asked, "Did the people really want us to increase spending and raise taxes? That's not what I heard back home. What I heard from folks across Iowa was rein in the spending. Live within your means. That's what I heard." So far, so good: a welcome note of fiscal responsibility from a Senator who is not always a friend to the notion.

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Posted at 9:30pm on Apr. 16, 2008 More on House Speaker Andy Dillion Recall (Michigan)

By Warner Todd Huston

Warner Todd Huston

This fight is getting fierce, as I reported last month. Like all Democrats who claim to be interested in democracy, politicians like Dillon reveal that they are far more interested in keeping their political power than they are in serving the people. Dillon is the Speaker of the House of the State legislature who is using union thugs to stop citizens from signing a recall petition aimed at relieving him of his office over his support of wasteful spending and a massive tax increase.

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Posted at 11:39am on Apr. 16, 2008 Let’s Fool Taxpayers And Hide Taxes Behind A New Name: 'Dues'

By Warner Todd Huston

-By Warner Todd Huston

Well, it was just April 15th and we all know what that means. It was tax day, the day when we must pay tribute to the Lords in Washington. And on that day, The New York Times published a new spendaholic, high taxing idea to fool America's taxpayers into accepting more tax by pretending it is something else. Stuffed with bad historic interpretation, Republican slamming, and typical old style Stalinist rhetorical games-playing this editorial by Richard Conniff whimsically dreams the dreamy, dream that we aren't taxed enough and how we might fool Americans into paying more by just using a different name for them. To whit they aren't to be called taxes anymore. They're to be called "dues."

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Posted at 10:59am on Apr. 16, 2008 Stand up for hardworking American taxpayers - simplify the tax code!

By Rep. Tom Feeney

Yesterday, hardworking taxpayers across America once again scrambled to comply with our nation's burdensome and confusing tax code. It seems as though each year complying with the federal tax code becomes more time consuming and tricky. According to the Tax Foundation, as of 2005, IRS regulations contained over 6,958,000 words - that's almost nine times the total number of words in the King James Bible. Additionally, the IRS currently lists 1,047 separate forms, schedules, and instructions on its website. In fiscal year 2006, the IRS estimated that individual and business taxpayers spent 6.65 billion hours complying with tax laws. That is the equivalent of 3.2 million employees working 40-hour weeks year-round without any vacation. Clearly, American taxpayers are spending too much time and money complying with the current tax code, and I am working hard to make the process of paying taxes easier and more fair on everyone.

Ultimately, the American people deserve a completely new tax code - one that is not tweaked and twisted into a complex maze of rules, provisions and loopholes. It should be a priority of every Member of Congress to lower federal taxes and make the tax code fairer and simpler. I have laid out my priorities in the American Taxpayer Bill of Rights and am supportive of other measures to accomplish this goal.

Last year I introduced, as a member of the Republican Study Committee, the "American Taxpayer Bill of Rights." This established four basic rights to ensure that taxpayers across America receive a more efficient and accountable government. These include:

1. Taxpayers have a right to have a federal government that does not grow beyond their ability to pay for it.
2. Taxpayers have a right to receive back each dollar that they entrust to the government for their retirement.
3. Taxpayers have a right to expect the government to balance the budget without having their taxes raised.
4. Taxpayers have a right to a simple, fair tax code that they can understand.

Currently in Congress, multiple bills have been introduced that would help to stabilize and grow the American economy through tax cuts. Instead of passing legislation to help American taxpayers keep more of their hard earned money to reinvest in their own futures, Democrats passed the largest tax increase in history, causing capital and jobs to flee America.

Read on . . .

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Posted at 11:58pm on Apr. 15, 2008 Go Ahead, Blame the Assessor, But You'd Be Wrong

By educationmatters

Last week I published the statements of Grant Towship Assessor, Walt Kubalanza explaining how the Assessor is not blame for the high taxes. This week, I have an excerpt from a letter to the editor claiming Mr. Kubalanza is not telling the truth.


          

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Posted at 8:51pm on Apr. 14, 2008 Swimming Pools Marked as 'Necessity' in Cash-Strapped Toledo

By Warner Todd Huston

Warner Todd Huston

Maggie Thurber over at Thurber's Thoughts has a story that reveals the nanny state foolishness we are so woefully stuck with these days.

Apparently, the City of Toledo, Ohio is sinking over half a million dollars into keep their city swimming pools afloat all the while the city is whining that they are out of cash and need to raise taxes. Naturally, the excuse is that the city is somehow obligated to provide entertainment for its citizens. You'd be excused if you thought that a little idiotic.

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