The Wall Street Journalreported yesterday that Miami Dolphins’ owner, Wayne Huizenga, wants to sell up to half of his ownership interest in the NFL franchise before Obama takes office and “doubles” the capital gains rate: Mr. Obama is in fact proposing to raise the capital gains tax to 20% from 15% — which would be [...]
Tags: Campaign 2008
The Kansas City Star reports that despite McCain and Obama’s arguments that their plans are better for small business, there really is little difference between the two: Tax experts . . . suggest that the candidates’ blueprints for helping small business are virtually identical for all but 2 percent to 3 percent of the highest-income small [...]
Tags: Campaign 2008 · Legislative Watch · Tax Policy
To extinguish the free will is to strike the conscience with death, for both have but one and the same life. – William Ellery Channing- Joe Kristan of Tax Updates blogged about an interesting, new defense chronic non-filers can use when charged with intentionally failing to file their income tax returns: Lawyers for top Paterson administration [...]
Tags: Tax Collections · Tax Crimes · Unfiled Returns
Tax Scam Promoter, Elmer Gantry The laws of the United States are written in the English language. Consequently, they contain both the richness and the limitations attendant to that language. The tax code uses the term “person” to describe the entities that are subject to its provisions. Promoters of tax protest scams play semantics with the word “person” [...]
Tags: Absurd Tax Protester Arguments
Ever since Barack Obama was caught on camera telling Joe the Plumber he wanted to spread the wealth around, John McCain and Sarah Palin have stridently accused him of favoring socialism. Not surprisingly, this has caused several tax bloggers to come to Mr. Obama’s defense. Here are excerpts from some of the more interesting posts: Share [...]
Tags: Campaign 2008 · Tax Policy
The Tax-O-Sphere is percolating with some more juicy tax news about Sarah Palin. It was revealed recently that the Republican National Committee spent $150k on giving Mrs. Palin a makeover that included new clothes, hair styling and makeup. Kay Bell of Don’t Mess with Taxes describes the issues well in Palin’s Duds. Uniform? Loan? Donation? and posited the [...]
Tags: Campaign 2008 · Deductible Expenses · Employer Issues · Gross Income · Individual Taxation
Listen to Republican candidate for President, John McCain, talk about taxes: Listen to Democrat candidate for President, Barack Obama, talk about taxes: What do you think? I would love to hear your answers to the following questions: How do you define “rich?” Is imposing higher taxes on “rich” people “punishing success?” Do “rich” people have [...]
Tags: Campaign 2008 · Tax Policy
