Last Tuesday Americans made Barack Obama their first black President and Californians voted to amend the State constitution to prohibit gay marriage. Proposition 8 adds this language to the constitution; Only marriage between a man and a woman is valid or recognized in California. Lesbian rock diva, Melissa Etheridge, a Californian who presumably voted against Proposition 8, says that because [...]
Tags: Campaign 2008 · Legislative Watch · Tax Policy
My guy lost yesterday . . . but, I still love my country. I won’t be moving to France. I won’t accuse Democrats of cheating. I won’t call my country a “sick puppy.” I won’t call the American people “dumb.” I won’t root against President Obama. I won’t call President Obama a “chimp” or “stupid” or [...]
Tags: Campaign 2008
Per yesterday’s Miami Herald: Warming up the McCain crowd: Jorge Luis López, a Republican running for state house District 107 [said],”We know why Democrats are supporting Obama’s tax plan . . . . most of them don’t pay taxes and the rest of them cheat on them.” Apparently, that includes his opponent, Democrat Luis Garcia. [...]
Tags: Campaign 2008
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
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
