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
Martin Nesbitt, the Treasurer of the Obama for President Campaign, and his several companies have numerous outstanding state tax liens, but the only tax lien anyone seems to care about is Joe the Plumber’s. Samuel J. Wurzelbacher (aka Joe the Plumber) asked a relatively benign question of Barack Obama at a rope line in Ohio two weeks ago [...]
Tags: Campaign 2008 · IRS Liens and Levies
The Dow broke a record today, climbing 900 points while the Washington Post reported that Barack Obama has announced a new proposal to solve the economic crisis. Obama outlined several costly new proposals at a speech in Toledo, Ohio this afternoon. They include: A temporary tax credit of 3k per job for firms that create [...]
Tags: Campaign 2008 · Opinion
Kay Bell of Don’t Mess With Taxes has a great piece on the tax returns of our Presidential and Vice Presidential candidates titled Palin’s tax returns, tax questions. She finds two potential problems with the Palins’ returns: 1. Late payment of taxes – the Palins’ 2007 tax return showed a tax liability of $24,738 but [...]
Tags: Campaign 2008 · Individual Taxation · IRS Audits
Like everyone else, I watched the Palin-Biden debate last night. I thought they both did very well. Palin exceeded expectations so I think it was probably a net plus for the McCain-Palin ticket. But as a tax dude my ears perked up when I heard Palin say this, [John McCain] has a good health care plan that [...]
Tags: Campaign 2008
When I started this blog I vowed that I would stay out of politics. But I’m only human. I was reading my tax feeds and came across yet another interesting post from Joe Kristan of TaxUpdates. It’s titled 51% Spend the Money of 49%. It’s short so here it is in its entirety: Regardless of [...]
Tags: Campaign 2008 · Opinion · Tax Policy
“It is one of the most beautiful compensations of life that no person can sincerely try to help another without helping themselves.” – Ralph Waldo Emerson I got this schedule from Paul Caron’s TaxProf Blog which contains selected data from Democrat Vice Presidential candidate, Joe Biden’s, federal income tax returns: Obviously, Caron is interested only in [...]
Tags: Campaign 2008 · Deductible Expenses
