Self-declared undertaxed billionaire Warren Buffett says he’ll contribute money to the Treasury if self-declared overtaxed Republicans do the same. You read that right. Let me illustrate Buffet’s crazy reasoning with a bit of imaginary dialogue straight from the theater of the absurd: Warren Buffett: All rich people should pay more taxes because I don’t think I don’t pay [...]
Tags: Politics of Taxes · Tax Policy
Courtesy of Paul Caron in Johnston: Your Tax Dollars At Work, Unconstitutionally: Reuters, A Gift, From NY to Abu Dhabi, by David Cay Johnston: How does being taxed to give money to the oil-rich kingdom of Abu Dhabi and its hereditary ruler strike you? The cost, if you live in New York State, comes to about [...]
Tags: Corporate Tax · Politics of Taxes · Tax Policy
Joseph Henchman of Tax Policy Blog reports in Colorado Voters Reject Income and Sales Tax Increase: Colorado voters yesterday rejected Proposition 103, which would have raised $2.9 billion between 2012 and 2016 by raising the state income tax from 4.63% to 5% and the state sales tax from 2.9% to 3% for five years. 36.3% voted [...]
Tags: State Taxes
Greg Mankiw calls the left out on another tax fib in Obama versus Clinton on Tax Policy: One of the common memes about tax policy is that President Obama just wants to return the tax code to where it was during the Clinton years. The problem is, this is just not true. This table from the [...]
Tags: Politics of Taxes · Tax Policy
Russell Simmons is a rich liberal who claims he wants to pay more taxes then hypocritically fails to avail himself of the opportunity to do so: The idea that I can’t pay more taxes is crazy, that oil companies can’t repeal a tax break that they got is nuts with the success that they have. The Dow Jones [...]
Tags: Politics of Taxes · Tax Policy · The Economy
According to a Reason-Rupe Poll nearly 69 percent of taxpayers expect their taxes to go up in the next five years and 62 percent think Congress will spend tax increases on new programs instead of paying down debt i.e. the government will use the new money to expand government rather than pay down the deficit. We’ve [...]
Tags: News · The Economy
This one is from PowerLine via The Corner: In response to Warren Buffett’s op-ed urging higher taxes on the rich, fellow rich person Charles Koch makes a simple but vital point: Much of what the government spends money on does more harm than good; this is particularly true over the past several years with the [...]
Tags: News · Politics of Taxes
