Posts in "Taxes"

Barry Kuzay's picture
By Barry Kuzay at 5:52PM

Google Starves the Feds; Bloomberg Unleashes its Hate for Freedom

Congratulations to Google, Inc. on using tax loopholes to prevent the criminal leech mafia (IRS) from collecting $3.1 billion dollars.  Bloomberg has the report, which considers this a travesty rather than a win for liberty.  Here is a disgusting excerpt from the article:

Google is “flying a banner of doing no evil, and then they’re perpetrating evil under our noses,” said Abraham J. Briloff, a professor emeritus of accounting at Baruch College in New York who has examined Google’s tax disclosures.

“Who is it that paid for the underlying concept on which they built these billions of dollars of revenues?” Briloff said. “It was paid for by the United States citizenry.”

Wait...what?  Google is a government-funded institution?  I didn't know this!  Oh wait, it isn't.  But, here is Bloomberg's [lack of] logic: Google's cofounder Sergey Brin received taxpayer funded scholarships while in college, therefore Google partly belongs to the government.

Alert to college students: Bloomberg is claiming that if you receive any government financial aid in college, any future use of the skills you learned in college belongs partly to the government.  Extending this illogic leads to the conclusion that anyone who teaches you something, or pays for you to learn something, can lay partial claim to the fruits of your labor for the rest of your life.

Zak Slayback's picture
By Zak Slayback at 6:32AM

Tunes of Liberty: Taxman (The Beatles)

Let me tell you how it will be; 
There's one for you, nineteen for me. 
'Cause I’m the taxman, 
Yeah, I’m the taxman.

These are the opening words to the Beatles' hit song Taxman, and oh do they ever ring so true.


Read more here
Zak Slayback's picture
By Zak Slayback at 8:13PM

We Know Who YOU Are Too...

Though PJTV may come off as a little too conservative sometimes, their contributors often have many good points, and if not, they usually are at least pretty clever.

This is a taxpayers' rebuttal of sorts to the Orwellian/Fascist/Authoritarian/Just-Plain-Damn-Scary PA Tax Ad released earlier this year.

As a Pennsylvanian myself, who has been getting enough threats from my "superiors" in the all high-and-mighty PA Commonwealth Government through my TV and my car radio, I must say this is pretty nice to see. Let's hope it carries through!

Jihan Huq's picture
By Jihan Huq at 5:57AM

Beware of H.R. 4213

l

Amid the Gulf Coast oil spill crisis, Congress is ready to do what it does best:  raise taxes. According to H.R. 4213, tax prices will be raised up to 32 cents a barrel to clean up the mess BP is (or should be) responsible for . However, that is not the suprise. It is estimated that the increase could sum up to $11 billion for the next decade, but this tax increase is only apart of the $200 billion Congress had added for other purposes.


Read more here
Matt Ciepielowski's picture
By Matt Ciepielowski at 12:45PM

Contract from America

The Tea Party Patriots organization released their "Contract from America" at the Tea Party in Washington DC yesterday. There's a good amount of solidly libertarian/fiscally conservative planks in there, and a total absence of any that refer to foreign policy (it's too bad the Audit the Fed plank didn't make it in though). Certainly some of the Tea Partiers don't completely understand the link between big government and the empire abroad, but maybe they are starting to come around.

Here are the ten planks, along with the percentage of votes they received (there was a list of about 20 planks online, and participants voted for their top ten).

1. Protect the Constitution

Require each bill to identify the specific provision of the Constitution that gives Congress the power to do what the bill does. (82.03%)

2. Reject Cap & Trade

Stop costly new regulations that would increase unemployment, raise consumer prices, and weaken the nation’s global competitiveness with virtually no impact on global temperatures. (72.20%)


Read more here
Sam Swedberg's picture
By Sam Swedberg at 11:42AM

Tax Day Ideas: ASU SFL

In this video, ASU's chapter of Students for Liberty give a great interview to a student on campus about taxes. It's another example of what campuses can do for their own Tax Day events this Thursday.

Bonnie Kristian's picture
By Bonnie Kristian at 6:14AM

Obamacare Will Implicitly Tax the Middle Class

Apropos to the looming tax day, Sheldon Richman discusses the tax implications of Obamacare:

Now that President Obama’s health-insurance overhaul has become law, we can brace ourselves for the new taxes. What new taxes? Aren’t they only on the “rich” and on large companies?....

[T]hose are not the taxes I am not referring to when I say we should brace ourselves. The taxes I mean are the implicit taxes that ObamaCare will impose on most productive people. What’s an implicit tax?....

ObamaCare will tax much of the middle class. Under the new law, everyone everyone will have to buy government-defined medical coverage or have it bought for him by his employer, reducing cash wages. Thus, anyone who would not have bought insurance or would have bought a less-expensive policy will pay an implicit tax.

Read his full arguments on the implicit taxes of Obamacare here.

Sam Swedberg's picture
By Sam Swedberg at 2:16PM

Tax Day Ideas

Friends of YAL,

If you have any activism ideas in regards to Tax Day, please share them on the blog or send them into activism@yaliberty.org. Don't be shy; the more ideas we receive the better.

Here's my first idea. Think you can do better?

IRS THUGZ

IRS THUGGIN'

The IRS THUGZ will "make it rain" with the tax payer's money:

  • Members dress up as IRS agents
  • Buy a lot of fake money at a dollar store or some kind of thrift store
  • "Make it rain" with the money whenever you have a high amount of student traffic walking by
  • Play the "make it rain" song or some other thuggin' music
  • Signs and handouts about Gov't/IRS going wild with YOUR money
Adam Fowler's picture
By Adam Fowler at 9:54PM

Taxing Reform

Since passage of health-care "reform," many in the media have been quick to point out the supposed positive effects of the new law. Take for example this recent article from Stacy Johnson at Money Talks News touting the "positive changes" stemming from Obamacare.

After listing the perceived benefits, the article then displays this list of taxes that will be used to pay for this new government power grab:

  • Fees on drug companies and insurers.
  • An excise tax of 10% on overly generous health plans.
  • A 2.9% tax on the sale of medical devices.
  • A 3.8% tax hike in your Medicare payroll taxes and on your investment income if you make more than $250,000/yr.
  • Fees on employers who don’t offer required coverage.
  • Fees on people who don’t get mandated coverage.
  • A 10 percent excise tax on tanning salons.

Despite this list, the author displays a typical economic fallacy when attempting to argue that these taxes won't really affect the average person:

Not a penny coming from any individual taxpayer other than those who don’t comply or those that are making more than $250,000/yr.


Read more here
Shaun Bowen's picture
By Shaun Bowen at 7:06PM

The Taxman Cometh

One of the promises given by then-candidate Barack Obama was that households making less than $250,000 dollars a year would not see any tax increase. So when he first promoted TARP, passed the biggest budget in history, and begged for more stimulus spending, he claimed that all of these new spending adventures would not be saddled on the backs of the average American. Of course the impossibility of this is obvious. You can't triple spending and not increase taxes; all you do is shift the costs onto the next generation through either inflation or higher direct taxes to pay back foreign loans.

Apparently we are to believe the same about Obama's Bush I-like pledge of "No New Taxes"  with the passage of the new healthcare bill. However I have one question, if there is no new tax burden in this bill then why is the IRS the enforcer of the individual mandate? According to CNSNews [emphasis added]:

Under the law, every individual and most businesses are required to report to the IRS, on their tax returns, whether they have purchased or provided the required level of coverage and disclose to the IRS which months, if any, in which they failed to do so....


Read more here