Posts in "Taxes"

Roy Antoun's picture
By Roy Antoun at 7:02PM

Death and Taxes 2010

This says it all (click for a larger image):

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Sam Swedberg's picture
By Sam Swedberg at 1:28PM

Government in the Snow Melting Business?

Even in a blizzard D.C. can prove the government's inefficiency...or should I say "insanity"?  The Wall Street Journal published a great piece about D.C.'s woes in regards to this storm. The best part:

Earlier this decade, the D.C Department of Public Works bought an industrial snow melter, but it broke down and they haven't been able to replace the parts. "We got a big contraption that melts 30 tons of snow an hour," spokeswoman Nancee Lyons said. "It didn't really work that well for us."

Translation: we've wasted your money. Read the rest of the article here.

Nick Leavens's picture
By Nick Leavens at 9:47AM

Tax increases coming for middle class

It's probably fair to say this won't come as much of a surprise to many who regularly read this blog:

The Obama administration's plan to cut more than $1 trillion from the deficit over the next decade relies heavily on so-called backdoor tax increases that will result in a bigger tax bill for middle-class families.

In addition to millions of middle-class households who may face higher taxes because of Congress' inability to extend tax breaks that expired on January 1st of this year, students may also find themselves with a higher tax burden.  According to the Reuters news story, additional tax incentives that are set to expire include:

Tax deduction for up to $4,000 of college tuition and expenses

The first $2,400 of unemployment benefits are taxable, in 2009 that amount was tax-free

Read the rest of the story here.  [UPDATE: Reuters pulled the story, but it's still available at the Canadian Yahoo! site, so updated the link to reflect the change. No word from Reuters as to why they pulled it.]

Alex Kharam's picture
By Alex Kharam at 7:06AM

A Salute to Charles Rangel

Real man of Congress? 

Bonnie Kristian's picture
By Bonnie Kristian at 12:05PM
Bonnie Kristian's picture
By Bonnie Kristian at 5:42AM

Flamingogate

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A restaurant owner near Baltimore staged the protest you see in the photo above when an $800/year tax was levied by the city on the restaurant's display of a large pink flamingo statue.  Following the protest, the city halved the tax "using different geometry" to measure the bird.  Three things:

1. What the heck is "different geometry," and why wasn't it used in the first place?
2.  Why is the restaurant owner satisfied with this?  He is still paying $400 a year to have a bird statue on his own property.
3.  If there's "different geometry" available, can they different-geomotry that tax all the way down to zero?

Hat tip to LewRockwell.com.

Drew Smith's picture
By Andrew Smith at 5:40PM

Obama thinking about taxing soda... again.

All I gotta say is he'd better stay away from my Dr. Pepper...

Drew Smith's picture
By Andrew Smith at 10:45AM

SURPRISE!!!!

Hey for all you who thought you could get 4500 dollars off of Cash for Clunkers, guess what! IT'S ALL TAXABLE!!! Wow, what a low blow. Trick people into cashing in their older car to buy a newer car to "save the planet" and then tax the crap out of them. What will they think of next? 

Drew Smith's picture
By Andrew Smith at 6:35AM

Obama Says, "No guarantee taxes won't go up."

Obama says, "No guarantee taxes won't go up." Translation: taxes are going to go up, and not just the upper class anymore.  No, now the MIDDLE class is going to have its own share of tax increases. Even though he said here that he wouldn't raise them. 

Doublethink and doublespeak anybody?

Silly Obama Tricks Are For Kids


Read more here
Matt Cockerill's picture
By Matt Cockerill at 6:08AM

The state is not above the moral law

There is a real debate in libertarianism between minarchists and anarcho-capitalists.


Read more here