Conservative Hideout 2.0 Rotating Header Image

Taxes

Obama Calls for Highest Sustained Taxation…Ever

Last month, President Obama presented a budget to Congress. Immediately Senate Majority Leader Harry Reid asked what it was because it had been so many years since he’d seen an actual federal budget. Okay, I’m not really sure if Harry Reid saw or even understood it, but it still calls for the highest sustained taxation in United States history. CNSNews did an excellent job of evaluating it. In the budget proposal he presented to Congress last month, President Barack Obama called for what would be the highest level of sustained taxation ever imposed on the American people, according to the […]

Using the Beer Summit to Explain Progressive Taxes

Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this: The first four men (the poorest) would pay nothing. The fifth would pay $1. The sixth would pay $3. The seventh would pay $7. The eighth would pay $12. The ninth would pay $18. The tenth man (the richest) would pay $59. So, that’s what they decided to do. The ten men drank in the bar every day and seemed quite happy with the […]

Asylum Watch Interprets Bill Gates et al. Vision Of The Future

Bill Gates has become an American icon. He is the epitome of the American success story. Born into a well to do family, he attended the same elite private school as his father had before him. He went on to Harvard but drop out because he had an idea for a new type computer operating system he wanted to work at developing. He would develop an operating system that would allow low tech people to use computers. He called his new computer operating system “Windows”  and he built a company around his idea called Microsoft. Bill’s idea caught on quickly […]

IRS Intercepts Tax Returns!

Think you’re getting a tax return?  Well, maybe not, if the IRS has their way.  IOwnTheWorld has more… Marc Fisher reporting in the Washington Post: Across the nation, hundreds of thousands of taxpayers who are expecting refunds this month are instead getting letters like the one [Mary] Grice [of Takoma Park, Md.] got, informing them that because of a debt they never knew about — often a debt incurred by their parents — the government has confiscated their check. The Treasury Department has intercepted $1.9 billion in tax refunds already this year — $75 million of that on debts delinquent […]

George W. Bush’s Stimulus vs. Barack H. Obama’s – A Look Back

When Obama came into office, he faced the bursting of the housing bubble and a big recession. His answer was to respond with a stimulus package, mostly full of spending, but with some minor tax cuts thrown in for lip service. But his predecessor also came into office faced with a big recession and he also responded with his own stimulus package. Let’s take a look at the way both men handled the problems facing each. As I said above, let us remember why the Bush tax cuts even took place. When Bush & Cheney took office, they faced a […]

Death and Taxes….. and Death Taxes and Crony Capitalists

‘In this world nothing can be said to be certain, except death and taxes. _ Benjamin Franklin, 1817 Ben certainly knew what he was talking about, didn’t he? Life and death are two sides of the same coin. We also know there is no such thing as a free lunch; so it is no surprise to anyone that government is not free. We have to pay for the government we want and, sadly, we also have to pay for government we don’t want. So, we pay taxes for all of our different governments. The problem, of course, is most people feel […]

New Fee for Heating Oil in the Farm Bill? You Bet!

If you use oil to heat your home, prepare to bend over yet again.  It appears that the Farm Bill that is floating around has a new fee for home heating oil buried inside it.  Steve, From America’s Watchtower, has more…  Today I put 100 gallons of oil into my tank and it cost me $369.90, but when the Farm Bill becomes law it will cost me even more to put oil in my tank because hidden in this legislation is a new fee on home heating oil. Congress‘ mammoth farm bill restores the imposition of an extra fee on home heating […]

Simple Questions About Obamacare

To the American Left, please answer a few questions about Obamacare. How can the ACA be so good when it is going to drive tens of millions of Americans out of their existing coverage when the employer mandate kicks in?   What about the mandate forcing folks to act against their faith? Their 1st Amendment rights are violated under the ACA by making contraceptives, sterilization and aborto-facient drugs are mandatory for employers to provide.   What about the over 20 new taxes that are hitting the American people for a half a trillion dollars? These are levied against medical innovators, […]

Obama Is Eyeing Your Savings!

Remember when President Obama said “there comes a point when a person has earned enough”? Well, it should be a surprise that he also feels that people have saved more than they need for retirement. Mr. Obama has given new meaning to the word “arrogance”. With this scandal a day administration, it is no wonder some of their plans to get their hands on more of your money slip under the radar. On Aril 12, 2013, the Wall Street Journal wrote: How many times have you read financial-advice stories lecturing you to max-out on your IRA, save as much as […]

Idaho Tax Commission Demands “Tribute” From 12 Year-Old

A 12 year-old in Idaho dared to sell fruit by the road.  The state of Idaho seeks to punish him for it. News of a 12-year-old boy being investigated by the Idaho State Tax Commission has sparked a swift response from some members of the state Legislature. One senator is asserting that the staff at the state’s tax commission is too large, while a member of the House of Representatives is suggesting that it is time to reform the state’s tax laws. “I read with interest the requirement of a 12-year-old boy to collect sales tax,” wrote Sen. Steven Thayn, […]

New Yorkers Going Galt, Fleeing NY, Took $46,000,000,000 With Them

The blue states continue to suffer from the plague that causes the “blueness,” namely, being run by Democrats.  The latest victim is the state of NY.  It seems that lots of New Yorkers decided to say, “nyet comerade” to the state government’s nonsense, and simply leaving. The kicker is?  They are taking all their money with them, and that’s quite a lot! Here’s a map, with all the particulars, from Tax Foundation, via Lonely Conservative… The Blue states, those that are predominately Democrat controlled face an interesting choice; abandon the destructive high taxation and regulation that causes producers to leave, […]

Record Number of Americans Renouncing Citizenship Due to Taxes

As sad as it seems, ever increasing numbers of American  citizens are renouncing their citizenship.  The reason seems apparent-taxes.  Wonk Wire has more… “The number of U.S. taxpayers renouncing citizenship or permanent-resident status surged to a record high in the second quarter, as new laws aimed at cracking down on overseas assets increase the cost of complying and the risk of a taxpayer misstep,” the Wall Street Journal reports. “A total of 1,130 names appeared on the latest list of renunciations from the IRS… That is far above the previous high of 679, set in the first quarter, and more […]

People Fleeing California Due to Taxes

Imagine, if you will, a state that give companies a tax break.  Then, five years later, demand the money back, with interest?  Well, such a state exists.  It is alive, and not so well in the People’s Republic of California!  Here is some video… I wonder if, one day, that they’ll try to build a wall to keep people in?

It’s called the “Marketplace Fairness Act” and it’s Anything but Fair

Well Congress is at it again.  They’re trying to ram through a bill called the “Marketplace Fairness Act” and it’s anything but fair.  It’s a bill that would fundamentally change interstate commerce by imposing tax burdens on Internet-based businesses while not applying the same burdens to brick-and-mortar companies.  It’s extremely discriminatory by its very nature.  Representative Mike Enzi (R, Wyo) tried to introduce this flawed bill back in February, but it met stiff opposition in committee so Enzi was forced to shelve it.  Two months later it has been restructured so that it qualifies for a Senate rule that allows […]

Taxing the Rich out of California

Likes has a slideshow about why rich folks are moving out of California.  I wonder how long it will be before someone suggest building a wall to keep them in?

Allen West Discusses 100 Years of the Income Tax

Here is a great video, featuring Allen West.  The topic is the income tax.  Give it a look. http://www.nextgeneration.tv/s/GEZDIMRQ Unfortunately, the video does not embed.

Cyprus Bank Robbery, Government Taxes all Bank Accounts: Media Silent

It seems that socialists all  over the world are watching Cyprus, because it is a test case.  Essentially, the government there decided to rob their citizens, literally over-night.  It’s what I call the great Cyprus Bank Robbery.  New Zeal has more… Very few things give me nightmares… Yesterday’s event in Cyprus was one of them and the media is conspicuously silent. What do you get when you combine worldwide Marxist elitists, bankers and the media? A worldwide depression and a new dark age. The IMF (in case you are wondering who they are) is using Greece as a proving ground […]

Let’s Cut Our Way to Prosperity- Again

Obama said in his weekly address to the nation that “We all agree that it’s critical to cut unnecessary spending,” Obama said. “But we can’t just cut our way to prosperity. It hasn’t worked in the past, and it won’t work today.” President Obama is wrong, and this incorrect logic and ignorance of history is leading him to make wrong policy decisions today. We can cut our way to prosperity and it has worked in the past- in fact, it has worked a lot better than efforts in the past to spend our way to prosperity as Obama is suggesting […]

France’s Wealthiest Man Leaves Due to High Taxes: French Liberals Outraged

Categorize this under:  There was a reason that the East Germans built a wall… It’s been said again and again-high taxes cause people to leave.  And, no matter how many times it happens, liberals engage in the requisite outrage and condemnation for the problems that their own policies cause.  For the latest example, we have to pay a visit to The Lid. Back in September when Bernard Jean Étienne Arnault the richest man in France applied for Belgian citizenship. Left-wing French newspaper Libération ran a picture of the head of LVMH with the headline, Casse-toi riche con!  which (according to […]

Happy New Year, Here are Your New Taxes!

Curtis Dubay at Heritage has an article on all of our new taxes, courtesy of the Obama administration.  New Year’s Day was tough for taxpayers. Thirteen tax increases kicked in. The deal that Congress and President Obama struck that finally—but only partially—avoided the fiscal cliff resulted in seven tax increases. Those hikes combined with six tax increases from Obamacare that also began on New Year’s Day. 13 Tax Increases That Started January 1, 2013 Tax increases the fiscal cliff deal allowed: 1. Payroll tax: increase in the Social Security portion of the payroll tax from 4.2 percent to 6.2 percent […]

Americans Wake with Lower Pay Checks: Obama to Blame

Elections have consequences kids, and one of them is apparently a lower pay check.  For all of Obama’s promises to never raise taxes on the middle class, something went wrong.  What went wrong, you ask?  Well, people believed Obama, that’s what went wrong! Wyblog has more… Apparently a lot of people were complaining about their paychecks being unexpectedly smaller. Here’s the explanation from ADP: The reduced 4.2% rate for employee Social Security taxes that was in effect for 2011 and 2012 has expired. The employee Social Security tax rate will return to 6.2% for 2013 wages up to the taxable […]

Another French Revolution? Gerard Depardieu Goes Galt

What if there were another French Revolution.  And this time, it was led by creators refusing to be robbed by the nanny state?  Well, one is beginning.  Earlier this year, the French foolishly elected socialists, and their PM decided that a really great way to raise revenue for do-goodery was to tax the evil rich at very high levels.  And, creators, like famous actor Gerard Depardieu have decided to vote with their feet, and leave France.  The Socialist PM fired off that the refusal to be robbed was “pathetic.”  Depardieu shot back and, in an open letter to Monsieur Ayrault, wrote, […]

California Raises Taxes, Lose Revenues…Again!

They say that they definition of insanity is doing the same thing over and over, and expecting a different result.  If that is indeed the case, California’s tax policies make them the official land of fruits and nuts, as they are proving the insanity axiom to be most true. On March 15th of this year, we took a look at the fact that after yet another failed tax increase… One of the greatest weaknesses of the statists is that their efforts at creating a fantasy world. more often than not, create the exact opposite of their stated intent.  They try […]

The Fiscal Cliff, and Why We’ve Already Lost, and will Continue to Lose

OK, we’re facing the infamous “fiscal cliff.”  What doe that mean?  It means that a crisis has been manufactured in order for Obama to triumph, and the Republicans to be scapegoated.  Here’s how it will happen. 1.  If both Houses and the POTUS fail to reach an agreement (read, if he Republicans fail to capitulate) there will be a rather unpleasant set of tax increases and budget cuts. 2.It doesn’t matter how many proposals the Republicans make.  It won’t matter how many times the Democrats change the rules or break their word-it will ALWAYS be the Republican’s fault. 3.  Reality doesn’t matter, and the MSM will […]

British Raise Top Tax Rates, Two Thirds of Millionaires Left

Evidence shows again and again that if you want there to be less of something. , you tax it.  Well, either there is less of it, or it goes underground, which means you don’t get to tax it at all.  The British are learning this lesson now, as after passing a unsubstantial increase in their highest tax rate, they suddenly found that they had far fewer millionaires to tax.  The Telegraph has more… In the 2009-10 tax year, more than 16,000 people declared an annual income of more than £1 million to HM Revenue and Customs. This number fell to just 6,000 after Gordon Brown introduced the […]