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Taxes

It’s Good To Be The King: Obama Exempts Himself From “Free College” Tax…

It figures. Barack Obama’s communist proposal to tax your kid’s college savings account has an exemption — for Malia and Sasha Obama. One of the less talked-about proposals President Obama offered this week was to take away the tax-exempt status of 529 college savings plans. These very popular plans allow parents to defer income – before it’s taxed – into savings accounts to then be withdrawn, also tax-free, to use for qualified college expenses. I’ll dispense for the moment with the larger question of whether stuff like this represents a wise overall approach to the tax code (it doesn’t) and […]

How Obama Will Pay For His Plan For Free Community College

Well, this didn’t take long and certainly comes as no surprise. That is especially true if you have paid attention to how President Obama has conducted business during the first six years of his administration. He has acted like a typical liberal. When it doubt, always raise taxes. Never cut spending, never cut waste, always, always raise taxes. And that is exactly what he is planning to attempt in the last two years of his presidency. Do you remember his proposal for free community college for anyone who is willing to work for it? He actually described it as a […]

Will The Last Person To Leave New Jersey Please Turn Off The Lights?

  The exodus from New Jersey is becoming a stampede. People are moving out of state at twice the rate they’re coming in. Nearly two of every three families making an interstate move involving New Jersey last year were leaving the Garden State, the highest rate in the country. New Jersey had the greatest percentage of outbound moves of any state nationally last year with almost 65 percent departing, according to a company which bills itself as the largest transporter of household goods in the country. The Garden State has led the nation in outward migration for the fourth time […]

Uncle Sam Keeping Gas Above $2/Gallon In Most States

  Hat/Tip to Joseph Rossell at Newsbusters. You can thank you state and federal government for the fact that most of America is still paying more than two bucks a gallon for gasoline. Subtracting state and federal taxes and fees on gasoline, the price of a gallon of gas would fall below $2 in 29 states, according to data published by the American Petroleum Institute in October 2014, and by AAA. AAA said the national average for gas dropped to $2.394 per gallon on Dec. 22. while the average state and federal gas taxes and fees averaged a whopping 49.28 […]

U.S. Has Highest Corporate Tax Rate in the Industrialized World

The U.S. Has the Highest Corporate Income Tax Rate in the Industrialized World The next time some Obamabot tries to tell you American corporations aren’t paying their “fair share” in taxes, show them this chart. See that bottom red line? The one that says “United States?” Yeah, Barack Obama, Harry Reid, Hillary Clinton, and pretty much all Democrats believe a corporate tax rate of 39.1% is not high enough. Sane people might disagree. Any day now the White House and Sen. Charles Schumer (D., N.Y.) will attempt to raise taxes on business, while making the U.S. tax code even more […]

Burger King, Sodomy, Taxes, and YOU!

Liberal Logic neatly tackles the question of what does Burger King, Sodomy, Taxes, and you have to do with one another…

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 […]

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 […]

Rich Fleeing High Tax New Jersey

That those with money leave places that take said money from them should be obvious, and need no explanation, but there are democrats in the world.  So, in my own sarcastic and demeaning way, I seek to educate the willfully ignorant.  Wyblog helps considerably… Chris Christie’s patented “Jersey Comeback” may need to be rebranded as a plea — “Come Back, please, and bring your money with you.” Because despite his attempts to reduce our state’s tax burden, the exodus of our wealthy residents continues to escalate. New Jersey’s high taxes may be costing the state billions of dollars a year […]

Will Bill de Blasio Drive the Rich From NYC?

If the rumblings coming from the Big Apple are correct, Bill de Blasio, the communist mayor, will successfully drive the rich, and their money, from the city.  Wyblog has more… Gentlemen start your moving vans, wealthy NYers perpare to flee de Blasio’s commie utopia Rich liberals don’t like it when they’re asked to pay their “fair share.” New York City Mayor Bill de Blasio’s eat-the-rich policies aren’t sitting to well with the city’s wealthy residents. According to Michael Goodman, a number of them are getting ready to flee the Big Apple for greener pastures, like Florida, where they won’t be […]

Obama Has Deep Pockets (Yours!)

“You’re telling me we have to go spend money to keep from going bankrupt?  The answer is yes, that’s what I’m telling you.” – Joe Biden “We’d all like to vote for the best man, but he’s never a candidate.” – Frank McKinney ‘Kin’ Hubbard “When I was a boy I was told that anybody could become President; I’m beginning to believe it.” — Clarence Darrow “In order to become the master, the politician poses as the servant.” – Charles de Gaulle The biggest spender in the history of history, flush with a brand new letter of credit courtesy of John Boehner and company, […]

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, […]

Classic Snarky: I’m a Democrat-You Owe Me

Note:  Here is a classic CH 2.0 post from the one and only Snarky Basterd. I’m a democrat. You owe me. I’m a democrat. I have my own pile of money, but I want yours, too, including the four pennies you have rattling around in the bottom of that peanut butter jar you frugal idiots like to use as a change holder. Give it up! You owe me. I’m a democrat. I just say I like the public school system. My kids go to private schools so that your kids can go to public schools and learn how to be […]

Remembering JFK 50 Years Later: He Cut Taxes, and it Worked!

Today is the 50th Anniversary of the assassination of John F. Kennedy.   He was a Democrat from a different era-when democrats were overwhelmingly   JFK was anti-communist, and pro-growth; something scorned by today’s democrat politicians, who are, at least behind closed doors, communists themselves.  So, in honor of the memory of JFK as an actual American, here is part of a speech in which he proposed to cut taxes… JFK did eventually cut taxes.  And, if you look it up, the 60’s were rather prosperous. H/T:  The Lid

More ObamaCare Fraud: More Navigators Caught Advising Fraud!

ObamaCare has “navigators,” that are supposed to guide people through the process of signing up for benefits.  Predictably, these navigators seem to be steering people in the direction of fraud.  Two days ago, we covered that Project Veritas showed a video that exposed ObamaCare navigators discussing hiding income form taxes to obtain more government benefits.  This is what I suggested at that time… Of course, the Urban League is stating that the entire situation was exposed under, “false pretenses.”  If you recall, this is a familiar refrain.  When ACORN was busted, and Planned Parenthood were exposed, there were similar denials […]

Is it Time to go Galt (Revisited)? Some Simple Ways to Avoid Feeding the Beast

I original posted this about a year ago, and thought it might be worth another look.  Since our Republic is essentially on it’s deathbed, and Obama’s hand is poised on the plug for the final pull, many are contemplating their role in the new order.  Do we quietly  acquiesce, and accept our enslavement, or do we try to sabotage the nanny state by refusing be be sucked dry?  Well, there is a way to legally and ethically resist the beast-it’s called “going Galt.”   If you are unaware  “going Galt” is a reference to Ayn Rand’s prophetic novel, Atlas Shrugged, in which the […]