This is one of the scariest things I’ve ever seen. Cali is increasing withholdings by 10%. But it’s OK because it’s not a tax increase. See, they’re just borrowing money from you. And will pay it back. Oh and you don’t have a choice in the matter. After all, who would willingly loan money to an organization in the financial shape California is in?
“You heard the mantra, ‘Tax the rich, tax the rich,”‘ Paterson said Wednesday at a gathering of newspaper editors at an Associated Press event in Syracuse. “We’ve done that. We’ve probably lost jobs and driven people out of the state.”
A criminal enterprise already exists to evade the law. As long as it’s profitable to avoid tax payments, that enterprise will continue even if the product is now legal.
Les Jones on the story behind the subpoena for anonymous posters:
The case involved Robert Kahre, a Las Vegas businessman who paid his contract employees in gold and silver U.S. coins. The employees then paid taxes based on the face value of the coins, rather than their much greater worth as bullion. The difference can be considerable. A $50 U.S. gold coin contains one troy ounce of gold, which currently fetches over $900.
The IRS sued Kahre and some of his contract employees, essentially claiming that taxes should be based on the actual value of the coins, rather than their face value. Which tends to raise an obvious question. A $50 bill has a real value of essentially nothing since it’s only good for lining a bird cage, so can I get paid in $50 bills and not owe any taxes?
Heh: IRS claiming to see large rise in income tax delinquencies, people listing “Obama Administration Cabinet Member” as their occupation
It’s a big day.
It’s tax rage day.
And I hear there are some protests going on. Details for the one in Knoxville here.
Sadly, I’ll only be participating in the first one.
There is actually tax law for parents of kidnapped children.
If Whoopi Goldberg is getting up in arms about tax increases then this movement is crossing all kinds of lines.
Obama to hide truth about Bush’s warrantless wire taps. Of course he is. He wants to use them too.
Also, Obama appoints another tax cheat: Ron Kirk.
It’s gone beyond funny to officially pathetic. Taxes are, apparently, just for the little people.
In comments at AC’s, Sean Braisted says:
The tax code isn’t all that complicated unless you try to get all the deductions possible.
Yeah, those 6.6 billion hours spent per year on them are because math is hard. And the $194 billion per year in compliance costs is because it’s not all that complicated. And the 117 million times per year that IRS is contacted for answers is not due to complexities in the code. And that code consisting of 693 sections of the Internal Revenue Code that are applicable to individual taxpayers, 1,501 sections applicable to businesses, and 445 sections applicable to tax-exempt organizations, employee plans, and governments. And the Treasury Department had issued almost 20,000 pages of regulations containing over 8 million words.
But, no, it’s not all that complicated. Just ask Daschle, Geithner, Rangle, Solis, and Killefer.
Sources for my tax stats, which are dated and, therefore, understated.
Both TN senators declined to answer the following questions:
Do you prepare your own taxes?
If not, who does?
Have you or the IRS ever discovered an error on a tax return you’ve filed?
Have you ever paid back taxes?
If the answer to either 3 or 4 is yes, please explain.
I’m not one to generally say There ought to be a law. But there ought to be a law. I think Congressmonkies should be required, by law, to do their own tax returns. And the process should be videotaped. I imagine the tax code would get much simpler.
John Kerry says the trouble with tax cuts is that it gives all the little people freedom to do with that money what they want. Can’t have that. The government should decide what to do with your money.
Once again, an Obama appointee is busted for not paying taxes. No wonder Democrats don’t mind raising taxes. They don’t pay them. Interestingly, Glenn notes:
Is this, like, some kind of karmic payback for all the Joe-the-plumber tax business?
I was sort of thinking that a lot of this has come out since Joe. And I know the press is lazy when it comes to asking hard questions of Obama and I’d bet they’re not the ones discovering this. I wonder, then, if someone learned after the Joe The Plumber incident to just start searching public records for anyone who enters the political arena and then to leak it?
Just about every time Tennessee makes #1 on some list, it’s for something dumb. Today’s is that we have the country’s highest tax on beer.
Via AC who says: Now, Don’t Go Doing Anything Stupid Like Dressing Up Like Indians And Pouring A Bunch Into The Cumberland. That is stupid. The steps of the capitol is a much better location.
Do any of these people pay taxes?
And Daschle.
Oh, and Geithner doesn’t like to pay taxes either but he’s not rooming under the bus. He makes mistakes and blames Turbo Tax. And others make mistakes too.
And PGP notes that while Obama was vetting gun owners from his cabinet, maybe he should have asked if they were tax cheats.
The general stupidity of the raise taxes crowd has always amazed me. Now it makes sense. In light of recent events, it is clear that those who advocate tax increases do so because they’re not going to pay taxes anyway. Funny how it’s always because of ‘errors’.
A Boss Who Tells it Like it Is …
To All My Valued Employees,
There have been some rumblings around the office about the future of this company, and more specifically, your job. As you know, the economy has changed for the worse and presents many challenges. However, the good news is this: The economy doesn’t pose a threat to your job. What does threaten your job however, is the changing political landscape in this country. However, let me tell you some little tidbits of fact which might help you decide what is in your best interests.
Read the rest of this entry »
A man notices that he wasn’t charged sales tax. He does the right thing and remits his tax ($1.50) to the Department of Revenue. The DOR then said he was a business and had to pay a 650 dollar fine—or face collections —AND criminal charges. It took an inquiry from the local news media to get it straightened out.
Incompetent big government, money grubbing pricks: making the world more libertarian one government form filled out in triplicate, shuffled, and stuffed in a bin no one ever reviews at a time.
Another look at the WSOP and taxes. Eastgate has moved to London, possibly to avoid the ridiculous tax.
In other news, regulators have simply given up trying to enforce Bill Frist’s onerous Unlawful Internet Gambling Enforcement Act.
You may have heard that Peter Eastgate won the 2008 World Series Of Poker. Actually, it looks like the real winner was Denmark:
Denmark’s tax agency is called SKAT. Denmark, like the United States, does tax gambling winnings. For casino gambling (which is where I believe this will be classified) the tax rate is 45% on the first 4 million Danish Kroners; it’s 75% on income above that. Today $1 is worth 5.88907 DKK; Mr. Eastgate won 53,899,250.70 DKK before taxes. Mr. Eastgate will owe about 39,224,438 DKK in tax ($6,660,545). Put another way Mr. Eastgate will keep 14,674,813 DKK ($2,491,871) of his winnings—just 27.23% of his prize. Yes, he faces an effective tax rate of 72.77%. Ouch.
Wow.
Meanwhile, former commies have a flat tax:
Russia has a 13% flat tax rate, so Mr. Demidov will owe about $755,247 to the State Taxation Service of Russia.
From reader BWM.
Blount Countians voted strongly against a half-cent sales tax increase Tuesday.
The countywide referendum was defeated by nearly 13,000 votes with 30,871 people voting against it and 18,124 people supporting it, according to unofficial returns.
Good.
Past coverage here.
Tennessee Wildlife Resources Agency is looking into it:
But wildlife watching in Tennessee – which doesn’t require a license – is on the rise. TWRA is pitching an idea to tax non-hunters through small fees for trailer license plates, new fees to visit managed lands or by taxing products like bird seed.
Earlier today, Uncle wrote:
I can’t find where taxes are lower for anyone under Obama’s plan.
If that’s true, then he’s not looking or not paying attention. See the non-partisan Tax Policy Center’s report (PDF) on the two candidates tax plans. In particular, note Figure 1 on page 41 — for the bottom four quintiles, both candidates cut taxes, but the average increase in after-tax income as compared to current law is much larger under Obama’s plan than it is under McCain’s:
Sean Braisted is all butt-hurt because Obama’s handlers didn’t have a tight hold on the lead and he said From each according to his ability, to each according to his need. No, that’s not cool. Cool is I think when you spread the wealth around, it’s good for everybody. Sean then spins it as a tax policy that benefits the middle class. That, of course, is bullshit. I can’t find where taxes are lower for anyone under Obama’s plan.
Of course, some just steal it.
[For the hostile audience here at SayUncle, perhaps I should call it my "flaming bag of poo of the week."]
This week, it comes from NYT Columnist Thomas Friedman:
Criticizing Sarah Palin is truly shooting fish in a barrel. But given the huge attention she is getting, you can’t just ignore what she has to say. And there was one thing she said in the debate with Joe Biden that really sticks in my craw. It was when she turned to Biden and declared: “You said recently that higher taxes or asking for higher taxes or paying higher taxes is patriotic. In the middle class of America, which is where Todd and I have been all of our lives, that’s not patriotic.”
What an awful statement. Palin defended the government’s $700 billion rescue plan. She defended the surge in Iraq, where her own son is now serving. She defended sending more troops to Afghanistan. And yet, at the same time, she declared that Americans who pay their fair share of taxes to support all those government-led endeavors should not be considered patriotic.
I only wish she had been asked: “Governor Palin, if paying taxes is not considered patriotic in your neighborhood, who is going to pay for the body armor that will protect your son in Iraq? Who is going to pay for the bailout you endorsed? If it isn’t from tax revenues, there are only two ways to pay for those big projects — printing more money or borrowing more money. Do you think borrowing money from China is more patriotic than raising it in taxes from Americans?” That is not putting America first. That is selling America first.
Sorry, I grew up in a very middle-class family in a very middle-class suburb of Minneapolis, and my parents taught me that paying taxes, while certainly no fun, was how we paid for the police and the Army, our public universities and local schools, scientific research and Medicare for the elderly. No one said it better than Justice Oliver Wendell Holmes: “I like paying taxes. With them I buy civilization.”
I can understand someone saying that the government has no business bailing out the financial system, but I can’t understand someone arguing that we should do that but not pay for it with taxes. I can understand someone saying we have no business in Iraq, but I can’t understand someone who advocates staying in Iraq until “victory” declaring that paying taxes to fund that is not patriotic.
How in the world can conservative commentators write with a straight face that this woman should be vice president of the United States? Do these people understand what serious trouble our country is in right now?
H/T: KTK at Lean Left
Red light cameras do not improve safety. No surprise. They’ve never been about safety and only about dollars.
So, VP candidate Biden first said that paying taxes was patriotic. It’s also a good way not to have your life ruined by the IRS. In defending the comment, he said paying taxes is next to Godliness:
“Catholic social doctrine as I was taught it is, you take care of people who need the help the most,” he said. “Now it’d be different if you could make the case to me that by giving this tax cut to the very wealthy, everybody else was going to be better off. We saw what happened the last eight years when we gave that tax cut.”
However, Biden doesn’t look to take care of people, according to his tax returns. Money talks.
Anyone who is surprised by this has obviously never dealt with the Internal Revenue Service:
The IRS has acknowledged that Jamey and Lora Costner of Newport are victims of identity theft and Congress has called on them to testify. Nevertheless, this young couple are being harassed yet again by the IRS for back taxes on income they never earned at a place they never worked (Koch Foods). This time, the feds have already taken $467 from Lora Costner’s $401K fund to pay the debt they don’t owe.
The monkeys push the buttons. It doesn’t matter if you have a valid concern, legitimate reason or other issue. IRS collects. The monkey just pushes the buttons.
In South Carolina: On those two days, South Carolina will waive collection of its 6 percent sales tax on the purchase of handguns, rifles and shotguns.
Been a bit of an issue in the state. Terry and AC have the info on it. Campfield sums it up thusly: Farr illegally collected the Ipod tax before he found out he couldn’t collect the tax but he still collected the tax until he can pass a bill allowing him to collect the tax.
Barack Ernest P. Worrell Obama gets one right noting that a temporary gas tax break won’t amount to much. So, I’m all for eliminating the tax permanently.
Remember, I do this to entertain me, not you.
Uncle Pays the Bills
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