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The Taxman Cometh
22 hours ago ago from Investors Daily Edge
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. For those of you who weren’t around in the 60s, the above lyrics are from “Taxman,” the opening track of the Beatles’ 1966 Revolver album. The song was a protest against the whopping 95% marginal tax rate inflicted on the UK’s top earners. The song also touched a nerve in the United States, where top marginal rates ...
Related contentDems fight to keep confiscating assets of the dead
23 hours ago ago from Estate of Denial
The Tax That Won't Die Democrats are afraid to let the estate tax rate hit zero. December 11, 2009 The Wall Street Journal http://online.wsj.com/article/SB10001424052748703558004574579932066655144.html In less than three weeks, the hated death tax is scheduled to expire—with the rate falling from 45% to zero for 2010. Then the tax will be resurrected in 2011 at a rate of 55%. This bizarre policy dates back to 2001 when Democrats ...
Related contentContinuing the Saga of the Governor's Tax-and-Cut Budget
23 hours ago ago from WashACE Blog
I missed a few editorials and stories over the weekend, but the governor s all cuts budget, which she hopes to morph into a tax and cut budget next month, continues. Jerry Cornfield writes in the Everett Herald mines the revenue departments shopping lis t of taxes for an idea of what we might expect. Here s my nomination for quote of the day from his story. “There s no idea too harebrained for us to thinkabout,” said state Sen. ...
Related contentCongress Voted to Hike Taxes, Again
6 hours ago ago from MacIver Institute
By James Wigderson Special Guest Perspective for the MacIver Institute When is a tax cut not a tax cut? How about when it is actually a tax increase? The House of Representatives recently passed the Tax Extenders Act of 2009. The act extends over 30 tax breaks to individuals and businesses, $31 billion of tax relief a year. Congressman Ron Kind said of this bill, "This bill will provide much‐needed relief to families and businesses ...
Related contentReader’s Questions… What are basics of the President’s Plan formulated from last week’s Job’s Summit? Why are Republicans against it?
6 hours ago ago from Tab Right
Reader's Questions According to the White House, the President’s new Job’s plan would include: Provide tax credits to small businesses to encourage hiring Cut capital gains taxes on small businesses to zero Efforts to increase lending to small businesses Many Republicans state these three points could have just as easily come from a Republican President. However, there is one key difference. Under President Obama’s plan, the U.S. ...
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