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Tag Archives: Taxes

Not Charitable!

It turns out that when we were calling the Trump Foundation a charity, we were being extremely charitable. Because it turns out that our presidential candidate who claims to be a genius businessman didn’t even bother to file the paperwork to register the foundation as a charity. Or file any of the reports required of […]

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Billion Dollar Loser!

According to the NY Times, in 1995 Donald Trump declared on his taxes that he lost $918 million. How can someone claim to be a good businessman when they have lost almost a billion dollars in one year? Second, because our tax code is tilted toward the rich, this almost certainly meant that Trump didn’t […]

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Slush Fund Charity

It looks like Donald Trump was using his Trump Foundation as a giant slush fund to pay off legal problems, buy gifts for himself or his businesses, and other non-charitable uses. So far, the Washington Post has found about a quarter of a million dollars of other people’s money (contributed by donors who thought they […]

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Where’s the Trump Bribery Scandal?

I guess the media got what they wanted — a horserace. They breathlessly report story after story about how the Clinton Foundation might have the “appearance” of impropriety (despite admitting that there was no actual impropriety), while at the same time pretty much ignoring two smoking guns of real illegal activity with the Trump Foundation. […]

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Trump’s Return

© Jonathan Rosenberg We need to keep up the heat on Donald Trump to release his tax returns. That worked on Mitt Romney. One way to do that is to speculate on what could be in them that is so horrible that Trump would be afraid to release them. Trump likes to claim that he […]

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The Lyin’ King

© Phil Hands People are tired of politicians who will say anything to get elected, so they pick someone who will say anything to get elected, but who isn’t a politician. Doesn’t that make sense? UPDATE: Trump not only leads PolitiFact’s “Pants on Fire” brigade (a stunning 76% of his statements are Pants on Fire, […]

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Bankers for Bernie

There was an article in Politico last week titled “Bankers for Bernie“, about bankers and financiers who support Bernie Sanders. Frankly, there should be many more of them. After all, if you know anything at all about finance and economics, you should know that they are not a zero-sum game. As they say, a rising […]

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The Tax Plans of the Candidates, Part 2

Part 1 covered how much each presidential candidate’s tax plan would affect the top 0.1% of households. But in part 2, let’s get personal. How will each candidate’s tax plans (if they are enacted) affect the taxes that you pay? Vox has created a simple widget to calculate this (if you can’t see it immediately […]

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The Tax Plans of the Candidates, Part 1

Recently the nonpartisan Tax Policy Center published an analysis of the tax plans that each current presidential candidate has promised to enact (note that John Kasich has not published a tax plan). Mind you, it is Congress, not the president, who sets tax rates, but the president does have a fairly powerful bully pulpit from […]

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Love Your Corporatocracy!

© Ruben Bolling This comic is brilliant. And it doesn’t even mention the military propaganda pre-game shows that are paid for by the military using your tax dollars. Or the sports stadiums that are heavily subsidized by local governments (when those same local governments were broke). It also doesn’t mention that conservatives seem to love […]

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Gerrymander Goof

The business owners in downtown Columbia Missouri hatched a plan. They wanted to make improvements, but they didn’t want to have to pay for them through property taxes. So they got the city council to create a local “Community Improvement District” (CID) that would have the power to levy a half-cent sales tax in the […]

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Taxing

Preparing your tax returns can be, well, taxing. Unfortunately, some of that difficulty may be on purpose. H&R Block was able to get language added to the bill funding the IRS that instructs the agency to add a bunch of questions to the form for the Earned Income Tax Credit. How many questions? Enough to […]

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Televangelists

John Oliver brilliantly shows that the rip-off scam known as televangelism is still alive and well, preying (not praying) on the weak, sick, or just plain stupid. And because they are churches, televangelists are completely tax exempt, meaning that we taxpayers are contributing to their ill-gotten gains.

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Don’t Do As I Do, Part 2

On Thursday, 80 CEOs of big corporations published a statement pushing Congress to reduce the deficit. Unfortunately, they published it in the Wall Street Journal, so you have to be someone with a subscription in order to read it (how apropos!). To their credit, they encourage not just more spending cuts, but also higher tax […]

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The Case Against Austerity

I don’t know why we fall for really stupid economic theories, but it may have something to do with the huge amount of money being spent to convince 99% of Americans that it will be good for us to give all our money to the 1%. First it was “trickle down economics” until that was […]

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