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Tag Archives: Taxes

Any Difference That Makes No Difference…

© Jerry Holbert Everybody knows that taxes are things that only Democrats do! If a Republican does it, then it must be a penalty.

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Corporations are People, My Friend

© Tom Tomorrow The ironic thing about all this is that we’ve had this fight before. The American Revolution was as much a fight against the original multinational corporations as it was against the British government. After all, one of the most famous events in the run up to the revolution was the Boston Tea […]

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When is a Tax Not a Tax?

When it is created by Mitt Romney of course. On Monday, Romney spokesperson Eric Fehrnstrom said that Romney did not agree with the Supreme Court ruling that the individual mandate was constitutional because of the government’s right to create taxes. “The governor believes that what we put in place in Massachusetts was a penalty, and […]

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Tsunami Up Economics

© Keef Knight As someone recently pointed out, at some point how much money you have becomes meaningless, except to compare yourself to other people (mainly other people richer than you are). Or to give yourself bragging rights. UPDATE: What has “trickle-down economics” given us? Corporate profits just hit an all-time high, while at the […]

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Showdown

It looks like we will have a showdown in the near future. The White House has stated, as clear as they can, that Obama will not support an extension of the Bush Era tax cuts for Americans making more than $250,000 a year. Period. And Republicans have sworn to not “raise” taxes, even if it […]

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Stephen King: Tax Me, for F@%&’s Sake!

Author Stephen King has a fantastic rant in The Daily Beast. Go read it now. If you need some incentive to go read it, here are a few choice quotes. But the whole thing is reasonably short, funny, and as good a read as any Stephen King story: The U.S. senators and representatives who refuse […]

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Republicans disagree with Reagan

Reagan and Obama agree on the Buffett Rule. I guess Republicans will oppose anything Obama does, even if it means disagreeing with their Saint Ronnie. UPDATE: Picking up on this, Obama has offered to change the name of the bill to the “Reagan Rule“: Some years ago, one of my predecessors traveled across the country […]

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Simplified Tax Form

© Ed Stein [plus commentary from Ed Stein] In F. Scott Fitzgerald’s “The Great Gatsby,” Nick Carraway observes that “the rich are different from you and me.” Mitt Romney’s tax returns confirm it. The rich have access to deductions, evasions, loopholes and favorable rates we working stiffs can only dream of. The absurd truth is […]

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G.O.P. to Norquist: “Can We Tax The Poor?”

This cartoon falls into the category that directly replicates reality. Like Tina Fey’s impression of Sarah Palin – what’s the difference between the cartoon and the real thing? – Iron Filing

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How the Flat Tax Works

© Ed Stein Commentary by Ed Stein: The Republican candidates for president are suddenly all hot to propose flat taxes. First Herman Cain, the pizza czar, came out with his loopy 999 plan. Now Rick Perry, humbled by his lack of debating skills and challenged to present something more serious than shooting coyotes while jogging, […]

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Cargo Cult

Tom Toles Republicans believe if they keep repeating something over and over, people will believe. Even if it clearly isn’t working. We just haven’t done it enough yet, they say. When will we wise up?

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Buffet Tax?

© Matt Wuerker In a completely transparent bid to deflect the issue, Republicans are now calling for billionaire Warren Buffett to release his tax returns to the public. What Buffett’s tax return has to do with his suggestion that the rich should pay at least as much as the middle class in taxes is beyond […]

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Classical War!

© Ed Stein [commentary from Ed Stein] You knew this was inevitable. The Republicans have fallen back on their tried-and-true talking point, the one they use every time anyone asks for some simple fairness in the tax code. It’s class warfare. Never mind that the wealth of the nation has shifted dramatically to the richest […]

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So Very Sorry!

Congressman John Fleming (R-LA) appeared on MSNBC to talk about Obama’s new deficit reduction plan. Or rather, to argue against Obama’s plan to make the rich pay as much in taxes as the middle class do (Fleming is a multi-millionaire business owner). Fleming actually complained that after paying expenses and feeding his family “I have […]

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Taxes and Regulations Are Not Killing Small Business

Conservatives like to harp on how high corporate taxes and excessive regulations are killing small businesses, and the best way to create jobs is to cut taxes. But as an owner of several small businesses, I’ve always known that was a lie. It is absolutely silly to think that businesses hire employees when their taxes […]

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