Showing posts with label Taxes 2011. Show all posts
Showing posts with label Taxes 2011. Show all posts
Friday, December 23, 2011

In Order For Third Parties To Rise, They Have To Have Representation

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Third party candidacies for president fail in this country, as do those for representative or senator, because the two parties have a ...
Saturday, December 10, 2011

The IRS: Another Reason Not To Use A Credit Card

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They're snooping on your transactions. From an article in Barron's in September ( link ): In a new program launched this year, the I...
Tuesday, December 6, 2011

The Next Bailout: Think Fed Leverage at 53:1 is Bad? Try the FHA at 417:1.

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So says Fortune ( link ), or else it's curtains for Ginnie Mae: The second catalyst [for government support of housing to decline] is th...
Monday, November 28, 2011

Consumers Increase Spending in 2011 From Savings and Social Security Tax Holiday

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Net real retail spending looks set to come in up 2.9 percent in 2011 over 2010. Per the data here from the Census. Average monthly retail a...
Sunday, November 27, 2011

Interest on Federal Debt Topped $454 Billion in Fiscal 2011

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So says the US Department of the Treasury here . With fiscal 2011 receipts running at $2.3 trillion according to Treasury here , interest pa...
Wednesday, November 23, 2011

Remembering the $Trillions Withdrawn from the Housing ATM

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Boy, don't we wish we had those back today. Consider The Washington Post, May 30, 2007, here : According to Fed data, homeowners' eq...
Monday, November 21, 2011

Today's Economy is Already Being Stimulated by a Bipartisan Attack on Federal Revenue

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I'm talking about the Social Security Tax Holiday for 2011, which continues to add $112 billion this year to workers' paychecks as w...

Michael Barone Joins The Liberal Chorus Attacking Progressive Taxation

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You heard me right, the liberal chorus attacking the progressive tax code, in this case the progressive tax code's deductibility provisi...
Saturday, November 19, 2011

Tax Reform Should Come Off The Table: Spending Cuts Only Are Acceptable

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To Sen. Reid and Pres. Obama, tax reform means tax increases. So fuhgeddabowdit.  Automatic cuts to defense and social spending it should be...

'The Means of Government Oppression'

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From Lawrence Hunter, here : standing armies in peacetime; the regulatory instruments of torture [politicians, bureaucrats and judges] use t...
Thursday, November 17, 2011

The Big Fat Idiot Establishment Republicans Like Rush Limbaugh Won't Replace Your Tax Deductions

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When deductibility of interest expenses in a wide variety of vehicles was eliminated for income tax purposes in the tax reform act of 1986 u...
Monday, November 14, 2011

As ObamaCare Goes To The Supremes, Will It Stand Or Fall On Tax Grounds?

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The individual mandate which is at the heart of ObamaCare insists that everyone buy health insurance in every state. Once the mandate was ch...
Sunday, November 13, 2011

Adam Davidson of NPR Wants to Increase Taxes on It, But What Really is The Middle Class?

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In The New York Times, here , where he expansively defines the middle class as everyone making between $30K and $200K: To solve our debt pro...
Wednesday, November 9, 2011

The Easiest Mortgage Loan Bailout Program Would Let Taxpayers Do It Themselves

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According to the Federal Reserve's latest Statistical Release in September, here , the current value of all residential mortgages outsta...

Fortune Editor Geoff Colvin Thinks Flat Tax is Good Idea Which Need Not Be Partisan

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As reported here : [D]on't call it a flat tax. Call it a top-to-bottom overhaul that will put people to work, close loopholes that serve...
Tuesday, November 8, 2011

Red State's Erick Erickson Says Romney Will Be The Republican Nominee

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Because Perry blew it on immigration and Newt and Cain blew it with women. There are many money lines in the post, here . Oh, and Romney wil...

Peter Morici Says Herman Cain's 999 Plan 'Makes Great Economic Sense'

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Here , but doesn't explain why in the same breath he criticizes Cain for being short on explanations (!): Mr. Cain’s 9-9-9 tax proposal ...
Sunday, November 6, 2011

The Broadest Tax Base Which Can Possibly Be Imagined Implies a Tax Rate of 6.2%

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Herman Cain's 999 Plan is focusing attention on the perennially perplexing problem of taxation for the American electorate in 2012. His ...

Herman Cain's Consumption Tax Is Firmly Rooted In The Framers' Original Intent

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Lawrence Hunter for Forbes provides an excellent primer on the Framers' argument for indirect taxation, which is to say taxation on cons...

Progressive Taxation: What Would Jesus Take?

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The short answer is: all of it. The long answer is more complicated. Rush Limbaugh was a little ticked off a while back because liberals wer...