Entries tagged Taxes
The Obama Bank Tax Plan, “Responsibility” isn’t the word
Jan 17th, 2010 by daddams16007 | read more
Back to the grind after a much needed vacation from Political idiocy. There is just so much moronic activity you can deal with before it starts turning your own brain to mush. Back to covering political stupidity, and the first subject is a doozey: Barack Obama has announced intentions to levy a new tax an [...]
Topics: banks, Financial Melt-Down, Responsibility fee, Taxes
Health Care Bill: Taxes Taxes Taxes
Nov 8th, 2009 by daddams16007 | read more
The Health Care Bill currently being debated in the House has a large number of Tax provisions, some of them are just dumb-founding.
Sec. 501 revises the Internal Revenue Code to impose a tax on any individual without “Adequate” Health Coverage. One of the major problems here is the fact that the Federal Government gets to [...]
Topics: Health Care Bill, Taxes
Tax and Spend approach to Government, this is change?
Aug 27th, 2009 by daddams16007 | read more
The White House released its estimates for the total deficit over the next decade. That number is $9 Trillion in additional national debt.
The deficit for this year alone is over $1.5 Trillion. That’s 3 to 4 times last year’s deficit. The CBO predicts that the debt held by the public as a share of GDP [...]
Topics: Cap-and-Trade, Deficit, Economy, Spending, Taxes
This is what Obama claims stimulated the economy?
Aug 20th, 2009 by daddams16007 | read more
The tax cuts in the “Stimulus Package” passed after Barack Obama was inaugurated are slated to end by the end of this year.
That includes:
an $8,000 tax credit for first time home buyers
a deduction for state and local sales taxes on car purchases
excluding the first $2,400 of unemployment benefits from taxes as income
and a 65% [...]
Topics: Recovery Act, Taxes
When Congress plans to tax the “rich”, why does the middle-class get soaked?
Aug 10th, 2009 by daddams16007 | read more
Whenever Congress talks about plans to tax the rich, you should really take a good, hard at their aim. It tends to be abyssmal.
Last month, John Kerry proposed imposing a tax on “Gold-Plated” health plans in order to pay for Congress’s Health Care Reform. Any health plan tha cost over a certain amount annually would [...]
Topics: Health Care, Indexing, Taxes
Nothing New, Let’s Pay for Health Care Reform by Raising Taxes
Jul 25th, 2009 by daddams16007 | read more
It’s the more of the same tired approach when it comes to paying for the Democratic Heath Care Reform proposal: raise taxes.
This time the proposal, from Senator John Kerry, is to tax Insurance Companies based on the cost of their Health Care Plans. Basically, if your Health Plan costs a certain amount to carry, [...]
Topics: Health Care, Taxes
Well, We All Knew Somebody in California Was Smoking Something Funny
Jul 16th, 2009 by daddams16007 | read more
Here’s one of the biggest jaw-dropping moments ever in California’s attempt to close it’s $26.3 Billion Budget Deficit.
A Bill introduced by San Francisco Assemblyman Tom Ammiano calls for the complete legalization of Marijuana, with the state applying a $50-per ounce fee. The State Board of Equalization estimates this would raise $1.4 billion for the state, [...]
Topics: California, Marijuana, Taxes
The Democrat’s Prescription for Health Care? Bleeding!
Jul 15th, 2009 by daddams16007 | read more
The House of Representatives rolled out their Prescription to reform America’s Health Care system.
The Price Tag? $1.5 Trillion over 10 Years. Yes, that’s Trillion with a “T”. Of course, Governmental predictions on how much new programs will cost in the future are notorious for producing low-ball estimates. The actual cost could be off by multiple [...]
Topics: Deficit, Health Care, Medicaid, Medicare, Taxes
How Unexpected, Democrats Want to Raise Taxes
Jul 13th, 2009 by daddams16007 | read more
Raise your hand if you saw this one coming: Democrats in the House of Representatives announced they were planning to raise taxes. Of course, they announce it late Friday afternoon in an attempt to ensure that the story gets missed by the media.
The tax hike targets high income tax earners and is slated to raise [...]