High U.S. Income Tax Rate Has Boxing Superstar Manny Pacquiao on the Ropes We all know elections have consequences, and this is a great concrete example of how taxing the rich has consequences. Sure, the new Obama tax affects the 1%, but it also hurts our tax revenue, economy, but also the 99%. Not only… Continue reading
Posts Tagged → Tax
I Escaped the Middle Class!
Finally! I mean, my paycheck is less than it was last month so, obviously, I must have moved up the ladder since President Obama promised middle class taxes wouldn’t go up. But wait… I’m still middle class. What’s wrong with you, Mr. President?! You told me my taxes wouldn’t go up! These are the sorts… Continue reading
Just Like Doomsday, We Survived the Fiscal Cliff
Not surprisingly, Congress acted. Also not surprisingly, Congress took forever to act. Tom Brokaw said this Congress goes out as the most inept in the history of the country. Even so, they were able to reach a compromise. So, what was actually accomplished? Taxes are going up on those making more than $450,000 per year…. Continue reading
Ben Stein: Taxes are too low!
Conservative Economist Ben Stein appeared on Fox News yesterday and said something which made him fear for his life: “I hate to say this on Fox, I hope I’ll be allowed to leave here alive. But, I don’t think there’s any way we can cut spending enough to make a meaningful difference. We’re going to… Continue reading