The money in an IRA is not “tax-preferred,” as the White House asserts. Money in an IRA is rather “tax-deferred,” meaning the government is going to get their money one way or another. No surprise there that they got that wrong. The White House is short on CPAs. They don’t even know how to do their own taxes right.
Cyprus will get its bailout money and the EU will get a bank levy up to 100 percent of deposits from the country’s largest banks. Accounts in excess of 100,000 euros in the Bank of Cyprus and Cyprus Popular Bank will fund the bailout. The levy will avoid taxing Cypriots, but will fall mostly on rich, Russian depositors.
I travel through LaGuardia and JFK where delays are part of the daily program - but now we can blame them on sequestration and mean old Republicans. The blame game is the shame game. We are nearing the point where every inconvenience will have its genesis in GOP politics.
If you’re an amoral person with political connections, it’s possible to make a lot of money.
While Washington pols pose and posture on whether to raise taxes next year, American businesses are busy taking action to avoid the hit their shareholders are likely to take come January.
The California Federation of Teachers created a public relations disaster when it produced a low-brow video featuring a depiction of “trickle down” economics as a “rich” person urinating on the “ordinary people.” EAGnews was the first to report on the tacky video created by California teachers’ representatives.
Katie Pavlich debates Howard Dean on The Kudlow Report.
Since Republicans are pushing entitlement reform and Democrats like taking money from rich people, you might think they could agree on means-testing Medicare and Social Security as part of a deficit reduction deal.
Unlike my other so-called conservative brethren, such as Lindsey Graham, Bob Corker, and Saxby Chambliss, I have a very simple solution that both President Obama and John Boehner should be able to live with: Reduce the taxes on corporations and raise the taxes on corporations.
I’m a small businessman who believes we are all over-taxed. I would not raise anyone’s taxes. But since Obama’s pet billionaires like Warren Buffett are so quick to sell out the upper middle class…two can play at that game! Obama has the GOP Congress between a rock and a hard place. Here's a compromise that turns the tables on Obama. I say it’s time to sacrifice the billionaires to save small business...and the GOP.
Consider this headline from a Reuters article in The Huffington Post: "Raising Taxes on Rich Won't Hurt Economic Growth, CBO Says."
Consider that ONE raised $14.9 million in 2008 and distributed $184,732 to charities. The rest of the cash went toward salaries and administrative work.
In the interest of fairness, there is one guy who needs to be taxed, and taxed at the same rate they he has taxed our patience for nearly four years long.