Perhaps you´ve heard from various economic sages that tax rates don´t matter either to economic growth or taxpayer behavior. Don´t tell that to the companies and individuals who are busy cashing out their investments or paying dividends to get ahead of the Obama tax scythe in January. Costco, COST +5.92% the giant wholesale-club operator, announced Wednesday that it will pay a special dividend of $7 a share before the end of the year. That´s about $3 billion the company will return to shareholders that the feds will only tax at 15%
Comments: Getting paid before Obama´s tax gestapo gets going!
I know of several smaller companies that are doing just this. Paying the dividend in 2012 instead of 2013. And tax planning to avoid 2013 increase to the ´super´ rich ($250,000/yr) is in full swing. As a kid, I never thought of a mere $250,000 as super rich. Usually one needed to make 7 figures to reach that category. But now the goobernment can define ´rich´ as whatever it needs to steal via a tax. I hate my goobernment.
Talk with your accountant. See if Deemed Dividends works for your company. It is a new phrase for me, but it will save me money. And don´t forget that even if the dividend rate stays at 15% there is still a 3.5% (I think) additional tax on dividends from Obamacare coming next year. Obama may see a bounce in revenue this year, but over the next few years revenues will decline.
George Mason’s home, Gunston Hall, just down the river from Mount Vernon, is closed on Thanksgiving Day but reopens to visitors the day after. In this season when Americans reflect upon all that we are grateful for, these stately and hallowed grounds are a good place to start. Commonly referred to as the “forgotten founder,” George Mason IV had a fair amount of contempt for politics. Especially politicians. It was a dirty, grubby affair that attracted mostly dirty, grubby people. In other words, Mason was clairvoyant.
SAN FRANCISCO — Interior Secretary Sally Jewell says she will recommend that President Obama act alone if necessary to create new national monuments and sidestep a gridlocked Congress that has failed to address dozens of public lands bills. Jewell said the logjam on Capitol Hill has created a conservation backlog, and she warned that the Obama administration would not "hold its breath forever" waiting for lawmakers to act. "The president will not hesitate," Jewell said in an interview in San Francisco last week. "I can tell you that there are places that are ripe for setting aside."
Of all the events commemorating the half-century since the Kennedy assassination, Ted Kennedy Jr. said Saturday night’s reunion of John F. Kennedy’s White House staff was the one not to be missed. “I don’t want to go to Arlington Cemetery,’’ he told hostess Nancy Hogan Dutton. “What I want is to be here in your home.’’ The point of the gathering of about 100 old friends was not the death of the president but his life — and theirs when they worked for him. No matter what they went on to achieve, reaching for the moon was hard to top.
An overdue measure to outlaw employment discrimination based on sexual orientation and gender identity cleared a procedural hurdle on Monday night in the Senate. The move is one step toward putting into federal law a basic principle most Americans support: Job applicants and employees should be judged on their professional credentials and the caliber of their work, and not be held back because of who they are. The Employment Nondiscrimination Act, however, has a significant flaw — a terribly broad religious exemption
Former Florida Gov. Jeb Bush was the honoree at the annual Jack Kemp Leadership Award Dinner on Monday night, delivering a speech that laid out ways conservatives can advance the “American idea” that the dinner’s namesake advocated. Bush advocated free market principles, especially in energy policy.We should let market forces, not crony capitalism, decide where to invest and how to incentivize citizens to conserve,” Bush, a possible GOP candidate in 2016, said, advocating approval of the Keystone XL pipeline, “rational” regulations on fracking, and opening federal lands to drilling. “A real energy strategy could add an additional 1 percent growth over
Our leaders unite — against us Just when you thought nobody around here could agree on anything, Democrats and Republicans in Congress come together to unanimously express their unified and unwavering view of the innocent American taxpayer: SCREW YOU! That’s right. You can’t get these people to agree on whether it’s raining outside, but when it comes to their deep disdain for us suckers paying all the bills around here, a hot case of venereal bipartisanship breaks out all over the place.
Appearing on Andrea Mitchell´s MSNBC 1 p.m. ET hour show on Tuesday, Wisconsin Congressman Sean Duffy slammed the press for not doing its job in pointing out the hypocrisy of ObamaCare being delayed for certain groups but not for all Americans: "...the media won´t even ask the question about, ´Why are you [the Obama administration] treating families different than big businesses?´...That´s how pathetic, I think, news reporting has become, when we won´t ask tough questions to the administration.
I have never been much of a conspiracy theorist. For me it was always Oswald by himself from the Texas School Book Depository and nothing in the intervening fifty years has disabused me of this notion. For the most part, I’m an Occam’s Razor kind of guy — the most obvious explanation is likely to be true. (Snip) To put it bluntly, Occam’s Razor has moved. Things that were once possibilities now seem almost certainties to me. Principal among those is that Obama’s academic records are perpetually unavailable for a reason — and that reason is most likely that they reveal
Last summer on his $100 million family tour of Africa, Barack Obama hoped for a priceless photo op with Nelson Mandela, the ailing freedom pioneer who went from prison cell to the presidency of South Africa. Mandela´s family suggested that wouldn’t happen. So, the Obamas did a photo op in Mandela´s former prison cell. Which Obama’s White House quickly tweeted upon word of the icon´s passing at 95. [Skip] But Obama was also caught staring at television coverage of Mandela’s passing, which became Obama’s Photo of the Day.
Hardly a week goes by without Hillary Clinton receiving another award. Last month she was named a “Global Champion” by the International Medical Corps, received the American Patriot Award at the National Defense University Foundation and the Hermandad Award from the Mexican American Leadership Initiative. [Snip] At this rate, if a bunch of elderly left-wing Swedes toss her the Nobel Peace Prize early on, the way they did to Obama, it will barely rate mention among all the other glittering trophies that have been bestowed on a woman whose only actual accomplishment was being married to a crooked governor with
Speaker John Boehner said his party should support gay Republican congressional candidates and urged his colleagues to “be a little more sensitive” when running against women. “Some of our members just aren’t as sensitive as they ought to be,” Boehner said. When asked if he thinks his party should support gay candidates, Boehner simply said: “I do.”
In February, the Bush family’s personal emails were hacked by Guccifer, a hacker who uncovered photographs of former President George H. W. Bush in a hospital bed and George W. Bush’s oil paintings in the process. It seems Guccifer has struck again, this time targeting former President Bill Clinton and the Clinton Library. The hacker has reportedly uncovered doodles of Clinton drawing on what were, at the time, classified documents. Among the doodles is apparently a picture of a penis. The document uncovered is a briefing of the strategic measures the United States could take prior Clinton’s decision to intervene in
Denver - A baker who refused to make a wedding cake for a same-sex ceremony must serve gay couples despite his religious beliefs or face fines, a judge said Friday. The order from administrative law judge Robert N. Spencer said Masterpiece Cakeshop in suburban Denver discriminated against a couple "because of their sexual orientation by refusing to sell them a wedding cake for their same-sex marriage." The order says the cake-maker must "cease and desist from discriminating" against gay couples. Although the judge did not impose fines in this case, the business will face penalties if it continues to turn away gay
Amid an array of “knock-out” attacks against a number of Jews in Brooklyn’s Crown Heights neighborhood, a city councilwoman pointed to the success of the Jewish community as triggering the aggression. Councilwoman-elect Laurie Cumbo emphasized that while she “admire[s] the Jewish community immensely” for its work ethic, black teens may see it differently. “While I personally regard this level of tenacity, I also recognize that for others, the accomplishments of the Jewish community triggers feelings of resentment, and a sense that Jewish success is not also their success,” Cumbo, who was recently elected, wrote in a letter. Chief among the issues