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Topic: The Stealth Tax Hike |
The Stealth Tax Hike
Wall Street Journal, by Staff
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Original Article
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Posted By:Desert Fox, 1/4/2013 8:09:18 PM
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| Anyone still need a reason to abandon "grand bargains" and deals negotiated between this President and GOP Congressional leaders? Here it is: The revival of two dormant provisions of the tax code means the much ballyhooed $450,000 income threshold for the highest tax rate is largely fake. The two provisions are the infamous PEP and Pease, which aficionados of stealth tax increases will recognize immediately as relics of the 1990 tax increase. Those measures, which limit deductions and exemptions for higher-income taxpayers, expired in 2010. The Obama tax bill revived them this week.
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Reply 1 - Posted by:
grounded, 1/4/2013 9:37:03 PM (No. 9099305)
"You´ve got to pass it to find out what´s in it."
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Reply 2 - Posted by:
TheMom, 1/4/2013 11:51:11 PM (No. 9099455)
´Largely fake´? It´s COMPLETELY fake!
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Reply 3 - Posted by:
Trigger2, 1/5/2013 5:06:47 AM (No. 9099615)
I don´t feel sorry for CA or NY. Both are demonrat cesspools. When these tax hikes hit them, maybe they´ll wise up and get rid of the likes of Schumer, Jellobrand, Peelousy, Boxy, etc.
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Below, you will find ...
Most Recent Articles posted by "Desert Fox"
and
Most Active Articles (last 48 hours)
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Most Recent Articles posted by "Desert Fox"
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The Stasi IRS?
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American Thinker, by Fay Voshell
Original Article
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Posted By: Desert Fox- 5/19/2013 8:23:06 AM
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It´s often been said the Internal Revenue Service is the most feared bureaucracy in the United States. Little wonder. As the agency openly proclaims on their own website, concerning what actions they might take if your taxes are unpaid: We could seize and sell property that you hold (such as your car, boat, or house), or we could levy property that is yours but is held by someone else (such as your wages, retirement accounts, dividends, bank accounts, licenses, rental income, accounts receivables, the cash loan value of your life insurance, or commissions).
This site has now reached its quota of posts for the day.
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Scandal is not Enough
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American Thinker, by Steve McCann
Original Article
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Posted By: Desert Fox- 5/19/2013 8:13:28 AM
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The scandal eruption currently surrounding the Obama regime was inevitable. The only question was when and what would finally break through the wall erected around the White House by the media. It has long been obvious to conservatives in America that Barack Obama and his fellow travelers are devoid of any honor or integrity and have been immersed in not only socialist/ Marxist philosophy but the belief that they are preordained to govern the masses. Therefore there is but one enemy -- their political opposition, who must be defeated at any cost and by any means possible, ethical or otherwise.
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Hope and Fear:
Obama into 2014
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American Thinker, by Eileen F. Toplansky
Original Article
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Posted By: Desert Fox- 5/19/2013 8:08:16 AM
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In the days before the 1905 Russian Revolution, there was great discontent with the Tsar´s dictatorship. The revolution was a "wave of mass political and social unrest that spread through vast areas of the Russian Empire. Some of it was directed against the government, while some was undirected. It included terrorism, worker strikes, peasant unrest, and military mutinies." These cataclysmic changes evoked a number of reactions. Isaac Leib Peretz, one of the luminaries of Yiddish literature, wrote a small essay entitled "Hope and Fear," wherein he asserted the following. I worry. As victors.
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Michelle Obama criticizes the
worship of celebrities, sports stars
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The Hill, by Emily Goodin
Original Article
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Posted By: Desert Fox- 5/18/2013 10:39:03 PM
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Michelle Obama on Friday urged black youth to stay in school instead of dropping out to become a "baller or a rapper." The first lady, speaking to graduates at Bowie State University, a historically black college, criticized the worship of sports stars and celebrities. "Today, instead of walking miles every day to school, they’re sitting on couches for hours playing video games, watching TV," she said of black youth. "Instead of dreaming of being a teacher or a lawyer or a business leader, they’re fantasizing about being a baller or a rapper."
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Why Andrew Breitbart Walked
into the Fire with Sarah Palin
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Breitbart´s Big Government, by Andrew Marcus
Original Article
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Posted By: Desert Fox- 5/18/2013 10:18:30 PM
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Whenever Andrew Breitbart saw that somebody was being unfairly maligned by the institutional Left, he became that person´s stalwart defender. Sarah Palin, perhaps more than any other person in recent history, endured the full weight of what Breitbart called the "Democrat-media complex," and so Sarah Palin had no more fierce a defender than Andrew Breitbart. He never explicitly endorsed her for President--Breitbart, as a rule, didn´t endorse candidates. He wasn´t a policy wonk, nor did he enjoy punditry--Breitbart´s sights were consistently set on the media. He understood how the media can shape, influence, or
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Taxes on some wealthy French
top 100 pct of income: paper
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Reuters, by Leigh Thomas
Original Article
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Posted By: Desert Fox- 5/18/2013 9:53:43 PM
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More than 8,000 French households´ tax bills topped 100 percent of their income last year, the business newspaper Les Echos reported on Saturday, citing Finance Ministry data. The newspaper said that the exceptionally high level of taxation was due to a one-off levy last year on 2011 incomes for households with assets of more than 1.3 million euros ($1.67 million). President Francois Hollande´s Socialist government imposed the tax surcharge last year, shortly after taking office, to offset the impact of a rebate scheme created by its conservative predecessor to cap an individual´s overall taxation at 50 percent of income.
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Good Luck Being Unemployed Under Obama
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American Thinker, by Chad Stafko
Original Article
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Posted By: Desert Fox- 5/18/2013 11:47:12 AM
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Thirty-six weeks. That´s the average time an unemployed American is out of work in the Obama-led economy, according to the latest government data. For anyone who has been jobless for an extended duration of time, nine months seems like an eternity. But, nine months is the norm in the Obama economy. The latest data from the Department of Labor show the nation´s unemployment rate stands at 7.5%. The Obama Administration and Obama backers are quick to point out that this rate is the lowest of his presidency. However, the deeper we dig into the state of the unemployed under Obama,
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Most Active Articles (last 48 hours)
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Analyze this
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Power Line, by Scott Johnson
Original Article
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Posted By: MissMolly- 5/19/2013 11:33:33 AM
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What did President Obama do on the evening of 9/11/12 when our men were under attack in Benghazi? The invaluable Andrew McCarthy reminds us that Obama and Secretary Clinton had a 10:00 p.m. phone call of which many (including, I think, Chris Wallace) have lost sight. This morning when Wallace asked Obama aide Dan Pfeiffer what Obama was up to that evening, Pfeiffer declared the line of inquiry “offensive.” Translation: Obama and his minions would prefer to “move on” and are warning the likes of FNC off:(Snip for video)The Weekly Standard’s Daniel Halper has posted the rush transcript
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Evidence emerges that Obama
administration official knew of
IRS targeting during 2012 campaign
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CBS News, by Margaret Brennan
Original Article
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Posted By: earlybird- 5/18/2013 9:01:39 PM
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WASHINGTON - There were new questions Saturday night concerning if anyone in the White House was aware of the IRS´ targeting of conservative groups. Inspector General Russell George said he informed a deputy at the Treasury Department in June of 2012 about the probe into the IRS. The Treasury Department confirmed the timeline but said they did not know the details of the investigation until last week.(Snip)Marcus Owens ran the tax-exempt division at the IRS for 10 years. He said it isn´t difficult to figure out who´s doing what at the agency.
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Watergate 2.0 -- why the
IRS scandal is far worse
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Fox News, by Matt Kibbe
Original Article
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Posted By: StormCnter- 5/18/2013 5:59:17 AM
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In the wake of one of the worst abuses of government power in recent history, many are rushing to frame the Internal Revenue Service scandal as simply an attack on conservative activists. That view risks creating a partisan political football and misses a fundamentally scarier abuse that exceeds the scandals of Watergate or any other prior government abuse. The IRS has admitted that since May 2010 it targeted grassroots-conservative organizations that had applied for tax-exempt status, unfairly subjecting them to rigorous scrutiny due to their political leanings. Such groups were told they were required to comply with IRS requests,
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Lew asks Congress for debt increase,
says it’s ´not open to debate´
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The Hill, by Peter Schoeder
Original Article
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Posted By: DW626- 5/18/2013 6:12:33 PM
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Treasury Secretary Jack Lew on Friday urged congressional leaders to raise the debt limit and insisted that the White House is not going to negotiate over the increase because lawmakers have "no choice." "We will not negotiate over the debt limit," Lew wrote. "The creditworthiness of the United States is non-negotiable. The question of whether the country must pay obligations it has already incurred is not open to debate." Lew said that while President Obama is willing to discuss plans to reduce the nation´s deficit with Congress, those talks must be kept separate from any effort to raise the nation´s debt cap.
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McCaskill Calls For Firing Of All
Involved In IRS Targeting Scandal
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KMOX [St, Louis], by Staff
Original Article
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Posted By: BuckeyeRon- 5/18/2013 2:46:31 PM
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Washington – Sen. Claire McCaskill, D-MO, issued a video statement Friday in response to reports that the Internal Revenue Service unfairly targeted conservative nonprofit groups. (Snip) “There’s a reason Lady Justice wears a blindfold in America. That is because in America, we don’t apply the law based on who you are, who you know, or what you believe. We apply the law equally.” “We should not only fire the head of the IRS, which has occurred, but we’ve got to go down the line and find every single person who had anything to do with this and make sure
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Higher-Ups Knew of IRS Case
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Wall Street Journal, by John D. McKinnon*
Original Article
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Posted By: Dreadnought- 5/17/2013 10:23:18 PM
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The Internal Revenue Service´s watchdog told top Treasury officials around June 2012 he was investigating allegations the tax agency had targeted conservative groups, for the first time indicating that Obama administration officials were aware of the explosive matter in the midst of the president´s re-election campaign. The disclosure to the Treasury general counsel and the deputy secretary was a cursory one, according to J. Russell George, the Treasury inspector general for tax administration. He said he didn´t reveal conclusions of the probe, which was in its early stages, and his disclosure came as part
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Camelot Is Burning
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Breitbart´s Big Government, by Christopher Burton
Original Article
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Posted By: mitzi- 5/18/2013 8:16:11 PM
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It began in earnest last Friday. A flash mob of latte drinking, tofu eating media that has done its best to quell, rather than fan the flames of truth, turned on one of their own. Jay Carney lay bludgeoned at the base of the podium, a victim of friendly fire. Ironically, the attack was reminiscent of the one in Benghazi he has repeatedly denied the Administration he represents bears any responsibility for. “Changed twelve times?!” came the cries. And with good reason. We were misled; no, lied to.
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