(Source: legalinsurrection.com)
“The more I learn about people, the more I like my dog.”
— Mark Twain
(picture source)
(via nomosshere)
"Our tax code layers taxation of dividends and capital gains on top of a top corporate tax rate of 35%—which even President Obama acknowledges is one of the highest in the world.
This is ironically the embodiment of the “corporate personhood” legal doctrine otherwise so decried by the left. The law taxes corporations as if they were separate beings from the shareholders who own them and then levies a separate tax on shareholder payouts and gains. This double taxation brings the effective tax rate on investment income to as much as 44.75%.
In other words, after the combined top tax rates hit $100 of corporate income, $55.25 remains for the investor. And this figure doesn’t even include various state and local taxes, or the death tax. …If the traditional disclosure of tax returns is elevated into a “teachable moment” about the burdens of double taxation, all Americans could be winners."
This is ironically the embodiment of the “corporate personhood” legal doctrine otherwise so decried by the left. The law taxes corporations as if they were separate beings from the shareholders who own them and then levies a separate tax on shareholder payouts and gains. This double taxation brings the effective tax rate on investment income to as much as 44.75%.
In other words, after the combined top tax rates hit $100 of corporate income, $55.25 remains for the investor. And this figure doesn’t even include various state and local taxes, or the death tax. …If the traditional disclosure of tax returns is elevated into a “teachable moment” about the burdens of double taxation, all Americans could be winners."
—
TaxProf Blog: Mitt Romney’s True Tax Rate: 44.75%
(via jeffmiller)
(via jeffmiller)
“We’re not going to do repeal. You’re not going to repeal Obamacare… It’s not a total repeal… You will not repeal the act in its entirety, but you will see major changes, particularly if there is a Republican president… You can’t whole-cloth throw it out. But you can substantially change what’s been done.”
Trickle-down Government
“The President’s grand experiment in trickle-down government has held back rather than sped economic recovery. He seems to sincerely believe we can build a middle class out of government jobs paid for with borrowed dollars. In fact, it works the other way: a government as big and bossy as this one is maintained on the backs of the middle class, and those who hope to join it.
“Those punished most by the wrong turns of the last three years are those unemployed or underemployed tonight, and those so discouraged that they have abandoned the search for work altogether. And no one has been more tragically harmed than the young people of this country, the first generation in memory to face a future less promising than their parents did.
“As Republicans our first concern is for those waiting tonight to begin or resume the climb up life’s ladder. We do not accept that ours will ever be a nation of haves and have nots; we must always be a nation of haves and soon to haves.”
(Source: blogs.dailymail.com)
"
‘Innovation is what America has always been about,’ so let’s pass regulations to make more innovators.
I…
I have no words. This is the cheapest pandering I’ve seen in 30 years of watching cheap politicians.
"—
(via nomosshere)
"You can call this class warfare all you want,” but I’m going to tax the bejeebus out of some robber barons."
(Source: nomosshere)
"ObamaCare is privatization! War is Peace! Slavery is Freedom! Drunkenness is Sobriety!"
(Source: nomosshere)
Oil Boom in North Dakota is Having a Major Impact
Rents in Williston currently range from $2,000 for a one-bedroom apartment to $3,400 for a three-bedroom apartment.
Williams County allows three campers per farmstead, the farmers almost all have three campers on their property and are charging $800 per camper per month for rent.
The Walmart in Williston no longer stocks shelves, they bring out pallets of merchandise at night, and set them in the aisles, and customer shops from the pallets.
On January 1, the Williston Walmart had 148 campers overnight in their parking lot.
The Williston McDonalds just announced that they will pay new workers $15 an hour, a $500 immediate signing bonus and full medical benefits.
The Williston General Motors dealership has now become the No. 1 seller of Corvettes in the upper Midwest.
The Williams County jail has increased bookings by 150%, with a 100% increase in the inmate population. Bonds of $5,000 to $10,000 are typically paid with cash out of pocket. The Williams County Sheriff stated that a couple of weeks ago he received a $63,000 bond in cash carried into the jail in a plastic Walmart bag.
(Source: mjperry.blogspot.com)
1000 Days Without A Budget
Taxi Nazis
An Aspen judge sentenced a 76-year old man to jail for 15 days for operating an unlicensed taxi service. The senior citizen said he does not operate a taxi for profit but merely enjoys giving friends and service-industry workers a ride home late at night. The money he collects pays for gas and upkeep on his vehicle.
Sullivan doesn’t hold a state license to operate a cab, and drivers for other local cab services, primarily High Mountain Taxi employees, have complained that his presence on the roads in and around Aspen is unfair and that he should be forced to play by the rules.
"Treat all economic questions from the viewpoint of the consumer for the interests of the consumer are the interests of the human race."
— Frederic Bastiat
