Taxes

Mike the Mad Biologist

Category archives for Taxes

I’ve discussed the harrowing plight of the family that barely scrapes by on $250,000 per year. Jon Stewart brings the snark: The Daily ShowGet More: Daily Show Full Episodes,Political Humor & Satire Blog,The Daily Show on Facebook Part deux:

Republican presidential candidate Rick Perry, in an attempt to win the craziness sweepstakes, has been proclaiming hither and yon that half of all Americans pay no income tax. Call me confused, but I thought Republicans wanted to lower income taxes? Maybe it has something to do with who those non-payers are? Well, who are they?…

So GOP Senator Orrin Hatch has decided to embrace his inner douchebag: “I hear how they’re so caring for the poor and so forth,” Hatch said in remarks on the Senate floor Wednesday, in reference to Democrats. “The poor need jobs! And they also need to share some of the responsibility.” …But it was Hatch…

Last week, a story about a burning North Carolina wildlife refuge that forced the evacuation of an entire town (said town was spared thankfully) came over the transom. What struck me was this little bit: Meanwhile, single-engine tanker aircraft and helicopters dropped water on the fire. Federal incident management teams and volunteer firefighters from across…

…you know things are getting weird. David Warsh writes: I belong to a luncheon club whose smartest member is a longtime investment manager whom I have observed for many years, He walked out of the room after a global tour d’horizon talk the other day and said on the sidewalk in front of the building,…

Dan Froomkin has a great article about the role that financial speculation plays in driving up gasoline prices*. Keep in mind that even Goldman Sachs, the largest oil trader, admits that speculation drives up oil prices. But what really disgusting is how this speculation-based rise in prices serves as a wealth transfer from, well, just…

Boston, like many cities that serve as a regional cultural hub, has a lot of property owned by non-profits. And all of that property is untaxed. How much? The Back Bay Sun notes: The exemptions began with church properties, spread to hospitals and learning institutions, then to museums. The combined value of Boston’s nonprofit properties…

Even movie villians aren’t this twisted. And, no, I’m not making this up (italics mine): Under a GOP-backed bill expected to sail through the House of Representatives, the Internal Revenue Service would be forced to police how Americans have paid for their abortions. To ensure that taxpayers complied with the law, IRS agents would have…

What I’ve never understood about the idea of tax cuts for the rich to stimulate the economy is that, as one wealthy person told me, “I spend what I’m going to spend, and the rest goes in the bank.” Tax cuts don’t stimulate growth, unmet demand stimulates growth. Sure, there are some rich people with…

The Sacramento Bee has a good interactive feature of how to balance California’s budget*. It puts all of the realistic proposals on the table (i.e., idiots who want California to stop giving out so much foreign aid, or some other hooey need not apply). What you’ll notice two things very quickly: