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January 1, 2013
In which logic flips itself on its head and introduces new wrinkles.

In which logic flips itself on its head and introduces new wrinkles.

23:01 // 1 year ago
December 31, 2012
14:36 // 1 year ago
December 29, 2012

French President Hollande’s “supertax” policy falls by court ruling

  • 75%tax rate on France’s rich ruled unconstitutional. The so-called “supertax,” which would have only affected individual earnings exceeding $1.23 million per year, was deemed unfair by the French Constitutional Court and was thrown out, a blow to socialist President Francois Hollande’s fiscal agenda – the tax would have impacted a mere 1,500 people or so, raising less than $661 million. source
15:16 // 1 year ago
December 20, 2012
22:55 // 1 year ago
December 17, 2012
15:28 // 1 year ago
December 12, 2012
14:35 // 1 year ago
December 4, 2012
We are not going to be able to come up with comprehensive tax reform package that gets it all done just in the next two weeks. We are not going to be able to come up with necessarily a comprehensive entitlement reform package that gets it all done in the next two weeks. When you look at what Ronald Reagan did back in 1986 working with Bill Bradley and others, that was a year-and-a-half process … Let’s essentially put a down payment on taxes. Let’s let taxes on upper-income folks go up.
President Obama • Demanding an end to top-end Bush tax cuts during his first post-election interview with Bloomberg News’ Julianna Goldman. While he may have signaled some willingness to compromise, the President told Goldman that Republicans needed to give more, and that the most recent “fiscal cliff” proposal from Speaker Boehner was “still out of balance.” source
14:31 // 1 year ago
November 26, 2012
We’ve got some people discussing impure thoughts on national television.
Grover Norquist, on some Republicans’ recent comments that they’d break the Americans for Tax Reform pledge to reach a deal that avoids the fiscal cliff.  (via officialssay)

I’m starting an organization called Americans for Purity Reform and having people sign a pledge with this phrase: “I will not take Grover Norquist seriously.” 
18:58 // 1 year ago
The economic arguments in favor of legalizing pot are no hallucination. Forecasting firm IHS Global Insight reports that Washington state could pull down nearly $2 billion in additional revenue over five years, through fees on licenses granted to pot providers. Colorado, which would manage pot sales differently, could earn about $342 million from excise taxes over five years. In a tough economy, with voters staunchly opposed to most new taxes, that’s a meaningful amount of revenue.
Will Pot Be the Next Obama Stimulus Plan? (via usnews)

Could this be the new NORML?
10:37 // 1 year ago
November 24, 2012
…the commitment he made to the people of Georgia was not to me, it was a written commitment to the people of Georgia that he would go to Washington to reduce government spending, and reform government, not raise taxes. If he wants to change his mind and become a tax increaser, so we don’t have to reform government, he needs to have that conversation with the people of Georgia.
Anti-tax activist Grover Norquist • Responding to remarks we mentioned yesterday by Georgia’s Senator Saxby Chambliss. Chambliss made it clear he won’t be constrained on tax negotiations, even though he signed Norquist’s infamous pledge, to never raise taxes, decades ago. The above was Norquist’s testy response, delivered to Joe Johns on CNN. That he’d try to chasten Chambliss by reminding him of potential political risk is no surprise, considering the stakes — the GOP begins turning its back on the pledge during upcoming “fiscal cliff” negotiations could shatter the keystone of Norquist’s influence and relevance in Washington. source
16:16 // 1 year ago