The coolest place on the internet, according to this tagline.
AskArchiveFAQ

August 2, 2012
I am not basing this on some figment of my imagination.
Harry Reid • “Doubling down,” as they say, on his allegation that Mitt Romney paid no taxes for ten years.  Reid sourced this claim to an anonymous investor in Bain, Romney’s old company, and in a conference call with reporters today, said that he’s “had a number of people tell me that [Romney paid no taxes].” When asked to back up his claim, Reid replied: “The burden should be on him. He’s the one I’ve alleged has not paid any taxes. Why didn’t he release his tax returns?” On the one hand, it’s easy to attribute an incendiary allegation to an anonymous source, as Reid has done. On the other hand, the only way to confirm or discredit this allegation is—you guessed it—for Romney to release his tax returns. source (viafollow)
11:39 // 1 year ago

Why you should be skeptical when politicians cite studies

  • "objective" That’s how Mitt Romney’s campaign described the Tax Policy Center, a think tank, during the GOP primary, when it provided a politically helpful analysis of Rick Perry’s tax plan.
  • "biased"That’s how Romney’s campaign described the latest Tax Policy Center report, which concluded that the bottom 95% of Americans would see a tax increase under Romney’s tax proposal. source

» “According to a study by…” Here is the report in question. Now, it does look like Romney flip-flopped, but there’s a bigger take-away here. When politicians—candidates in particular—cite tax analyses, or budget reports, or academic studies, don’t just take them at their word. Learn something about the group that produced the study, because not all think tanks are created equal. (The Tax Policy Center, for example, is affiliated with the Brookings Institute, which identifies as nonpartisan but is widely—though not unanimously—considered to be center-left. Meanwhile, Romney’s campaign counter-cited a study by Ernst & Young, which is unabashedly pro-business). Also, check to see if the politician citing the study once bashed the group that produced it.

Follow ShortFormBlog • Find us on Twitter & Facebook

10:56 // 1 year ago
July 19, 2012

Despite conservative pressure, Mitt Romney’s tax returns won’t get released

  • cause The pressure on Mitt Romney to release more details on his taxes is rising. The practice, started up by Mitt’s father George, is a common one for major candidates, and Mitt is facing pressure from other conservatives to offer more details.
  • reaction Despite this, Romney isn’t backing down. Just this morning, his wife Ann told ABC News that “we’ve given all that people need to know” regarding his tax records. Does this info matter to you, potential voter in the 2012 election? source

Follow ShortFormBlog • Find us on Twitter & Facebook

11:45 // 2 years ago
July 17, 2012
[T]he opposition research of the Obama campaign is looking for anything they can use to distract from the failure of the president to reignite our economy. And I’m simply not enthusiastic about giving them hundreds or thousands of more pages to pick through, distort, and lie about.
Mitt Romney • Explaining why he doesn’t intend to release any of his tax returns from prior to 2010. As an analysis of President Obama’s reelection strategy, Romney is absolutely right: Obama does indeed want to distract from the economy as much as possible. But as an explanation as to why he’s not releasing his returns, this doesn’t cut it. If there’s nothing to hide in the returns, wouldn’t the Obama campaign’s efforts to “pick through, distort, and lie” fail? If not, that would imply that voters are gullible enough to be fooled into thinking there’s scandal when there isn’t—which, to be fair, may well be the case, but we don’t really think that’s the argument Romney should be making if he wants to be elected president. Also, saying stuff like that results in headlines like thissource (viafollow)
14:06 // 2 years ago
July 2, 2012
The governor has consistently described the mandate as a penalty…[President Obama] insisted publicly and to the members of Congress that the mandate was not a tax. After it passed the Congress, he sent his solicitor general up to court to argue that it was a tax. Now he is back to arguing that it’s not a tax.
Romney senior adviser Eric Fehrnstrom • During an interview on MSNBC, saying that President Obama has been the true flip-flopper on how the ACA individual mandate’s penalties should be classified.  Following last week’s Supreme Court ruling on the matter, many conservatives have been quick to call the individual mandate a tremendous tax hike, with Rush Limbaugh going so far as to say it will be “the biggest tax increase in the history of the world.” While that’s since been proven untrue, it’s a bit surprising to see the Romney camp bucking the party-line on this issue, especially since they were falling in line just a few days agosource (viafollow)
15:26 // 2 years ago
June 7, 2012
Tax refugee? Singer Lauryn Hill faces unpaid tax charges
Former Fugees singer and solo artist Lauryn Hill faces federal charges for failing to file her taxes for three straight years, from 2005-2007. According to federal prosecutors, Mrs. Hill earned more than $1.6 million during that time. If convicted of the charges, Mrs. Hill could face up to $100,000 in fines and a maximum sentence of one year in prison. Hill, who has toured somewhat heavily in recent years, hasn’t released a new studio album since her 1998 debut. (Photo via TonyFelgueiras) source
Follow ShortFormBlog: Tumblr, Twitter, Facebook

Former Fugees singer and solo artist Lauryn Hill faces federal charges for failing to file her taxes for three straight years, from 2005-2007. According to federal prosecutors, Mrs. Hill earned more than $1.6 million during that time. If convicted of the charges, Mrs. Hill could face up to $100,000 in fines and a maximum sentence of one year in prison. Hill, who has toured somewhat heavily in recent years, hasn’t released a new studio album since her 1998 debut. (Photo via TonyFelgueiras) source

Follow ShortFormBlog: Tumblr, Twitter, Facebook

17:52 // 2 years ago
June 1, 2012
Jeb Bush, who doesn’t want to be vice president, would back raising taxes
But only $1 for every $10 cut. Let’s not get too crazy: The brother of George W. Bush isn’t afraid to break from his party on some issues, and one of those appears to be the hard stance that taxes could not raise in any circumstances whatsoever. “If you could bring to me a majority of people to say that we’re going to have $10 in spending cuts for $1 of revenue enhancement — put me in, coach,” he told the House Budget Committee Friday. In fact, Bush is one of those rare beasts who turned down Grover Norquist’s infamous pledge against all tax increases, at any time, ever. Whoa, this guy sounds like a moderate. Get him! source

Follow ShortFormBlog: Tumblr, Twitter, Facebook

But only $1 for every $10 cut. Let’s not get too crazy: The brother of George W. Bush isn’t afraid to break from his party on some issues, and one of those appears to be the hard stance that taxes could not raise in any circumstances whatsoever. “If you could bring to me a majority of people to say that we’re going to have $10 in spending cuts for $1 of revenue enhancement — put me in, coach,” he told the House Budget Committee Friday. In fact, Bush is one of those rare beasts who turned down Grover Norquist’s infamous pledge against all tax increases, at any time, ever. Whoa, this guy sounds like a moderate. Get him! source

Follow ShortFormBlog: Tumblr, Twitter, Facebook

15:41 // 2 years ago
May 27, 2012

States don’t want to raise taxes, so they’re collecting twice as hard

  • problem States like Vermont, Idaho and Oklahoma are trying desperately not to raise taxes on their economy-torn residents. “You don’t want to raise taxes until you’re very sure the taxes that people are supposed to pay are being paid,” said Rep. Janet Ancel, chairwoman of Vermont’s House Ways and Means Committee.
  • solution They may not be willing to raise taxes, but they’re totally willing to go after residents who aren’t paying back taxes! “It certainly is your responsibility when you have a business to be keeping up on the rules,” said Vermont State Tax Commissioner Mary Peterson. Question: Would you rather see tax increases than this? source

Follow ShortFormBlog • Find us on Twitter & Facebook

15:41 // 2 years ago
May 21, 2012
21:42 // 2 years ago
April 30, 2012
reuters:

Amazon is working hard to limit the amount of states requiring the collection of sales tax on online purchases. The company recently struck a deal with the state of Texas in which the state agreed to delay the collection of sales tax. [REUTERS]

Anyone feel like Amazon should nip this problem in the bud for good?

reuters:

Amazon is working hard to limit the amount of states requiring the collection of sales tax on online purchases. The company recently struck a deal with the state of Texas in which the state agreed to delay the collection of sales tax. [REUTERS]

Anyone feel like Amazon should nip this problem in the bud for good?

10:47 // 2 years ago