… and by golly, how dare parents and grandparents pass the property and assets they spent a lifetime earning on to their own kids! President Barack Obama is proposing new taxes on the wealthiest Americans that would limit their profits from investments and make it harder for them to pass assets to heirs. […] He would increase the top tax rate on capital gains and dividends to 28 percent from
taxes
April 20, 2014
Justice Scalia “The government has the right to tax …” [Darleen Click]
“… but if it reaches a certain point, perhaps you should revolt.” h/t Bob Belvedere who wonders if this makes Scalia an #OUTLAW
December 26, 2013
Happy New Year! Here’s your new ObamaCare Fees! [Darleen Click]
Thank you, Judge Roberts! Most insurers aren’t advertising the ObamaCare taxes that are added on to premiums, opting instead to discretely pass them on to customers while quietly lobbying lawmakers for a break. But one insurance company, Blue Cross Blue Shield of Alabama, laid bare the taxes on its bills with a separate line item for “Affordable Care Act Fees and Taxes.” The new taxes on one customer’s bill added
December 8, 2012
California raises taxes, revenues in free fall … unexpectedly! [Darleen Click]
Wow, who woulda thunk? State Controller John Chiang today released his monthly report covering California’s cash balance, receipts and disbursements in November 2012, showing total revenues were $806.8 million below (-10.8 percent) projections contained in the 2012-13 State budget. “November’s disappointing revenues stand in stark contrast to recent news that California is leading the nation in job growth, has significantly improved its cash liquidity to pay bills, and even long-distressed
November 28, 2012
The “rich” are rarely stupid [Darleen Click]
Who knew? In the 2009-10 tax year, more than 16,000 people declared an annual income of more than £1 million to HM Revenue and Customs. This number fell to just 6,000 after Gordon Brown introduced the new 50p top rate of income tax shortly before the last general election. The figures have been seized upon by the Conservatives to claim that increasing the highest rate of tax actually led to
August 8, 2012
Why not start with a 20% excise tax on the film industry? [Darleen Click]
Steven Spielberg, George Clooney and other 1%-centers of Hollywood just can’t get enough of Barry Obama and his plans to redistribute the wealth. Well, guys and gals, time to put up or shut up. Time to lead the way or get out of the way. I mean, in the early 1950’s Hollywood continued to cheer on FDR’s 20% excise tax … right? Hollywood discovered Laffer Curve before Laffer did. In
April 25, 2012
As goes California — the epic failure of the Progressive Left [Darleen Click]
Well, only if one defines failure as being a vibrant example of Western principles rather than a feudal state of coastal lords and inland serfs [Joel] Kotkin, one of the nation’s premier demographers, left his native New York City in 1971 to enroll at the University of California, Berkeley. The state was a far-out paradise for hipsters who had grown up listening to the Mamas & the Papas’ iconic “California