income taxes

The Rightwing 53%ers Want To Tax The Disabled, Including Veterans

Posted 10/14/11 at 9:01am by jamie

The other day I covered how the 53%ers are apparently against the very policies they have advocated for years. The 47% of people not paying federal income tax do so in a large part because of the Bush tax cuts and we know the right has been a long time advocate of those tax cuts. Now let’s look at a chart of those 47% that don’t pay federal income tax and what composes that group, courtesy of the Brookings Institute:

Brookings explains the breakdown as such:

Another #Fail Of GOP Economics

Posted 3/26/11 at 8:02am by jamie

When the GOP talks about tax breaks for the rich and businesses they always use the argument that the more money business has, the more people they will hire. This has been in a direct conflict of supply and demand economics and more proof is in this:

Despite high unemployment and a largely languishing real estate market, U.S. businesses are more profitable than ever, according to federal figures released on Friday.

U.S. corporate profits hit an all-time high at the end of 2010, with financial firms showing some of the biggest gains, data from the federal Bureau of Economic Analysis show. Corporations reported an annualized $1.68 trillion in profit in the fourth quarter. The previous record, without being adjusted for inflation, was $1.65 trillion in the third quarter of 2006.

Many of the nation's preeminent companies have posted massive increases in profits this year. General Electric posted worldwide profits of $14.2 billion, while profits at JPMorgan Chase were up 47 percent to $4.8 billion.

Guilty Until Proven Innocent? The Right’s Assault On Women Continues

Posted 2/23/11 at 4:11pm by jamie

The fringe elements of America’s right continues to show it’s ugly head:

Georgia state Rep. Bobby Franklin (R) has made a name for himself by introducing far-right extremist bills. He has introduced legislation barring the state from requiring vaccinations, eliminating income taxes and replacing them with nothing, and requiring state taxpayers to only pay in gold or silver.

Now, he has introduced what may be his most offensive and extreme bill yet. Last week he unveiled HB 1, which would, as the parenting blog Babble explains, “require proof that a miscarriage occurred naturally.” If proof could not be provided, the mother could face “felony charges”:

State Rep. Bobby Franklin of Georgia introduced a bill in his state last week that, if enacted, would require proof that a miscarriage occurred naturally. If a woman can’t prove that her miscarriage–or spontaneous abortion–occurred without intervention, she could face felony charges.

Glenn Beck Has Some Tax Problems

Posted 1/8/10 at 7:59pm by jamie

Politico has uncovered some tax troubles for ole’ Glenn:

Mercury, a private corporation that lists Beck as chief executive officer and his wife, Tania Beck, alternately as vice president or secretary, since 2007 has fallen behind on its New York City business income taxes and has been cited for filing errors related to its obligations under Texas franchise tax and New York state workers' compensation insurance rules.

[SNIP]

In October 2007, New York City issued a tax warrant against Mercury Radio Arts, indicating that the company had been penalized $10,927.49 for overdue 2006 general corporation taxes and still owed $7,111.03, according to documents obtained by POLITICO.

[SNIP]

The source said Mercury’s relocation also resulted in confusion over the company’s unemployment insurance, culminating in the New York State Workers Compensation Board in July 2007 issuing a judgment, obtained by POLITICO, assessing an $8,250 fine against Mercury for failure to carry workers’ compensation insurance from March 31, 2006, through Feb. 25, 2007.

Let’s go back to last February when Beck was “fired up” over Daschle and other’s in Washington with tax problems:

So Does Not Paying Taxes Still Matter?

Posted 2/18/09 at 11:56am by jamie

Funny how the Republicans went after Obama cabinet nominees for tax problems, yet their own star has her own problems:

Gov. Sarah Palin must pay income taxes on thousands of dollars in expense money she received while living at her Wasilla home, under a new determination by state officials.

The governor's office wouldn't say this week how much she owes in back taxes for meal money, or whether she intends to continue to receive the per diem allowance. As of December, she was still charging the state for meals and incidentals.

"The amount of taxes owed is a private matter," Sharon Leighow, Palin's spokeswoman, said in an e-mail. "If the governor collects future per diem, those documents would be a matter of public record."

The revelation about Palin comes as U.S. senators, including Sen. Mark Begich, D-Alaska, are under scrutiny over back taxes. A survey by the political newspaper and Web site Politico (www.politico.com) found that Begich was one of seven senators who acknowledged owing back taxes.

So it’s a “private” matter? Why didn’t Daschle and Geithner claim that! Oh – I guess it’s private since she is a Republican and we know they hate taxes so much.

Like I said during all the tax discussions – if we did an audit on all the politicians, people would be surprised out how bad the outcome would be.

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