Tag Archives: Taxation Without Constitution

Merry Christmas: Congress Could Vote for an Online Sales Tax before the End of the Year

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“With less than five weeks to go in the year, supporters are concentrating most of their efforts on the Senate, where a measure giving states greater latitude to collect sales taxes from online purchases has a powerful backer in Majority Whip Dick Durbin (D-Ill.), says Politico.  Both the Senate and House proposals would allow states to collect sales taxes from internet retailers located in other states, an approach that also has been backed by prominent GOP governors, such as Cato favorite Chris Christie.”

http://www.economicpolicyjournal.com/2012/11/merry-christmas-congress-could-vote-for.html

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Tell me again… which of these nations is communist?

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“Tax rates across the board in the United States are set to increase dramatically in 2013. Currently the government will charge a 35% tax on the value of your estate that exceeds $5 million.  If you happen to kick the bucket on January 1st, however, the tax goes up to 55%, and the exemption goes down to $1 million.  This exemption is not indexed to inflation.  Perhaps most shocking is increase in dividend tax rates, set to rise from 15% to as high as 43.4%.  Ironically, the new government of the People’s Republic of China has decided the REDUCE their tax on dividends. Effective January 1st, the dividend tax rate in China will drop to a mere 5%.”

http://www.sovereignman.com/tax/tell-me-again-which-of-these-nations-is-communist-9924/

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Coerced Foreign Tax Compliance Is Killing American Jobs

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“No doubt thanks in part to FATCA, foreign direct investment in the US for the first half of 2012 declined by 39.2% over the prior year, and China surpassed the US as the world’s largest recipient of global foreign direct investment for the first time since 2003. At a time when Washington should be pursuing policies designed to attract foreign investment capital to American shores, politicians seem intent on driving it away.”

http://www.forbes.com/sites/realspin/2012/11/20/coerced-foreign-tax-compliance-is-killing-american-jobs/

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Reality Check: What The Fiscal Cliff Means For Businesses, Employees & The Unemployed

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“Reality Check/Simply Money Fiscal Cliff Cheat Sheet:  https://docs.google.com/open?id=0B1WT4DlXFQbeRTIxNWx3X0hYRjg ”

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Will Judge Napolitano Run for President in 2016?

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“Judge Napolitano talks to Wenzel about his new book, Theodore and Woodrow. Find out how these presidents were instrumental in Americans losing many of their freedoms. In addition, the Judge tells Wenzel if he will run for president in 2016. He also discusses why the potential for civil unrest and a totalitarian state are a very real possibilities.”

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Ron Paul: You’re Not Free If You Can’t Secede From An Oppressive Government

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“The feds have been arresting peaceful medical marijuana users and raiding dispensaries that state and local governments have sanctioned. It remains to be seen what will happen in states that are refusing to comply with deeply unpopular mandates of Obamacare by not setting up healthcare exchanges. In a free country governments derive their powers from the consent of the governed. When the people have very clearly withdrawn their consent for a law, the discussion should be over. If the feds refuse to accept that and continue to run roughshod over the people, at what point do we acknowledge that that is not freedom anymore?”

http://www.albanytribune.com/18112012-ron-paul-youre-not-free-if-you-cant-secede-from-an-oppressive-government-oped/

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Homelanders propose raising taxes on US Persons abroad to pay for “territorial taxation”

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“In case you hadn’t already figured it out, this is the shape of things to come for U.S. Persons abroad: relentless bipartisan attacks on the Foreign Earned Income Exclusion.  The latest effort in this direction contains provisions to phase out 20% of the FEIE every year until it is fully eliminated in 2017.  It uses the taxes and penalties raised from U.S. Persons abroad to cut taxes on Homeland corporations, allowing them to repatriate their foreign profits with a waiver of 85% of the U.S. tax that would be due.  The benefits of this tax cut will be denied to U.S. corporations which do not maintain their ‘U.S. employment levels’.”

http://isaacbrocksociety.ca/2012/11/18/homelanders-propose-raising-taxes-on-us-persons-abroad-to-pay-for-territorial-taxation/

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How The Alternative Minimum Tax Could Slam You

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“This year, unless Congress applies a new patch, the AMT will apply to nearly half of people with incomes of $75,000 to $100,000. Without action, an estimated 27 million more tax filers could find themselves paying an average of $3,700 more in taxes for 2012.  And yes, the financial hit applies to this tax year. Even if the new, incoming Congress applies an AMT patch after January, experts say it will be an accounting nightmare. It’s difficult to undo the tax once the filing season has begun in January, and at the least, it would result in long processing delays of all returns.”

http://www.npr.org/2012/11/12/164980052/how-the-alternative-minimum-tax-could-slam-you

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Why The U.S. Job Market Remains Terribly Bleak

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“Full time work is about to get scarcer. The reason? By hiring part-time workers who put in less than 30 hours per week, employers can avoid a mandate dictated by the new health reform law: either provide expensive health insurance or pay a fine equal to $2,000 per worker. Avoiding the mandate becomes even more attractive for low-wage employees, since they can get highly subsidized insurance in the newly created health insurance exchanges. Even though employers will have the option of paying a $2,000 fine, does anybody think the fine is likely to stay that low?”

http://www.forbes.com/sites/johngoodman/2012/11/15/why-the-u-s-job-market-remains-terribly-bleak/

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HUD director tapped to lead Sandy recovery

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“President Obama appointed the director of Housing and Urban Development (HUD), Shaun Donovan, to lead the government’s efforts to help states in the wake of Hurricane Sandy’s havoc.  Donovan will be in charge of recovery plans for states hit by the storm and direct federal assistance. The storm is expected to cost about $50 billion. New York Gov. Andrew Cuomo said he expects the federal government to provide the estimated $33 billion in damages and losses suffered in the state.”

http://www.rawstory.com/rs/2012/11/15/hud-director-tapped-to-lead-sandy-recovery/

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