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Sep 29, 2020 ~ The @nytimes runs a story about Trump's illegally obtained tax returns to say he doesn't pay much. They have 'tax avoidance' in the headline but nothing illegal. Overpayments from some years reduced taxes in others. Proved he was truthful about being audited and no Russian deals. [Fake News, Russia Hoax, Taxes, TDS]
Sep 26, 2020 ~ The #FakeNews @NYT tries a Dan Rather level October surprise with a misleading article about Trump's 'tax avoidance.' Just proves excess tax in some years credited to other years. Proves Trump was truthful that he was under audit and that he had no undisclosed Russian business. [Fake News, Russia, Taxes]
Jul 7, 2020 ~ After passing the 'Amazon Tax', Seattle City Councilwoman Kshama Sawant threatens Amazon. Don't oppose it or 'We are coming for you and your rotten system.' and all of capitalism. 'We are coming to dismantle this... racist, sexist, violent, utterly bankrupt system of capitalism.' [Violent Left, Loathsome Left, Socialism, Taxes]
Mar 3, 2020 ~ Kevin Williamson 'Bernie Sanders's - and the Left's - Fake Fiscal History of 1950s America' 'Sanders is full of it.' Tax burden is 'about the same today' except the rich pay more and the middle class pays less. Military spending cut by 2/3rds. Welfare, education spending way up. [Kevin Williamson, Taxes, Education, Entitlements, Fake News, Sanders]
Feb 5, 2020 ~ Walter Williams debunks the idea that corporations pay taxes. 'Corporations are simply tax collectors for the government.' 'A corporation can shift the tax burden by raising its product prices, lowering dividends or laying off workers. The lesson is that only people pay taxes.' [Walter Williams, Economics, Taxes]
Nov 20, 2019 ~ Joshua R. Hendrickson debunks new book 'Triumph of Injustice: How the Rich Dodge Taxes and How to Make Them Pay' which claims to show that rich and poor pay the same average tax rate. Many problems with the analysis. One big one is they don't include transfer payments as income. [Economics, Taxes, Fake News]
Nov 13, 2019 ~ Norman Rogers article, 'Fake Wealth and Income Statistics'. Dems complain that its unfair capital gains and dividends are taxed lower than income. But dividends are taxed twice so combined it's a 38% rate. And since cap gains not inflation index, most of tax is on inflated gains. [Economics, Taxes]
Oct 10, 2019 ~ Michael Strain debunks fake NYT article titled 'The rich really do pay lower taxes than you' The lowest 20% of households pay an avg federal rate of 2%. The mid 20% pay 14%. The top 20% pay 27%. The top 1% pay 33%. If you include transfer payments, rate of the bottom 20% is -70%. [Fake News, Economics, Taxes]
Oct 2, 2019 ~ Trump wins court case against the state of California which passed a law that would keep his name off the ballot unless he released 5 years of tax returns. After doing everything they could to overturn result 2016 result, dems are trying to prevent Trump from running in 2020. [Trump Win, Taxes]
Sep 18, 2019 ~ Biden claims if 'we provide an $8,000 tax credit for everybody who has childcare costs, it would put 720 million women back in the workforce. It would increase the GDP, to sound like a wonk here, by about eight-tenths of one percent' Biden is in NO DANGER of sounding like a wonk. [Politics, Economics, Biden, Taxes]
May 18, 2019 ~ Philadelphia's soda tax bombed as anyone who understands economics and human nature predicted. Sales of soda were down in Philadelphia but up in surrounding towns. Total tax revenue was way down because people shopped for everything out of town. Soda consumption was unchanged. [Economics, Taxes]
Apr 30, 2019 ~ Bernie Sanders and other dems make the false claim that Amazon pays no taxes. Amazon has paid billions of dollars in taxes in recent years. In some years it had no profits and can carry losses forward etc. Very standard, legit stuff. Pays billions in a salaries and payroll taxes [Taxes, Fake News, Sanders]
Mar 27, 2019 ~ Elizabeth Warren is proposing a wealth-tax but most countries that tried it have abandoned it. Austria, Denmark, Finland, France, Germany, Iceland, Ireland, Italy, the Netherlands, Luxembourg, and Sweden. Very difficult to administer. Raised little or no money. Caused exodus. [Economics, Taxes]
Dec 16, 2018 ~ Stephen Moore's Three enduring lessons should be learned by the 1990 budget deal - Tax increases always lead to more government spending - Tax increases damage the economy and increase the deficit. Tax increases lead to Republican losses. [Taxes, Economics]
Nov 8, 2018 ~ 45% of US households, nearly 78 million individuals, have no federal income tax obligation - tax cuts were not 'for the rich' as dems lie but those without 'skin in the game' don't care about tax cuts - top 50% pay more than 97% of taxes [Taxes, Tax Cuts]
Aug 19, 2018 ~ Sweden has insane taxes - the MEDIAN wage earner pays 63% of earned wages in total taxes - but they have abandoned their most socialist ideas like 'employee funds' where profits were confiscated to buy shares transferred to the unions. [Taxes, Socialism]
Jul 29, 2018 ~ Michael Bargo, Jr., 'The Blue-State Housing Bubble' - Illinois the worst - property taxes INCREASING $10000 on small homes that already had ridiculous rates - these people are screwed - can't sell the house now so can't flee the high tax state - handcuffed [Taxes, Economics]
Jun 17, 2018 ~ Phil Kerpen 'Democrat Net Neutrality Plan is Really About Raising Taxes'. 'Internet services are protected by federal law from state, local, and federal taxes' but reclassification by net neutrality would allow many taxes to be imposed. This is the real purpose of net neutrality. [Net Neutrality, Taxes]
Apr 20, 2018 ~ John Stossel, 'Hidden Taxes' - John Stossel demonstrates how the government imposes many many taxes that most people don't realize are there - most people paying 50% in taxes or more - taxes never go away even when their original purpose is done. [Taxes, John Stossel]
Jan 13, 2018 ~ That new soda tax in Seattle is working out about as well as Chicago's - outraging consumers who then go out of city to get soda and since they're there, everything else - net loss of tax revenue - no health benefit [Taxes, Economics]
Jan 8, 2018 ~ The rich are fleeing Connecticut in droves - obvious consequence of high taxes but liberals don't get it - lost over $100 million in tax revenue in just one year - counter-intuitive but taxes too high make the deficit worse. 'more than $2 billion in income moved from CT to FL' [Taxes, Economics]
Dec 23, 2017 ~ 50 Million tax filers pay $0 in income tax - 30 million of those get $90 Billion back in cash payments. The typical democrat talking point that the rich don't pay their 'fair share' is absurd. Almost half of filers pay no taxes at all. The 'rich' pay the overwhelming majority. [Taxes]
Nov 20, 2017 ~ John Fund, 'Japan's 'Lost Generation' of No Economic Growth' - High Taxes and High Regulations were to blame - whenever the growth did not materialize, they doubled down and increased taxes and regulations more - let's not repeat their mistakes here. [Taxes, Economics]
Nov 18, 2017 ~ Steve Sherman, 'Not Eliminated But Fixed - The Carried Interest Loophole', The Trump tax plan finally gets the carried interest issue fixed properly without eliminating what was good about it. [Trump Win, Taxes]
Oct 29, 2017 ~ Guy Benson, 'Busting a Liberal Myth' - not only do the rich pay more than their fair share of the taxes, almost all Americans think they pay more than their fair share - top 20% pay 95% of income tax - only 1% of the people think it should be 90% and its already more than that. [Taxes]
Oct 29, 2017 ~ Steve Moore, 'A Lifetime of Taxes Is Enough'. Moore argues against the death tax - the ultra rich avoid it with trusts and estate planning - mostly hits family businesses - kids have to sell the business to pay the tax. [Taxes, Economics]
Oct 27, 2017 ~ Brooke Singman, 'Trump DOJ settles lawsuits over Tea Party targeting by Obama IRS' The government admitted the IRS unfairly discriminated against conservative groups under the Obama administration. 'The settlements involve payments to the plaintiffs and an apology from the IRS.' [Trump Win, Taxes]
Oct 21, 2017 ~ Leah Barkoukis, 'Liberal Millennials Love Trump's Tax Plan...When They Think It's Bernie's'. Embarrassing but hilarious demo that students and millennials know absolutely nothing except that they hate Trump. Similar to when they condemned Obama's words thinking they were Trump's. [Taxes, Sanders, College]
Jun 27, 2017 ~ Will Atkins, 'Seattle Gun Tax Backfires As Gun-Related Deaths Double' - big tax which hurt businesses and jobs - stated purpose was to reduce gun related deaths - Instead Gun-Related Deaths Doubled - gun control targets and hurts the wrong people as usual. [Guns, Taxes]
May 31, 2017 ~ Taxes Have More Than Doubled Per Capita Since JFK [Taxes]
May 16, 2017 ~ Stephen Moore, 'Obamacare Taxes Are Dangerous to Your Health and Wallet' Repeal of Obamacare Taxes help everyone by allowing hiring and the economy to grow - they are not tax cuts for the rich. 'every one of the taxes was counterproductive' [Economics, Health Care, Obamacare, Taxes]
Apr 29, 2017 ~ Veronique de Rugy, 'It's Time to Repeal FATCA' - Foreign Account Tax Compliance Act - supposed to catch off shore tax shelters but compliance costs are enormous to recoup less than $1 Billion in taxes annually [Taxes, Regulations]
Apr 17, 2017 ~ MSNBC hosts think they don't have to pay taxes - so many of them owe back taxes including Melissa Harris Perry $70K. Al Sharpton at one point owed $4.5 million, slightly less than sent Al Capone to prison - Sharpton still owes millions. [Taxes]
Mar 19, 2017 ~ Rachel Maddow could not have looked more ridiculous. Claimed she had Trump's tax returns! Tricked people into watching her show. Hugh ratings. She only had 2 pages of one 1040 showing Trump paid $38M on $150M. A higher percentage than Obama and Bernie Sanders. Viewers furious. [TDS, Fake News, Taxes, Sanders]
Mar 1, 2017 ~ Stephen Moore, 'States Are Going Broke Because They Broke the Bank' Many States, mostly blue Are Going Bankrupt. Combination of slow Obama economy growth, additional Obamacare spending and out of control budgets. Can't tax their way out. People leaving as they raise taxes. [Debt, Obamacare, Taxes]
Feb 14, 2017 ~ Unintended but predictable Consequences of the Philadelphia soda tax - stores outside city limits doing much better - stores in city limits harmed - the poor are harmed - more gas is burned driving farther to get soda - no one is any thinner. [Taxes, Regulations]

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