Happy Tax Day!

“This is a question too difficult for a mathematician. It should be asked of a philosopher.”(when asked about completing his income tax form)”   Albert Einstein     Justice Oliver Wendell Holmes, Jr. once opined that taxes are the price we pay

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Schadenfreude

 (Hattip to Mary Katharine Ham at Hot Air.)   “I’m at the breaking point,” said Gretchen Gardner, an Austin artist who bought a 1930s bungalow in the Bouldin neighborhood just south of downtown in 1991 and has watched her property

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Happy Tax Day!

The late great Jeff MacNelly reminds us above of just how much joy it is making our way through a maze of arcane tax regulations to determine just how much of our money BigGov will generously allow us to retain.  We

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Tax Dishonesty

I’ve been listening to music via Pandora a lot recently (while writing) and the result is that although I’ve been hearing more than my usual share of political ads. (Since I don’t watch television or listen to commercial radio, I’m

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Why Doesn’t Warren Buffet Pay Extra Taxes?

This WSJ editorial caught my eye, because it makes a seemingly valid point about wealthy people who call for higher taxes on the rich. I wish I had a dollar for every time a wealthy liberal has declared he thinks

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Do The Wealthy Pay Their Share?

Having linked last week to some discussion on whether the US is really becoming “Of the 1%, by the 1%, for the 1%”, I was struck by this chart, which I saw a link to this morning, over at Carpe

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Tax and Spend Impasse

Reading a rather cursory opinion piece this morning (calling for federal spending to be decreased) it occurred to me that there’s an interesting symmetry to what the more aggressive advocates of tax increases and spending cuts suggest: The most passionate

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Rewinding Taxes to the Good Old Days

For decades, progressives tended to accuse conservatives of wanting to bring back the ’50s, but in recent years the shoe is on the other foot, with some prominent progressives saying they yearn for the good old days when unions were

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Divided Thoughts over the Tax Deal

I find myself with oddly divided feelings about this whole tax deal making its way through congress. On the one hand, while extending the tax cuts which we’re already experiencing seems prudent, especially in a recession, piling additional tax cuts

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Elections Have Consequences – Tax Cut Edition

I’ll leave it up to others on the blog to discuss the merits of the compromise on taxes and unemployment benefits recently reached between President Obama and Congressional Republicans.  For what it’s worth, I’d probably vote for it were I

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Abolish The Corporate Income Tax and Tax The Rich

Atlantic columnist Megan McArdle makes the case for why abolishing the corporate income tax (and then taxing capital gains and dividends at the same rate as other income) is a proposal that both liberals and conservatives should be able to

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Obama To Announce New Business Tax Cuts

President Obama will propose several new tax cuts and incentives for businesses on Wednesday, September 8th, including one which is billed as having a decidedly right-leaning flavor: President Barack Obama, in one of his most dramatic gestures to business, will

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Planned Parenthood, What Happened to the Money?

A US Government Accountability Office (GAO) report has brought out an interesting mystery in regard to the federal funds given to Worse Than Murder, Inc, aka Planned Parenthood: A new report from the U.S. Government Accountability Office (GAO) on federal tax

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When You Vote Democrat, Your Taxes Get Raised

The Governors office and both chambers of the Washington State legislature are currently under Democratic control. Years of spending on European style socialist programs have created a budget deficit. The Democrats have decided instead of cutting or trimming their state

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Value Added Tax Will Not Solve Budgetary Woes

There has been a fair amount of useless discussion among pundits and Obama administration officials about a Value Added Tax, a National Sales Tax, the mainstay of the crumbling welfare states in Europe.  I say this discussion is useless, because Congress

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Happy Tax Day!

It takes me approximately eight hours each year to prepare my federal and state income tax returns.  This does not take into consideration the quarterly estimated payments I make which probably take 20 minutes each.  After a long and frustrating day preparing

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Tax Man Max

From School House Rock.  A celebration of taxes on Tax Day!  Don’t you feel better?  Actually, neither do I.

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Taxes, Treasury Secretary Geithner and Joe Friday

Being self-employed I always have the great joy of paying my taxes four times a year in estimated payments.  I just did the one due on January 15, and in the fine mood that always puts me in, I thought it

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How to Get There from Here

There’s been much discussion of late about what other country’s health care apparatus the US should consider emulating, and in such discussions France is often mentioned. Now, all cheerful ribbing against the French aside, their health care system is not

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Basing Victory on Failure

It is one of the interesting contradictions of politics that political factions sometimes rely on the problems they seek to eliminate for their existence. For instance, it has been widely noted that while it is generally part of the Democratic

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Happy Tax Freedom Day Illinois!

I wish a Happy Tax Freedom Day to my fellow residents of the Land of Lincoln.   Here is a list of Tax Freedom Days by state. I enjoyed working for Uncle Sam and the State of Illinois up to this date, didn’t

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Of Tea and Taxes

In politics, as in physics, an action causes a reaction.  With the election of President Obama and strong Democrat majorities in both houses of Congress, the stage is set for a radical increase in the size, power and scope of government

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Don't Make It Hurt

So here’s an argument against irreducible complexity.  Take a family that works hard for a living, saves a large chunk of its earnings for old age, emergencies, sending kids through college, and so on.  Then create (through some combination of

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Both Candidates Are Wrong on Taxes

With each presidential debate it struck me more that both presidential candidates are wrong about taxes: wrong both in that neither man’s proposals are realistically enactable, in that they are not the correct responses to our current circumstances, and that

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