by Henry Oliner | Nov 30, 2012 | Taxes
There are a lot of sound bites and meaningless phrases used to cover the debate on fiscal reform. “Fiscal Reform” means cutting expenses for some, increasing taxes for other. I think I will scream if I hear the phrase ‘fiscal cliff ‘ one more...
by Henry Oliner | Nov 29, 2012 | Politics
Erick Erickson writes in Red State The Incestuous Bleeding of the Republican Party, 11/28/12. It is a thoroughly researched piece on how the GOP is run by consultants who get paid a fortune and perform very poorly. This point is also made by Pat Caddell in...
by Henry Oliner | Nov 29, 2012 | Uncategorized
In The Telegraph, Two-thirds of millionaires left Britain to avoid 50p tax rate by Robert Winnett, 11/27/12 Excerpt: 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...
by Henry Oliner | Nov 29, 2012 | Business
“Suppose I hire you to repair my computer. The job is worth $200 to me and doing the job is worth $200 to you. The transaction will occur because we have a meeting of the mind. Now suppose there’s the imposition of a 30 percent income tax on you. That means you...
by Henry Oliner | Nov 28, 2012 | Uncategorized
From The Great 2012 Cashout in the Wall Street Journal, 11/28/12 Excerpts: It’s also a good bet that some of the recent stock market volatility is due to investors seeking to realize capital gains at today’s 15% tax rate, before that rate rises to 23.8%...
