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Tag Archives: taxes

The ACA and filing season. Be afraid

The Obamacare open enrollment period is upon us again. But as the author of the attached article says, enrollment isn’t the biggest challenge for the program over the next 6 months. When April 15th comes a LOT of individuals are going to be paying penalties they don’t realize they are going to have to pay.

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Californians just keep voting to raise taxes

I like California. It’s a wonderful place to visit. But at this point I wonder how any business gets done in the state at all. Strike that – I don’t know how any non-crony business gets done in the state.

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Senator Mike Lee lays out an agenda for the Senate (And it’s pretty good)

At the top of the list is building trust with the American people. OK, that is key.

Just below building trust with the citizenry? Fighting crony capitalism. No joke. Lee sees it (rightly) as perhaps the issue which will define the success of this Congress and the GOP going forward. If the GOP actually works to reduce crony capitalism, to free up the economy, to reduce the special deals for big business and other large interests, the party  will be rewarded. If however the Republicans lapse back into favor pedaling voters will punish the party.

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Taxi companies want you to pay more and to have lower quality service – simple as that

I think at this point I may just have to avoid taxis all together. It’s probably worth it to go out of my way to use services like Uber and Lyft. Thing is, even with all the crony capitalism, with all the inside dealing, the licensing, etc., I probably still won’t have to go out of my way to get a ride from Uber or Lyft. You know why? Because the ridesharing companies want my business and respect me as a customer.

The taxi companies clearly do not.

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10 Giant Corporations Which Don’t Pay (Federal) Taxes

As anyone who reads us regularly knows we are fans of letting people and businesses keep as much of their own money as possible. At least tax breaks don’t cost the taxpayer anything and if the (tax break) money is kept in the private sector that money is much more likely to be used efficiently. (Of course the Fed has deeply undermined this mechanism with QE and near 0% rates.) However, as we also say, tax breaks can still be a form of crony capitalism. If company X gets a break and company Y does not because company Y doesn’t have the right connections, this is still a politicized marketplace and distorts the economy.

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Hungary internet tax cancelled after mass protests

This was an idiotic move by Hungary in the first place. Good to see that people power set the government straight. It is always good to see a tax revolt. An anti-Internet tax revolt is even better. Hopefully this sends a message to other pols pining for an Internet tax. We know you’re out there.

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