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Tag Archives: taxes

So Biden wants to “emancipate” wealth? OK, let’s take a look at how he got his

Biden is the quintessential political Cheshire cat. (The Washington DC subspecies.)  The guy can smile through anything. Probably a good thing to be able to do if one is Vice President Biden.

“Just keep smiling.

Did I just cozy up to the nominee’s wife on stage? Why did I do that? Oh man. Damn, why can’t I remember to keep it back stage!

Just keep smiling.”

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How come Google got to see proposed “Net neutrality” rules (and get them changed) but the public cannot?

Putting aside the fact that Google may very well be right here this development just reflects whose interests are represented at the FCC. It’s not ours that’s for sure.

Why won’t Commissioner Wheeler testify before Congress before the vote? Why can’t the public see the now secret rules before they are adopted? Google apparently got to.

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Rand Paul: Scrap the tax code

This should be political priority number one for the middle class. Our tax code is insanely burdensome. We are taxed at rates which are far too high. The system discourages domestic investment by companies. It creates resentment in the general population. The cost in time to comply with our tax code across the economy is astronomical.

A simple flat income tax is probably the best bet at this point. 10% and then we can talk about cutting more from there.

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Congressman Elijah Cummings shills for entitled federal workforce. (They need a bigger raise he says.)

One of my personal pet peeves – as they say – is when the suburban DC congresspeople start telling the US taxpayers that the federal workers which populate their districts need more money. It irritates me even more when these same members talk about how federal workers make less than those in the private sector.

That is simply not true as the below graph exhibits.

Add a pension which is paid for by the taxpayers, which adjusts for inflation, for life. And that essentially as a federal employee one can never, and I mean never, be fired.

To a very large degree the federal employee system is, if not a scam (there are people who do real work), an area primed for significant layoffs. Every other city in America got hammered in the recession, maybe the Feds should share some of the pain. They certainly shouldn’t be asking for a raise. We need to be cutting government not expanding it, and the DC federal workers have been fat and happy for too long.

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The Party of Small Government: Republican governors across the country are trying to raise taxes

When push comes to shove, it’s easier for many supposedly “conservative” governors to propose a tax increase with supposed benefits for his or her state than it is to simply let people keep their own money. The money they earned.

Whenever we go through these revenue increase phases it is always remarked that it’s been such and such number of years since the last increase so “we’re about due.”

No we’re not. We are not “due.” Just because the state’s piece of the pie hasn’t enlarged in a while doesn’t mean that for some reason it should now.

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Bloomberg: Uncle Sam Is Coming After Your Savings

Make no mistake, the government wants your savings. They want as much as they can get politically. The president recently floated the idea of taxing 529 plans, used to save for college, to pay for community college for people other than your kids. Why should the money you earned, and saved, go to your family? Better for the government to take your money from you so that it can give a gift to political allies.

Some people might call this theft. But not us. Oh, not us.

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Money for Nothing – Public Administrators Have Minimal Authority or Accountability

By Ed Ring, executive director, California Policy Center

 

On October 14th the Orange County Board of Education will meet to consider, among other things, approving a 2% increase for the Orange County superintendent’s salary. Using data provided by the Orange County Dept. of Education to Transparent California, it can be seen that in 2013 the superintendent, Al Mijares, earned a base salary of $293,500, along with additional employer paid “benefits” of $50,482, for a total of $338,482.

To evaluate whether or not this level of compensation is appropriate, the first step is to evaluate how much superintendents make in other California school districts. Using data provided by the National Center for Education Statistics, U.S. Dept of Education, and California Department of Education, and compiled by SchoolDigger.com, we downloaded enrollment and academic performance information for 786 California school districts. We then eliminated from consideration all school districts with less than 10,000 students enrolled, and sorted the remaining 164 school districts by their academic performance, based on test scores for Math and English (download spreadsheet). How much did the superintendents make in these districts?

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