Posts tagged taxes

Budget Hole, Don't Raise Taxes-And a Wine Correlation

Meredith Whitney thinks we will have at least 50 defaults on the state and local levels.  In her estimation, we should have a lot more.  It’s possible, and even probable that once the first domino falls, there is a cascading …






Budget Hole, Don’t Raise Taxes-And a Wine Correlation

Meredith Whitney thinks we will have at least 50 defaults on the state and local levels.  In her estimation, we should have a lot more.  It’s possible, and even probable that once the first domino falls, there is a cascading …






Tax Cut Semantics

In all the hoopla over trying to figure out what the politics and strategy behind the tax deal, America has lost its way. Obama hinted at it yesterday when he said there was a divide between the parties. There is. …






Tax Deal

Obama was a contestant on Let’s Make a Deal and John Boehner was Monty Hall. Here are the particulars of the deal. The existing tax policy (also called the Bush tax cuts) are extended for 2 years. -if you smell …






Senator Earmark

If you are a regular reader of this blog, you know that I roast the Obama administration and the Democratic socialists regularly.  The reason that I do is that they never met a government dollar that they didn’t want to …






Hauser’s Law

When I was growing up, our middle school had a dean named Henry Hauser.  He was a tough, but extremely humorous guy.  When you needed a punch in the shoulder, you got it-when you needed a pat on the back …






Hauser's Law

When I was growing up, our middle school had a dean named Henry Hauser.  He was a tough, but extremely humorous guy.  When you needed a punch in the shoulder, you got it-when you needed a pat on the back …






More Taxes Will Not Help

Stephen Moore and Richard Vedder penned a column for the Wall Street Journal today.  For all the economists and people out there that are “data dogs”, they have some data. We’ve updated the research. Using standard statistical analyses that introduce …






Potentially Screwing Up a One Car Funeral

Republicans haven’t even taken office yet, but there are some controversies.  For example, Senator Jim DeMint of South Carolina said you cannot be a fiscal conservative without being a social conservative.  Hmm.  I understand his sentiment, but think it is …






Hey, This QE2 Thingy Could Work from Northern Trust

In the interest of being devil’s advocate, I will elucidate a nice argument in favor of QE2. It’s not mine, but courtesy of the Northern Trust Bank. The theory is this. The Fed can create money out of thin air, …






Tax Cuts That Are Paid For

Get ready to hear this statement a lot.  Democrats will be using it and let’s hope Republicans don’t take the bait. This is faulty logic. First, tax cuts are not done in a vacuum.  If one simply looks at the …






Transaction Tax Again

The transaction tax is an idea that politicos and bureaucrats float all the time. It’s one of the dumbest ideas I have ever seen as far as economic incentives are concerned. It’s also one of the dumbest tax ideas floated …






Inflation is Baked In The Cake

One domino down, one more to go this week. The Bank of Japan as expected set their interest rate to almost zero and paved the way for more quantitative easing. The Bank of England meets late this week, and it …






Why Taxes and Tax Rates Matter

Big tax fight going on right now. There are several lenses to view the fight through. One is simply the cash accounting method.  Ignoring all economic incentives just simply look at the gross revenue and the percentage tax rate, add …






Class Warfare, Tax Cuts For the Rich

In the constant debate about the economy, there are two camps. One are the tax cutters. I am in this camp. Tax cutters say slash government spending and cut taxes for everyone across the board. The incentive to create profits …






Taxes on Carried Interest

The relentless attack on capitalism continues.  The government isn’t happy with the way it has increased costs for business in the US over the last couple of years.  Sander Levin, a Democrat from Michigan, introduced the bill in the House. …






Fannie and Freddie

Fannie Mae and Freddie Mac, gave America a heart attack…. The root cause of the financial melt down of 2008 was not Wall Street. Wall Street was a big branch on a tree. The real cause was in Washington DC. …






Uhg!employment

The headline numbers on today’s unemployment were dismal. But, they probably were not as dismal as they first looked.  The market currently is lower on the open.  There was a bit of bullish sentiment going into the number that is …