Today in let's-make-asinine-statements-in-regards-to-tax-policy-news, Arkansas Governor Mike Beebe recently told a large crowd that, “[a]nyone standing in the way of [the wind] industry, frankly, they’re unAmerican.” Right. Because anyone that opposes federal tax dollars being redistributed into the hands of specific corporations and industries are clearly communists. [The Cabin via David Brunori]
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Here Are the Tax Breaks That Obama Wants Cut to Pay for the Jobs Bill
- Caleb Newquist
- September 12, 2011
If you’re in the $200k+ club, a hedge fund manager or corporate jet owner, you won’t be pleased. From Reuters:
— A limit on itemized deductions and certain exemptions on individuals who earn over $200,000 and families who earn over $250,000, which would raise roughly $400 billion over 10 years.
— A proposal to treat carried interest earned by investment fund managers as ordinary income rather than taxing it at capital gains rates, which would raise $18 billion.
— Eliminating certain oil and gas industry tax breaks that would raise $40 billion.
— A change in corporate jet depreciation rules that would raise $3 billion.
Right. Can’t forget the oil companies.
Obama seeks $467 billion in tax changes to fund jobs plan [Reuters]
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Tax Nerds Set Record Straight on Tax Code vs. NFL Rulebook Complexity
- Caleb Newquist
- December 1, 2015
If there's one thing tax people can't stand, it's other people saying incorrect things about […]
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Who Wants to Hear Joe Biden’s Tax Advice?
- Caleb Newquist
- March 22, 2010
You’re welcome!
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Everybody got it?
“It’s not hard. Not even hard for me.”
“I used to do my own taxes but now everybody thinks it’s too dangerous.”
“The American People pay me a really good salary. I don’t deserve a tax break.”
Then there’s the Joseph Robinette Biden, Jr. kitchen table talk; you know the drill.
[via TaxProf]