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Keyshawn Johnson Successfully Withstands the Fox Business Tax Policy Rhetoric

Dare we say, Keyshawn is being pragmatic here?


A few favorite moments:

Keyshawn: That’s what I’m being told. I don’t know any better. [Every Fox employee is laughing hysterically]

Charles Payne: If there was only 30% of what you made there. When do you say, “You know what? Who’s the Republican running for office?”

Keyshawn: Let’s not always make it about money. [If you listen carefully you can hear Charles Payne soiling himself.]

Payne: Even the guy that is 3rd string?

Keyshawn: Some of those New York Jets guys, as we know, are that responsible when they drink? [Sanchez?]

Any other takeaways? Discuss.

[via TaxProf]

Form Letters Generated by Pesky Technology Spurred by BS Deadlines Are to Blame for Herman Cain’s Late Taxes: Spokesman

Godfather of tax gimmicks Herman Cain has a bit of tax trouble in his past, reports the Daily Beast. In 2006, while Herm was undergoing treatment for cancer, taxes due to the state of Georgia were not paid in a timely fashion and this resulted in the GOP hopeful being served with a tax lien. It took a couple of years to sort everything which was probably longer than necessary since it sounds like extensions were filed on time but the campaign is using this non-issue to remind everyone that we need to fix this mess that is controlled by computers and deadlines and things that drive the system:

The Republican’s campaign late Tuesday confirmed the lien, portraying the unpaid taxes as an oversight while Cain was undergoing cancer treatment and the state’s lien as an excessive response that shows the need for tax reform.

“The experience serves as an example of how broken our federal and state bureaucracies are with respect to the collection of revenue,” Cain campaign spokesman J.D. Gordon told The Beast. “The entire process is driven by automated letters generated in response to deadlines.”

Right. Because allowing citizens to file taxes whenever it’s convenient, using hand-written letters delivered by carrier pigeon would be a much better way to administer our tax system.

Cain’s Tax Delinquency [TDB]

Senator Tom Coburn Would Like ATR to Back Off a Bit

“Rather than demanding that Senate conservatives violate their consciences and support distortions in the tax code that increase spending and maintain Washington’s power over taxpayer’s lives, your organization should assist our efforts. Calling for the elimination of tax earmarks without qualifications would be a good start,” Coburn wrote. “Continuing to issue blanket defenses of all tax expenditures is a profoundly misguided embrace of progressive, activist government and a strategy for tax complexity, tax deferment, excessive spending and unsustainable deficits.” [The Hill]