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Grover Norquist Has a Solution to Warren Buffett’s Problem

Posted on January 27, 2012 by Caleb Newquist

RELATED: I'm starting to think that ol' Grover is purposely spelling the Oracle's surname incorrectly. 

[@GroverNorquist, Earlier, Earlier]

Posted in TaxTagged Barack Obama, Grover Norquist, secretaries, Tax cuts, tax rates, Taxes, Warren Buffett, Warren Buffett's secretary

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Previous: Now That They’ve Put the Biggest Fraud in India’s History Behind Them, PwC Thinks an Independent Audit Regulator Might Be a Good Idea
Next: Accounting News Roundup: MF Global Money “Vaporized”; Record Fraud in UK; Impeach Obama If Bush Tax Cuts Expire? | 01.30.12

Related Posts

  • Tax

The AICPA Is Pretty Sure the April 15 Filing Deadline Is Gonna Be Extended, You Guys

  • Jason Bramwell
  • March 16, 2020

Several CPAs have posted on Twitter, Fishbowl, and Reddit the following communiqué they received Sunday […]

  • Tax

Poll: This Balanced Budget Idea Starts with Higher Taxes for the Wealthy

  • Caleb Newquist
  • January 4, 2011

Republicans take control in the House of Representatives this week and boy, are they ever ready. With the ink safely dry on the extension of the Bush tax cuts, the GOP is moving on to spending cuts, supporting the troops, restoring honor, launching investigations and whatever hell else was in that pledge. Wait, that last one wasn’t in there?


Anyhoo, the idea of lower taxes and spending cuts to get the federal budget in ship shape has been the GOP song and dance long before Ronnie had his own float at the Tournament of Roses Parade but a recent poll has discovered that lots of people don’t agree with that sentiment:

Raising taxes on the rich beats out cuts to defense spending, Medicare and Social Security as U.S. adults’ top preference on how to close the deficit, according to a 60 Minutes/Vanity Fair poll.

Sixty-one percent of Americans said that increasing taxes to the wealthy should be the first step toward balancing the budget.

By contrast, 20 percent of respondents preferred cuts to defense spending as the first option, while 4 percent said that cutting Medicare would be the best way to start cutting the deficit. Three percent said they preferred cutting Social Security.

Now you might expect a major backlash from the more affluent citizens, you know, grumbling at polo matches, yacht races and beside the swimming pools filled with gold doubloons but surprisingly, quite a few of them are okay with it:

Increased taxes on the wealthy tops those four options even among higher earners who might be most affected by a tax hike, the poll suggested. Fifty-eight percent of respondents making between $50,000 and $100,000 per year rated tax hikes as the best first step to balancing the budget, while 46 percent of those making more than $100,000 said it was their top choice, as well.

But as we have learned, the GOP isn’t really down with this. Besides, tax rates won’t be an issue again the until the second and third weeks of December 2012, so they’d prefer we concentrate on things that aren’t already safely chiseled into the political dogma.

  • Tax

The IRS is on YouTube and iTunes But Still Needs Our Help

  • Caleb Newquist
  • August 25, 2009

We’re guessing that the IRS has been struggling for years to figure out how to relate better to the general public. They finally came to the conclusion that people like videos and audio as opposed to instruction booklets that make the New York Times look like a kaleidoscope. Clearly progress has been made, however, we still foresee challenges.
The biggest problem we have is that the videos are pretty much the live-action equivalent to the instruction booklets.
More, after the jump


Example:

Sorry we had to put you through that. Now our suggestions:
• Hugh Jackman or Megan Fox-types cast in the videos.
• A little song and dance, possibly performed by NPH.
• If a song and dance isn’t feasible, inject a little comedic relief. We’re thinking strategically inserted movie clips.
• Did we mention Hugh Jackman and Megan Fox?
As with anything in our society, celebrities (especially attractive ones) make everything better. Remember the Hollywood Vote Campaign videos? This is the model we would suggest the IRS strongly consider.
We’re fairly certain that Leonardo DiCaprio explaining how to avoid tax scams using his steely gaze will have a much greater affect on taxpayers than our friend here in the yellow blazer. Just a thought. If you’ve got other suggestions for the service on how to make their videos more watchable, discuss in the comments.
IRS Spotlights Recovery Credits on YouTube and iTunes [Web CPA]

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