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Nicolas Cage Must Not Have Heard About the Fiscal Crisis in California

We really thought we had heard the last of Nicolas Cage and his tax problems. The man has eight films at various points in production including the next editions of both the National Treasure and Ghost Rider franchises.

With that kind of cinematic lineup, you’d think the State of California would give him the thumbs up and say, “Oh, it’s cool Nic. Just cut us a check as soon as you have the cash. NO worries.”


Then we remembered that this is California, home to the budget projection experts that misfired on their tax revenues by $3 billion, so you bet your repossessed-mansion ass they’ll take that $3.8 mil.

National Treasure’ actor Nicolas Cage owes another $3.8 million [Tax Watchdog]

Don’t Try Using Your Fancy Tax Code Words on Orrin Hatch

President Obama and his liberal allies are calling for a ‘balanced approach’ and a revenue piece to deficit reduction. We hear this from the press all the time: ‘New revenues need to be a part of any deal to reduce the deficit.’ These are simply code words for a tax hike.

It is clear that the professional left is insisting that President Obama include tax increases in any negotiated agreement to raise the debt ceiling. [ATR]

H&R Block Founder Reminds Reporter That’s He’s Poor, Not Sure Why He and the Rest of Middle Class Aren’t Foaming at the Mouth

Earlier this week we were reminded that Warren Buffett is tired of being coddled and paying a lower tax rate (as a percentage of his total income) than his secretary. President Obama, not one to ignore an opportunity, called attention to WB’s comments that rich people should be paying more taxes while he was on the stump in Minnesota.

On the other side, Grover Norquist, who has never met a tax he didn’t hate, offered up a Twitter rebuttal suggesting that the Oracle shut his Blizzardhole and cut the check to Tim Geithner.

Now another fairly well off dude, H&R Block co-founder Henry Bloch has come out in agreement with Buffett, telling the Kansas City Fox affiliate that “[the] current tax code gives too many breaks to the rich.” Bloch, a registered Republican also takes issue with the notion that rich people create jobs, saying that’s “baloney” and that “Rich people don’t create jobs. Companies create jobs.”

Bloch continued on his rant, wondering why the peasants are taking this so well and then reminded the reporter interviewing him that he was one of those people.

Bloch says the middle class should be furious that the rich pay so little in taxes, hiding money in trusts and with their kids. “You probably pay a higher rate than I do… and yet my income is probably many times what yours is.” Bloch said to FOX 4 Reporter Rob Low.

Unconfirmed reports have indicated Mr. Low then hung his head in shame while Bloch’s stepped away to maintain the space between them.

The Middle Class Should Be Furious, Another Millionaire Says [Fox4KC]