The truth slips out: Hillary Clinton admits she will raise taxes on middle class.

This is probable the only time recently Hillary has said anything that is true.

When #Clintoning goes wrong and you accidentally let slip the truth. 😂😂😂 pic.twitter.com/fnIOMw5iud

— Sean Davis (@SeanKD) August 2, 2016

Louisiana Demo Gov. threatens GOP: Raise taxes or LSU football may get cancelled...

I am guessing the football program makes money...

Via Fox News:

Louisiana Democratic Gov. John Bel Edwards is suggesting the legendary Louisiana State University football team’s 2016 season might be canceled — and other doomsday consequences — unless the GOP-led legislature swiftly passes a package of tax increases to help close a looming $940 million budget shortfall.
Edwards, who took office just last month, made the suggestions Thursday night in a rare, state-wide TV address.
Among the worst-case scenarios, he said, is that college campuses would be forced to close in April, resulting in student-athletes receiving grades of “incomplete” on their report cards, making them ineligible for the fall 2016 season.
“That means you can say farewell to college football next fall,” Edwards said in the address.
The warning about the LSU Tigers football program, which has won three national championships, captured most of the headlines.

Democrats run away fro Bernie Sanders tax proposals...

Will Democrats support Bernie when Hillary is indicted?

Via The Hill:

Democrats are not on board with the tax hikes Democratic presidential candidate Bernie Sanders has proposed to pay for his single-payer healthcare proposal, House Minority Leader Nancy Pelosi (D-Calif.) said Wednesday.
“We’re not running on any platform of raising taxes,” Pelosi said during a press briefing to launch the Democrats’ yearly issues conference in Baltimore, Md. “We do want to have a fairer tax system, and … we hope that we can do that this year.”
Sanders on Monday acknowledged that his “Medicare-for-all” healthcare plan would require tax hikes on the middle class.
“We will raise taxes, yes we will,” Sanders said during a Democratic town hall in Des Moines, Iowa.
The Vermont senator, who’s running neck and neck with front-runner Hillary Clinton in Iowa just days ahead of the state’s caucuses, emphasized that the individual savings achieved under his healthcare plan would offset the costs of the tax increase. He called critics of the strategy “disingenuous.”
Keep on reading…

NYC raises cigarette taxes and loses $400 million in 5 years...

I still can't believe anyone still lives in NYC.

Via Daily Caller:

New York is reaping the whirlwind of sky-high cigarette taxes with a wave of smuggling decimating the state’s revenue.
New York holds the dubious honor of having the highest cigarette taxes in country, with the average pack of smokes in New York City costing as much as $10.60.
New York raised taxes on cigarettes to $4.35 in 2010 from $2.75. In total, cigarette taxes have increased by 190 percent since 2006. The sharp rise has resulted in a raft of unintended consequences which are dealing a significant blow to the state’s finances.
New York State Comptroller Thomas DiNapoli reports New York’s revenue from cigarette taxes has plunged by $400 million over the past five years.
Keep on reading…

Bernie Sanders wants to raise the payroll tax on everyone to pay for his paid family and medical leave.

Democrats, please nominate this guy. 

Sunday on ABC’s “This Week,” Democratic presidential candidate Sen. Bernie Sanders (I-VT)said his tax increases would “hit everybody” because he would raise the payroll tax to pay for paid family and medical leave.
Sanders said, “I think if you are looking about guaranteeing paid family and medical leave, which every other major country has so that when a mom gives birth she doesn’t have to go back to work in two weeks. Dad or mom can stay home with the kids. That will require a small increase in the payroll tax.”

Donald Trump wants to cut your taxes and raise his!

Leadership...

Via The Hill:

GOP front-runner Donald Trump rolled out a plan Monday that would slash the top corporate tax rate by more than half while also dropping millions from the income tax rolls.
Trump has talked up his tax plan for weeks, noting over and over that he would raise taxes on Wall Street executives who he believes are paying entirely too little to the Treasury.
In his plan, the billionaire businessman does target the carried interest provision prized by investment fund managers, in one of several proposals that appear aimed at tapping into the populist anger of the moment.
But in other ways, Trump’s tax plan fits comfortably within decades of GOP orthodoxy, based on the idea that a tax plan that sparks economic growth will help struggling middle-income families, and overlaps with plans released by other candidates, like former Florida Gov. Jeb Bush.
Trump would cut the top individual tax rate from 39.6 percent to 25 percent, while totally scrapping the estate tax. All businesses would pay a maximum rate of 15 percent, a steep drop from the top corporate rate of 35 percent.
The seven income tax brackets would be collapsed into four brackets of 0 percent, 10 percent, 20 percent and 25 percent, while the tax rate on capital gains would see a slight dip, from 23.8 percent to 20 percent. Single filers earning up to $25,000 annually would face no income tax, as would married couples earning up to $50,000 a year.

Read more at The Hill...

Surprise: Hillary Clinton to propose tax hikes...

OK. it's not a surprise. 

Via Washington Examiner:

Hillary Clinton’s press secretary promises tax hikes will be in her presidential campaign’s policy proposals, to be released this summer and fall. Rather than use the toxic phrase “tax hikes,” press secretary Brian Fallon disguised the coming proposals as “revenue enhancements.”
The promise came in a tweet Monday evening, reading “.@BuzzFeedAndrew We are rolling out major policy proposals over the summer/fall. Among those proposals will be revenue enhancements.”
Fallon was tweeting in response to criticism that Clinton’s proposal for universal preschool did not describe how the expensive program would be paid for, as pointed out the by the Washington Examiner’s Philip Klein.
Keep reading…

Demo 2016 candidate Bernie Sanders: Let's hike taxes to 90% for wealthy...

Where is Hillary on this proposal?

Via Daily Caller:

Vermont Sen. Bernie Sanders wouldn’t mind hiking taxes to an eye-popping 90 percent for wealthy Americans.
The socialist lawmaker — running against Hillary Clinton in the 2016 Democratic primary — told CNBC that he could get behind exploding tax rates back to levels not seen since the 1950s.
“[When] radical socialist Dwight D. Eisenhower was president,” Sanders said in an interview with John Harwood, “I think the highest marginal tax rate was something like 90 percent.”
“It was 90,” agreed Harwood. “When you think about 90 percent, you don’t think that’s obviously too high?”
“No,” Sanders replied. “What I think is obscene, and what frightens me is, again, when you have the top one-tenth of one percent owning almost as much wealth as the bottom 90.”
“Does anybody think that is the kind of economy this country should have?”

Hank "Guam may tip over" Johnson thinks we don't have enough taxes...

Is this Hank's plan to stop Guam from tipping over? Pile our tax dollars on one side? 

Via CNS News:

Rep. Hank Johnson (D-Ga.) says when it comes to taxes, “we don’t have enough to do what the government – and do what the country needs the government to do and that’s the problem.”
The Georgia Democrat told WABE radio last week that, “If everyone is paying their fair share of taxes than we certainly should and can live within our means.”
“But our problem now is that taxes are being paid by the middle class. The rich, the wealthy and the corporations are not paying their fair share and so therefore we don’t have enough to do what the government and do what the country needs the government to do and that’s the problem.”
Keep on reading…

Jeb Bush refuses to sign no tax pledge...

In other words, he is planning on raising taxes if that is needed to get a deal from Democrats...

Via Real Clear Politics:

Jeb Bush wanted to talk about tax reform, which he hopes to make central to his presidential bid.
But, at a National Review summit in Washington on Thursday, the discussion pivoted to Bush’s refusal to sign Grover Norquist’s anti-tax pledge.
“Is there any circumstance in which you would take that pledge?” asked National Review Editor Rich Lowry.
“No,” Bush said firmly — and began, as he does when he is asked this question, to lay out his record: as Florida governor, he reminded Lowry, he cut taxes every year.
“My record is clear,” Bush concluded. “In fact, my record is as good or better than any.”
But Lowry pressed Bush on the pledge. “So, it’s a principled opposition to pledges of that sort?”
“Yeah,” Bush said.
“So, will you promise not to raise taxes?” Lowry tried, to laughter from the crowd.
This week, Sen. Marco Rubio signed the pledge as a presidential candidate, as he has during previous campaigns. Sens. Ted Cruz and Rand Paul, too, have signed on the dotted line.

I don't know who the GOP nominee will be in 2016, but their name won't be Bush. 

Interesting: George Soros may owe a tax bill of $6.7 billion after gaming the system for years

I would be surprised if he ever pays up. Liberals are above the rules. Soros will likely find another loophole. 

Via Bloomberg:

George Soros likes to say the rich should pay more taxes. A substantial part of his wealth, though, comes from delaying them. While building a record as one of the world’s greatest investors, the 84-year-old billionaire used a loophole that allowed him to defer taxes on fees paid by clients and reinvest them in his fund, where they continued to grow tax-free. At the end of 2013, Soros—through Soros Fund Management—had amassed $13.3 billion through the use of deferrals, according to Irish regulatory filings by Soros.
Congress closed the loophole in 2008 and ordered hedge fund managers who used it to pay the accumulated taxes by 2017. A New York-based money manager such as Soros would be subject to a federal rate of 39.6 percent, combined state and city levies totaling 12 percent, and an additional 3.8 percent tax on investment income to pay for Obamacare, according to Andrew Needham, a tax partner at Cravath, Swaine & Moore. Applying those rates to Soros’s deferred income would create a tax bill of $6.7 billion. That calculation is based on publicly available information such as the Irish regulatory filings, which provide only a partial glimpse into Soros’s finances. Read it all and see all the tax games Soros has played.

Most Americans paid their taxes, but Al Sharpton still owes as much as $4.5 million...

How can Rev. Al be allowed to live a life of luxury when he owes that much in taxes? 

Via NY Post:

Taxpayers across the country scrambled to file their returns this week, and many wrote checks to the government. Yet, when it comes to taxes, there’s one New York “celeb” who seems to be getting a pass from the state: the Rev. Al Sharpton.
From first-class plane tickets to a swanky apartment at the Helmsley Carlton House, it’s clear Al Sharpton has been living a life of luxury — especially for a man who’s built his career on advocacy for the underprivileged.
Yet Sharpton owes as much as $4.5 million in back taxes and penalties.
Dozens of pages of tax warrants and liens show that, at best, Sharpton has been deeply negligent, and at worst, he’s gaming the system. Which raises the question: Why does New York keep letting him get away with it?

Outrage: Illegal aliens who didn't file taxes can get refunds when they get Social Security numbers

If only Republicans had the balls to stop this...

Via Washington Times:

IRS Commissioner John Koskinen told Congress on Wednesday that even illegal immigrants who didn’t pay taxes will be able to claim back-refunds once they get Social Security numbers under President Obama’s temporary deportation amnesty.
The revelation — which contradicts what he told Congress last week — comes as lawmakers also raised concerns Mr. Obama’s amnesty could open a window to illegal immigrants finding ways to vote, despite it being against the law.
“While we may disagree about whether your deferred action programs were lawfully created and implemented, we are confident that we can all agree that these programs cannot be permitted to impair the integrity of our elections,” Republican members of Congress from Ohio wrote in a letter to Mr. Obama Wednesday, ahead of a hearing on the issue in the House on Thursday.
Mr. Obama’s new deportation policies, which carve most illegal immigrants out of danger of being removed, and could proactively grant as many as 4 million illegal immigrants work permits and Social Security numbers, are increasingly under fire for ancillary consequences such as tax credits and competition for jobs.
Keep on reading…

Hundreds of thousands of prisoners are getting phony tax returns...

Flat tax anyone?

Via Fox News:

Hundreds of thousands of prisoners are filing phony tax refund claims and the IRS is not doing enough to quash the problem, according to a watchdog report.
The Treasury Inspector General for Tax Administration (TIGTA) said in its report Tuesday that refund fraud associated with prisoner Social Security numbers is a “significant problem” for the tax agency that is only getting worse over time.
According to the report, more than 137,000 phony tax returns were filed in 2012 using a prisoner’s Social Security number to the tune of $1 billion. While many of the fake refunds were flagged and prevented by the agency, the IRS issued $70 million in bogus refunds.
This was a significant increase from 2007, when more than 37,000 fake tax returns were filed for amounts equaling $166 million.
“Tax refund fraud associated with prisoners remains a significant problem for tax administration,” the report said.
Keep on reading…

Shameful: 263 government employees stayed home for three years and you paid their check...

#Taxes #TheSimpsons hahaha pic.twitter.com/H10z6GH7uT
— Daniela Vargas (@danivg2188) August 17, 2014

I am wondering why half of Americans even bother to go to work and pay taxes. The other half has already given up. 

Via Washington Examiner:

The federal government has shelled out more than $700 million in paid leave to more than 57,000 employees who were home from work for time periods stretching from one month to three years, a Government Accountability Office report has found.
In a 62-page report published Monday, the GAO analyzed why so many federal employees were home and getting paid for such long periods of time and they discovered a variety of reasons.
In many cases, employees were home awaiting the outcome of investigations into alleged misconduct and criminal actions. Some racked up paid leave for “physical fitness activities,” and others were away from work seeking professional development. Employees also took paid leave for “recuperation” from overseas work.
Hundreds of federal employees remained at home, collecting a paycheck, for years.
The report found that during a three-year period beginning in 2011, 263 employees remained on paid leave for one to three years at a cost of $31 million.
Keep on reading…

Nancy Pelosi Tweets Her Ignorance...

An American family can't just change their address to avoid paying taxes. @HouseGOP, why can corporations? Let's put the #MiddleClassFirst!
— Nancy Pelosi  (@NancyPelosi) September 12, 2014

Tax dollars at work: $3.2 million to get monkeys to drink alcohol excessively

Plenty of humans would have volunteered for this study for the free booze. 

Via Washington Times:

There’s a whole lot of drinking going on in the name of government science, and some watchdogs think it’s the American taxpayer who is getting hammered.
Right now the National Institutes of Health is spending $3.2 million to get monkeys to drink alcohol excessively to determine what effect it has long term on their body tissue.
NIH also has handed out $69,459 to the University of Missouri to study whether text messaging college students before they attend pre-football game tailgates will encourage them to drink less and “reduce harmful effects related to alcohol consumption.”
And the government’s premier research arm has doled out money in recent years for research on binge-drinking mice, inebriated gamblers and pilots seeking the sensation of flying drunk — on a simulator of course.
NIH defends such expenditures on the grounds that these research projects help those they fund improve their “potential to develop into a productive, independent research scientist.”
Keep on reading…

Be careful what you vote for, you may actually have to pay for it...

Of course this doesn't apply to many democratic voters. They are leeches...

Via Hot Air

I’m at the breaking point,” said Gretchen Gardner, an Austin artist who bought a 1930s bungalow in the Bouldin neighborhood just south of downtown in 1991 and has watched her property tax bill soar to $8,500 this year.

“It’s not because I don’t like paying taxes,” said Gardner, who attended both meetings. “I have voted for every park, every library, all the school improvements, for light rail, for anything that will make this city better. But now I can’t afford to live here anymore. I’ll protest my appraisal notice, but that’s not enough. Someone needs to step in and address the big picture.”

In Texas, there are more than 3,900 localities that impose property taxes, including school districts, counties, and special districts. Texas’ property tax burden has grown from approximately 1 percent of value in the early 1980s to nearly 3 percent today.

The rising burden from property tax is worse for the housing-rich but income-poor elderly homeowners. For example, elderly homeowners tend to move more often to reduce their property tax burden, which is an additional cost of owning a home for those who can least afford to move.

Keep on reading

NYC Mayor Bill de Blasio only paid an effective tax rate of 8.3% on $217k in income...

Shouldn't a tax-loving socialist be willing to pay his fair share? 

Via Zero Hedge:

Mayor Bill de Blasio is the first New York City mayor to release his tax returns in 12 years, according to the WSJ. de Blasio earned $165,000 as public advocate last year and brought in an additional $52,000 in rent on a second home he owns in Park Slope, according to his 2013 tax returns. Mr. de Blasio’s effective tax rate was 8.3%.

As WSJ reports, Mr. de Blasio’s predecessor, Michael Bloomberg, a billionaire who served as mayor from 2002 through 2013, released highly redacted copies of his return that gave scant information about his net worth.

Keep reading…

Tweet of the day: Mitt Romney's son mocks Harry Reid...

Hey @SenatorReid here's a shot of @MittRomney paying taxes. Does it every year. It's how you get your paycheck. pic.twitter.com/DwSMXzYhuR
— Josh Romney (@joshromney) April 15, 2014