A special “Em ran out of time” edition of the Wednesday Writs with some great moments in SCOTUS sarcasm, Trump’s new immigration rule, health insurance vs. drug manufacturer, reality TV tax evasion scandal, the crap show that is Barstool Sports, and more.
Your Ordinary World ft. links to stories on San Diego Synagogue shooting, Joe Biden, America’s narrative, taxing the rich, Trump 2020 and more.
Targeted tax breaks have a poor track record, providing only 16 cents of economic growth for every dollar awarded.
People want a simpler tax code … except for the mortgage interest deduction. And the charity deduction. And state local taxes, definitely. And daycare, obviously. And …
“I could never lend myself to any transaction, however respectable, that would commercialize on the prestige and dignity of the office of the presidency,” – Former President Harry Truman
Wait, he paid how much in taxes?
Everyone pays taxes, even if their 1040 doesn’t result in any more tax payment.
Instead of raising tax rates on high-income earners, a smarter way for progressives to raise taxes on higher-income earners would be to eliminate itemized deductions: tax breaks that allow primarily upper-middle and upper-income earners to write off various expenses.
Let’s tax the rich and their million-dollar mansions.
Tax Day 2018 always brings out the cries of “Taxation is Theft!” from many, especially our friends in the libertarian contingent. But is it, and where are the lines between taxation is theft, taxation with representation, and oppressive forced funding of tyrannical government?
… and what do you get?
Not paying taxes for 18 years is not necessarily tax evasion
Why on Earth might someone actually support Donald Trump? Derek Stanley offers up his reasons.
It’s been well documented that Trump refuses to release his tax information in the run up to the election. But does it really matter?