Category Archives: income tax
Rangel Rant
Nancy Pelosi called Congress back from vacation to vote for the teacher bail-out bill. Famed vacationer, Charlie Rangel, took the opportunity to dare his colleagues to throw him out. Jon Stewart wonders how he morphed into an old Jewish guy.
Death and Taxes
Some guys have all the luck. Last year the estate tax was 45%. Next year it will be 55%. This year? Nil. Zero. The empty set. Businesses say this sort of thing makes it tough to plan for the future. One business isn’t complaining. Since he died in 2010, George Steinbrenner’s heirs won’t have to sell the Yankees to pay the taxes.
Taxpayers
47% of Americans will pay no federal income tax this year. Not sure if that figure includes the Treasury Secretary. According to Heritage Foundation the richest 10% pay 71% of all federal income tax. Mark Steyn has some thoughts on voting your neighbor’s pocketbook.
Taxes Two Step
A Washington Post editorial calls for tax deadbeat Charlie Rangel to step down as Chairman of the House Ways and Means Committee. Or he could just step out with Tom Delay. The ethically challenged former House Majority Leader has landed a gig with Dancing with the Stars.
