Category Archives: Treasury
Bite of the Apple
Apple CEO Tim Cook was dragged to the U.S. Senate to apologize for his success. While his company paid $6 billion in U.S. taxes last year it paid little if anything on it’s overseas stash. All perfectly legal. Even the president doesn’t pay more than he owes.
Rand Paul said the Senate ought to apologize for the dog and pony show, but Carl Levin was having none of that as he took a crack at American pensions and 401ks by insisting that Apple send more money to foreign countries.
IRS Care
The Supreme Court ruled that the individual mandate is a tax and therefore Obamacare is constitutional under Congress’s power to tax. That means lots more work for the IRS. They’re building the largest government data base ever to combine personal information from agencies around the country.
Just Around the Corner
John Dickerson at Slate says Obama is making the case for conservatism better than Republicans do.
First Taxpayer
The Obamas paid an effective tax rate of 18%. Nolan Finley says Obama “is not about setting examples”. He goes on to discuss extravagant vacations and the recent live soul concert at the White House:
Which raises the question: How can a president so tone deaf appreciate a live concert?
It’s Complicated
HHS Secretary Sebelius admitted that ObamaCare is complicated. Senator Jay Rockefeller calls it “the most complex piece of legislation ever passed by the United States Congress”. And he helped design it.
Meanwhile the ACLU says IRS is reading your email.
