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Goodbye Gordo

The Honourable Gordon Campbell has resigned as Premier of British Columbia. Citing his spectacular unpopularity, his resignation comes after almost a decade in power. His tenure has been dogged by scandal, and most recently, a barrage of protest over the newly implemented HST. His most lasting legacy may prove to be the implementation of North America's first carbon tax.
posted by [expletive deleted] on Nov 3, 2010 - 89 comments

 

The Gentle Art of Poverty

A former magazine writer in his late fifties moves to San Diego and lives on very little money indeed. In the October 1977 issue of The Atlantic, he describes the stratagems behind his thriftiness. [more inside]
posted by goodnewsfortheinsane on Oct 7, 2010 - 23 comments

'These "positive externalities" need to be highlighted to gain public support for free transit,'

Should All Public Transit Be Free? [more inside]
posted by quin on Oct 1, 2010 - 138 comments

Property Taxes on Median Home by State

Property Value on Median Home by State Nothing but data here, depicted visually: Property Taxes by State, Median Home Value, Taxes as a Percent of Home Value, Median Income for Homeowners, and Taxes as a Percent of Income.
posted by jefficator on Sep 24, 2010 - 41 comments

Do good, buy cheap.

If only IKEA furniture could be assembled this quickly. The Swedish furniture chain's catalog has surpassed the Bible as the most published print in the world (previously), but did you know that all of your furniture purchases are actually charitable? [more inside]
posted by eenagy on Aug 27, 2010 - 32 comments

The Opening of a Conservative Mind

Bruce Bartlett, senior policy analyst in the Reagan White House, speaks out against Republicans - The monumental hypocrisy of the Republican Party is something amazing to behold. And their dimwitted accomplices in the tea-party movement are not much better. They know that Republicans, far more than Democrats, are responsible for our fiscal mess, but they won't say so. And they adamantly refuse to put on the table any meaningful programme that would actually reduce spending. Judging by polls, most of them seem to think that all we have to do is cut foreign aid, which represents well less than 1% of the budget. [more inside]
posted by kliuless on Jul 26, 2010 - 156 comments

America: Have vs Have-not

The Obama Coalition "These general findings suggest the possibility that the political strength of voters whose convictions are perhaps best described as Social Democratic in the European sense is reaching a significant level in the United States. With effective organization and mobilization, such voters are positioned to set the agenda in the Democratic Party in the near future."
posted by Glibpaxman on Apr 4, 2010 - 37 comments

Do less, tax more

A NYTimes columnist just comes out and says it: America's taxes should be higher. The Perils of Pay Less, Get More. [more inside]
posted by The Devil Tesla on Mar 16, 2010 - 218 comments

Single-engine plane crash in Austin, Texas

This morning, in Austin, Texas, a Piper Cherokee single-engine plane [was] crashed into an office building partially occupied by the IRS. It appears to be the work of an individual, but the story keeps getting weirder. The suspected person may have also burned his house down this morning.
posted by fiercecupcake on Feb 18, 2010 - 236 comments

Where do my taxes go?

Where does my tax money go? From USA Today, a calculator and graph that lets you enter your salary and shows you how your tax dollars are spent. You can also change the year shown, so that you can compare now and then.
posted by OmieWise on Feb 3, 2010 - 39 comments

Anti-Tax Voters Darken Colorado Springs

After a ballot measure to raise property taxes in Colorado Springs was overwhelmingly defeated, tax opponents called for the city to shrink the government. The City of Colorado Springs now plans to make deep cuts to basic services, including parks, police, and even the street lights.
posted by chrchr on Feb 1, 2010 - 332 comments

Well since you don't want it any more, here you go.

"You have to put two and two together, and hopefully you come up with a high-speed rail project."
The St. Petersburg Times announced today that the state of Florida will receive funding for a high speed rail project, to be announced today by President Barack Obama in his Tampa visit. [more inside]
posted by toodleydoodley on Jan 27, 2010 - 86 comments

Class Warfare?

Today, Oregon voters will decide whether or not to increase taxes on businesses and the rich. Ballots for Measures 66 and 67 are due today at 8pm, polling is extremely tight, and at this point the election will be decided by turnout. With the opposing sides having collected a combined $10.1 million in donations, Oregonians have spent the last month deluged by political ads, canvassers, and phone calls. Whatever the outcome, this election has at least had the effect of making "spadea" into a household word. [more inside]
posted by OverlappingElvis on Jan 26, 2010 - 169 comments

No Country For Old Men

On January 1st, the U.S. estate tax will disappear. For exactly one year. Then it will come back higher on Jan. 1, 2011. Will lots of old rich people die? [more inside]
posted by msalt on Dec 17, 2009 - 129 comments

How will the jobless afford such a thing?

Lawmakers attempt to target elective cosmetic surgery to pay for health reform in the United States. Simply an inviting target? The idea isn't that new, it was shelved once before. Now it's back. There is opposition as botox sales have already been dropping off.
posted by IvoShandor on Nov 20, 2009 - 31 comments

Get a dog, save on your taxes?

On July 31 of this year, Rep. Thaddeus McCotter (R-MI) introduced H.R. 3501, a bill aimed at granting tax deductions to owners of companion animals. Known as the HAPPY Act — Humanity and Pets Partnered Through the Years — it would create a deduction of up to $3,500 on federal tax returns for the care of "qualified" pets, defined as "legally owned, domesticated, and live animals." As of yet, there are no co-sponsors. So did McCotter introduce the bill due to being a genuine supporter of animal protections, or is this one Republican's way of trying to ensure taxpayers get to keep more of their money? Either way, the ASPCA approves, as do actors Leo Grillo and Robert Davi. via
posted by lovermont on Oct 8, 2009 - 37 comments

You must be THIS TALL to file a W-2

Economists Matthew Weinzierl (HBS) and Gregory Mankiw (Harvard) make a utilitarian case for a height tax. [more inside]
posted by Kadin2048 on Jun 24, 2009 - 123 comments

Ayn Rand Made Her Do It

Whoopi Doesn't Want To Be Overtaxed. Is she Going Galt?
posted by Xurando on Mar 6, 2009 - 112 comments

Tax Trouble at Treasury

Timothy Geithner is an experienced financial leader (previously). He is President Obama's pick to run the Treasury Department, which includes the Internal Revenue Service. The problem is that Mr. Geithner did not pay more than $30,000 in taxes, even his employer reminded him to do so. Now his nomination may be in jeopardy. Is Mr. Geithner the new Zoe Baird?
posted by Slap Factory on Jan 14, 2009 - 63 comments

Death and Taxes: 2009

"Death and Taxes: 2009" is a representational poster of the federal discretionary budget; the amount of money that is spent at the discretion of your elected representatives in Congress. Basically, your federal income taxes. (previously)
posted by Knappster on Oct 26, 2008 - 14 comments

Ron Paul '08: So sayeth the Lord.

The Alliance Defense Fund is organizing Pulpit Freedom Sunday, urging Pastors to explicitly endorse Presidential candidates in violation of IRS rules governing the non-profit status of religious organizations.
posted by god hates math on Sep 9, 2008 - 37 comments

Stories of where US stimulus checks are going

HowISpentMyStimulus.com In January, Congress approved $152 billion in economic stimulus checks for millions of American households, intended to boost the economy and avert a recession. Just how this money will be spent remains to be seen. We hope this website helps shed some light on where the stimulus money is going.
posted by ThePinkSuperhero on May 31, 2008 - 77 comments

Government spending and tax levels

Want to know how government spending and taxation levels have gone up or down over the last 20 years, and how they compare with other countries? The Organization for Economic Cooperation and Development has a handy set of tables (Excel, HTML-ized by Google): total spending, total revenues, fiscal surplus or deficit (Norway's surplus is 17% of GDP). Part of the statistical tables for the semi-annual OECD Outlook.
posted by russilwvong on May 30, 2008 - 6 comments

Death and Taxes 2008

The Entire Federal Government in Six Square Feet
posted by konolia on Jan 15, 2008 - 41 comments

Now my advice for those who die, declare the pennies on your eyes.

Tax Info for Musicians. Musicians and taxes don’t seem to mix very well. Taxes and administrating the business of music are often last on the list of concerns for the working musician. The above link gives some helpful tips on what to look for and some simple dos and don'ts. Also, here's some information on the often confusing Section 179 Deduction and a list of common deductible business expenses
posted by psmealey on Dec 28, 2007 - 19 comments

Too tall!

Moreover, based on the empirical distribution of height and wages, the optimal height tax is substantial: a tall person earning $50,000 should pay about $4,500 more in taxes (pdf) than a short person earning the same income. Draw what inferences you will.
posted by Pants! on Dec 15, 2007 - 41 comments

Economic Consequences

The Economic Consequences of Mr. Bush. "The next president will have to deal with yet another crippling legacy of George W. Bush: the economy. A Nobel laureate, Joseph E. Stiglitz, sees a generation-long struggle to recoup." [Via Firedoglake.]
posted by homunculus on Nov 18, 2007 - 70 comments

Treasury: Income Mobility Substantial. Pew: But Not Enough.

A new U.S. Treasury Report (press release) reports that tax returns from 1996 to 2005 show that income mobility in the U.S. is "considerable," with rising earnings, and top earners who often stumble. The WSJ crows. Pew releases its own research (reports, press release) on income inequality today with a multi-decade outlook, but summarizes the findings as that American families' income mobility is still highly dependent on their parents' position. Forbes and a The New Republic blog try to reconcile the reports. Meanwhile, blacks appear to be downwardly mobile.
posted by shivohum on Nov 13, 2007 - 45 comments

Infrastructure Report Card

The American Society of Civil Engineers (ASCE) published their latest Infrastructure Report Card in 2005. America's infrastructure got a D. The ASCE estimate that it will cost $1.6 trillion over a five-year period to bring the nation's infrastructure to good condition. They also have a Critical Infrastructure blog. [Via Gristmill.]
posted by homunculus on Aug 3, 2007 - 49 comments

Zombie Joseph Beuys Recommends: The Tax Code

For each occupation, an illustration. For some months, Dorothy of Cat and Girl has been riffing on the Schedule C Principal Business or Professional Activity Codes Table. The list is full of odd associations. Why, for instance is "Offices of Podiatrists" illustrated with a Starfleet officer? There's gotta be a story there.
posted by ourobouros on Aug 3, 2007 - 13 comments

public assets and infrastructure go private--and we pay

Roads To Riches (or We've Got a Bridge in Brooklyn to Sell You--Seriously) -- Why investors are clamoring to take over America's highways, bridges, and airports—and why the public should be nervous.--...a slew of Wall Street firms—Goldman, Morgan Stanley, the Carlyle Group, Citigroup, and many others—is piling into infrastructure ... Assets sold now could change hands many times over the next 50 years, with each new buyer feeling increasing pressure to make the deal work financially. It's hardly a stretch to imagine service suffering in such a scenario; already, the record in the U.S. has been spotty. ...
posted by amberglow on Apr 29, 2007 - 107 comments

Who's your (tax) daddy

Single largest taxpayer in... This comment highlighted that: The club is the largest single taxpayer in Hong Kong. It paid HK$12.4bn in 2005-06 - about 8.6% of all taxes collected by the government - on turnover of HK$98.9bn. In Virginia and lots of other places its a power company. In the Chinese province of Yiwu its a market specializing in counterfeit goods. Citigroup in South Dakota. Pemex in Mexico. A cell phone company in Afghanistan. A gold mining company in Indonesia... and Guatemala. MIT in Cambridge. And the US? Some say its the government itself. This 1999 posting inconclusively points the smoking gun at... ... and in your piece of the world?
posted by RandlePatrickMcMurphy on Mar 28, 2007 - 7 comments

The Economics of Fat

Cheap Donuts and Expensive Broccoli: the Effect of Relative Prices on Obesity. Using data from the National Health Interview Survey (NHIS) for the period 1982-1996, we find that individual BMI measures, as well as the likelihood of being overweight or obese, exhibit a statistically significant positive correlation with the prices of healthful relative to unhealthful foods.
posted by monju_bosatsu on Mar 27, 2007 - 61 comments

We already have a flat tax?

US TaxFilter: Your real tax rate: 40%.
"In a study for the National Bureau of Economic Research, Boston University economists Laurence J. Kotlikoff and David Rapson have found that our all-in marginal tax rate is 40%, give or take a bit. Yes, you read that right: 40%." The table at the end is telling.
posted by knave on Feb 26, 2007 - 88 comments

Renewable Energy Incentives

Want to increase your energy efficiency and use more renewable energy? Want to install solar panels on your roof, buy a hybrid car, put in new storm windows, or make any number of other green improvements to your home or business? Want to save money doing it? DSIRE is a comprehensive source of information on state, local, utility, and federal incentives that promote renewable energy and energy efficiency. Just click on your state and take it from there.
posted by alms on Feb 23, 2007 - 13 comments

Drug Tax Stamps

Many people want to legalize, regulate, and tax marijuana and other drugs, however, few know that many U.S. states are content simply to tax. In fact, even the federal government wants a share (middle of p. 89 of the PDF), and used tax stamps in early prohibition, but only the states have recently issued issued cool stamps (be sure to click "exhibit"). The point, of course, is not to actually tax the drugs, but to penalize the drug dealers for tax evasion as well as drug sales. They have brought in some money, though. A few interesting state government pages: Conecticut, Nebraska, North Carolina and their tax return form, and Kansas.
posted by TheOnlyCoolTim on Jan 15, 2007 - 30 comments

July 4 might be Independence Day in another way, too

Cost of Government Day - "n. the date of the calendar year, counting from January 1, on which the average American has earned enough in cumulative gross income to pay for his or her share of government spending (total federal, state, and local) plus the cost of regulation."
posted by Gyan on Dec 3, 2006 - 16 comments

We're coming to your town, we'll drag your budget down

On November 7th, Americans have much to decide. While the two major parties joust for control of the Senate and House, many a ballot initiative does not recieve the scutiny required. Consider Oregon's Rainy Day Amendment, Arizona's HOPE Amendment, California's Protect Our Homes Initiative or Idaho's Proposition 2. Examine the Taxpayer Bill of Rights in Maine and Proposal 6 in Michigan - weigh them against three bills in Montana. [more inside]
posted by EatTheWeak on Nov 5, 2006 - 20 comments

If you drive a car, I'll tax the...gas?

Thomas Friedman:
The First Law of Petropolitics, in short, argues that the price of oil and the pace of freedom operate in an inverse correlation. As the price of oil goes up in what I call petroauthoritarian states—like Iran, Sudan, Venezuela—the pace of freedom goes down. These regimes can afford to be less responsive to their people and outside pressure. And as the price of oil goes down, the pace of freedom goes up because these regimes have to open up to the world if they want to deliver for their people, and they have to empower their people more.
But how to lower oil prices and help freedom on its proverbial march? Many, from Alan Greenspan to Andrew Sullivan to Ray Magliozzi from Car Talk think the answer may be to . . . raise the gas tax? The Pigou Club is an ever-updated list of economists, politicians and others who have advocated Pigouvian (or is it Pigovian?) taxes to not only lower oil prices, but reduce greenhouse gases, fix the federal deficit and strengthen our national security. Though some remain more than a little hesitant to jump on the bandwagon and others remain skeptical that the movement is anything more than "just talk," this could be an idea whose time has come, especially since the gas tax isn't as regressive one would think.
posted by joshuaconner on Oct 25, 2006 - 57 comments

The cost of war

National Priorities Project for what its worth...
posted by hard rain on Sep 20, 2006 - 17 comments

Is the U.S. Bankrupt?

Is the U.S. Bankrupt? [332Kb PDF] Laurence Kotlikoff, writing in this month's Federal Reserve Bank of St. Louis Review, says "yes" - to the tune of $66 trillion! [more inside]
posted by ikkyu2 on Jul 16, 2006 - 67 comments

A defeat for "death tax" propagandists.

GOP Senators have lost their bid to kill the currently-defunct estate tax. This defeat of the permanent repeal effort is a major triumph for the 98% of Americans who've never been in danger of having to pay the tax.
posted by maud on Jun 8, 2006 - 164 comments

The death tax

From estate tax to 'death tax' Public Citizen released a report [PDF link] today that "reveals how 18 families worth a total of $185.5 billion have financed and coordinated a 10-year effort to repeal the [U.S.] estate tax, a move that would collectively net them a windfall of $71.6 billion." The rich get richer...
posted by tippiedog on Apr 25, 2006 - 73 comments

Crescent Fresh

These folks may do a prostitute’s taxes (nytimes), but who does a prostitute’s laundry? (more Sifl and Olly on YouTube)
posted by jrb223 on Apr 6, 2006 - 17 comments

A Fair Tax or not?

Is a Fair Tax possible? HR 25, known as the Fair Tax of 2005, would replace all corporate and individual income taxes with a 23% tax on finished goods and services, with provisions to compensate for necessities. Some think it would work as promised, but I wonder if corporations would play fairly and pass their savings along to consumers, or just enrich the bottom line?
posted by Enron Hubbard on Sep 3, 2005 - 84 comments

Internet Crime

Oregon man gets jailtime for website. There's a lot you can do on the internet, but "cheating" the state out of tax revenue is a crime. "Washington County Circuit Judge Michael McElligott found Eric Ivan Guthrie not guilty of racketeering and computer crime for selling cigarettes through the now-defunct Inexpensivesmokes.com Web site. However, McElligott found Guthrie guilty of doing business as a cigarette distributor without a license, two counts of unlawful distribution of cigarettes for not affixing the packs with Oregon revenue stamps and five counts of failing to comply with tobacco sale requirements for not verifying that buyers were at least 18 years old. Oregon Department of Revenue has the names and sales receipts for 7,500 people who bought cigarettes online without paying the state tax of $1.18 a pack. A small percentage have been sent bills, and officials are determining how many others will be asked to pay the state". This seems wrong.
posted by Mack Twain on Aug 21, 2005 - 37 comments

$11.5 Trillion Lost In Bermuda Triangle

$11.5 Trillion Lost In Bermuda Triangle In case you've ever wondered just how much money the mega rich keep nice and tax free in off shore shelters, it's $11.5 trillion.
posted by expriest on May 6, 2005 - 46 comments

Free money. Ask me how.

Need cash to make your own blockbuster? Edward Jay Epstein, author of The Big Picture, reveals how they do it: by taking a popular franchise and turning to immediate write-offs in tax shelters such as Germany, so that money starts coming in even before the movie enters production. No wonder we've been seeing so much crap as of late, with poor box office figures not hurting studios the way they really ought to.
posted by Goblindegook on Apr 25, 2005 - 29 comments

Do your damn taxes

Do Your Damn Taxes (flash video) is an amusing little movie about a dude and his 1040 form, getting ready for the big day. From the same guy that did merry christmas from james.
posted by mathowie on Apr 4, 2005 - 8 comments

Watching the spinners paid by US

Ever wonder who gets the spin money from the government to sell us everything from wars to reforms to reconnect the Army with the American people. A rundown on the seven biggest PR firms doing business with the government, and their refusal to come clean about what it is they're doing with our tax money. PRWatch has much, much more, including exposing the funding and associations pushing Social Security "reform"
posted by amberglow on Mar 10, 2005 - 83 comments

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