Browsing All posts tagged under »Taxmageddon«

OBAMA INVESTS IN AMERICA: BUSINESS CANNOT

February 14, 2013

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Obama spoke this week during the State of the Union: “Let’s set party interests aside, and work to pass a budget that replaces reckless cuts with smart savings and wise investments in our future. … It’s not a bigger government we need, but a smarter government that sets priorities and invests in broad-based growth.” He […]

STATE OF THE UNION TOXIC WASTE INVESTMENT: CLIMATE CHANGE

February 13, 2013

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Last night’s State of the Union was focused on more of the same, spending, although redefined as investing. The plan never changes, the words do. Government spends/invests, government creates, paid for with higher taxes, and in the end it’s just more debt. One of those areas in the plan which has again been reintroduced is […]

WE HAVE A PAYING FOR PROBLEM: HOYER

February 12, 2013

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Pelosi Sunday morning on Fox: “We have to make a judgment about what, how do we get growth with jobs, that is where the real revenue comes from. You don’t get it by…cutting your education and cutting back on investments in science and National Institutes of Health, food safety, you name it. So, it isn’t […]

WHEN GOVERNMENT IS THE ONLY REASON FOR ECONOMIC GROWTH THE ECONOMY COLLAPSES

February 1, 2013

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Boxing News24: “Top Rank promoter Bob Arum recently said that Manny Pacquiao will be fighting outside of the United States now because of the high taxes inside the country, and they want to avoid those taxes by having his fights staged in Asia and Mexico. The sudden decision by Pacquiao and Arum to take his […]

OBAMA BLAMES GDP FALL ON GOP

January 30, 2013

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Jay Carney spoke about the Q4 .01% GDP contraction: “There is more work to do and our economy is facing headwinds, and that is Republicans in Congress. It can’t be we’ll let sequester kick in because we insist tax loopholes remain in place for corporate jet-owners. It’s not a game, it’s the American economy.” This […]

SURPRISE SHRINKAGE IN US ECONOMY: SPENDING’S NOT WORKING

January 30, 2013

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Bloomberg: “U.S. stocks fluctuated between gains and losses, after benchmark indexes climbed to a five-year high, as data showed the economy unexpectedly shrank last quarter. Amazon.com Inc., the world’s largest Internet retailer, jumped 4.5 percent after reporting gains in sales and North American operating margin. Chesapeake Energy Corp. surged 7.2 percent as Chief Executive Officer […]

DITCHING NEW YORK: PULLING A MICKELSON

January 28, 2013

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NYP: “The city’s hedge-fund executives are flying south — and it’s not for vacation. An increasing number of financial firms, especially private equity and hedge funds, are fed up with New York’s sky-high city and state tax rates and are relocating to the business-friendly climate in Florida’s Palm Beach County. And they’re being welcomed with […]

ESCAPING CALIFORNIA: PULLING A MICKELSON

January 28, 2013

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The no tax states are looking very healthy today. We looked at some of the corporations which have pulled a Mickelson in California; Ebay, Wells Fargo, Rockwell Collins, Legacy Electronics, Hyundai Capital, MVM Tech, Fallbrook Tech, Chevron, EDM Labs, Tickets.com, Claim Jumper, Capital One, Kairak, Callaway Golf, Bubba Gump, SumTotal Systems… In 2010 204 companies […]

ILLINOIS CREDIT ILLS

January 28, 2013

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Chicago Tribune: “Illinois fell to the bottom of all 50 states in the rankings of a major credit ratings agency Friday following the failure of Gov. Pat Quinn and lawmakers to fix the state’s hemorrhaging pension system during this month’s lame-duck session. Standard & Poor’s Ratings Service downgraded Illinois in what is the latest fallout […]

PHIL MICKELSON STOP WHINING ABOUT YOUR TAX RATE: SHUT UP AND PAY UP

January 22, 2013

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Forbes: “But suppose Mickelson’s upper estimate on his tax bill–63%–were right. Is he saying that a $10 million endorsement deal wouldn’t be worth doing if he only got to keep $3.7 million after tax? Really? Mr. Mickelson, do you understand that the typical American would have to work about 75 years to earn that much […]

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