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Most Recent Posts

Bernie Sanders Tax Plan Moderate On Top Income Tax Rate

Looking at the whole plan, it is easier to think about it in terms of somebody who is self-employed, since they, presumably, pay both the employer and employee share.  To give Bernie the benefit of the doubt, just as a thought experiment, assume that the health care plan is pretty good, such that you don’t need insurance (I recognize that is a big leap for many).  You are getting hit with that 8.4%, but no longer paying for health insurance, so anybody south of $100,000 is feeling pretty good and even at $250,000, it is not that bad.  If you live in a high-tax state, the income tax features are not so bad even as you move into the high six figures, but the FICA and the health charge will be very painful.  So it looks like “the rich” starts with people making $300 grand or so and it’s not all coming out of the billionaires.

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Disparate Tax Views At Opening Of Bernie Sanders Worcester Office

State Director, Paul Feeney, told me that the campaign will probably be issuing a full-blown tax plan before Iowa.  From my limited survey, it seems that supporters are not attached to a high marginal rate, which I happen to think is a very bad idea. According to the Tax Foundation 74% would only raise about $2.37 trillion over ten years on a dynamic basis.  More anecdotally, I remember what it was like prior to 1986, when people could be persuaded to do preposterous things, since the government would be paying half or more of the cos

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Bernie Sanders Might Drive Bill O’Reilly Away With Nonexistent 90% Threat

His plan has some credibility, as I have myself, toyed with the idea of claiming Irish citizenship.  The two reasons are that it can make it easier to do business in the EU and that when the terrorists come on the plane to kill all the Americans you can show them your Irish passport.  The rules for claiming Irish citizenship by descent are explained here.  Nanna Reilly is my ticket, since she was an immigrant.  When she came to the United States, as a young woman, soldiers were going off to war – against Spain.  If I had been pro-active in the eighties, my kids would be eligible, but I let them down.

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How To Cash Your Powerball Winning Ticket Anonymously

The limited liability company will not save income tax or estate taxes.  What it will do is provide a confidential vehicle to do all the whacky things that I want to do.  Each one will be in a separate entity.  There is the movie company Let Them Be Sea Captains LLC (Bonus points for any commenter who figures out what the first film will be).  And then there are the strip malls.  I really like them.  The really dinky ones that don’t have a really big anchor.  That will be Greenstrips LLC and it will strive to have tenants who only sell things that are good for people.  I have  a hunch it will turn out to be not very sound and am capping that one at $50 million or so.

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Tax Foundation Scores Ben Carson Tax Plan

Tax Foundation Scores Ben Carson Tax Plan

I think it is worth noting that we have had a progressive income tax and an estate tax for a century now.  I understand the arguments that the economists make for plans like Carson’s, but there are all sorts of unintended, unforeseen consequences when you make radical changes.  From that perspective, the Dwight Eisenhower style socialist from Vermont, Bernie Sanders, is actually looking like the most conservative candidate at the moment , but we’ll see how things develop.

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