The Other McCain

"One should either write ruthlessly what one believes to be the truth, or else shut up." — Arthur Koestler

Rhetorical Question Day at The Corner

by Smitty Steven Hayward and Jonah Golberg have questions, and I have answers. Hayward quotes Kinsley, emphasis mine: If the deficit doesn’t matter, why have any taxes at all? And if there is some point at which the deficit does start to matter, and become dangerous, when is that point if $1.6 trillion isn’t it? […]

‘Main Street Fairness Act’: Dick Durbin’s $23 Billion Internet Sales Tax Scheme

Patrick Ishmael at Hot Air explains how Illinois imposed a job-killing Internet sales tax on businesses in that state. Now, Illinois Democrat Sen. Dick Durbin is proposing to turn this bad idea into national policy as the “Main Street Fairness Act.” Kelly William Cobb at Americans for Tax Reform says that Durbin’s job-killer is “not just […]

The Futility of Class Warfare Rhetoric

Graphic: RushLimbaugh.com via Hot Air Pundit Demonizing the rich may work as politics for Democrats, but the problem is that it fails as policy. One could argue that Americans are undertaxed in general, and that some kind of across-the-board rate increase (or closing of loopholes) is therefore necessary for the purpose of enhancing federal revenue […]

Tax Day 2011

It is no small irony that Tax Day came late this year because on Friday, Washington, D.C., celebrated “Emancipation Day.” The Lonely Conservative: Isn’t it nice to know that so many of our fellow Americans pay no federal taxes? The Associated Press article linked does not make clear that most of these non-taxpayers are low-income […]

‘No Poor Man Ever Gave Me a Job’

As an impoverished American — hey, buddy, you wanna try raising six kids on a freelance journalist’s income? — I look on in amusement at the self-described “Patriotic Millionaires” who insist that they should pay more taxes. I agree with Moe Lane: “Raise Your Own Damned Taxes.” Contrary to all the class-warfare demagoguery pouring forth from […]

Word of the Day: Sharing!

Just as I predicted, Obama’s Big Deficit Speech was big on sharing: As a country that values fairness, wealthier individuals have traditionally borne a greater share of this burden than the middle class or those less fortunate. . . . To meet this challenge [i.e., ballooning deficits], our leaders came together three times during the […]

Oh Sure, Right After I Got Wrecked Converting The Traditional IRA To A Roth

by Smitty (via Insty) Mrs. The Other Smitty and I this year listened to the financial adviser and converted the modest Traditional IRA to a Roth. By making the optimal choice on what to do with the sudden profit, we managed not to get completely destroyed on income tax. The amount of money in question […]

The REAL Budget Battle (UPDATED)

Yeah, I know everybody’s riveted by negotiations between Republicans and Democrats over the federal budget, but what is far more urgent — at least to me, personally — is the battle over my own budget, which involves negotiations with Mrs. Other McCain. If you think this is leading up to me asking you to hit the tip […]

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