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Come On Down! You're The Next Contestant On Tax TV!
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Blog

Come On Down! You're The Next Contestant On Tax TV!

Imagine, for a moment, a game show set. Wink Martindale is the host, because you need a pro to keep this thing on the rails. Contestants are picked at random from the studio audience to answer questions about the IRS, prepared by auditors and CPAs. Winners are awarded a tax rebate. Losers get the last 10 years of their income tax returns audited.

02/25/2013
New Tax Rule Threatens Seattle Ballroom
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New Tax Rule Threatens Seattle Ballroom

Hallie Kuperman loves to dance. But what she loves even more is sharing this passion with visitors to her social dancing club, the Century Ballroom.Hallie purchased the vintage dancing space 16 years ago, turning it into a Seattle institution. The Century Ballroom not only teaches swing, tango and the foxtrot, it also hosts cabarets and other live performances for an eclectic crowd of all ages. The club’s trendsetting owner has become a prominent and beloved figure in the community.

02/22/2013
CBO Report Confirms That Deficit Reduction Leads To Economic Growth, Helps All Families
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CBO Report Confirms That Deficit Reduction Leads To Economic Growth, Helps All Families

On February 5, the Congressional Budget Office released a report titled, "Macroeconomic Effects of Alternative Budgetary Paths". Full disclosure: even to us policy wonks, this report sounds a bit dry. Not exactly 50 Shades of Grey, if you know what I mean. But this report did contain some very interesting nuggets. Prepared at the request of the Chair of the Senate Budget Committee, Patty Murray, I'm certain that it came as a bit of a surprise.

02/21/2013
Details of the Democrats' Ten-Month Sequester-Delay Plan
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Details of the Democrats' Ten-Month Sequester-Delay Plan

The Senate Democratic Leadership offered a plan yesterday that would delay the sequester through January 2, 2014 (a ten-month postponement) and would “pay for” this delay of spending reductions with a set of new tax hikes and alternative spending trims. 

02/15/2013
Texas is Hiring
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Texas is Hiring

Thousands of Americans are voting with their feet and heading to the Lone Star State. Despite a national economic slump, Texas boasts a rock solid economy and pro-active leadership committed to fostering a business friendly environment. And it's just this type of climate that's attracting the nation's best and brightest.  

02/08/2013
A Trouble for All Seasons
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A Trouble for All Seasons

You never want to think that when economic trouble strikes, it's going to hit you. In fact, often times it doesn’t affect you directly because your business is not necessarily in the market segment currently under fire. This has been my family's experience for the majority of my life, at least until the last couple of years. 

02/04/2013
Dr. Martin Luther King, Jr. and the Obamacare Individual Mandate
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Dr. Martin Luther King, Jr. and the Obamacare Individual Mandate

On Wednesday, The Hill reported that the Obama administration had begun to implement the individual mandate at the heart of Obamacare. Noting its unpopularity, rules have been written by the IRS and Department of Health and Human Services that "downplay the scope" of the mandate and emphasize the exemptions. As a curious blogger, I wanted to see for myself the fact sheet that was disseminated.

02/01/2013
Chart: Federal spending and receipts in one image (FY 2013)
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Chart: Federal spending and receipts in one image (FY 2013)

01/25/2013
Only In Washington: Revenue Killing Revenues
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Only In Washington: Revenue Killing Revenues

One of the most wearisome tactics from this Most Wearisome Adminstration Ever is its hyper-employment (I know-it's weird seeing "employment" in any context implying an increase in the Age of Obama) of the euphemism "revenues" in an attempt to dupe the public into paying more taxes.

01/24/2013
The Fiscal Cliff Comes Back to Bite Voters: How Should Republicans Respond?
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The Fiscal Cliff Comes Back to Bite Voters: How Should Republicans Respond?

As the first paychecks of 2013 were deposited into accounts earlier this month, some workers undoubtedly wondered why their take-home pay seemed lighter than in December. The reason was simple: the fiscal cliff deal is now beginning to rear its ugly head in the form of a payroll tax increase. Oddly, no one seemed more surprised than Obama supporters themselves.  “What happened?” rang out among liberal blogs and message boards.

01/23/2013

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