Stop me if you've heard this before. "I wish they weren't called the Bush tax cuts. If they were called someone else's tax cuts, they'd be less likely to be raised," the former President told some people who still listen to him speak about anything. Just save us the trouble and play it on a loop, wouldja? [CNN via Ritholtz]
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Hammer Wants Everyone to Know That the IRS Can’t Touch This
- Caleb Newquist
- August 14, 2009
Why on Earth would someone like MC Hammer have to go and make reassuring claims about his financial situation? The fact that the IRS is hassling him with an illegit, illegit to quit, tax lien has us completely nonplussed (is that the right word?). The man is the poster child for rag to riches to completely over-leveraged riches to bankruptcy to mediocre comeback celebrity.
More on HammerTime’s trubs, after the jump
Hammer is all bent out of shape over a lien that the IRS slapped on him last month for $625k that is related to some damn thing 15 years ago. Right about the time when he was working really hard at going bankrupt.
HammerTime would also like everyone to know that along with a hit TV show, he is a very successful Twitterer with over 1 million followers, so obviously this whole tax lien is a huge misunderstanding because everyone knows that 1 follower on Twitter = $1 in the bank. So if the IRS could just drop it, that’d be great. Thanks.
MC Hammer Raps IRS over Tax Debts [Web CPA]
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Mitt Romney Is Pleased with PwC’s Tax Services
- Caleb Newquist
- July 30, 2012
In an interview with ABC News yesterday, Willard shared a few new tidbits about his […]
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Herman Cain Wants You to Try the New 9-9-9 Recipe
- Caleb Newquist
- October 22, 2011
Godfather of gold ties and GOP Presidential candidate Herman Cain has taken a lot of heat for his 9-9-9 tax plan. While it has a nice ring to it, not too many people are crazy about 9-cubed including his fellow GOP hopefuls, their tax taskmaster Grover Norquist, and every tax wonk within the DC delivery area.
Sensing something needed to be changed, Cain got his economics advisor accountant and whomever else is crunching the numbers to go back to the drawing board. And what did they come up with, you ask? Are they throwing in free bread sticks? Fresher ingredients? A gluten-free crust stuffed with cheese? Nope! That would just cause more confusion, so they just dropped a nine:
For people living under the poverty line, “your plan isn’t 9-9-9, it’s 9-0-9,” Mr. Cain said in a policy speech in Detroit. “Say amen, y’all. If you are at or below the poverty line…then you don’t pay that middle 9” – i.e. the individual flat tax.
Mr. Cain’s bold 9-9-9 plan – which includes a 9% individual flat tax, a 9% business flat tax, and a 9% national sales tax – has helped vault him into the top tier of GOP presidential candidates.
But free bread sticks would still be nice.
Herman Cain Tweaks 9-9-9 Tax to Remove Flat Tax for Poorest Americans [WSJ]