Why must politicians release their tax returns?

To be fair, I said Romney should release his… Not because I cared but because they were killing him in the press…

But, honestly, I don’t get it. What is gained by this information?

Bentley released his yesterday…

Gov. Robert Bentley’s tax returns show he’s still not receiving any income from being governor, but he and his wife reported an adjusted gross income of $372,687 for 2013.

Of that, $232,881 resulted from Bentley selling his interest in the building where his medical practice was in Tuscaloosa. Much of the remainder was from IRA distributions and Social Security.

The governor and first lady reported paying $81,442 in federal taxes and $10,460 in state taxes. They also made cash donations of $15,086 to charities.

No one was convinced his earning made him a better Governor…

It’s amazing how easily the simpletons are fooled!! How noble that this scumbag who is making 3 times as much as the normal salary of the governor has refused it for a few years. It sounds like he’s really suffered. I wonder if he has seen a doctor in the last three years?? Oh wait, he probably has since he has government sponsored healthcare. Good enough for a guy making over 300K but not for those who make 10K a year??? Of course Skeletor will take the Medicaid expansion next year when it becomes politically feasible for him, the selfish bastard. But I gotta wonder is there anything that prevents old lying Bob from receiving his entire salary including years past at a later date?? I doubt it and I suspect Bobby is gonna owe a lot of taxes in five years when he leaves the governor’s office.

Parker Griffith says he will release his later, his accountant isn’t ready

MONTGOMERY, Alabama — Parker Griffith, who is running for the Democratic nomination for governor, said he would release his income tax returns after Gov. Robert Bentley did so today.

Griffith said he has filed for an extension on his state and federal returns so he can’t release them now.

“My accountant just doesn’t have them ready,” he said.

Griffith said he has not released his returns for any previous political campaigns because he’s never been asked to.

“But I’ll be happy to if our current governor has,” Griffith said. “I would like everybody to know my situation so we can have a level playing field.” (via AL.com)

Obama released his already, who the hell cares

President and Michele Obama saw their income drop significantly in 2013, according to tax returns released by the White House Friday.

For 2013, the Obamas reported adjusted gross income of $481,098 – no pauper’s salary, but a 21% drop from the $608,611 they reported in 2012.

With the smaller take home pay, their charitable contributions similarly shrank – from $150,034 in 2012 to $59,251 in 2013.

The big difference: book sales are down. The Obamas reported $273,739 income from publishers/agents in 2012, but only $116,180 in 2013.

What is gained by this? All it does is feed our jealousy and class warfare-obsessed society.

No one likes the tax code. So how would you fix it?

04-15-14 – Dale Jackson talks with Rep. Alvin Holmes’ opponent Tijunna Adetunji (she calls HIM an Uncle Tom)

Yes, raising the minimum wage will hurt workers…

Well done, President Obama….

In an April 10 letter, Reps. Martha Roby, R-Montgomery, and Bradley Byrne, R-Mobile, joined 38 other lawmakers in asking that programs operated by military morale, welfare and recreation and exchange operations be exempted from recent changes to minimum wage requirements for federal contractors.

“Should (the minimum wage) policy changes be fully implemented, we are concerned they will eliminate jobs, negatively impact recreational services on military bases, and limit the dining options for servicemen and women on military installations,” lawmakers wrote.

The letter comes as McDonald’s announced it would close locations at three Navy bases and one Marine base. Another restaurant, “I Love Country,” has closed at Naval Station Pearl Harbor in Hawaii. Military Times reports two other contractors, a sandwich shop and pizza parlor, are seeking to be released from Army and Air Force Exchange Service contracts. (via AL.com)

That’s a nice double whammy, screw those workers and the troops who eat there.

No one likes the tax code. What would you do?

No one.

The tax code is complicate, time consuming and infuriating.

It’s also used as a weapon by political candidates to punish those they don’t like (the other political party) and benefit those they like (their political party).

How do we change it?

First we need to look at the viable alternatives as they stand now:

  • Flat-tax: Ever person pays the same thing on income they earn.
  • Fair Tax: Tax code is eliminated and a national sales tax is implemented (23% or 30% depending on who you are talking to). Each household in the country is entitled to a prebate, based on the number of legal Americans in the household and the amount of spending the household would do to reach the poverty level. Yes, a check from the government for the taxes you will pay.
  • VAT tax: A value added tax, taxes are added at every stage of production.Let me have Wikipedia attempt to explain that to you:

    • The manufacturer spends $1.10 ($1 + ($1 × 10%)) for the raw materials, and the seller of the raw materials pays the government $0.10.
    • The manufacturer charges the retailer $1.32 ($1.20 + ($1.20 × 10%)) and pays the government $0.02 ($0.12 minus $0.10), leaving the same gross margin of $0.20 ($1.32 – $1.10 – $0.02 = $0.20).
    • The retailer charges the consumer $1.65 ($1.50 + ($1.50 × 10%)) and pays the government $0.03 ($0.15 minus $0.12), leaving the same gross margin of $0.30 ($1.65 – $1.32 – $0.03 = $0.30).
    • The manufacturer and retailer realize less gross margin from a percentage perspective.
    • Note that the taxes paid by both the manufacturer and the retailer to the government are 10% of the values added by their respective business practices (e.g. the value added by the manufacturer is $1.20 minus $1.00, thus the tax payable by the manufacturer is ($1.20 – $1.00) × 10% = $0.02).

None of these are perfect… The VAT tax would increase the complexity of the tax code and lead to higher taxes.

Also, if we are not looking to complicate things further nor are we trying to provide politicians with the ability to manipulate the tax code and give tax dollars away to get votes we have to say goodbye to the idea of the Fair Tax. In the dream world of the Fair Tax, we would still have individuals lobbying our elected officials to help their good make it on the list of non-taxed items or to boost the prebate to another level in order to win votes.

And as a caller points out on my radio show this morning, the Flat Tax has the same problem. Steve Forbes initially proposed an exemption on the first $36,000 of income; we could very easily find ourselves in a situation where politicians will argue for a higher level.

So, essentially all these plans a have issues.

If I was a dictator, here is what I would do: Enact a Flat Tax on all income, no minimal level. Develop a tax rate by picking a rate that level funds the government, this year to the next. No deductions, no complications.

No one, in Dale Jackson’s America would ever receive more via refund than they paid in federal taxes.

Sorry, moochers.

This would simplify things and eliminate the ability of the government to pit citizens against each other with the tax rate.

What would you do?

Nancy Grace is a horrible person…

For those unaware, she is referencing 7 dead babies found in a garage

A Utah woman accused of killing several babies she gave birth to over 10 years was arrested Sunday after police discovered seven tiny bodies stuffed in separate cardboard boxes in the garage of her former home.

Megan Huntsman, 39, who lived in the Pleasant Grove home until three years ago, had the infants between 1996 and 2006, investigators said. (via New York Post)

Let’s all agree that the real monsters are anyone who watches Nancy Grace on HLN…

Someone is hitting back at a really shady political group with a shady YouTube video…

BTW: That 3/27/14 article tying The Alabama Foundation for Limited Government to the Alabama Education Association and listed as AL.com, is actually an opinion piece written by, you guessed it, me.

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