NEWS
October 9, 2008
Obama's tax plan would cause job cuts The typical liberal "class-ism" argument suggests that "working-class" families deserve a tax break while the "rich" should pay more taxes to fund whatever social programs liberals consider appropriate. It is amazing that some individuals feel so entitled to spend other people's money. Currently, the top 5 percent of U.S. wage-earners pay approximately 35 percent of the total federal income taxes collected, and the top 25 percent of wage-earners pay more than 65 percent of the taxes.
NEWS
By C. Fraser Smith | July 15, 2007
When the real budget crunch comes - sometime soon - we may see a re-enactment of the "firefighters first" syndrome. The concept involves a kind of aggressive tutorial on what government does with your tax money. Here's how it works: You're a mayor or governor who needs to raise money to make the budget work. Knowing that no one wants to pay more taxes, you announce that matters are so dire that cuts will be made in the fire department. This gets people's attention. It suggests that taxes pay for essential services.
BUSINESS
By NEW YORK TIMES NEWS SERVICE | May 28, 2005
Letting the boss fly to the Super Bowl on the corporate jet is going to be more expensive, the Treasury Department said yesterday as it issued guidance regarding the tax law passed by Congress last fall. The department said that any time a senior executive of a company uses a corporate airplane for entertainment, such as flying to the Super Bowl or to a golf tournament, the company will not be able to deduct the expenses of the flight unless the executive pays a high amount of personal taxes.
NEWS
By MARY GAIL HARE and MARY GAIL HARE,SUN STAFF | January 30, 2005
The Carroll County legislative delegation's hearing yesterday was to focus on eight proposed local bills, but nearly all the debate centered on one -- the transfer tax. Almost 50 people, in a crowd of more than 100, commented on a proposed 1 percent tax that would be levied on home sales at the time they are settled. The buyer of a single-family home costing $300,000, the average price in the county, would pay a $3,000 transfer tax. The county commissioners have asked the delegation to enact the tax, which could yield as much as $7.5 million next year.
NEWS
By C. Fraser Smith | January 11, 2004
THREE OF the state's most experienced and highly regarded students of government finance offered their views on how to deal with Maryland's deficit during a sparsely attended forum last week at St. John's College in Annapolis. For the most part, they left politics out of their equations. Call it fiscal tennis without a net, but it was a scintillating exchange nonetheless. Two days later, on the campus of the General Assembly, the net was up -- way up. James C. "Chip" DiPaula Jr., Gov. Robert L. Ehrlich Jr.'s estimable budget secretary, said increased education funding hinges on passing a slot machine gambling bill.
NEWS
By Childs Walker and Childs Walker,SUN STAFF | May 4, 2003
Carroll countians don't react kindly to the notion of raising taxes. So the county's three Republican commissioners, having proposed to do just that, are trying to stave off public anger by linking the increase to the very message that got them elected: that residential growth has raced ahead of the county's ability to pay for schools, water and roads. "Of course the last thing any of us wanted was to raise taxes, but we have good reasons for it, and if we explain that well, people will understand," said first-term Commissioner Dean L. Minnich.