The Zuckerberg Tax (Why Not Just Confiscate)
Posted by admin / Under Tax Protester Constitutional Arguments
WHEN Facebook goes public later this year, Mark Zuckerberg plans to exercise stock options worth $5 billion of the $28 billion that his ownership stake will be worth. The $5 billion he will receive upon exercising those options will be treated as salary, and Mr. Zuckerberg will have a tax bill of more than $2 billion, quite possibly making him the largest taxpayer in history. He is expected to sell enough stock to pay his tax. ..................................................... For individuals and married couples who earn, say, more than $2.2 million in income, or own $5.7 million or more in publicly traded...
Published on Wednesday 8th of February 2012 09:38:50 AM
Nation’s Highest Gas Tax Coming To Michigan?
Posted by admin / Under Tax Protester Constitutional Arguments
Michigan could potentially have the nation’s highest gas tax if Gov. Rick Snyder’s proposal to replace the state motor fuel tax with a higher wholesale tax becomes law. As of Jan. 1, motorists here pay 57.8 cents per gallon worth of state and federal taxes, according to the American Petroleum Institute. This includes the 6 percent Michigan sales tax imposed on fuel sales, from which not a dime goes to roads (a small amount goes to subsidize public transportation). Michigan is one of only eight states that impose sales tax on fuel. The new tax would replace the current 19-cent...
Published on Wednesday 8th of February 2012 09:38:50 AM
A Fairness Quiz for the President
Posted by admin / Under Tax Protester Constitutional Arguments
President Obama has frequently justified his policies—and judged their outcomes—in terms of equity, justice and fairness. That raises an obvious question: How does our existing system—and his own policy record—stack up according to those criteria? Is it fair that the richest 1% of Americans pay nearly 40% of all federal income taxes, and the richest 10% pay two-thirds of the tax? Is it fair that the richest 10% of Americans shoulder a higher share of their country's income-tax burden than do the richest 10% in every other industrialized nation, including socialist Sweden? Is it fair that American corporations pay the...
Published on Wednesday 8th of February 2012 09:38:50 AM
NY Tax Commissioner Grants Broad Authority to Look at Your Taxes
Posted by admin / Under Tax Protester Constitutional Arguments
The entire New York State Inspector General's Office has now been granted the authority to snoop into the tax returns of not only the state employee workforce, but anyone they deem to be relevant to an investigation. This level of investigative power is unprecedented, and is something even the State Attorney General has not been granted. Let me reiterate... The entire staff of the IG's Office can now look into your taxes in New York State. If you're a state employee, look around your office right now. Now imagine, there are similar levels of riffraff in the IG office that...
Published on Wednesday 8th of February 2012 09:38:50 AM
At 102%, His Tax Rate Takes the Cake
Posted by admin / Under Tax Protester Constitutional Arguments
At 102%, His Tax Rate Takes the Cake Published: Saturday, 4 Feb 2012 | 9:09 AM ET By: James B. Stewart Meet Mr. 102%. James Ross, 58, is a founder and managing member of Rossrock, a Manhattan-based private investment firm that focuses on commercial real estate and distressed commercial mortgages. “I realize I am very fortunate, and in fact I am a member of the 1 percent,” Mr. Ross wrote in an email. His résumé is studded with elite institutions: Yale, Columbia Law School and stints at the law firms Cravath, Swaine & Moore in New York, and Holland &...
Published on Wednesday 8th of February 2012 09:38:50 AM
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