All posts tagged
Taxes
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Tax Day Absurdity
Columnist Deroy Murdock has a new piece out that's filled with examples of the tax code's insane complexity (which is also the subject of my show tonight that airs on Fox News at 10pm ET.) Here's one example: An IRS formula to calculate what the government calls "the valuation of a remainder interest following two lives":
... continue reading »
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- Taxes
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Death by Taxes (Airs Sunday at 10PM ET on FNC)
Liberals are fond of quoting Supreme Court Justice Oliver Wendell Holmes who said, "taxes are what we pay for a civilized society"---but at the time taxes were just 10% of GDP. Now they are triple that. Is that civilization or theft?
Texas Congressman Louie Gohmert says the current tax code is just too complicated. He wants the current code scraped---and replaced with a flat tax... continue reading »
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Government Plays Favorites
When the government tries to "fix" the economy, we lose. Politicians' cronies often win. In this week's syndicated column, I take a look at crony capitalism (crapitalism) and "The Great Deformation"--which is what former Reagan budget director, David Stockman, calls what the Fed and the Treasury has done to our economy.
... continue reading »
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- Crony Capitalism
- Economy
- Taxes
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Budget Insanity
In my syndicated column this week, I point out that even politicians who campaign on reducing government won't cut bad programs.
Even the new "fiscally responsible" Republicans vote against cutting Energy Department handouts to companies like Solyndra and subsidies to sugar producers. Many claim that any cut in military spending will weaken America and increase unemployment... continue reading »
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Class Warfare
In his speech yesterday, Obama brought up income inequality to justify higher taxes on the rich.
In the last decade, the average income of the bottom 90% of all working Americans actually declined. The top 1% saw their income rise by an average of more than a quarter of a million dollars each. And that’s who needs to pay less taxes? ... continue reading »
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Makers vs. Takers
Tax Day approaches. It’s the one day of the year when we most feel the intrusiveness of government. They take from us…but to do they make anything? Who really makes the nation prosperous? Government…or entrepreneurs?... continue reading »
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An Alpaca Named Stossel? (“Promises,” the show to which this refers, re-airs on Fox News this Sunday @ 8pm and 11pm ET)
I blogged this week about the angry response from many alpaca farmers after I reported on their tax benefits. One wrote in to call me a racist... continue reading »
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This Week's Column: Uncle Sam Will Help Buy You an Alpaca
Politicians say they will support "family farms" ... and why not? It sounds heart-warming... continue reading »
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Reaction to My Politicians' Promises Special
Many viewers wrote to say they enjoyed the show (which re-airs Sunday at 9pm, midnight, and 3am ET.)
Kevin: John, tonights show has been absolutely fantastic!! It is THE type of show that I've been waiting for you to host ever since you went to Fox News.
Sarah: Thank you for such a great show!!! The unintended consequences of the programs you focused on tonight are issues that we... wish more people were aware of... continue reading »
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Have Uncle Sam Buy You Alpacas (9pm Friday on Fox News)
Politicians like Bernie Sanders promise that they will “save family farming” and “strengthen family-based agriculture." The result: lots of special tax exemptions for farmers. Livestock owners don't have to pay any taxes on income that they then spend on their business. They can write off property taxes... continue reading »
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