Archive for January 4th, 2011

Why Does Obama Hate Gulf Residents?

This just seems gratuitously mean-spirited:

Tax experts said Monday that since the Deepwater Horizon oil spill was not classified as a disaster, BP claims might be taxed at the highest rate.

Disaster tax rules do not apply, so tax experts said they are warning people, especially those who received compensation from BP, to be prepared for the tax that they need to pay in the coming weeks.

CPA Ted Stacey said, “If you were paid for lost wages or income, that’s going to be ordinary income that is taxed at the highest rate you pay. It could be as high as 35 percent for federal or 5 percent state.”

If the Deepwater Horizon wasn’t a disaster, then what the hell is???  Does the toxic waste from the spill have to spawn a giant fire-breathing lizard that starts stomping on cities?

January 4th, 2011 at 11:42am Posted by Eli

Entry Filed under: Environment,Obama,Taxes,Wankers

Democracy In Action

This just in: 61% of Americans want to reduce the deficit by raising taxes on the rich, 3% want to do it by cutting Social Security.

So what does Obama do?  He cuts a deal with Republicans behind his own party’s back to extend the Bush tax cuts for the rich, and he creates a presidential deficit reduction commission stocked with Pete Peterson acolytes and other enemies of Social Security, whose draconian recommendations he shows every sign of favoring.

Obama and the Democrats might want to think about this as they wonder why they got destroyed in next year’s elections.

January 4th, 2011 at 07:41am Posted by Eli

Entry Filed under: Corruption/Cronyism,Democrats,Economy,Elections,Obama,Politics,Polls,Social Security,Taxes,Wankers


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