Warm Southern Breeze

"… there is no such thing as nothing."

Posts Tagged ‘tax’

Alabama Marijuana: Is there money in it?

Posted by Warm Southern Breeze on Thursday, January 24, 2019

Is there money to be made LEGALLY in Alabama from marijuana?

The short answer is, “YES.” There is significant money to be made in Legalizing, Taxing, and Regulating Cannabis in Alabama for Adult Recreational (ARU), and Medical Use (MMJ).

Figures are now coming in from Massachusetts showing sales volumes, and taxes after that state legalized, taxed, and regulated marijuana for Adult Recreational Use, and Medical Use, and the figures are amazing.

Simply put, the Cost:Benefit ratio of keeping cannabis illegal is prohibitive to society at every level, federal, state, and local. There is NO reasonable, rational reason to continue cannabis prohibition. It costs more fiscally and socially to maintain than there is benefit derived from it being illegal. Taxpayers are no longer willing to foot the bill to so stridently harm their fellow citizens for responsible use of a substance that research shows is significantly less harmful than either alcohol, or tobacco, and which even the DEA has acknowledged has not killed anyone, nor has ever been a cause of addiction.

Today’s most recent story in the Boston Globe by Nearly $24 million spent on recreational marijuana sales in first two months.”

Customers crowd into Theory Wellness in Great Barrington on January 11, 2019, the opening day of its recreational marijuana sales.

Read the rest of this entry »

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Marijuana in Alabama: Show me the money!

Posted by Warm Southern Breeze on Saturday, January 5, 2019

How Much Money Could Alabama Earn By Legalizing, Taxing, and Regulating Marijuana?

How much money could Alabama stand to realize if it Legalized, Taxed, and Regulated (LTR) cannabis for Adult Recreational Use (ARU), and Medical Use (MMJ)?

In order to make a reasonably accurate estimate, we need certain pieces of information from reliably accurate sources, such as:

1.) How many people would purchase it?

2.) How much tax would be placed upon it?

3.) How frequently would they purchase?

There are other questions, but let’s start by answering those three.

First, let’s determine how many people consume marijuana in the state – adults, of course.

The National Survey on Drug Use and Health (NSDUH), is an annual survey which first began in 1971 and is conducted in all 50 states and the District of Columbia. It’s conducted under the auspices of the Substance Abuse and Mental Health Services Administration (SAMHSA), Center for Behavioral Health Statistics and Quality. Read the rest of this entry »

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Ex-NYC Top Cop: Pot “Addictive”

Posted by Warm Southern Breeze on Monday, December 31, 2018

Bill Bratton, Ex-NYC Top Cop, Says Pot “Addictive”

Former New York City Police Commissioner William “Bill” Bratton appeared on a Sunday call-in interview on the radio show “The Cats Roundtable with John Catsimatidis” on WNYM 970 AM (Hackensack, NJ) recently, and was asked about his thoughts on the legalization of cannabis in New York State for Adult Recreational Use (ARU).

William “Bill” Bratton, was NYC’s Police Commissioner 1994-96, 2014-16, and LAPD Chief 2002-2009

He said in part that, “At this particular time, I still strongly oppose it. I think there are too many unanswered questions. We still don’t have effective capabilities in law enforcement to deal with the issue of driving while impaired by the use of marijuana. It is as addictive as any other drug. We don’t really know the full effect of that drug on the development of children. I guarantee that about the same as alcohol is very available to young people, marijuana – particularly the way it’s being proposed in this state in terms of allowing people to grow it in their homes, as well as the widespread distribution of it – young people will be getting their hands on it. There’s the compounding feature of the smell of it. Nobody wants to live in a building, in an apartment building, a public housing project, on the streets, in the parks, with the pervasive smell, which you’ve already started to see an increase in the use of it on the streets. The enforcement lessons of… (unintelligible) There are too many unknowns. And, ah… ” etc.

Fortunately for you, dear reader, I’ve researched the matter, and can address just about all his questions.

He claimed that: Read the rest of this entry »

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How To End Gun Violence

Posted by Warm Southern Breeze on Sunday, April 15, 2018

Ending gun violence neither requires repealing the 2nd Amendment, writing entirely new legislation, nor doing nothing – as is being now done, no matter how seemingly well intentioned. With minor modifications to existing law as language additions, almost all interested parties are satisfied – not all, but many, if not most – concerns are addressed in a rational, reasonable, lawful, Constitutional, and commonsensical legislative process that also minimizes taxpayer burden.

Opinions run the gamut, from one extreme, including repeal of the Second Amendment – by former SCOTUS Justice John Paul Stevens, a Republican and Ford appointee – to the other, from arming teachers, to wholesale abandonment of all existing firearm law.

But rarely, if ever, is there any commonsensical solution ever made on settling on any problem with rational, reasonable, logical compromise that achieves most all goals, within reason, and with very slight compromise to all interested parties.

My conservative friends think me liberal, while my liberal friends think me conservative, and both are wrong.

The casual and cursory Read the rest of this entry »

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A Real Life Example Why A Flat Tax Is Inequitable And Unjust

Posted by Warm Southern Breeze on Friday, November 10, 2017

Recently, a physician friend of mine had asked this question of me:

“As far as Tax goes, why not use a flat tax? I can’t understand why it won’t be considered?”

My reply to him follows.

“The so-called “flat tax,” which would be a no-deductions type of single percentage levies “across the board” upon everyone, bar none, is a disproportionate burden to those who make less.

“Consider the following, which is a real-life example to illustrate the case in point:

“A female friend shared with me that she and her spouse have a 50/50 sharing agreement with household expenses. That is to say, she pays half, and he pays half. He is retired, she is not. In his working years, he was a Read the rest of this entry »

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How To Resolve Gun Sickness & Disease

Posted by Warm Southern Breeze on Tuesday, November 7, 2017

Firearm fascination has gotten to the point of ridiculousness, to the extent that it’s much like a paraphilia. It’s no longer merely “disturbing,” its downright dangerous, and blatantly irresponsible. As Healthcare professionals, we research & examine the scope, extent, and exact nature of the problem, then make a diagnosis, and formulate a plan of treatment to either ameliorate the symptoms, or cure the disease. It presumes, of course, that the patient will cooperate with the plan, and follow the course of treatment.

In this present “gun nut” scenario in which we find ourselves suffering, the NRA has bent over backwards to Read the rest of this entry »

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A Better Argument For Alabama #ALpolitics To Legalize, Regulate & Tax Marijuana

Posted by Warm Southern Breeze on Saturday, February 27, 2016

Recently, on February 23, 2016, AL.com published an OpEd entitled “Would legalizing cannabis solve Alabama’s budget problems?” written by Reggie C. Pulliam, whom was identified as “a resident of Gulf Shores who has worked on public policy and criminal justice reform in Washington, D.C.”

I found his Op-Ed unconvincing because it’s poorly written.

The Colorado Department of Revenue reported that for December 2015 (State of Colorado Marijuana Taxes, Licenses, and Fees Transfers and Distribution December 2015 Sales Reported in January 2016), Total All Marijuana Taxes, Licenses, and Fees was $13,247,434.

The year-to-date increase was $4,689,293.

Based upon the December figure, on an annualized basis, that’s $158,969,208… which is not exactly chump change.
(See “Alabama Senate Approves Shifting $100 Million Away From Schools” published September 15, 2015.)

Linked here is the Colorado Department of Revenue’s Colorado Marijuana Tax Data.

Figuring into the state cost : benefit analysis & calculations also is a decrease in costs associated with Read the rest of this entry »

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A Simple Solution to America’s Gun & Mass Shooting Problems

Posted by Warm Southern Breeze on Thursday, August 27, 2015

MAC M11 32cap mag & supressor

The Ingram MAC-11 (Military Armament Corporation Model 11), a defunct American small arms manufacturer, made this subcompact machine pistol developed during the 1970s. Shown here with 32-round capacity magazine, and suppressor.
Weight: 1.59 kg (3.50 lbs)
Length: 248 mm (9.76 in/20.90 in)
Barrel length: 129 mm
Cartridge: .380 ACP
Caliber: 9mm
Action: Straight Blowback
Rate of fire: 1200 /min
Muzzle velocity: 980 ft/s
Effective firing range: 50 m

There’s little debate of any significance about the problem of firearms in the hands of those who use them to commit heinous acts. This year alone, to date (as of this entry 27 August, the 239th day of 2015) there have been there have been:
248 Mass Shootings, with
313 Dead &
926 Wounded.

One only need type in ‘mass shootings’ in any search engine to find literally thousands upon thousands of news items, complete with details about this uniquely American problem. There is, however, significant and legitimate debate about how to ameliorate and stem the growing problem.

Some say no laws are needed, that LEOs (Law Enforcement Officers) need to enforce current laws. Others say outlaw guns completely. Somewhere, there is a “happy middle ground” of compromise to be found that protects our law-abiding citizens’ 2d Amendment Rights, and protects the innocent from miscreant would-be murderers and assailants.

I have a rather simple solution
to the

gun / mass shooting problem.

Read the rest of this entry »

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Strain A Gnat, Swallow A Camel: How the Church has ignored Christian Principles to their peril

Posted by Warm Southern Breeze on Thursday, August 20, 2015

In 9 Sins the Church Is Okay With, Frank Powell asks “Are we changing the Bible to fit our culture or are we changing our culture to fit the Bible?”

“What if the big sins, you know the ones you try hardest to avoid, aren’t the greatest threat to your joy and the church’s mission?

“Maybe it’s the sins lying underneath, the ones considered normal or acceptable, the ones going undetected, that are affecting the church the most.”

His questions are, of course, spot on.

In fact, one could hardly argue with the evidence which consists of vast, tax-free empires built upon the backs of the faithful by the likes of:
Joel Osteen (USA) Net Worth $40 Million;
Robert Tilton (USA) Net Worth $830 Million;
Benny Hinn (USA) Net Worth $42 Million;
Joyce Meyer (USA) Net Worth $8 Million;
Kenneth Copeland (USA) Net Worth UNKNOWN (has claimed he’s a billionaire, no such public records exist documenting his claim);
Creflo Dollar (USA) Net Worth $27 Million;
Eddie Long (USA) Net Worth $5 Million;
Randy & Paula White (USA) Net Worth $2 Million;
Joseph Prince (Singapore) Net Worth $5 Million;
Chris Okotie (Nigeria) Net Worth $10 Million;
Matthew Ashimolowo of Nigeria Net Worth $10 Million;
T.B. Joshua (Nigeria) Net Worth $15 Million;
T. D. Jakes (USA) Net Worth $18 Million;
Paul (late) & Jan Crouch (USA) Net Worth (estimated TBN $1 Billion+);
Chris Oyakhilome (Nigeria) Net Worth $50 Million;
David Oyedepo (Nigeria) Net worth: $150 Million.

Obviously, their “prosperity gospel” message is working quite well for them.

For others, no so much.

And that’d probably cover Avarice, Hubris, and Boasting – or, if you prefer, Greed, Extravagance, and Pride.

But there again, our nation’s laws actually encourage greed through religion by not taxing churches. In fact, John Oliver recently pointed out that “U.S. tax law allows television preachers to get away with Read the rest of this entry »

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Analysis – Examining the Record: Is Alabama Governor Bentley a “Jobs Creator” or a Drag on the State Economy?

Posted by Warm Southern Breeze on Saturday, April 12, 2014

When campaigning for the office of Alabama’s Governor, Robert Bentley – a retired dermatologist physician who at the time was an elected representative from Tuscaloosa County – promised if elected governor that, “I will forgo a salary as state representative for the rest of my term and will not accept a salary as Governor until Alabama reaches full employment.”
ref: http://blog.al.com/spotnews/2010/06/robert_bentley_extends_no-sala.html

When pressed on the matter, he later defined “full employment” as having state unemployment somewhere around 5%. It is a promise to which, as of the date of this entry – 12 April 2014 – he has kept. In other words, Alabama has NOT reached “full employment,” and he has not been paid a salary. He has, however, been compensated for out-of-pocket expenses (the governor’s office has a budget, so why would he personally have any such expenses for work in an official capacity?), though he has received – as legislator, a legally-mandated $1.00 per month salary. Since his election to the governorship, he has not received a salary.

Let’s examine Governor Bentley‘s employment record.

During Governor Robert Bentley’s watch, International Paper – the large paper mill formerly known as Champion Paper, in Courtland, and the largest employer in Lawrence County – closed and cost the area economy & state 1100 jobs. Those jobs were Read the rest of this entry »

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Offshoring American Enterprise: Good, Bad, or Indifferent?

Posted by Warm Southern Breeze on Saturday, August 24, 2013

I may step on a few toes with my next remark, but I can always apologize, and ask forgiveness if it so be the case that my remarks are found offensive.

However, suffice it to say, that our nation’s Congress, has, for at least the past 20 years, or so – and even moreso in the past decade plus – embarked upon a very Read the rest of this entry »

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Remarks by President Barack Obama at Chattanooga, Tennessee’s Amazon Distribution Center on Jobs for the Middle Class, 07/30/13

Posted by Warm Southern Breeze on Tuesday, July 30, 2013

The White House

Office of the Press Secretary

July 30, 2013

Remarks by the President on Jobs for the Middle Class, 07/30/13

Amazon Chattanooga Fulfillment Center
Chattanooga, Tennessee

2:00 P.M. EDT

THE PRESIDENT:  Hello, Chattanooga!  (Applause.)  It is good to be back in Tennessee.  (Applause.)  It’s great to be here at Amazon.  (Applause.)

I want to thank Lydia for the introduction and sharing her story.  Give Lydia a big round of applause.  (Applause.)  So this is something here.  I just finished getting a tour of just one little corner of this massive facility — size of 28 football fields.  Last year, during the busiest day of the Christmas rush, customers around the world ordered more than 300 items from Amazon every second, and a lot of those traveled through this building.  So this is kind of like the North Pole of the south right here.  (Applause.)  Got a bunch of good-looking elves here.

Before we start, I want to recognize your general manager, Mike Thomas.  (Applause.)  My tour guide and your vice president, Dave Clark.  (Applause.)  You’ve got the Mayor of Chattanooga, Andy Berke.  (Applause.)  And you’ve got one of the finest gentlemen I know, your Congressman, Jim Cooper.  (Applause.)  So thank you all for being here.

So I’ve come here today to talk a little more about something I was discussing last week, and that’s what we need to do as a country to secure a better bargain for the middle class -– a national strategy to make sure that every single person who’s willing to work hard in this country has a chance to succeed in the 21st century economy.  (Applause.)

Now, you heard from Lydia, so you know — because many of you went through it — over the past four and a half years, we’ve been fighting our way back from the worst recession since the Great Depression, and it cost millions of Americans their jobs and their homes and their savings.  And part of what it did is it laid bare the long-term erosion that’s been happening when it comes to middle-class security.

But because the American people are resilient, we bounced back.  Together, we’ve righted the ship.  We took on a broken health care system.  We invested in new American technologies to reverse our addiction to foreign oil.  Changed a tax code that had become tilted too much in favor of the wealthy at the expense of working families.  Saved the auto industry, and thanks to GM and the UAW working together, we’re bringing jobs back here to America, including 1,800 autoworkers in Spring Hill.  (Applause.)  1,800 workers in Spring Hill are on the job today where a plant was once closed.

Today, our businesses have created 7.2 million new jobs over the last 40 months.  This year, we’re off to our best private-sector jobs growth since 1999.  We now sell more products made in America to the rest of the world than ever before.  (Applause.)  We produce more renewable energy than ever.  We produce more natural gas than anybody else in the world.  (Applause.)  Health care costs are growing at the slowest rate in 50 years.  Our deficits are falling at the fastest rate in 60 years.  (Applause.)

So thanks to hardworking folks like you, thanks to the grit and resilience of the American people, we’ve been able to clear away some of the rubble from the financial crisis.  We’ve started to lay a new foundation for a stronger, more durable America — the kind of economic growth that’s broad-based, the foundation required to make this century another American century.

But as I said last week, and as any middle-class family will tell you, we’re not there yet.  Even before the financial crisis hit, we were going through a decade where a few at the top were doing better and better, but most families were working harder and harder just to get by.  And reversing that trend should be Washington’s highest priority.  (Applause.)  It’s my highest priority.

But so far, for most of this year, we’ve seen Read the rest of this entry »

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Alabama’s Quandary: Nur$ing Homes, or Home Care?

Posted by Warm Southern Breeze on Friday, October 5, 2012

It’s almost like trying to patch a roof while it’s leaking.

October 04, 2012

This Week in Alabama Politics

By Steve Flowers
It is basic public policy that you either have to raise taxes or reduce government services. It has become a cardinal sin in Republican politics to even say the word tax much less enact any increase in revenue. Our legislature is now overwhelmingly Republican and they are real Republicans. They take their no new tax pledge seriously as does our Republican governor. Therefore, when the dicing and crafting of the 2013 budget was being processed, new revenue enhancement measures were not on the table. It is doubtful that you will see any tax increase proposals anytime soon in the Heart of Dixie.

The state’s new budget year begins this week. It will be horrendous. There are draconian cuts to basic state services. Alabama has a constitutional amendment that mandates a balanced budget. We are in dire straits but at least we are not deficit spending like other states. California is teetering on bankruptcy.

This past year’s budget was bad. Teachers and state employees pay was cut this time last year. However, if you think that last year was bad, you ain’t seen nothing yet. This is the year that the chickens have finally come home to roost. The federal stimulus manna from Heaven has provided a lifeline salvation for several years but those dollars are gone. This fiscal year may well be the worst dilemma since the Great Depression.

My contention is that it is worse than the Depression years. During that era the state Read the rest of this entry »

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Necessary but Not Sufficient: Why Taxing the Wealthy Can’t Fix the Deficit

Posted by Warm Southern Breeze on Thursday, October 4, 2012

NOW OR NEVER | SEPTEMBER 2012

Necessary but Not Sufficient:
Why Taxing the Wealthy Can’t Fix the Deficit

By David Brown, Gabe Horwitz, and David Kendall

In this paper we shatter the myth that taxes on the wealthy can come close to solving our long-term budget problem. We readily acknowledge that raising taxes on top earners is necessary, but it is not sufficient to solve the looming fiscal crisis. And we make clear that if entitlements are left on autopilot, burdensome middle class tax hikes become inevitable.

Even a 50% tax rate on the wealthy can’t fix the deficit.
Even 50% taxe rate on wealthy can't fix deficitThis is the first in a pair of papers that demonstrate that purely ideological fixes will not sufficiently address our fiscal issues. Our other report, Death by a Thousand Cuts: Why Spending Cuts Alone Won’t Fix the Deficit, proves that a cuts-only strategy cannot solve our budget woes without severely compromising our safety, security, and economic growth. Together, these papers make the case that a big and balanced fiscal package is the preferred way to avoid the fiscal cliff, prevent deficits from exploding in the future, and allow our economy to grow.

To stabilize the debt and create a positive economic climate for U.S. growth, most mainstream economists agree that annual deficits must be reduced to 3% of GDP. The question is: how do we get there?

In order to demonstrate that taxes alone cannot solve our budget woes, we explore three budget scenarios, all of which rely solely on Read the rest of this entry »

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Economic Research: The Dismal Science finds poverty & inequality greater in U.S.

Posted by Warm Southern Breeze on Thursday, October 4, 2012

Poverty, inequality and redistribution

Focus

Jan 17th 2012, 20:27 by The Economist online

Poverty inequality & redistribution 20120121_WOC400 Governments can reduce poverty and inequality through taxes and cash transfers. Successful programmes such as Progresa-Oportunidades in Mexico and Bolsa Família in Brazil have helped reduce poverty and inequality in the last couple of decades, but compared with rich countries, Latin American countries still fall short. According to a new report by the OECD, a club of mostly rich countries, Chile is Read the rest of this entry »

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Do We Now Know Enough About Mitt Romney’s Taxes?

Posted by Warm Southern Breeze on Friday, September 28, 2012

MAKING SEN$E — September 28, 2012 at 5:04 PM EST

Do We Now Know Enough About Mitt Romney’s Taxes?

By: Paul Solman

US Republican presidential candidate Mitt Romney speaks at a town hall meeting at Central High School in Grand Junction, Colorado, on July 10, 2012, where he said he has ‘nothing hidden’ in his taxes. Photo by: Nicholas Kamm/AFP/Getty Images

It’s hard enough to figure out my own taxes every year without having to worry about Mitt Romney’s. But because the issue of Romney’s taxes has come to loom so large, I thought I’d better get some professional advice. So I sought out a friend, estate planning lawyer Matthew Berlin, who has modest clients like me as well as the high and well-heeled, some of them with assets abroad. I asked him if we now knew all we need to know, at least with respect to the tax returns Mitt Romney has disclosed publicly.

No, said Matthew. There are a host of questions that any inquiring tax attorney or journalist might ask. Without them, a true picture of Romney’s finances would be impossible. So I asked Matthew if he wouldn’t share the questions with us. Here they are: Read the rest of this entry »

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Guess what? Mitt Romney STILL pays a lower tax rate than you… you 47% slob.

Posted by Warm Southern Breeze on Saturday, September 22, 2012

You sleazebag, free-loading, dirtbag, entitlement-minded, mamby-pamby, wussified, two-bit, grifter…

No, not you, dear reader.

Mitt Romney.

Romney paid $1.9 million in 2011 taxes

Washington Post
Published 11:13 p.m., Friday, September 21, 2012, By , and

Mitt Romney paid $1.9 million in taxes on $13.69 million in income in 2011, most of it from his investments, for an effective rate of 14.1 percent, according to hundreds of pages he released Friday in a move to quiet political controversy over his personal finances.

Wall Street Crap Shoot - h

Wall Street Crap Shoot – h (Photo credit: SouthernBreeze)

The Republican presidential nominee could have paid less in taxes, but he engineered his 2011 returns to Read the rest of this entry »

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Meet the real “Welfare Mothers.”

Posted by Warm Southern Breeze on Thursday, September 20, 2012

Courtesy of the Wall Street Journal, the real “Welfare Mothers” are found to be…

Over Two-Thirds Of Corporations Pay No Federal Corporate Income Tax

First Posted: 01/10/12 01:03 PM ET Updated: 01/10/12 06:17 PM ET

At a time when the federal government is starved for cash — and facing layoffs and cuts in services across the board — more and more corporations are sidestepping their traditional tax rate and keeping millions of dollars for themselves.

The number of U.S. corporations structuring their businesses in such a way that they can avoid higher taxes has skyrocketed in the past quarter century, The Wall Street Journal reports.

In 1986, about 24 percent of corporations were what’s known as nontaxable businesses — meaning the companies themselves pay no federal income taxes — instead passing on the earnings to individual investors to pay taxes on. By 2008, these businesses accounted for about 69 percent of all corporations, a designation that can save companies hundreds of millions of dollars in a single year

Advocates for the business community have expressed frustration with the country’s 35 percent corporate income tax rate, calling it unreasonably high. In practice, though, it’s common for big businesses to pay much less, thanks to a cornucopia of tax-code loopholes and exemptions won by lobbyists.

The issue of corporate tax participation has become especially pressing in recent years, as the country struggles to manage its ballooning deficits. Corporate taxes for non-financial companies have fallen more than 13 percent since 2007, according to Bloomberg. At the same time, the national debt grew to $15.23 trillion from $9.13 trillion — a number larger than the economy itself.

According to a recent analysis of nearly 300 Fortune 500 companies by the Citizens for Tax Justice, the average company was paying just 18.3 percent in taxes — a little more than half the official rate. And by using techniques like industry subsidies, stock option packages, and moving assets overseas where they can’t be taxed, 30 companies mentioned in the report — including Wells Fargo, Verizon, Boeing and General Electric — didn’t pay a cent in federal taxes in 2008, 2009 or 2010, the report found.
The phenomenon affects state income taxes as well as federal. Last month, another study from the Center for Tax Justice found that corporate tax avoidance had cost states a combined $42.7 billion between 2008 and 2010 — a period when budget shortfalls forced states to cut spending for health care, public schools and care for the elderly and disabled.

http://www.huffingtonpost.com/2012/01/10/corporations-pay-no-tax_n_1196875.html

More Firms Enjoy Tax-Free Status

January 10, 2012
By JOHN D. MCKINNON

StoneMor Partners LP, the publicly traded firm that specializes in running cemeteries, expects to see handsome profits in coming years as baby boomers age and die. But unlike its largest rivals, its corporate tax bill from the federal government will be zero. On the Hike Corporate Taxes

StoneMor is among the many businesses organized so they don’t pay a penny in federal corporate income tax. And yet such firms don’t employ an army of accountants to shield profits in complex tax shelters. Their enviable tax position is perfectly legal and has been encouraged by Congress and state governments. Known as Read the rest of this entry »

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Taxpayers’ $182B TARP bailout of AIG Now Fully Recovered

Posted by Warm Southern Breeze on Tuesday, September 11, 2012

As the president and others – nonpartisan and partisan alike – have noted, BIG BUSINESS should NOT need a bailout. They should be operated in such a manner as to allow the Free Market to decide how, to what extent, and if they prosper. As part of that process, ironclad and strong regulation to prevent fraud and abuse should be vigorously enforced. And chief executives Read the rest of this entry »

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IRS pays whistleblower $104 Million for exposing wealthy tax cheats

Posted by Warm Southern Breeze on Tuesday, September 11, 2012

English: United States Internal Revenue Servic...

United States Internal Revenue Service, Criminal Investigation Special Agent badge

To know the truth is good, even though what may be revealed might not be good.

The über-wealthy & super-rich can run, but they cannot hide.

If anything, this perfectly illustrates the need for strong regulation.

IRS pays whistleblower $104 million

By STEPHEN OHLEMACHER

— Sep. 11 10:58 AM EDT

WASHINGTON (AP) — Lawyers for a whistleblower say the Internal Revenue Service has awarded their client $104 million for providing information about overseas tax cheats — the largest amount ever awarded by the agency.

Ex-Swiss banker Bradley Birkenfeld is credited with exposing widespread tax evasion at Swiss bank UBS AG. Birkenfeld himself Read the rest of this entry »

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Govenor Bentley begs, borrows or steals. -OR- What’s it like living in Alabama? Ever been continuously anally gang-raped?

Posted by Warm Southern Breeze on Wednesday, August 29, 2012

Not only does Governor Bentley send another man out to do his work, but he steadfastly refuses to do the right thing.

And the Huntsville Times REFUSES to cover Dr. Don Williamson’s stumping-for-the-governor’s “Let me borrow-nearly-a-half-BILLION-dollars-without-a-repayment-plan” appearance at City Hall.

Remember: Whatever you do,

• DO NOT increase tax rates on the wealthiest Alabamians, who already pay a lower rate than the impoverished – who also pay the 3d highest tax rate in the USA (why, even former Republican Governor Bob Riley called for tax change saying, “It is immoral to charge somebody making $5,000 an income tax.”);

• DO NOT increase property tax rates on corporate timber landowners who pay a lower rate than homeowners – who already pay 66% less than the national average;

• DO NOT increase severance tax rates on big oil & gas companies who are extracting those natural resources from under Alabama soil; and for goodness sake, whatever you do,

• DO NOT stop earmarking 9 out of every $10 of state tax revenue. God – and Governing Magazine – knows that our 50th place rank among our nation’s 50 states for fiscal management is as best as the whole state of retards can do.

Face it, folks. Alabama continues to be anally gang-raped by dogdamn retards, who call themselves “politicians.”

And, sadly enough, we apparently like it.

Medicaid crisis if Sept. 18 vote fails, state’s chief medical officer says

Written by Bob Johnson, Associated Press
3:11 AM, Aug. 27, 2012

Dr. Don Williamson AL State Health Officer

Dr. Don Williamson, State Health Officer with the Alabama Department of Public Health, announces an emergency ruling that two dangerous chemicals marketed as ‘bath salts’ are being added to the Alabama Controlled Substances List during a press conference in Montgomery, Ala., on Tuesday, Feb. 22, 2011. (Montgomery Advertiser, Lloyd Gallman) / Advertiser file

Alabama’s chief public health official said Medicaid will be in deep trouble if voters do not approve a Sept. 18 referendum to take more than $437 million from a state trust fund and use it to prevent huge cuts in spending on state programs for three years.

The constitutional amendment, if approved by voters, would take $145.8 million a year for three years out of the Alabama Trust Fund to help balance the budget during a time when tax collections are expected to see little growth.

Some critics say the Alabama Trust Fund was initially set up more than 30 years ago to prevent state officials from raiding oil and gas revenue every time the state has a funding crisis.

State Health Officer Don Williamson, who is temporarily overseeing funding for Alabama’s health care program for the poor, said without receiving money from the trust fund the Medicaid program would be $100 million in the red.

He said this could jeopardize programs that provide medicine for poor patients, reduce payments for doctors who treat Medicaid patients, send more poor patients to emergency rooms and eliminate optional Medicaid programs such as providing life-saving dialysis treatment.

“These are life-threatening choices,” Williamson said.

Williamson told The Associated Press that Read the rest of this entry »

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American tax code promotes outsourcing. Mitt Romney’s jobs plan would exploit that weakness.

Posted by Warm Southern Breeze on Monday, July 16, 2012

The Center for American Progress is a public policy think-tank which was created by John Podesta in 2003 as an alternative to right-wing extremist think tanks such as the Heritage Foundation and the American Enterprise Institute.

You can skip the article to the conclusion, but then, if you did, you’d miss out on the rationale… which is the significant point.

Yes, there are changes to American tax policy which need to be re-examined, particularly and especially those which do not offer competitive, fair or just incentives for a win-win-win for American enterprise, the American worker, and the American economy as a whole. However, the rules that have skewed the advantage to Big Business to the exclusion of the benefit of all of America and her citizens should be re-examined and modified or eliminated as necessary.

Time and time again, history has shown that when our nation has had high personal income tax rates, our nation has prospered significantly. That’s but one proof positive that should no longer be a “sacred cow” for any political party.

Further, the “starve the monster” philosophy which has, in large part, guided the modern Republican party, even spawning the modern radical TEA Party element, is a significant departure from reality. The reason why is simple: 100 years ago, we didn’t have space travel, the Internet, computers, cell phones, the Interstate highway system and so many, many, many more things that we have now. It’s ludicrous – bordering on the insane – to imagine that as these new inventions and innovations have proliferated (themselves signs of American ingenuity & enterprise), that there would be fewer rules and regulations associated with them. The concept is really quite simple. For example, when families have more children, there are more rules to govern their actions & behaviors. It’s analogous also to saying that, as an adult, one would wear smaller clothing as an adult, then as they did when in their infancy. It’s so preposterously ludicrous as to be insane – a genuine divorce from reality.

Romney’s New Tax Incentive for Outsourcing U.S. Jobs

How Romney’s Plan Would Reward Foreign Outsourcing

Mitt Romney hanlon_outsourcing_onpage

Gov. Romney presents his plan for creating jobs and improving the economy during a speech Tuesday, Sept. 6, 2011, in Las Vegas. His argument that we must exempt the overseas profits of American companies from U.S. taxes to make them more competitive in a global economy doesn’t hold up. SOURCE: AP/ Julie Jacobson

By Seth Hanlon | July 16, 2012
Download this issue brief (pdf)

The Washington Post recently reported that some of the companies Mitt Romney’s firm Bain Capital invested in were “pioneers in the practice of shipping work from the United States to overseas call centers and factories.” Even more troubling than his business record is his platform as Republican presidential candidate, which includes a policy that would encourage and further accelerate the outsourcing of American jobs to foreign countries.

The former Massachusetts governor would make U.S. corporations’ overseas profits exempt from U.S. taxes. These profits are already treated favorably under the tax code compared to corporate profits that are earned and reported domestically, creating an inefficient bias toward investment offshore. The favorable treatment of profits that are reported offshore also creates rewards for corporations that shift profits (on paper) out of the United States to foreign countries, including tax havens such as Bermuda and the Cayman Islands.

Romney’s proposed exemption for foreign profits would exacerbate the worst features of our current tax system. It would: Read the rest of this entry »

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Weather Extremes Not Just in United States

Posted by Warm Southern Breeze on Sunday, July 8, 2012

Here is Wisdom.

(Either that, or pragmatism.)

If there is nothing humans can to to lessen the severity or frequency of these, and other extreme weather events, then the very least that should be done is to significantly improve infrastructure to more effectively manage them, and to mitigate potential for damage.

And that is spelled I – N – F – R – A – S – T – R – U – C – T – U – R – E.

What’s “infrastructure”?

A definition of infrastructure from the New Oxford American Dictionary: “the basic physical and Read the rest of this entry »

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Stay-at-home-mom Ann Romney’s tax deductions for her dressage horse exceeded the average American Median Income

Posted by Warm Southern Breeze on Monday, June 18, 2012

Ann Romney's horse deductions

Is this not a prime example of how “We the People…” should require higher tax rates of the über wealthy?

I mean, really… they get a deduction of $77,000 for their f*ing horse?!

C’mon, people!

What’s wrong with this picture!?!

Out of touch with reality, or out of touch with reality?

Hey!

I know!

Mitt says “job one is creating jobs in America.”

Since Mitt & Ann get those rich-folk tax breaks, that makes him a “job creator.”

So maybe you can work in one of Mitt’s horse barns!

You plebian slob.

Romney Horse Wins Spot on Olympic Dressage Team

June 16, 2012
By

GLADSTONE, N.J. — Mitt Romney and his wife, Ann, who plan to attend the opening of the Olympic Games in London this summer, now have a personal rooting interest in the event.

Jan Ebeling, Mrs. Romney’s longtime riding tutor, and his horse Rafalca, co-owned by Mrs. Romney, Read the rest of this entry »

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Booze News You Can Use: Cullman, Alabama city officials delighted with alcohol tax revenue

Posted by Warm Southern Breeze on Tuesday, June 5, 2012

For many years, Cullman, Alabama – a tiny town in Central North Alabama, founded by German immigrants in 1873 – had been “dry,” which is to say that there were no legal sales of beverage alcohol in the city.

In fact, the city had been dry for nearly half its existence, having experienced “wet” and dry periods aside even, from national Prohibition.

There had been various referendums in 2004, 2002, 1992, 1990, 1986 and 1984, with the closest vote in 1984, when alcohol sales were voted down by a mere 159 votes.

Cullman had also been the butt of national jokes & mockery because it had the only dry Oktoberfest in the United States. That all changed in 2011, and for the 30th celebration of Oktoberfest that year, celebrants were able to legally sell & enjoy the consumption of beer, wine & liquor.

What is particularly fascinating about this entire ordeal – local prohibition in small-town Alabama – is that it is representative of Read the rest of this entry »

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Things Alabama ain’t got… Mega Millions Lottery

Posted by Warm Southern Breeze on Friday, March 30, 2012

Some folks would say “common sense,” and to some extent, that’s probably true.

Well… better make that “to a great extent.”

But, a state lottery is another thing Alabama ain’t got.

And, the Republicans in the legislature in the past administration and the present administration seem to have absolutely no inclination to allow the people the opportunity to vote on it… whether to have state sponsored gammlin’, that is.

Folks’ve tried to get one for education but have failed. And, in a move called “proration,” the governor this year cut all state budgets across the board by 10.6%, excluding education, because Alabama’s state constitution, for better or for worse, forbids going into debt and requires a balanced budget. Bonds are a different matter.

But, one other thing the state’s legislature doesn’t do Read the rest of this entry »

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Mitt & Wealthy Republicans out of touch with Average Americans?

Posted by Warm Southern Breeze on Friday, February 24, 2012

Mitt?

Hello?

Mitt?

Earth to Mitt.

Come in, Mitt.

You’re out of touch, Mitt.

From George Romney To Mitt, A Shrinking Tax Rate

by Scott Horsley and Tamara Keith
– February 24, 2012Mitt Romney gave a major economic speech Friday, in which he stressed his plan to lower personal income taxes.

Romney’s own taxes became an issue last month, when he acknowledged paying a lower tax rate than many middle-class families. Read the rest of this entry »

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Scrutinizing the Mitt Romney jobs claim record

Posted by Warm Southern Breeze on Monday, December 5, 2011

Mitt Romney, former  governor of Massachusetts, and GOP wannabe presidential nominee, has made many assertions claiming a record of creating private sector jobs before he became governor.

However, Marc B. Walpow, a former managing partner at Bain Capital who worked closely with Mitt Romney during his time there had this to say:

I never thought of what I do for a living as job creation. The primary goal of private equity is to create wealth for your investors.

Let’s examine Mr. Romney’s job creations claims more closely.

A closer look at Mitt Romney’s job creation record

The Republican presidential contender says he learned about expanding employment during his time heading a private equity firm. But under his leadership, Bain Capital often maximized profits in part by firing workers.

By Tom Hamburger, Melanie Mason and Matea Gold, Washington Bureau December 3, 2011, 7:23 p.m.
Reporting from Washington—

Shortly after Mitt Romney resigned from Bain Capital in 1999 to run the Olympics in Salt Lake City, potential investors received a prospectus touting the extraordinary profits earned by the private equity firm that Romney controlled for 15 years.

During that time, Boston-based Bain acquired more than 115 companies, according to the prospectus. Bain’s estimated annual returns were more than five times that of the Dow Jones Industrial Average in the same period.

Now a front-runner for the Republican presidential nomination, Romney says his Bain experience shows he knows how to create jobs. He often cites Bain’s investment in a little-known office supply store called Staples, which now employs more than 90,000 worldwide.

DOCUMENT: Read the Bain Capital prospectus

But a closer examination of the prospectus paints a different picture of Bain’s operation. Under Romney’s leadership, Read the rest of this entry »

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American Income Disparity and the ideal of Equality

Posted by Warm Southern Breeze on Sunday, October 30, 2011

The report by the Congressional Budget Office  is based upon data provided by the Internal Revenue Service and the Census Bureau, and was requested several years ago. The official report may be downloaded from the CBO via the link provided in the story in the first sentence of the first paragraph in the words “new report.”

It is my opinion that Republicans – which party has been hijacked by the radical element commonly known as the “TEA Party” – are Hell-bent on destroying this nation by eliminating – bit by bit, piece by piece – every vestige of rule, regulation and protective service that benefits the American people.

Their ideology is “tear down,” rather than “repair, rebuild.” It’s like tearing down the house just to replace the toilet.

Their political philosophy is disguised as “small government, less regulation” which on it’s face, sounds nice – which is almost like asking “if you could satisfy your hunger by eating Read the rest of this entry »

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Florida Taxpayers Bilked for Welfare Drug Test Costs by Republican Gov. Rick Scott

Posted by Warm Southern Breeze on Saturday, August 27, 2011

Updated October 27, 2012 – Readers should be aware there is now two years of data. The original story was published in 2011, and the three new stories added are from 2012, and show similar data – that being, that the cost of the program to mandate drug testing for all public assistance recipients in Florida – is unproductive and wasteful, and costs more in tax dollars and time wasted than it purports to save.

Dedicated to everyone who believes that merely because some people need a helping hand that they’re automatically suspect.

It’s not a crime to be poor. And Christ said, “The poor you will always have with you.”

The line of thinking on drug testing goes like this: A.) The exceeding majority of public assistance recipients are lazy, good-for-nothing drug abusers, so B.) Taking them off the dole will save hundreds of thousands – if not tens of millions of dollars, so C.) Make them pay up front to defend themselves against the blanket accusation, and reimburse them if they don’t “come up dirty.”

Turns out, however, that only a measly 2% of recipients have been positive. In other words, the vast and exceeding majority of public assistance recipients – 98% – are law-abiding, non-drug abusing citizens.

What does that mean for the good, hard-working, tax-paying people of Florida? Why, they’re on the hook to cough up some reimbursement money to the folks that paid up front to be tested. And at $43,200/month, that’s over $518,000/year. Not exactly chump change – especially in tough economic times.

Why, even the old Charlie Daniels song acknowledges that Read the rest of this entry »

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Warren Buffet tells Congress, “Stop coddling the Super-Rich.”

Posted by Warm Southern Breeze on Monday, August 15, 2011

Op-Ed Contributor

Stop Coddling the Super-Rich

By WARREN E. BUFFETT
Published: August 14, 2011

Omaha

OUR leaders have asked for “shared sacrifice.” But when they did the asking, they spared me. I checked with my mega-rich friends to learn what pain they were expecting. They, too, were left untouched.

While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks. Some of us are investment managers who earn billions from our daily labors but are allowed to classify our income as “carried interest,” thereby getting a bargain 15 percent tax rate. Others own stock index futures for 10 minutes and have 60 percent of their gain taxed at 15 percent, as if they’d been long-term investors.

These and other blessings are showered upon us by legislators in Washington who feel compelled to protect us, much as if we were spotted owls or some other endangered species. It’s nice to have friends in high places.

Last year my federal tax bill — the income tax I paid, as well as payroll taxes paid by me and on my behalf — was Read the rest of this entry »

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CEO pay soars while employee pay falters

Posted by Warm Southern Breeze on Friday, April 1, 2011

Those “poor, poor” rich men. We shouldn’t tax those poor, poor souls because they, in their mercy, give jobs to us, the genuinely wealthy slobs who do not need them. No, Congress should cut their taxes, and should not tax multi-national corporations such as General Electric which makes billions in profits and does not pay any income tax. In fact, Congress should eliminate all taxes upon the über-wealthy and should tax the poor! (sarcasm ends here)
•••

CEO pay soars while workers’ pay stalls

By Matt Krantz and Barbara Hansen, USA TODAY
Updated: 04/01/2011 9:20am

CEOs didn’t have to cry poor for long.

The heads of the nation’s top companies got the biggest raises in recent memory last year after taking a hiatus during the recession.

At a time most employees can barely remember their last substantial raise, median CEO pay jumped 27% in 2010 as the executives’ compensation started working its way back to prerecession levels, a USA TODAY analysis of data from GovernanceMetrics International found. Workers in private industry, meanwhile, Read the rest of this entry »

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The Impact of the Flat Tax Reform on Inequality

Posted by Warm Southern Breeze on Wednesday, January 26, 2011

Some assert that everyone should pay the same rate of taxes, claiming that one “flat rate” would solve many problems.

I beg to differ.

The inequality of the so-called “flat tax” is quite simply, self-evident, because given that the cost of living is indexed similarly, the one whom has more income and wealth does not use as much to live, whereas the less fortunate and less wealthy use a greater percentage of their income to make ends meet.

Put another way, if it costs $500 annually to live, and you make $1000, that’s 50% of your income.

If it costs $500 annually to live and you make $10,000 that’s 5% of your income.

Who, then, does a flat tax benefit? Read the rest of this entry »

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Taxed Enough Already? Not hardly, says new report.

Posted by Warm Southern Breeze on Thursday, April 8, 2010

So-called “tea” partiers may be disappointed

The Tax Policy Center (TPC), a non-partisan policy analysis and collaborative effort of the Brookings Institution and Urban Institute, both Washington, D.C. think-tanks, recently reported that 47% of all Americans will not pay income tax for the 2009 tax year.

President Obama’s “Making Work Pay” tax credits, and his American Recovery and Reinvestment Tax Act of 2009 (Public Law 111-5) have further reduced income tax burdens on Americans.

Because of his initiatives, more than half of all elderly households, families with children, and other Americans will pay no income tax this year. More than 75% of married couples and single heads of households with income between $30,000 – 40,000 will pay no income tax. And more than 90% of all households with children will have no tax liability this year.

The Tax Policy Center estimated President Obama’s policies significantly lowered the tax burden on average Americans, …Continue…

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