Taxes
12/29/09 Harry Reid thinks paying taxes is "voluntary"...Comprehensive List of All Tax Hikes in House Government Health Bill10/30/09 Employer Mandate Excise Tax (Page 275): If an employer does not pay 72.5 percent of a single employee’s health premium (65 percent of a family employee), the employer must pay an excise tax equal to 8 percent of average wages. Small employers (measured by payroll size) have smaller payroll tax rates of 0 percent (<$500,000), 2 percent ($500,000-$585,000), 4 percent ($585,000-$670,000), and 6 percent ($670,000-$750,000)... More |
From The "Having Your Cake and Eating It Too" Department10/23/09 It never ceases to amaze me how our elected representatives can rationalize away even the most blinding glimpses of idiotic economic logic. Case in point occurs in a story reported in the St. Paul Pioneer Press this week titled "A rare condition in Minnesota - a bipartisan agreement. [Click here]" What caused this miracle of cooperation? -- the move by the Senate Democrats to approve a $40 billion fee on medical device makers over the next ten years... More |