{"id":4814,"date":"2009-05-04T14:29:00","date_gmt":"2009-05-04T14:29:00","guid":{"rendered":"http:\/\/brianjnoggle.com\/blog\/?p=4814"},"modified":"2017-11-01T15:53:00","modified_gmt":"2017-11-01T20:53:00","slug":"in-some-bizarro-world-it-would-be-called-raising-taxes","status":"publish","type":"post","link":"https:\/\/brianjnoggle.com\/blog\/2009\/05\/04\/in-some-bizarro-world-it-would-be-called-raising-taxes\/","title":{"rendered":"In Some Bizarro World, It Would Be Called "Raising" Taxes"},"content":{"rendered":"

Obama to crack down on business taxes<\/a>:<\/p>\n

President Barack Obama plans changes to tax policy certain to be unpopular with corporations with international divisions and individuals who use tax havens.<\/p>\n

Obama’s two-part plan, which he is slated to unveil at the White House on Monday, also calls for 800 new federal tax agents to enforce the system.<\/p>\n

The president’s proposal would eliminate some tax deductions for companies that earn profits in countries with low tax rates<\/b>, as well as consider U.S. citizens who use tax havens in the Bahamas or Cayman Islands guilty of violating U.S. tax laws. <\/p><\/blockquote>\n

It’s going to raise $21 billion a year in revenue, minus unintended consequences.<\/p>\n

Or, to put it in perspective, 1\/100th of the new deficit spending the President and the Democrat-controlled Congress has incurred. Not counting forthcoming cap-and-trade plans and national health care bills. And all unintended consequences forthcoming.<\/p>\n

Full disclosure: This change will affect me because I am a capitalist Fat Cat who bought a couple hundred bucks’ worth of stock in a Taiwanese chipmaker, and I get to knock off the taxes I pay to the government of Taiwan. You know who else is a corporate Fat Cat in this scenario? Anyone with an International Fund selection in a mutual fund, 401(k), or retirement plan. You know, you.<\/i><\/p>\n

Candidate Obama promised not to raise taxes on families making less than $250,000 a year or whatever. President Obama, though, has a different scale for determining feline weight.<\/p>\n","protected":false},"excerpt":{"rendered":"

Obama to crack down on business taxes: President Barack Obama plans changes to tax policy certain to be unpopular with corporations with international divisions and individuals who use tax havens. Obama’s two-part plan, which he is slated to unveil at the White House on Monday, also calls for 800 new federal tax agents to enforce […]<\/p>\n","protected":false},"author":3334,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[29],"tags":[],"class_list":["post-4814","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/posts\/4814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/users\/3334"}],"replies":[{"embeddable":true,"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/comments?post=4814"}],"version-history":[{"count":1,"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/posts\/4814\/revisions"}],"predecessor-version":[{"id":17073,"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/posts\/4814\/revisions\/17073"}],"wp:attachment":[{"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/media?parent=4814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/categories?post=4814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brianjnoggle.com\/blog\/wp-json\/wp\/v2\/tags?post=4814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}