Tax Lawyer's Blog

Maryland should change it’s state motto from Fatti Maschii Parole Femine ¹ to “we hate rich people, please don’t leave.”
The Wall Street Journal reports in an op-ed titled Maryland’s Mobile Millionaires that soaking the rich, instead of creating revenue for states, actually loses revenue (emphasis added):
We reported in May that after passing a millionaire surtax nearly [...]

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President Obama’s healthcare plan raises the 1.45% Medicare payroll tax to 2.35% for families with more than $250,000 of earned income.�
Spread-the-wealther Timothy Noah of Slate wonders why Republicans aren’t making a bigger stink about this tax increase:
Maybe the recession has made solicitude on the part of the rich less plausible to the electorate. Maybe squawking too [...]

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Kevin Kilduff has been stopped by the IRS from making a living for two years because he filed a few tax returns late, but real tax scofflaws get to keep their federal jobs.�
From Justin Higginbottom of Tax Policy Blog:
From Politico:
Chaffetz will introduce legislation Thursday that would allow Hill offices to get rid of the hundreds of Senate and House staffers who [...]

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Andrew Taylor of the Associated Press reports:
Despite doubts among many lawmakers that it’ll create many jobs, the House on Thursday passed legislation giving companies that hire the jobless a temporary payroll tax break. The measure passed 217-201 on a mostly party-line vote. The bill also extends federal highway programs through the end of the year.
Some [...]

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The Associated Press reports that Pete Stark (D-CA) has been removed as temporary chairman of the House Ways & Means Committee after serving just one day:
Rep. Sander Levin of Michigan was chosen Thursday as acting chairman of the tax-writing House Ways and Means Committee, a post that plays a major role in health care and billions [...]

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This guy makes me ashamed my name is Pete.
Fortney Pete Stark (D-CA) is the new Chairman of the House Ways & Means Committee and in one fell swoop has become one of the most powerful men in Congress. If you are queasy about this prospect, ponder these Starkisms. They’ll send you straight to the vomitorium:
Stark slanders a sitting President of the United States [...]

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Joe Kristan tells us that at least 600 Congressional staffers are delinquent in their taxes:
And that doesn’t even count the Congresscritters.

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Walter Alarkon of The Hill reports that House Majority leader Steny Hoyer (D-Md) says that the U.S. must increases taxes to curb the deficit:
Tax increases may be necessary to rein in $12 trillion in federal debt, House Majority Leader Steny Hoyer (D-Md.) said Monday.
“No one likes raising revenue, and understandably so,” Hoyer said in an address [...]

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Senator Jim Bunning (R-KY) has struck a deal with Majority Leader Harry Reid (D-NV) to stop his filibuster of the Senate jobs bill:
Bunning  has accepted a deal to drop his one-man filibuster of a bill that would extend expiring unemployment benefits for hundreds of thousands of people.
Reid’s office has confirmed to TPMDC that Bunning accepted the deal, but declined to provide [...]

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Just in from NBC News/NY report:
Harlem Democrat Charles Rangel now says he will step down as chairman of the powerful House Ways and Means Committee, NBC News has learned.
He may make the move as early as tonight and Michigan Democratic Rep Sander Levin will temporarily take over the committee.
Some details still need to be ironed out, but [...]

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