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Author Archives: Russ
Are The Democrats Deaf and Blind?
See no evil, hear no evil, speak no evil is how one cliche goes. Well, in Sacramento it can be changed to don’t cut programs, increase taxes, and who cares what the voters, the Governor, or the Republicans say. Democrats … Continue reading
Posted in California
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California Democrats to Voters: We Don’t Care What You Think
The headline says it all. Democrats in the state legislature are telling California voters that it doesn’t matter that you turned down the budget initiatives last May, we know better and the solution must include tax increases. That’s the only … Continue reading
Posted in California
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Same Old Song and Dance
Today is June 16th. The California budget still hasn’t passed. Of course, this isn’t a surprise. Democrats in the Legislature are looking at tax increases. Specifically, an oil extraction tax and an increase in the tobacco tax. Wait, Russ, wasn’t … Continue reading
Posted in California
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2nd Quarter Estimated Taxes / Out of Country Deadline
Today (Monday) marks two deadlines. Second quarter estimated payments must be made by today in order to be considered timely. Additionally, taxpayers who were out of the country on April 15th have until today, June 15th, to either file their … Continue reading
Posted in IRS, Taxable Talk
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All Talk and No Actions
The California budget fiasco continues. In theory, the state must have a new budget in place by June 15th—tomorrow—in order for short-term loans to be taken out in July. There’s no chance of that. It’s not that Democrats and Republicans … Continue reading
Posted in California
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Aloha Gamblers!
Hawaii is a beautiful place. It’s hard for me to think of a more beautiful or relaxing place for a vacation. Residents of the Aloha State aren’t likely to be gamblers. Hawaii prohibits all forms of gambling. Of course, if … Continue reading
California’s Other $17.8 Billion Deficit
California currently has a $24 billion budget deficit. Would you be surprised to learn that there’s another $17.8 billion budget deficit on top of the current budget fiasco? It’s true. California has had a major problem with the funding of … Continue reading
Posted in California, Payroll Taxes
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Ballmer: Obama Plan Would Lead to Jobs Moving Overseas
The Obama Administration has announced plans to increase taxes on American businesses with foreign operations. Generally, taxes would increase on these firms’ foreign profits. So assume you’re the CEO of such a firm. Well, if we move American employees overseas … Continue reading
Posted in Legislation
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Big Tax Increases Coming?
The Obama Administration has set a record on spending. Somehow they have had the belief that they wouldn’t have to increase taxes to pay for the spending. All along I’ve said that’s nonsense. It appears that everyone except the current … Continue reading
Posted in Legislation
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For Those Who Subscribe Via an RSS Feed
Taxable Talk will be moving to a new host in the next couple of weeks. I plan on doing the move over this weekend but it could be pushed back to June 16th. In either case, when the move does … Continue reading
Posted in Taxable Talk
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