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2004 US Presidential Election
August 15, 2003
CA Recall | Huffington Receives Flack Over Taxes
She apparently did nothing illegal, but in the California's version of the Greatest Show on Earth, that doesn't seem to matter. From a Chicago Tribune article this morning: TV commentator and author Arianna Huffington, who launched her campaign for California governor with criticism of "fat cats" who fail to shoulder a fair share of taxes, paid no individual state income tax and just $771 in federal taxes during the last two years, her tax returns show.Given that it's common knowledge that Huffington is not blue collar, I am not sure there is a story here. Yet, it might be a sign of the mud-slinging to come between the higher profile candidates. Posted by Mike Van Winkle at August 15, 2003 10:40 AM | TrackBack Comments
what? how do you have that expensive of a house and not have to pay taxes? Posted by: gijoe at August 15, 2003 01:34 PM Christabella Inc loses money, and Arianna, as owner, can write that off of her income. Of course, it’s possible (I’d imagine this is a loophole that was closed long, long ago) that she’s also an employee of Christabella Inc, which means that her salary goes straight to Christabella’s bottom line. Imagine, if you will, that before paying Arianna, Christabella breaks perfectly even. No profit, no loss. Now Arianna writes a $1 million dollar check to herself. This is her salary. She lives on it. But because Christabella as a whole has lost $1 million dollars (that is, her salary is above their revenue), she technically has no income. Her salary’s $1 million, but her company lost $1 million. Sneaky, eh? Of course, the real question is where she gets the $1 million in the first place, and that’s where accounting tricks really get interesting. Posted by: TBox at August 15, 2003 01:57 PM Arianna would have to pay taxes on her salary, if she paid herself $1 million. I think she manages to lose money by writing off rent on her home office — if she uses 10 percent of her $7 million house for business, the rent will be sky-high — and by charging all her entertainment and travel to her corporation. She also has legitimate staff expenses, but that won’t get her anywhere near the $410,000 in expenses she claimed. Since her campaign is giving her publicity, thereby helping her book sales, she could write it off as a business expense. It’s as legit as writing off all her parties. She gets a huge child support check for the two kids, which she doesn’t have to declare as taxable income. Posted by: Joanne Jacobs at August 15, 2003 03:20 PM Seems like she’s the poster child for tax reform. We don’t need to close loopholes, we need to get rid of the loops. Posted by: Anon at August 15, 2003 03:29 PM check out Arianna’s side of the story: http://www.ariannaforgov.com/article.php?list=type&type=14 Posted by: lucky at August 16, 2003 06:12 PM Why not sunset the federal income tax and just set a national sales tax? Then Huffington would get knicked when she bought her $7 million spread. She can make whatever she wants to make and it’s none of the government’s business, but once she wants to buy something - BOOM. This is the way to go, discourage spending, encourage investment and earnings. Leave what you want to your children. Everyone shares equally in the burden of supporting government because people have to buy things (food & drugs excepted). Poor people buy fewer things and would therefore pay less tax (won’t Al be happy!). EVIL RICH PEOPLE would have to pay for their government with every Porsche purchase. Plus people would be reminded of the horrendous burden of supporting a government 50 times larger than it needs to be every time they buy a shirt. No more loopholes, no more deception. Ditch the present tax system and start over. Oh, and here’s another novel idea, the federal budget is whatever they collected LAST YEAR. Not a penny more. It’s time the feds learned to live within their means instead of spending their great-grandkids’ money. Privatize SS, go back to individual-owned medical insurance, get the government out of every facet of our life. Think how disappointed Hillary would be. Posted by: torpedo_eight at August 16, 2003 11:02 PM Torpedo, Your idea is awesome but it would hurt the feelings of poor, Sergie Federov. How on earth will he ever continue his Ferrari Collection? rofl. Posted by: Jeff MacMillan at August 17, 2003 11:15 AM Yes, poor Sergie. What I like about this is the fact that even the poor will have to pay SOMETHING. You can’t run a nation with one group paying for everything the other group gets. Taxing the poor will get their attention and make them less likely to vote for gravy train socialists who want to ensure they get everything for free (i.e. from the pockets of the middle class). Taxing the poor blind is a terrible idea? Yes. Taxing everyone blind is a terrible idea, period - pass it on. Posted by: torpedo_eight at August 17, 2003 02:51 PM T-8 - Taxation - Is there no end in SIGHT? Justice must not only be done, it must be SEEN to be done. Can you work with THAT? LOL. Posted by: Cap'n SPIN at August 18, 2003 09:24 PM Wait a minute. Isn’t justice blind? Or maybe time is money, yeah that’s the ticket. Now I’m all confused. Posted by: Lovie Howell at August 19, 2003 01:02 AM Imagine the earthquake created by the accounting and legal industries if we went to a flat tax, or a simple tax plan……………they ain’t about to change it. Posted by: Jeff B at August 28, 2003 12:13 AM Cheap Airline Tickets Posted by: Cheap Web Hosting at November 14, 2003 12:02 PM sonnerie -sonnerie portable - sonnerie gratuite - composer sonnerie - composer une sonnerie - sonnerie pour portable - sonnerie polyphonique - logo et sonnerie - sonnerie et logo - logo sonnerie - sonnerie logo - sonnerie nokia - sonnerie pour nokia - sonnerie mobile - sonnerie pour mobile - sonnerie a composer - sonnerie telephone - sonnerie portable gratuite - composition sonnerie - sonnerie sagem - sonnerie gsm - compositeur sonnerie - telecharger sonnerie - sonnerie alcatel - sonnerie samsung - sonnerie gratuit - sonnerie pour telephone portable - sonnerie motorola - telechargement sonnerie Anniversaire sonnerie pour nokia - sonnerie mobile - sonnerie pour mobile - sonnerie a composer - sonnerie telephone - sonnerie portable gratuite - composition sonnerie - sonnerie sagem - sonnerie gsm - compositeur sonnerie - telecharger sonnerie - sonnerie alcatel - sonnerie samsung - sonnerie gratuit - sonnerie pour telephone portable - sonnerie motorola - telechargement sonnerie Anniversaire telecharger sonnerie - sonnerie alcatel - sonnerie samsung - sonnerie gratuit - sonnerie pour telephone portable - sonnerie digitalsonnerie petites annonces telephone nice people blog informatique sonnerie portable aquariophilie eheim osmoseur terrarium eau de mer aquarium sonnerie - Free Ringtones - sonnerie téléphone - Loghi e suoneria - sonnerie telephone portable - telecharger sonnerie telephone - sonneries gsm gratuites - beltoon - suonerie cellulari - polyfoniske ringetoner - Soittoäänet - ringtone australia - toques para cellular - polyfoniska ringsignaler - handy klingeltoene - mobile phone ringtone - nokia ringtone - polyphonic ringtones - free polyphonic ringtone - panasonic ringtone - gratis klingeltoene - klingeltoene kostenlos - gratis klingelton - logos portables Posted by: ali at November 14, 2003 02:52 PM sonnerie -sonnerie portable - sonnerie gratuite - composer sonnerie - composer une sonnerie - sonnerie pour portable - sonnerie polyphonique - logo et sonnerie - sonnerie et logo - logo sonnerie - sonnerie logo - sonnerie nokia - sonnerie pour nokia - sonnerie mobile - sonnerie pour mobile - sonnerie a composer - sonnerie telephone - sonnerie portable gratuite - composition sonnerie - sonnerie sagem - sonnerie gsm - compositeur sonnerie - telecharger sonnerie - sonnerie alcatel - sonnerie samsung - sonnerie gratuit - sonnerie pour telephone portable - sonnerie motorola - telechargement sonnerie Anniversaire sonnerie pour nokia - sonnerie mobile - sonnerie pour mobile - sonnerie a composer - sonnerie telephone - sonnerie portable gratuite - composition sonnerie - sonnerie sagem - sonnerie gsm - compositeur sonnerie - telecharger sonnerie - sonnerie alcatel - sonnerie samsung - sonnerie gratuit - sonnerie pour telephone portable - sonnerie motorola - telechargement sonnerie Anniversaire telecharger sonnerie - sonnerie alcatel - sonnerie samsung - sonnerie gratuit - sonnerie pour telephone portable - sonnerie digitalsonnerie petites annonces telephone nice people blog informatique sonnerie portable aquariophilie eheim osmoseur terrarium eau de mer aquarium samsung sonneries sagem sonneries polyphoniques logos sonneries sonneries portables sonneries nokia sonneries motorola sonneries alcatel sonneries gratuites Klingeltöne Klingeltönes ringtones ringtone popstars sonnerie suisse sonneries suisse sonneries noel cadeaux noel pére noel Posted by: ali at November 15, 2003 05:39 AM What is a Pocket Bike? Pocket Bikes are designed in class and style of a mini-motorcycle? Its well-built aluminum frame gives it a sleek look of a racing style bike. Top speeds range from between 34-45 mph, depending on the weight and height of the rider. Pocket Bikes are fully equipped with either a 49cc or a 47cc two stroke engine with a centrifugal clutch. Pocket Bikes comes with front and rear disc brakes. Pocket bikes Pocket bikes Posted by: Pocket Bikes at June 20, 2004 05:29 PM Post a comment
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