Tag Archives: Tax

As Global Debt Soars, Where’s The Big Recovery?

Around the world, a surge in debt has fueled higher government spending. But that hasn't brought a lasting, sustained rebound in the economy. Adding $30 trillion in debt with no growth to show for it only demonstrates the bankruptcy of Keynesian tax-and-spend policies...

Fiscal Folly: A new study says governments around the world boosted their debts by more than 40% to over $100 trillion in response to the global financial crisis. Where's the promised recovery from all that spending?

From mid-2007 to last summer, the world added $30 trillion in government debt to its balance sheets, the Bank for International Settlements says. By comparison, that's twice the size of the $15 trillion U.S. economy.

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You can run, but you can’t hide! Gym memberships add Obamacare tax

Some people who are members of the health club Planet Fitness are finding their membership costs have gone up because of the Affordable Health Care Act.

A sign posted at a Falls Church, Va. location says "Holders of Black Card memberships will be required to pay a tax on these memberships Starting January 1, 2014 as required by the implementation of provisions of the Affordable Health Care Act.  This is not a change in your membership fee but rather a tax required by the government."...

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The 0.9% Obamacare Surtax Is Coming…

It’s hard to keep all the new Obamacare taxes straight, but there’s one that some couples won’t see until they file their 2013 taxes next April, and bizarrely it could mean a surprise tax bill or a refund. It’s the 0.9% Medicare surtax on wages and self-employment income (not to be confused with the separate new 3.8% net investment tax on capital gains, dividends and passive income)...

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