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The Real Tax Cheats

I’ve read a lot of news about the IRS tending to audit middle and low-income households more than high-income ones. It only makes sense since the rich have connections and can get by somehow. But recently, the State of California (yeah, the one with the huge deficit and failing government) had its Franchise Tax Board publish a list of the top 250 delinquent taxpayers. The first on the list is the founder of CNET, Halsey Minor, who owes over $13 million. By doing a quick calculation, the list seems to add up to over $150 million which is a significant amount of money.

I’d like to see the IRS do something like this. It’d be interesting to see who the biggest federal tax cheats are.

Altruistic Millionaires

This is the news the mainstream media needs to cover: Some millionaires lobby for higher taxes.

Instead we get coverage of extremist/fringe groups (i.e. Tea Party) who are “mad as hell, and…not going to take it anymore!” but really have no idea what they’re angry about. The US needs more people who are altruistic and giving instead of those who want to complain and criticize everything going wrong with the country. The Bush tax cuts need to run its course and end otherwise this country is really in trouble. And it’s nice to see that the top of the income ladder is complaining about the already low taxes they pay.

The Net is Losing Neutrality

Today, the DC Court of Appeals handed corporate America a victory for deciding what content it can filter on the internet. In Comcast Corporation v. FCC, the Court ruled 3 – 0 that the Federal Communications Commission (FCC) did not have the authority to require Comcast to treat all internet traffic equally. This decision effectively means that all broadband providers (Verizon, ATT, Comcast, etc) can filter what they deem to be bandwidth-hogs and charge rates based on their tiered internet packages.

This is not a good sign for the future of the internet.

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