Saturday, October 04, 2008

McCain's Tax Returns Hide Gambling

Huffington Post
Martha Miller
Posted October 3, 2008 | 05:17 PM (EST)


I am a tax attorney, so a tax return means more to me than it would to most. I reviewed McCain's tax returns as a basic check on the candidates. You can look at McCain's 2006 and 2007 tax returns for yourself. The tax returns are below a lot of verbiage about his charitable activities.

According to a New York Times article of September 27, 2008 "For McCain and Team, a Host of Ties to Gambling," reported by Jo Becker and Don VanNatta Jr., McCain gambled at the MGM Grand in May 2007.

Apparently McCain is a habitual gambler; he usually plays craps. He even says, "I am a gambling man."

Gambling has tax implications. According to IRS Publication 17, "Your Federal Income Tax", 2007 edition, page 89 "Gambling Winnings. You must include your gambling winnings in income on Form 1040, line 21. If you itemize your deductions on Schedule A (Form 1040), you can deduct gambling losses you had during the year, but only up to the amount of your winnings." In other words, you can't subtract your losses from your winnings and just not report. You have to report the winnings, and then claim the losses.

But McCain's tax returns say nothing about gambling winnings or losses.

As a casino gambler, McCain is likely to have lost more than he won. But by not reporting his winnings, the different percentage calculations built into the tax calculation are thrown off, and if he gambled much at all, he has underpaid his tax. The amount of understatement of tax may be minimal, but that's not the point.

The real purpose of preparing his tax return and omitting the gambling winnings is so that people would not know how much he gambled. If he won $200,000 playing craps in Las Vegas, it would make a difference in the way voters viewed his suitability as a presidential candidate.

There are circumstances under which the tax returns could be correct, such as McCain gambled once in 2007, not at all in 2006, and lost everything the one time he gambled. Such an explanation is unlikely in light of McCain's alleged long history of gambling.

I think we are looking at tax returns calculated to hide an aspect of the candidate. My 35 years of experience in taxes tells me these tax returns are wrong, and we do not know the true scope of McCain's gambling or of his potential obligations to gambling enterprises.

Palin Didn\'t Pay Taxes on Per Diem Pay | Drudge Retort

Palin Didn't Pay Taxes on Per Diem Pay | Drudge Retort

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Saturday, September 27, 2008

All About Proposition 8

So what does the actual ballot measure facing Californian voters on November 4th say? Well, we happen to have a copy right here:

ELIMINATES RIGHT OF SAME-SEX COUPLES TO MARRY. INITIATIVE CONSTITUTIONAL AMENDMENT: Changes the California Constitution to eliminate the right of same-sex couples to marry in California. Provides that only marriage between a man and a woman is valid or recognized in California. Fiscal Impact: Over next few years, potential revenue loss, mainly sales taxes, totaling in the several tens of millions of dollars, to state and local governments. In the long run, likely little fiscal impact on state and local governments.

As we've said before■, the most persuasive argument in support of gay marriage has to do with money. Married couples with children contribute more economically than unmarried individuals. Just think of all the lavish accouterments for a wedding and child rearing alone and you'll understand the millions businesses stand to gain through the pink dollar. Furthermore, lots of businesses see partner benefits as a good way to utilize a growing gay and lesbian workforce. The Valley Industry and Commerce Association (VICA), a conservative business organization in California, supports gay marriage citing potential revenue and streamlined benefits paperwork as perks. Their outlook mirrors that of 14 U.S. states who currently extend partner benefits to state employees in same-sex relationships. Doing so ensures that qualified gay workers stay invested in a company long term rather than leaving for better equity.

Whether it's medicinal marijuana or gay marriage, the third largest state in the U.S. has always been a political bellwether—if gay marriage catches on there, its effects will surely be felt internationally. For one, other U.S. states will be dragged into the legal fight as gay couples who wed in California will be able to litigate for the same benefits in other states. This won't just be a fight for work or tax benefits, but parental, custody, medical, and legal battles that involve larger civil issues. Second, the legitimacy of gay couples will increase homosexual visibility in media, meaning a proliferation of gay-targeted services and advertising. This, in turn, will increase funding, social services, and employment opportunities for the gay community. These market and media trends would no doubt trickle-down into other countries through U.S. markets, compelling other countries to attract gay tourists, workers, and students by augmenting their gay services and protections. In short, a victory for gay marriage in California would go a long way to improving homosexual relations worldwide.


Here's CNN assessment of the rise of LGBT characters on television this season, with some soundbites from GLAAD's Neil Giuliano and the Family Research Council's Peter Spriggs, who of course says it's all part of the gay propaganda agenda. CNN's conclusion: "Things are changing in the right direction." [From Joe. My. God.]

The support of big name celebrities, businesses, and religious organizations also reflects changing social attitudes in favor of gay marriage. A growing number of gay youth want l
ong-term relationships and kids, a recent study supports gay couples looking to adopt, and another from the Gay and Lesbian Alliance Against Defamation(GLAAD) reveals that the number of gay TV characters is at an all-time high(though not every gay is thrilled about that).

You may recall that
anti-gay union ballot measurements in 11 states may have helped Bush win by a slim margin in the 2004 U.S. elections. But many Americans have tired of homosexual marriage as a wedge issue for voters and are beginning to see the issue for exactly what it is—a non-issue drawing attention from more important domestic issues. Nonetheless, four states will see anti-gay ballot measures this November. One in Florida lacks the support the mayor of Miami and that of Republican governor, Charlie Crist, who "won't actively support" it. But have no doubt, Proposition 8 definitely has its supporters.

In an effort to make themselves more youth-friendly, California's anti-gay marriage activists have established a new site,
iProtect Marriage, a spin-off of the more staid Protect Marriage. Their arguments against gay-marriage are short-sighted to the point of being bigoted.

The website most organizing of support for Proposition 8 is
Protect Marriage, a website that has instructs local churches on how to raise money for Proposition 8 without violating separation of church and state IRS tax codes. In the U.S., churches aren't taxed because they're considered "community institutions" and in return, they're not supposed to preach politics from the pulpit, but they do anyway. In fact, some ministers have decided to outright defy the IRS by endorsing conservative candidates whose views reflect their own. Recently, the Bolthouse Farms angered gay consumers when the company founder, William Bolthouse Jr., donated $100,000 to the organization, Protect Marriage.Californians Against Hate called for a boycott of Bolthouse Farms. A similar boycott was waged against Hyatt hotel owner Doug Manchester for donating $125K to support Proposition 8.

But, the big money has come from out-of-state groups such as Connecticut-based Knights of Columbus ($1.275 million), a Catholic men's organization; the National Organization for Marriage ($921,000); Mississippi-based American Family Association ($500,000); and Colorado-based Focus on the Family ($414,000), whose chairman is James Dobson, the evangelical Christian whose syndicated radio show is heard by millions. Likewise, the Mormon church has also mobilized forces in support of Proposition 8. Cedar City, Utah resident Nadine Hansen, creator of
MormonsFor8.com thinks that probably 85 to 90 percent of the donors (to ProtectMarriage.com) are Mormon. ProtectMarriage.com. spokeswoman Jennifer Kerns acknowledged that a large number of the group's 25,000 volunteers, who spend weekends canvassing neighborhoods and making phone calls, are Mormon. About a third of donors backing Proposition 8 are Mormon, with their contributions reaching close to $5 million.



Amongst themselves, homosexuals quibble over whether "civil unions" are an acceptable alternative to "marriage." Civil unions refer to the bestowment of the tax and legal benefits normally given to straight married couples onto committed gay couples. However, some contend that civil unions are merely a
"separate but equal" political measure that renders gays as 2nd-class citizens (the same way American blacks were before the American Civil Rights Movement). But those who support civil unions see it as a satisfying start on the way to full-fledged political recognition and add that "marriage" is a religious term that requires the blessing of a church. The contention over "marriage" is precisely what fuels the fire of those against homosexual unions. Opponents of gay marriage say that religious scriptures explicitly forbid homosexuality as a sin and that civil unions are a slippery slope on the way to eventually forcing everyone to accept homosexuality.

One cannot deny that institutionalized homophobia insults gays as being unworthy of the same rights and benefits as heterosexuals. Such official governmental policies engenders antipathy that results in
gay bashings, negative depictions of gays in media, and exclusion from public school curriculum , that would educate gays and straights, potentially lower rising HIV rates, and stop alienating homosexuals that might otherwise live healthy, productive lives.

--
QC Weekender: All About Proposition 8

John McCain's Wrong

John McCain and Multi-Billion Dollar Bailouts - Keating 5

Back in the '90s McCain was at the center of a $500B bailout, now the Repubs are asking for $700B. I wonder when we'll find out who's involved in the illegalities surrounding the mortgage crisis now.

'Sexual Cleansing' Rampant in Iraq

'Sexual Cleansing' Rampant in Iraq: "Peter Tatchell: Islamist death squads in Iraq are engaged in a 'sexual cleansing' killing spree against gays with the active encouragement of leading Muslim clerics, such as Moqtada al-Sadr and Grand Ayatollah Ali al-Sistani."



(Via Drudge Retort.)

CIA: Osama Helped Bush in '04

CIA: Osama Helped Bush in '04: "On Oct. 29, 2004, just four days before the U.S. presidential election, al-Qaeda leader Osama Bin Laden released a videotape denouncing George W. Bush. Some Bush supporters quickly spun the diatribe as 'Osama's endorsement of John Kerry,' but behind the walls of the CIA, analysts had concluded the opposite: Bin Laden was trying to help Bush gain a second term."



(Via Drudge Retort.)