Word: taxed
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Paper-money currencies, like BerkShares or the Lewes or Totnes Pound, slip fairly seamlessly into the national economy; their use is taxed like ordinary money. More abstract exchanges are a bit more complicated to deal with. But the tax concern is not insurmountable. "If you use local currency for your main income-generating activity, you must pay income tax," says Hensch, who consults in complementary currencies. Likewise, if you have a business, you'll pay sales tax on any local currency - in New Zealand, that would be Green Dollars, part of LETS - you bring in. But if you trade...
...that “by the time people voted, [the war] wasn’t the issue that I think was driving their vote. I think the economy was driving their vote, and I would argue that the biggest Faustian bargain McCain made was switching his position on the tax cuts...
...Iraq, an adventure that American voters soured on years ago. Axelrod chimed in to disagree. "There is no doubt that the war was a complicated issue," he said before adding, "I would argue that the biggest Faustian bargain McCain made was switching his position on the [2001 and 2003] tax cuts ... He essentially tied himself to the Bush economic nostrums...
Then in 2002, Blagojevich ran for the governorship, casting himself as a populist, tax-cutting antidote to Illinois' long tradition of corrupt politics. Indeed, the previous governor, George Ryan, had been fighting that reputation and in 2003 was charged with and later convicted of corruption. Blagojevich had a striking public image to go with his reformist politics. Short and fit, with a shock of dark brown feathered hair, he wore sharply cut suits that some of his admirers said looked pulled out of GQ. He also had his father-in-law's help with strategy, and he became the first...
...would-be allies. If anything got passed, says Duffett, legislators "knew the governor would get credit for it." There was also the misguided audacity of his political tactics. He tried to fund his health-care plan, for example, in a budget that included one of the largest proposed tax increases in Illinois history. He lost that battle in humiliating fashion, garnering not a single vote in the state house of representatives. His attempts to privatize Illinois' downtown office property failed miserably as well...