Showing posts with label Taxes. Show all posts
Showing posts with label Taxes. Show all posts
Tuesday, September 27, 2011
Thursday, June 9, 2011
Friday, May 20, 2011
Banking—$5 Fees May Be Coming to an ATM Near You - CNBC
We pay for it all...even access to our own money. The joke is on us... Can this be considered another tax?
Banking—$5 Fees May Be Coming to an ATM Near You - CNBC
Banking—$5 Fees May Be Coming to an ATM Near You - CNBC
Monday, April 18, 2011
Super rich see federal taxes drop dramatically
"Mission Accomplished"....The secret is that the truly wealthy individuals pay very little taxes, while the "middle class" pay most of the tax burden in America in an effort to phase them amount to join the ranks of the "poor". This is the Marxist goal of creating the elite class which is inextricably tied to the government ruling class with corporatism alliances with government (bailout anyone?).
The next time we buy the "rich need to pay their share", remember that the truly wealthy are not included in that snare. Most of their wealth is in "assets", not "income" (its called INCOME TAX after all). Small businesses will take the biggest hit, while large corporations are exempt or can absorb any increased regulation costs. More and more regulation is passed to put the squeeze on small businesses with increased regulation and oversight, which puts a small business owner into a sea of paperwork and need to hire paper pushers or spend more of their time filling out the forms themselves.
Article here
The next time we buy the "rich need to pay their share", remember that the truly wealthy are not included in that snare. Most of their wealth is in "assets", not "income" (its called INCOME TAX after all). Small businesses will take the biggest hit, while large corporations are exempt or can absorb any increased regulation costs. More and more regulation is passed to put the squeeze on small businesses with increased regulation and oversight, which puts a small business owner into a sea of paperwork and need to hire paper pushers or spend more of their time filling out the forms themselves.
Article here
Friday, April 1, 2011
We've Become a Nation of Takers, Not Makers
By STEPHEN MOORE
If you want to understand better why so many states—from New York to Wisconsin to California—are teetering on the brink of bankruptcy, consider this depressing statistic: Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). This is an almost exact reversal of the situation in 1960, when there were 15 million workers in manufacturing and 8.7 million collecting a paycheck from the government.
It gets worse. More Americans work for the government than work in construction, farming, fishing, forestry, manufacturing, mining and utilities combined. We have moved decisively from a nation of makers to a nation of takers. Nearly half of the $2.2 trillion cost of state and local governments is the $1 trillion-a-year tab for pay and benefits of state and local employees. Is it any wonder that so many states and cities cannot pay their bills?
Full WSJ Article Here
If you want to understand better why so many states—from New York to Wisconsin to California—are teetering on the brink of bankruptcy, consider this depressing statistic: Today in America there are nearly twice as many people working for the government (22.5 million) than in all of manufacturing (11.5 million). This is an almost exact reversal of the situation in 1960, when there were 15 million workers in manufacturing and 8.7 million collecting a paycheck from the government.
It gets worse. More Americans work for the government than work in construction, farming, fishing, forestry, manufacturing, mining and utilities combined. We have moved decisively from a nation of makers to a nation of takers. Nearly half of the $2.2 trillion cost of state and local governments is the $1 trillion-a-year tab for pay and benefits of state and local employees. Is it any wonder that so many states and cities cannot pay their bills?
Full WSJ Article Here
Shah: GOP budget would kill 70,000 children | The Cable
How many children killed by bombs in Libya, drone attacks in Pakistan, and the wars in Afghanistan and Iraq? Shah: GOP budget would kill 70,000 children The Cable
Foreign Banks Take Most Money From Federal Reserve
Hmmm. Private banking syndicate pillages via is own scheming system and the American taxpayer gets the bill. All of this done in SECRECY. Where's the outrage?
Article Here
Article Here
Wednesday, March 30, 2011
Wednesday, February 9, 2011
Taxpayer Watchdog: Obama's Claim He Did Not Raise Taxes 'Blatantly False'
President Obama’s assertion on Sunday that he “didn’t raise taxes once” is “blatantly false,” a taxpayer watchdog group says. Obama made the claim in his pre-Super Bowl interview with Fox News host Bill O’Reilly.
According to Americans for Tax Reform (ATR), President Obama has signed into law at least two dozen tax increases. The first one – a federal tobacco tax hike – came just 16 days into his presidency.
ATR says the $1 trillion health care overhaul alone added numerous taxes, including the individual mandate that requires most Americans to purchase health insurance or else pay a fine.
During Sunday’s interview, Bill O’Reilly asked Obama if he is “a man who wants to redistribute wealth,” as The Wall Street Journal has described him. The president denied it, again saying, “I didn't raise taxes once; I lowered taxes over the last two years.”
Responding on Monday, ATR said Obama’s claim of being a net-tax-cutter “rests on the temporary tax relief he has signed into law. “That tax increases Obama has signed into law have invariably been permanent. In fact, Obama signed into law $7 in permanent tax hikes for every $1 in permanent tax cuts,” ATR said.
“Over 90 percent of the dollar value of the tax cuts Obama signed into law are only temporary,” said ATR. “100 percent of the tax increases Obama signed into law are, however, permanent … Permanent changes to tax law signed by Obama amount to a net tax hike of $618.7 billion.”
Article here: Taxpayer Watchdog: Obama's Claim He Did Not Raise Taxes 'Blatantly False'
According to Americans for Tax Reform (ATR), President Obama has signed into law at least two dozen tax increases. The first one – a federal tobacco tax hike – came just 16 days into his presidency.
ATR says the $1 trillion health care overhaul alone added numerous taxes, including the individual mandate that requires most Americans to purchase health insurance or else pay a fine.
During Sunday’s interview, Bill O’Reilly asked Obama if he is “a man who wants to redistribute wealth,” as The Wall Street Journal has described him. The president denied it, again saying, “I didn't raise taxes once; I lowered taxes over the last two years.”
Responding on Monday, ATR said Obama’s claim of being a net-tax-cutter “rests on the temporary tax relief he has signed into law. “That tax increases Obama has signed into law have invariably been permanent. In fact, Obama signed into law $7 in permanent tax hikes for every $1 in permanent tax cuts,” ATR said.
“Over 90 percent of the dollar value of the tax cuts Obama signed into law are only temporary,” said ATR. “100 percent of the tax increases Obama signed into law are, however, permanent … Permanent changes to tax law signed by Obama amount to a net tax hike of $618.7 billion.”
Article here: Taxpayer Watchdog: Obama's Claim He Did Not Raise Taxes 'Blatantly False'
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