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"I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them." - Thomas Jefferson
Showing posts with label taxes. Show all posts
Showing posts with label taxes. Show all posts

Monday, November 16, 2009

Wising Up America?


The government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.
-Ronald Reagan




Maybe, just maybe the citizens are wising up to the Socialization of America? With the devil in the details, people aren't real keen on the current healthcare debacle.


From AP no doubt!

Friday, July 31, 2009

$100M Here....$100M There....

Something about this article from the WSJ just got my blood boiling. While it is easy to make fun of .0006% cost savings as compared to the overall deficit and make political hay, let’s look at a deeper, more fundamental issue.

If the (now-fired) CNN reporter wants to know why Americans turned out at TEAParties, then this story is a good reason why. While I applaud Pres. Obama for asking for these savings, how easy was it for these departments to find these savings? My guess…VERY easy. (My wife could have found $100 billion!) This story, if handled properly and repeated often, can be used as prime example why the Federal government cannot and should not be given anymore responsibility over our lives and dollars. Add these examples on top of the ridiculous earmarks for turtle crossings and pig fart studies and the American voter should be DISGUSTED with their government and be ASHAMED for the apathy for letting this happen.

Voters in MA. – Aren’t you ashamed of Frank, Kerry, Kennedy?
Voters in NV. – Aren’t you ashamed of Reid?
Voters in PA – Aren’t you ashamed of Spector, Murtha?
Voters in CA – Aren’t you just ashamed?

How easy it was for Washington to vilify Wall Street and the “greed” of investment bankers. How easy to point out the lavish lifestyles of executives whose companies received your “hard-earned tax dollars” and tell you that they are only interested in Main Street. To those hypocritical bastards…STFU!

It’s you I despise and detest! Wall Street is only doing what it knows how to do….make money, create wealth. You sanctimonious SOBs have violated the PUBLIC TRUST. If the EPA won’t declare the District of Columbia a toxic waste dump, then its left up to us, the voters, to clean it up in 14 months.

Shame on us…my fellow Americans…shame on us.

Monday, July 20, 2009

Healthcare Debate – “Read My Lips”

Then candidate Obama made it a cornerstone of his campaign that people making under $250,000 per year (95% of Americans) would not see a “tax increase”. He would raise taxes on those “lucky” (his term) 5% that “benefitted” unfairly during the Bush years. Now with the healthcare debate raging, his promise to “tax the rich” is coming true.

Not only do he and the Dems plan letting the Bush tax cuts expire, but now they want to add a “surtax” to this “lucky” group in order to pay for nationalized healthcare. Unfortunately, most uninformed Americans look at this and say “about time!”…”tax the rich!”…”not going to effect me!” and go back to watching Jerry Springer or Entertainment Tonight.

However, the truth is far different. Many of the “lucky” 5% are small businesses that provide 90% of all new job creation. The Tax Foundation paints a far different picture of what the Democrats are up to. While the explanation may be somewhat complicated, it breaks down into simply this:

Businesses DO NOT pay taxes! – Tax is looked at as an expense. Increase expenses in business are dealt with in one of three ways:
a) To cover increases, prices must go up.
b) Other expenses cut (personnel, capital projects, etc.)
c) Reduce profits

A) If prices go up for the goods or service the business provides, is this not an unforced “tax” on the consumer?

B) Cutting other expenses – In most businesses (especially small business), the major expense is in personnel costs. Therefore, the area to make the most impact is to cut personnel expenses and/or benefits. The next option is to drop or delay capital projects or expansion. This means putting off a “shovel ready” project and potential employment.

C) Lastly, the business can choose to reduce profits. Yet, in today’s economy, profits are already being squeezed and the lifeblood of any business is cash profits. Without enough cash on hand, businesses can’t meet payroll, pay vendors, etc. and faces bankruptcy.

All 3 scenerios are hurtful to the economy, employment, and the long-term viability of the country. This “spread the wealth around” sounds good to those who are “less fortunate”, but is disasterous to the economy. Therefore, when it comes to the economy, the Democrats are either bumbling fools or smart enough to know they can play on the economic simplicity of the masses. My guess is the latter.

Wake Up Fools! Tax increases are coming for everybody, not just the “lucky”.

Tuesday, April 14, 2009

Taxes - What Are They Good For?


Senator Tom Daschle’s take on tax cheaters in 1998:
“Make no mistake. Tax cheaters cheat us all. The IRS should enforce our laws to the letter.”
I wonder if former senator Tom Daschle feels that way today….

WOW…just finished my taxes. 48 pages of Federal tax returns for itemizing deductions and having a little investment property that I can’t seem to sell! HELP!

However, I feel proud of myself because I just accomplished what Tim Geitner, Tom Daschle, Charlie Rangel, and a host of other Federal Government officials and Presidential appointees can’t figure out or failed to do.

Just my luck, over qualified for high paying job in the public sector, under qualified for high paying job in the private sector!

If this wasn’t so sad or so important, this would be laughable. Unfortunately, it is not…
The hard-working, law abiding, tax paying citizens must stand up and be heard! A good start:

1) Find your local Tea Party tomorrow and attend.
2) Write your Congressman, Senator, the President and let them know how you feel.
3) Stay involved, talk to others

It is bad enough that Washington is wasting your tax dollars, but worse that they are wasting your children’s and grandchildren’s tax dollars!

This is not the America that was handed to us by our forefathers and our parents. Don’t let it be the America that we hand down to future generations.