Showing posts with label Taxes. Show all posts
Showing posts with label Taxes. Show all posts

Thursday, October 30, 2008

Tax Breaks at $250,000, no wait I mean $200,000, oh silly me it really is $150,000





Barack Obama keeps sliding down the bar that defines the rich in his mind.

Remember he has NEVER voted to NOT raise taxes in the past 10 years.

The Obama/Pelosi/Reid trifecta is not a bet worth making!!!

Friday, October 24, 2008

Positions Regarding Obama and Why You Should Care?







Position: Barack is a socialist and is against capitalism
Reasoning:

  • He was a member of the New Party
  • His father was a Communist
  • The people he has the most in common pretty much hate America. (Ayers, Wright, Khadlidi, Khalid)
  • He probably received foreign aid while going to college
  • He supports far more progressive tax policy and income redistribution
  • He supports further nationalization of industry within our country
  • He believes a mortgage is a right in this country not something you have to work hard to earn
  • He believes in an United Nations solution even within the borders of the United States
  • He blames the ills of African Americans in this country squarely on capitalism

The American people will never knowingly adopt socialism, but under the name of liberalism they will adopt every fragment of the socialist program until one day America will be a socialist nation without ever knowing how it happened.
- Norman Thomas, six-time Socialist Party presidential candidate and one of the founders of the ACLU.


Position: The Media is in the tank for Barack Obama
Reasoning:
  • The media portrays negative reporting on McCain at least 2:1 to Obama
  • The media ignores serious issues about Obama that Americans want to know about
  • Organizations like the New York Times and MSNBC have abandoned their principles and have ultimately become corrupt just to manipulate the truth to directly aid in getting Obama elected – What country are we in anyway? Is this America or Poland?
  • The double standard and sexism displayed toward Palin is downright disturbing

If you don’t read the newspaper you are uninformed;
If you do read the newspaper you are misinformed.
-Mark Twain


Position: Obama is going to raise taxes on 100% of Americans
Reasoning:
  • The expiration of the Bush tax cuts raise taxes on 100%
Income Under Bush Under Obama Obama Increase
$14,000.00 $0.00 $1,200.00 $1,200.00
$50,000.00 $5,000.00 $11,460.00 $6,460.00
$100,000.00 $18,620.00 $22,395.00 $3,775.00
$250,000.00 $63,945.00 $72,434.70 $8,489.70
$1,000,000.00 $325,206.50 $428,825.00 $103,618.50
  • An increase in the corporate tax is directly passed onto consumers
  • In comparison to McCain’s plan our GDP will grow at about half the rate as it will under McCain’s plan and therefore is an additional tax on ALL Americans to the tune of over $200 billion a year.

I contend that for a nation to try to tax itself into prosperity
is like a man standing in a bucket and trying to lift himself
up by the handle.
-Winston Churchill


Position: ACORN is a corrupt and illegal organization
Reasoning:
  • They receive millions of taxpayer dollars because of their non-partisan status, they are clearly partisan and therefore breaking the law
  • They have a 10 year track record of voter fraud convictions in multiple states
  • Investigations are currently underway in over 15 states where voter fraud registration has been found in staggering amounts. On average over 33% of all ACORN registrations have been found to be fraudulent
  • Ohio is reporting over 40% voter fraud with absentee ballots submitted and guess by who?
  • The founder of ACORN was one of the founders of SDS
  • ACORN was started to further the concept of creating re-education centers in this country to indoctrinate our nation’s youth to radicalism and anti-capitalism. Gee isn’t this what the brown shirts were all about?
  • Obama with Ayers helped ACORN and provided funding with clear knowledge of the ACORN agenda
  • The brother of the founder of ACORN embezzled over 1 million dollars (including taxpayer monies) and ACORN neglected to report the crime

A government which robs Peter to pay Paul can always depend on the support of Paul.
- George Bernard Shaw


Position: Obama belief of a bigger tax code and government is the answer is a fallacy
Reasoning:
  • Existing compliance and enforcement of our progressive income tax system hurts our economy
  • Over 3 million man hours a year is wasted on tax compliance, that is basically the entire life of over 9,000 people a year
  • Our GDP is reduced over $200 billion a year just in compliance issues
  • The cost of compliance is passed along to all consumers in the form of raised prices
  • Does anyone want to try to calculate the cost of lost opportunity each year with over 3 million man hours wasted?
  • The IRS is used as a political weapon and American citizens become targets of our government
  • The US government has shown time and time again it is the biggest waster of tax dollars
  • The crony system of quid pro quote and paybacks is corrupting our existence at the core
  • Does anyone want to calculate the cost of doing business inside our government because of the crony approach to buying votes and support?

Government is the great fiction, through which everybody endeavors to live at the expense of everybody else.
-Frederic Bastiat, French Economist (1801-1850)


The impact of an Obama/Pelosi tag team on our country will be a huge increase in spending and taxation and quite frankly our economy cannot handle it. It will wreak a level of economic loss we haven't seen in 100 years and will take decades to recover. It just isn't a formula that is going to work at this time.

In general, the art of government consists of taking as much money as possible from one party of the citizens to give to the other.
-Voltaire (1764)


As far as voter fraud in any flavor we need to stomp it out and NOT allow any of it. I think our voter registration system is very important and our country needs to get serious about a uniform voting registration system for national voting. It is pure insanity to me that someone can vote in the majority of states within this country without having to prove who they are! Voting is as much a responsibility as it is a privilege and freedom. I constantly hear about it is too difficult for some to get an ID in this country - seriously those same people would have no problem getting an ID to buy liquor or get into club...Why do we continually have to keep lowering the bar in this country.

What this country needs are more unemployed politicians.
-Edward Langley, Artist (1928 - 1995)


Why aren't Americans demanding more from their politicians in the area of accountability. Joe you even said Barack's strategy of "not" voting, etc was a brilliant political strategy - just so the American voter cannot figure out the truth about Obama. Do you feel the same way about the manipulation put forward by someone pulling a long con?

Why is it we leave in an age where Americans are not voting on what people actually stand for? Everything is parsed and manipulated to cater to emotional hot buttons within voters - for one goal - win the election. Americans deserve better than that. Americans deserve to be heard and they deserve the opportunity to vote for candidate that actually agree and support their views not some manipulated perception because the candidate feels the end justifies the means.

Obama claims he will unify and bring together America. He has never worked across the aisle on anything substantial to demonstrate that he is even capable of that. The only unification he brings to the table is one of wild spending and taxation and the further bloating of a horribly inefficient and wasteful government.

McCain is the only candidate within our existing government that can claim he works to bring people together. He is as much of a Democrat as he is a Republican. America needs openness and passion for a stronger America right now not a candidate that is looking to further punish America because he has an agenda of solving the ills of America through legislation. You can't help a person until they are ready to help themselves.

Unfortunately the Democratic party continually ignores and hides its over 100 year track record of segregation and manipulation of Blacks in America. It is insanity to me that a party like that can stand up and say they are for something when their entire existence has been based on something else. The fact that Byrd is still in the party is the biggest slap in the face of such causes in America.


A government big enough to give you everything you want,
is strong enough to take everything you have.
-Thomas Jefferson

Monday, October 20, 2008

Bar Stool Economics - Our Tax System Explained


Over at Experimentum Crucis blog a post showed up on Friday the 17th about explaining our tax system through Bar Stool Economics. David R. Kamerschen, Ph.D.Professor of Economics University of Georgia has a great way of explaining our tax system in this country. Here is the post but please click the title above to visit Experimentum Crucis.

Our Tax System Explained: Bar Stool Economics
Suppose that every day, ten men go out for beer and the bill for all ten comes to $100.

If they paid their bill the way we pay our taxes, it would go something like this:

The first four men (the poorest) would pay nothing.
The fifth would pay $1.
The sixth would pay $3.
The seventh would pay $7.
The eighth would pay $12.
The ninth would pay $18.
The tenth man (the richest) would pay $59.

So, that's what they decided to do.The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve.

'Since you are all such good customers,' he said, 'I'm going to reduce the cost of your daily beer by $20.' Drinks for the ten now cost just $80.

The group still wanted to pay their bill the way we pay our taxes so the first four men were unaffected. They would still drink for free. But what about the other six men - the paying customers?

How could they divide the $20 windfall so that everyone would get his 'fair share?'

They realized that $20 divided by six is $3.33. But if they subtracted that from everybody's share, then the fifth man and the sixth man would each end up being paid to drink his beer.

So, the bar owner suggested that it would be fair to reduce each man's bill by roughly the same amount, and he proceeded to work out the amounts each should pay. And so:

The fifth man, like the first four, now paid nothing (100% savings).
The sixth now paid $2 instead of $3 (33%savings).
The seventh now pay $5 instead of $7 (28%savings).
The eighth now paid $9 instead of $12 (25% savings).
The ninth now paid $14 instead of $18 (22% savings).
The tenth now paid $49 instead of $59 (16% savings).

Each of the six was better off than before. And the first four continued to drink for free.

But once outside the restaurant, the men began to compare their savings.

'I only got a dollar out of the $20,'declared the sixth man. He pointed to the tenth man,' but he got $10!'

'Yeah, that's right,' exclaimed the fifth man. 'I only saved a dollar, too. It's unfair that he got ten times more than I got'

'That's true!!' shouted the seventh man. 'Why should he get $10 back when I got only two? The wealthy get all the breaks!'

'Wait a minute,' yelled the first four men in unison. 'We didn't get anything at all. The system exploits the poor!'

The nine men surrounded the tenth and beat him up. - LOL

The next night the tenth man didn't show up for drinks so the nine sat down and had beers without him.

But when it came time to pay the bill, they discovered something important. They didn't have enough money between all of them for even half of the bill!

And that, ladies and gentlemen, journalists and college professors, is how our tax system works.

The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore.

In fact, they might start drinking overseas where the atmosphere is somewhat friendlier. David R. Kamerschen, Ph.D.Professor of Economics University of Georgia

Friday, October 17, 2008

McCain Defends the Plumber



MCCAIN DEFENDS THE PLUMBER
REMARKS IN MIAMI, FL
Fri Oct 17 2008 13:45:02 ET

It's great to be here in Miami. Florida is a must-win state on November 4th, and with your help, we're going to win Florida, and bring change to Washington, DC. We had a good debate this week. You may have noticed-- there was a lot of talk about Senator Obama's tax increases and Joe the Plumber. Last weekend, Senator Obama showed up in Joe's driveway to ask for his vote, and Joe asked Senator Obama a tough question. I'm glad he did; I think Senator Obama could use a few more tough questions.

The response from Senator Obama and his campaign yesterday was to attack Joe. People are digging through his personal life and he has TV crews camped out in front of his house. He didn't ask for Senator Obama to come to his house. He wasn't recruited or prompted by our campaign. He just asked a question. And Americans ought to be able to ask Senator Obama tough questions without being smeared and targeted with political attacks.

The question Joe asked about our economy is important, because Senator Obama's plan would raise taxes on small businesses that employ 16 million Americans. Senator Obama's plan will kill those jobs at just the time when we need to be creating more jobs. My plan will create jobs, and that's what America needs.

Senator Obama says that he wanted to spread your wealth around. When politicians talk about taking your money and spreading it around, you'd better hold onto your wallet. Senator Obama claims that wants to give a tax break to the middle class, but not only did he vote for higher taxes on the middle class in the Senate, his plan gives away your tax dollars to those who don't pay taxes.

That's not a tax cut, that's welfare. America didn't become the greatest nation on earth by redistributing wealth; we became the greatest nation by creating new wealth.

This is the choice that we face. These are hard times. Our economy is in crisis. Americans are fighting in two wars. We face many enemies in this dangerous world, and many challenges here at home.

The next President won't have time to get used to the office. He won't have the luxury of studying up on the issues before he acts. He will have to act immediately. And to do that, he will need experience, courage, judgment and a bold plan of action to take this country in a new direction. We cannot spend the next four years as we have spent much of the last eight: waiting for our luck to change. We have to act immediately. I said it at the last debate: I'm not George Bush; if Senator Obama wants to run against George Bush, he should have run for President 4 years ago. We need a new direction now. We have to fight for it. I've been fighting for this country since I was seventeen years old, and I have the scars to prove it. If I'm elected President, I will fight to take America in a new direction from my first day in office until my last. I'm not afraid of the fight, I'm ready for it.

I'm not going to spend $700 billion dollars of your money just bailing out the Wall Street bankers and brokers who got us into this mess. I'm going to make sure we take care of the people who were devastated by the excesses of Wall Street and Washington. I'm going to spend a lot of that money to bring relief to you, and I'm not going to wait sixty days to start doing it.

I have a plan to protect the value of your home and get it rising again by buying up bad mortgages and refinancing them so if your neighbor defaults he doesn't bring down the value of your house with him.

I have a plan to let retirees and people nearing retirement keep their money in their retirement accounts longer so they can rebuild their savings. I will protect Social Security so that retirees get the benefits they have earned, and I will bring both parties together to fix Social Security so that it is there for future generations.

I have a plan to hold the line on taxes and cut them to make America more competitive and create jobs here at home.

Raising taxes makes a bad economy much worse. Keeping taxes low creates jobs, keeps money in your hands and strengthens our economy.

The explosion of government spending over the last eight years has put us deeper in debt to foreign countries that don't have our best interests at heart. It weakened the dollar and made everything you buy more expensive.

If I'm elected President, I won't spend nearly a trillion dollars more of your money, on top of the $700 billion we just gave the Treasury Secretary, as Senator Obama proposes. Because he can't do that without raising your taxes or digging us further into debt. I'm going to make government live on a budget just like you do.

I will freeze government spending on all but the most important programs like defense, veterans care, Social Security and health care until we scrub every single government program and get rid of the ones that aren't working for the American people. And I will veto every single pork barrel bill Congresses passes.

If I'm elected President, I won't fine small businesses and families with children, as Senator Obama proposes, to force them into a new huge government run health care program, while he keeps the cost of the fine a secret until he hits you with it. I will bring down the skyrocketing cost of health care with competition and choice to lower your premiums, and make it more available to more Americans. I'll make sure you can keep the same health plan if you change jobs or leave a job to stay home.

I will provide every single American family with a $5000 refundable tax credit to help them purchase insurance. Workers who already have health care insurance from their employers will keep it and have more money to cover costs. Workers who don't have health insurance can use it to find a policy anywhere in this country to meet their basic needs.

If I'm elected President, I won't raise taxes on small businesses, as Senator Obama proposes, and force them to cut jobs. I will keep small business taxes where they are, help them keep their costs low, and let them spend their earnings to create more jobs.

If I'm elected President, I won't meet unconditionally with the Castro brothers, while they keep political prisoners in jail, stifle free media and block free elections in Cuba. When I am President, we are going to pressure the Cuban government to free their people. The day is coming when Cuba will be free. I will open new markets to goods made in America and make sure our trade is free and fair. And I'll make sure we help workers who've lost a job that won't come back find a new one that won't go away.

If I'm elected President, I won't make it harder to sell our goods overseas and kill more jobs as Senator Obama proposes. I will open new markets to goods made in America and make sure our trade is free and fair. And I'll make sure we help workers who've lost a job that won't come back find a new one that won't go away.

The last President to raise taxes and restrict trade in a bad economy as Senator Obama proposes was Herbert Hoover. That turned a recession into a depression. They say those who don't learn the lessons of history are doomed to repeat them. Well, my friends, I know my history lessons, and I sure won't make the mistakes Senator Obama will.

If I'm elected President, we're going to stop sending $700 billion to countries that don't like us very much. I won't argue to delay drilling for more oil and gas and building new nuclear power plants in America, as Senator Obama does. We will start new drilling now. We will invest in all energy alternativesÊ-- nuclear, wind, solar, and tide. We will encourage the manufacture of hybrid, flex fuel and electric automobiles. We will invest in clean coal technology. We will lower the cost of energy within months, and we will create millions of new jobs.

Let me give you the state of the race today. We have 18 days to go. We're 6 points down. The national media has written us off. Senator Obama is measuring the drapes, and planning with Speaker Pelosi and Senator Reid to raise taxes, increase spending, take away your right to vote by secret ballot in labor elections, and concede defeat in Iraq. But they forgot to let you decide. My friends, we've got them just where we want them.

What America needs in this hour is a fighter; someone who puts all his cards on the table and trusts the judgment of the American people. I come from a long line of McCains who believed that to love America is to fight for her. I have fought for you most of my life. There are other ways to love this country, but I've never been the kind to do it from the sidelines.

I know you're worried. America is a great country, but we are at a moment of national crisis that will determine our future. Will we continue to lead the world's economies or will we be overtaken? Will the world become safer or more dangerous? Will our military remain the strongest in the world? Will our children and grandchildren's future be brighter than ours?

My answer to you is yes. Yes, we will lead. Yes, we will prosper. Yes, we will be safer. Yes, we will pass on to our children a stronger, better country. But we must be prepared to act swiftly, boldly, with courage and wisdom.

I know what fear feels like. It's a thief in the night who robs your strength. I know what hopelessness feels like. It's an enemy who defeats your will. I felt those things once before. I will never let them in again. I'm an American. And I choose to fight.

Don't give up hope. Be strong. Have courage. And fight.

Fight for a new direction for our country. Fight for what's right for America. Fight to clean up the mess of corruption, infighting and selfishness in Washington.

Fight to get our economy out of the ditch and back in the lead.

Fight for the ideals and character of a free people.

Fight for our children's future.

Fight for justice and opportunity for all.

Stand up to defend our country from its enemies.

Stand up, stand up, stand up and fight. America is worth fighting for. Nothing is inevitable here. We never give up. We never quit. We never hide from history. We make history.

Now, let's go win this election and get this country moving again.

Thursday, October 16, 2008

From ThePeoplesCube.com




Campaign poster by Gloucester over at Free Republic...this is very funny! Joe the Plumber is showing up everywhere! Now it is the campaign of Plumbers and Hockey Mom's.