Posts Tagged ‘taxes’
Tax Freedom Day® is the day when the nation as a whole has earned enough money to pay off its total tax bill for the year. Tax Freedom Day provides Americans with an easy way to gauge the overall tax take-a task that can otherwise be daunting due to the multiplicity of taxes at various levels of government and “hidden” taxes and fees that are often buried in the cost of living. Tax Freedom Day computed by dividing total tax collections by the nation’s income, as reported by the Bureau of Economic Analysis. Every dollar that is officially called income by the government is counted, and every payment that is officially considered a tax is counted. The resulting percentage is then converted into days of a 365-day calendar year.
Tax Freedom Day 2014 is April 21st, three days later than last year. In 2014, Americans will pay $3.0 trillion in federal taxes and $1.5 trillion in state taxes, for a total tax bill of $4.5 trillion, or 30.2 percent of income. To read the full report, click here.x
Confusing Individual Responsibility With Statist Tyranny
In this Holy Week of Easter, one of the socialist communiqués destined for my “Know Thy Enemy” email folder was a promotion for a new “award-winning” film, “Jesus was a Commie.” The film was described as “an avant-garde conversation about critical social issues,” and it supports the errant pop-thesis that Jesus advocated socialism.
As absurd as that title is, liberal atheists and too many well-meaning but chronically nescient Christians regularly assert that the communist doctrines of Karl Marx equate with the teachings of Jesus Christ — that the central message of Christianity supports socialism.
Read more By Mark Alexander at patriotpost.us from Apr. 5, 2012.
If you tax refund doesn’t show up this year, you might want to blame your parents - even if they’ve been dead for decades!
So far this year, the Treasury Department has intercepted $1.9 billion in tax refunds - $75 million of which is on debts that are more than 10 years old. Some of the money is being collected from the children of the debtors.
Take the case of 58-year-old Mary Grice.
In 1960, when Grice was 4, her father died leaving her mother to raise five young children. Her mother received survivor benefits from Social Security until the the youngest child turned 18. Social Security claims that in 1977, it overpaid someone in the Grice family. It isn’t sure who.
This year, Grice got a letter saying that they were holding her responsible for the $2996 debt incurred under her father’s Social Security number - and seizing her tax refund to pay for it. The government says that its policy is to seek compensation from the oldest sibling and work down through the family until the debt is paid.
Read more by Jeff Wagner at jrn.com/wtmj/
“I see lobbying,” Tony Podesta has said, “as getting information in the hands of people who are making decisions so they can make more informed decisions.” Last week the information Tony Podesta was giving was the divorce complaint he had filed in D.C. Court against his wife Heather. The hands receiving that information belonged to a gossip columnist for the Washington Post, who made the “informed decision” to report on it. Later in the day Heather, who is also a lobbyist, informed the Post the text of her counter-suit. It published a follow-up.
–SNIP– As government expands, extending its reach to every aspect of business, every sector of the economy, private citizens and corporations require sherpas to lead them through the mountains of regulations and tax provisions, to discover exemptions and special favors and other forms of relief or favoritism to improve the bottom line. And who better to act as sherpas than the relatives of the Democrats who impose the regulations and tax provisions in the first place, who better than the lively proprietors of a family business operating in the luxurious and morally uncomplicated world of the caste of limousine liberals who dominate politics, culture, news, and finance.
Corporations give to Democratic politicians, avoiding the scrutiny of liberal attack dogs in the media and nonprofit sectors, and enjoying the ego boost that comes with being on the “right side of history.” Then those corporations hire the Podestas to get them out of the Rube Goldberg traps the Democrats have enacted into law. John’s innovation was to establish a corporate-funded think tank where the burdensome policies would be concocted, and whose staff would go on to man the regulatory agencies that put their wool-headed ideas into practice. And to whom do the corporations turn when they find themselves on the receiving end of all this uplift, all this do-goodery, all this progress, hope, and change? Why, to the man in the red Prada loafers, and to his flamboyantly patterned wife.
Read more by Matthew Continetti at FreeBeacon.com
–SNIP– The following are 30 incredibly stupid things that the federal government is spending money on….
#1 The U.S. government is spending $750,000 on a new soccer field for detainees held at Guantanamo Bay.
#2 The Obama administration plans to spend between 16 and 20 million dollars helping students from Indonesia get master’s degrees.
#3 If you can believe it, the U.S. government has spent $175,587 “to determine if cocaine makes Japanese quail engage in sexually risky behavior”.
#4 The U.S. government spent $200,000 on “a tattoo removal program” in Mission Hills, California.
#5 The federal government has shelled out $3 million to researchers at the University of California at Irvine to fund their research on video games such as World of Warcraft. Wouldn’t we all love to have a “research job” like that?
Read more at endoftheamericandream.com
–SNIP– Since the arrival of Socialist President François Hollande in 2012, income tax and social security contributions in France have skyrocketed. The top tax rate is 75 percent, and a great many pay in excess of 70 percent.
As a result, there has been a frantic bolt for the border by the very people who create economic growth – business leaders, innovators, creative thinkers, and top executives. They are all leaving France to develop their talents elsewhere.
And it’s a tragedy for such a historically rich country. As they say, the problem with the French is they have no word for entrepreneur. Where is the Richard Branson of France? Where is the Bill Gates?
Read more at Newsweek.com
I bet they would care a lot more about how D.C. is pissing it away.
A new year will bring in a new agenda for Governor Scott Walker, who has plans to overhaul the state’s tax code. His major priority in 2014 will be laying the ground for work tax reform in 2015. Walker says eliminating the state sales tax could hold the key to job creation.
“I made a clear objective that every year I’m in office, I want to see the overall tax burden in the state — I want to cut taxes,” said Walker. “Every year I’m in office I want to continue to see the overall tax burden go down.”
Walker says he’s looking at everything from eliminating the state income tax to drastically reducing state property taxes.
Read more by Mike Lowe at Fox6now.com
The centuries-old oath taken by health care professionals reads, “Do no harm.” It is time for Washington lawmakers to take a similar approach when working to fix the problems that exist in our broken health care system. Simply repealing the President’s health care law is not enough—it must be replaced.
Conservatives recognize that patient-centered reforms rooted in free markets are the best way to lower costs and solve problems in our health care system. That is why the Republican Study Committee (RSC) is proud to bring forward a pragmatic, practical, and portable free-market alternative to the current health care system. Simply put, our bill is a better way forward. Specifically, the RSC’s American Health Care Reform Act:
Read more by Dan Sebring at Dan Sebring for Congress
Alumni Memorial Union - Ballrooms (Floor 3)
1442 W. Wisconsin Avenue, Milwaukee, Wisconsin 53233
In his presentation on the Flat Tax Revolution, Steve Forbes calls for substantial reforms to America’s fundamental economic systems as they operate today. He argues that “Countries increasingly recognize that if they don’t adopt the flat tax, they will lose jobs, capital and their own ambitious entrepreneurs to more growth friendly nations.” A simple flat tax, in his view, will slash tax rates and spur economic growth. In his remarks, he will discuss a myriad of Flat Tax benefits through the lens of the current economic landscape and forecast, including: how a simple 17 percent flat tax will save citizens time, money, and worry; why the Flat Tax will eliminate the IRS and its bureaucrats; why the Flat Tax will create jobs, and bring back ones we have lost overseas; how other countries are already reaping the benefits of a flat tax system; how the flat tax will stop special interests getting tax breaks at the expense of citizens; and what you can do to make the Flat Tax a reality. As Mr. Forbes explains, the Flat Tax is not a partisan issue—it is a taxpayer issue that affects all Americans.”
Find more information at MarquetteCRs.com
The folks who are getting Free Stuff,
Don’t like the folks who are paying for the Free Stuff,
Because the folks who are paying for the Free Stuff,
Can no longer afford to pay for both the Free Stuff and their own Stuff.
The folks who are paying for the Free Stuff,
Want the Free Stuff to stop.
And the folks who are getting the Free Stuff,
Want even MORE Free Stuff on top of the Free Stuff they’re getting already!
Now….. The people who are forcing people to PAY for the Free Stuff,
Have told the people who are RECEIVING the Free Stuff,
That the people who are PAYING for the Free Stuff,
Are being mean, prejudiced and racist.
So …. the people who are GETTING the Free Stuff,
Have been convinced they need to HATE the people who are PAYING for the
Free Stuff because they are selfish. And they are promised more Free Stuff if they will vote for
the people who force the people who pay for the Free Stuff to give them even more Free Stuff.
And - - - - - that’s the Stuff!
Slightly edited to change a certain word to Stuff
Ever hear of the strangler fig? It’s a parasitic tree in tropical forests that grows by wrapping its huge roots ever more tightly around a host tree until the host tree can’t grow anymore and dies (see the video below). It’s what our government in Washington has become.
The slowest postwar economic recovery ever is stalling out. Real (inflation adjusted) median income for American households fell $2,627 during Barack Hussein Obama’s first term, according to a report released last week by the U.S. Bureau of Census. The number of people with incomes below the poverty line rose by 6,667,000 — equivalent to the population of Massachusetts.
Our economic wounds are nearly all the result of government policy. The five worst offenders are:
1. Obamacare. It clobbers employment, as businesses in labor intensive industries shift workers from full to part time to avoid Obamacare mandates.
Read more by Jack Kelly from ToThePointNews.com
The Obama administration has performed the unique trick of alienating the majority of our most important allies, while at the same time causing America to be viewed as a patsy by its enemies.
The situation is bound to get worse now that the administration has taken the position that most financial institutions outside the United States are conspiring to help Americans and others avoid U.S. taxes and, thus, is attempting to require all of these foreign financial institutions to report to — and, in effect, become agents of — the Internal Revenue Service.
A global revolt is brewing against the United States for being an international financial bully. The consequences of this revolt are likely to be extremely damaging and long-lasting to the nation.
Read more by Richard Rahn at ToThePointNews.com
In a speech at The Heritage Foundation, House Budget Committee Chairman Paul Ryan (R-WI) spoke about Saving the American Idea. The full text transcript of his remarks as prepared for delivery are below:
“Saving the American Idea: Rejecting Fear, Envy and the Politics of Division”
Thank you so much, Ed, for that kind introduction.
We’re here today to explore the American Idea, and I can’t think of a better venue for this topic. The mission of the Heritage Foundation is to promote the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense.
These are the principles that define the American Idea. And this mission has never been timelier, because these principles are very much under threat from policies here in Washington.
The American Idea belongs to all of us – inherited from our nation’s Founders, preserved by the countless sacrifices of our veterans, and advanced by visionary leaders, past and present.
What makes America exceptional – what gives life to the American Idea – is our dedication to the self-evident truth that we are all created equal, giving us equal rights to life, liberty and the pursuit of happiness. And that means opportunity.
Video and transcript of Rep. Paul Ryan’s speech at Heritage.org