Posts Tagged ‘taxes’
–SNIP– If Congress can constitutionally create a mandate for individuals to purchase healthcare, then Congress can create a mandate for individuals to purchase financial securities. Which — given the fiscal cliff that we are about to run off, and the reality that more and more sovereigns are dumping dollars and treasuries — could well be a useful weapon in keeping the Treasury’s borrowing costs low and the bread and circuses flowing.
Read more by John Aziz at azizonomics.com
The state Public Service Commission recently ruled that the City of Milwaukee may not pass on the cost of relocating utilities for a streetcar project to ratepayers. The decision has revived allegations that Republicans have something against Milwaukee, which is not true.
When I moved to Milwaukee 13 years ago, I immediately fell in love with this great city. The Milwaukee area is where I want to raise a family, build a business, give back and retire. The policies that my colleagues and I have fought for reflect our genuine efforts to move Milwaukee forward.
Read more by State Rep. Dale Kooyenga at JSonline.com
Why is it greedy for me to want to keep more of my money, but not greedy for you to want to take more of it?
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