Posts Tagged ‘taxes’
–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
What if We Didn’t Live in a Free Country?
Does the government work for us or do we work for the government? Is freedom in America a myth or a reality? Tonight, what if we didn’t live in a free country?
What if the Constitution were written not to limit government, but to expand it? What if the Constitution didn’t fulfill the promise of the Declaration of Independence, but betrayed it? What if the Constitution actually permitted the government to limit and constrict freedom? What if the Bill of Rights was just a paper promise, that the government could avoid whenever it claimed the need to do so? What if the same generation – in some cases the same people – that drafted the U.S. Constitution enacted laws that violated it? What if the merchants and bankers who financed the American Revolution bought their way into the new government and got it to enact laws that stifled their competition? What if the civil war that was fought in the name of freedom actually advanced the cause of tyranny?
What if the federal government were the product of 150 years of stealing power and liberty and property from the people and the states? What if our political elites spent the 20th century importing the socialist ideas of big government Statism from Europe? What if our political class was adopting the European political culture from which our founding fathers fought so hard to break free?
What if our political leaders no longer acknowledged that our rights come from our humanity, but insisted instead that they come from the government? What if you had to produce your papers to get out of or into our once-free country? What if you couldn’t board a plane, a train, or a long-distance bus without providing documentation telling the government who you are and where you’re going, without paying the government, and without risking sexual assault? What if your local police department could shoot down a plane? What if government agents could write their own search warrants, declare their own enemies, and seize whatever property they want? What if the feds could detain you indefinitely, with no visitors, no lawyer, no judge, and no jury? What if they could make you just disappear? What if the government broke its own laws in order to enforce them? What if the government broke down your front door in the middle of the night and shot your dog, and claimed it was a mistake?
Read more by Judge Andrew Napolitano from September 30, 2011 at lewrockwell.com
The Trust Fund Myth
When a new bond is issued, it is printed on a laser printer located at the Bureau of the Public Debt’s Martinsburg, WV office. The bond is then carried across the room and put in a fireproof filing cabinet. That filing cabinet is the Social Security trust fund.
People tend to think of their Social Security benefits as an actual account, in their name, which contains cash or investments. In reality, the Social Security trust fund contains nothing more than IOUs that have no value beyond a promise to impose higher taxes on future workers. The annual surpluses that many thought were being used to build up a reserve for Baby Boomers have been spent on other government programs or to reduce government debt.
Social Security is not like a savings account in which payroll taxes are saved for retirement. Social Security is a pay-as-you-go system, meaning that the taxes paid by today’s workers are immediately sent out to pay the benefits of today’s retirees.
The problem with this system is that it only functions when there are a lot of workers paying payroll taxes and just a few retired people getting benefits. This is no longer the case. Our senior population is growing much faster than our working population and this means there are fewer and fewer workers supporting more and more retirees.
No Cash Is Being Saved . . .
Read more from the US Chamber of Commerce
The dividing line in the national debate over the future of public-sector unions can be found between the Land of Lincoln and its neighbor to the north.
The story of Illinois and Wisconsin is a tale of two very different states.
Wisconsin, led by Gov. Scott Walker and majority Republicans, took on public-sector unions and won in the pursuit of balancing a $3.6 billion state budget shortfall in 2011.
Illinois, led by Democrats with a veto-proof supermajority in the Legislature and Democrat Pat Quinn in the governor’s mansion (at least occasionally), have long coddled the public unions to which they and their campaign war chests are beholden. Consequently, the state faces billions of dollars in unpaid bills and unfunded pension liabilities for current public employees of about $130 billion.
Wisconsin’s economic prospects have vastly improved. . . .
Read more by Benjamin Yount and M.D. Kittle at Watchdog.org
A young college student comes home for a visit and tells her father what is all wrong about America. She feels that the country should be based on the Socialist scale so that everyone will be equal. Her father ignores her excitement and her new found “expert” knowledge.
Instead he says, “How did you do on your finals?” She replies, “I did just great – I got an “A” in all subjects.”
Her father proudly says, “That is just great – you must have worked hard, studied hard, and prepared for your test.”
“Oh, I did she said. I stayed up until all hours and crammed until I knew everything on the test. I didn’t go anywhere, skipped meals and kept my head in my books!”
“I am so proud of you daughter; but how did your roommate do?”
“Ah, she didn’t do so well.” The father then says, “Why don’t you talk to the dean and tell him that you feel bad for your roommate; and you would like to have your two grades averaged together so that you can share your grade to help pull up hers to passing?”
“What…? She replied with an exaggerated tone.
“I should give her part of my hard earned grades when she sat on her rump, watched TV, went to parties, didn’t crack open and book and I AM TO SHARE WITH HER?”
“NO WAY. I worked for my grades and she did nothing.”
Her father patted her on the back and replied, “Welcome to the world of capitalism, sweetheart!”