Posts Tagged ‘tax’

How is that “No increase in TAXES for people making less than $250,000” working for YOU???

July 19, 2010

Remember when (September 12, 2008 in Dover N.H.) Presidential Candidate (Senator) Obama promised, “I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increases.  Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.”, if not you can see it here.

And now the TRUTH is starting to come out.  Here is an article from the New York Times.  For those who do not have time to read the entire article here is an excerpt.

When Congress required most Americans to obtain health insurance or pay a penalty, Democrats denied that they were creating a new tax. But in court, the Obama administration and its allies now defend the requirement as an exercise of the government’s “power to lay and collect taxes.”

This means that President Obama has just RAISED the TAXES that EVERY citizen of the United States pays.  This means YOU!!  AND, if you think that because you are one of the 40% that does not pay any income taxes you will not be affected, try this.  EVERYTHING that YOU buy (food, clothes, fuel, etc.), will have the price of this Health Care Law included in the final price.

And here is a video of the President saying it is NOT a TAX, in an interview with George Stephanopolis.

Who is LYING, you decide.  Let me know what you think.

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“Pass Through” Taxes

April 16, 2010

This is a follow-up to blogs that mentioned “Pass Through” Taxes, here and here.

Pass Through Taxes are taxes that businesses pay in order to do business.  These businesses then INCLUDE these taxes in the final price of the products that they sell for a…..gasp….profit.  That means that ANYONE that buys their products, pays for these “Pass Through” Taxes.  IF these taxes were not included in the cost of the final product, the companies would be LOSING money and would not stay in business.  So, trust me on this one, if YOU buy anything (like food, gas, clothes,etc.), YOU are paying for these “Pass Through” Taxes.

Here is a good article concerning the size of the “Pass Through” Taxes that YOU pay.

Write your representatives and tell them how you feel.

Obama picks another with Tax problems

November 19, 2009

And here is Lael Brainard, Obama’s nominee for undersecretary of the Treasury for international affairs, with past tax problems.  If the people (check another-obama-nominee-with-you-guessed-it-tax-problems and the-tax-code-is-broken and how-much-do-you-pay-in-taxes for other entries) running the Treasury (that is the department that is in charge of the Internal Revenue Service, IRS) can not do their own taxes competently, there can only be one of three conclusions.

  1. The tax code is too complex for anyone to comply with and the tax code needs to be abolished and something less complex enacted, or
  2. They are idiots and incompetent for the jobs that they have and should not be in those positions, or
  3. They are liars, cheats, and immoral and should not be in those positions.

I will let you choose your own conclusion, but I would like to hear what you think in the comments.

Another Obama nominee with, you guessed it, TAX Problems

April 1, 2009

Kathleen Sebelius has had, admitted, tax problems to the tune of almost $8,000.  Another President Obama nominee that does NOT have to pay any penalties for “minor (and) unintentional” errors.

WHEN IS THIS GOING TO STOP????

Visit the TAX CODE is BROKEN to read about other politicians tax troubles.

Here are some articles from a variety of sources:

The Wall Street Journal

The Huffington Post

and the LA Times

How much do YOU pay in taxes??

April 1, 2009

Before you read any further, I would like to ask you to think about your answer.  How much do YOU pay in taxes???

Here is the Wikipedia definition of taxes.

We define taxes as ANY amount of money that we are compelled to pay the Government.  The government/politicians (past and present) use many different words to define what they TAKE from us, the citizens.  These range from taxes to fees, fines, levies, tolls, etc.

Here is a chart that we have compiled that gives a rough estimation for the amount of taxes that people pay per state.  We have done two cases, the first is a person with a $30,000 Adjusted Gross Income, and the second is a person with a $100,000 adjusted Gross Income.  For a more detailed breakdown of our calculations and where we arrived at the rates click here.Tax Rates

To keep this simple we have assumed a Single Tax Filer and we are not going to include the people in this country that, according to the press, do not pay any(?) taxes. 

This is where we would like to start the discussion. 

As you can see our basic calculations show that someone making $30,000 can expect to pay a minimum 26.86% in Wyoming, up to a maximum (when we say maximum, we mean in our calculations, this does not include PASS THROUGH taxes) 46.34% in New Jersey.  That means that for every $1 that you earn in Wyoming you will pay 27 cents to the government.  Another way of looking at this number, you have to work until the middle of March before you earn any money for yourself.  In New Jersey, for every $1 that you earn you will pay 46 cents.  You have to work into June before you earn any money for yourself.

These calculations are CONSERVATIVE, meaning that we feel any errors that we have made, actually produce a lower tax rate than reality.  We have assumed, for instance, that this tax payer never buys alcohol or cigarettes.  The taxes on these products is ASTRONOMICAL.  Also, we have not included in our calculations the matching amounts (federal tax and medicare) that an employer pays, on the workers behalf.  This amounts to another 7.65% of the filer’s earnings.  Just add it to the above numbers.  These taxes are paid by the employer, so they are a part of doing business and are included in the final price of products.  Ultimately this tax is paid by the final consumer.  Just because we have not included it in our calculation, does NOT mean that this filer does not pay it.  Another tax that is not included is any telecommunications taxes or fees.  If you have a telephone, you pay something.  If you use the internet, you pay something.

How much of what you pay for any product, can be attributed to a tax?  Did the company, that you purchased the product from, have any shipping?  They paid tax on any fuel used in transportation, and have included that amount in the final purchase price you paid.  I guarantee it.  If they do not include it, they are operating at a loss and will not be in business long.  This is basic and not the only example of taxes that are PASSED THROUGH to the final consumer.

How much do you think you should pay in Taxes?

Do you feel that it should take 60,000 pages, of Tax Code, to compel people to pay these taxes?

Write your Representatives and Senators, both local and federal.  This is the only way we can change the status quo.

The Tax Day TEA Party

March 30, 2009

On April 15, 2009 there will be a “TEA” party in every state of the union. These parties will represent the voice of the American People and their discontent over the current state of government. In my opinion, this is a non-partisan event. I do not care if you are Republican or Democrat, if you have been in government for the past 16 years (at least), with very few exceptions, YOU are the PROBLEM.  Both parties have spent the USA to the brink of collapse.  We need to have responsible leaders, and we will use this blog to expose the UN-responsible hacks.

For instance, every American should protest Cape Coral, Florida NOT ALLOWING people to protest.

http://www.winknews.com/news/local/42019772.html

The following are links to other TEA Party information:

Tax Day Tea Party has a great list of your local parties:

http://taxdayteaparty.com/

American Solutions is another organizing link:

http://www.americansolutions.com/Blog/Read.aspx?guid=18c32d70-c005-4813-ad46-0ce2cb1f7164