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Greatest Hits- High Cigarette Taxes Backfire Once Again: Illinois Latest State to Collide with Reality

High Cigarette Taxes Backfire Once Again: Illinois Latest State to Collide with Reality– Once again, cigarette taxes fail, but that won’t stop regressives from proposing them! Who would have thought that higher cigarette taxes would reduce tax revenue?  Well, anyone with a brain would have predictecd that, so I guess that’s why regressives went and did it anyway.  Hot Air has the details… With some time having passed to let the cash cow fatten, we should check back in and see what the fine citizens of the Land of Lincoln are doing with their new found largesse. I do hope they’re not […]

Greatest Hits: Top 400 Wage Earners Paid More in Taxes Than the Bottom Half! Leftist Meme Shattered

Top 400 Wage Earners Paid More in Taxes Than the Bottom Half! Leftist Meme Shattered- So much for the mythical 1%!  If you listen to the occupods, the mythical 99% are being completely fleeced by the equally mythical 1%.  Class warfare is a stubborn thing, but reality always wins in the end.  Bunkerville has the meme bustage… Just thought this would be a factoid worthy to report. Reality can be difficult to deal with. Not mentioned is not only do the non-payers not pay, but get money back from the 400. I don’t think 400 come to  “The one percent” […]

Greatest Hits- High Cigarette Taxes Fail to Meet Expected Revenue Targets: Anyone Surprised?

High Cigarette Taxes Fail to Meet Expected Revenue Targets: Anyone Surprised?  It seems that taxing something causes people to avoid the tax?  Say it isn’t so! Apparently, raising taxes on tobacco products is falling out of favor with state governments… According to Patrick Gleason, director of state affairs for the conservative Americans for Tax Reform, tobacco has not been the revenue boon states that have increased cigarette taxes had hoped. “The lack of interest in raising tobacco taxes this year can be attributed to the fact that tobacco taxes have indisputably proven to be a dubious and declining source of […]

Greatest Hits- Taxes: A Historical Perspective

Taxes: A Historical Perspective:  It turns out that taxes kill jobs and cause a loss on revenue?  Who would have thunk it? With taxes on tanning salons and medical devises in the ObamaCare law, and the states proposing taxes on all sorts of services and products, I think it might be a good time to take a look at just how successful other taxes have been.  In 1990, a luxury tax was passed to go after the “rich people” by taxing things that they buy, luxury yachts, private aircraft, specialty cars, and the like.  They were dead set on making […]

Beer Warfare: Our Progressive Tax System In ‘Beer Summit’ Terms

bucket beers

President Obama has been waging his class warfare ever since he took office in 2008. Of course, he ramped it up just before the 2012 Presidential Election, in anticipation of campaigning against his preferred candidate, Mitt Romney. And with the 2016 elections just around the corner, I thought that it would be a good time to revisit and explain our progressive tax structure in beer summit terms. 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 […]

Hey New Jersey, this year you’ll work until May 13th to support the government

Congratulations New Jersey workers. If you’re crazy enough to have a job, you’ll spend the first 4½ months of this year toiling to support the moocher class. New Jerseyans will have to work an extra four days this year to be free of taxes, according to a report that once again says Garden State residents have the highest tax burden in the nation. The right-leaning Tax Foundation’s annual “tax freedom day” report card says residents in New Jersey and Connecticut will work the longest in the nation this year to pay off their taxes: until May 13. Last year, “tax […]

One Chart Disproves Obama’s Claims That He Is A “Deficit Cutter” – Who Made The Chart? Obama’s Federal Reserve…

Hat/Tip to Doug Ross @ Journal. Just a few short days ago, President Obama uttered these words in his 2015 State of the Union speech: At every step, we were told our goals were misguided or too ambitious; that we would crush jobs and explode deficits. Instead, we’ve seen the fastest economic growth in over a decade, our deficits cut by two-thirds, a stock market that has doubled, and health care inflation at its lowest rate in fifty years. Now I won’t spend time debunking the four lies he told in that short excerpt, instead let’s look at just his […]

Uncle Sam Keeping Gas Above $2/Gallon In Most States

  Hat/Tip to Joseph Rossell at Newsbusters. You can thank you state and federal government for the fact that most of America is still paying more than two bucks a gallon for gasoline. Subtracting state and federal taxes and fees on gasoline, the price of a gallon of gas would fall below $2 in 29 states, according to data published by the American Petroleum Institute in October 2014, and by AAA. AAA said the national average for gas dropped to $2.394 per gallon on Dec. 22. while the average state and federal gas taxes and fees averaged a whopping 49.28 […]

U.S. Has Highest Corporate Tax Rate in the Industrialized World

The U.S. Has the Highest Corporate Income Tax Rate in the Industrialized World The next time some Obamabot tries to tell you American corporations aren’t paying their “fair share” in taxes, show them this chart. See that bottom red line? The one that says “United States?” Yeah, Barack Obama, Harry Reid, Hillary Clinton, and pretty much all Democrats believe a corporate tax rate of 39.1% is not high enough. Sane people might disagree. Any day now the White House and Sen. Charles Schumer (D., N.Y.) will attempt to raise taxes on business, while making the U.S. tax code even more […]

Obama Calls for Highest Sustained Taxation…Ever

Last month, President Obama presented a budget to Congress. Immediately Senate Majority Leader Harry Reid asked what it was because it had been so many years since he’d seen an actual federal budget. Okay, I’m not really sure if Harry Reid saw or even understood it, but it still calls for the highest sustained taxation in United States history. CNSNews did an excellent job of evaluating it. In the budget proposal he presented to Congress last month, President Barack Obama called for what would be the highest level of sustained taxation ever imposed on the American people, according to the […]

Using the Beer Summit to Explain Progressive Taxes

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 […]

Asylum Watch Interprets Bill Gates et al. Vision Of The Future

Bill Gates has become an American icon. He is the epitome of the American success story. Born into a well to do family, he attended the same elite private school as his father had before him. He went on to Harvard but drop out because he had an idea for a new type computer operating system he wanted to work at developing. He would develop an operating system that would allow low tech people to use computers. He called his new computer operating system “Windows”  and he built a company around his idea called Microsoft. Bill’s idea caught on quickly […]

IRS Intercepts Tax Returns!

Think you’re getting a tax return?  Well, maybe not, if the IRS has their way.  IOwnTheWorld has more… Marc Fisher reporting in the Washington Post: Across the nation, hundreds of thousands of taxpayers who are expecting refunds this month are instead getting letters like the one [Mary] Grice [of Takoma Park, Md.] got, informing them that because of a debt they never knew about — often a debt incurred by their parents — the government has confiscated their check. The Treasury Department has intercepted $1.9 billion in tax refunds already this year — $75 million of that on debts delinquent […]

George W. Bush’s Stimulus vs. Barack H. Obama’s – A Look Back

When Obama came into office, he faced the bursting of the housing bubble and a big recession. His answer was to respond with a stimulus package, mostly full of spending, but with some minor tax cuts thrown in for lip service. But his predecessor also came into office faced with a big recession and he also responded with his own stimulus package. Let’s take a look at the way both men handled the problems facing each. As I said above, let us remember why the Bush tax cuts even took place. When Bush & Cheney took office, they faced a […]

Death and Taxes….. and Death Taxes and Crony Capitalists

‘In this world nothing can be said to be certain, except death and taxes. _ Benjamin Franklin, 1817 Ben certainly knew what he was talking about, didn’t he? Life and death are two sides of the same coin. We also know there is no such thing as a free lunch; so it is no surprise to anyone that government is not free. We have to pay for the government we want and, sadly, we also have to pay for government we don’t want. So, we pay taxes for all of our different governments. The problem, of course, is most people feel […]

New Fee for Heating Oil in the Farm Bill? You Bet!

If you use oil to heat your home, prepare to bend over yet again.  It appears that the Farm Bill that is floating around has a new fee for home heating oil buried inside it.  Steve, From America’s Watchtower, has more…  Today I put 100 gallons of oil into my tank and it cost me $369.90, but when the Farm Bill becomes law it will cost me even more to put oil in my tank because hidden in this legislation is a new fee on home heating oil. Congress‘ mammoth farm bill restores the imposition of an extra fee on home heating […]

Simple Questions About Obamacare

To the American Left, please answer a few questions about Obamacare. How can the ACA be so good when it is going to drive tens of millions of Americans out of their existing coverage when the employer mandate kicks in?   What about the mandate forcing folks to act against their faith? Their 1st Amendment rights are violated under the ACA by making contraceptives, sterilization and aborto-facient drugs are mandatory for employers to provide.   What about the over 20 new taxes that are hitting the American people for a half a trillion dollars? These are levied against medical innovators, […]

Obama Is Eyeing Your Savings!

Remember when President Obama said “there comes a point when a person has earned enough”? Well, it should be a surprise that he also feels that people have saved more than they need for retirement. Mr. Obama has given new meaning to the word “arrogance”. With this scandal a day administration, it is no wonder some of their plans to get their hands on more of your money slip under the radar. On Aril 12, 2013, the Wall Street Journal wrote: How many times have you read financial-advice stories lecturing you to max-out on your IRA, save as much as […]