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 […]
A 12 year-old in Idaho dared to sell fruit by the road. The state of Idaho seeks to punish him for it. News of a 12-year-old boy being investigated by the Idaho State Tax Commission has sparked a swift response from some members of the state Legislature. One senator is asserting that the staff at the state’s tax commission is too large, while a member of the House of Representatives is suggesting that it is time to reform the state’s tax laws. “I read with interest the requirement of a 12-year-old boy to collect sales tax,” wrote Sen. Steven Thayn, […]
The blue states continue to suffer from the plague that causes the “blueness,” namely, being run by Democrats. The latest victim is the state of NY. It seems that lots of New Yorkers decided to say, “nyet comerade” to the state government’s nonsense, and simply leaving. The kicker is? They are taking all their money with them, and that’s quite a lot! Here’s a map, with all the particulars, from Tax Foundation, via Lonely Conservative… The Blue states, those that are predominately Democrat controlled face an interesting choice; abandon the destructive high taxation and regulation that causes producers to leave, […]
As sad as it seems, ever increasing numbers of American citizens are renouncing their citizenship. The reason seems apparent-taxes. Wonk Wire has more… “The number of U.S. taxpayers renouncing citizenship or permanent-resident status surged to a record high in the second quarter, as new laws aimed at cracking down on overseas assets increase the cost of complying and the risk of a taxpayer misstep,” the Wall Street Journal reports. “A total of 1,130 names appeared on the latest list of renunciations from the IRS… That is far above the previous high of 679, set in the first quarter, and more […]
Imagine, if you will, a state that give companies a tax break. Then, five years later, demand the money back, with interest? Well, such a state exists. It is alive, and not so well in the People’s Republic of California! Here is some video… I wonder if, one day, that they’ll try to build a wall to keep people in? Related posts: California on the Brink: 144,000 Pay 50% of Income Taxes California Raises Taxes and Revenues Decrease: Who Saw That Coming? California Raises Taxes, Lose Revenues…Again! Taxing the Rich out of California Twelve Counties to Secede from California? Related […]
Well Congress is at it again. They’re trying to ram through a bill called the “Marketplace Fairness Act” and it’s anything but fair. It’s a bill that would fundamentally change interstate commerce by imposing tax burdens on Internet-based businesses while not applying the same burdens to brick-and-mortar companies. It’s extremely discriminatory by its very nature. Representative Mike Enzi (R, Wyo) tried to introduce this flawed bill back in February, but it met stiff opposition in committee so Enzi was forced to shelve it. Two months later it has been restructured so that it qualifies for a Senate rule that allows […]
Likes has a slideshow about why rich folks are moving out of California. I wonder how long it will be before someone suggest building a wall to keep them in? Related posts: California on the Brink: 144,000 Pay 50% of Income Taxes California Raises Taxes, Lose Revenues…Again! The Evil Rich are Still Moving: Tax Induced Exodus from Maryland Continues Twelve Counties to Secede from California? California Raises Taxes and Revenues Decrease: Who Saw That Coming? Related posts brought to you by Yet Another Related Posts Plugin.
Here is a great video, featuring Allen West. The topic is the income tax. Give it a look. http://www.nextgeneration.tv/s/GEZDIMRQ Unfortunately, the video does not embed. Related posts: CPAC 2013 Videos: Allen West 7 Registered Voters and 900 Votes Cast? Voter Fraud and Why the Allen West Recount Matters Allen West Teaches History: Leftists Ignore it California on the Brink: 144,000 Pay 50% of Income Taxes Califailure Alert: It Seems That There are Less High Income People to Tax Related posts brought to you by Yet Another Related Posts Plugin.
It seems that socialists all over the world are watching Cyprus, because it is a test case. Essentially, the government there decided to rob their citizens, literally over-night. It’s what I call the great Cyprus Bank Robbery. New Zeal has more… Very few things give me nightmares… Yesterday’s event in Cyprus was one of them and the media is conspicuously silent. What do you get when you combine worldwide Marxist elitists, bankers and the media? A worldwide depression and a new dark age. The IMF (in case you are wondering who they are) is using Greece as a proving ground […]
Obama said in his weekly address to the nation that “We all agree that it’s critical to cut unnecessary spending,” Obama said. “But we can’t just cut our way to prosperity. It hasn’t worked in the past, and it won’t work today.” President Obama is wrong, and this incorrect logic and ignorance of history is leading him to make wrong policy decisions today. We can cut our way to prosperity and it has worked in the past- in fact, it has worked a lot better than efforts in the past to spend our way to prosperity as Obama is suggesting […]
Categorize this under: There was a reason that the East Germans built a wall… It’s been said again and again-high taxes cause people to leave. And, no matter how many times it happens, liberals engage in the requisite outrage and condemnation for the problems that their own policies cause. For the latest example, we have to pay a visit to The Lid. Back in September when Bernard Jean Étienne Arnault the richest man in France applied for Belgian citizenship. Left-wing French newspaper Libération ran a picture of the head of LVMH with the headline, Casse-toi riche con! which (according to […]
Curtis Dubay at Heritage has an article on all of our new taxes, courtesy of the Obama administration. New Year’s Day was tough for taxpayers. Thirteen tax increases kicked in. The deal that Congress and President Obama struck that finally—but only partially—avoided the fiscal cliff resulted in seven tax increases. Those hikes combined with six tax increases from Obamacare that also began on New Year’s Day. 13 Tax Increases That Started January 1, 2013 Tax increases the fiscal cliff deal allowed: 1. Payroll tax: increase in the Social Security portion of the payroll tax from 4.2 percent to 6.2 percent […]
Elections have consequences kids, and one of them is apparently a lower pay check. For all of Obama’s promises to never raise taxes on the middle class, something went wrong. What went wrong, you ask? Well, people believed Obama, that’s what went wrong! Wyblog has more… Apparently a lot of people were complaining about their paychecks being unexpectedly smaller. Here’s the explanation from ADP: The reduced 4.2% rate for employee Social Security taxes that was in effect for 2011 and 2012 has expired. The employee Social Security tax rate will return to 6.2% for 2013 wages up to the taxable […]
They say that they definition of insanity is doing the same thing over and over, and expecting a different result. If that is indeed the case, California’s tax policies make them the official land of fruits and nuts, as they are proving the insanity axiom to be most true. On March 15th of this year, we took a look at the fact that after yet another failed tax increase… One of the greatest weaknesses of the statists is that their efforts at creating a fantasy world. more often than not, create the exact opposite of their stated intent. They try […]
OK, we’re facing the infamous ”fiscal cliff.” What doe that mean? It means that a crisis has been manufactured in order for Obama to triumph, and the Republicans to be scapegoated. Here’s how it will happen. 1. If both Houses and the POTUS fail to reach an agreement (read, if he Republicans fail to capitulate) there will be a rather unpleasant set of tax increases and budget cuts. 2.It doesn’t matter how many proposals the Republicans make. It won’t matter how many times the Democrats change the rules or break their word-it will ALWAYS be the Republican’s fault. 3. Reality doesn’t matter, and the MSM will […]
Evidence shows again and again that if you want there to be less of something. , you tax it. Well, either there is less of it, or it goes underground, which means you don’t get to tax it at all. The British are learning this lesson now, as after passing a unsubstantial increase in their highest tax rate, they suddenly found that they had far fewer millionaires to tax. The Telegraph has more… In the 2009-10 tax year, more than 16,000 people declared an annual income of more than £1 million to HM Revenue and Customs. This number fell to just 6,000 after Gordon Brown introduced the […]
Imagine the situation in which California finds itself. Out of all the income taxes collected by that state, 50% of it is paid by by only 144,000 people. Far less than one percent of the population. Doug Ross has more on the issue… California residents already contend with one of the most progressive tax codes in the country. Not only does California have high marginal rates, those high rates kick in at relatively modest income levels. California’s middle class residents earning $48,000 a year, for example, pay a state tax rate of 9.3%. Millionaires in 47 other states don’t even pay that […]
Steven Crowder applies Obama’s class warfare…to Halloween! It appears that our leftist friends have much more work to do in their brainwashing efforts. These kids sounded more and more like Tea Party members than the good, brain-dead Marxists that the public school are designed to create. H/T: The Blaze Related posts: The Theory Of Evolution, Obama-Style Equalizing Outcomes “Obama Style” Think Sustainable Living ala Agenda 21 Sunday Links: Halloween Edition Group Threatens to Sue McDonalds Over Happy Meals Public School Indoctrination: Video Shows Obama in “Glorious” Light Related posts brought to you by Yet Another Related Posts Plugin.
I wonder if the average American has any idea how their federal, state, and local governments cost them? It was a shock to me to sit down and estimate the total cost. I’m going to demonstrate that the average American is paying over 60% and possibly over 70% for their governments. First a little lead in to today’s story. My post on Tuesday had to do with the possibility of a sales tax on internet purchases. People are upset about and asked for help in understanding why. It seemed to me to be an extension of the sales taxes we already pay. You, dear readers, […]
The subject of sales tax on internet sales is something to which I haven’t paid much attention. From time to time some of the conservative blogs I follow have written on the subject and invariably they are dead set against the idea. Frankly, I have been left scratching my head as to why. So, I am hoping that you, dear readers, can help educate me on this. I have some questions. Why is “state” sales tax an issue for the federal government? From Fox Business_ For the record, you’re supposed to pay sales tax for online purchases (assuming you live in one of the 45 states with […]
After going over the transcript from President Barack Obama’s campaign event in Roanoke, Virginia on July 13, 2012- the know famous ‘you didn’t build that’ speech- there are a couple further points I would like to make. Picking up midway through his speech… President Obama says- “We’ve already made a trillion dollars’ worth of cuts. We can make another trillion or trillion-two, and what we then do is ask for the wealthy to pay a little bit more.” It is common knowledge that under President Obama the amount of money that the federal government spends each year (outlays) has gone up by quite a […]
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 all getting fat and lazy now that all of the state’s fiscal problems have been solved. Ahhh… happy days. When Illinois Gov. Pat Quinn signed a bill […]
Apparently, some governors are seeing dollar signs with online purchases. The bigger problem? The GOP seems to be on board. Big Government has more… Small companies who want to sell their products online are in real trouble. Some Republican governors, eager to enrich their thinning state coffers, are endorsing a tax that would be imposed on products sold online.According to the National Conference of State Legislatures Strapped, states could reap as much as $23 billion in new annual revenue. New Jersey Gov. Chris Christie recently agreed to allow Amazon to collect sales taxes on his state’s online purchases if they located […]
Fast on the heels of the Supreme Court’s historic decision to uphold Obamacare, I, the Manhattan Infidel, have decided to levy a tax on all Americans who do not visit my blog and hit up my tip jar. Accordingly, starting on Thursday July 12, 2012, all those who do not visit my blog will be taxed 55% of your base earnings. I do this because I care about America it will make me richer. This tax, or penalty, or as I like to call it “Tenalty” will be applied towards making America a better, healthier place I want your money. Some of […]