Archive for the ‘taxes’ Category

The political theater of the absurd

May 4, 2009

How else do you describe our Dear Leader going on TV with the Tax Cheat he put in charge of the US Treasury Department, so they could describe how they are going after offshore tax havens?

I don’t give this good odds of getting through Congress. It’s a fairly safe bet that a majority of the Senate and good chunk of the House have some of their own money sheltered from US taxes in those offshore tax havens. I’m pretty sure both of my Senators, the convicted felon and the admitted war criminal, are avoiding their fair share of taxes that way.

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Tea Party Protests

April 16, 2009

I was at the Worcester, MA TeaParty. Over 2,000 people attended, and that is here in the Peoples Commonwealth of Taxachusetts!


Leslie Bates was at the St. Paul, Minnesota TeaParty
, which had over 8,000 people.

Some of the pictures I took are posted at PJTV.

Cap and Tax

March 30, 2009

Our Dear Leader‘s so-called “Cap and Trade” program is really a “Cap and Tax” program that is going to suck more money from the paychecks of every American.

This energy tax is going to hit the poorest the hardest, since they pay the largest percentage of their income on energy costs (electricity, heating and transportation).

White House sources have admitted that this will be an average increase of $1,800 per family!

President Obama’s energy tax plan — a version of the failed European “cap and trade” global warming fiasco — may cost families $1,800 yearly in higher utility bills, far exceeding his promised $800 a year tax cut for 95% of Americans.

While campaigning, Obama admitted that his energy plan would cause electric bills to “skyrocket.” President Obama’s energy tax plan — a version of the failed European “cap and trade” global warming fiasco — may cost families $1,800 yearly in higher utility bills, far exceeding his promised $800 a year tax cut for 95% of Americans.

While campaigning, Obama admitted that his energy plan would cause electric bills to “skyrocket.”

So when Candidate Obama said that Americans making less than $250,000 a year would not see any new taxes, he was lying! Get used to it folks. It’s a long way until January 20, 2013.

Also published at the Urbin Report.

Obama’s massive middle class tax hike

March 16, 2009

Our Dear Leader is planning “the largest middle-class tax increase in history.”
This is a plan to tax medical benefits. As part of our Dear Leader‘s plan to socialize the medical industry here in the United States. Step one: fleece those with medical insurance to raise money to screw them.

The hypocrisy is pretty thick:

In television advertisements last fall, Mr. Obama criticized his Republican rival for the presidency, Senator John McCain of Arizona, for proposing to tax all employer-provided health benefits. The benefits have long been tax-free, regardless of how generous they are or how much an employee earns. The advertisements did not point out that Mr. McCain, in exchange, wanted to give all families a tax credit to subsidize the purchase of coverage.

Lies of the Obama cabal

February 27, 2009

Two big ones in a row.

First from the gaffmeister himself, Joe Biden. You can almost forgive him, because he has a long history of just saying wacky shit, but he is an official spokesman of our Dear Leader, so BHO should be keeping a leash on him.

Biden falsely claimed that Louisiana is loosing jobs a rate of 400 per day
. Of course, the actual truth is the opposite of what came out of Joe Biden’s mouth. Louisiana is adding jobs, i.e. the unemployment rate is falling. Don’t expect MSNBC (i.e. the “Obama network”) to point out this obvious error of the Obama administration.

The next big lie came from our Dear Leader personally. BHO claims that he can jack the taxes of “wealthiest 2% of Americans” to pay for his massive socialist government spending. The Wall Street Journal points out that the numbers just don’t add up.

Consider the IRS data for 2006, the most recent year that such tax data are available and a good year for the economy and “the wealthiest 2%.” Roughly 3.8 million filers had adjusted gross incomes above $200,000 in 2006. (That’s about 7% of all returns; the data aren’t broken down at the $250,000 point.) These people paid about $522 billion in income taxes, or roughly 62% of all federal individual income receipts. The richest 1% — about 1.65 million filers making above $388,806 — paid some $408 billion, or 39.9% of all income tax revenues, while earning about 22% of all reported U.S. income.

Note that federal income taxes are already “progressive” with a 35% top marginal rate, and that Mr. Obama is (so far) proposing to raise it only to 39.6%, plus another two percentage points in hidden deduction phase-outs. He’d also raise capital gains and dividend rates, but those both yield far less revenue than the income tax. These combined increases won’t come close to raising the hundreds of billions of dollars in revenue that Mr. Obama is going to need.

The bottom line is that Mr. Obama is selling the country on a 2% illusion. Unwinding the U.S. commitment in Iraq and allowing the Bush tax cuts to expire can’t possibly pay for his agenda. Taxes on the not-so-rich will need to rise as well.

On that point, by the way, it’s unclear why Mr. Obama thinks his climate-change scheme won’t hit all Americans with higher taxes. Selling the right to emit greenhouse gases amounts to a steep new tax on most types of energy and, therefore, on all Americans who use energy.

The numbers just don’t add up, and I’m betting that Team BHO knows it. They are just hoping that most Americans won’t do the math until it is too late.

More on Rangel’s tax scandel

November 25, 2008

New York democrat Charles Rangel is still in trouble with his tax crimes.

Harlem Rep. Charles Rangel took a “homestead” tax break on a Washington, DC, house for years while simultaneously occupying multiple rent-stabilized apartments in New York City, possibly violating laws and regulations in both cases.

Massachusetts Ballot Question 1

October 31, 2008

A yes vote will repeal the income tax here in the Peoples Commonwealth of Massachusetts.

I recommend not just voting yes, but HELL YES!

Our state government is corrupt and has been proven time and time again that they can’t be trusted with the citizen’s money.

Question 1 won’t stop them from raising other taxes. Already done that to the tune of some $200 million already this year.

Of course, our tax payer paid for Cadillac driving democrat governor will paint a story of doom and gloom and how orphans and the elderly will be the hardest hit. How does he know that, because that is what he is going to do instead of giving up his ride and cutting back on the wide spread waste and corruption in our state government.

How about getting read of the Mass Turnpike Authority with its six figure income board and handing control of the Pike over to the state highway department?
Here is another one, the state Liquor License Board, who get paid $85K ($100K for the chairman) for a part time job that could be handled by half of the six person staff who works for the board members.

Sadly the poster person for our state government is democrat state senator Diane Wilkerson, who is running for reelection, despite being arrested for accepting $23,500 in an FBI undercover operation. Given that Wilkerson has been reelected six times already, even after convictions for non-payment of taxes, I’d give her pretty good odds of winning.
Remember that Sen. Wilkerson had the support of our own democrat Gov. Deval Patrick. Gov. Patrick also is a strong supporter of Barak Obama. I do have some questions about his judgement in such matters.

Bottom line, the government in Massachusetts has shown itself unfit to be trusted with the money of citizens of the Commonwealth. It is time to deny them access to some of those funds.

Meanwhile, inside the Obama campaign

October 17, 2008

Two interesting bits of data.

First, Martin Nesbitt, the treasurer of Obama’s campaign, has tax liens. So do his companies. A likely glimpse into a Obama administration future?

Second, internally, the Obama campaign is very nervous about Gov. Sarah Palin and sees their lead slipping away.

Sweden gets it

September 29, 2008

They are cutting taxes across the board, including business taxes, to promote growth.

What is with democrats and not paying taxes?

September 9, 2008

Add to the list New York City democrat Charles Rangel, Chair of the House Ways and Means Committee. Let’s be serious here, this is the guy in charge of writing tax laws and we find that he hasn’t been paying his.

Charles Rangel, a man who writes federal tax laws as head of the House Ways and Means Committee, not only failed to pay taxes on income he received from a luxury resort property he owns, he financed the purchase with an interest-free loan from a campaign backer who is also a politically active lawyer.