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Posts Tagged ‘Tax’

Opt-Out Obamacare Penalty Can’t Be Enforced — Unless You Get a Tax Refund

October 24, 2013 1 comment

Opt-Out Obamacare Penalty Can\’t Be Enforced — Unless You Get a Tax Refund

 

Rush Limbaugh ^ | 10-24-2013 | Rush Limbaugh

 

Posted on Thursday, October 24, 2013 1:48:07 PM by sheikdetailfeather

 

October 24, 2013 BEGIN TRANSCRIPT

 

Rush Limbaugh

Cover of Rush Limbaugh

 

RUSH: For those of us who take as long as we can to pay our taxes, October 15th was the extension filing date for 2012, and I dutifully was in there. My accountant, who is almost afraid to be my accountant because he thinks he\’s gonna get targeted, too, just \’cause his name\’s on my return, he said, \”Look, you may not know this, but you keep talking about these Obamacare fines if you don\’t buy a policy. Do you know that under the law –\” and I had to go look it up. Not that I didn\’t believe him, but he just never gets political with me. He stays over there. (interruption) No, no. He\’s not lib. It\’s a professional relationship.

 

 

 

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Report: Half of All Homes Are Being Purchased With Cash

August 15, 2013 1 comment

Report: Half of All Homes Are Being Purchased With Cash

 

Yahoo Finance ^

 

Posted on Thursday, August 15, 2013 8:30:20 PM by Red in Blue PA

 

bigbrowatch

bigbrowatch (Photo credit: GunnyG1345)

 

More than half of all homes sold last year and so far in 2013 have been financed without a mortgage, according to an analysis by economists at Goldman Sachs Group.

 

The analysis estimates that around 20% of all homes sold before the housing crash were “all-cash” sales (or around 30% of sales by dollar volume). But over the past seven years, the all-cash share of sales has more than doubled, increasing by more than 30 percentage points, according to economists Hui Shan, Marty Young and Charlie Himmelberg.

 

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Taxation Is Robbery….. by Frank Chodorov

May 30, 2013 5 comments
bigbrowatch

bigbrowatch (Photo credit: GunnyG1345)

 

 

 

 

 

 

 

 

 

 

 

 

 

The Encyclopaedia Britannica defines taxation as “that part of the revenues of a state which is obtained by the compulsory dues and charges upon its subjects.”

 

 

 

That is about as concise and accurate as a definition can be; it leaves no room for argument as to what taxation is. In that statement of fact the word “compulsory” looms large, simply because of its ethical content.

 

The quick reaction is to question the “right” of the State to this use of power. What sanction, in morals, does the State adduce for the taking of property?

 

Is its exercise of sovereignty sufficient unto itself?

 

 

 

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Obamacare: Taxpayers Must Report Personal Health ID Info to IRS

May 12, 2013 3 comments

Obamacare: Taxpayers Must Report Personal Health ID Info to IRS

 

Americans for Tax Reform ^ | Friday, May 10, 2013 | John Kartch

 

obampoint

obampoint (Photo credit: GunnyG1345)

 

 

 

Posted on Sunday, May 12, 2013 1:36:36 AM by garjog

 

When Obamacare’s individual mandate takes effect in 2014, all Americans who file income tax returns must complete an additional IRS tax form.

 

The new form will require disclosure of a taxpayer’s personal identifying health information in order to determine compliance with the Affordable Care Act’s individual mandate.

 

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Taxation is Robbery Part 2 – Frank Chodorov – Mises Daily

April 16, 2013 1 comment

[From Out of Step: The Autobiography of an Individualist, by Frank Chodorov; The Devin-Adair Company, New York, 1962, pp. 216-239.]

 

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gophum (Photo credit: GunnyG1345)

 

 

 

A basic immorality becomes the center of a vortex of immoralities. When the State invades the right of the in­dividual to the products of his labors it appropriates an authority which is contrary to the nature of things and there­fore establishes an unethical pattern of behavior, for itself and those upon whom its authority is exerted.

 

Thus, the income tax has made the State a partner in the proceeds of crime; the law cannot distinguish between incomes derived from production and incomes derived from robbery; it has no concern with the source. Likewise, this denial of owner­ship arouses a resentment which breaks out into perjury and dishonesty.

 

Men who in their personal affairs would hardly think of such methods, or who would be socially ostracized for practicing them, are proud of, and are com­plimented for, evasion of the income tax laws; it is con­sidered proper to engage the shrewdest minds for that purpose.

 

obamadash

obamadash (Photo credit: GunnyG1345)

 

 

 

 

 

 

 

More degrading even is the encouragement by bribes of mutual spying. No other single measure in the history of our country has caused a comparable disregard of principle in public affairs, or has had such a deteriorating effect on morals.

 

 

 

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Nevada Politician Uncovers FEMA Plans for “Zombie UFO Crash” Disaster Drill on April 27

March 7, 2013 Leave a comment
gophum

gophum (Photo credit: GunnyG1345)

 

Nevada Politician Uncovers FEMA Plans for “Zombie UFO Crash” Disaster Drill on April 27

 

Intellihub ^ | Mar 6, 2013 | JG Vibes

 

Posted on Thursday, March 07, 2013 6:14:44 PM by djf

 

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big (Photo credit: GunnyG1345)

 

 

 

This is where all that money that gets stolen from your paycheck goes to, a Zombie UFO Crash Drill, brought to you by FEMA and the US taxpayers.

 

Opposing Views Broke the story of David Lory VanDerBeek, who is running for Governor in Nevada in 2014. He recently posted a screenshot from the FEMA website of a supposed Zombie UFO Crash Disaster full-scale exercise drill planned for April 27th, 2013, from 9:00am to 5:00pm.

 

 

 

 

According to his website NevadaGovernor2014.com, the exercise was planned in Moscow, Idaho involving 100 participants. However, after VanDerBeek posted his article about the bizarre exercise, he claims that FEMA pulled the page down and replaced it with a statement that the information is now “only available to coalition members.”

 

RPREVOLU

RPREVOLU (Photo credit: GunnyG1345)

 

 

 

He then contacted Sandy Rollins, who was listed as the contact person for the drill event, with the following message:

 

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Just What is the “Fiscal Cliff?”

December 30, 2012 2 comments

As we approach the end of 2012, you’ve likely heard lots of talk among politicians and the media about the impending “fiscal cliff.” This term refers to a combination of tax increases and spending cuts that are slated to take effect in January 2013 if Congress fails to take action. But how will this affect you?

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big (Photo credit: GunnyG1345)

Payroll Tax – 2013 will bring the expiration of the payroll tax cut enacted by Congress in 2011. Starting next year, the current employee payroll tax rate of 4.2 percent will go back to 6.2 percent.

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Barack and Michelle cost FAR more in upkeep than Britain’s ROYALS!

December 19, 2012 1 comment

US taxpayers spent a staggering $1.4 Billion (yes, with a B) on the Obamas according to author Robert Keith Gray in his new book PRESIDENTIAL PERKS GONE ROYAL! (1)

 

The First family and Bo, their new Portuguese ...

The First family and Bo, their new Portuguese water dog, walk on the South Lawn of the White House. (Photo credit: Wikipedia)

 

Compare that to only $57.8 million the Brits shelled out for their royals and you have to ask what is going on with President Obama. Now word comes that he and first lady Michelle, their two daughters and Dog Bo will be spending an extended holiday vacation in Hawaii that will cost we taxpayers…

 

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The Criminal State by Gerard N. Casey… (” If it weren’t for the state’s enforcing contracts, protecting property rights, keeping the peace, printing currency, preventing monopolies, and so on, you or anyone else wouldn’t be able to go about your daily business. So, the argument goes…”)

December 15, 2012 16 comments

States are criminal organizations. All states, not just the obviously totalitarian or repressive ones. The only possible exceptions to this sweeping claim are those mini-states that are, in effect, swollen bits of private property, such as the Vatican.

 

I intend this statement to be understood literally and not as some form of rhetorical exaggeration. The argument is simple. Theft, robbery, kidnapping and murder are all crimes.

 

RPREVOLU

RPREVOLU (Photo credit: GunnyG1345)

 

Those who engage in such activities, whether on their own behalf or on behalf of others are, by definition, criminals. In taxing the people of a country, the state engages in an activity that is morally equivalent to theft or robbery; in putting some people in prison, especially those who are convicted of so-called ‘victimless crimes’ or when it drafts people into the armed services, the state is guilty of kidnapping or false imprisonment; in engaging in wars that are other than purely defensive or, even if defensive, when the means of defence employed are disproportionate and indiscriminate, the state is guilty of manslaughter or murder.

 

For many people, perhaps most, these contentions will seem both shocking and absurd. Some will immediately object that taxation is clearly not theft. They may say, as Craig Duncan does [1] , that since you don’t have legal title to all your pre-tax income the state commits no crime in appropriating that part of your income to which it is entitled. The problem with this objection is that it completely begs the question – is the state entitled to part of your income?

 

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gophum (Photo credit: GunnyG1345)

 

The libertarian contention that taxation is the moral equivalent of theft can be true, Duncan believes, only if people have a moral right ‘to keep and control all their earnings’ [2] but this claim, he thinks, is beset with fatal problems. To illustrate this point, he rehearses the tragedy of Annie, the antiques dealer, who has to hand over 20 per cent of her earnings to the owner of the premises she rents to conduct her business.

 

If Annie were to claim that she had a right to all her earnings and shouldn’t be obliged to fork over the 20 per cent, the building owner will respond that without his premises, she wouldn’t have been able to make any sales in the first place.

 

GyGRet

GyGRet (Photo credit: GunnyG1345)

 

‘Something similar,’ says Duncan, ‘is true of government taxes.’ [3] If it weren’t for the state’s enforcing contracts, protecting property rights, keeping the peace, printing currency, preventing monopolies, and so on, you or anyone else wouldn’t be able to go about your daily business. So, the argument goes, by analogy the state has a moral entitlement to a portion of your earnings, presumably to at least an amount sufficient to cover the costs of these services.

 

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It’s Time To Turn the Tables on this Presidential Bully

December 7, 2012 Leave a comment
IS THIS MAN, PRESIDENT OF THE UNITED STATES OF...

IS THIS MAN, PRESIDENT OF THE UNITED STATES OF AMERICA, THE LEADER OF THE FREE WORLD, MENTALLY ILL? (Photo credit: SS&SS)

 

Something is very wrong in the world when the most dogmatic and inflexible president in recent memory can make unreasonable demands of his GOP budget opponents and yet be confident they’ll be blamed for the impasse.

 

It is past time Barack Obama be held accountable for his intentionally irresponsible fiscal policies that are guaranteed to take us into national bankruptcy. It is outrageous enough that he is steering us into insolvency, but it is unbearable that he’s fraudulently blaming the Republican Party for it to boot.

 

This is not a close call, and reasonable people, if they understood the facts, would not support Obama.

 

 

 

The problem is that so many people who trust him, inexplicably, look no further than his disingenuous statements and the liberal media’s slanted reporting, and the Republican Party leadership simply cannot seem to get its message across.

 

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gophum (Photo credit: GunnyG1345)

 

It would help if they evidenced more faith in the wisdom of their own approach.

 

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Congress Considers Taxing Internet Sales

December 7, 2012 Leave a comment

Some Republicans are siding with Democrats around the proposition that online sales should be taxed. Now, Congress is adding a rider to the National Defense Authorization Act that would allow such a tax. The so-called Marketplace Fairness Act, which also has a House counterpart, the Marketplace Equity Act, will allow states to collect sales taxes on retailers who are located out of state.

 

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obamadash (Photo credit: GunnyG1345)

 

 

This would be a fundamental expansion of states’ power to tax; it arguably violates the privileges and immunities clause, allowing states to set up tariffs against other states’ businesses…

 

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December 4, 2012 Leave a comment

The True Disciple of Saul Alinsky

Filed under: NewsLeave a comment
December 4, 2012

Reblogged from ACGR’s “News with Attitude”:

Click to visit the original post 

Patrick J. Buchanan
12/4/2012
Source …..

Treasury Secretary Tim Geithner’s opening bid to Speaker John Boehner, a demand for $1.6 trillion in new taxes, was not meant as a serious offer. It was an ultimatum couched in an insult. Translation:

“We won the election. We have the whip hand. Not only are you going to sign on to higher tax rates and higher tax revenues, we are going to rub your Tea Party noses in your coming capitulation.”

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The True Disciple of Saul Alinsky

 

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Gunny G: WHAT “THE FOLKS” ARE SAYING: They Are Going To Make It Nearly Impossible To Pass On A Farm Or A Business To Your Children

November 24, 2012 1 comment

They Are Going To Make It Nearly Impossible To Pass On A Farm Or A Business To Your Children

Economic Collapse ^ | 20 November 2012 | Michael

Posted on Saturday, November 24, 2012 9:59:49 AM by Lorianne

They Are Going To Make It Nearly Impossible To Pass On A Farm Or A Business To Your Children……

MORE!!!!!

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3.8% Tax: What’s True, What’s Not

October 25, 2012 Leave a comment

Rumors about the 3.8% Medicare tax continue to circulate. Here’s the definitive word on what’s true and what’s not on how the tax impacts real estate.

 

romino

romino (Photo credit: GunnyG1345)

 

Ever since health care reform was enacted into law more than two years ago, rumors have been circulating on the Internet and in e-mails that the law contains a 3.8 percent tax on real estate.

 

NAR quickly released material to show that the tax doesn’t target real estate and will in fact affect very few home sales, because it’s a tax that will only affect high-income households that realize a substantial gain on an asset sale, including on a home sale, once other factors are taken into account. Maybe 2-3 percent of home sellers will be affected.

 

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obamadash (Photo credit: GunnyG1345)

 

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The unconstitutional Obamacare “tax”

October 16, 2012 Leave a comment

First, Barack Obama told us the legislation he happily refers to as “Obamacare” was not a tax.Then, to make a Supreme Court defense of the legislation, his surrogates insisted it was a tax.But there’s more to this controversy than hypocrisy and having it both ways.

 

Official 2005 photo of Chief Justice John G. R...

Official 2005 photo of Chief Justice John G. Roberts (Photo credit: Wikipedia)

 

While Supreme Court Chief Justice John Roberts shocked many by siding with the administration’s argument in the case against Obamacare, there is a major constitutional problem with defining the health-care mandate as a tax.And that’s why the Pacific Legal Foundation is challenging the Supreme Court decision in a case that could prove to determine whether the Constitution’s plain language about the conduct of federal government business means what it says.

 

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Nearly Unanimous: All American Should Pay Income Taxes

September 28, 2012 Leave a comment

 

Fox News has come out with a poll showing overwhelming agreement that all Americansshould pay income taxes.

 

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obamadash (Photo credit: GunnyG1345)

 

 

 

Seventy-nine percent say everyone should pay something, according to a Fox News poll released Thursday. That includes 85 percent of Republicans, 83 percent of independents and 71 percent of Democrats.

 

According to the IRS, last year approximately 41 percent of tax filers did not pay federal income tax. The Tax Policy Centerestimates that will increase to 46 percent this year.

 

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RPREVOLU (Photo credit: GunnyG1345)

 

 

 

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Taxpayers spent $1.4 billion on Obama family last year (on everything from staffing, housing, flying and entertaining President Obama and his family), perks questioned in new book

September 27, 2012 1 comment

 

Taxpayers spent $1.4 billion dollars on everything from staffing, housing, flying and entertaining President Obama and his family last year, according to the author of a new book on taxpayer-funded presidential perks.

 

English: President Barack Obama, First Lady Mi...

English: President Barack Obama, First Lady Michelle Obama, and their daughters, Sasha and Malia, sit for a family portrait in the Green Room of the White House, Sept. 1, 2009. Français : Le président Barack Obama, la First Lady Michelle Obama et leurs filles Sasha and Malia, assis dans la Green Room de la Maison Blanche pour un portrait de famille, 1er sept. 2009. (Photo credit: Wikipedia)

 

In comparison, British taxpayers spent just $57.8 million on the royal family.Author Robert Keith Graywrites in “Presidential Perks Gone Royal” that Obama isn’t the only president to have taken advantage of the expensive trappings of his office.

 

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gophum (Photo credit: GunnyG1345)

 

 

 

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Hillary Clinton Pushes for Global Tax on Elites

September 25, 2012 2 comments

 

In remarks this morning to the Clinton Global Initiative, Secretary of State Hillary Clinton proposed a radical idea: a global tax on elites around the world.

takethngsawayfryou
Before the release, American Secretary of Stat...

Before the release, American Secretary of State Hillary Clinton discussed the leak with diplomats. (Photo credit: Wikipedia)

“One of the issues that I have been preaching about around the world is collecting taxes in an equitable manner, especially from the elites in every country,” Clinton said to laughter from the audience. “You know I’m out of American politics, but – (applause) – it is a fact that around the world, the elites of every country are making money.”

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Pastors pledge to defy IRS, preach politics from pulpit ahead of election

September 20, 2012 Leave a comment

 

More than 1,000 pastors are planning to challenge the IRS next month by deliberately preaching politics ahead of the presidential election despite a federal ban on endorsements from the pulpit.

The defiant move, they hope, will prompt the IRS to enforce a 1954 tax code amendment that prohibits tax-exempt organizations, such as churches, from making political endorsements. Alliance Defending Freedom, which is holding the October summit, said it wants the IRS to press the matter so it can be decided in court. The group believes the law violates the First Amendment by “muzzling” preachers.

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GM Admits There’s No Market for Chevy Volt (Dealer tax credit, lease scam)

September 13, 2012 Leave a comment

 

 

 

GyGRet

GyGRet (Photo credit: GunnyG1345)

 

Reuters‘ article earlier this week created quite a buzz when it suggested that General Motors was losing $49,000 on every ChevyVolt sold. While many continue to debate just how much money GM loses on the politically-motivated car, a more important story on the Volt was reported by Automotive.com last week which explained the increase in August sales

 

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RPREVOLU (Photo credit: GunnyG1345)

 

numbers for the vehicle.

 

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gophum (Photo credit: GunnyG1345)

 

The piece exposes how GM (along with taxpayers) is heavily subsidizing leases and even gets an embarrassing admission from GM on the struggling Volt that, “The whole idea is we’re creating a market.” And this blockbuster, “There is no plug-in market.”

 

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Destroying Internet Freedom by Taxation :

August 31, 2012 5 comments

 

Government taxation is as old as the first brute using force to steal from those intimated by threats. So why should it be any different for the internet? In today’s political environment of choosing winners and losers, the rush to tax online sales is gathering steam.

 

realobam

realobam (Photo credit: GunnyG1345)

 

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FCC eyes tax on Internet service

August 26, 2012 Leave a comment

 

FCC eyes tax on Internet service

The Hill ^

Posted on Sunday, August 26, 2012 11:45:26 AM by Sub-Driver

FCC eyes tax on Internet service By Brendan Sasso – 08/26/12 06:00 AM ET

The Federal Communications Commission is eyeing a proposal to tax broadband Internet service.

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Some California ‘Meter Maids’ Are Making Nearly $100K a Year

August 16, 2012 Leave a comment

 

Back in July, experts said California only saw the “tip of the iceberg” after three of its cities were forced to declare bankruptcy. Though the budget is as large as a number of small countries, lawmakers in the state

 

beerdrinkundawg

beerdrinkundawg (Photo credit: GunnyG1345)

 

have made a habit of spending everything they have, and then some. With Governor Jerry Brown proposing to raise taxes even higher to bridge the gap, some are wondering how the state is spending its existing funds.

 

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Prison Planet.com » The Next Election: High Stake Outcomes Based on Non-issues

August 12, 2012 1 comment

 

The election of the next puppet president of the “world’s only superpower” is about two and one-half months off, and what are the campaign issues?

 

GyGRet

GyGRet (Photo credit: GunnyG1345)

 

 

 

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RPREVOLU (Photo credit: GunnyG1345)

 

There aren’t any worthy of the name.

 

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Obama’s signature move: unsealing private records

August 2, 2012 Leave a comment

 

Mitt Romney presents one enormous problem for Barack Obama’s campaign: No divorce records.

 

obamadash

obamadash (Photo credit: GunnyG1345)

 

That’s why the media are so hot to get their hands on Romney’s tax records for the past 25 years.

 

Mitt Romney - Caricature

Mitt Romney – Caricature (Photo credit: DonkeyHotey)

 

They need something to “pick through, distort and lie about” — as the Republican candidate says.

 

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Pelosi Threatens Media: ‘Maybe The People Writing These Stories’ Should Release Their Tax Returns

July 19, 2012 1 comment

 

Pelosi Threatens Media: ‘Maybe The People Writing These Stories’ Should Release Their Tax Returns

 

Nancy Pelosi, Speaker of the United States Hou...

Nancy Pelosi, Speaker of the United States House of Representatives. (Photo credit: Wikipedia)

 

Posted on Friday, July 20, 2012 1:06:39 AM by lbryce

 

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Once a Liar… “..what Obama has attempted to do is to destroy America’s spirit…”

July 11, 2012 25 comments

The man is a liar. Every time Barack Obama gives a speech or makes a statement and then turns to walk away from the podium, I expect to see another set of lips on the back of his head, flapping out the opposite of whatever the front of him just finished blabbing.

English: Barack Obama delivers a speech at the...

English: Barack Obama delivers a speech at the University of Southern California (Video of the speech) (Photo credit: Wikipedia)

 

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Does ObamaTax even EXIST in the U.S. Tax Code?

July 2, 2012 Leave a comment

Remember, Obamacare is only legal if it’s understood as a tax. But normally when Congress amends tax law, which the mandate would do, there is language in the text of the bill that references the U.S. Tax Code and how the current bill will amend it. For example, here is the text of the Bush Tax Cuts in 2003:

AMENDMENT OF 1986 CODE

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The Power To Tax Is the Power To Destroy by Peter Schiff

July 1, 2012 4 comments

The Supreme Court decision is devastating for the economy and individual liberty. Apart from creating an all powerful federal government, changing substantially what it means to be an American, the law will send health care costs soaring, further undermining our economy.

realobam

realobam (Photo credit: GunnyG1345)

It will destroy jobs, impoverish millions, and lead to much higher inflation and lower living standards.

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Chief Justice Roberts: It’s Not A Tax, It Is A Tax; It’s Law, But It’s Not ‘Unlawful’ to Break It

June 29, 2012 4 comments

In his deciding opinion in the cases challenging the Patient Protection and Affordable Care Act (AKA Obamacare), Chief Justice John Roberts first says the mandate in the law requiring individuals to buy health insurance is not a tax.

John Roberts - Caricature

John Roberts – Caricature (Photo credit: DonkeyHotey)

Then he says it is a tax.

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The Daily Bell – Capital Controls Have No Place in a Free Society By: Ron Paul

May 30, 2012 1 comment

By: Ron Paul

The characteristic mark of a tyrannical regime is that it eventually finds it necessary to erect walls to keep people from leaving. This is why we should be troubled by the “Ex-PATRIOT Act,” an egregiously offensive bill recently introduced in the Senate. Following a long line of recent legislation and regulations attempting to expropriate more and more wealth from hard-working Americans, this new bill spits in the face of overburdened taxpayers and tramples on the Constitution.

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Facebook co-founder Eduardo Saverin was a U.S. taxpayer, not a traitor

May 28, 2012 Leave a comment

Eduardo Saverin, the co-founder of the social network and Facebook Inc., stands accused of violating the social contract — the idea that government is based on an agreement among its citizens to ensure mutual protection of person and property.

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Gunny G: Sounds Like Just Another Big Government Tax To Me…. « CITIZEN.BLOGGER.1984+ GUNNY.G BLOG.EMAIL

May 25, 2012 1 comment

Sounds Like Just Another Government Tax To Me….

Looks like everybody wants to get into the act…the “taxing you” racket, that is!

Now, merchants selling Armed Forces branded merchandise must obtain a license to do so and pay royalties to the military.

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US Citizens Now One Step Closer To Becoming Permanent Tax Slaves (Take a look at the Ex-PATRIOT Act)

May 22, 2012 Leave a comment

This week, the universally stupid brainchild of US Senators Chuck Schumer and Bob Casey known as the Ex-PATRIOT Act inched a bit closer towards becoming law.

WASHINGTON - FEBRUARY 3:  United States Senato...

WASHINGTON – FEBRUARY 3: United States Senator Chuck Schumer (D-NY) listens as U.S. President Barack Obama speaks during a meeting of the Senate Democratic Policy Committee at the Newseum February 3, 2010 in Washington, D.C. Obama spoke on a range of topics including the state of the economy and healthcare reform. (Image credit: Getty Images via @daylife)

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(“Imagine 80 MPG? Don’t…government will never allow such a drastic reduction in its tax-haul, says Eric Peters.”) Is the Government Really Concerned About ‘Gas Mileage’? by Eric Peters

May 19, 2012 3 comments

Recently by Eric Peters: The Truth About New Technology X

There is a big problem with high-mileage cars – from the point-of-view of the government.

Less revenue.

portrait Eric Peters

portrait Eric Peters (Photo credit: Wikipedia)

Imagine an 80 MPG car – which could be built right now, easily, with existing technology. (Several current European models are already pretty close to the 80 MPG bar.)

Such a car could cut the average person’s fuel costs by two-thirds – in effect, putting things back the way they were circa 1986, when gasoline still cost about $1 per gallon. It would do a great deal to ease the economic pressure bearing down on the average person. But if tens of millions of Americans were suddenly using two-thirds less fuel, they’d also be paying two-thirds less in motor fuels taxes.

You don’t have to be a conspiracy nut to wonder what effect contemplation of this possibility has had on government policy.

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GOODBYE, AMERICA: Billionaire Facebook Cofounder Renounces Citizenship (Your taxes are not for me)

May 11, 2012 2 comments

Billionaire Facebook cofounder Eduardo Saverin is renouncing his citizenship ahead of the company’s IPO at the end of next week.

Saverin is the cofounder who got booted from the company WAY back in 2005. They made a movie about it.

His 4 percent stake is worth about $4 billion and he’s going to save a boatload on taxes with the move.

Singapore, where Saverin lives, does not have a capital gains tax.

He will have to pay an exit tax on his holdings, but it will be at Facebook’s valuation now, not after the IPO.

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Obama parties, campaigns all the time on taxpayer’s dime

April 27, 2012 Leave a comment

Obama parties, campaigns all the time on taxpayer’s dime

Bayoubuzz LLC ^ | April 27, 2012 | Jeff Crouere

Posted on Friday, April 27, 2012 5:25:28 PM by Marketfly1

Barack Obama delivers a speech at the Universi...

Barack Obama delivers a speech at the University of Southern California (Video of the speech) (Photo credit: Wikipedia)

The President certainly enjoys the perks of his position in the White House. From extravagant vacations to approximately 100 rounds of golf, it has been a pretty enjoyable tenure for Mr. Obama. He has been able to meet celebrities, travel the world and play his favorite games.

While our nation’s problems are not his primary concern, the President sure acts interested when giving speeches in battleground states. Most of these speeches are political and not official business, but the President continues to charge the travel expenses to the American people.

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They Call Him Comrade

April 22, 2012 1 comment

Dear Comrade Roy,

To paraphrase the movie Billy Madison, I think we are all a little dumber for having listened to your question here today. Your question is another shining example why liberals should NEVER have anything to do with our economy.

Corporations may pass along corporate taxes to customers, but that doesn’t mean that the tax has no effect on them. When a corporation is saddled with high taxes, they raise the price of the products they sell, which means that they sell fewer products and they do so at a lower profit margin.

Corporations write checks to the government all the time to pay for taxes on their profits.

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Prison Planet.com » IRS To Revoke Passports of 30,000 U.S. Troops?

April 17, 2012 1 comment

“About 30,000 active-duty troops and a similar number of reserve-component members owe the Internal Revenue Service a collective $390 million in back taxes, according to IRS data,” reports WTLX.A new law buried within a transport bill that has already passed the Senate and is expected to pass the House shortly would empower the IRS to revoke passports of Americans accused of tax delinquency.

“There is no requirement that the tax payer be guilty of or even charged with tax evasion, fraud, or any criminal offense — only that the citizen is alleged to owe the IRS back taxes of $50,000 or more,” reports the Daily Economist.

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Federal travelers receive $36 of taxpayer money for dinner

March 20, 2012 Leave a comment
Tax

Tax (Photo credit: 401K)

Federal travelers receive $36 of taxpayer money for dinner

Milwaukee Story ^ | 03.20.12 | Dan Rutter

Posted on Tuesday, March 20, 2012 12:28:40 PM by JudgeNap

Is it really necessary that federal travelers have about a $30 meal when on travel (and a $6 tip)? American taxpayers would be unlikely to think so, and if they found out that federal travelers were having that expensive of a dinner paid for by the government there would be justifiable public outrage. Many in our nation are struggling to even provide basic meals for their families, why should federal travelers be afforded such luxury? Do not worry it gets worse…

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‘Nobody Considers That a Tax’ (Americans need to expand our idea of what a tax is)

March 5, 2012 1 comment

We Americans need to expand our idea of what a tax is. Some may contend that an expenditure is only a tax when government labels it as such and there’s a rate or assessment attached to it. Those people are sophists. Provided that it is not a penalty for an illegality, any government-caused expense that must be paid should be regarded as a tax.

Tax

Tax (Photo credit: 401K)

When government policies make the prices of essentials higher than they would be in a free market, we’re talking taxes. We hear journalists talk about rising oil prices as a tax hike. If such prices are due to government energy policies, like not drilling in ANWR or not building the Keystone XL pipeline, then the journalists are right, the higher prices are a tax. Whether he understands it or not, President Obama was talking about tax hikes in a videotaped interview with the San Francisco Chronicle when he said:

“Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket … Coal-powered plants, you know, natural gas, you name it, whatever the plants were, whatever the industry was, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers.”

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OBAMA Oil sets $7 a gallon gas price target

February 24, 2012 3 comments

OBAMA Oil sets $7 a gallon gas price target

MensNewsDaily.com ^ | March 3, 2010 | Roger F. Gay

Posted on Wednesday, March 03, 2010 8:33:00 AM by RogerFGay

To meet the Obama administration’s targets for increasing fuel taxes, researchers say that Americans will have to pay $7 for a gallon of gasoline; about 17 percent more than drivers in green-conscious and generally highly taxed Sweden.

In their study, researchers at Harvard’s Belfer Center for Science and International Affairs devised several combinations of tax increases to address 70 percent of the oil used in the United States. The combinations were selected to match fuel consumption reduction targets. Most of their models assumed an economy-wide carbon dioxide tax starting at $30 a ton in 2010 and escalating to $60 a ton in 2030. In some cases researchers also factored in tax credits for electric and hybrid vehicles, taxes on fuel or both.

Fuel Taxes Must Rise, Harvard Researchers Say

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OBAMA Oil sets $7 a gallon gas price target

February 24, 2012 1 comment

OBAMA Oil sets $7 a gallon gas price target

OBAMA Oil sets $7 a gallon gas price target

 

(THE DE FACTO NATIONALIZATION OF THE US ECONOMY) USA Slipping and Sliding Towards Fascism – The Dollar Vigilante Blog -

February 23, 2012 Leave a comment

I never watch the State of the Union in the US. I just can’t stand someone looking into my eyes and lying to me for an hour. But I sometimes like to skim the transcripts after, mostly for entertainment, to see how they spin everything.

But the one thing I’ve noticed is there are never any tangible plans or strategies laid out. It’s pure demagoguery. But, behind the scenes, the US Government is working to transform the country in leaps and bounds… and not for the better.

Buried deep in Barack O’Bomber’s 2013 budget is actually a plan to all but outright nationalize the US Economy.

EXCERPT

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Prison Planet.com » Chart of the Week: Nearly Half of All Americans Don’t Pay Income Taxes

February 22, 2012 1 comment

This year’s Index of Dependence on Government presented startling findings about the sharp increase of Americans who rely on the federal government for housing, food, income, student aid or other assistance. (See last week’s chart.)

Another eye-popping number was the percentage of Americans who don’t pay income taxes, which now accounts for nearly half of the U.S. population. Meanwhile, most of that population receives generous federal benefits.

“One of the most worrying trends in the Index is the coinciding growth in the non-taxpaying public,” wrote Heritage authors Bill Beach and Patrick Tyrrell. “The percentage of people who do not pay federal income taxes, and who are not claimed as dependents by someone who does pay them, jumped from 14.8 percent in 1984 to 49.5 percent in 2009.”

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Taxpayers Clipped to Keep Senate Barbershop Afloat (“Yet despite these high prices, the shop, which is supposed to be self-sustaining, ended up $300,000 in the hole last year and got its own taxpayer bailout, proving once again that government is incapable of performing even the smallest tasks cheaply and competently.”)

February 15, 2012 Leave a comment

A shave and a haircut will cost you more than two bits just about anywhere, but it’ll run you over two Hamiltons at the U.S. Senate barbershop — more than double what barbers in some parts of the country charge.

Yet despite these high prices, the shop, which is supposed to be self-sustaining, ended up $300,000 in the hole last year and got its own taxpayer bailout, proving once again that government is incapable of performing even the smallest tasks cheaply and competently.

According to a report in The Daily, the barbershop opened in 1859 and strictly served Senators, whose tonsorial treatments were provided at taxpayer expense, until the early 1970s, when it was opened to the public — with the proviso that Senators and Senate employees take precedence over the people they are allegedly serving.

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OBAMA Oil sets $7 a gallon gas price target (ReBlog)

January 5, 2012 9 comments

OBAMA Oil sets $7 a gallon gas price target

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GUNNY G: Pacific Wrecks…

December 31, 2011 Leave a comment
Pacific Wrecks Pacific Wrecks Pacific Wrecks

 

Happy New Year
Thank you for your visit to Pacific Wrecks during the past year. As 2011 comes to a close, I am proud to share a very special story with you, and appeal to users to make a donation to help our mission of preserving the history of the Pacific War. Stay tuned for many new surprises upcoming in 2012. Be sure to visit: PacificWrecks.com | Facebook Pacific Wrecks | Twitter Pacific Wrecks

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The Keystone Ultimatum (Will Obama veto a tax holiday to stop a job-creating pipeline?)

December 16, 2011 1 comment

The Keystone Ultimatum (Will Obama veto a tax holiday to stop a job-creating pipeline?)

Wall Street Journal ^ | 12/16/2011

Posted on Friday, December 16, 2011 12:36:22 PM by SeekAndFind

We’ve largely ignored the not-so-great payroll tax debate on the assumption that it would pass in any case and won’t matter much to the economy. But now things are getting interesting: If Republicans hang tough, they might even get a useful policy victory in return for giving President Obama his political fillip.

Keep in mind that the payroll tax “cut” is nothing more than a tax holiday. All the political palaver is about extending it for one more year, through 2012, so Mr. Obama can claim he did something for middle-class voters before Election Day. Because it is temporary, the tax holiday will do little to change employer incentives to hire.

The best one can say for the payroll reprieve is that individuals will better spend the money than the government would. The problem is that government will keep spending anyway, borrowing the money instead. The one-year payroll extension will take something like $121 billion from Social Security revenues, which means about 10% to 15% of the entire federal budget deficit expected for this fiscal year

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Why Would the IRS Hold a Secret Meeting?

December 13, 2011 1 comment

On Thursday, December 8th, the IRS held a secret meeting regarding a new tax policy. The hearing was required by law, as the IRS was proposing new legislation, but the IRS did everything in its power to keep it from the public. It only announced the meeting on the 7th, one day earlier, and only allowed people who signed up in advance to attend. Even then, they were not allowed to speak.

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