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Posts Tagged ‘volcker’

Update:  Half of households in US pay no income tax.

Yeah, this is fair.  Note that I’m not in the top 10% – not even remotely close, but I say that just isn’t fair at all.

The result is a tax system that exempts almost half the country from paying for programs that benefit everyone, including national defense, public safety, infrastructure and education. It is a system in which the top 10 percent of earners — households making an average of $366,400 in 2006 — paid about 73 percent of the income taxes collected by the federal government.

Here’s the knife to the heart…

The bottom 40 percent, on average, make a profit from the federal income tax, meaning they get more money in tax credits than they would otherwise owe in taxes. For those people, the government sends them a payment.

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Operation Remodel continues on.  I am continually amazed at the stupidity of the people who owned the house before us and I now actively hate them.

Father-in-Law – aka Crash Bandicoot fell two days ago and wrecked his shoulder.  He still can’t lift a weight (other than the weight of his arm) to shoulder height.  Bad fall and that was just walking across the driveway.

Told him to relax and not worry about the remodel, I can certainly try to do it in steps that will minimize damage to myself.  Note I did not say “No damage.”  There will be pain.  Not looking forward to it, but it has to be done.

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All the hopesy-changey people who love Obama and are willing to suckle at the Great Teat (aka the Largesse of the Taxpayer) for free have been confused, the poor dears.

It seems that they thought things would be free, free, FREE.  And right now.

I’m tickled that they are disappointed.

I know that they have very real serious problems that are hardships, and I do feel for them.  I also know that the US was clearly not founded to be a Socialist State.  Asking me to pay for someone else’s health care just increases the welfare state.

Volcker’s Value Added Tax is a way to increment taxation while making it less obvious to the taxpayer.

Acknowledging it would be a highly unpopular move, White House economic adviser Paul Volcker said yesterday the United States should consider imposing a “value added tax” similar to those charged in Europe to help get the deficit under control.

A VAT is a national sales tax that, like state and city sales taxes, would be collected by retailers.

Volcker, at the New-York Historical Society, told a panel on the global financial crisis that Congress might also have to consider new taxes on carbon and energy.

The President has passed historic tax cuts for middle-class families and continues to push for more tax cuts. The President is not proposing to cut the deficit at the expense of middle-class families,” said a White House official asked for comment.

See the bold type up there?  Historic tax cuts?  I’m going to get reamed for more health care dollars and they call this tax cuts?  All this extra spending has to come from somewhere, and it won’t get paid for by tax cuts.

Whatever happened to cutting fat out of the budget as opposed to spend-spend-spend and take more from taxpayers to cover it?

He added, “If, at the end of the day, we need to raise taxes, we should raise taxes.”

With their current plans, taxes will have to be raised.

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WikiLeaks, which really is pretty much a biased show, showed video skewed to make it look like the US carried out unprovoked attacks on civilians.  Two Reuters photographers died during the strikes.

Civilians don’t carry AK-47’s AND RPG’s.

Hanzlik called the death of the Reuters photographers “incredibly unfortunate.” That sad part is, he said, they weren’t wearing any markings or jerseys that would have signaled to U.S. forces they were members of the media.

Unmarked reporters hanging out with militants who are attacking the US forces should not expect safety.

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How come Tea Partiers are continually considered an all-white organization?  To the best of my knowledge there were no requirements to join and that it actually was fairly diverse.  Oh, that’s right… Brightbart.

ALBANY, N.Y. (AP) – They’ve been called Oreos, traitors and Uncle Toms, and are used to having to defend their values. Now black conservatives are really taking heat for their involvement in the mostly white tea party movement—and for having the audacity to oppose the policies of the nation’s first black president.

I would think taking heat on something like this would be a badge of honor – standing up for what you believe in, even if it goes against the flow of a number of your contemporaries – not taking the easy route and standing up for what you believe in.

“You have to be honest and true to yourself. What am I supposed to do, vote Democratic just to be popular? Just to fit in?” asked Clifton Bazar, a 45-year-old New Jersey freelance photographer and conservative blogger.

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