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Don't believe the Obama lies on taxes
Libertarian Republican ^ | Friday, July 8, 2011 | Wayne Allyn Root

Posted on 07/09/2011 8:05:16 PM PDT by FreeKeys

Here's the dirty little secret. Raising taxes kills jobs, kills the economy, and deepens a recession into a Great Depression.

Taxes aren't the lowest they've ever been. Obama and his friends (the FOOLS) are lying to you. Taxes are the highest in history when you add up federal income taxes, state, local, property, sales taxes, social security and medicare taxes, taxes disguised as fees, and the loss of deductions. The tax burden on small business owners has never been higher. And Obama threatens to make it far higher- perhaps an unimaginable ten times higher by taking away the home mortgage deduction and removing the cap on Social Security taxes.

This is all causing fear, loathing, depression and panic among the job creators. This is causing millions of Americans to consider leaving the U.S.A for places where business owners are appreciated and rewarded, not demonized and punished. That means they will take with them millions of jobs- gone forever.

Here's a simple lesson in this scenario. The New York Post reported recently that toll prices (ie taxes) at bridges throughout New York had increased dramatically. The result? Traffic has dropped dramatically at those bridges. Taxes ruin everything they touch.

That's the same reason over $1 trillion dollars of wealth has transferred from New York to Texas in the past decade. Taxes ruin business. Taxes force people to either spend less or re-locate to places with lower taxes. It's the same reason that NY, New Jersey, Illinois, Michigan and California are bleeding- losing jobs, losing taxpayers, increasing debt by the billions. These high-tax and spend states lead the nation in debt and moving vans moving out of their state. Taxes kill whatever they touch.

Let's compare how different Presidents handled the issue of taxes.

When Reagan cut our taxes from 70% to 28% everyone had jobs, restaurants were booming, real estate was exploding, stocks were soaring, furniture was moving, auto sales were flying, it was one big party. It was morning in America.

Under tax and spend liberals like Jimmy Carter and Barack Obama the country literally came to a grinding halt. The economy stood still. Commerce just...stopped. Jobs just...disappeared. All hope...vanished.


TOPICS: Business/Economy; Editorial; News/Current Events; Politics/Elections
KEYWORDS: debtceiling; lies; misery; negotiations; obama; rinos; spineless; taxes
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"The tax burden on small business owners has never been higher. And Obama threatens to make it far higher- perhaps an unimaginable ten times higher ... "

and thus his insistence that tax hikes be part of any debt ceiling compromise is totally cynical if not vicious.


1 posted on 07/09/2011 8:05:21 PM PDT by FreeKeys
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To: 4Liberty; econjack; businessprofessor; John Locke; PGalt; socialismisinsidious; fhayek; ...

of possible interest


2 posted on 07/09/2011 8:08:16 PM PDT by FreeKeys ("The evidence that Obama's true agenda is to weaken the country he 'rules' is stacking up."-N.Boortz)
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To: FreeKeys
I believe this is the guy that was in the same class and major as Obama at Columbia, and has openly stated that he had no recollection of Obama from his college days - never in any class even though they were in the same major, other acquaintances not remebering Obama, even though they probably should have. I think we truly have the first Affirmative Action presidency.
3 posted on 07/09/2011 8:17:39 PM PDT by Major Matt Mason (Government doesn't create jobs, it only creates expenses.)
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To: FreeKeys

Make it easier for businesses to operate, and there will be new jobs, and more taxpayers. That’s the only way to generate more tax revenue that is good for the country.


4 posted on 07/09/2011 8:18:13 PM PDT by Joyell
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To: Major Matt Mason

YEP....Wayne Allyn Root has said that about Obama nad his alma Mater....I think we have the first SCAM of a Presidency...


5 posted on 07/09/2011 8:21:22 PM PDT by goodnesswins
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To: Major Matt Mason

YEP....Wayne Allyn Root has said that about Obama and his Alma Mater....I think we have the first SCAM of a Presidency...


6 posted on 07/09/2011 8:21:48 PM PDT by goodnesswins
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To: FreeKeys

Don’t believe Obama ever. Just imagine Obama mating with Casey Anthony. What a liar.


7 posted on 07/09/2011 8:23:16 PM PDT by ImJustAnotherOkie (zerogottago)
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To: JoanneSD
This POTUS said he would cut the deficit in half by his first term as well....
8 posted on 07/09/2011 8:31:52 PM PDT by JoanneSD (TEA PARTY VERSES TEE TIME)
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To: FreeKeys
Generally true, but two fairly large BUT's.

First: The Social Security and Medicare withholdings ARE NOT TAXES. Conservatives need to stop calling them taxes, because when we do, the liberals say, "See, poor people do pay taxes."

NO.

They don't.

The Social Security withholding is a contribution to a national public pension plan. The promise is that it will be returned. That's NOT a tax, any more than your 401(K) or IRA is a tax.

Same thing with Medicare. That's also not a tax. It's a contribution to a national health care program for Seniors, and again, at a certain age, the promise is that it comes back to you. It's a public insurance plan, and it's NOT A TAX.

Second: The enormous tax burden is bad, but it actually pales in comparison to the regulatory and litigation burden on businesses. Corporations and S-Chapter single payer filers are not sitting on top of a ton of cash because of a fear of taxes. They're doing so because of a fear of regulation. No one knows how much 0bamacare is actually going to cost. No one.

It has never in history been harder to start a new business. It has never in history been harder to hire a new person. It has never in history been harder to stay in business once in business because of regulation and the fear of wealth destroying litigation.

In addition to demanding $1 in cuts for every $1 increase in the debt ceiling, we should also be demanding removing 1 page of the Federal Register for every $1 billion in debt increase. The Regulatory state has now grown unabated for more than 25 years. That -- even more than spending -- has GOT to stop.

9 posted on 07/09/2011 8:33:33 PM PDT by FredZarguna (Titles are but nicknames, and every nickname is a Title. -- Thomas Paine)
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To: FreeKeys
I've made it a point in my business to NOT service ANY govt. entity.

It's like getting in bed with the devil. You're gonna get burned.

10 posted on 07/09/2011 8:46:51 PM PDT by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: FredZarguna

Thank you. Good points, all.


11 posted on 07/09/2011 8:51:25 PM PDT by FreeKeys (Is somebody trying to destroy the free-market economy so he can build a centrally-planned economy?)
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To: FredZarguna
Excellent article, however I beg to differ with you when it comes to the employer's share of ss & mc. That is a tax on them. Especially if they provide independent retirement plans of their own.
I think the best question to the Kenyan was from Sen Rubio from Florida. Something to the effect of asking “Please explain to me what jobs are going to be created by increasing taxes?”
I just hope and pray that this country can survive another 18 months under this unabashed, evil communist.
12 posted on 07/09/2011 9:03:27 PM PDT by bramps
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To: ImJustAnotherOkie

It occurs to me that Casey Anthony or, OJ Simpson could be president today if the media was in it.


13 posted on 07/09/2011 9:06:51 PM PDT by Baynative (Truth is treason in an empire of lies)
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To: FreeKeys

With the budget cave-in about to occur my guess is Palin is about to announce a third party candidacy.


14 posted on 07/09/2011 9:30:52 PM PDT by Huskrrrr
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To: bramps
Well, as a self-employed person the SS and MC taxes are paid 100% by me, and it matters naught if I have on my boss hat or employee hat.

But even for the poor working stiff, I think your analysis is mistaken: an employee pays 100% of SS and MC taxes whether he wants to believe it or not. He also pays 100% of his "paid" vacation, 100% of his "paid" leave, 100% of his "employer" contribution to health care ... and so on and so on.

The truth is that an employer fully accounts for every penny of an employee's expenses, and that includes all contribution supposedly made on his behalf; that's the meaning of "fully loaded" wages and benefits, and that's how an employer budgets you (I know this because I've been on that side of the equation, too.) Believe me, no employer budgets employees on the basis of gross wages. That's one of the reasons idiots continue to back Social Security: they think they're getting one over on the boss by "forcing" him to pay 7%+. They aren't. They're paying it.

15 posted on 07/10/2011 1:05:59 AM PDT by FredZarguna (Titles are but nicknames, and every nickname is a Title. -- Thomas Paine)
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To: FreeKeys

It doesn’t matter what they say if they spend money they must repay it with tax dollars. Every increase in spending is a fundamental increase in tax. Anyone who does not understand this should be ineligible to vote. Those who understand but think increased spending is a good thing should likely be investigated for sedition.


16 posted on 07/10/2011 1:38:10 AM PDT by douginthearmy
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To: FredZarguna; 1rudeboy
...First: The Social Security and Medicare withholdings ARE NOT TAXES. ...   ...The Social Security withholding is a contribution to a national public pension plan. The promise is that it will be returned. That's NOT a tax, any more than your 401(K) or IRA is a tax.   Same thing with Medicare. That's also not a tax. It's a contribution to a national health care program...

Words mean things and we communicate only when we speak the same language using the same definitions.  Here is a standard definition of the word "tax" (from here):

tax  (tks)
n.
 
1. A contribution for the support of a government required of persons, groups, or businesses within the domain of that government.
2. A fee or dues levied on the members of an organization to meet its expenses.
3. A burdensome or excessive demand; a strain.

Voluntary withholding for an IRA, car payment, or some charity doesn't go to the federal treasury.

Medicare and Social Security payments are taxes taken by force and used to cover mandatory government spending.  Also, most people know by now that the intent of both is revenue, that the idea has been to collect more than enough money with the excess used for general spending by way of "intergovernmental holdings" (that now top $5T).  In a few years when the population ages and the excess disappears, these programs will be cancelled, benefits will end, and Democrats will blame Republicans.

The unemployed poor don't have to pay those taxes.

17 posted on 07/10/2011 4:40:36 AM PDT by expat_panama
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To: FredZarguna
The Social Security and Medicare withholdings ARE NOT TAXES. Conservatives need to stop calling them taxes, because when we do, the liberals say, "See, poor people do pay taxes."

NO.

They don't.

The Social Security withholding is a contribution to a national public pension plan. The promise is that it will be returned. That's NOT a tax, any more than your 401(K) or IRA is a tax.

Same thing with Medicare. That's also not a tax. It's a contribution to a national health care program for Seniors, and again, at a certain age, the promise is that it comes back to you. It's a public insurance plan, and it's NOT A TAX.

When is a tax not a tax? When it's a government-mandated "contribution" of the first 15% of your earnings to a government monopoly "savings plan" Ponzi scheme.
Social Security takes money when you are working, and pays back "more" than you paid in - in devalued dollars after the government has done its inflationary dirty work over the years. But I guess it's not a tax as long as the government pays back something . . .

18 posted on 07/10/2011 5:00:57 AM PDT by conservatism_IS_compassion (DRAFT PALIN)
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To: expat_panama
In a few years when the population ages and the excess disappears, these programs will be cancelled, benefits will end, and Democrats will blame Republicans.
PR only cares about emotion rather than facts and reality. Anyone who stands for facts and reality will be the natural target of the PR industry. Journalism, and its dependencies, especially the Democrat Party are the PR industry.

19 posted on 07/10/2011 5:17:21 AM PDT by conservatism_IS_compassion (DRAFT PALIN)
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To: conservatism_IS_compassion
PR only cares about emotion rather than facts and reality...

The problem is that while humans run into facts and reality all the time, they only act on emotion. 

Smart people succeed by controlling emotions and making them conform to reality while the press sells its product to the majority that want to blame their mistakes on the successful minority.  It's OK though, we still have lots of power even if we get yelled at a lot.  Also I consider the fact that humankind as a whole can still raise forth an ever advancing civilization to be proof that a loving Creator is always there...

20 posted on 07/10/2011 6:09:52 AM PDT by expat_panama
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