Click the Ice
DONATING: Easier than ice climbing
Give what you can
Or donate monthly, and a sponsoring FReeper will contribute $10
Posted on 07/11/2011 6:08:02 AM PDT by Sub-Driver
It’s now 51% of americans (small a) who file tax returns, and pay NO federal income tax.
nada zilch zip
30% of filers get money via the IRS, and do not pay anything. “redistribution”
that is why Drudge indicates the head of IMF is demanding the US raise its debt limit
So we can continue to indebt ourselves and carry the world on our shoulders
“WE” just sent $750 million to Greece. US taxpayers (who are being warned we may never retire or even have good paying jobs again after middle age) are having our children and grandchildren indebted to fund pensions for Greeks who demand the right to retire in their 50’s.
What a world.
'Cause that's really what this is all about. Just ask Bammy's Grandma.....oh wait.
Yes I thought her comments that unless the debt limit was raised AMERICANS would have to suffer with MUCH HIGHER TAXES. Why? Apparently they need American Workers money to bailout the EU Socialist.
25 million Americans unemployed. So if you actually HAVE a JOB. You get to fund some EU 50 year old retiree. OH yeah if your an AMERICAN RETIREE 65+ YOU get a CUT.
You realize what has been largely fundng our government since the 14.3 Trillion debt limit was actually reached in June?
Funds diverted from the federal penion funds (like a 401K, deposits by future retirees)
Since June, Geithner et al have blown through almost $200 billion in funds diverted from the federal civil service retirement fund, replaced them with IOU’s- repayment of which is “mandated by law” (as if we are a nation of law when the law doesnt work for obama or the democrats) - and predicated on on Geithner getting a debt limit increase by August.
My family’s future retirement savings in action.
Enjoy.
Starting in 2013, the bill adds an additional 0.9% to the 2.9% Medicare tax for singles who earn more than $200,000 and couples making more than $250,000.
• For first time, the bill also applies Medicare’s 2.9% payroll tax rate to investment income, including dividends, interest income and capital gains. Added to the 0.9% payroll surcharge, that means a 3.8-percentage point tax hike on “the rich.” Oh, and these new taxes aren’t indexed for inflation, so many middle-class families will soon be considered rich and pay the surcharge as their incomes rise past $250,000 due to tax-bracket creep. Remember how the Alternative Minimum Tax was supposed to apply only to a handful of millionaires?
Taxpayer cost over 10 years: $210 billion.
• Also starting in 2013 is a 2.3% excise tax on medical device manufacturers and importers. That’s estimated to raise $20 billion.
• Already underway this year is the new annual fee on “branded” drug makers and importers, which will raise $27 billion.
• Another $15.2 billion will come from raising the floor on allowable medical deductions to 10% of adjusted gross income from 7.5%.
• Starting in 2018, the bill imposes a whopping 40% “excise tax” on high-cost health insurance plans. Though it only applies to two years in the 2010-2019 window of ObamaCare’s original budget score, this tax would still raise $32 billion—and much more in future years.
• And don’t forget a new annual fee on health insurance providers starting in 2014 and estimated to raise $60 billion. This tax, like many others on this list, will be passed along to consumers in higher health-care costs.
There are numerous other new taxes in the bill, all adding up to some $438 billion in new revenue over 10 years. But even that is understated because by 2019 the annual revenue increase is nearly $90 billion, or $900 billion in the 10 years after that. Yet Mr. Obama wants to add another $1 trillion in new taxes on top of this.
And if you accept ANY federal money for any type of welfare, medicare, medicaid, etc., you are immediately prohibited from voting for 5 years. The takers now outnumber the payers and will just keep voting themselves more and more, virtually making slaves of those of us who pay into the system.
“The ‘rich’ are the people who drive this economic engine and we need them to invest more in order to create jobs.
Saying they don’t pay their fair share is simply a lie, and the White House knows it.
The richest 10% of the people in the US currently pay 66% of all federal income taxes.
In contrast, the lowest 40% pay no federal income taxes.
If the Democrats truly wants a level playing field, then they must cut taxes on the rich.”
I agree, these these 5 sentences should be memorized by every Republican candidate and stated every single time they are in front of a microphone, over and over and over until the American people finally get it!
And just think the Government Employee Unions agreed to the heist.
People forced to join Unions that steal their retirment.
And just think the Government Employee Unions agreed to the heist.
People forced to join Unions that steal their retirment.
READ MY LIPS: “...you will not see your taxes increased a single dime. I repeat: not one single dime.” =.=
The AnointedIdiot makes Pinocchio look like an amateur....
Global GDP:
$1.2 Trillion - All of Africa, combined
$2.0 Trillion - Brazil
$2.0 Trillion - The rest of South America
$2.8 Trillion - All of the Middle East, including Turkey
$3.3 Trillion - All of Southern and Southeast Asia, including India
$3.4 Trillion - The US government's annual seizure form the US citizens, for its "protection and guidance".
Again, our government takes more than that from us, all to do just it's administrative work. It's loooong past time to grab the pitchforks... and yet Obama wants to add ANOTHER Trillion... basically all of the entire production of the Continent of Australia ($1.2 Trillion)... every year...
The list, ping
Let me know if you would like to be on or off the ping list
It is infuriating!
“It is not enough to get that one egg out of the goose. We need more eggs. The Republicans are hiding eggs. These eggs belong to the government. Either the Republicans give us more eggs in the next 10 days or I will order the goose cut open and we will take all her eggs!”
many civil service workers are not in the union, if some of us get paid back in worthless paper, it will be the ones not in the union :-(
the ability of the govt to “borrow” federal pension money to fund govt operations was written into law in the 1980’s and it has been done before on a short term basis
but never by a radical lawless unethical regime like this one! and never in times as perilous as those they have thrust upon our nation
Just look at what our govt (all of them) did to the collected taxpayer funds supposedly invested in the “social security trust fund”
on news this morning they said now 51% of filers pay no federal tax
and 30% of filers are tax “eaters” - they get reverse transfers from the IRS
they get money for filing, but pay nothing
Take the TOTAL production on the bottom 140 nations on Earth (2010 GDP by the CIA World Factbook), and it barely reach $3.4 Trillion. Of the Remaining Top 50, only 3 produce more than $3.4 T - The US, Japan, and China. (Germany is just under, at $3.3 T).
Without doing a single productive thing, our government pulls away more from us than all but 2 other nations on earth can produce in a year... and Obama wants a radical increase to that amount.
Another good talking point for the better Congresspersons out there: Somehow, we had far fewer budget problems in Clinton's final year as president, and his LARGEST budget was only $1.9 Trillion.
(Hey Liberals: Under Bush, the Budget grew in 8 short years from $1.9T to $3.1 T... blame it on him again! Plenty of conservatives certainly do. I'm one of them.)
Here's the budget slogan that neither side can argue against: "Let's get back to the days of Clinton." Even the idiot voters can understand that Clinton was not long ago... and that doubling your income since his time in office would be an AMAZINGLY HUGE raise - one that our government does not need or deserve.
I wonder what kind of effective marginal tax rates we’re looking at if you added up all the Obamacare taxes, his new tax-hike proposal, and everything else. (All massive taxes that kick in after 2012).
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.