Spending other folks money can become addictive, just ask obammy
The top 1% already pay a third of all taxes. The top 10% pay 60% of all taxes. You can see the cow’s ribs yet Obama Obama wants to try to milk the poor old beast again. He is going to kill the productive engine of the economy and most of the poor and middle class are OK with it (until tax revenues drop and they don’t get their government freebies anymore).
They can start by taxing Foundations with 100,000,000 and over in assets.
Shunting all one’s billions into Foundations to avoid taxes is just a gravy train for the billionaires to dip into to pay for their own personal politicians.
* See Soros, Gates, Buffett, Ford, etc.
“The last capitalist we hang shall be the one who sold us the rope.”
Go to Hell, Zero. And fall down the stairs on your way in.
We won. Don't ignore it.
Why in the hell can't the GOP get in front of the public and simply say: "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."
Whatta deal!
What kind of Republican could turn this down?
Obama still has not caught on to the fact that the truly rich people’s money he so covets don’t pay (much) income tax. Working people pay income tax.
Boehner is playing this right so far. Truth is, the Executive can solve the debt limit problem with no action from congress. I do wish Boehner and Pubs in general would do more to frame the debate.
I know I am just a simple minded fool, but the best thing that could happen would be nothing. If the debt limit is not lifted then we acquire no more debt. The constitution requires that we pay our debt so the fat cats of spending will just need to figure it friggen out. If I was in debt, my balanced approach would not include a demanded pay raise at work, would it?
I don't understand why Boehner can't bring Urkel's budget up for a vote.
Let's see how many RATS vote for it.
Newsmax
Gingrich: ‘This Is the Obama Depression’
Sunday, July 10, 2011 12:45 PM
By: Hiram Reisner
Republican presidential candidate Newt Gingrich on Sunday labeled the dismal economic situation in the United States as the “Obama depression,” just days after a grim jobs report and amid continued signs that negotiations on a comprehensive federal debt deal are faltering.
He needs more money to pass out to his Islamofascist, Socialist buddies around the world.
'Cause that's really what this is all about. Just ask Bammy's Grandma.....oh wait.
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.
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...
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“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!”