Showing posts with label taxes. Show all posts
Showing posts with label taxes. Show all posts

Thursday, August 12, 2010

Entitlement Insanity

Those are not my words - they are the words on the blurb on Judge Napolitano's Freedom Watch, on right now - about the 99'ers. What are the 99'ers, you might ask? Good question! Those are the ones that are up against the 99 weeks of unemployment...i.e. paid to not work, and demanding EXTENSIONS! Not jobs. They went & protested on Wall Street today (Thursday).. not going out and looking for a job - any job. From what I've read, people will not take a lower-paying job, a couple of them. Why? because the pay is "too low". well wah, if you're out of work, get a clue, and TAKE the job. Why turn up your nose at it? Because you can make more on unemployment?

My grandpa walked 10+ miles one day for a job in the Depression, on my mom's side. He did not get the job.. How many people are willing to actually do whatever it takes for a job, that say they cannot get a job? And then blaming "tax cuts for the rich", on their lack of a job, or lack of extension past 99 weeks. That is almost 2 dang years. Take something beneath you, and take a 2nd or 3rd job. Imagine, actually having to earn your money doing something you don't want to do.

I'll be called cold-hearted, blah blah blah, because I don't work - I'm a housewife, as *if that isnt work* and that we're lucky that my husband has a job.

I've lived out of a van, and worked doing whatever the heck I could to make money, *except that*, to earn a living, so I didnt have to suck off the government tit.

I really think the Depression-era people, that would have taken a job, ANY job, are spinning in their graves.

And if you believe ending the Bush tax cuts will affect "only the rich" guess again buddy. It directly affects YOU, no matter how much, or little you will make. The bottom tax rate will jump from 10% to 15%, a !!! 50% !!!!! increase. The top 35% will climb to 39.5%. The most affected, will be middle income and low-income workers. so who are you really 'sticking it to'? The current six rate brackets of 10%, 15%, 25%, 28%, 33% and 35% will be replaced by five new brackets with the higher rates of 15%, 28%, 31%, 36% and 39.6%.

And 'sticking it to the rich' will affect you, because who starts businesses, hires people, launch new products, and hire YOU to manufacture them. So ending the tax cuts are only shooting yourself in the foot.

Feel like investing any of the money you may have hanging around? The tax rate will shoot up by a third on capital gains - from 15% to 20%, while if you own even a few low-priced stocks, and manage to get a few bucks off dividends from them, your tax rate on dividends will skyrocket 264%, from 15% to 39%. The death tax makes a comeback, if your estate (this includes ALL stuff, you house, any property you own, your furnishings, your vehicle, if you happen to own anything, it all adds up quickly, you'd be surprised at how much your stuff is worth, using government figures. And you've *already* paid taxes on that stuff, but it's going to be taxed again, when you leave it to your kids. Have a business? Many are not passed down because of the confiscatory tax rate of death tax (55% starting Jan 1).

And then there's death. That's a certain thing too. Just your nightly nugget of joy :P

Monday, April 13, 2009

Is it really FAIR? Yes or No? sound off

Is it really fair to tax only 10% of the population for 72.4% of all the taxes collected in the United States? The people making over 92,400$ pay 10% of all the taxes collected in income taxes. 60% of the country paid 3.3% of the taxes in 2001. By 2005, very few were paying the income taxes, less than 1% of the tax. Is this fair?

Let's look at this another way - distribution of income - in 2001, bottom 40%, earning less than 30,500$ made 13.5% of the income, but paid no tax. They received money totaling 16.3 billion. By 2005, it was $33.3 billion.

And people STILL go on about "the rich" not paying their fair share. Who is considered rich for these purposes? the people making under $100,000. That isn't a whole lot. People like to throw around labels like "rich" "the poor" etc.. but we need to actually TAKE A LOOK at who is paying what.. and is this actually FAIR. Is it fair for a person who makes more to pay a higher percentage than someone who makes less? NO. Why, you might ask? Let's take a different tack on that - should they pay a higher cost for their food, their gasoline, everything they consume because they make more? Should their laundry soap cost more because they make more? Should their dog shots at the veterinarian cost more because they make more, and can afford to pay more? Am I being silly? No. I'm merely taking the sick reasoning that you are saying that "they are not paying their fair share" and applying it to everyday life.

A flat tax is fair for everyone, and a sensible solution. A 17% flat tax, would bring in more revenue for the government, and it would really make the tax code much easier. A flat tax would level the playing field for everyone. 17% of 30,000 is much less than 17% of 100,000. See what common sense can do for one?