Backdoor Taxes for Middle America
Asked why he robbed banks, thief Willie Sutton famously replied: "That's where the money is." The same logic is now being used by the White House as it floats the idea of a broad new tax on all consumption. …IBD Investors.com
White House adviser and former Fed chief Paul Volcker, one of the most respected men on Wall Street, broached the delicate topic of taxes Tuesday.
In his remarks, he said a value-added tax "was not as toxic an idea" as it had been in the past, and suggested it might be a way for the U.S. to escape its growing budget crisis.
"If at the end of the day we need to raise taxes, we should raise taxes," he said. Read full article: Here
Is this really the hope, change and lack of integrity you voted for???
Ever since the passage of Obamacare, columnist Charles Krauthammer has been warning that the only way to fund it will be value added tax (VAT). A value added tax is basically a hidden sales tax: you wouldn't know it was there except by the fact that the price of a product is higher. Unlike a sales tax, it is not taken as a percentage of the purchase price the customer pays, but is taken previously, through a tax on the different steps of production that put it into your hands.
ObamaCare also has some hidden taxes in the bill like taxes for tanning salons and services, in addition to the cost HC increasing, mandatory requirement for all to buy HC coverage, and massive cuts to Medicare, plus 4-years of advanced payment into the HC coffers before ObamaCare kicks in. (Even the immediate coverage of children with prior conditions turned out to be HC propaganda, often repeated by Obama himself.)
And Remember Cap and Trade… or more accurately Cap and Tax that is touted as on of the next goals on the Obama agenda?
Forget Cap and Trade: EPA Regulation of CO2 Emissions Will Begin in 10 Months - http://canadafreepress.com/index.php/article/21600
The Obama administration's plan to cut more than $1 trillion from the deficit over the next decade relies heavily on so-called backdoor tax increases that will result in a bigger tax bill for middle-class families.
In the 2010 budget tabled by President Barack Obama on Monday, the White House wants to let billions of dollars in tax breaks expire by the end of the year -- effectively a tax hike by stealth.
While the administration is focusing its proposal on eliminating tax breaks for individuals who earn $250,000 a year or more, middle-class families will face a slew of these backdoor increases.
Then there was a story by Reuters, reprinted by Yahoo News, about 60% in annual individual tax receipt increases, that was literally pulled while some people were reading it. Here is the info that was copied and saved before the article was pulled:
The White House Tax Hike On Middle Class Over Next 10 years
This is a HUGE story that was YANKED from Reuters after just a few minutes, It was yanked from Yahoo News as well, while some were reading it!!!!
Here is your proof u nay sayers who think Taxes are NOT going up, it is a back door tax...
That’s a 60% increase in annual individual tax receipts over the next 10 years, vs. a 30% increase in corporate tax receipts over the same period.
It sounds like Obama either intends to dramatically boost individual income tax rates over the 10 year period, or doesn’t expect corporations to fare very well in the coming decade.
Then as the states and local governments are feeling more and more of the economic pinch that will only get worse once the new Medicaid costs hit the states and their social services continue to be stretched beyond financial capacity due to the economy, federal pressures and mandates and union demands due to their unsustainable and“unfunded” retirement and benefit packages, (as we witnessed last week, when the Mayor of LA tried to reduce the number of days worked for City employees to save jobs and stop the City from rolling into bankruptcy, but were stopped by SEIU) we will start seeing taxes increased for things we would never have imagined… for everyone at every income level.
Fox Cable News did research for a special on state and local tax increases already being considered and even enacted all over the country. They include following partial tax list on:
Haircuts and Beauty Services
Manicures
Dog/Pet Grooming
Wedding Planning
Landscaping
Car Repairs
Bowling
Tax Preparation – That’s right, they are going to tax you for getting your taxes done…
And let us not forget new and increased federal mandated taxes on junk food, alcohol and cigarettes.
Add to this the growing trend of the relocation of U.S .companies to offshore locations which not only takes away more American jobs but will reduce corporate taxes being paid into government coffers as Obama while the Progressive Dems keep spending the taxpayer’s money and increasing the debt at an unparalleled rate… It doesn’t require a degree in finance to figure out that they are either doing this on purpose, are totally inept or both and that if we do not stop them quickly, the United States that we knew will be lost forever and with it our way of life and the future of our children and grandchildren.
GOP Can Defund ObamaCare If They Win the House
The States Must Rise Again: The Only Way to Combat Obama’s Socialist Agenda
For nearly 30 years, many Republicans have argued that the most effective way to control federal government spending is to "starve the beast" by reducing federal tax revenues. Moreover, two Nobel laureate economists, Milton Friedman and Gary Becker, have endorsed this argument. Minority Leader Boehner has pledged to defund ObamaCare.
We all need to join the fight by supporting candidates for Congress in 2010 and 2012 that support the defunding of ObamaCare and the Stimulus and who support the Fair or the Flat tax. Find the candidates for both Federal and State elections who believe in fiscal responsibility, that you believe in, and volunteer for their campaigns, donate to local, state, Federal and favorable candidates throughout the U.S. and adjust your own salary and earnings deductions to prevent allowing the government from using your money throughout the year for their reckless and unfavorable legislation. Ultimately… if ObamaCare is not overturned, if you do not purchase healthcare… and a healthcare program that the government approves of, they will exact a penalty and take it out of your tax refund, if you are entitled to one.
Ainsley Earhardt did a piece for the Hannity Road Show, as Sean Hannity travels the country promoting his new book, Conservative Victory.
No comments:
Post a Comment