WARREN BUFFETT SUED BY OBAMA’S IRS… EVEN HE ISN’T SAFE - WAIT UNTIL THEY COME AFTER YOU FOR OBAMA’S SECOND-TERM TAXES AND OBAMACARE

WARREN BUFFETT SUED BY OBAMA’S IRS

By AJ

Obama and his rich pals think you are just another useful idiot like the Occupy (OWS) crowd.

While Obama seeks to enact the “Buffett Rule” to place a higher tax burden on families/small businesses who make $250K per year or more, his Internal Revenue Service (IRS) is suing Warren Buffett.

Obama’s pal just doesn’t want to pay his taxes… but he has no problem stumping for Obama and calling for a higher tax burden on families and small businesses.

“Get this: Uncle Sam is suing Warren Buffett's company over taxes. Yes, taxes. The US government, in a little-followed case in Ohio, filed a lawsuit this month against a unit of Buffett's Berkshire Hathaway, seeking $366 million in taxes and penalties. The Berkshire division at the centre of the suit is NetJets, the private-aircraft company that caters to the nation's wealthiest - the people Buffett says should pay more in taxes.

It is an odd twist that a company controlled by Buffett - perhaps the most outspoken businessman in the country in support of raising taxes on the 'mega-rich' - is now in a dispute with the government over his company's paying too little in taxes.”

But it gets better… Buffett’s NetJets has now filed a lawsuit against the IRS.

“Now, NetJets and its sister division, which have filed their own suit against the IRS, say they "are stuck with a $642 million-plus bill for past taxes the IRS never indicated they were required to collect".

Obama’s rich friends do not want to pay their taxes, but they want to instill envy in the hearts of the uneducated and sing their “tax the rich” song.

Obama’s pal and Jobs Adviser, Jeffrey Immelt, has benefited since Obama took office through the same tax loopholes that Obama criticizes on the campaign trail. General Electric paid no Taxes in 2009, General Electric Paid No Federal Taxes in 2010.

“…GE's success at avoiding taxes is nothing short of extraordinary. The company, led by Immelt, earned $14.2 billion in profits in 2010, but it paid not a penny in taxes because the bulk of those profits, some $9 billion, were offshore. In fact, GE got a $3.2 billion tax benefit.”

Before blindly jumping on the “Tax the Rich” bandwagon, people should ask two simple questions:

1. If Obama makes people pay even more in taxes, will I get some of that money? (Answer = No).
2. Why are Obama’s millionaire and billionaire friends unwilling to pay more in taxes themselves?

Video:  Patriotic Millionaires Higher Taxes Treasury Department Donation The Daily Caller

Maybe it’s time to rethink the envy that Obama is selling, or at least see it for the BIG LIE that it is.

Video:  Milton Friedman: Why soaking the rich won't work. Reference:

Private jets, Warren Buffett and tax lawsuit

http://articles.economictimes.indiatimes.com/2012-03-28/news/31249610_1_ticket-tax-tax-battle-first-tax

General Electric paid no Taxes in 2009

http://www.politisite.com/2010/04/12/general-electric-paid-no-taxes-in-2009/

General Electric Paid No Federal Taxes in 2010

http://abcnews.go.com/Politics/general-electric-paid-federal-taxes-2010/story?id=13224558

Obama's Second-Term Taxes 

By DICK MORRIS  - Published on TheHill.com on April 10, 2012

If Obama is reelected, the tax increase he and a Democratic Congress would impose on middle- and upper-middle-income Americans would be disastrous. It's easy to lose sight of his tax plans because he has hidden them in a variety of nooks and crannies, including the Simpson-Bowles Commission Report, the Pelosi budget of 2009 and the various tax proposals advanced by his party. But, should he win, they will all come out of hiding, and together, they will be the principal legislative thrust of his efforts in 2013.

For a couple making $250,000, these tax hikes would add another $3,000 to $4,000 a month in taxes (depending on whether they were self-employed).

For a couple making $150,000, they would add another $1,200 to $1,400 per month.
Let's all realize that Obama let a massive deficit accumulate precisely because he realized that doing so gave him the leverage he would need to raise taxes and increase, permanently, the size of government in America. Reagan let the deficit pile up so liberals couldn't spend more money. Obama did so in order to make conservatives vote for higher taxes.

How will he tax us? Let us count the ways:

• Most basic, of course, will be an increase in tax rates. Those paying 33 percent will now pay 36 percent. People paying 35 percent will now pay 40 percent. Most people accept and expect that Obama will raise these brackets if he is reelected. But they don't realize what else he will do.

• As he advocated in the 2008 campaign, he will eliminate the ceiling on wages that must be taxed for Social Security. Currently, wages are taxed at 6.2 percent (now, temporarily, at 4.2 percent) up to a ceiling about $100,000 per year in income. The ceiling rises with the cost of living. But Obama will eliminate the ceiling and subject all wages to FICA taxation. (In his campaign, he spoke of a "carve-out" for those making between $100,000 and $200,000, where income would be exempt from FICA, but don't count on it.) For those who are employed, the increase in FICA taxes will mean an effective increase in their tax bracket of 6.2 percentage points. For the self-employed, it will mean a whopping 12.4 percentage point increase, bringing their effective tax rate, if they are in the top bracket, over 52 percent. Obama has refrained from addressing Social Security's financial problems and will do so until after the election. But his solution will be higher taxes, not curtailed benefits.

• All deductions for mortgage interest, charitable giving and state and local tax payments would likely end for those making more than $250,000.

• Even for those making less than $250,000, the Bowles-Simpson recommendations call for replacing the current tax deduction for mortgage interest, charitable giving and state and local taxes with a tax credit. Usually 8 percent is mentioned as the tax credit level.

So add it up:

Case A
Married couple
Income: $250,000
Home: $300,000 (mortgage interest: $20,000)
Property taxes: $15,000
Self-employed
Basic tax rate: +5% +$12,500
FICA on full income: +$18,600 ($9,300 if employed)
No deduction
Mortgage interest +$ 6,500
Prop Taxes +$5,000
State income tax (9%) +$7,500
Total additional tax: +$50,100 ($40,800 if employed)

Case B
Married couple
Income: $150,000
Home: $200,000 (mortgage interest: $10,000)
Property taxes: $10,000
Self-employed
Basic tax rate: +3% +$ 4,500
FICA on full income +$6,200 ($3,100 if employed)
8% credit, no deduction
Mortgage interest +$ 2,500
Property taxes +$ 2,500
State income tax (6%) +$ 1,500
(calculation replaces deduction at 33% bracket with an 8% credit)
Total additional tax: +$17,200 ($14,100 if employed)

Can we afford Barack Obama for four more years? No way! And don't say you weren't warned!

Related:

A Wicked Financial Storm Descends on America

Nothing to Do With Health Care!  It’s All About New Taxes and Tax Collection

THE OTHER SHOE DROPS: A Current Events Round-Up For Conservatives and Common Sense Americans

† Living In These Mad, Mad, Madoff Times: Birth rates in 48 states and the District of Columbia fell sharply during the recession, according to a report by the Pew Research Center. The New York Times reports:

According to preliminary data from 2010, the rates dropped to 64.7 births per thousand women ages 15 to 44, from 69.6 births per thousand women in 2007, the year the recession began. …

The link between financial distress and lower rates of childbirth surfaced clearly in the regional data. North Dakota, with one of the lowest unemployment rates in 2008, about 3 percent, was one of two states to show a slight increase in its birth rate from 2008 to 2009. The other was Maine.

In all other states, birth rates declined, said Gretchen Livingston, the lead author of the report. Arizona had the deepest decline in its birth rate, down by 7.2 percent.

“What people seem to be doing is not so much deciding not to have children, but postponing until things start to recover,” she said.

What isn’t dropping is birth rates of illegals and illegals coming into America to give birth plus the birth rates of Muslims in the U.S.

While the citizens of Western civilizations have been preoccupied with their own selfish interests, those of the Islamic world have been busy populating a world their children and grandchildren will control. In America, Canada, and Europe, the citizens have been limiting the number of children in their families. Personally, I believe the reasons they chose to limit the number of their offspring are purely selfish. Women want to have a career, and that is difficult to do if they are having children every 2 or 3 years. As for the men, they have bought into the idea that they...   Read rest of article here at The Abraham Factor

Video: Defeating the West Via the Womb  Also Checkout: Mark Steyn’s America Alone

† Obama Creating Green Jobs That Americans Won’t Do: Believe it or not, Solyndra is small peanuts – at least compared to SunPower, another failed taxpayer-funded “green energy” company that was touted by Interior Secretary Kenneth L. Salazar in October 2010 (“The path to a clean energy economy starts here, in places like SunPower’s research and development facility.”). In a well-researched article, Human Events describes how the “failing California solar company, buffeted by short sellers and shareholder lawsuits” was able to snag a $1.2 billion federal loan guarantee “for a photovoltaic electricity ranch project – three weeks after it announced it was building new manufacturing plant in Mexicali, Mexico, to build the panels for the project.” When all is said and done, there will be just 15 permanent jobs for U.S. workers – at a cost to taxpayers of $80 million each – which is “a little high, even for the current Obama administration,” Human Events notes.

If there is a bright side to this mess, it’s that Solyndra’s meltdown may have pulled the plug on $6.5 billion in government loan guarantees that had been granted "conditional" approval but “suddenly disappeared from [the Department of Energy’s] roster.” The Wall Street Journal reports an interesting twist to the $1.9 billion in taxpayer largess slated to be awarded to CA solar-panel farm First Solar:

In August the company posted a 62% drop in second-quarter income, and its stock, which traded at $170 in February, is now $57 a share.

Energy did move ahead with two separate conditional loan guarantees for First Solar, though at reduced amounts – $646 million (rather than $680 million) for a solar farm in Lancaster, California, and $1.5 billion (rather than $1.8 billion) for a farm in Riverside County. The approvals came as First Solar announced it had sold the Lancaster farm to utility giant Exelon and the second to General Electric and NextEra Energy Resources. So taxpayers are now underwriting solar subsidies not for start-ups but for the biggest of big business.

As it happens, GE Chairman and CEO Jeffrey Immelt is a close personal friend of President Barack Hussein Obama’s and is also chairman of the President’s Economic Recovery Advisory Board. Clearly, the aim is to ensure that investors in green energy companies that tank will recover their capital, not creating “green jobs of the future.”

A new report by the Labor Department's Office of Inspector General found that a $500 million stimulus grant to a program that trained 53,000 workers for “green jobs” graduated 1,033 who remained employed for at least six months – but that many of these positions already existed and had been “relabeled” as green jobs. “Bus drivers, Environmental Protection Agency regulators, university professors teaching ecology, and even the Washington lobbyists who secure energy loan guarantees count as green employees for the purposes of government counting,” The Wall Street Journal reports.

So the “green economy” is not only a scam, it’s also a sham.

This is a great article to use when contacting your Senator and Congressman: 40th Anniversary of 1st Earth Day a Grim Reminder of Immigration's Devastation of a Vision - We can solve two problems at once. If we stop illegal immigration and cut immigration in general... We will have no need for Cap and Trade and will solve our illegal alien (Hispanic and Muslim) problems, both groups that do not assimilate and reproduce in large numbers.  Just by doing this one thing we will improve the quality of life of all Americans and legal aliens.

This article is a perfect example of how the Progressive left has been coordinating to destroy America and fight Americans.  They create the problems and then create socialistic solutions to point us ever closer to a NWO based on Global Marxism

† Prediction: Christians Will Be “Extinct” In The Holy Land Within 60 Years:The Washington Times notes that the Obama administration “has been obsessed with Muslim outreach,” but has turned its back on oppressed Christians in the Middle East:

The United States has been wary to intervene in matters affecting Christians in the Middle East for fear of validating terrorist narratives that the West is engaged in a new crusade against Islam. The result of this passive policy has been to allow Islamic extremists increasingly to dominate the debate, often with tragic consequences.

On Sunday in Egypt, a clash between Coptic Christians and the military left at least 25 dead. Copts are the largest religious minority in Egypt, representing about 10 percent of the population. Attacks on the Copts have increased since former President Hosni Mubarak's ouster. That the military was involved in this incident was a signal that matters are taking a turn for the worse. The White House issued a lukewarm condemnation noting that President Obama is "deeply concerned about the violence in Egypt" and that "as the Egyptian people shape their future, the United States continues to believe that the rights of minorities – including Copts – must be respected." In other words, the U.S. government will do nothing about the massacre of Christians.

† Restorative Capital Punishment: A New Haven Superior Court jury convicted Joshua Komisarjevsky of all 17 charges against him, including capital felony killing, kidnapping and sexual assault (related article, sixth item on the page), The Associated Press reports:

Komisarjevsky's co-defendant, Steven Hayes, was sentenced to death last year after he was convicted of raping and strangling Jennifer Hawke-Petit and killing her daughters, 11-year-old Michaela and 17-year-old Hayley, who died of smoke inhalation.

The only survivor of the attack, Dr. William Petit, bit his lip and closed his eyes as the verdict was read.

"I thought from the beginning that he was a lying sociopathic personality and probably at this moment he doesn't think he is guilty of anything," he told reporters outside the courthouse.

The penalty phase, during which the jury will decide whether Komisarjevsky, 31, should be executed or sentenced to life in prison, is scheduled for October 24^th.

† A To Z Approach On Illegal Immigration In AZ: The Eleventh Circuit Court of Appeals in Atlanta further whittled down the provisions of AL’s new anti-illegal immigration law that the state could enforce while it considers the Justice Department's request to strike it down altogether (related article, eighth item on the page), FOX News reports:

Alabama cannot prosecute illegal immigrants for not carrying registration documents with them at all times or require schools to check the immigration status of all students.

But the court said Alabama, among other things, can require police officers to verify the immigration status of anyone they lawfully stop if they suspect they are in the country illegally. Illegal immigrants will also be prohibited from obtaining a license to drive, get a vehicle or open a business.

The Justice Department opposes Alabama's law, claiming it invites discrimination against foreign-born citizens and legal immigrants and is at odds with federal policy. But state officials say the law is necessary to protect the jobs of legal residents.

A final decision on the law won't be made for months to allow time for more arguments.

Another provision of the law that can still be enforced prohibits state and local government agencies from entering into contracts with illegals.

Video: No Apology Necessary, Mr. President

Posted by Victoria Knox at TPN with Contributions and Additions from Marion Algier – Cross Posted at Ask Marion  - h/t to the Personal Liberty Digest

GE - General Electric, NBC, MSNBC Ceo's In The Bag For Obama

Updated Exclusive! Entire GE CEO Confrontation!

"Factor" producer (and GE shareholder) Jesse Watters attended the annual GE shareholder meeting on April 21 in Orlando, Florida. During the Q&A period, Watters asked Chairman and CEO Jeffrey Immelt about the recent ugly comments by Janeane Garofalo on MSNBC. Here is how Immelt - and the room full of stockholders - responded to the confrontation.

GE is the parent company of MSNBC and NBC News.  NBC is the most left leaning Obama pro network on the air that portrays itself as just "reporting the news".  They helped elect Obama and report pro Obama, pro Democratic Liberal Congress pro the Green movement to benefit themselves.  GE, a failing company, is hoping for rewards from the White House to promote Green Energy and help keep GE afloat; bailout money for Wind Turbine Energy.