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Archive for 'Taxes' Category
Abolish the Income Taxes: Privacy (III)
19 September 2007Our privacy especially our financial records are being breached and given out to Eastern European Mafias at an ever increasing rate.
One of the largest sources of financial data to the Eastern Mafias is our Government. Having been forced to reveal our most intimate financial details to assure our public_servants that we are indeed paying […]
Abolish the Federal Income Tax and stop class warfare (II)
18 September 2007What passes for debate on Taxes nowadays quickly descends into an argument on “if the rich are paying their fair share”, or “should we raise the taxes on those who can afford it the most”.
This is a diversion tactic to take our limited attention spans away from what should be the true debate, on the […]
Two reasons to abolish the Federal Income Tax (I)
17 September 2007First, it is being used as a weapon of class warfare. More on that later. Second, it is an incredibly in-efficient and complex way to raise money.
The Director of the Congressional Budget Office believes that it costs American businesses somewhere between $400 and $500 billion a year to file tax returns. That does […]
Gaming the dead or porking our safety
14 September 2007Six weeks after the bridge collapse in Minneapolis and probably before all the bodies have been found our US Senate has answered and risen to the moment with a “transportation” bill loaded with at least $2 billion in pork spending earmarked for Senator’s pet projects back home.
This is a favorite tactic, load up bills that […]
There are two Americas, or death, taxes and health care
4 September 2007No, I have not lost my senses. I do believe there are two Americas, to quote John Edwards.
“Today, under George W. Bush, there are two Americas, not one: One America that does the work, another that reaps the reward. One America that pays the taxes, another America that gets the tax breaks. One America […]
1/3 of our economy is Government.
31 August 2007In 1900 the Government (Federal and State) accounted for 8% of Gross Domestic Product (GDP) in 1950 Government spending rose to 21% and in 2007 it will reach 32%.
Very close to 1/3 of our economy is based on Government spending. Since Governments make nothing and sell nothing, their money is raised off the […]
Bulgaria to Adopt a 10% Flat Tax Rate
3 August 2007Since Estonia adopted a flat tax rate in 1994, enjoying very robust GDP growth ever since, Eastern European countries have been gradually warming to this system that promises to attract foreign direct investment, increase transparency, and drastically curb tax evasion. Slovakia, Romania, Albania and many former Soviet republics have all adopted a flat tax.
Now it’s […]
Estonia adopted a 26% flat tax in 1994 and never looked back
23 June 2007When it comes to taxation, some of the most competitive economies suddenly look more like developing countries. America’s tax system is among the worst, with those in Western Europe not far behind. According to the World Bank, only four other nations, including Britain, have longer tax codes than the U.S. The World Economic Forum is […]
Liability $516,348 per U.S. household
22 June 2007Rules ‘hiding’ trillions in debt
The federal government recorded a $1.3 trillion loss last year — far more than the official $248 billion deficit — when corporate-style accounting standards are used, a USA TODAY analysis shows.
The loss reflects a continued deterioration in the finances of Social Security and government retirement programs for civil servants and military […]
“This is a very fair, progressive, and wonderful tax package for the state of Connecticut,” Daily said
30 May 2007Cue movie scene, Democrats running through meadows of flowers carrying large baskets of cash and throwing the money to lines of adoring peasants.
Cue music, Twlight Zone theme. Now in your best Rod Sterling voice, “Contemplate this, WHAT PLANET ARE THEY ON?”. It is so wonderful, full of love and caring and compassion and […]