March 29, 2013

Taxes “well spent.” Not!

Nothing like a government that has our back when it comes to responsible guardianship of the taxes they collect from us, and well they should be, since that money is our money.

They should, in fact, be paying exceptionally close attention to how they dole out our money these days, considering all the hype we get regarding the dreaded “sequester”…

Energy Department approves lavish bonuses: $3.5 million to 10 workers alone

Ten contractors are on pace to collect $3.5 million in excessive bonuses due to a lack of oversight, investigators warn

Federal employees are facing unpaid days off and salary cuts due to the sequester, but several contract workers inside the Energy Department are still raking in the cash.

Ten individuals at the department’s operations in Oak Ridge, Tenn., are set to make an extra $3.5 million above and beyond their normal pay, according to an Energy Department inspector general investigation that exposed a lavish bonus system.

The operations in Tennessee include a national laboratory, a security site, and a former uranium enrichment facility that is being cleaned up. The contractors are involved in what is known as the East Tennessee Technology Park, where the cleanup work is going on. (An earlier version of this story incorrectly mentioned the lab as being connected to the contractors.)

The 10 people are executives at the company UCOR, which the department hired for environmental clean-up. And despite watchdog warnings that the executives’ salaries are as much as 82 percent above the market rate, Energy Department officials continue to pay out the bonuses.

The entire article is here, in The Washington Guardian.

by @ 9:52 am. Filed under Our Taxes, Taxes, Taxpayer Abuse

April 13, 2010

Into The VAT

We hear more and more about the pushing of the Value Added Tax by the kommies in our midst, who thing every working (or spending) American is a mere cash sponge to be wrung out without mercy in order to finance the ever-increasing monetary demands of a socialist country.

Recently, progressives have made noise about introducing a value-added tax (VAT) in the United States. The VAT is an indirect tax — that is, Americans wouldn’t pay the tax directly to government, but would pay it to businesses as part of the retail price of things we buy, and businesses would then remit the tax to Uncle Sam.

A VAT is set at a fixed rate — say, 10 or 15 percent — added to the price of a good at every step of production, with a deduction allowed for the amount of VAT paid during earlier stages of production. The more steps there are in transforming raw materials into complex consumer goods, the higher the resulting consumer price as a result of those multiple layers of taxation.

Many countries have VATs, including Canada, Mexico, and the European Union. One might say that a VAT is an emblem signifying that a country’s government consumes a large percentage of its GDP, for VATs seem to go hand-in-hand with big-budget nanny states.

The reason for this phenomenon is simple: Any government that seeks to be all things to all people, and therefore seeks to spend ubiquitously, must inevitably seek to tax ubiquitously. Such governments have insatiable appetites for revenue. Because VATs are cash cows, diverting huge sums of money from consumers to government, they are favorites of big-spending governments.

Unfortunately, though, VATs have significant negative economic consequences.

Because they inflate consumer prices, quantities demanded fall. Most often, the marginal buyers who can no longer afford to pay the higher price are poorer citizens. When government policy raises
prices, the first victims are poor people.

The second victims of a VAT are the workers who will lose their jobs as a result of falling demand for the newly higher-priced goods.

Many affluent Americans may not curtail their consumption, but because more of their money is diverted to the government treasury, their savings must correspondingly decline. This results in decreased capital accumulation, which, in turn, slows business expansion, development, and formation. It also slows the growth rate of labor productivity, hence retarding economic progress for workers.

Read on.

These leftists, who have no respect for the Constitution nor for the intentions of our founding fathers, and who certainly despise the very principles that define the United States of America, would love to watch our nation come apart, sinking into an abyss of socialism…

…and as a bit of lagniappe, let’s finish with an excellent and unrelated column by Wesley Pruden.

by @ 11:59 am. Filed under Assholes, Congress, Parasites, Politicians, Socialism, Taxes, The Economy, Weasels

March 26, 2010

At This Point…

…what if there was a revolution? I mean, what if Americans flatly refused to acknowledge laws stemming from the ObamaCare debacle and started cleaning their weapons, so to speak?

How could anyone call it treason, or otherwise condemn it, when all that these rebels would be doing was emulating our nation’s founders?

The American Revolution was fought, after all, to gain freedom from a kind of tyranny that, in truth, was not much different from what we are experiencing now under the Obama regime — yes, I said regime, not administration.

We, The People, are being ruled by officials elected, according to the Constitution, to govern according to the will of the people, not the other way around.

Yet here we are, having come full circle, so in the spirit of America, it seems to me that if there were a revolution, it should ideally be a short one — it would be an act of treason, in my opinion, for any U.S. serviceman, Law Enforcement officer or other American citizen in a position to do so to take up arms against the people if we got it into our heads to do exactly as our founding fathers did in the 1770s, taking our country away from those who would tax us into oblivion and dictate to us.

These politicians have violated the Constitution which is, given their oaths of office and the nature of their jobs, a federal crime in itself.

So, the Obama Administration and the Democrats in the House and Senate, those who voted for the “HealthCare” bill, are technically all felons, no matter what they and their sycophantic arse creepers of the lefty media say about it.

Doesn’t that make the President and his congressional majority a “renegade” criminal government, anyway, and certainly even less valid than that of the late King George?

March 6, 2009

And This One…

…arrived in my inbox a couple of days ago, one I thought I’d share.

A letter from the Boss To All My Valued Employees,

There have been some rumblings around the office about the future of this company, and more specifically, your job. As you know, the economy has changed for the worse and presents many challenges. However, the good news is this: The economy doesn’t pose a threat to your job. What does threaten your job however, is the changing political landscape in this country.

However, let me tell you some little tidbits of fact which might help you decide what is in your best interests.

First, while it is easy to spew rhetoric that casts employers against employees, you have to understand that for every business owner there is a Back Story. This back story is often neglected and overshadowed by what you see and hear. Sure, you see me park my Mercedes outside. You’ve seen my big home at last years Christmas party. I’m sure; all these flashy icons of luxury conjure up some idealized thoughts about my life.

However, what you don’t see is the BACK STORY :

I started this company 28 years ago. At that time, I lived in a 300 square foot studio apartment for 3 years. My entire living apartment was converted into an office so I could put forth 100% effort into building a company, which by the way, would eventually employ you. My diet consisted of Ramen Pride noodles because every dollar I spent went back into this company. I drove a rusty Toyota Corolla with a defective transmission. I didn’t have time to date. Often times, I stayed home on weekends, while my friends went out drinking and partying. In fact, I was married to my business — hard work, discipline, and sacrifice.

Meanwhile, my friends got jobs. They worked 40 hours a week and made a modest $50K a year and spent every dime they earned. They drove flashy cars and lived in expensive homes and wore fancy designer clothes. Instead of hitting the Nordstrom’s for the latest hot fashion item, I was trolling through the discount store extracting any clothing item that didn’t look like it was birthed in the 70’s. My friends refinanced their mortgages and lived a life of luxury. I, however, did not. I put my time, my money, and my life into a business with a vision that eventually, someday, I too, will be able to afford these luxuries my friends supposedly had.

So, while you physically arrive at the office at 9am, mentally check in at about noon, and then leave at 5pm, I don’t. There is no “off” button for me. When you leave the office, you are done and you have a weekend all to yourself. I unfortunately do not have the freedom. I eat, and breathe this company every minute of the day. There is no rest. There is no weekend. There is no happy hour. Every day this business is attached to my hip like a 1 year old special-needs child. You, of course, only see the fruits of that garden — the nice house, the Mercedes, the vacations… you never realize the Back Story and the sacrifices I’ve made.

Now, the economy is falling apart and I, the guy that made all the right decisions and saved his money, have to bailout all the people who didn’t. The people that overspent their paychecks suddenly feel entitled to the same luxuries that I earned and sacrificed a decade of my life for.

Yes, business ownership has is benefits but the price I’ve paid is steep and not without wounds. Unfortunately, the cost of running this business, and employing you, is starting to eclipse the threshold of marginal benefit and let me tell you why: I am being taxed to death and the government thinks I don’t pay enough. I have state taxes. Federal taxes. Property taxes. Sales and use taxes. Payroll taxes. Workers compensation taxes. Unemployment taxes. Taxes on taxes. I have to hire a tax man to manage all these taxes and then guess what? I have to pay taxes for employing him. Government mandates and regulations and all the accounting that goes with it, now occupy most of my time. On Oct 15th, I wrote a check to the US Treasury for $288,000 for quarterly taxes. You know what my “stimulus” check was? Zero. Nada. Zilch.

The question I have is this: Who is stimulating the economy? Me, the guy who has provided 14 people good paying jobs and serves over 2,200,000 people per year with a flourishing business? Or, the single mother sitting at home pregnant with her fourth child waiting for her next welfare check? Obviously, government feels the latter is the economic stimulus of this country.

The fact is, if I deducted (Read: Stole) 50% of your paycheck you’d quit and you wouldn’t work here. I mean, why should you? That’s nuts. Who wants to get rewarded only 50% of their hard work? Well, I agree which is why your job is in jeopardy.

Here is what many of you don’t understand .. to stimulate the economy you need to stimulate what runs the economy. Had suddenly government mandated to me that I didn’t need to pay taxes, guess what? Instead of depositing that $288,000 into the Washington black-hole, I would have spent it, hired more employees, and generated substantial economic growth. My employees would have enjoyed the wealth of that tax cut in the form of promotions and better salaries. But you can forget it now.

When you have a comatose man on the verge of death, you don’t defibrillate and shock his thumb thinking that will bring him back to life, do you? Or, do you defibrillate his heart? Business is at the heart of America and always has been. To restart it, you must stimulate it, not kill it. Suddenly, the power brokers in Washington believe the poor of America are the essential drivers of the American economic engine. Nothing could be further from the truth and this is the type of change you can keep.

So where am I going with all this?

It’s quite simple.

If any new taxes are levied on me, or my company, my reaction will be swift and simple. I’ll fire you and your coworkers. You can then plead with the government to pay for your mortgage, your SUV, and your child’s future. Frankly, it isn’t my problem any more.

Then, I will close this company down, move to another country, and retire. You see, I’m done. I’m done with a country that penalizes the productive and gives to the unproductive. My motivation to work and to provide jobs will be destroyed, and with it, will be my citizenship.

So, if you lose your job, it won’t be at the hands of the economy; it will be at the hands of a political hurricane that swept through this country, steamrolled the constitution, and will have changed its landscape forever. If that happens, you can find me sitting on a beach, retired, and with no employees to worry about….

Signed, THE BOSS

A Big Hat Tip to B.J.S.

by @ 12:24 pm. Filed under Punished For Success, Taxes

October 29, 2006

The Democrats And Taxes

According to such cartoon characters as Nancy Pelosi and other Democrats, should they manage to get enough of their fellow travellers elected so as to have a majority in the House of Representatives, with Pelosi expected to become Speaker of the House (well, Halloween is almost upon us, so what’s a good scare among friends?), one of the first priorities of the Democrats will be to stamp out the Bush tax cuts and roll back our taxes to 1990s levels.

If I were an enemy of the state, I would utterly destroy my hands applauding this ambition. Unfortunately, I am a patriot who loves America, to say nothing of the fact that I am also an American who lives and pays taxes here, so I must convey the blatant fact that I am not a fan of this intended tax increase.

I understand the Democrats’ need to tax me into the ground. Well, not exactly understand it, per se, but I realize that the Democrats have a serious problem with their fellow Americans being able to keep some of the money they earn and are fixated on the concept of raising taxes whenever the opportunity presents itself.

Some people are into sky diving, some people collect butterflies, some people are passionate stamp collectors, some people love archery, some tennis, some throwing rocks at passing cars, some surfing porn websites, some collecting sea shells, some climbing trees, others mountains…. Democrats are into raising taxes. It’s what they do, just as sucking blood is what mosquitos do, or what leeches do.

It’s not their fault, it’s simply who they are.

They particularly like to tax those who are successful, like the rich and like large, prosperous corporations, and are very much like Robin Hood — they take from the rich, and give to the poor. It makes them feel good — hell, it makes them feel great — stripping a big company of its investment capital plunges them into ecstasy.

Back in the 1980s, during the Reagan Administration, the greatest President in my lifetime stopped the bloodsucking practice of penalizing American business for its success, allowing it to keep its investment capital in order to put it to work, and lo and behold, despite the Democrats’ criticism of what they fondly referred to as Reaganomics, our economy exploded into a dynamo of successful professionals, low unemployment, newly created millionaires and prosperous companies.

This trend continued through the Bush 1 Administration, but then, alas and alack, American voters sent Bill Clinton, a Democrat, off to the White House.

Keeping to the sacred tradition of Democrats, he raised taxes, as usual targeting the rich.

Before the end of his second term (he was actually reelected, go figure!), we were plunged into recession. The unemployment rate soared, businesses struggling to stay afloat transferred record amounts of their production to outsourced labor pools and after Algore, Clinton’s Veep, lost the 2000 presidential election to George W. Bush, the newly elected President engendered massive tax cuts.

Naturally the Democrats, dismayed that Americans were being permitted to keep more of their earnings, mounted yet another of their innumerable bumper-sticker friendly campaigns — “The Republicans have given tax cuts to the rich, screwing the poor as always!”

That was worth, at the very least, a good chuckle, since every American taxpayer was entitled to the cuts. The Democrats somehow managed, once realizing that they really couldn’t produce any low income working folks who were being either neglected or recieving the fid, cited poor people on welfare and other premature social security venues who weren’t benefiting from the tax cuts, the fact that these people didn’t pay any income tax to begin with notwithstanding… they actually forced the government to give something “back” to these noncontributors as well.

Meanwhile, the tax cuts enabled corporate America and smaller business people to use the “surplus” equity to expand existing business and create new enterprises.

The result has been a major rebound in our economy and a serious decrease in the unemployment rate that is still adjusting downward. America is again flourishing!

But let’s not be too confident, friends, okay? We still haven’t had this year’s elections, so we don’t actually know where we stand.

We’re pretty confident about holding a Republican majority in the Senate, but there has been a lot of negative conjecture regarding the House majority after 7 November. Personally, I believe we’ll hold our majority there, as well, though we’ll have a few less seats.

But…

Should the Democrats gain a majority in the House Of Representatives, they will raise taxes, and you can bet your bottom dollar, assuming you still have one, that the late 1990s recession will return even more quickly than it went away.

Of course, the Democrats will find a way to blame Bush….

December 7, 2005

Right March Alert, Tax Reconciliation Bills: Important!

ALERT: How about some FACTS on our economy for a change — instead of the negative LIES that keep coming from the liberals and the media (but I repeat myself)?

Here’s a FACT: The 2003 Tax Reform Package helped boost our economy with revolutionary incentives for investment. The top rate for capital gains was slashed to 15% and for the first time, dividends are now taxed as capital gains rather than ordinary income. Without these fundamental, common sense reforms, our economy would not be as healthy and capitalized as it is today.

However, unless Congress acts in the next two weeks, these reforms and many more will start to expire at the end of 2005. Fortunately, tax reconciliation bills have been passed by the House of Representatives (H.R. 4297) and the Senate (S. 2020) that could give these tax provisions a new lease on life. What is uncertain is how the final bill will emerge from conference.

While both bills include some popular tax-cut extensions that have received bipartisan support in the past, there are major differences between the measures. The House bill extends the reduced tax rates on capital gains and dividends for two years, which are currently scheduled to expire at the end of 2008. The Senate bill does not extend the reduced rates.

The differences between the House and Senate bills could set up a difficult conference between the two chambers as lawmakers attempt to trade and bargain for their favored provisions. Conservative action is needed NOW to make sure that capital gains reduction and dividend tax reforms are in the final conference report.

TAKE ACTION: You and I have worked hard to get Congress to start “sunsetting” (expire) certain laws and even agencies in the past. What we DON’T need to “sunset” are the very reforms that have BOOSTED our economy and kept it HEALTHY, in spite of the onslaught of the Clinton inflation in 2000 and 9/11 in 2001. The Democrats and liberal Republicans that want to “sunset” the beneficial reforms need to be STOPPED.

Congress is back in session for only TWO WEEKS — so they need to hear from YOU and I NOW. Click below now to send a FREE message to your BOTH your U.S. Senators and Representative, asking him or her to KEEP the vital 2003 capital gains and dividend reforms in the tax reconciliation bills:

http://capwiz.com/sicminc/issues/alert/?alertid=8298606&type=CO

NOTE: Be sure to forward this Alert to EVERYONE you know who wants to help get Congress to keep our economy healthy with these tax reforms. Thank you!

Sincerely,

William Greene, President
RightMarch.com

by @ 4:32 pm. Filed under Taxes