Posts Tagged ‘Income tax’

Only in America

May 22, 2012

1. Only in America could politicians talk about the greed of the rich at a $35,000 a plate campaign fund raising event.

 

2. Only in America could people claim that the government still discriminates against black Americans when we have a black President, a black Attorney General, and roughly 18% of the federal workforce is black. 12% of the population is black.

 

3. Only in America could we have had the two people most responsible for our tax code, Timothy Geithner, the head of the Treasury Department and Charles Rangel who once ran the Ways and Means Committee, BOTH turn out to be tax cheats who are in favor of higher taxes.

 

4. Only in America can we have terrorists kill people in the name of Allah and have the media primarily react by fretting that Muslims might be harmed by the backlash.

 

5. Only in America would we make people who want to legally become American citizens wait for years in their home countries and pay tens of thousands of dollars for the privilege while we discuss letting anyone who sneaks into the country illegally just become American citizens.

 

6. Only in America could the people who believe in balancing the budget and sticking by the country’s Constitution be thought of as “extremists.”

 

7. Only in America could you need to present a driver’s license to cash a check or buy alcohol, but not to vote.

 

8. Only in America could people demand the government investigate whether oil companies are gouging the public because the price of gas went up when the return on equity invested in a major U.S. oil company (Marathon Oil) is less than half of a company making tennis shoes (Nike).

 

9. Only in America could the government collect more tax dollars from the people than any nation in recorded history, still spend a trillion dollars more than it has per year for total spending of $7 million PER MINUTE, and complain that it doesn’t have nearly enough money.

 

10. Only in America could the rich people who pay 86% of all income taxes be accused of not paying their “fair share” by people who don’t pay any income taxes at all.

So, what do we actually have to do to get America back on the *straight and narrow* my friends?


Stolen from Texas Fred

Proposition 103: What is the Cost to Colorado Taxpayers?

October 22, 2011

IP-7-2011 (October 2011)
Author: Barry Poulson and John D. Merrifield

PDF of full Issue Paper
Scribd version of full Issue Paper

Introduction:

Proposition 103 is an initiative that will increase Colorado tax rates and require the state to spend the money on government schools. Prop 103 increases the personal income tax, the corporate income tax, and the statewide sales and use tax for the years 2012 through 2016.

The Fiscal Impact Statement prepared by Colorado’s Legislative Council Staff estimates the cost of the tax increase at $2.9 billion. However, the cost for Colorado taxpayers will be significantly greater than staff estimates. Legislative Council uses static analysis, measuring only the direct impact of the higher taxes on state revenue. They ignore the negative impact the tax increase will have on economic growth and jobs in Colorado.

SOURCE

So, even with built in automatic tax increases Colorado Schools (Unions) need even more money. Now why couldn’t I have guessed that?

Nevertheless, I’m sure that the people of Colorado will vote in favor of this measure. Because after all is said and done the people there are stuck on stupid.