Tag Archives: Tax

Apr 13

EVIL SUCCEEDS IF WE DON’T DO GOOD FOR ALL….

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Unbiased TRUTH |  http://unbiasedtruth.net/ TARP Bailout Money Fails To Reach Neediest Homeowners After 2yrs. BANKS HOLDING IT! COULD U HELP?

7 tax breaks you probably overlooked | http://ti.me/IEF6zI (via @TIMEMoneyland)
Did you know if everyone in the U.S. washed in cold water, the energy saved could power the street lights of New York City  for 71.7 years? Promoted by Future FriendlyDismissFollowed by Bankrate.com and others
The Daily Show mocks George Zimmerman’s media coverage http://huff.to/I8mmFZ
‘Miracle’ Baby in Serious Condition http://thebea.st/Ixme6q #cheatsheet
Tax fight gets personal as Obama and Biden returns released – http://wp.me/p4HKM-Z8m
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       Want to change your city, state, country and world? 
Following is your best way:   CALL YOUR CONGRESSPERSONS: http://www.contactingthecongress.org/
Even if you get a voice mail, leave a message for they count the “For/Against.”
Vote for the candidate who WILL BE FAIR TO ALL, OK?
HELPING OTHERS HELP THEMSELVES HELPS YOU!
Dec 10

NO “JOB CREATOR” FOUND WHO OPPOSES SURTAX ON MILLIONIARES?

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By Tanya Somanader on Dec 9, 2011 at 2:10 pm:

 Yesterday, Republicans again shot down an extension of a payroll tax break for middle-class families due to their objection to a 1.9 percent tax increase on the top 0.2 percent of income earners. Naturally, Republicans are recycling their spurious claim that taxing America’s millionaires will somehow hit small businesses and stifle job creation.

“It’s just intuitive that, you know, if you’re somebody who’s in business and you get hit with a tax increase, it’s going to be that much harder, I think, to make investments that are going to lead to job creation,” said Sen. John Thune (R-SD). Hoping for more than Thune’s intuition, NPR put out a request to Republican offices and the business groups that have been lobbying against the surtax to find business owners who’d be affected. Unsurprisingly, Republican leadership and the business groups came up empty: We wanted to talk to business owners who would be affected. So, NPR requested help from numerous Republican congressional offices, including House and Senate leadership. They were unable to produce a single millionaire job creator for us to interview. So we went to the business groups that have been lobbying against the surtax. Again, three days after putting in a request, none of them was able to find someone for us to talk to. A group called the Tax Relief Coalition said the problem was finding someone willing to talk about their personal taxes on national radio.

For much more click on:

http://thinkprogress.org/economy/2011/12/09/385989/republicans-job-creators-taxes/

Also, check out the latest video clip news about

 ”WHO KILLED OSAMA?”, “GOP CANDIDATES TURNING DOWN TRUMP”, etc. on:

 http://xfinity.comcast.net/news/

Sep 21

MILLIONAIRES: USA 1%; CONGRESS 46%. SEE PROBLEM?

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?1% Millionaires in USA. 46% MILLIONAIRES IN THE CONGRESS. SEE THE PROBLEM? No wonder the majority of them want reduced taxes while taking benefits from middle class, poor & elderly, students, etc. Read or listen below.-mackie

 
President Obama’s “Buffett Rule” would mean a new tax for people who make more than a million dollars a year, who currently pay a much lower rate than an average middle-class American. The president, in fact, proposed this rule to a group of people with a lot of millionaires in it: Congress.

President Obama continued laying what may be more groundwork for his re-election campaign Monday, including a new tax proposal. He calls it the “Buffett rule”: a new tax on people making more than $1million a year, who currently pay a much lower rate than an average middle-class American. The president, in fact, proposed this rule to a group of people with a lot of millionaires in it.

The number of Americans who are millionaires is pretty low — about 1 percent of the population. Members of Congress who are millionaires? Nearly 50 percent.

Aug 25

46% OF US PAY NO TAXES????????????????

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THERE IS A MOVEMENT GOING ON THAT SUGGESTS THAT MIDDLE AND LOWER CLASS PEOPLE
(most of us) DON’T PAY TAXES.
Following are highlights of this falsehood.  Without the “most of us” people America would collapse. ~mackie
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Much has been made of the Tax Policy Center’s estimate that fully 46 percent of Americans will pay no federal individual income tax this year.
Commentators have often misinterpreted that percentage as indicating that nearly half of Americans pay no taxes.
In fact, however, many of those who don’t pay income tax do pay other taxes—federal payroll and excise taxes as well as state and local income, sales, and property taxes.
The large percentage of people not paying income tax is often blamed on tax breaks that zero out many households’ income tax bills and can even result in net payments from the government. While that’s the case for many households, a new TPC paper shows that about half of people who don’t owe income tax are off the rolls not because they take advantage of tax breaks but rather because they have low incomes. For example, a couple with two children earning less than $26,400 will pay no federal income tax this year because their $11,600 standard deduction and four exemptions of $3,700 each reduce their taxable income to zero. The basic structure of the income tax simply exempts subsistence levels of income from tax.
For much more click on:
Apr 17

Taxes at Lowest Level in 60 Years

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I’m sure the teabaggers in DC today will be thanking Obama and the Democratic Congress for overcoming GOP obstructionism and lowering taxes to their lowest level in 60 years?

“The American people need to be reminded that 98 percent of Americans got a tax cut last year,” Senate Majority Leader Harry Reid said Wednesday.

Reid was referring to the impact of the American Recovery and Reinvestment Act, otherwise known as the stimulus — essentially, the only Obama policy to really impact people’s 2009 tax returns. In fact, tax refunds reached an all-time high this year in part because of the stimulus, the president said in his weekly address on Saturday. Meanwhile, taxes are at their lowest levels in 60 years, according to William Gale, co-director of the Tax Policy Center and director of the Retirement Security Project at the Brookings Institution.

“The relation between what is said in the tax debate and what is true about tax policy is often quite tenuous,” Gale told Hotsheet. “The rise of the Tea Party at at time when taxes are literally at their lowest in decades is really hard to understand.”

For more click on these links:

http://www.dailykos.com/

Americans paying less taxes this year despite Tax Day rhetoric …

Tax Rates At Their Lowest Point In 60 Years Is A Problem | FDL …
Apr 15, 2010 … We pay less tax than many Europeans countries with their …. rest of the budget for several decades, it is BS on that count as well. … The 400 richest people in America had an effective tax rate in 2007 of just 16.6%. …