Lies, Damn Lies and FactCheck.org

Americans can afford to pay more in taxes, say liberals, after the Congressional Budget Office released a report that shows that for 2009 “federal tax rates had fallen to the lowest in 30 years,” at 17.4 percent of income according to FactCheck.org – just in time to correspond with President Barack Obama being sworn in.

The Scarecrow couldn’t make the waters recede, begin to heal the earth or make the Red Sea part, but he apparently fixed the tax tables for us while we were sleeping.

And FactCheck then reminds us- breathlessly- that taxes “fell again in his first year in office,” even though those darned Republicans lied about the Scarecrow

“Despite Republican criticisms, and Obama’s own campaign promise to raise taxes on upper-income households, the new president was a tax cutter in 2009,” says HackCheck.

There are many ways to describe the Scarecrow and President King, but as a tax-cutter?

In a disclaimer buried in the bottom of the “fact check,”- which is selflessly brought to us by the Annenberg Public Policy Center of the University of Pennsylvania through a generous grant of tax dollars- they say that, of course, “we offer no opinion on whether taxes are too high or too low, or just right. That’s a matter of intense national debate.”

Fact: tax rates are at a 30-year low under Obama, says the web site Death and Taxes;

CBO: Fed tax rates hit historic low, says Politico; In 2009, Americans Paid Lowest Tax Rates In 30 Years To Federal Government, says the Huffington Post.

The message is clear: Selfish Americans are just not paying their fair share to a starving federal government.

But, as these charts from our friends at Political Calculations show, regardless of tax policy, federal tax receipts have remained stable at about 18 percent of our GDP since 1946. When rates have been above the average, it’s been during times of economic expansion- highlighted in green; and when rates have been below the average, it’s been because of recessions- highlighted in orange.

You want higher federal receipts? Then raise GDP, not the marginal tax rates on people.

Because, while Obama fiddles about taxes and fairness, the economy, which is the real engine of tax “fairness,” continues to burn.

And even as those in the top one-percent of earners have seen their tax rates go up from 28.3 percent of income, to 28.9 percent of income, the top earners now account for a smaller percentage of total tax revenue because they make less money to tax.

News flash to the economists at FactCheck: Tax rates have gone down because we suffer from an economic malaise that’s now one-third of the way into its second decade.

A progressive tax scheme, which was built to take into account a certain percentage of income in each income quintile and tax income at higher rates in the higher levels, will certainly collect revenue at a much lower rate when incomes begin to shrink and less money is concentrated in the top two quintiles.

Let’s forget for a moment the fact that out of control spending and unfunded future government commitments are the real drag on the economy. You know? Small commitments like Social Security, Medicaid, Obamacare, Fannie Mae, Freddie Mac, all real estate holdings, student loans, the Entire Known Banking System, plus any Finance Companies Owned by Alien Life Forms- just as soon as Obama signs the executive order authorizing the take over of Little Green Banks.

The real issue is that as income levels go down, the government will have to dig deeper and deeper into the middle class to raise income tax revenue or they will have to impose some sort of Value Added, or sales tax.

Already this is happening. The CBO report demonstrates that the portion of tax revenue paid by the middle class is going up.

But the solution to that tax problem isn’t to sock it to the rich. The solution is in creating a healthy economy; an economy that grows.

Because here’s the picture dear friends: When the country has boom times again- and we will- everyone will admire those one percenters who invented the wonder drugs, or the new type digital device that makes life easier or happier or more fun.

And while we’re on the subject of TAXES:

Direct Deposit tax HR4646 ON JANUARY 1, 2013, (which will soon be here!)

THE US GOVERNMENT WILL BE REQUIRING EVERYONE TO HAVE DIRECT DEPOSIT FOR SS CHECKS.

Subject: HR 4646 Be sure to read entire explanation

Watch for this AFTER November elections; remember this BEFORE you VOTE, in case you think Obama is looking out for your best interest. A 1% tax on all bank transactions is what HR 4646 calls for.

Do you receive a paycheck, or a retirement check from Social Security or a pension fund and have it direct deposit?? Well guess what ... It looks as if Obama wants to tax it 1% !!! This bill was put forth by Rep. Chaka Fattah (D-PA).

YES, that is 1% tax on all bank transactions - HR 4646, every time it goes in and every time money goes out. 1% tax on all bank transactions ~ HR 4646 - ANOTHER NEW OBAMA TAX SLIPPED IN WHILE WE WERE ASLEEP.

Checked this on snopes, it’s true! Check it out yourself ~ HR 4646. President Obama’s finance team is recommending a one percent (1%) transaction fee (TAX). Obama’s plan is to sneak it in after the November elections to keep it under the radar.

This is a 1% tax on all transactions at any financial institution - banks, credit unions, savings and loans, etc. Any deposit you make, or even a transfer within your own bank from one account to another, will have a 1% tax charged.

If your paycheck or your Social Security or whatever is direct deposit, it will get a 1% tax charged for the transaction. If your paycheck is $1000, then you will pay Obama $10 just for the privilege of depositing your paycheck in your bank.

Even if you hand carry your paycheck or any check in to your bank for a deposit, 1% tax will be charged. You receive a $5,000 stock dividend from your broker, Obama takes $50 just to allow you to deposit that check in the bank. If you take $1,000 cash to deposit at your bank, 1% tax will be charged.

Mind you, this is from the man who promised that, if you make under $250,000 per year, you will not see one penny of new tax. Keep your eyes and ears open, you will be amazed at what you learn about this guy’s under-the-table moves to increase the number of ways you are taxed.

Oh, and by the way, if you receive a refund from the IRS next year and you have it direct deposited or you walk in to deposit that check, you guessed it.

You will pay a 1% charge of that money just for putting it in your bank. Remember, any money, cash, check or whatever, no matter where it came from, you will pay a 1% fee if you put it in the bank. Some will say, oh well, it’s just 1%. Are you kidding me? It’s a 1% tax increase across the board. Remember, once the tax is there, they can also raise it at will. And if anyone protests, they will just say, “Oh,that’s not really a tax, it’s a user fee”!

Think this is no big deal? Go back and look at the transactions you made from last year’s banking statements. Then add the total of all those transactions and deduct 1%. Still think it’s no big deal?

WHEN DID THE GOV. EVER NOT INCREASE A TAX ONCE IT WAS VOTED IN. THIS ONLY THE BEGINNING THE 1% WILL BECOME 2% WITH NO STOPING IN SIGHT REMEMBER THE LOCK BOX OUR S.S. MONEY WAS IN.

The following is copied from Snopes:

1. snopes.com : Debt Free America Act... Is the U.S.government proposing a 1% tax on debit card usage and/or banking transactions? ...It is true. The bill is HR-4646 introduced by US Rep Peter deFazio D-Oregon and US Senator Tom Harkin D-Iowa. Their plan is to sneak it in after the... ...moved beyond proposing studies and submitted the Debt Free America Act (H.R. 4646), a bill calling for the implementation of a scheme to pay down the......[2010] by Rep. Chaka Fattah (D-Pa.). His “Debt Free America Act” (H.R. 4646) would impose a 1 percent “transaction tax” on every financial transaction...Wed, 02 Nov 201111:27:37 MThttp://www.snopes.com/politics/taxes/debtfree.asp

Duh, when you deliberately kill the economy and put more of your people, and many others, out of work or into lower paying jobs of course you can deceive everyone as YES the AVERAGE tax rate paid is lower BECAUSE SO MANY ARE UNEMPLOYED OR IN LOWER WAGE JOBS.

The GOP, if it really knew how to fight a campaign, would be peppering this half breed member of Al Qaeda with this fact.

No they will let him and his Klan With A Tan, put out this TRUE statement without making it perfectly clear the reason for the decline.

I apologize to any of the Americans on the FR who are of African heritage but 96% of your group are an enemy of the USA and I no longer give a damn if I offend someone with the truth. There is a serious problem with this group.

This administration and those in cities like Detroit and Buffalo etc should give us all a clue as to what this country will look like when the minority becomes the majority rule. They did not learn from their own mistreatment but are instead on a permanent campaign of “Get Even With Them”.

Millions have come here (aka NOT BORN HERE) from countries with not only a different language but with a different alphabet and have worked hard to become contributing members of our society. Others not so much. When 96% vote for communists you are an enemy of us all and all the race cards in the world cannot hide your treason.

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.