How anyone who works for a living can vote democrat is beyond me. Yet the Rats claim to be the party for working people.
From the CBO paper, page 4
“The average federal tax rate for all
households fell 2.5 percentage points from 2007 to
2009, reaching the lowest level seen in the 1979–2009
period. The largest decline was for households in the
lowest income quintile. “
In other words - Bush’s Fault!
Obama’s first year was played under rules set out the year before (remember when they tried to portay his first-year spending this way - ignoring Porkulus, of course)
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
1-Assume the goal is to increase Federal Tax Receipts.
2-Note that the year of RECORD Federal Tax Receipts was 2007....
UNDER THE CURRENT TAX RATES!
3-Acknowledge that deficits are the result of UNCONTROLLED SPENDING!
NOT insufficient tax revenue!!!
4-Liberals are genetically unaware there are TWO columns on a balance sheet
Hoover vs 0 economy
http://libertyworks.com/were-living-through-a-rerun-of-hoover-economics/
Nice graphic too.
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.