Posted on 11/26/2011 12:04:58 PM PST by Sub-Driver
Doesn’t GE which owns MSNBC not pay taxes? That’s what I heard on the Savage Nation.
I agree how about we get those 52 percent that dont pay any taxes!
It’s actually Comcast/GE or Cumcast as Savage calls them.
Progessives just want to steal your money; then kill you. Simple as that. Progressives steal, progressives kill.
“Progessives just want to steal your money; then kill you. Simple as that. Progressives steal, progressives kill.”
But if the progressive kill the people who make money, how will they have any money? Seems kind of self-defeating.
As the Iron Lady put it: “The trouble with Socialism is you eventually run out of other people’s money.”
Obviously whomever is conducting the audit isn’t accurately accounting all taxation.
States such as NY and CA typically have about a 50cent/gallon set of taxes on gasoline.
So for every mile traveled, that’s about 2-5cents per mile taxed for vehicle travel.
That tax hits every hard commodity sold in those states just for delivery charges.
Now add the 8.5 percent sales tax and the lowest income workers are nearly always paying a minimum of 10% tax just to survive with any income.
The larger curse are the number of regulatory requirements for all aspects of commerce, which drive unnecessary costs when not required except by regulatory fiat.
As a rule of thumb we pay roughly 10x the raw cost for any product and service.
That is why the economy is failing.
The rest of society has just been corrupted by those metrics as business as usual. Any efficiencies gleaned are simply regulated and taxed again, not only removing profits, but reducing incentive to even work.
There needs to be legislation that puts a check box on the 1040 that says, “I believe in big government and love socialist programs. I want to have an additional percent added to my tax as follows: A. 5% B. 10% C. 20% D. Higher as indicated _ _ %.”
Then liberals can put their money where their big socialist mouths are.
Did anybody ask these commie turds why their former parent company, GE, paid no taxes?
little peopleto whom they gave jobs!
http://www.rushlimbaugh.com/daily/2011/08/05/there_aren_t_enough_rich_to_tax
Right now it looks like we're in a race to see whether the country or Obama will tank first. It looks like it's running neck and neck here. And the trick here is to make Obama tank first. Now, this UK Daily Mail story that you will not see in the US media. "Soak the rich, eh? They do not have the money. A report from the Internal Revenue Service found that the rich --" and the rich are defined this way: 8,274 people with incomes of $10 million per year or more. What do you think those 8,274 people earned combined in 2009? Snerdley, take a wild guess. All of you out there, take a wild guess in your mind. I'm not asking you to call and I'm gonna tell you what the number is here in just a second. But just think about this, 8,274 people with incomes of $10 million per year or more.Now, you got Buffett in there and Gates at their $40 to 50 billion, but that's their net worth. What do they earn? It's a different number. But you take all of those people, just give me a number, what do you think, 8,274 people with incomes of $10 million per year or more, what was the combined total income earned of all those 8,274 people in 2009? One trillion, $250 billion. That's what you say, Brian? Snerdley says a trillion. The answer is $240 billion. Brian, you were $10 billion off. That's it. That's right. That's it. The 8,274 people with incomes of $10 million per year or more earned a total of $240 billion in 2009.
"Even of you confiscated every dime they earned, you would barely have enough money to cover government spending for 24 days." In fact, this $240 billion, I mean that's pretty close to the actual real number of budget cuts in the debt deal when you strip everything away. Now, about 25% of that money already goes to the federal government for federal income. So actually that $240 billion would run the government for 18 days.
"Another 227,000 people earned $1 million or more in 2009. Millionaires averaged taxes of 24.4% of their income -- up from 23.1% in 2008." Now, you might be asking, how did that happen? Well, the Bush tax cuts, folks. Obama's tax increases hadn't started, and Obama's not immaculated yet. "They, too, did not earn enough money to come anywhere close to covering the annual deficits that are $1.5 trillion a year." So 8,274 people who earn $10 million per year or more, earn a total of $240 billion in 2009. Another 227,000 people earned a million dollars or more in 2009. But it doesn't come anywhere close to covering the deficit of $1.5 trillion.
"Barack Obama was the first president to sign a budget with a $1 trillion deficit into law. In fact, all the taxpayers -- including the ones who get a refund check bigger than the withholding taxes they paid -- have the money." The point of this is next time you hear Obama or a Democrat say we've got to raise taxes on the rich, it's not about getting revenue to run the government because they don't have the money. Now, I've been doing this show for 23 years, and I have been employing this data, whatever the accurate data was for the year I was disclosing it, it hasn't changed in terms of percentages. Confiscate every dollar earned by people who make $10 million a year or more and you run the country for barely over two weeks. That has not changed since I first heard of this statistic 23, 25 years ago. It hasn't changed. As it is, these people are already paying 70% of the total income tax burden! So there's no economic growth hidden away here in a tax increase on these people.
How does taking money out of the private sector grow it? And that's what tax increases do. How in the world does taking money out of the private sector cause it to grow? Mathematically impossible, folks. From Reuters: "Total adjusted gross income reported on tax returns, measured in 2009 dollars, was $7.626 trillion, down from $8.233 trillion in 2008 and $8.989 trillion in 2007. Total adjusted gross income was up only slightly from the $7.475 trillion reported in 2001, when there were 10 million fewer taxpayers."
Individual tax collections equaled 15.4% of all income. "Doubling federal income taxes for everyone would still leave us $400 billion or so shy of balancing the budget." That's the bottom line. Doubling federal income taxes for everybody would raise $1.1 trillion, $400 billion shy of the deficit. I know these numbers are hard to follow, but all this is gonna be on RushLimbaugh.com later today, and I suggest you go there, print it out, or e-mail it, make electronic copies, PDF, whatever you want, and spread this around. This needs to be seen by many people. It's not going to be in the US media.
I’ll gladly pay 3% to 5% more in federal taxes - as long as the 47% who pay not a damn cent are forced to pay at my tax rate. Until that happens, I will seek ways to mitigate my tax liability any way I can.
He’s absolutely right, 47% of Americans do not pay enough Taxes.
That is what he said, right? I couldn’t get past the headline.
Who is John Galt
I consider that a reason to rethink how we do taxes. I think it's time to skip soaking the rich, and leapfrog the middle class when it comes to asking for contributions.
No, I think it's time to target the poor. The Section Eight and WIC people. That wino squirting water on your windshield while holding a squeegee. We need to start taxing the living daylights out of this bunch: it has to be the most untapped source of cash in this country.
If we're going to strangle this goose, we need to quit pussyfooting around and do it right. Who's with me?
Ignorance is bliss. After the tax rate reductions, the goverment revenues from income taxes went from just shy of $1 trillion in 2002 to around $1.5 trillion in 2007.
Hard to believe liberals are so economically stupid with all those college degrees. (sarc /)
I have rebranded the network as MSDNC
Democrats really don’t believe that because the only people they are interested in taxing are the rich. And their just isn’t enough money there to support this supper welfare state. EVERYONE is going to have to give the collectivists MUCH MUCH MORE. Or slash it. That’s the choice.
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