Category Archives: Tax
Now It’s Romney Targeting the “1%”
I have been resigned the last month or so that Mitt Romney will be the Republican nominee. Here’s a scenario: if Romney does well in Arizona and outright wins Michigan, no one will be able to compete with him on Super Tuesday. As a result, money for Rick and Newt will start to dry-up, while Ron Paul holds out all the way to convention to get Rand on as Veep. Done. That what makes this so damn painful to watch: Pure ready-made DNC attack ad material come late Spring. Awesome: [ grimy attack ad voice ] “ Is the GOP on the verge of nominating a flip-flopper from Massachusetts? “ Plus, how can this class warfare rhetoric jazz-up the conservative base? It won’t — it’ll just annoy us. The “1%” pay enough. I’m in the 50.5% and I pay too much! In truth it’s the 49.5% that needs to pick up the slack ! Our government’s problem is not about revenues, it’s about spending. While a President Romney is still better than Obama, why do I get the sinking feeling that I’ll likely be attending a Tea Party rally protesting Romney’s huge-spending, debt-ballooning, interest-group pandering, weak-kneed RINOism one day? I despise holding my nose. Rubio-Paul 2012! ( if only )
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Now It’s Romney Targeting the “1%”
If Bush Had Done That
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15414 Bedrock Dr Corpus Christi, TX, 78410 USA
support@ifbushhaddonethat.com • 361-443-4402
Tax Deadbeats
Our federal tax code is broken. Fifty-one percent of Americans don’t pay any federal income tax. I’ll repeat that. 51 out of every 100 Americans do not have any federal income tax liability. 49% pay all personal income taxes. What’s worse is that with various income tax credits millions who pay nothing really get money from the federal government. For them, April 15th isn’t tax day — it’s pay day. And there’s more. According to IRS records , federal workers owe $3.4 billion in back taxes for the year 2010. 26,000 Postal Service employees owe $270 million. It’s $100 million for D-O-D military and civilians. Congressional employees owe $10 million. Workers in the Treasury Dept — home of the IRS — owe $9 million. More than $800,000 is owed by people who work directly for the President. Federal workers who don’t pay their taxes is as terrible as cops who break the law, firemen who commit arson and doctors who violate the Hippocratic oath. But I will say this in defense. Our tax code is too complicated. It’s about 70,000 pages long. And it costs billions in direct costs and lost productivity to figure out how much we owe. Tax returns should be on a 3
