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August 13th, 2009 | #1 |
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Taxation, Tax Slavery, Taxes, Tax Data, Rich and Poor
Definition
Cost of Government Day (COGD) is the date of the calendar year on which the average American worker has earned enough gross income to pay off his or her share of the spending and regulatory burden imposed by government at the federal, state and local levels. Cost of Government Day 2009 Cost of Government Day for 2009 is August 12. On average, working people must toil 224 days out of the year just to meet all costs imposed by government. In other words, the cost of government consumes 61.34 percent of national income. Cost of Government Day: Trends Cost of Government falls 26 days – almost a full month – later in 2009 than last year’s revised date of July 16. In 2009, the average American will have to work an additional 43 days out of the year to pay off his or her share of the cost of government compared to 2000, when COGD was June 29. In fact, between 1977 and 2008, COGD has never fallen later than July 20th. This year even marks a sharp leap of 23 days from the previous record date, in 1982, when it fell on July 20th. The driving factor for this development is that all components of the cost of government – federal spending, state and local spending, and regulations – are now increasing faster than national income, which shrunk as a result of the financial crisis in 2008. The Emergency Economic Stabilization Act (EESA) that created the Troubled Asset Relief Program (TARP) and the American Recovery and Reinvestment Act of 2009 (ARRA), passed under the guise of economic “stimulus,” have enormously expanded federal spending. In conjunction with the FY 2010 Budget proposed by President Obama and passed by Congress, these spending bills set taxpayers up for a year when federal spending has reached a record 28.5 percent of GDP. http://www.fiscalaccountability.org/...ntent=cog09-3# |
August 14th, 2009 | #2 |
White - European - Aryan
Join Date: Dec 2003
Location: London, Ontario, Dominion of Canada
Posts: 7,147
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Would be hard to pick out any of our major or minor problems that couldn't be solved directly or indirectly with independent, fully electronic (highly crypted), local, usury free monetary systems, which would be out of reach of politicians (Is there one thing they haven't wrecked? They're worse and steal more of our money than those kings and monarchs of antiquity.) and speculators, i.e. independent from the supposed value of supposed 'precious' stones and metals.
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Alex Linder: "Want to rebel White teen? Become a White Nationalist." vnnforum.com | freedomsite.org | douglaschristie.com RACE IS NOT SKIN COLOR. LOOK HERE http://i.imgur.com/mSKW5An.png AND HERE http://i.imgur.com/6O86hP6.png |
August 20th, 2009 | #3 |
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The 61% Ratio
August 20, 2009 We past the 61% time a week ago. A week ago, we started working for ourselves! It is an unfortunate fact. 61% of our early labor, wages, effort, and sweat goes to support governments at all levels. The first 222 days of the year we work to support stupid, lazy, idiotic bureaucrats, and the next 143 days we work for ourselves. Ever thought of it that way? Ever realized just how all encompassing governments are? Ever realize just how much effort you spend supporting gobbledygook at all levels? Look at it this way: As of June 2009, 155 million people were laboring in the shrinking private sector of what remains of the American economy, with a per capita income of $39,751, or a per household income of $50,740. That 155 million worker figure is a bit misleading however, since only 20 million are actually working at construction or manufacturing. How many workers are selling stuff made in China? How many are accountants, trying to keep up with the latest tax codes? If we don't make what we use and sell, and spend untold billions of hours doing paperwork for the IRS, Medicare, or Medicaid, are those hours really productive? Is it really 'productive,' to sell foreign made items? I know, the store makes a profit and pays sales people a salary, but is it really good for America, not to make what it uses and sells? These $50,740 per year income families were supporting 22.5 million government employees at all levels, and each one was making an average of $75,419 a year, according to Econowatch. There are 3.9 million welfare recipients and 46.5 million Social Security recipients. These funds are paid directly out of the general fund, as there isn't a dime in the Social Security 'trust fund.' Only government IOU's. There are 14.7 million drawing unemployment funds, with the time limit recently being doubled, plus many millions more to join them in the future, since the depression is no where near the bottom. How do I know this? The Wall Street Journal recently pointed out that not only are there 'ghost shopping centers,' with no tenants and in foreclosure, but hundreds of hotels and resorts are also in foreclosure. Even EMI, the music outfit, is under water. The bottom has not been reached yet, regardless of the stock market's idiocy, which will eventually be brought down when enough people realize the truth about the economy. Everyone's bankrupt except the D.C. gang, and they can print all they want to pay their ever increasing bills. You say, "Wait a minute, aren't foreigners getting tired of the US debt, shrinking dollar, and lousy economy? Aren't they slowing down or even stopped buying our debt?" As Gary Cooper used to say, "Yup." No problem! The government will buy its own debt, which is called 'monetizing it.' They've already been doing it for some time, and there is no limit, unless they run out of ink. We're all paying for government laxness and the irresponsibility of 435 House Members and 100 Senators plus a non-citizen President, with ever increasing inflation and dollar devaluation. The more they print, the less they are worth and the less they will buy. History proves that once this starts, it has never been able to be stopped. It's all so simple, and about as deceptive as a bank's balance sheet. With a bank, if you owe them, it's an 'asset,' and if you have money in a bank, it's a 'liability.' The 79 banks went under because they had far too many 'assets.' When D.C. fails to sell its debt, they print up the bonds and buy them themselves. $300 million last week alone...or was that billion? The whole thing is a charade, fraud, and hoax, as large as any Ponzi scheme in history. You think Madoff was a fraud? Try the D.C. Gang and their economics. The total unfunded debt approaches $100 trillion, an amount literally impossible to comprehend. The presses run merrily on, 7/24, while Joe Six pack is wondering if he can make his next mortgage payment, or if his home is worth as much as he owes on it. Each Thursday, the number of new applicants for unemployment payments are released. 576,000 last week; up from the week before. How will it all end? Anyone's third grade arithmetic could figure it out. With an unpayable debt, government buying its own debt, and astronomical figures impossible to comprehend, you decide for yourself. Want health insurance? Buy ten ounces of gold a year, if you're a youngster, and buy progressively more each year the older you get. You'll never have to worry about paying your medical bills! When Obama visited Grand Junction Colorado last week, for a Town Hall, there were 3,000 there, and rumor has it that 2,000 Democrats were bussed in from Denver. When Sara Palan was in Grand Junction, there were 23,000 present and no one was bussed in! The Wall Street Journal announces that this fall, a "Cash for clunker appliances" deal will be started. They'll be offering $200 for that old dishwasher, rather than my suggested $100. Surely the D.C. gang don't read my columns, do they? I guess they do. Why don't they try doing something helpful, rather than destroying everything they touch, including cars which run. How is destroying things, helpful to an economy? Thanks to typical government inefficiency, many car dealers have opted out of the 'clunkers' deals. Will appliance dealers also find that promised payments from D.C. take ages? http://www.coloradogold.com/archive/...Ratio-886.html |
August 20th, 2009 | #4 |
Banned
Join Date: Jun 2004
Location: FUCK YOU!
Posts: 1,477
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Just imagine if everybody stopped paying income taxes and made it stick!
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August 20th, 2009 | #5 |
Formerly Cowboy Zeke
Join Date: Mar 2005
Posts: 3,788
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I work for a company as a contractor for the government and most of the workers are niggers, cunts, faggots, communists, mystery meat, jews and H1B foreigners.
Wonder why you can't afford shit or haven't gone on a real vacation in years white man? It is because you are getting fucked, and you don't even know it. It's like a country wide GHB blackout. Every nigger and dothead is getting paid $60-100,000 and more for doing virtually nothing and you are paying for it. They drive model year BMWs and you drive a 1996 Fuckerstucker with bald tires.
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Channon and Chris; gone but not forgotten. Fuck you hippie, you are the system. Jews are not just a race or just a religion; they are a race who worship themselves religiously. |
October 27th, 2009 | #6 | |
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Rats! City to Pay for Informing on Tax Cheats
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The average kwan is of such low quality that he'd shoot himself if he had any self awareness. -Joe from Ohio |
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October 28th, 2009 | #7 |
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Another day, another tax dollar
October 26, 2009 Could you be taxed at up to 95.2 percent of your income? Federal income tax rates would have to be nearly tripled across the income spectrum for Congress to close the deficit in fiscal year 2010, according to a new report from the nonpartisan Tax Foundation. Instead of taxing joint filers with rates ranging from 10 percent to 35 percent, the report found, tax rates would have to start at 27.2 percent and reach up to 95.2 percent. The Tax Foundation backs up its claims with data, charts, maps. The Tax Foundation has monitored fiscal policy at the federal, state and local levels since 1937. http://www.wnd.com/index.php?fa=PAGE.view&pageId=114073 |
October 29th, 2009 | #8 | |
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Quote:
Given that the federal debt has reached the point of no return and repudiation is the only viable option, YT will scream bloody murder at the oil companies when gas is $25/gallon as the dollar gets its ass kicked in the currency markets. Once again the jew will have been able to dupe the average dumb ass into believing that it's corporate greed that's the real problem. |
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October 29th, 2009 | #9 |
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Over-intervention will boil the frog.
This is what "they" don't seem to get. Our culture of compliance is based on consumerism. Even the left is starting to notice that we don't have a culture of resistance any more. Mark Ames of www.exiledonline.com whose articles often appear at www.alternet.com is constantly inciting violence and praising school shooters and workplace shooters, and bashing average Americans for not being more violent. Kunstler as well. It's true. People are not as hard as they used to be, but that's a temporary thing. The old hardness can and will come back All that needs to happen, and I think is happening, is sufficient economic contraction to make people scramble for resources again, to live in survival mode for a while, to lose their complacency. People who are forced to grow their own food and are underemployed have time to think about things and get lean, mean and pissed off. |
December 14th, 2009 | #10 |
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[The worse the economy gets, the more the federal parasites pay themselves.]
The Federal Bureaucracy-Plutocracy By Robert Higgs on Dec 12, 2009 According to an analysis of federal payroll data by USA Today, the federal bureaucracy has flourished during the current recession. Federal employees making salaries of $100,000 or more jumped from 14% to 19% of civil servants during the recession’s first 18 months—and that’s before overtime pay and bonuses are counted. Federal workers are enjoying an extraordinary boom time—in pay and hiring—during a recession that has cost 7.3 million jobs in the private sector. The highest-paid federal employees are doing best of all on salary increases. Defense Department civilian employees earning $150,000 or more increased from 1,868 in December 2007 to 10,100 in June 2009, the most recent figure available. When the recession started, the Transportation Department had only one person earning a salary of $170,000 or more. Eighteen months later, 1,690 employees had salaries above $170,000. The trend to six-figure salaries is occurring throughout the federal government, in agencies big and small, high-tech and low-tech. The primary cause: substantial pay raises and new salary rules. … The growth in six-figure salaries has pushed the average federal worker’s pay to $71,206, compared with $40,331 in the private sector. The report notes that the data analyzed do not include employees of the White House, Congress, the Postal Service, and the intelligence agencies or uniformed members of the armed forces. Adding these employees to the analysis probably would not alter the general outlines of the study’s conclusions. This development would be remarkable at any time, but it seems even more remarkable when it coincides with a more-than-doubling of the unemployment rate, a 4 percent decline in real GDP, and the evaporation of trillions of dollars of private wealth in the markets for corporate shares, other financial securities, and real estate. This development also highlights the division of interests at the heart of classical liberal class analysis: the division between those who gain their income from honest production and trade (which Franz Oppenheimer called the “economic means”) and those who gain their income by plundering the producers (which he called the “political means”). Plutocrats are no longer only the Daddy Warbucks types, wearing diamond stickpins and puffing on oversized cigars (although Hank Paulson clearly illustrates that such types have not disappeared). Now they are also the blank-faced bureaucrats, dozing over their desks in nondescript office buildings. Even Franklin D. Roosevelt made a better showing in this regard, at least at the start of his presidency. Having campaigned against Herbert Hoover’s excessive enlargement of the bureaucracy and his large budget deficits, Roosevelt pushed through the Economy Act of 1933. This statute provided for substantial cuts in federal spending and veterans’ benefits and gave the president authority to eliminate some federal agencies to achieve greater government economy. Subsequent congressional and executive actions overturned most of the act’s provisions, but at least in this regard, Roosevelt’s heart was initially in the right place. Unfortunately, we cannot say the same for Barack Obama’s heart. From his campaign, to the massive “stimulus” bill enacted in February, to the obscene hypertrophy of the federal bureaucrats’ pay, perks, and power during the past two years, we see all too plainly that while those of us who use the economic means to gain our living are struggling, those who use the political means are enjoying tremendous success in their plunder of the productive class, and that this conjunction has been anything but accidental. Members of the plundering class wanted it, and they have brought it about, owing to the threats of violence that serve as the basis for all of their actions under the state’s banners. Thus, the current recession cum financial debacle certainly has been a severe misfortune for you and me, but for the federal bureaucracy, it has been a godsend—complete, we might note, with a messiah to lead the way. http://www.independent.org/blog/?p=4383 |
March 30th, 2010 | #11 | |
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The average kwan is of such low quality that he'd shoot himself if he had any self awareness. -Joe from Ohio |
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March 30th, 2010 | #12 |
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It’s time to stop being Americans. It’s time to start being White Men again. - Gregory Hood |
August 31st, 2012 | #13 |
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The Rich Don't Pay Enough?
by Walter E. Williams If you listen to America's political hacks, mainstream media talking heads and their socialist allies, you can't help but reach the conclusion that the nation's tax burden is borne by the poor and middleclass while the rich get off scot-free. Stephen Moore, senior economics writer for The Wall Street Journal, and I'm proud to say former GMU economics student, wrote "The U.S. Tax System: Who Really Pays?" in the Manhattan Institute's Issue 2012 (8/12). Let's see whether the rich are paying their "fair" share. According to IRS 2007 data, the richest 1 percent of Americans earned 22 percent of national personal income but paid 40 percent of all personal income taxes. The top 5 percent earned 37 percent and paid 61 percent of personal income tax. The top 10 percent earned 48 percent and paid 71 percent of all personal income taxes. The bottom 50 percent earned 12 percent of personal income but paid just 3 percent of income tax revenues. Some argue that these observations are misleading because there are other federal taxes the bottom 50 percenters pay such as Social Security and excise taxes. Moore presents data from the Tax Policy Center, run by the liberal Urban Institute and the Brookings Institution, that takes into account payroll and income taxes paid by different income groups. Because of the earned income tax credit, most of America's poor pay little or nothing. What the Tax Policy Center calls working class pay 3 percent of all federal taxes, middle class 11 percent, upper middle class 19 percent and wealthy 67 percent. President Obama and the Democratic Party harp about tax fairness. Here's my fairness question to you: What standard of fairness dictates that the top 10 percent of income earners pay 71 percent of the federal income tax burden while 47 percent of Americans pay absolutely nothing? President Obama and his political allies are fully aware of IRS data that shows who pays what. Their tax demagoguery knowingly exploits American ignorance about taxes. A complicit news media is only happy to assist. We might ask ourselves what's to be said about the decency of people who knowingly mislead the public about taxes. Of course, I might be all wrong, and true tax fairness dictates that the top 10 percent pay all federal income taxes. Aside from the fairness issue, 47 percent of taxpayers having no federal income tax liability is dangerous for our nation. These people become natural constituents for big-spending, budget-wrecking, debt-creating politicians. After all, if you have no income tax liability, what do you care about either raising or lowering taxes? That might explain why the so-called Bush tax cuts were not more popular. If you're not paying income taxes, why should you be happy about an income tax cut? Instead, you might view tax cuts as a threat to various handout programs that nearly 50 percent of Americans enjoy. Tax demagoguery is useful for politicians who prey on the politics of envy to get re-elected, but is it good for Americans? We're witnessing the disastrous effects of massive spending in Greece, Italy, Ireland, Portugal and other European countries where a greater number of people live off of government welfare programs than pay taxes. Government debt in Greece is 160 percent of gross domestic product, 120 percent in Italy, 104 in Ireland and 106 in Portugal. Here's the question for us: Is the U.S. moving toward or away from the troubled EU nations? It turns out that our national debt to GDP ratio in the 1970s was 35 percent; now it's 106 percent of GDP. If you think we're immune from the economic chaos in some of the EU countries, you're whistling Dixie. And when economic chaos comes, whom do you think will be more affected by it: rich people or poor people? August 31, 2012 Walter E. Williams is the John M. Olin distinguished professor of economics at George Mason University, and a nationally syndicated columnist. To find out more about Walter E. Williams and read features by other Creators Syndicate columnists and cartoonists, visit the Creators Syndicate web page. http://lewrockwell.com/williams-w/w-williams139.html |
February 15th, 2013 | #14 |
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inheritance tax is bad idea
http://lewrockwell.com/north/north1262.html |
February 21st, 2013 | #15 |
Junior Member
Join Date: Feb 2013
Posts: 3
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Look at it this way: As of June 2009, 155 million people were laboring in the shrinking private sector of what remains of the American economy, with a per capita income of $39,751, or a per household income of $50,740. That 155 million worker figure is a bit misleading however, since only 20 million are actually working at construction or manufacturing. How many workers are selling stuff made in China? How many are accountants, trying to keep up with the latest tax codes? If we don't make what we use and sell, and spend untold billions of hours doing paperwork for the IRS, Medicare, or Medicaid, are those hours really productive? Is it really 'productive,' to sell foreign made items? I know, the store makes a profit and pays sales people a salary, but is it really good for America, not to make what it uses and sells?
Does it really have a choice when markets are already global? That would be a question worth pondering. It can do either one of the following: cut off ties with global trade, make trade local again; or lift all restriction on immigration and salary minimum, make Americans work in sweatshops on par with the Chinese - then the jobs will come back - and don't forget to completely cut all healthcare, pension funds, safety nets, etc. while at that. I think, America is extremely lucky in a way, because despite producing basically nothing - even those who work in the private sector, are mostly working for the government which subcontracts private entities to spur employment, a lot of those jobs wouldn't even exist were it not for the government - they get to keep more jobs in the tertiary sector of economics (services), than the whole of European Union or the rest of the world, excluding European Union. Imagine that, people are doing basically nothing of use to the world, just serving as a global capital for trasnational corps - if London was Airstrip One, the US are basically HQ Number One - and get to enjoy one of the highest QoL levels on Earth, ever, with the Chinese producing pretty much all manufactured goods imaginable for them, Indians and Turks - clothes, Taiwan - electronics. Sounds like a sweet deal. |
October 16th, 2009 | #16 |
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Federal Deficit Soars to a Record $1.4 Trillion
By Lori Montgomery and Neil Irwin Washington Post Staff Writers Friday, October 16, 2009; 7:44 PM The federal budget deficit soared to a record $1.4 trillion in the fiscal year that ended in September, a chasm of red ink unequaled in the post-war era that threatens to complicate the most ambitious goals of the Obama administration, including plans for fresh spending to create jobs and spur economic recovery. http://www.washingtonpost.com/wp-dyn...l?hpid=topnews |
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