Taxes

Taxes

Groups Targeted by I.R.S. Tested Rules on Politics

New York Times
Groups Targeted by I.R.S. Tested Rules on Politics
By NICHOLAS CONFESSORE and MICHAEL LUO
Published: May 26, 2013
http://www.nytimes.com/2013/05/27/us/politics/nonprofit-applicants-chafi...

IRS SHOULD BE A THING OF THE PAST

If we had members of Congress who had some backbone, they would take a vote tomorrow to abolish the IRS. With the recent revelations indicating that the IRS singled out organizations for harsh treatment based upon their beliefs, it should be the final straw for this inept organization.

Along with the demise of the IRS should come the end of the federal income tax. It should be replaced with a sales tax that can be collected by the States and forwarded to the federal government. Although many would lobby for a "fair" or "flat" tax, those would still require a federal entity to oversee the collection of those taxes.

Doing away with the IRS and the federal income tax would result in:

1. No more political shenanigans about what percentage a candidate paid in income tax. Spin doctors use this number to appeal for votes from the intellectually challenged who are suckered into believing that how much a rich person pays in income tax actually affects them personally.

2. Americans not having to pay someone to complete their tax forms in order to determine how much they owe to the government. Also, we wouldn't have to waste our time keeping pieces of paper in anticipation of the dreaded IRS audit.

3. The elimination of the ability of unscrupulous politicians (redundancy noted) to hold the "We're going to need to raise the income tax rate" card over our heads. Taking power away from politicians is always a good thing.

The U.S. Continues to Be One of the Least Taxed of the Developed Countries

The U.S. Continues to Be One of the Least Taxed of the Developed Countries
http://ctj.org/ctjreports/2013/04/the_us_continues_to_be_one_of_the_leas...
Quote from article:
The U.S. was the third least taxed country in the Organization for Economic Cooperation and Development (OECD) in 2010, the most recent year for which OECD has complete data.

Walmart: Everyday Low Wages!

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Go after the entitlements Mr. President! Walmart's six family aires own more wealth than the bottom 40% of America. Walmart is the largest receipt of government welfare. Walmart's everyday low wages cost U.S. taxpayers $2.6 billion annually in government social services for its poverty employees. Walmart, biggest corporate welfare queen in America.

NEW UT PROVOST WAS INVOLVED IN SCANDAL AT DEPAUL UNIVERSITY

The University of Toledo has announced that Scott Scarborough will become the new provost. As taxpayers whose money is used to support UT, you might be interested in knowing that in 2007, Scarborough was suspended from his position as executive vice president of DePaul University in Chicago, for reasons that were never made public by the private institution. A DePaul spokesman stated that Scarborough's suspension was "something we investigated thoroughly." Scarborough subsequently resigned from DePaul. The cause of the suspension must have been serious because he was not given any severance pay (which typically would have been given to a high-ranking university official).

Apparently, UT's President Lloyd Jacobs believes that another university's suspended employee is good enough to hold the highest academic position at his institution. With decision-making prowess like this, is it any wonder that UT is projected to have a significant decrease in enrollment this fall (rumored to be between 4-8 percent).

Here's a hint that Jacobs might want to follow in the future when hiring a provost--do a simple search at Ratemyprofessors.com to see if the candidate has a successful teaching record (afterall, he will be making tenure and promotion recommendations for faculty). Scarborough's student evaluations are atrocious with comments like "This professor was awful," "The worst professor and class I have encountered," and "The professor is drop dead lazy." Not the ideal person to oversee the academic activities of a university.

You Didn't Build That Yourself

Let's take Obama out of the equation, shall we?

Any good business person knows that infrastructure plays an important part in their
individual success. I know you've all heard the term "location, location, location". We
have a new casino in Toledo and look where it sits, right on I75, the main artery into
Toledo from the south. That didn't happen by accident. The company that built the casino, chose the location because they want to succeed. The site has the right infrastructure for success.

Corporate Welfare

Corporate Welfare

When it comes to eliminating the United States' deficit through reductions in government expenditures, an excellent starting point would be corporate tax subsidies--which actually are a form of welfare.

To understand just one piece of the puzzle of corporate welfare, an excellent starting point would be the many records compiled by various government agencies and public organizations. These records are factual data bases that reveal the overall truth about corporate welfare.

Taxpayer Dollars "At Work"

Don't let people tell you that Obama doesn't know how to create jobs. As an example, Obama distributed $9 billion in taxpayer dollars to fund solar and wind projects that created 910 "direct" jobs.

Now those anti-Obama slugs might say, "Wow, that's $9.8 million per job created." Well, you teabagging losers--that's not counting the 4,600 "indirect" jobs that were created. Let's see: 910 + 4600 = 5,510 divided into $9 billion--that's only $1.63 million per job. See--if Obama had an additional $100 million he could create another 61 jobs!

How do we balance our federal budget? Cut out waste and fraud in the military.

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$500 Billion a year in Military overspending.

Stikii Helps”Stomp” Out Shoe Tax - (Reduce Imported Footwear's 37% duty)

http://blog.stikii.com/2012/05/stikii-helpsstomp-out-shoe-tax/

Have you ever wondered why a pair of shoes that seems to cost the manufacturer so little to produce, costs YOU, the consumer, so much to purchase? There are various “hidden” costs placed on shoes sold in the United States, for example:

A pair of shoes costs a footwear producer $20.00 to manufacture at their plant.

There are $7.40 in duties/tariffs/taxes placed on the product BEFORE it even comes to a U.S. shelf~

NO MORE AMERICAN TAXPAYER BAILOUT DOLLARS FOR EUROPE

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Time for our taxpayer dollars to start bailing out our own COUNTRY --- not "homeland" --- COUNTRY - the United States of America.

http://www.rasmussenreports.com/public_content/business/general_business...

Secretary of defense spends hundreds of thousands of taxpayers' dollars to "get his mind straight"

I don't know why I continue to be surprised how a federal government--that is led by a Socialist President--is spending taxpayers' money like it's their own private "stash," but now Secretary of Defense, Leon Panetta, admits that he spends $32,000 for each roundtrip weekend visit to his home in California. Panetta flys on an Air Force plane and the 27 trips home that he's taken in his 8 months in office have cost taxpayers a total of $860,000. Panetta says these trips home are important "just to get your mind straight and your perspective straight."

Panetta says he regrets the expenditures, but "A taxpayer would have to pick up those costs with any secretary of state or secretary of defense." Geez, I feel better now.

Stikii: A Perfect Fit – Every Time!

http://blog.stikii.com/2012/04/a-perfect-fit-every-time/

Hello friends and fans! Are you interested in learning a bit about Stikii’s latest and greatest innovation? We’re pretty sure you are. One of the many new things that we have developed to make our customers shoe-wearing experience more enjoyable is the creation of the “Stikii Size Chart”. The piece is fun, vibrantly colored and serves a very practical and useful purpose!

Obama is a 1 percenter paying a lower tax rate than most of the 99 percenters

Barack and Michelle Obama's 2011 tax forms have been made public and they reveal some interesting items. First, they have income of almost $790,000, but their effective tax rate was slightly over 20 percent. Many of us would love to pay that rate! I suppose Obama is trying to amplify the "rich don't pay their fair share" malarkey. Wouldn't they set a great example by saying "We want to pay our 'fair share' so we are foregoing itemized deductions"? But that doesn't fit with "the rules don't apply to liberal, ivy league-educated elites."

Another interesting item involves the purchase and sale of U.S. Treasury securities.

If the Stikii shoes fit, your child might just become famous!

Is your kid special, does he or she like performing, modeling, singing or acting? Does your child like to be on camera or take pictures? Is your little one-not-so-little? Are they outgoing, easy to get along with, a natural leader? If they are NONE of those things, are they just plain CUTE AND ADORABLE? Would they like free Stikii shoes?

If you answered yes to any of these questions, you may want to get your children involved with the Stikii Kids Club contest.

Corporations pay 12.1% tax rate

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From the WSJ:

"U.S. companies are booking higher profits than ever. But the number crunchers in Washington are puzzling over a phenomenon that has just come into view: Corporate tax receipts as a share of profits are at their lowest level in at least 40 years.

Total corporate federal taxes paid fell to 12.1% of profits earned from activities within the U.S. in fiscal 2011, which ended Sept. 30, according to the Congressional Budget Office. That's the lowest level since at least 1972. And well below the 25.6% companies paid on average from 1987 to 2008."

The UT Controversy You Haven't Heard About

At this time of year, most of us dread having to gather the materials together to prepare and submit our tax returns. Key to this process is receiving a W-2 from your employer—typically a simple step. Unfortunately, this has not been the case at The University of Toledo.

UT employees received their W-2s at the end of January; but in February, employees began receiving emails informing them that they had been given inaccurate W-2s and that corrected forms would soon be distributed. UT’s administration said that the issue was related to the imputed income from the employee group life insurance and initial reports said that it only affected faculty. It seemed like David Dabney, UT’s vice president of finance, had a handle on the situation; but then things took a turn for the worse that leaves one wondering how Toledo’s second largest employer could be filled with such ineptitude.

Obama Supporters Looking for Their "Obama Bucks"

A growing number of us can't help but wonder--what person who has even the slightest clue of what's going on in this Country could still support Obama. A video has been made that highlights some of the fine individuals who love Obama because he "gives them stuff." Well, to be exact, the taxpayers are paying for these able-bodied men who are busy making babies (one of whom admits he has 5 children by 4 different "baby mommas") to sit around and do nothing.

Marcy Kaptur Late on Her Ohio Real Estate Taxes--9 Times!

It seems it's been tough for Marcy Kaptur to keep up with her taxes on her cute little house in Toledo that she's lived in her "entire life"--thank god, she's been able to pay the taxes on her half-a-million condo in Washington! How can we expect Kaptur to follow the same rules as us little people!

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