Modbert
Daydream Believer
- Sep 2, 2008
- 33,178
- 3,055
- 48
Nonsense such as this which drives up their cost of doing business just Makes Things Worse.
I agree.
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Nonsense such as this which drives up their cost of doing business just Makes Things Worse.
Then the zombified wonders why companies outsource or relocate overseas. No wonder unemployment is up to 9%!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
.
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He specifically mentioned small businesses. Companies that can afford to outsource or relocate overseas aren't what most people would call small businesses.
Corporations outsource overseas because labor is cheaper, little to no regulation, and in many cases they can avoid paying what little taxes they would have to if they were located in the U.S.
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There's a reason why job creation is so poor: small businesses aren't hiring.
Nonsense such as this which drives up their cost of doing business just Makes Things Worse.
no there are other program which will do payroll, accounting, spreadsheats with all pertinent info etc. Why do book entries, that is so old fashioned. Do you still imprint checks on a hand printer?
Have you ever had to prepare financial statements and schedules for an audit?
I doubt it.
I think we should cut Congressional salaries by 50%. That'd be a great start.
Why not just call it, 'We're taking your money now, so just suck it and file for welfare" act?Congress is considering a bill which will cause much joy among the Barking Moonbats, but just might be the Boiling Over Point for the rest of the frogs in the saucepan:
On July 6th, just two days ago, at least a dozen busybody Congressmen sponsored the introduction of HR 2411, the “Reduce America’s Debt Now Act of 2011.” They always come up with fantastic names for these pieces of legislation… and rest assured, the better/more patriotic the name, the more ominous the bill. This one follows the pattern.
HR 2411 states that every worker in America should be able to voluntarily have a portion of his/her wages automatically withheld and sent directly to the Treasury Department for the purposes of paying down the federal debt.
“Every employer making payment of wages shall deduct and withhold upon such wages any amounts so elected, and shall pay such amounts over to the Secretary of the Treasury…”
That’s right. Uncle Sam is so broke that he wants to give all the good little Americans out there the opportunity to contribute an even greater portion of their paychecks to finance government largess.
Desperate? Hmmm…. Don’t worry, it gets better.
Obviously, if an employee feels so compelled and should elect to have a portion of his/her paycheck withheld, the onus of responsibility is now on the employer to make it happen. The employer has to do all the paperwork, withhold the money, send the payment to the Treasury, maintain the account records, and probably submit to all kinds of new filing requirements.
You can imagine that, if passed, the bill will result in a host of new IRS regulations, complete with a battery of penalties for employers who don’t fill out the paperwork properly, submit filings on time, or make some administrative mistake.
Think about it: if a small business owner has one single employee who is dumb enough to think that it’s his patriotic duty to pay down the debt and decides to contribute $1/month, that owner will have the responsibility for all kinds of new forms and filings, plus submit to new ‘debt reduction audits.’
But don’t worry, it gets even better...
(snip)
HR 2411 stipulates that any contribution made to the Treasury in order to pay down the federal debt IS NOT TAX DEDUCTIBLE....
Guest Post: Boiling Frog Alert: Congress Wants Automatic Wage Deductions To Pay Down The Debt | zero hedge
Congress is considering a bill which will cause much joy among the Barking Moonbats, but just might be the Boiling Over Point for the rest of the frogs in the saucepan:
On July 6th, just two days ago, at least a dozen busybody Congressmen sponsored the introduction of HR 2411, the Reduce Americas Debt Now Act of 2011. They always come up with fantastic names for these pieces of legislation and rest assured, the better/more patriotic the name, the more ominous the bill. This one follows the pattern.
HR 2411 states that every worker in America should be able to voluntarily have a portion of his/her wages automatically withheld and sent directly to the Treasury Department for the purposes of paying down the federal debt.
Every employer making payment of wages shall deduct and withhold upon such wages any amounts so elected, and shall pay such amounts over to the Secretary of the Treasury
Thats right. Uncle Sam is so broke that he wants to give all the good little Americans out there the opportunity to contribute an even greater portion of their paychecks to finance government largess.
Desperate? Hmmm . Dont worry, it gets better.
Obviously, if an employee feels so compelled and should elect to have a portion of his/her paycheck withheld, the onus of responsibility is now on the employer to make it happen. The employer has to do all the paperwork, withhold the money, send the payment to the Treasury, maintain the account records, and probably submit to all kinds of new filing requirements.
You can imagine that, if passed, the bill will result in a host of new IRS regulations, complete with a battery of penalties for employers who dont fill out the paperwork properly, submit filings on time, or make some administrative mistake.
Think about it: if a small business owner has one single employee who is dumb enough to think that its his patriotic duty to pay down the debt and decides to contribute $1/month, that owner will have the responsibility for all kinds of new forms and filings, plus submit to new debt reduction audits.
But dont worry, it gets even better...
(snip)
HR 2411 stipulates that any contribution made to the Treasury in order to pay down the federal debt IS NOT TAX DEDUCTIBLE....
Guest Post: Boiling Frog Alert: Congress Wants Automatic Wage Deductions To Pay Down The Debt | zero hedge
Congress is considering a bill which will cause much joy among the Barking Moonbats, but just might be the Boiling Over Point for the rest of the frogs in the saucepan:
On July 6th, just two days ago, at least a dozen busybody Congressmen sponsored the introduction of HR 2411, the Reduce Americas Debt Now Act of 2011. They always come up with fantastic names for these pieces of legislation and rest assured, the better/more patriotic the name, the more ominous the bill. This one follows the pattern.
HR 2411 states that every worker in America should be able to voluntarily have a portion of his/her wages automatically withheld and sent directly to the Treasury Department for the purposes of paying down the federal debt.
Every employer making payment of wages shall deduct and withhold upon such wages any amounts so elected, and shall pay such amounts over to the Secretary of the Treasury
Thats right. Uncle Sam is so broke that he wants to give all the good little Americans out there the opportunity to contribute an even greater portion of their paychecks to finance government largess.
Desperate? Hmmm . Dont worry, it gets better.
Obviously, if an employee feels so compelled and should elect to have a portion of his/her paycheck withheld, the onus of responsibility is now on the employer to make it happen. The employer has to do all the paperwork, withhold the money, send the payment to the Treasury, maintain the account records, and probably submit to all kinds of new filing requirements.
You can imagine that, if passed, the bill will result in a host of new IRS regulations, complete with a battery of penalties for employers who dont fill out the paperwork properly, submit filings on time, or make some administrative mistake.
Think about it: if a small business owner has one single employee who is dumb enough to think that its his patriotic duty to pay down the debt and decides to contribute $1/month, that owner will have the responsibility for all kinds of new forms and filings, plus submit to new debt reduction audits.
But dont worry, it gets even better...
(snip)
HR 2411 stipulates that any contribution made to the Treasury in order to pay down the federal debt IS NOT TAX DEDUCTIBLE....
Guest Post: Boiling Frog Alert: Congress Wants Automatic Wage Deductions To Pay Down The Debt | zero hedge
Leave it up to rw kooks to sponsor such a bill.
Indeed. It's stupid to make a new law when there's already a means in place.Yes I noticed it was a republican bill but it really does no harm to anyone that I can see.
Its voluntary.
I think maybe they were hoping to get the little guy to help pay for the tax cutsz of the wealthy but as long as its voluntary I dont mind that.
Maybe the tea party will put some of their money where thier mouth is.
It's moronic because it's not tax deductible.
It's moronic because employers are forced to implement it...which makes it compulsory, not a voluntary effort.
Any person who wishes to may send a check to the government currently without this program.
I just dont get why this is so bad.
Congress is considering a bill which will cause much joy among the Barking Moonbats, but just might be the Boiling Over Point for the rest of the frogs in the saucepan:
On July 6th, just two days ago, at least a dozen busybody Congressmen sponsored the introduction of HR 2411, the Reduce Americas Debt Now Act of 2011. They always come up with fantastic names for these pieces of legislation and rest assured, the better/more patriotic the name, the more ominous the bill. This one follows the pattern.
HR 2411 states that every worker in America should be able to voluntarily have a portion of his/her wages automatically withheld and sent directly to the Treasury Department for the purposes of paying down the federal debt.
Every employer making payment of wages shall deduct and withhold upon such wages any amounts so elected, and shall pay such amounts over to the Secretary of the Treasury
Thats right. Uncle Sam is so broke that he wants to give all the good little Americans out there the opportunity to contribute an even greater portion of their paychecks to finance government largess.
Desperate? Hmmm . Dont worry, it gets better.
Obviously, if an employee feels so compelled and should elect to have a portion of his/her paycheck withheld, the onus of responsibility is now on the employer to make it happen. The employer has to do all the paperwork, withhold the money, send the payment to the Treasury, maintain the account records, and probably submit to all kinds of new filing requirements.
You can imagine that, if passed, the bill will result in a host of new IRS regulations, complete with a battery of penalties for employers who dont fill out the paperwork properly, submit filings on time, or make some administrative mistake.
Think about it: if a small business owner has one single employee who is dumb enough to think that its his patriotic duty to pay down the debt and decides to contribute $1/month, that owner will have the responsibility for all kinds of new forms and filings, plus submit to new debt reduction audits.
But dont worry, it gets even better...
(snip)
HR 2411 stipulates that any contribution made to the Treasury in order to pay down the federal debt IS NOT TAX DEDUCTIBLE....
Guest Post: Boiling Frog Alert: Congress Wants Automatic Wage Deductions To Pay Down The Debt | zero hedge
It's nothin new. FDR's ministry of propaganda created "bond drives" to finance WW2.
I just dont get why this is so bad.
Because bottom line it meas we pissed away a trillion dollars on a failed stimulus package and have no more water in the well to dip in to.
Indeed. It's stupid to make a new law when there's already a means in place.It's moronic because it's not tax deductible.
It's moronic because employers are forced to implement it...which makes it compulsory, not a voluntary effort.
Any person who wishes to may send a check to the government currently without this program.
How do you make a contribution to reduce the debt?The idiots who introduced this bill should have done 2 minutes of research first.
There are two ways for you to make a contribution to reduce the debt:
You can make a contribution online either by credit card, checking or savings account at Pay.gov
You can write a check payable to the Bureau of the Public Debt, and in the memo section, notate that it's a Gift to reduce the Debt Held by the Public. Mail your check to:
Attn Dept G
Bureau of the Public Debt
P. O. Box 2188
Parkersburg, WV 26106-2188
Indeed. It's stupid to make a new law when there's already a means in place.It's moronic because employers are forced to implement it...which makes it compulsory, not a voluntary effort.
Any person who wishes to may send a check to the government currently without this program.
How do you make a contribution to reduce the debt?The idiots who introduced this bill should have done 2 minutes of research first.
There are two ways for you to make a contribution to reduce the debt:
You can make a contribution online either by credit card, checking or savings account at Pay.gov
You can write a check payable to the Bureau of the Public Debt, and in the memo section, notate that it's a Gift to reduce the Debt Held by the Public. Mail your check to:
Attn Dept G
Bureau of the Public Debt
P. O. Box 2188
Parkersburg, WV 26106-2188
Did you find anything which shows how much Bill Gates and Warren Buffet have donated?
Or to move their wealth out of range of these tyrants.Indeed. It's stupid to make a new law when there's already a means in place.
How do you make a contribution to reduce the debt?The idiots who introduced this bill should have done 2 minutes of research first.
There are two ways for you to make a contribution to reduce the debt:
You can make a contribution online either by credit card, checking or savings account at Pay.gov
You can write a check payable to the Bureau of the Public Debt, and in the memo section, notate that it's a Gift to reduce the Debt Held by the Public. Mail your check to:
Attn Dept G
Bureau of the Public Debt
P. O. Box 2188
Parkersburg, WV 26106-2188
Did you find anything which shows how much Bill Gates and Warren Buffet have donated?
To the debt? Nothing.
Apparently, they're not smart enough to use Google, like I did.
Warren Buffet, billionaire, thinks his taxes should go up, but he does not voluntarily send more money to the government to pay down the debt.Or to move their wealth out of range of these tyrants.Did you find anything which shows how much Bill Gates and Warren Buffet have donated?
To the debt? Nothing.
Apparently, they're not smart enough to use Google, like I did.