Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature currently requires accessing the site using the built-in Safari browser.
We have a debt of three trillion for a war based on lies. We have a huge deficit because of a tax cut during that war. We had people with blinders on in the White House as the nation slid onto the precipice of another great depression.
The logical thing, at this point, is to get the economy on the move again, then pay the debt. Yes, that will require a raise in taxes, on all of us. There is no other way for the government to get the money to pay the debt. When I was born, the top end tax rate was 99%. It would seem to me that in a nation that requires it's military people to fight and die in overseas wars that are unneccessary, we could all sacrifice a bit for the support of those people. However, all too many, especially the flag wavers on this board, think that support means tying a yellow ribbon around the nearest tree, and then avoiding paying anything at all in taxes.
We can all count on old rocks in my head
We have a debt of three trillion for a war based on lies. We have a huge deficit because of a tax cut during that war. We had people with blinders on in the White House as the nation slid onto the precipice of another great depression.
The logical thing, at this point, is to get the economy on the move again, then pay the debt. Yes, that will require a raise in taxes, on all of us. There is no other way for the government to get the money to pay the debt. When I was born, the top end tax rate was 99%. It would seem to me that in a nation that requires it's military people to fight and die in overseas wars that are unnecessary, we could all sacrifice a bit for the support of those people. However, all too many, especially the flag wavers on this board, think that support means tying a yellow ribbon around the nearest tree, and then avoiding paying anything at all in taxes.
_____________________________________________"Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes," Obama told a crowd in Dover, N.H., last year.
But less than a month after taking office, Obama signed an expansion of child healthcare financed by 62-cent tax increase on each pack of cigarettes.
The floated proposals include increasing taxes on alcohol, which could raise $62 billion during the next decade, and a new tax on sugary drinks such as soda, which could raise $52 billion.
While not directly increasing taxes, a House-passed version of Obama's plan to reduce greenhouse gases blamed for causing global warming would similarly increase American families' home energy bills by $175 a year on average, according to the Congressional Budget Office.
One version would tax health benefits that exceed the value of the basic insurance plan offered to federal workers, raising about $420 billion during the next decade, according to the nonpartisan Joint Committee on Taxation. But limiting it to individuals making more than $100,000 a year and couples making more than $200,000 would raise only $162 billion.
The math illustrates how difficult it is to raise enough money to pay for expensive programs, when tax increases are limited to the wealthy.
Newsmax.com - Obama's Broken Promises: Higher Taxes, Massive Debt
_____________________________________________"Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes," Obama told a crowd in Dover, N.H., last year.
But less than a month after taking office, Obama signed an expansion of child healthcare financed by 62-cent tax increase on each pack of cigarettes.
The floated proposals include increasing taxes on alcohol, which could raise $62 billion during the next decade, and a new tax on sugary drinks such as soda, which could raise $52 billion.
While not directly increasing taxes, a House-passed version of Obama's plan to reduce greenhouse gases blamed for causing global warming would similarly increase American families' home energy bills by $175 a year on average, according to the Congressional Budget Office.
One version would tax health benefits that exceed the value of the basic insurance plan offered to federal workers, raising about $420 billion during the next decade, according to the nonpartisan Joint Committee on Taxation. But limiting it to individuals making more than $100,000 a year and couples making more than $200,000 would raise only $162 billion.
The math illustrates how difficult it is to raise enough money to pay for expensive programs, when tax increases are limited to the wealthy.
Newsmax.com - Obama's Broken Promises: Higher Taxes, Massive Debt
Reality bites, sir.
Last year New Jersey became the first state to see an actual reduction in cigarette tax revenues in the same year the tax rate increased.
In fiscal year 2007, the year the tax rate was increased, the cigarette tax raised $22 million less than the previous year. Conventional wisdom was proven wrong: A tax increase doesnt result inevitably in a revenue gain.
New Jersey Cigarette Tax Hike Reduces Revenues Again - by Gregg M. Edwards - Budget & Tax News
While there are many who believe that higher taxes means less smokers which is a good thing, it is foolish to present it as a revenue generator.
Last year New Jersey became the first state to see an actual reduction in cigarette tax revenues in the same year the tax rate increased.
In fiscal year 2007, the year the tax rate was increased, the cigarette tax raised $22 million less than the previous year. Conventional wisdom was proven wrong: A tax increase doesn’t result inevitably in a revenue gain.
New Jersey Cigarette Tax Hike Reduces Revenues Again - by Gregg M. Edwards - Budget & Tax News
While there are many who believe that higher taxes means less smokers which is a good thing, it is foolish to present it as a revenue generator.
Last year New Jersey became the first state to see an actual reduction in cigarette tax revenues in the same year the tax rate increased.
In fiscal year 2007, the year the tax rate was increased, the cigarette tax raised $22 million less than the previous year. Conventional wisdom was proven wrong: A tax increase doesnt result inevitably in a revenue gain.
New Jersey Cigarette Tax Hike Reduces Revenues Again - by Gregg M. Edwards - Budget & Tax News
You are right when you say that we are in debt for a war based on lies. Did you know that we had Cash on a pallet sent over there and somehow.. it just disappeared?
Jamie
Whats sick about it...is that every time he has the federal reserve print off more cash.. the value of the dollar goes down so not only are we going to pay more in taxes, but prices of everything will go up because the value of the dollar is going down down down.
Jamie
While there are many who believe that higher taxes means less smokers which is a good thing, it is foolish to present it as a revenue generator.
Last year New Jersey became the first state to see an actual reduction in cigarette tax revenues in the same year the tax rate increased.
In fiscal year 2007, the year the tax rate was increased, the cigarette tax raised $22 million less than the previous year. Conventional wisdom was proven wrong: A tax increase doesnt result inevitably in a revenue gain.
New Jersey Cigarette Tax Hike Reduces Revenues Again - by Gregg M. Edwards - Budget & Tax News
Those are some interesting statistics, chanel. I wonder what it would look like over a 10 year period.
Jamie
When I was born, the top end tax rate was 99%.
