Showing posts with label taxes. Show all posts
Showing posts with label taxes. Show all posts

Sunday, September 16, 2012

No enforcement of the law?

More evidence that this administration seems to think itself above the law.
“We will not use levies, liens or criminal prosecutions if taxpayers have unpaid amounts related to the individual-coverage provision,” Steven Miller, an IRS deputy commissioner, said Tuesday at a House Ways and Means subcommittee hearing. “There will not be revenue agents involved in this. These will not be audits.”
Read more: at FoxNews.com

Not only do they decide what aspects of immigration law they will enforce.
Not only do they pick and choose whether to uphold duly passed laws regarding welfare and work requirements.

But now they are deciding that the funding mechanism for their own signature legislation will not really be enforced.

Wednesday, December 28, 2011

Another nonsensical political act

The national news cycle was somehow dominated by Congress' negotiations over the payroll tax. This was a meaningless action, implemented for a meaningless period of time. And yet, politicians spent hours in front of the cameras discussing and defending their positions and plans. Could it be worse? Certainly. But isn't there enough noise already? Do we have to add even more political clutter to an already incomprehensible cacophony of posturing?

Sunday, May 1, 2011

Our tax system is depraved

Isn't the purpose of taxes to raise revenues?

If that is the purpose of taxation, then why are their special taxes that penalize certain behaviors and reward others? Here are just a few sickening examples:

  • Why do we deduct health insurance premiums from taxable income when they are paid via a payroll contribution, but not when they are paid out of personal funds?
  • Why is the interest on a primary residence tax-deductible, but not the interest on a car
  • Why do we subsidize inefficient forms of refined petroleum, and put higher levies on the efficient forms?
  • Why are the people who produce the most wealth for our nation penalized with higher tax rates, while those who produce less wealth subsidized with lower tax rates?

Our federal government spends the vast bulk of its energy and resources transferring wealth from our most productive citizens to our least productive citizens. We have completely perverted our sense of fairness and equity.

Monday, April 25, 2011

Liberalism attacks the poor: Radical Environmentalism

One of the most amazing contradictions of modern politics is the claim that liberal policies intend to help the poor and underprivileged. I'll return to this theme often. Today, we'll examine the cruelty of the radical environmentalist agenda.

This chart (please click to enlarge> gives us a crystal-clear view of the dramatic rise in gas prices since 2004 ... when the democrat party took over Congress and began pushing a far-left economic agenda ... and again since 2008, when that agenda began to be implemented by the current presidential administration.

Radical environmentalists believe this is a good thing. They believe that this will force the economy into reduced dependence on fossil fuels.

But who is most impacted by the price of gasoline? It is the working class. They have to pay for gasoline ... and this increase means that a far greater proportion of their income is going to be spent on just getting to work. And that means that less of their income is available for food for their family, for clothing for their family, and for charitable contributions to those that could use the help.

The rise in gasoline prices ... which can be tied directly to regulatory changes made in the past two years ... is a cruel tax on the poor.

Source of the chart: Gasoline Price History