Category Archives: Taxes

SCOTUS says ObamaCare is a TAX

http://www.youtube.com/watch?v=56c1fSdTAWI

September 12, 2008: Candidate Obama makes a “firm pledge” not to raise taxes OF ANY KIND on ANYONE making less than $250,00 a year.

July 13, 2009: President Obama makes a “promise” that Americans $250,000 a year or less will not see any new taxes.

June 28, 2012: Supreme Court Declares Obamacare Constitutional as a Tax

Summary of The Heritage Foundation opinion on the Obamacare SCOTUS decision

Today’s Supreme Court decision on Obamacare has two significant constitutional silver linings, because the Court put some temporary brakes on our republic’s descent down an extra-constitutional slippery slope in which the federal government can control any aspect of our lives.

1) Five justices opined that the mandate, standing alone, cannot be justified under the Commerce Clause or the Necessary and Proper Clause. This is a serious blow to 90 percent of the legal academics and about 90 percent of Congress, since these have been the clauses used to justify so much of the modern administrative state.

2) Seven justices seemed to agree that some constitutional limitations were breached in the Medicaid expansion. This itself is a landmark ruling.

The American people and their elected representatives have a lot of work to do to repeal and replace the Obamacare statute. One political reality of today’s decision is that the Court essentially reads Obamacare as a massive tax increase, which falls most heavily on the middle class. Didn’t someone promise not to do that?

Read the rest @ http://blog.heritage.org/2012/06/28/obamacare-silver-linings-a-limited-victory-for-limited-government/

Full text of SCOTUS decision on ObamaCare

http://www.washingtonpost.com/wp-srv/politics/documents/supreme-court-health-care-decision-text.html

Summary of RedState opinion on ObamaCare SCOTUS decision

As you have no doubt heard by now, the Supreme Court largely upheld Obamacare with Chief Justice John Roberts writing the majority 5 to 4 decision.  Even Justice Kennedy called for the whole law to be thrown out, but John Roberts saved it.

Having gone through the opinion, I am not going to beat up on John Roberts. I am disappointed, but I want to make a few points. John Roberts is playing at a different game than the rest of us. We’re on poker. He’s on chess.

First, I get the strong sense from a few anecdotal stories about Roberts over the past few months and the way he has written this opinion that he very, very much was concerned about keeping the Supreme Court above the partisan fray and damaging the reputation of the Court long term. It seems to me the left was smart to make a full frontal assault on the Court as it persuaded Roberts.

Second, in writing his opinion, Roberts forces everyone to deal with the issue as a political, not a legal issue. In the past twenty years, Republicans have punted a number of issues to the Supreme Court asking the Court to save us from ourselves. They can’t do that with Roberts. They tried with McCain-Feingold, which was originally upheld. This case is a timely reminder to the GOP that five votes are not a sure thing.

Third, while Roberts has expanded the taxation power, which I don’t really think is a massive expansion from what it was, Roberts has curtailed the commerce clause as an avenue for Congressional overreach. In so doing, he has affirmed the Democrats are massive taxers. In fact, I would argue that this may prevent future mandates in that no one is going to go around campaigning on new massive tax increases. On the upside, I guess we can tax the hell out of abortion now. Likewise, in a 7 to 2 decision, the Court shows a strong majority still recognize the concept of federalism and the restrains of Congress in forcing states to adhere to the whims of the federal government.

Fourth, in forcing us to deal with this politically, the Democrats are going to have a hard time running to November claiming the American people need to vote for them to preserve Obamacare. It remains deeply, deeply unpopular with the American people. If they want to make a vote for them a vote for keeping a massive tax increase, let them try.

Fifth, the decision totally removes a growing left-wing talking point that suddenly they must vote for Obama because of judges. The Supreme Court as a November issue for the left is gone. For the right? That sound you hear is the marching of libertarians into Camp Romney, with noses held, knowing that the libertarian and conservative coalitions must unite to defeat Obama and Obamacare.

Finally, while I am not down on John Roberts like many of you are today, I will be very down on Congressional Republicans if they do not now try to shut down the individual mandate. Force the Democrats on the record about the mandate. Defund Obamacare. This now, by necessity, is a political fight and the GOP sure as hell should fight.

60% of Americans agree with them on the issue. And guess what? The Democrats have been saying for a while that individual pieces of Obamacare are quite popular. With John Roberts’ opinion, the repeal fight takes place on GOP turf, not Democrat turf. The all or nothing repeal has always been better ground for the GOP and now John Roberts has forced everyone onto that ground.

It seems very, very clear to me in reviewing John Roberts’ decision that he is playing a much longer game than us and can afford to with a life tenure. And he probably just handed Mitt Romney the White House.

*A friend points out one other thing — go back to 2009. Olympia Snowe was the deciding vote to get Obamacare out of the Senate Committee. Had she voted no, we’d not be here now.

Read the rest @ http://www.redstate.com/erick/2012/06/28/im-not-down-on-john-roberts/

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Filed under Obamacare, Supreme Court, Taxes

JOHN ROBERTS SCREWED US!!

The individual mandate did not survive under the commerce clause,but survived as congress’ ability to tax.Other parts,including states mandated to cover more people under medicaid survived.Roberts voted along with the four leftist judges.

WE.ARE.SO.SCREWED.

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Filed under Supreme Court, Taxes

Democrats oppose lowering health care costs

Click on graphics to embiggen.

Last week, the House passed a law that would eliminate this ObamaCare tax.

Chrissy’s Site Bites @ http://news.webshots.com/photo/2409703920056011884kfAdOL

The Yays were bipartisan. The Nays were Democrat only. Given the Dem opposition, even if this passes the Senate, I’m doubtful BHO will sign it. It might survive a House vote to overturn a veto, but not a Senate vote.

Still, I thought it worth while to graphic and get it out there for those Indies who are wondering which side they’re going to support in November. It gives the lie to a bunch of Democrat claims – that they are all about bipartisanship and helping out the little people and that Republicans are obstructionists who only care about the rich.

Really? Then why are the only NAY votes from the Democrats? And why are so many Democrats opposed to reducing health care costs for the people in the middle income brackets who most need and want these ObamaCare things repealed? Do they really believe that a tax on band-aids and tampons is going to HELP the really poor? Or that relieving this burden is about pandering to the rich? Puh-leeze.

And get a load of their contraception and gay rights hypocrisy … this tax includes condoms and diaphragms!

Chrissy’s Site Bites @ http://news.webshots.com/photo/2339266340056011884OOuIAw

If you like this, you might also enjoy @ https://polination.wordpress.com/2012/05/17/franciscan-u-dropping-health-plan/

SOURCE: http://www.govtrack.us/congress/bills/112/hr436

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Filed under Democrats, Obamacare, Republicans, Taxes, U.S. Congress

Reaganomics vs. Obamanomics

Ronald Reagan and Barack Obama each entered the White House during a bad economy. Obama often says he inherited the worst economy since the Great Depression. This is wrong. The economy Reagan inherited from Jimmy Carter was worse.

 

 

 

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Filed under Barack Obama, Economy, Ronald Reagan, Taxes, Unemployment

Is CNN biased? You betcha!

Compare these two videos.

Same reporter.

Same city.

Two protests just one day apart.

April 15, 2009: Showdown Between CNN Reporter & Chicago Tea Party Guests [3:14]

April 16, 2009: CNN’s Susan Roesgen Different Tone When It’s A Left Wing Protest [1:40]

Comments Off on Is CNN biased? You betcha!

Filed under Barack Obama, Media Bias, Taxes, Tea Party

Taxed Enough Already? Just wait until OCare kicks in!

Click on graphics to embiggen.

Chrissy’s Site Bites @ http://news.webshots.com/photo/2374810040056011884kYimHm

Chrissy’s Site Bites @ http://news.webshots.com/photo/2287931190056011884MvktVe

Obama Health Reform and Wait Times Visualization (In Lego!) [2:09]

If you like this, you might also enjoy @

https://polination.wordpress.com/2012/04/23/obamacare-adds-sales-tax-on-homes/

https://polination.wordpress.com/2012/04/17/they-dont-think-theyre-biased/

2 Comments

Filed under Medicare/Medicaid, Obamacare, Taxes

More than a little upset

Got this in email. It needs nothing from me!

Subject: More than a little upset!
Date: Sat, 14 Apr 2012

Alan Simpson, Senator from Wyoming , Co-Chair of Obama’s deficit commission, calls senior citizens the Greediest Generation as he compared “Social Security” to a Milk Cow with 310 million teats.

Here’s a response in a letter from PATTY MYERS in Montana … I think she is a little ticked off! She also tells it like it is!

“Hey Alan, let’s get a few things straight..

1. As a career politician, you have been on the public dole for FIFTY YEARS.

2. I have been paying Social Security taxes for 48 YEARS (since I was 15 years old. I am now 63).

3 My Social Security payments, and those of millions of other Americans, were safely tucked away in an interest bearing account for decades until you political pukes decided to raid the account and give OUR money to a bunch of zero ambition losers in return for votes, thus bankrupting the system and turning Social Security into a Ponzi scheme that would have made Bernie Madoff proud..

4. Recently, just like Lucy & Charlie Brown, you and your ilk pulled the proverbial football away from millions of American seniors nearing retirement and moved the goalposts for full retirement from age 65 to age 67. NOW, you and your shill commission is proposing to move the goalposts YET AGAIN.

5. I, and millions of other Americans, have been paying into Medicare from Day One, and now you morons propose to change the rules of the game. Why? Because you idiots mismanaged other parts of the economy to such an extent that you need to steal money from Medicare to pay the bills.

6. I, and millions of other Americans, have been paying income taxes our entire lives, and now you propose to increase our taxes yet again. Why? Because you incompetent bastards spent our money so profligately that you just kept on spending even after you ran out of money. Now, you come to the American taxpayers and say you need more to pay off YOUR debt.

To add insult to injury, you label us “greedy” for calling “bullshit” on your incompetence. Well, Captain Bullshit, I have a few questions for YOU.

1. How much money have you earned from the American taxpayers during your pathetic 50-year political career?

2. At what age did you retire from your pathetic political career, and how much are you receiving in annual retirement benefits from the American taxpayers?

3. How much do you pay for YOUR government provided health insurance?

4. What cuts in YOUR retirement and healthcare benefits are you proposing in your disgusting deficit reduction proposal, or, as usual, have you exempted yourself and your political cronies?

It is you, Captain Bullshit, and your political co-conspirators called Congress who are the “greedy” ones. It is you and your fellow nutcases who have bankrupted America and stolen the American dream from millions of loyal, patriotic taxpayers. And for what? Votes. That’s right, sir. You and yours have bankrupted America for the sole purpose of advancing your pathetic political careers. You know it, we know it, and you know that we know it.

And you can take that to the bank, you miserable son of a bitch.

3 Comments

Filed under Medicare/Medicaid, Social Security, Taxes

Who are the One Percent?

To the extremists of Occupy Wall Street, the wealthiest 1 percent of Americans are all Wall Street vultures preying on vulnerable workers.

The reality is quite different.  For one thing, they live all over the country. For another, they are much more likely to be physicians or self-made business owners than hedge fund managers.

Some things do characterize top earners, but it isn’t race, conservative politics or even silver spoon families. (Only two in five inherited money. The rest made it on their own.)

One percenters work much longer hours than the rest of us. They are more likely to be self-employed and nearly twice as likely to be married. They also have more children (though not more cars) than middle- and upper-middle-class families.

A vast majority graduated from college and, in a whopping 27 percent of couples, both partners have advanced degrees.

They earn less than 20 percent of all pre-tax income nationally, pay more than 25 percent of all federal taxes and account for nearly 33% of all charitable giving.

So much for the idle, selfish rich myth.

The overall average income for all of the top 1 percenters nationally was $1.5 million a year. At the top end are billionaires like Warren Buffett.

At the bottom end are households that earned as little as $380,000 a year … which is $20,000 less than we pay President Obama, whose job also includes enormous perks like luxury housing and five star cuisine, round the clock security, limousine, helicopter and private jet service, and dozens of office and household staffers.

Obama also has a fortune tucked away from previous years when his book sales brought him millions in extra income. Since his book income dropped, he is no longer in the stratosphere of the top ten percent of the top 1 percent. This group of the super rich has only 120,000 tax filers in it. Their average income in 2011 was $6.8 million.

But in 2009, Obama took in $5.5 million from book sales, making him easily a member of the evil elite … or so the Occupiers would say, if they had any sense.

Although many one percenters lean toward the Republican Party, they’re far from politically homogeneous.  Just take a quick look at prominent Democrat supporters like Warren Buffett and George Soros, mega-rich entertainers like Oprah Winfrey, Michael Moore and Tyler Perry, and the goodly number of wealthy politicians.

See: The Democrats and Class Warfare
https://polination.wordpress.com/2012/04/16/the-democrats-and-class-warfare/

But even those who say they don’t mind paying more in taxes aren’t happy with being demonized for being hard-working and successful. Some say they fear the class warfare that Democrats and Occupiers are promoting puts their families’ safety in jeopardy. Some have been personally targeted by protesters, making their fears understandable.

One pair of the “evil, idle” one percenters interviewed by the New York Times didn’t even know about Occupy Wall Street. They are much too busy curing cancer 11 hours a day, then squeezing in some quality time with their two children to follow politics. When the slogan was explained, the wife shook her head and suggested some context was in order. She and her husband had spent fourteen years each studying and working long hours to achieve their current income level. And they are still paying off medical school loans.

Another man noted that he had built his business from scratch and is proud of it. He works hard, creates jobs and contributes to charitable causes. “I’m not hurting anyone. I’m helping a lot of people.”

One noted, “If you pay $50 million in taxes, is that fair or unfair? When a tax is specifically designated for a tenth of a percent of the economy, it’s hard not to feel targeted.”

But is this wise? Do we really want to allow the Left to demonize hard work and success?  If the pot at the end of the rainbow has nothing in it but scorn, slander and punitive taxes, who will bother to give up so much to invent a new gadget, get advanced professional training, or build the businesses that provide the products, services and jobs we all want?

Jon Lovitz slams Obama and Occupy Wall Street (Profanity Warning) [5:15]

Sources:

Among the Wealthiest 1 Percent, Many Variations by Chang W. Lee – January 14, 2012

Who are the 1 percent?  NY Post editorial – January 17, 2012
http://www.nypost.com/p/news/opinion/editorials/who_are_the_percent_b53YH1O3zjel3L6wRJmjbI

Obama family 2010 income falls to $1.73 million from $5.5 million – April 19, 2011
http://en.rian.ru/world/20110419/163595400.html

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Filed under Barack Obama, Occupy Movement, Taxes

Obamacare adds sales tax on homes


Chrissy’s Site Bites @ http://news.webshots.com/photo/2972228960056011884oXJXXc

Click on graphic to embiggen.

A 3.8 percent sales tax may not sound like much. But it would add $3,800 to the cost of a $100,000 home or more than $15 grand to the cost of a $400,000 home. If the GOP wins in November, they have promised to overturn Obamacare and pass common sense, economically sound health care legislation. If Obama and the Democrats win, count on this tax and many others to kick in and further depress the economy.

Source: ObamaCare Flatlines: ObamaCare Taxes Home Sales – Clobbers Middle-Class Americans
http://www.gop.gov/blog/10/04/08/obamacare-flatlines-obamacare-taxes-home

If you like this, you might also enjoy @ https://polination.wordpress.com/2012/04/23/obamas-8-billion-dollar-bait-and-switch-trick/

14 Comments

Filed under Barack Obama, Economy, Inflation, Obamacare, Taxes

The Democrats and Class Warfare

Click on graphics to embiggen

The Democrats have been claiming that rich people get a lower tax rate.

This is a Big Fat Lie.

All Americans are subject to the exact same tax code.

The “lower than his secretary’s” tax rate that Buffett pays is on his long-term capital gains income. His famous secretary’s “higher tax rate” is on her regular income.

If Buffett earned any regular income, he’d pay the rate that’s on the same chart his secretary’s salary is taxed on. And if his six-figure, two-luxury-home-owning secretary sold one of those houses at a profit, she’d pay capital gains tax at the same rate that Buffett pays.

There are many good reasons for capital gains to be taxed at a lower rate. For example, it encourages people to invest in business and property.

The Democrats claim that their proposed “Buffett Rule” increase on the capital gains tax rate would increase revenues to the government and help with the national debt. But it is just as likely to further depress the economy, leading to even fewer jobs and less tax revenue.

Since big economic issues are much too hard for us dumb homemakers to understand, here’s another, simpler reason the Buffett Rule is a crappy idea.

Let’s imagine that your elderly parents have retired and are slowing down. They need to move to a smaller, less expensive home, so they decide it’s time to sell the house you grew up in.

They spent 30+ years caring for and paying off the mortgage on that house. It’s the biggest asset they have. Besides allowing them to move to a smaller place, its sale will help finance their final years on earth.

Over the years they were earning and putting money into the house, their income was taxed at the regular income tax rate. When they sell, the government will graciously allow them to have that amount of money tax-free. Generous of them, isn’t it? Seeing as it was their money all along, just tied up in the house.

But what about any money they make on the sale price that exceeds the amount they paid for and put into fixing the house? THAT money the government counts as long-term capital gains income. And Uncle Sam wants his pound of flesh for it.

This is the allegedly unfair lower tax rate that the Buffet Rule proposes to increase so it will match the higher tax rate on regular income. Democrats are saying this is more “fair.” But what is fair about politicians taking a ginormous bite out of an elderly couple’s retirement money?

The Left talks about people who have assets as if they are all dirty scoundrels who deserve to be punished. But what’s evil about owning and caring for a home? SOMEbody has to own it. Would it have been better if your folks rented all those years, then when they retired, they’d have NO assets to see them through their golden years? Sheesh.

And … by the way, Occupiers … a whole bunch of these exact same self-righteous Democrats are themselves millionaires.

One of them, Barack Obama, just tucked a whole bunch of his moolah into trust funds for his kids where the IRS can’t get at it.

“How unpatriotic!” the Left would say, if it were Mitt Romney or some other Republican. But, seeing as it’s a Democrat, “He’s just doing what’s best for his family.”

Obama’s been running around ranting about how “unfair” it is that long-term capital gains are taxed at a lower rate than regular income when he himself has no capital gains income. Meanwhile, he is NOT running around ranting about how “unfair” it is that millionaires like him are allowed to shelter great wads of their (allegedly ill-gotten) gains in trust funds for their kids!

What flaming hypocrites these people are! Personally, I have no problem with trust funds or lower capital gains tax rates. What bothers me is hypocrisy. And these people are the worst!

The Left’s “War on the Rich” is just another inning in the same ol’ same ol’ political game they have always played, pitting one group of Americans against another group of Americans in order to get votes and advance their own careers, their own power and their own Big Fat Bank Accounts.

 

1 Comment

Filed under Barack Obama, Democrats, Economy, IRS, Taxes