InDepth – US vs Sweden Post #6 – Taxes & Closing Thoughts

The obvious question to close off this series is “How can Sweden afford those benefits?” Of course a part of that answer it through relatively high taxes. But how high is that? Sweden does have the highest top marginal rate among OECD countries at about 56%. In The US The highest marginal tax rate in the US is about 35% but there are many tax … Continue reading InDepth – US vs Sweden Post #6 – Taxes & Closing Thoughts

Government Wasn’t The Problem

Forty years ago, Ronald Reagan made the comment “Government is not the solution to our problem, government is the problem.” I didn’t agree with that then but by adding two words I agree with it now. My slightly revised quote is The lack of government is the problem When government loses its role of doing the “people’s business” it becomes a major problem. When that … Continue reading Government Wasn’t The Problem

Something For Nothing…

But since Piotrowski describes property taxes as “unethical, unchristian-like” and a form of “financial slavery,” he decided to make a statement. “Since I’m being forced to pay for something against my own will, I’m paying in pennies,” he told The Philadelphia Inquirer. SOURCE: This man collected 50,000 pennies to make a statement about paying his property taxes – Yahoo Finance. I don’t know about you but these … Continue reading Something For Nothing…

Republican leaders to block US immigration measure

Despite a wide coalition of business, labor, religious groups, farmers and others pushing for an immigration overhaul, many individual Republican House members who represent largely white districts have been unmoved. SOURCE: Republican leaders to block US immigration measure – Yahoo News. After so many years of a stalemated government there are so many things that need changes. We are stuck in the 20th century practices … Continue reading Republican leaders to block US immigration measure

Tax code changes will hit high-income Americans hardest

On top of that, higher-income taxpayers could see their itemized deductions and personal exemptions phased out and pay higher capital gains taxes — 20 percent for some taxpayers. And there are new taxes for them to help pay for health care reform. There are different income thresholds for each of these new taxes. An additional 0.9 percent Medicare tax, for example, kicks in on earnings … Continue reading Tax code changes will hit high-income Americans hardest

GOP Is Not A Real Party…

“The Republican Party is not really a party. It doesn’t stand for anything except re-electing itself,” Stockman, who directed the Office of Management and Budget under President Ronald Reagan, tells Newsmax. “The neocons are only oriented to an aggressive, imperialistic foreign policy of big defense establishment and suppression of our civil liberties. That’s bad. “The tax cons want to just cut taxes — any time, … Continue reading GOP Is Not A Real Party…

Swiss, U.S. reach deal on outing tax evaders

The U.S. government and Switzerland have reached an agreement that could expose Americans who have used Swiss banks to avoid paying taxes…. The crackdown began in 2009 after a whistleblower notified U.S. authorities that UBS, the largest Swiss bank, was enabling Americans to evade taxes. UBS settled the case later that year. It turned over account records on 4,500 U.S. customers and paid a $780 … Continue reading Swiss, U.S. reach deal on outing tax evaders

Lawmakers say Apple dodged billions in taxes…

A Senate panel late Monday accused Apple (AAPL) of using what it called a “complex web of offshore entities” to dodge billions of dollars in U.S. income taxes. Source: Lawmakers say Apple dodged billions in taxes – CBS News. If we could just manage to get a Centrist party in control of those folks in Washington one of the first things I would want them to … Continue reading Lawmakers say Apple dodged billions in taxes…

Power To The People….

Our financial ills will never be settled till you fix it so every man will pay an income tax on what he earns, be it a farm, grocery store or municipal or government bonds   — Will Rogers  March 21,1933 Will’s words above were spoken during the heights of the depression but even then the rich were finding loopholes to avoid paying taxes.  I have never understood how … Continue reading Power To The People….

If Government Treated You As Well As Amazon….

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DeliveryI must admit that I am a loyal customer of Amazon. I pay an extra $79 a year to have two-day free delivery of almost everything I buy and I buy quite a bit from them. I get many things the next day. It amazes me just how quickly they can get my order to me!

Another company that amazes me is Google. If I have a question on just about anything I can get many different views on the subject usually within a minute or two.  I can remember in high school and even college spending hours in the library scouring through twenty-four book encyclopedias and many other books to find a minute amount of info I can now get in seconds.

Continue reading “If Government Treated You As Well As Amazon….”

The Slippery Slope…..

 


Slippery
I am totally sick of the “slippery slope” that my conservative friends so often cling to!!

If I hear another person give me a slippery slope story I just might punch them. The idea of the slippery slope consumes so much of their lives. It is the center point for their current stands against gun regulation. It is the center point for their current stands of excluding anyone from their religious circles who don’t totally align with them.  It is the center point of their current stands on taxes.

Continue reading “The Slippery Slope…..”

The Origins of the Fiscal “Cliff”

source:  A Very Different Lame-Duck: Lessons From 2010 – ABC News. The fiscal cliff is what we’re focused on,” Cantor spokeswoman Megan Whittemore said. “That’s what we need to get a resolution for.” “Fiscal cliff” this “fiscal cliff” that; I am really getting tired of all the rhetoric. It is almost as if some evil empire dropped the “fiscal cliff” viciously into our laps. This … Continue reading The Origins of the Fiscal “Cliff”

Separation of Church and State — Taxes

Source: Churches and Taxes – ProCon.org.

US churches received an official federal income tax exemption in 1894, and they have been unofficially tax-exempt since the country’s founding. All 50 US states and the District of Columbia exempt churches from paying property tax. Donations to churches are tax-deductible. The debate continues over whether or not these tax benefits should be retained.

Proponents argue that a tax exemption keeps the government out of church finances and thus upholds the separation of church and state. They say that churches deserve a tax break because they provide crucial social services, and that church tax exemptions have been in place for over 200 years without turning America into a theocracy.

Opponents argue that giving churches special tax exemptions violates the separation of church and state, and that tax exemptions are a privilege, not a right guaranteed by the US Constitution. They say that in tough economic times the government cannot afford what amounts to a subsidy worth billions of dollars every year.

Continue reading “Separation of Church and State — Taxes”

America’s Small Businesses….

I was a small business owner for six years after I retired from the big business corporate world. But being a sole proprietor with no employees I really don’t have a good view of just what small businesses are really about. The Republican political leaders say small businesses are the growth engine of our country and we shouldn’t tax them by taking away the Bush tax cuts for those making over $250,000 annually.

How many of the so-called small businesses were like mine just a guy in a shop building things for customers? How many hire more than a handful of employees? I decided to look into this.

Here is a link to a bunch of numbers in this area:  http://www.census.gov/econ/smallbus.html 

  • There are approximately 29 million business in this country
  • Of those 29 million about 22 million are business with no employees
  • Only one million firms have more than 9 employees
  • Only 90,000 (0.3% have more than 100 employees
  • Across the United States, small business failure rates rose by 40% between 2007 and 2010
  • Only about one if five small businesses will be in existence five years after its creation

Continue reading “America’s Small Businesses….”

Let the Democrats Emulate the Repbulicans

They say that imitation is the sincerest form of flattery. If that is really the case then I say let the Democrats emulate the Republicans in their do-nothing attitude. There has been talk about the Senate Democrats letting the all the Bush tax cuts expire and forcing the ten-percent reduction in the military budgets by doing nothing. Will the Republicans be flattered by this imitation … Continue reading Let the Democrats Emulate the Repbulicans

All I Know…Less Taxes, Less Regulation….

Less taxes and less regulation is the constant mantra that Republican party sees as a way to bring down the unemployment rates in this country. Everything else to them is seems to be utter nonsense. But let’s look at the facts around these two issues. Less Taxes — Taxes are currently the lowest they have been in 36 years, especially for the top 10% of … Continue reading All I Know…Less Taxes, Less Regulation….

Paying Taxes….

This post is going to start a new category for me entitled “My Conservative Friend”. It will be about some conversations I have had with some of my conservative friends. It will also be about some of the conversation I have yet to have with them. Yes, even though they deem me a liberal I still have some conservative friends; in fact some of them … Continue reading Paying Taxes….