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Your Fair Share


 

 

It is tax day.  The left is out whining about those who do not pay their “fair share” of taxes.  Maybe it is time for a discussion as to who pays and what is a fair share of taxes.

 

The left is close to one of its long held dreams.  As of today, about 45% of American households pay no federal income tax.  The top 50% of taxpayers pay 97% of the taxes.  What is wrong with this picture?

 

Today, after receiving bad press, General Electric is returning a $3.2 billion tax refund it received.  General Electric paid no corporate income tax this past year.  The left was beside itself.  Unfortunately, some conservatives have followed the liberal line. 

 

What is the government going to do with that money?  Waste it.  What could General Electric have done with that money?  Here’s an idea.  If General Electric wanted to be patriotic, instead of sending the money back so the Obama regime could blow it, they could have created jobs.  If we assume the total cost for jobs was $50,000, including salary and benefits, General Electric could have created 64,000 jobs.  $50,000 salary and benefits might be a little on the low side in certain areas but when you are unemployed, you are making zero.

 

Instead, Jeffrey Immelt, GE CEO and Obama sycophant, decided to make a very public, well we really can’t use the word we want, so let’s say a very public action with $3.2 billion.

 

Meanwhile, a group of so-called “Patriotic Millionaires” has called for taxes to be increased.  These are all a group of liberal dolts, and their “call” was immediately picked up by the drive by media.   What the media does not say, and probably does not understand, is there is a difference between income and wealth.  A person with a net worth of $100 million does not make $100 million in a year. Their actual income is probably a fraction of that.  And for those “patriotic millionaires” who want taxes increased, why don’t they release their personal tax returns.  Anyone want to bet they have lawyers and accountants who take every possible deduction?  Anyone doubt they take every advantage offered in the tax code?

 

The entire tax code is a war on the productive.  Those who are already wealthy have their tax shelters.  An increase in income taxes does not punish them.  It punishes the people who are working toward being millionaires 2, 3, or 5 years from now.

 

The real problem with the tax code is that we have a tax code.  The purpose of taxes is to generate revenue to run the government. It is not to advance certain social policies and it is not to help your friends.  Among lawyers, one of the hottest fields is tax law. Many lawyers finish law school, and then do an extra year to receive an LL.M. degree in Taxation.  Why?  Because the tax code is so complex, this kind of education is needed to help keep companies out of hot water with the IRS and help keep them from being eaten alive by taxes.

 

As we pay our taxes this tax day, we need to think of the future.  In 2013, as conservatives again control the government, we need to scrap the insane tax code that makes war on the productive who drive the economy and who create jobs, and replace it with a fair tax in the short term and ultimately repeal the 16th Amendment (the income tax amendment) and go to a national consumption tax. 

 

As you see today how high your taxes are, take a moment to send your Senators and Congressman an email.  They need to know we the people are not happy.

 

Tags: Electric, General, Immelt, Jeffrey, Obama, democrats, income, republicans, taxes

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Replies to This Discussion

Permalink Reply by Debrajoe Smith-Beatty on April 18, 2011 at 1:20pm

Every year I pay my fair share and then some. We Need TO TAKE MONEY AWAY FROM THE SPEND-a-holics in Washington DC. The more we give them the more they spend. And they lie to us about where the money is going. I'm tired of paying illegals to live in America.

I'm tired of the lies coming out of Washington DC, I'm tired of Obama's high cost vacations. He does not deserve it.

Permalink Reply by Robert L. Voelsing Sr. on April 18, 2011 at 6:21pm
To Mad Max,,,,Great Name,,,.     I saw an article that stated that IBM did a study of the Health care system BEFORE the H/C bill became known as 'Obamacare'   this study stated that if their recommendations were followed,,,,the Fed could SAVE  ,,,,,,you guessed it,,,,,900 Billion.   I'm assuming that there was TOO much Private industry involved to make OBOZO & his Czars happy,,because that way,,they could  NOT grow the Fed out of proportions,& also control it.   Imagine,,,a 900 Billion savings for the Fed.,,,& BHO turne it DOWN,,,,go figure.
Permalink Reply by Debrajoe Smith-Beatty on April 18, 2011 at 6:31pm
On TV today I heard that the US Government has been funding efforts to over throw the government of Syria, $6 M dollars. This ticks me off to no end. Both George W. Bush and Obama are guilty of this. America is going broke and our tax dollars are doing this. Obama is history.
Permalink Reply by Bob Russell on April 18, 2011 at 8:17pm
Permalink Reply by james krog on April 19, 2011 at 6:07am
Do you remember where that study is or what it's recommendation's were? It would be interesting to read.
Permalink Reply by Charles O. Walts on April 18, 2011 at 3:48pm

The federal government (as well as state and local governments) needs to be forced to live within its means.  In otherwords, it needs to quit spending, quit borrowing, quit printing money, and make do with the tax dollars collected.  This will mean, of course, that there will be a push by the liberals, Democrats, and progressives to raise taxes.  WE CANNOT LET THAT HAPPEN! 

Today, the top 1% of all taxpayers pays about 35% of the taxes the government collects.  Americans who earn $100,000 or more pay nearly 80% of all of the taxes government collects.  We need to be going after the nearly 50% of American households who pay NO tax.  These people have no skin in the game.  Hence, they vote for idiots like Obama, Pelosi, and Reid.  Good Grief!. 

America is nearly broke.  S&P is threatening to take away the nation's AAA rating.  I, too am tired of the windbagging and houndwounding coming out of DC.  We still have a bunch of clueless bozos in Congress. We have to put the pressure on our "political heroes" to get their act together and do what is right for America -- not their political futures.

Permalink Reply by kay williams on April 19, 2011 at 11:18am
Well stated.  And it is too true.  When are the liberal progressives gonna understand simple math?
0fj8k7tt4p6axPermalink Reply by 0fj8k7tt4p6ax on April 18, 2011 at 1:48pm

The IRS is only one of a dozen or so federal mega-bureaucracies that are sapping the fiscal life out of our beloved country. Here a few more: Education, Commerce, Agriculture, Transportation, The Federal Reserve, etc.  What business does the Federal Government have in these areas?  The answer is none, zilch, nada, zero!  Article I Section 8 of the U.S. Constitution enumerates the powers of the Federal Government; and those powers do not include any of the above.  It is a States' Rights issue, and many states with Republican Governors and Legislatures are waking up to that fact.  Arizona, Oklahoma, and Wisconsin are the leaders. God Bless those states and God Bless America!

A. Zion

0fj8k7tt4p6axPermalink Reply by 0fj8k7tt4p6ax on April 18, 2011 at 2:10pm

MadMax,

Is there a message here?

Permalink Reply by Doug Nicholson on April 18, 2011 at 2:30pm
The message is: Educate yourself about the FairTax by using the link!
Permalink Reply by Debrajoe Smith-Beatty on April 18, 2011 at 7:44pm
The greedy government will find a way to keep raising the tax rather it be a flat tax or IRS.
Permalink Reply by Doug Nicholson on April 18, 2011 at 2:37pm
Would you like to NEVER PAY FEDERAL INCOME TAX AGAIN? Would you like it if the government SENT YOU a check every month instead? There IS such a program pending in Congress right now and it is PERFECT! It is called The FairTax and here’s how it works:
   The FairTax does away with the federal income tax by repealing the 16th Amendment.  That effectively eliminates the IRS (they‘re outsourced and downsized!). You NEVER file another tax return and April 15th becomes "just another spring day"!
   You keep every penny of your paycheck that used to be deducted for Federal taxes and FICA (Social Security).
   The 22% of current prices caused by embedded federal taxes on everything you buy right now disappears (you know, the manufacturer is taxed so he adds that amount to the price he charges the wholesaler, who is taxed and adds that amount to...well, you get it!).
   The FairTax is added, which brings the price of new (notice that word) goods back to within 1% of where they were. The ONLY time you pay ANY federal tax is when you buy a NEW product. Used items are not taxed.
   With the FairTax, those who live off the “underground economy” such as drug dealers, prostitutes, illegal aliens and others who receive their money “under the table” pay taxes just like the law abiding citizens.
    Every household gets a monthly "prebate" check equal to 23% of the current poverty level divided by 12 (months). So effectively, no one ends up paying taxes on essential goods and services. If the current poverty level (for example) is $22,000 times 23% equals  $5,060 divided by 12, so each household gets a check for $421.66 every month! It's a little more complicated, but this is just an example.
   The economy comes roaring back to life and corporations bring jobs back to the U.S. from overseas because the FairTax does away with corporate income taxes, too!  Unemployment solved! The money brought into Federal coffers even restores Social Security to solvency!
   The entire thing is administered by state income tax departments, who forward the 23% collected to the Treasury Department.
   PERFECT! If you like it, let your representatives know!
   Go to: fairtax.org to find out more!

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