Articles tagged as

Taxes

As the Un-Aborted Celebrate Forty Years Of Aborting…

I have already observed, on several occasions, the professional lefts efforts to perpetrate a prevailing media narrative about the sorry state of higher education, the “crumbling” mental health apparatus and our inadequately funded alcohol awareness and treatment programs.  They are doing this to fertilize the budgetary soil for the necessary tax and spending increases required to (they would argue) help alleviate the growing injustice of under-educated, alcohol abusers, with a side order of mental health issues, that only an increase in state-managed taxpayer dollars can possibly resolve.

Well I am here to help.  With one wave of my blogging wand I will “educate” the people on how we can reduce the prevalence of “mental health issues” and “alcohol abuse” in the Granite State (or anywhere), without more spending or taxes, all the while mocking the motley cabal of un-aborted, specula-wielding, would-be-tax-increasing left-wing harpies and their policy-cuckolded camp followers, who have been celebrating four decades of “legally” clawing defenseless unborn children out of women’s wombs.

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Notable Quote: NH House Rep John Burt

  “Why are we not working on the budget and new jobs for NH.  No the first thing they (NH Democrats) do is gun control for NH, raise the beer tax, vehicle registration fee increase of $30.00 to $50.00 per vehicle in your driveway, gas tax increase of 20%…”

Democrats and Taxes “Simplified.”

I posted this on Facebook yesterday.  It is a simplified look at Democrats and taxes.  I though I’d share it with the Grok audience. Rule #1 – Insist that we need more revenue so we must raise some taxes. Rule#2- Tell people that if they let you raise “these” taxes you will then cut “those” … Read more

Another Day With NH Democrats….Two More Taxes…or is it Six?

NH Roads and bridges - NH Democrats look to raise gas taxThe Concord Monitor is reporting on a  plan by New Hampshire Democrat David Campbell (D- Nashua), that would eventually extract $115,000,000.00 million more dollars per year out of the pockets of struggling New Hampshire families.  He’d like to raise the gas tax and the increase the cost to register your vehicles every year.

His ‘plan’ would raise the price you pay for gas five cents a year for three years.  At the same time the cost of your vehicle registration would also increase five dollars a year for three years.  So you’d’ see two separate tax increases every year for three years; is that two new taxes of six?

The promise, and given past experience this means nothing coming from a New Hampshire Democrat, is that they will use this additional tax money exclusively for road and bridge work.

We obviously need money for roads and bridges but I don’t think we need any new taxes and fees–so I have a better idea.

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If Democrats Really Want to See Wages Increase….

minimum wage cartoon payneEvery good New Hampshire Democrat knows that the best way to have an immediate impact on jobs and the economy is to increase the cost of doing business.  Making it cost more to run a business acts like a tax on the business owner, and Democrats love taxing business.

Enter HB127, An act relative to the state hourly minimum rate.

Rep Tim Horrigan and admitted socialist Peter Sullivan (New Hampshire Democrats), are unsatisfied with the machinations of the Federal government in the value of labor relative to the task at hand and are certain that they know better, not just than their Federal master in D.C., but better than every employer and employee in the entire Granite State, what any hour of labor is (at minimum) worth.

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Forward is the New Backward

Taxes and Democrats The pledge politics lie and broad based taxesReality thy name is payroll tax cut, or more to the point the absence of same.  That’s right, the federal government will no longer be subsidizing your lifestyle.  The “holiday” is over.  They are taking back that which is theirs.  And all of our paychecks are going down as a result.

Effective January 1st the payroll tax rises from 4.2% to 6.2%.  That hits everyone.  And there is a lesson to be learned here if liberals, and people who refuse to pay attention, pay attention.  That 2% subsidy you just lost–that is what the Democrats call it when they don’t tax rich people, business owners, or oil companies, a subsidy–really is your money, just like it really does belong to everyone else who goes to work or runs a business or takes on investment risk.

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Are New Hampshire Democrat’s Pushing a Mental Illness Narrative?

Mental illness is a moving target, but one that keeps getting bigger.  Here in New Hampshire, if you Google Mental Illness, you will discover that it is getting bigger here as well.  Mental illness is up, we are told.   More patients are going unreported or untreated.  And just in time for a Democrat Budget writing House and their spend then-tax-den mother (Governor Maggie Hassan) to ignore the delicate state of the economy, rising payroll taxes, unemployment, wage stagnation, and the cornucopia of looming federal burdens, cliffs, debt, and spending, and Obama care, to justify growing our own budget right here in the Granite State on top of all that.

Look,see!?  Mental illness.  It’s right there!  We (politicians and government) are the only ones’ who can do something about that.  We have to do something…

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What IS that Fair Share, Democrat Socalists?

How much does your pound of flesh actually weigh?  Do you view the successful as sovereign citizens – or subjects to be punished because no one should ever be THAT successful (perhaps, because you think they stole it) ?

Obama is crowing “I got Republicans to raise taxes on the wealthy” – thus, fulfilling a campaign promise to make our income tax system even MORE Progressive (philosophically and financially); it’s bite in punishing those that have been successful far exceeds any in the developed world (including the real socialist European democracies that Obama is hellbent in turning us into).  So, what does CongressWacko Maxine Waters (who wants to nationalize oil companies) think about the tax hikes?  Are the rich now paying their Fair Share?

Hardly:

WATERS: Well, you know, the Republicans are talking about, what all they’re going to do with these tax cuts. The president has said we cannot cut our way out of a deficit and he’s absolutely correct. The first thing that we’ve got to do is look at where we still have unfairness in the tax system and make sure that the people of influence, the billionaires and the millionaires and the corporate interests are paying their fair share. And I believe that whether we’re talking about the financial speculation tax or the elimination of the carried interest or defense spending, we’ve got areas that we could look at to get fair share so that we’re able to take care of the basic needs of this country rather than going to Medicare and Medicaid and Social Security and focusing on those areas as the only place that we can get more revenue.

Yet, what do the new tax tables actually show?

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For a meager mess of porridge; so what DOES the Republican Party stand for now?

From RedState Twitter Feed:

RSBooBooKitty: Blank Check Barry and his Blue Journalism Gang just knocked over the Hapless Hill Savings Bank of Other People’s Money. #RSRH

Such a Happy New Year start – Senate Republicans caved into Obama’s Progressive Punish the Successful campaign.  $620 Billion more in taxes.  Only $15 Billion in reduced spending.  A ratio of $41 in new taxes to $1 in spending cuts.  Welcome to Obama’s definition of “balanced” deficits.   Obama poured coals on their head during his press conference, utterly belittling them and what they stand for:  “Keep in mind that just last month Republicans in Congress said they would never agree to raise taxes on the wealthiest Americans.”…“Obviously the agreement that’s currently being discussed would raise those rates and raise them permanently.”

#GROVEL.  Trading a mainstay of Republicanism, a pillar of Republican philosophy – lower taxes, limited government.  They voted for neither.  Again.  Again, they didn’t even read the 157 page bill.

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Rumors- Ralph Wilson Jr. Sold Buffalo Bills to Avoid Taxes

From Facebook. (Rumors…) A conglomeration including Jim Kelly, Thurman Thomas, and, very likely, Donald Trump and Bob Rich have purchased the Buffalo Bills from Ralph C. Wilson, Jr. for an unknown sum, probably in the $800Million to $1Billion range. Wilson is said to have sold based on the expectation that both estate taxes and capital … Read more

Fiscal Cliff Deal? A classic case of the Left embiggining Government

Update:

  • Current tax rates would be permanently extended for singles making $400,000 or below, and permanently extended for couples making $450,000 or below
  • For singles, capital gains and dividends of $400,000 or below would be permanently taxed at 15 percent; capital gains and dividends above $400,000 would be permanently taxed at 20 percent
  • For couples, capital gains and dividends of $450,000 or below would be permanently taxed at 15 percent; capital gains and dividends above $450,000 would be taxed at 20 percent
  • The Alternative Minimum Tax would be permanently patched
  • Estates over $5 million would be taxed at 40 percent, and that tax rate would be permanently extended

Nothing on spending cuts (like, I’m surprised??)

*********************************

Or “Running out the clock always results in running out with somebody else’s wallet.”

The Corner is reporting that the AP is writing that a deal has been struck:

  • We shall punish the hardworking and successful:

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Tweet of the Day – Week – Ever? on Unions Vs Right to Work?

Fellow Grokster(ette?) Susan Olsen dropped this into our email this morning.  No, not ‘the royal ‘Our’ as in the royal ‘we,’ as in ‘We are not amused.’  I mean “Our” as in our Grok group email.  Anyway, this hits it out of the park on Michigan and Right to Work, and the Unions and Democrats and Obama (oh, My!), or anyone for that matter,  squawking about benefits for those who accept the choice to not have to pay dues…

Union Benefits in a Right to Work state vs Govt benefits
This guy is officially Our hero.  I am embarrassed that We didn’t think of it first.

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Has Jeanne Shaheen Had A Come To Jesus Moment on Taxes?

Eighteen Democrat US Senators have sent a letter to Harry Reid requesting that the Medical Device tax portion of Obama-Care be delayed. The letter does not say it directly, preferring to dance around the issue, but it is obvious that these 18 Democrats, New Hampshire Senator Jeanne Shaheen among them, believe the Medical Device tax … Read more

Data Point – Federal Subsidies for electric power

    Yes, the enviros can complain that coal gets more of a subsidy than solar; true enough.  Add the subsidies for the top 4 items vs the renewables?  No contest – fossil fuels get $4.557 billion while renewables get $5.954 Billion.  In the end, however, is what is the bang for the buck.  It … Read more

Only in the minds of DC tax-grabbers is my house a “tax loophole”

I had seen this before but when I read it again, the only thoughts I have is “Is this my house or the Government’s?” and “At what point does Government’s stash no longer needs more of my [much diminished] stash?” when looking at “tax loophole” that I take advantage of when I, well, live in my home :

…to the technocrats in the federal government, the tax you don’t have to pay on the value of rent you don’t have to pay because you own your home is a loophole.  Read that last sentence again. Its called “The Imputed Net Rental Income on Owner-Occupied Housing” and the feds include it in their annual list of “tax expenditures.” That term is how Washington officially refers to credits, deductions and exemptions. Here’s how the federal government describes it:

Under the baseline tax system, the taxable income of a taxpayer who is an owner-occupant would include the implicit value of gross rental income on housing services earned on the investment in owner-occupied housing and would allow a deduction for expenses, such as interest, depreciation, property taxes, and other costs, associated with earning such rental income. In contrast, the Tax Code allows an exclusion from taxable income for the implicit gross rental income on housing ser- vices, while in certain circumstances allows a deduction for some costs associated with such income, such as for mortgage interest and property taxes.

Let’s say you own a home and your mortgage is $1,000 a month. If, however, you instead rented the home from a landlord your rent, let’s say, would be $2,000 a month. To the mandarins at the IRS, you are “earning” an implied $1,000 a month because you own and not rent, and that “value” should be added to your taxable income. If you own your home out-right and don’t have a mortgage at all, you would be “earning” $2,000 a month which the IRS thinks should be added to your taxable income.

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A perfect example of why there is frustration with the GOP

The grassroots within the Right of the Political aisle formed the TEA Party – Taxed Enough Already.  As being pointed out this morning on the talking head shows, if we go over the Fiscal Cliff, there are more than a few states, combined with Fed taxes that will take effect, will have residents that will … Read more

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