Articles tagged as

Taxes

Data Point – Federal spending; the curve

What happened in 2007 to elevate spending?       A Democrat controlled Congress.  Just like in NH, but that started in 2006.  That money has to come from somewhere.  Emphasis on “where” is all that Democrats think of rather than on what Conservatives believe, which is someone. It is sad that Democrats hate people. … Read more

Blood and Water – The Return of Democrat Rule in New Hampshire

Skip broke the news (on the Grok) about New Hampshire State Government’s department heads making budget requests that would increase state spending by 26% in 2013.  If you had any delusions about who or what state agencies represent, you just got your answer.

It ain’t you.  It’s them.

In the current economy, with no regard for whose money they are spending, incoming governor Maggie Hassan would have to raise taxes and fees by at least 19% to fill all the requests.   AFP-NH estimates that this would extract around 700 million dollars from the people of New Hampshire to pay for new spending that would never go away. So that’s 700 million from every budget henceforth and anon, plus new new spending each budget there after….these are Democrats if you recall, there is no enough when it comes to spending your money.

And that $700, 000,000.00 (million) is ironically close to another sum we readily associate with New Hampshire Democrats.

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Escape from California?

They’re not only talking about getting out of California (see below)…they’re talking escape from America. An interesting read.

Data Point – The Rich DO pay more in taxes

All Obama and the Dems can say is that certain folks don’t pay their fair share in taxes.  I know that there are some socialist / Progressives that would be fine with taking it all after a certain point (“you should not be able to make more than $5 million per year!”) and a high percentage on everything before that.  Equality, they say.  But the way they talk about it, the rich pay next to nothing; hardly:

% income tax paid
Adjusted gross income as a share of AGI
$1 to under $10,000 -13.6
$10,000 to under $20,000 -11.5
$20,000 to under $30,000 -3.7
$30,000 to under $50,000 3.1
$50,000 to under $100,000 7.5
$100,000 to under $200,000 12
$200,000 to under $500,000 19.6
$500,000 to under $1,000,000 24
$1,000,000 to under $1,500,00 24.9
$1,500,000 to under $2,000,000 25.1
$2,000,000 to under $5,000,000 24.9
$5,000,000 to under $10,000,000 24.2
$10,000,000 or more 20.7

As the chart shows, the only folks paying nothing are the poor – and with the EITC, the govt actually pays them. I bet you’re noticing “Skip, look at the top two brackets – they are paying LESS – you LIE!”.  Er, no – and this is where the Dems pull the magic trick of demogoguing over the low-information voter:

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Obama Care is Coming, Obama Care is Coming…

obamacareThere’s a great article at American Thinker about what you should expect with the rising bureaucratic tide that is the Patient Affordable Care Act.  Read it.  Share it with a liberal and watch the veins pop out of their foreheads.  It is a very real world assessment of what we face.

For our purposes here, however, I wanted to post a snippet of the content, in the form of a list of taxes that are coming along side, that you can just heap on top of everything else bad that is in store for us in the coming months and years thanks to Democrats.

What you need to accept, regardless of what the screaming fairness harpies on the left try tell you, is that any and every tax the government imposes on so called big business, or declares as just making sure “they” pay their ‘fair share’ will find its way down to you as higher prices, fewer jobs, less access, or poorer service.   And that’s before the corruption and abuse, the scapegoating, and the very shocking fact that spending trillions a year to give insurance to a few million may allow you to claim they are “covered” but because of all the other factors that come with that, they’ll inevitably end up have to look harder and wait longer for even the most basic care, the quality of which will. inevitably. decline.

The abbreviated list of new taxes is on the jump, some of them related to Obama Care, others are just the product of the negative side effects of Democrat rule, but all of them are coming…soon, and what you need to ask is–what will this do to both health care and a struggling economy?

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The real cost of Obamacare – one individual’s lament at being hurt, not helped

Emphasis mine – and I thought that “Progressive Government” is supposed to solve problems – not make things worse?  It’s like I have said for years: The Bigger the Government, the smaller the citizen.  In this case, my friend sees himself getting smaller thanks to Government decisions “for him”. Skip, The numbers were posted yesterday. … Read more

Which Tax Lotto

smoking - what about the tobacco taxes in New HampshireNew Hampshire House Democrats are going to raise taxes and fees, the real fun is which one first and how soon?

My money is on the tobacco tax and I’d be suprised if it didn’t hit the committee table on the first day of the first session and find it’s way to the House floor in record time. Given the somewhat spinless make-up of the Republican caucus in the State Senate, I could not guarantee that it wont just flush through that chamber like s**t through a goose and come out the other side with Maggie Hassan’s signature on it.

The end result will be fewer sales of cigarettes and tobbaco products in New Hampshire.  That’s what happened the last time the Democrats raised the tobacco tax.  And if we need a cautionary tale to guide us on why this will happen again, we can look to the Peoples Republic of Denmark for help.

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Notice us up there, in the upper right corner?

Below is a map showing the “business tax climate” in all 50 states. The worst such states are in dark blue. The best states are shown in white. Notice that there’s not one “small business friendly” state in the entire northeast? Other than New Hampshire, that is! And notice that four of the worst 10 states for small business are … Read more

This is inspiring….

If you liked what the video above had to say, but have doubts about “sales tax vs. flat tax,” you may want to watch THIS VIDEO discussing the two, by Dan Mitchell of the Cato Institute. FYI.

Data Point – It’s the TOTAL tax burden, you ninnies (and not just the property tax)

When it comes to taxes paid, what really matters when getting down to brass tacks, is the total amount that is hoovered up by Government.  Once again, we see that NH does well indeed:

The top 10 states with the lowest tax burdens as a percentage of state income are as follows:

  1. Alaska, 7.0 percent
  2. South Dakota, 7.6 percent
  3. Tennessee, 7.7 percent
  4. Louisiana, 7.8 percent
  5. Wyoming, 7.8 percent
  6. Texas, 7.9 percent
  7. New Hampshire, 8.1 percent
  8. Alabama, 8.2 percent
  9. Nevada, 8.2 percent
  10. South Carolina, 8.4 percent

 The U.S. average state-local tax burden is 9.9 percent, according to the Tax Foundation, which translates into total state-local taxes paid per capita of $4,111, based on an average income of $41,146.

He!

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Maggie Hassan ‘Open’ to Higher Taxes

I heard this radio ad in my 12 year old air-fuel hybrid automobile, whilst engaging in drive-thru related commerce not mandated by the force of law (some of it outlawed in NY City), and thought…I need to share this. And after the resounding success from sharing the RGA ad about Hassan’s House, I feel compelled … Read more

Mitt Romney and The 57.9%

Democrats want to tax you so that they can then engage in state managed, centrally planned, charity.   Conservatives, Libertarians, and some Republicans object to this for more reasons than I can enumerate here but here is one example worth considering…

As the coercive power of the state will alone decide who is to have what, the only power worth having will be a share in the exercise of this directing power. There will be no economic or social questions that would not be political questions in the sense that their solution will depend exclusively on who wields the coercive power, on whose are the views that will prevail on all occasions.

-F. A. Hayek

Democrats want the government to decide.  And once they start, there is little that will not eventually fall under the gaze and control of the state.   And so, they feel very comfortable engaging in class warfare rhetoric to correct this problem, because taxes–to them–are the benchmark of other peoples charity (except their own, of course).   And they “do not approve,”  can not approve, of people engaging in charity the state does not control becasue most Americans give based on a set of values that Democrats do not share.

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Maggie Hassan Proud to be a Sponsor of That Tax

Maggie Hassan keeps saying we need to have a conversation about taxes.  We have them all the time.  The difference is that Democrats talk about raising them (hundreds of them), and Republicans talk about controlling or lowering them.  And then there are the conversations about taxes that slip out when you are least expecting them to.

We get just such an example from the September 19th Gubernatorial debate on business and the economy; when asked about RGGI, the Regional Greenhouse Gas initiative, Candidate Hassan said this…

I was proud to be a sponsor of that tax, eh, the energy efficiency program because it has saved businesses millions and millions of dollars and created over 400 jobs.

That’s a notable quote right there.

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