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| | #1 | ||||
| Full Of Heady Goodness gilligan is Offline Join Date: Nov 2005
Posts: 13,288
MIIDAJ? Scrill: 466,162
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | It's your money, don't let them take it without a fight Governments in the United States take approximately 40 percent of the country's total income in taxes. In other words, nearly half of all the income generated each year is sent to governments to spend. The good news is that a growing number of people pay no federal taxes at all. According to a recent Tax Foundation report, 29 million people had no federal income tax liability in 2000, and the number was expected to reach 44 million in 2004. The bad news is that people who do pay taxes much pay more to make up for those who pay nothing. Writes Daniel Mitchell at the Heritage Foundation, "According to data from the Internal Revenue Service, the top 1 percent of income earners pay nearly 35 percent of the income tax burden; the top 10 percent pay 65 percent; and the top 25 percent pay nearly 83 percent. The bottom 50 percent of income earners, on the other hand, pay barely 4 percent of income taxes." Federal income taxes are only a small portion of the taxes we pay. We also pay federal payroll taxes for Social Security and Medicare, state income taxes, state and local sales taxes, property taxes, death taxes and excise taxes. Except for excise taxes, these taxes fall most heavily on the most productive members of society. This doesn't make excise taxes better: They fall randomly and unfairly on people based on their habits and needs without regard to their ability to pay or their use of public services. The growth of government spending is what makes this tax burden necessary. The federal budget grew 14 percent in President Bush's first three years, with discretionary spending growing nearly 50 percent. The 2006 Bush budget would increase the Department of Education budget by 40 percent since 2001 and the Department of Commerce budget by 85 percent. Bush's 2006 budget was supposed to be an "austerity" budget that finally would rein in spending, but it started with a proposed 3.6 percent increase in federal spending and has taken wing from there. The energy and transportation bills signed by the president are budget busters, and the just-announced spending to "rebuild New Orleans" is likely to make 2006 another record-breaker. If government is too big, as Republicans love to chant, why is it growing larger and at a record pace with a Republican president and Republicans in control of both houses of Congress? Why did it grow at a slower rate when Bill Clinton was in the White House? Meanwhile, state governments have been indulging in their own spending orgy. Between 1990 and 2000, total state spending grew by a staggering $512 billion, or 89 percent. All of that new built-in spending is moving through today's budgets like a pig through a python, causing state politicians to cry about "budget cuts" even as they reap record revenue increases due to the reviving national economy. Voters need to hold to the fire the feet of elected officials, and especially Republicans who pretend to be pro-taxpayer. Officials who cut taxes and balance budgets need to be rewarded with success at the ballot box, and those who raise taxes and increase spending should be targeted by taxpayer groups and lose elections. Tax and expenditure limits, such as Colorado's Taxpayers' Bill of Rights, are a structural solution to the problem of too much spending during good economic times and tax hikes during bad times. (It limits government spending to growth in population and inflation and returns surpluses to taxpayers.) Efforts are under way across the country to adopt TABOR through referendums and initiative where they are allowed, or legislatively if not. Those efforts deserve everyone's support. Voters need to be far more aggressive in opposing excise taxes and so-called sin taxes. These taxes often pass by dividing the public -- pitting smokers against nonsmokers, beer drinkers against nondrinkers, tourists against residents, and so on. They are easily hidden from taxpayers, a good example being the Spanish-American War tax on telephone service. Privatization and outsourcing of government services are widespread, have been closely studied, and typically increase the quality of services provided while reducing spending. They need to be promoted and aggressively defended against attacks by public-sector labor unions and their allies on the left. It's easy to complain about taxes and then do nothing to lower them, but how free are you when governments take half or more of your income? Even serfs in the 16th and 17th centuries typically owed their feudal lords only a quarter of their crops and livestock, and often much less. Our forefathers fought a war for independence over taxes that were far lower than those we now pay without complaint. It's time we got up off our sofas and demanded real tax relief. http://www.suntimes.com/output/other...edt-ref10.html | ||||
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| | #2 |
| Hence, my self-loathing | Re: It's your money, don't let them take it without a fight Originally Posted by Gilligan
One of the reasons is that Clinton rode into office on a wave of prosperity. The Market was up, unemployment was down, there were a lot of "paper millionaires" walking around. People were working, entitlements were down, (and Clinton took all the credit, when in reality it was the Reagan years that led the country to it's hey day).
Clinton kept the money "in the bank" touting giant surpluses and a future of spending the never ending surpluses to create a Utopian society in the 21st Century. Alas he counted his chicken's, uh surpluses before they were in the bank. |
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| | #3 | ||||
| Full Of Heady Goodness gilligan is Offline Join Date: Nov 2005
Posts: 13,288
MIIDAJ? Scrill: 466,162
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() | Re: It's your money, don't let them take it without a fight ^^ thats right. people overlook facts and go on what he said. what sheep. | ||||
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| | #4 | ||||
| The Kook Luke is Offline Join Date: Nov 2005 Location: Roswell
Posts: 5,446
MIIDAJ? Scrill: 7,005
![]() ![]() ![]() ![]() ![]() ![]() | Re: It's your money, don't let them take it without a fight but clinton was such a ![]() | ||||
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| | #5 |
| shakedown street | Re: It's your money, don't let them take it without a fight Originally Posted by Luke
i concur
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| | #6 | ||||
| Amateur DancinJerrbears is Offline Join Date: May 2005 Location: Atlanta Ga
Posts: 453
MIIDAJ? Scrill: 5,515
![]() ![]() | Re: It's your money, don't let them take it without a fight fuck rebuilding new orleans... if they wanna do it let the fucking state government sell all their sock puppets back into slavery and do it with that | ||||
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| | #7 |
| Brofessor | Re: It's your money, don't let them take it without a fight fuck the IRS...the government...Demorepublicfucks... |
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| | #8 |
| Amateur | Re: It's your money, don't let them take it without a fight I'll read it later. |
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