Showing posts with label irs. Show all posts
Showing posts with label irs. Show all posts

Saturday, March 15, 2008

Taxes are the Tyranny of the Liberals, and they get caught up with them too

Taxes are all the rage these days. Actually, taxes have been all the rage for centuries. People from across the planet in just about every modern (and pre-modern) century have decried about taxes. From the high taxes and levies from ancient China to the unfair taxation that lead to the American Revolution, taxes have moved people to action in order to stop the tyranny


Well, now we have a new kind of tyranny One in which moved enough of our Founding Fathers to take action. But now we have a problem. We have high taxes again and this time the powers that be don't see a need to reduce them, change them or make them more fair and respectable.


In fact we have a significant number who think that we are not paying enough in taxes. But that is not where this post is going. We all know how taxes force millions of families to work harder and longer than they should just to make ends meet. Well, OK so there are other reasons for the current economic woes including people biting off more than they can chew economically.


But that is what happens when you build an economy on taxes and spending. The citizens take a cue from their government. Our government wants more money so it taxes us. They use that money to spend and spend and spend. In fact, our governments need for cash is so huge that they will take something that does not belong to them.


Our government will tax us on everything. And if we don't pay what they say we have to pay, then they can put us in jail, make us pay ridiculous penalties and fees and even take what belongs to us.



It seems that Aretha Franklin is about to lose her home to property taxes. Yes I know. She is not all that different from many other stars of history that have built up a huge sum in back taxes. Well not in this case. Reports indicate that the Queen of Soul could lose her $700,000 home for about$1,000 in back property taxes. And the reports go around the world which makes the US look like stupid over taxed imbeciles


Before you run off and say too bad for the rich, think about this. Your neighbor, your parents or grandparents, even you could lose your home for the same amount or less.


You pay for something with all your hard work. You spend thousands of dollars in maintenance, improvements, etc. Then a Sheriff Deputy shows up at your door one day and says for less than a months wages you will lose your home. The government is going to take it, auction it and let someone else have it for about the same amount you paid your lawyer to help you buy the place.


Come on, that makes no sense. It has nothing to do with the fact that she or you did not pay a few hundred dollars in taxes on your property. The fact is, government spend so much that they need your money no matter how they get it, they will get it.


So in reality, you own nothing. The government owns everything. Even after you pay for it and care for it and improve it, the government can still take it should you decide to or be unable to pay a few bucks in taxes in order to keep it.


You may think I am being a little alarmist but how many times have you heard about someone losing their car or collections or other possessions do to unpaid or back income taxes? This is just proof that even what you own, you really do not own.


I know that any government can get their money through other means but they chose to take peoples possessions. Possessions in which they worked hard to get. Your home is no different. You pay thousands of dollars over the years, maybe even a million or so after you pay all the interest and the government can just step in take it, and then kick you out? How fair is that for anyone? A $700,000 home for less than 2 grand?


This is the very thing that our Founding Fathers would not stand for. This is the sort of thing they would rail against and even take up arms. I am not saying we need to take up guns and take on our government. Indeed not.


We have the ability to vote for the people who will do what is fair and right. But if you keep voting for people who will tax the hell out of you and then take your stuff should you be unable to pay those taxes, then you deserve to lose your stuff.


Undoubtedly, Miss Franklin is a Democrat Liberal. So she is now reaping the rewards of her vote since Liberals tend to be the biggest tax and spend people in our nation. But no matter what party your candidate belongs to, you need to make them understand that this sort of tyranny will not be tolerated.


Your possessions are yours. You paid for them. Taxing them forever is not right, it is not moral and taking them for a fraction of their value is nothing short of steeling. You or I would be locked up for doing what the government is doing.


This election season we need to tell the politicians, it's my money and I should get to keep it.

Saturday, February 9, 2008

The Week End Report Feb 9 and 10

The Week End Report.


This is really disturbing. It seems Ohio is trampling on its own state constitution in order to keep Federal money flowing to its coffers. But the issue is that the cost of the new law would far outstrip any amount of money the state would be eligible for from the Fed, some law enforcement authorities say.


The controversy is so big that there are judges in some of Ohio's counties that refuse to enforce the law. They issue stays from their bench as cases reach their courtrooms. It also looks like there have been over 80 civil challenges to this new law since it too effect back on Jan 2, 2008.


It is a law rewritten in order to comply with the Federal Adam Walsh Child Safety Protection Act. This law in and of itself is a huge constitutional bug a boo. But Ohio is taking this law a step further. It seems that this law would also be retroactive. This means that if a deal was made prior to this law and you did what you were called to do under the old law, you can forget it. That deal would be thrown out, you would still be convicted under the old law but would now have to abide by the new law no matter what your previous deal was. It could mean that if you were a juvenile sex offender, you would have to register for life.


It could be that if you followed the law and bought a home in a “legal” area under the old law, you may be forced to move under the new law. It could mean that if you bought some porn, you could be arrested and convicted of pandering and then would have to have special license plates for you car, have to register as a sex offender and would be barred from living in many places in the state and would have to get permission before you could move out of the state. Just for buying some porn?


Even I have to agree with the ACLU on this one. Even some child protection groups are working with the ACLU to fight this law. Its ridiculous. It tramples on individual rights. It crushes the state constitution. It enacts retroactively and it slaps the US Constitution to the curb. This is a bad law period and its a threat to individual liberty in all states.


Read more about it here:

The Plain Dealer

The Guide

The Toledo Blade

The Chronicle-Telegram

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It looks like the Tax Rebate is a done deal. The main problem with this thing is that people who do not pay any taxes are getting a "rebate". Now that is like you walking into a Best Buy, picking up a rebate form for buying a big screen LCD TV and sending it in without ever buying the TV.


Its not a rebate, its a redistribution of wealth and you and I are all paying for it. Not to mention such a tactic is really unlikely to boost the economy. If it is a good idea to let the American people keep more of their money to keep the economy going now, why is not just plain good policy to let the American people keep more of their hard earned money all the time?


Find out if you qualify and how to qualify for this rebate. By the way, of course I am going to keep my rebate and probably invest it instead of spend it willy nilly.


CNN Money

IRS

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The housing slump. This is not a crisis. More than 95% of mortgages out there are being paid. So that means less than 5% are in some form of default. Now there are two ways to get out of this mess for that 5%. First, you bought the dang house now pay for it. Doesn't matter that you may have to give up lattes at Starbucks. Pay for the house. Whatever happened to personal honor and integrity when putting your signature on a note?

Second, you banks out there know what a mess you help create so why not buck up and go to the table and help those people in trouble. You will save yourself a lot of money in the end. You will protect your profits in the end. And you will keep the market from being flooded with empty homes which only drags down the value of all homes in that area. Think about it.

A bonus third. Keep the Fed out of it. They will only screw things up and make things worse. When was the last time the Fed was able to directly help a poor situation? Exactly, never. Let the market correct its mess. Don't bog down the industry with more regulation, how will that help? Stay out of it. Job growth is still there. Unemployment is still low. The economy is not in a recession or a tailspin so don't force it down the tubes. Let it be and it will work itself back to health in a few years.

In the mean time...people pay your bills. That will do more to help the economy than anything else the Fed can do.