Bush's tax laws hard at work ...
By Nicole Belle Friday Sep 14, 2007 5:02pm(Guest blogged by Bill W.)
... against people who have to actually work for a living. Got an email about this from TCS:
... At the end of the day, you can forget all the tax mumbo jumbo and look at the issue in more simple terms. People are paid a bonus - a cut of the profits - to manage a fund. It's really no different than the yearly bonus you get for laying pavement, answering the phone, or exceeding your sales goals, yet these are treated as income and taxed as such. Why should one type of bonus payment be treated differently?
Leona Helmsley: "We don't pay taxes. Only the little people pay taxes."
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the regressives love their culture war Soma carrot on a stick as they raise the poor and middle classes tax burden
Want to live like a Republican?
http://www.escapeartist.com/
December 2005
On September 26, 2005, Dubai opened the Dubai International Financial Exchange (DIFX)—and opened a world of opportunity for offshore investors.
The DIFX offers benefits such as…
• A zero tax rate on income and profits
• 100% foreign ownership
• No restrictions on foreign exchange or capital/profit repatriation
• World-class operational support and business continuity facilities
Sure, other offshore centers offer these things. However, Dubai has some extraordinary qualities that set it apart. It is a strong economic state and part of the United Arab Emirates. As such it cannot be pushed around by the Organization for Economic Cooperation and Development (OECD) and the European Union (EU) in the way that smaller offshore financial centers have been in the last few years.
Dubai offers a stable regime that is not subject to the EU savings tax directive, the OECD’s tax harmonization pressures or the increasing intrusions on financial privacy from the U.S. and others.
Dubai - The Jewel Of The Middle East
When you think of the Middle East, the first words that come to your mind might not be “business friendly” or “moderate” or “peaceful.” But all those words describe Dubai.
Dubai is part of the United Arab Emirates, a political union that was formed in 1971 when Abu Zaby, Ajman, Al Fujayrah, Ash Shariqah, Dubayy (Dubai), and Umm al Qaywayn merged. They were joined a year later by Ra’s al Khaymah. The UAE is a small nation nestled between Saudi Arabia and Oman, but oil wealth helped put its per capita GDP on par with Western Europe.
The far-sighted leaders of the UAE are not content to live and die on oil wealth—the country’s oil and gas are due to run out in about 10 years. So the government has been busy investing its current wealth in new wealth creation initiatives, with a goal of creating an environment for growth, progress and economic development. It’s already a success—oil and gas now contribute just 6% of economic output.
Having achieved one goal, the government is moving the goalposts. Now, the aim is for Dubai to become a successful onshore capital market that is designated as a sort of “offshore zone” in the hope of dominating financial services in the world’s biggest oil producing region.
http://www.escapeartist.com/efam/77/Investing_In_Dubai.html
This anyway to treat taxpayers?
26 minutes ago
WASHINGTON - Thousands of protesters marched Saturday from the White House to the Capitol to demand an end to the Iraq war, leading to the arrests of at least 150 people.
Many of the protesters were arrested without a struggle after they jumped over a barricade near the base of the Capitol. But some grew angry as police attempted to push them back using large black shields and a chemical spray. Protesters responded by throwing signs and chanting: "Shame on you."
The Imperial Storm Troopers
http://tinyurl.com/2jd2ga
http://tinyurl.com/38ghg2
L.A. Confidential @ 5:
Yes. That's one goddamn proud moment in American history.
Hey! By the way, did anyone notice that Supreme Self-Centered Asshole Joe Lieberman has re-registered as a Democrat in his new place of residence! Speaking of people with ZERO respect for the law of the land.
....and I will probably die and old man (hopefully) still amazed as to why the hell people vote for Republicans!
This trickle down economics is bullshit! It always has been bullshit but people still buy into it.
The general public can be so damn gullible sometimes it makes me want to cry!
Wess @ 8:
Voodoo Economics
Wess @ 8:
The reason they vote RepublicOn is because they don't want their tax dollars being used to help other people out. That pretty much sums it up. They would rather suffer then help out other people.
God forbid they miss one meal.
Listen, in recent times most Americans have supported those policies and
they have penalized politicians who have voted the other way.
The public gets what they ask for, gets what they deserve.
The public has voted for Republican presidents in 7 of the last 10 elections.
Clearly, the public likes this crap.
Sunday’s Breakfast Menu, Sept. 16
By Sarah Wheaton
Sunday talk shows.
Breakfast? Good gawd already lady.
http://thecaucus.blogs.nytimes.com/2007/09/15/sundays-breakfast-menu-sep...
Later
L.A. Confidential @ 3:
I've said it a thousand times before... I know where Cheney is going on 01/21/09. Dubai is like DisneyWorld, the Mall of America, MGM Studios, SeaWorld, the Edmonton Mall, AND Six Flags on steriods. It ain't a fucking mystery why Haliburton moved their HQ over there.
Personally, I wouldn't mind a flat tax rate... as long as it means that there is ABSO-FUCKING-LUTELY no loopholes for the rich to drive their freight trains of cash through. With the current tax laws, you raise the top income bracket to 100%, and they'll still manage to find some way to pay far less than 5%.
Got an IRS letter yesterday questioning my $600 child care credit in 2005. With fine and interest it's something like $900 -- except I don't owe it. I have the documentation that I spent well over the max countable $3K, and I'm in the 20% bracket for this calculation, and the $600 is just right. I can prove it definitively.
But what the hell are they doing messing with tiny shit like this anyway??? The chld care people have tax IDs provided etc. Couldn't be more legit all the way...
L.A. Confidential @ 10:
Little do they know that they are helping people out anyway. THE RICH PEOPLE!!
This can't be good...
Jumpy customers besiege crisis-hit British bank
A bank run?
http://www.reuters.com/article/ousiv/idUSL154823020070915
bb @ 18:
No shortage of wanna be tyrants in this world asking themselves. How do I find me a support base like Bushes?
Blue Buddha @ 16:
There you go. What the rich want is abolishment of the IRS, a flat tax paid for by "little people" and the united States to become the Defacto Tax Free Nation for the rich.
They won't repat their money until then.
President PNACcio @ 19:
At least they are paying attention. Wait till the sh*t hits the fan here.
It's not going to be pretty here in the States when people wake up one morning and learn their 401's, pensions, and homes are worthless.
I mean come on. Money is back by anything anymore but debt. Since Nixon got rid of the Gold Standard.
What Republican in their right mind would want to put their gold stash on the line?
Freaky stuff huh?
Oh here you go check this out. Have you noticed ever since The Dixie Chicks left country suddenly everyone else is moving in to country to cash in?
http://tinyurl.com/3bv5eu
It's like Bon Jovi is one of the hottest country crossover acts now.
WTF?
Every time you get a paycheck you have social security taxes withheld, but only after it's taxed as a part of your gross income. So you've paid the taxes on that income right? Wrong. After you retire your social security will be taxed again unless your are living at the absolute poverty level. There is no withholding from a social security check so you have to pay those taxes out of pocket. That's the IRS double dipping on the folks who can afford it least.
Looks like Leona Helmsley's dog got our tax money.
Only us little people pay taxes Leona, but everybody pays the grim reaper when it's time.
tubino @ 17:
Remember that $600
briberebate check that Bush pushed a few years ago in order to sell his tax cut? Yeah... he wants it back. Funny thing is, I and several of my friends got nastygrams from the IRS over 2005 taxes... mostly for petty shit too. I think they said that I still owed them $45 or something ridiculous like that.President PNACcio @ 19:
Huh... I was wondering why the pound dropped 2% the last two days against the USD.
L.A. Confidential @ 21:
Hey, if they want to hide all their assets offshore, then maybe they should have their citizenship revoked, and go live it up in a 3rd world backwater country. Sounds fair to me.
justabill @ 29:
He who dies with the most toys... still dies.
slippytoad @ 6:
Cyborgs: The Borg have arrived. "Resistance is futile." You will be assimliated. Cease and desist. OBEY.
L.A. Confidential @ 9:
Hey trickle down economics works, as long as the BIG governments pump hundreds of billions of $$$ into the banks for letting Wall-Streeters get rich all the sub-prime mortgages schemes, and all the spin-off services thereof-- taxpayer's hundreds of billions of $$$.
The U.S. National Debt Clock-- http://www.brillig.com/debt_clock/ --gives daily tallies. It finally went over $9 trillion.
Today: $9,019,531,424,639.64. Each and every citizen owes $29,767.77
Like rain, it evapourates from the taxpayer, goes up into the system, and a wee bit trickles down, back to you, the original payer.
Help with big numbers:
100 seconds = 1 2/3 minutes
1000 seconds = 16 2/3 minutes
10,000 seconds = 2 hours, 46 2/3 minutes
100,000 seconds = 1 day, 3 hours, 46 2/3 minutes
1 million seconds = 11.5 days (I'm rounding off from here on)
10 million seconds = 115.7 days
100 million seconds = 3 years, 2 months
1 billion seconds = 31 years, 8 months
10 billion seconds = 317 years
1 trillion seconds = 31,688 years
This is what happens when tax code runsamuck. The rich get richer and the poor gets poorer.
The reason is that this simulates the economy is bs.
Also remove the cap on Social Security taxes. The wealthy pay Social Security taxes on a small portion of their income while the working stiff pays it on every dollar he earns.
Eat the rich. I'll get the charcoal ready.
L.A. Confidential @ 5:
Ain't that a blip. They look as if they're armed better than our troops.
Carmikl @ 28:
Yep.
SImple solution: stop working. No income = no income taxes.
And people still wonder how communism and Bolsheivik revolutions get started ...
One question about Dubai...does it have extradition treaties so we can get those son of bitches to The Hague for their War Crimes Trials????
One fine day, people who volunteer to file an income tax return...
...and give 20% (or more) of their wages to the (bloated,unnacountable)federal govt.
...will be tried for aiding and abetting a known criminal organization.
Stop feeding the pig.
here is a man who stopped paying income tax 10 yrs ago
...jury verdict?
...not guilty!!!
watch this 4 minute video and learn the definition of "Income"
http://www.youtube.com/watch?v=l5Of8M1MZJQ
XuYu @ 41:
I work...and I make wages salaries tips...but I have no money that "comes in" therefore I have no "Income"
i gotta go out and get it!
The "Income" tax, ...is a tax being laid upon the manufacture, sale and consumption of commodities within the country, upon licenses to pursue certain occupations and upon corporate privileges". Flint vs Stone Tracy
So...XuYu let me rewrite that for you...correctly.
Simple solution:stop investing in corporations.No income=no income tax
I think it should work the other way.
Labor wages are actually compensation. One expends their life, in return for dollars. This is a net zero transaction. Bonuses and other things are actually income.
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