The experiment: how much tax do we really pay?
I decided to find out exactly what we pay in taxes. So for the month of September, I am going to track taxes in my budget software. Every single penny. That means the tax on groceries, restaurant taxes, ad valorem taxes, withholding from my gross pay, and even the gas tax per gallon when we fill up. I’ve heard it said that we work at least one day a week just to pay the government. I want to see if that holds true, or are paying more?
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The SWEET Act of 2014 Is Eerily Similar to the Sugar Act of 1764
On April 5, 1764, Parliament passed something called “The Sugar Act”, which, interestingly, had another name: “The American Revenue Act”. It was a modification of the 1733 Molasses Act, and it also affected other goods, such as wine and coffee. The Preamble to this Act states: “it is expedient that new provisions and regulations should be established for improving the revenue of this Kingdom … | Read More »
Should you pay the #obamacare tax? Crunch the numbers for yourself!
Here is a handy chart for individuals looking to calculate their Obamacare tax. I’m putting it up because there’s a bit of confusion out there over how much people can expect to be taxed. For example: the $95 or 1% rule is on taxable income, not total income. This means that you have to subtract $10K currently to determine how much the government will tax | Read More »
Durbin faces Senate challenge from Doug Truax
Durbin faces Senate challenge from Doug Truax After 17 years of Senator Dick Durbin (D-Ill.), Illinois will see a new conservative challenger – Doug Truax. Truax, a West point grad, has never run for office before. He founded Veritas Risk Services, LLC, a strategic risk consulting firm and currently serves as co-owner and managing partner. Truax claims Durbin’s policies have led to “economic stagnation” | Read More »
FCC Ends Phone Rate Gouging of Prisoners’ Families
Somewhere in the logic of sending people to prison, we lost the core principle that time behind bars should be spent dissuading the prisoner from committing new crimes and helping him make restitution to his victim and society. We veered from a justice system that put people in prison to pay their dues and learn their lesson to one in which our treatment of prisoners | Read More »
Rio Arriba County, New Mexico sends employees to progressive conference using taxpayer money
This week Lauren Reichelt is heading off with coworker Erika Martinez, the county’s public information officer, to the eighth annual four-day NetRoots Nation conference. The expense for the conference is cast on the back of taxpayers. Luaren Reichelt is the Rio Arriba County Director for Health and Human Resources who is also the Vice Chair of the Democrat Party of Rio Arriba County, a political | Read More »
, Daily Kos
, Social Media
Obamacare is a tax on employment.
Postulated: If you wish to see more of something, you subsidize it; if you wish to see less of something, you tax it. I assume that we are all on board with this, yes? – After all, this has been a major point used to justify sin taxes for, well, my entire life. In other words… “tax it out of existence” is a sentiment that | Read More »
Governor Cuomo and his “Double Taxation” Disaster
Governor Cuomo is on the list of presidential potentials for 2016. His positions on state and federal taxes need to be elucidated in case he becomes a major candidate in the next couple of years. For instance, Governor Cuomo lashed out against the recent federal proposal to eliminate the Federal tax deductions for state and local taxes. He calls this “double taxation” because it forces | Read More »
Professional wrestler calls out politician on Internet sales tax
That is by far the greatest headline I have ever written. You may not know the name “Glenn Jacobs.” He is very libertarian, having spoken on Lew Rockwell’s show a couple of times. Again, a name you may not know all that well, but that’s okay. If, however, you watch World Wrestling Entertainment, you are aware of the tag team champions, Team Hell No. Glenn | Read More »
“Fairness” Punishes Success
In another class-warfare move, The Hill reports on the latest Obama gimmick: his yet-to-be-released budget will include a cap on IRAs and other retirement accounts. Currently, there are no limitations on how much money can be in an IRA. The White House has a problem with that. The senior administration official said that wealthy taxpayers can currently “accumulate many millions of dollars in these accounts, | Read More »
Government, Culture and Freedom
At the very dawn of our republic, John Adams uttered a prophetic phrase that rings through time to the present age. “Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.” Often we who love small government forget that culture, that is, “We the People” are the one’s who shape our government first, not | Read More »
, declaration of independence
, Erick Erickson
, fiscal conservative
, John Adams
, Rick Santorum
, Ron Paul
, social conservative
, tea party
, Washington D.C.
Government Waste Illustrated by tax-funded IRS Star Trek ‘Parody’
A video which was created by the IRS to be part of their 2010 training conference illustrates well the government spending problem. Tens of thousands of dollars were spent on the following video which seems to accomplish nothing in the form of training: “The IRS recognizes and takes seriously our obligation to be good stewards of government resources and taxpayer dollars,” the agency said in | Read More »
, Star Trek
Your surprise ObamaCare taxes of the week
Wow, hey, whaddya know? Starting in 2014, your employer (and, by extension, you) will begin paying a fresh new $63 annual ObamaCare fee, to cover the extra cost of insuring other people’s pre-existing conditions. The Associated Press describes how this little “unexpected expense” popped out of recently unearthed regulations: The charge, buried in a recent regulation, works out to tens of millions of dollars for the | Read More »
Food Tax Around the Corner
It has come to my attention by a former Obama official that the Food & Drug Administration is set to release the much anticipated “food safety rule” tomorrow. If not tomorrow, then soon. Originally set for release in early 2012, this rule has been rumored by sources to run as long as 2,000 pages. The Administration intentionally withheld the rule in anticipation for the 2012 | Read More »
Poll: 26% want Senator Pat Roberts to run for re-election in 2014, and 48% want him to retire.
PART 2 OF 4. You can read Part 1 here. Important note: this poll was done in early December 2012, long before Kansas Senator Pat Roberts voted to increase taxes on 77% of households, to increase taxes on “more than 80 percent of households with incomes between $50,000 and $200,000,” to increase the death tax, to increase taxes by $41 for every $1 in spending cuts, when | Read More »