Archive for the ‘Taxes’ Category

Ron Paul
Infowars.com
January 20, 2014

Supporters of warfare, welfare, and Wonder Woman cheered last week as Congress passed a one trillion dollar “omnibus” appropriation bill. This legislation funds the operations of government for the remainder of the fiscal year. Wonder Woman fans can cheer that buried in the bill was a $10,000 grant for a theater program to explore the comic book heroine.

That is just one of the many outrageous projects buried in this 1,582 page bill. The legislation gives the Department of Education more money to continue nationalizing education via “common core.” Also, despite new evidence of Obamacare’s failure emerging on an almost daily basis, the Omnibus bill does nothing to roll back this disastrous law.

Even though the Omnibus bill dramatically increases government spending, it passed with the support of many self-described “fiscal conservatives.” Those wondering why anyone who opposes increasing spending on programs like common core and Obamacare would vote for the bill, may find an answer in the fact that the legislation increases funding for the “Overseas Continuing Operations” — which is the official name for the war budget — for the first time since 2010. This $85 billion war budget contains $6 billion earmarked for projects benefiting Boeing, Lockheed-Martin, and other big defense contractors.

Ever since “sequestration” went into effect at the beginning of last year, the military-industrial complex’s congressional cheering session has complained that sequestration imposed “draconian cuts” on the Pentagon that will “decimate” our military — even though most of the “cuts” were actually reductions in the “projected rate of growth.” In fact, under sequestration, defense spending was to increase by 18 percent over ten years, as opposed to growing by 20 percent without sequestration.

Many of the defenders of increased war spending are opponents of welfare, but they are willing to set aside their opposition to increased welfare spending in order to increase warfare spending. They are supported in this position by the lobbyists for the military-industrial complex and the neoconservatives, whose continued influence on foreign policy is mystifying. After all, the neocons were the major promoters of the disastrous military intervention in Iraq.

While many neocons give lip service to limiting domestic spending, their main priority remains protecting high levels of military spending to maintain an interventionist foreign policy. The influence of the neocons provides intellectual justification for politicians to vote for ever-larger military budgets — and break the campaign promises to vote against increases in spending and debt.

Fortunately, in recent years more Americans have recognized that a constant defense of liberty requires opposing both war and welfare. Many of these Americans, especially the younger ones, have joined the intellectual and political movement in favor of limiting government in all areas. This movement presents the most serious challenge the bipartisan welfare-warfare consensus has faced in generations. Hopefully, the influence of this movement will lead to bipartisan deals cutting both welfare and warfare spending.

The question facing Americans is not whether Congress will ever cut spending. The question is will the spending be reduced in an orderly manner that avoids inflecting massive harm on those depending on government programs, or will spending be slashed in response to an economic crisis caused by ever-increasing levels of deficit spending. Because politicians are followers rather than leaders, it is ultimately up to the people what course we will take. This is why it is vital that those of us who understand the dangerous path we are currently on do all we can to expand the movement for liberty, peace, and prosperity.

Former Congressman Paul’s article first appeared at the-free-foundation.org, the temporary home for his weekly column until his personal web page is up and running.

 

This article was posted: Monday, January 20, 2014 at 9:43 am

“The opportunities for taxation, for policies, for control, for crony capitalism are just immense”

Mikael Thalen
Infowars.com
January 17, 2014

A world-renowned climate expert is speaking out against the government’s ridiculous and continued climate change hysteria.

Speaking in regards to Massachusetts’ new $50 million climate change proposal, MIT Professor Richard Lindzen, a leading figure in the climate change movement, pointed out the absurdity of blaming every weather event on global warming and climate change.

“The changes that have occurred due to global warning are too small to account for,” Lindzen told WBZ-TV. “It has nothing to do with global warming, it has to do with where we live.”

Although supporting the theory of man-made global warming, Lindzen admitted that rhetoric from the political class and green movement has been nothing more than over-the-top “catastrophism.”

“Even many of the people who are supportive of sounding the global warning alarm, back off from catastrophism,” Lindzen said. “It’s the politicians and the green movement that like to portray catastrophe.”

Even more surprising, Lindzen goes on to point out the government’s obvious use of climate change alarmism to push greater state control, even warning over politicians’ use of “crony capitalism.”

“Global warming, climate change, all these things are just a dream come true for politicians. The opportunities for taxation, for policies, for control, for crony capitalism are just immense, you can see their eyes bulge,” Lindzen said.

The growing number of failed predictions from alleged global warming experts has only cooled the public’s belief in recent months.

From 2007 to 2009, Al Gore hysterically warned that the North Pole would be completely “ice-free” by 2013. Instead, 2013 experienced record breaking cold and major growth in Arctic ice.

Similarly, Gore made desperate warnings over the danger of increased hurricanes during the same time period. Climate scientists had trouble explaining the record low hurricanes that followed soon after.

In his 1992 book “Earth in the Balance,” Gore went on to claim that global warming would soon wipe coastal areas of Florida off the map in as little as a few decades. Sea level statistics taken 18 years later revealed Gore’s predictions to be completely inaccurate.

White House Science Adviser John P. Holdren, who made failed predictions of global cooling in his 1977 book Ecoscience, blamed the recent “polar vortex” on global warming. Researchers soon uncovered a 1974 Time Magazine article where scientists claimed a cold polar vortex was the result of global cooling instead.

Climate change alarmists have become so crazed in their beliefs that some have attempted to equate skepticism with racism, claiming any denial of global warming is a “sickness” in need of “treatment.”

Unsurprisingly, major environmental issues such as the ongoing Fukushima nuclear disaster are completely ignored by Gore and company. Given the massive amount of money Gore has continued to make from generating climate fear, it seems unlikely that any real disaster unable to generate cash will receive proper attention.

This post originally appeared at Story Leak

 

This article was posted: Friday, January 17, 2014 at 4:00 pm

 

January 14, 2014 6:49 PM
 

DENVER (CBS4) – Two new bills were introduced on Tuesday that would waive the state sales tax on items for one weekend a year.

Only certain things would be tax free and that depends on which bill is passed.

Democrats introduced a bill that would exempt school supplies and clothes from the state sales tax. Republicans introduced a bill that would exempt guns and ammunition.

Jannifer Douglass is a single mom with four kids.

Back-to-school shopping for her is always pricy every year.

“Easily in the thousands of dollars when dealing with a family of four,” said Douglass.

The cost of school supplies is so steep, state lawmakers are now stepping in with legislation establishing a “tax holiday.”

“We want to make sure to give some tax relief, especially to our families sending kids back to school with lists two to three pages long. Costs keep going up,” said Democratic Rep. Dan Pabon.

Pabon is carrying the bill that would waive the state sales tax on all school supplies, clothes and sports equipment the first weekend in August.

“We need to focus on our working families’ need and want and this is it,” said Pabon.

Republican Rep. Clarice Navarro introduced a bill creating a tax holiday for guns.

“Unfortunately with the leg that came down last year, this is an issue, and in order to keep my small business in business, I think this very important,” said Navarro.

Both bills were introduced the same day with the tax holidays the same weekend.

“Completely unaware of his bill. Completely unaware that’s the same weekend as mine,” said Navarro.

Navarro said that weekend is the start of hunting season and that Coloradans need both tax holidays.

However Pabon doesn’t agree.

“I don’t see their budgeting for guns weapons purchases when folks can barely afford the pens and pencils on school supply lists,” said Pabon.

While the gun tax holiday doesn’t have limits, the school supply tax holiday does.

The first $75 of a piece of clothing and first $50 of any other school item would be tax free.

The state sales tax is 2.9 percent so it would be about $3 savings on every $100 spent.

According to Pabon, if the bill passes, municipalities will likely follow suit.

Twenty other states already have tax holidays.

 
By

Terry Miller
Jan. 13, 2014 8:05 p.m. ET
 

Regulation, taxes and debt knock the U.S. out of the world’s top 10.

 World economic freedom has reached record levels, according to the 2014 Index of Economic Freedom, released Tuesday by the Heritage Foundation and The Wall Street Journal. But after seven straight years of decline, the U.S. has dropped out of the top 10 most economically free countries.

For 20 years, the index has measured a nation’s commitment to free enterprise on a scale of 0 to 100 by evaluating 10 categories, including fiscal soundness, government size and property rights. These commitments have powerful effects: Countries achieving higher levels of economic freedom consistently and measurably outperform others in economic growth, long-term prosperity and social progress. Botswana, for example, has made gains through low tax rates and political stability.

 

Getty Images

Those losing freedom, on the other hand, risk economic stagnation, high unemployment and deteriorating social conditions. For instance, heavy-handed government intervention in Brazil’s economy continues to limit mobility and fuel a sense of injustice.

It’s not hard to see why the U.S. is losing ground. Even marginal tax rates exceeding 43% cannot finance runaway government spending, which has caused the national debt to skyrocket. The Obama administration continues to shackle entire sectors of the economy with regulation, including health care, finance and energy. The intervention impedes both personal freedom and national prosperity.

But as the U.S. economy languishes, many countries are leaping ahead, thanks to policies that enhance economic freedom—the same ones that made the U.S. economy the most powerful in the world. Governments in 114 countries have taken steps in the past year to increase the economic freedom of their citizens. Forty-three countries, from every part of the world, have now reached their highest economic freedom ranking in the index’s history.

Hong Kong continues to dominate the list, followed by Singapore, Australia, Switzerland, New Zealand and Canada. These are the only countries to earn the index’s “economically free” designation. Mauritius earned top honors among African countries and Chile excelled in Latin America. Despite the turmoil in the Middle East, several Gulf states, led by Bahrain, earned designation as “mostly free.”

A realignment is under way in Europe, according to the index’s findings. Eighteen European nations, including Germany, Sweden, Georgia and Poland, have reached new highs in economic freedom. By contrast, five others—Greece, Italy, France, Cyprus and the United Kingdom—registered scores lower than they received when the index started two decades ago.

The most improved players are in Eastern Europe, including Estonia, Lithuania and the Czech Republic. These countries have gained the most economic freedom over the past two decades. And it’s no surprise: Those who have lived under communism have no trouble recognizing the benefits of a free-market system. But countries that have experimented with milder forms of socialism, such as Sweden, Denmark and Canada, also have made impressive moves toward greater economic freedom, with gains near 10 points or higher on the index scale. Sweden, for instance, is now ranked 20th out of 178 countries, up from 34th out of 140 countries in 1996.

The U.S. and the U.K, historically champions of free enterprise, have suffered the most pronounced declines. Both countries now fall in the “mostly free” category. Some of the worst performers are in Latin America, particularly Venezuela, Argentina, Ecuador and Bolivia. All are governed by crony-populist regimes pushing policies that have made property rights less secure, spending unsustainable and inflation evermore threatening.

Despite financial crises and recessions, the global economy has expanded by nearly 70% in 20 years, to $54 trillion in 2012 from $32 trillion in 1993. Hundreds of millions of people have left grinding poverty behind as their economies have become freer. But it is an appalling, avoidable human tragedy how many of the world’s peoples remain unfree—and poor.

The record of increasing economic freedom elsewhere makes it inexcusable that a country like the U.S. continues to pursue policies antithetical to its own growth, while wielding its influence to encourage other countries to chart the same disastrous course. The 2014 Index of Economic Freedom documents a world-wide race to enhance economic opportunity through greater freedom—and this year’s index demonstrates that the U.S. needs a drastic change in direction.

 

 

Mr. Miller is the director of the Center for International Trade and Economics at the Heritage Foundation.

 

Think Cyprus

Kurt Nimmo
Infowars.com
December 13, 2013

Old fashioned taxation is out. Expect outright grand larceny at the local bank enforced by the government.

Old fashioned taxation is out. Expect outright grand larceny at the local bank enforced by the government.

Romain Hatcheul’s largely passed over article on the Wall Street Journal’s website was revisited yesterday by Simon Black over at the Sovereign Man blog. Black spells out the latest IMF scheme to steal wealth from the producers and enslave billions of people: a taxation rate over 70 percent.

“The IMF’s team of monkeys has been working around the clock on this one, figuring that developed nations can increase their overall tax revenue by increasing tax rates,” Black writes. “They’ve singled out the US, suggesting that the US government could maximize its tax revenue by increasing tax brackets to as high as 71%.”

Black notes that the latest criminal plot by the “grand wizards of the global financial system” is telling. It “might be the clearest sign yet that the whole house of cards is dangerously close to being swept away.”

Can a person still be considered “free” when 71% of what s/he earns is taken away at the point of a gun by a bankrupt, bullying government? Or are you merely a serf then, existing only to feed the system?

Hatcheul explains that taxation schemes like the one cooked up by France’s socialist government – a 75% tax on income above one million euros – will not produce the result desired: the wealthy will avoid taxation, as French actor Gérard Depardieu did when he turned over his passport and became a tax exile. French billionaire Bernard Arnault applied for Belgian nationality in response to socialist thievery and penned a piece titled: If U.S. Had 75% Tax Rate, You’d Leave Too.

Hatcheul:

Of course these measures won’t return the world’s top economies to sustainable levels of debt. That could be achieved only through significant economic growth (the good way) or, as the IMF puts it, “by repudiating public debt or inflating it away” (the bad way). In October the IMF floated a bold idea that didn’t get the attention it deserved: lowering sovereign debt levels through a one-off tax on private wealth.

Think Cyprus.

The IMF is suggesting government should go into your bank account and clip what it deems appropriate and give it to the bankers. Hatcheul says the internationalist loan sharking operation is looking at 10 percent of bank held savings.

“From New York to London, Paris and beyond, powerful economic players are deciding that with an ever-deteriorating global fiscal outlook, conventional levels and methods of taxation will no longer suffice,” he writes. “That makes weapons of mass wealth destruction – such as the IMF’s one-off capital levy, Cyprus’s bank deposit confiscation, or outright sovereign defaults – likelier by the day.”

Old fashioned taxation is out. Expect outright grand larceny at the local bank enforced by the government.

Even if this highway robbery is limited to a few million rich people – and it won’t be, only a large and unprecedented fleecing will satiate the thieves – we can expect the economic results to be significant.

Stealing from producers who create wealth and prosperity will result in lower standards of living for all except the mega-rich who, of course, never pay a dime in taxes (and the really insidious ones employ government to steal even more from you to pay for their monopolistic enterprises and cover their financial market gambling loses).

The latest IMF scheme is the result of a century of brainwashing that insists taxation is part of a social contract between individuals and government. The internationalist banksters now insist we no longer have use for the social contract concept. In order to prop up a corrupt financial system, outright robbery will be required.

This is part of the reason we have a militarized panopticon police state in place. Burglars usually arrive armed and will easily resort to violence if their plans are challenged or resisted.

 

This article was posted: Friday, December 13, 2013 at 7:38 am

Posted: Dec 11, 2013 8:21 AM MST Updated: Dec 11, 2013 8:54 AM MST

By Ronica Cleary, @ChasingRonica
 
 

Oakridge, New Jersey (My9NJ) – There have been many taxes put in place to help fund Obamacare that are rarely discussed in the media.

Michael Studnick, a certified public accountant with Studnick & Associates in Oakridge, New Jersey explained some of the new taxes placed on earned and unearned income.

The new earned income tax to help fund Obamacare is 0.9%. This tax will be placed on any income earned over $200K for those who are single and any income earned over $250K for those who are married and filing jointly.

The new unearned income tax is more complicated. Your modified adjusted income over $200K if you’re single and over $250K if you’re married and filing jointly, will be compared to your unearned income. The lesser of the two will be taxed at 3.8%.

Studnick says it’s important to understand these taxes and how they work.

“That way there’s no surprises when you go to file your tax return and now you have an extra 3.8 or 0.9% tax to pay,” Studnick says.

A CPA can help you build tax strategies to prepare for these new taxes you may face.

Remarkable video shows cops in display of solidarity with fellow countrymen

Paul Joseph Watson
Infowars.com
December 10, 2013

A remarkable video shows Italian riot police removing their helmets in solidarity with anti-EU demonstrators in Turin who are protesting against the state of the economy, the single currency and fuel prices.

The demonstrators are an eclectic amalgamation of Italians, from truckers to students. The origin of the protests stems from the ‘Pitchfork Movement’, which began as a group of Sicilian farmers pushing for government reforms but grew into a nationwide revolt against banks, the Italian tax collection agency Equitalia, the European Union, and the Socialist-backed minority government, which is moving to privatize higher education.

“Many share the protesters’ anger and at one point police officers in Turin took off their helmets, in a show of solidarity,” reports Euronews.

“We farmers are on the streets to say ‘Enough!’ to the state, the government, the unions. We just can’t manage anymore,” Giorgio Bissoli, spokesman for the Azione Rurale protest group in the Veneto region told Canale 5 television, adding, “Our main priority is that they all have to go!”

Discontent over fuel prices, globalization and the European Union’s draconian austerity measures are also expected to lead to a huge anti-EU backlash in next year’s European parliamentary elections.

According to a flyer being handed out by the protesters, they represent, “the unemployed, casual workers, pensioners, workers in every sector, students, mothers and fathers,” who see it as their duty “to throw out the criminals who hold power.”

The movement doesn’t appear to have any partisan political identity and represents a populist uprising against policies that have devastated Italy’s economy.

Italian youth unemployment is over 40 per cent as the country remains embroiled in a deep recession. A staggering 134 retail outlets in Italy are closed every day and business failures are up 10 per cent since last year alone.

Police removing their riot gear and joining with protesters is slowly turning into a refreshing social trend. Last week, Thai police who were ordered to harass demonstrators chose instead to lay down their shields and helmets.

On a historical scale, police joining in solidarity with demonstrators is often a pre-cursor to massive social change, such as before the fall of the Berlin Wall or the removal of Romanian dictator Nicolae Ceausescu.

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Paul Joseph Watson is the editor and writer for Infowars.com and Prison Planet.com. He is the author of Order Out Of Chaos. Watson is also a host for Infowars Nightly News.