Posts tagged ‘taxes’

July 25, 2012

ABOUND SOLAR’S LACKEYS: 2 Letters From Colorado Congressional Democrats Begging For Taxpayer Cash

 

As The Colorado Observer reported this morning, all seven of Colorado’s Congressional Democrats sent a letter to President Obama’s Energy Secretary, Steven Chu, urging him to approve the Abound Solar loan. Below you’ll find a copy of that letter and Congressman Jared Polis’s earlier missive. 

In July 2010, Obama personally announced Abound Solar’s $400 million loan. In February 2012, Abound Solar halted production and laid off 70% of its staff. In June 2012, Abound Solar announced they were shutting down and filing for bankruptcy.   More…

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July 11, 2012

The UN Decides to Tax the US! Dick Morris

July 11, 2012

Breathtaking: Obama’s Second Term Tax Plans! Dick Morris

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July 3, 2012

20 Hidden Tax Hikes in Obamacare

The Obamacare law contains 20 new or higher taxes on American families and small businesses

Taxpayers are reminded that the president’s healthcare law is one of the largest tax increases in American history.

Obamacare contains 20 new or higher taxes on American families and small businesses.

Arranged by their respective effective dates, below is the total list of all $500 billion-plus in tax hikes (over the next ten years) in Obamacare, where to find them in the bill, and how much your taxes are scheduled to go up as of today:  More…

May 30, 2012

Send This To All the College Graduates You Know

Texas A&M Commencement Address – The students gave a standing ovation; the faculty were deathly silent!

speech is from a book Neal Bortz wrote in 1998, and NOT AN ACTUAL SPEECH HE recently gave at TEXAS A&M

 Neal Boortz is a Texan, a lawyer, a Texas Aggie (Texas A&M) graduate, and now a nationally syndicated talk show host from Atlanta . His commencement address to the graduates of a recent Texas A&M class is far different from what either the students or the faculty expected. Whether you agree or disagree, his views are certainly thought provoking.  More…

May 24, 2012

Law of the Sea, UN Collects Tax from US (video)

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May 21, 2012

Another Fake Debt Ceiling Fight On The Horizon?

May 19, 2012 By Taxpayers To Refuel Government Debt 1.2 Trillion More SC Another fake debt ceiling fight on the horizon?

I remember when I was a teenager and I was constantly borrowing money from my parents because it seemed that my lifestyle had become more than I could afford. I would beg, plead, tell tales of dire misery if I didn’t get the money, lie, say “oh I promise this will be the last time I ask”, and lastly, pout! Washington D.C. reminds me too much of myself as a teenager; only these people in Washington are supposed to be adults, aren’t they? Why is all of this important? My parents finally had to put a stop to the borrowing and teach me some hard lessons about money. The same thing is happening and needs to be done in our government.  More…

May 9, 2012

13 Investigates: IRS tax loophole

May 4, 2012

IRS tax loophole for illegal immigrants

May 3, 2012

Video: Social Security Vs. Private Retirement

May 2, 2012 By
 
Is Social Security a good retirement plan? Economics professor Antony Davies shows that Americans stand to earn significantly less and assume more risk with Social Security than other investment options.
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April 21, 2012

More Congressional Pressure Facing IRS over Tea Party Questions

Washington, DC Tea Party rally
ByJay Sekulow Filed in:/Free Speech 4:31 PM Apr. 17, 2012

Congressional concern continues to grow over tactics used by the IRS to target Tea Party groups across the country – tactics that can only be described as an effort to intimidate and silence these organizations in this election year.

We first reported on this last month, after it came to our attention that the IRS information and demands sent to local Tea Party groups around the country included probing questions that violate the free speech and freedom of association rights guaranteed by the First Amendment.  More…

April 19, 2012

Wanted: A Wise and Frugal Government

April 18, 2012 By Gary M. Galles

What drives domestic politics today is government income redistribution. It forms the core of virtually every fiscal battle, since every policy that gives some what they don’t pay for must be funded from others’ pockets.

That gets highlighted during income tax season. The lowest 40% of earners now pay negative federal income taxes as a group (largely due to the refundable Earned Income Tax Credit), and those earning moderate incomes pay relatively small amounts. That forces higher earners to shoulder essentially the entire income tax burden, as well as the future costs of massive deficits.  More…

April 15, 2012

If You Think The IRS Is Out Of Control…

April 14, 2012 By

Build It IRS Will Come SC If you think the IRS is out of control...

It’s tax time, and once again, we will be forced to knuckle under to our government’s demands. If you suspect there is plenty wrong with the current system, here are some facts to support your suspicions.

The U.S. tax code is now 3.8 million words long.  All of Shakespeare’s works are 900,000 words long.

According to the National Taxpayers Union, U.S. taxpayers spend more than 7.6 billion hours complying with federal tax requirements.  In 1937, two pages of instructions came with a Form 1040; today, 189 pages are necessary.

There have been 4,428 changes to the tax code in just the past 10 years.  More…

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March 17, 2012

New IRS licensing scheme challenged in major federal lawsuit

Provided by Brasscheck TV.

March 9, 2012

Tea Party senators unveil five-year plan to balance the budget

By Alexander Bolton – 03/08/12 02:16 PM ET

 Members of the Senate Tea Party Caucus on Thursday announed a plan to balance the budget in five years, cutting spending by nearly $11 trillion compared to President Obama’s budget.

The plan, dubbed “A Platform to Revitalize America,” is a wish list of conservative policies, none of which have any chance of passing the Democratic-controlled Senate or being signed into law by a liberal Democratic president.  More…

March 6, 2012

Geithner Is A Criminal! So How Is It He COULD Face Criminal Charges?

March 4, 2012

Obama Breaks Promises to Catholic Bishops

On February 5, 2012 Father Sammie Maletta delivered a Homily at St. John the Evangelist Parish in St. John, Indiana. This Homily addressed how President Obama is threatening our Religious Freedom and declaring war with the Catholic Church. Please take a few moments to listen. No one sums it up quite like Father Maletta.

March 2, 2012

Energy Will Be Obama’s Waterloo

By on 3.2.12 @ 6:09AM

And it will all be his doing — blaming Bush won’t cut it anymore.

When President Obama suggested last week that we might eventually be replacing oil with algae, Mark Whittington of Yahoo suggested that the President had reached his “lunar base moment.” It was an apt analogy. Just as Newt Gingrich’s musings about a moon colony finally made the public cock its head a little when listening to him, so the moment may have arrived when the environmentalism fantasies that inhabit the President’s brain will finally be exposed to the light of day.

As things stand now, $5 gas may shift the entire focus of the election onto energy and what the Administration’s faculty-lounge policies have been doing to America’s industrial base. To the public, “clean, green energy” will no longer be a dreamy vision of windmills and solar collectors but the hard reality of spending $100 to fill your tank. There’s one more thing as well. This will be the first issue in four years where President Obama won’t be able to cast reflexive blame on George Bush.

The President began his term with an Inaugural Address promise that “We will harness the sun and the winds and the soil to fuel our cars and run our factories.” He has kept that promise. Using the crowbar of the $1 trillion “stimulus,” the Administration has shoehorned much of the country’s energy investment into a Rube-Goldberg sector of the economy made up of the half-baked projects of armchair entrepreneurs plus the off-the-charts dreams of those wanting see the entire planet transformed into an environmental utopia.

Prompted by various federal and state government tax incentives plus market-obliterating “renewable mandates,” hundreds of square miles of mountain and prairie have been covered with 45-story windmills that look like the archaeological remnants of a previous race of 80-foot giants. These “wind farms” generally produce electricity that is essentially useless. When the wind blows, windmills can force other forms of generation out of the market because they are free of fuel costs. But those other forms of generation have to be kept running just in case the wind dies down. Last year when temperatures rose to 110 degrees in Texas, that state’s 7 percent “wind capacity” proved absolutely useless in the heat-induced doldrums.  Read More…

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February 29, 2012

WARNING: Country headed for ‘massive fiscal cliff’

Bernanke warns lawmakers country headed for ‘massive fiscal cliff’
By Peter Schroeder

Federal Reserve Chairman Ben Bernanke cautioned Congress against taking the nation over a “massive fiscal cliff” at the end of the year, asking lawmakers to come up with more gradual plans to implement major policy reforms.

The central bank head struck a nervous tone Wednesday about what the end of the year could hold for the fledgling economic recovery, given the slew of overhauls to taxes and spending set to occur if Congress does not step in.

“Under current law, on January 1, 2013, there’s going to be a massive fiscal cliff of large spending cuts and tax increases,” he told the House Financial Services Committee. “I hope that Congress will look at that and figure out ways to achieve the same long-run fiscal improvement without having it all happen at one date.”  Read the story here.

February 29, 2012

Overturn Eminent Domain Seizures Law

House votes to overturn Supreme Court decision on eminent domain

By Pete Kasperowicz – 02/28/12 05:19 PM ET
The House on Tuesday afternoon approved legislation that overturns a 2005 Supreme Court decision that affirmed the ability of states to take control of private property under the doctrine of eminent domain and hand it to another private developer.

That decision, Kelo v. City of New London, led to sharp complaints in particular from Republicans, who argued that the Court ignored the normal “public use” standard. Under that standard, eminent domain was seen as permissible only when the land or property taken would be retooled for public use.

But in the Kelocase, the city took non-blighted private property and gave it to a property developer, a move many said was a bid to expand the city’s tax revenues, and one that could erode private property protections.

 The Private Property Rights Protection act, H.R. 1443, would prevent states from using eminent domain over property to be used for economic development, and establish a private right of action for property owners if a state or local government violates the new rule. It would also limit federal funds to states in which property is taken in violation of the law.  More…

February 28, 2012

And So it Begins: IRS Targets Tea Party Groups for “Special Attention”!

February 27, 2012 by mutnodjmet13

Thank you Legal Insurrection, and welcome to friends of Professor Jacobson!!!

Dear Readers: SoCal Tax Revolt Coalition President Dawn Wildman emailed today, hoping to spread the word about Tea Party response to a spate of letters to local organizations from the Internal Revenue Service. Big Government provides some background: IS THE IRS ATTEMPTING TO INTIMIDATE LOCAL TEA PARTIES?  More…

February 28, 2012

THE POWER TO DESTROY

 

IRS intimidating tea parties?

Sends letters described as ‘Orwellian in nature’

(BIG GOVERNMENT) — In January and February of this year, the Internal Revenue Service began sending out letters to various local Tea Parties across the country. Mailed from the same Cincinnati, Ohio IRS office, these letters have reached Tea Parties in Virginia, Hawaii, Ohio, and Texas (we are hearing of more daily).

There are several common threads to these letters: all are requesting more information from these independent Tea Parties in regard to their nonprofit 501(c)(4) applications (for this type of nonprofit, donations are not deductible). While some of the requests are reasonable, much of them are strikingly onerous and, dare I say, Orwellian in nature.

What are local Tea Partiers to think with requests like “Please identify your volunteers” or “are there board members or officers who have run or will run for office (including relatives)”? What possible reason would the IRS have for Tea Parties to “name your donors” when said donations are non-deductible? These are just a few of the questions asked by the IRS in these letters, and one cannot help but suspect an intrinsic threat encompassing all these demands.  More…

February 28, 2012

IRS Coming Down on Tea Parties

 

February 27, 2012, 12:22 pm By
 
 
 

 

Logo, International Record Syndicate

Right Side News has reported on a disturbing request from the IRS that has been received by a number of tea party groups.

The IRS can doubtless defend it as I suspect they can and do ask such questions of any organization seeking or having 501c4 status. But they have requested an impossibly short turnaround time.

This action has doubtless been spurred by a letter sent to the IRS by a number of extreme leftist U.S. senators, although the letter is probably the pretext rather than the genesis of the action. In-other-words, it wouldn’t surprise me to learn that the administration has planned a large-scale assault on tea parties. If so they would ask for some kind of inquiry from the senators to wash their hands of it and make it appear legitimate.

Notice in the letter that the senators fail to identify any particular group. It would be telling to know if they have asked similar questions of an equal number of left-wing organizations and demanded similar turnaround. Of course leftwing C4 groups like CASA de Maryland’s CASA in Action would probably have gotten a long-lead heads-up from their allies in Congress and given their resources and familiarity with the non-profit world would have been able to prepare their responses well in advance.

Remember this is one large, organic, mass movement. While they appear independent, they all speak with the same voice. And it is a uniformly anti-American voice.  More…

February 28, 2012

Is the IRS Attempting to Intimidate Local Tea Parties?

Colleen Owens
by Colleen Owens

In January and February of this year, the Internal Revenue Service began sending out letters to various local Tea Parties across the country. Mailed from the same Cincinnati, Ohio IRS office, these letters have reached Tea Parties in Virginia, Hawaii, Ohio, and Texas (we are hearing of more daily). There are several common threads to these letters: all are requesting more information from these independent Tea Parties in regard to their nonprofit 501(c)(4) applications (for this type of nonprofit, donations are not deductible). While some of the requests are reasonable, much of them are strikingly onerous and, dare I say, Orwellian in nature.

What are local Tea Partiers to think with requests like “Please identify your volunteers” or “are there board members or officers who have run or will run for office (including relatives)”? What possible reason would the IRS have for Tea Parties to “name your donors” when said donations are non-deductible? These are just a few of the questions asked by the IRS in these letters, and one cannot help but suspect an intrinsic threat encompassing all these demands.  More…

February 8, 2012

Economic Chaos Ahead

 

Let’s think about the kind of mess that we’re in. Federal 2010 Medicare and Medicaid expenditures totaled $800 billion. The projected annual growth of both programs is about 7 percent. Social Security expenditures are more than $700 billion a year. According to the 2009 Social Security and Medicare trustees reports, by 2030, 49 percent of federal revenues will go for Social Security and Medicare payments. The unfunded liability of both programs is already $106 trillion.But not to worry. The Congressional Budget Office estimates that it’s possible to sustain today’s level of federal spending and even achieve a balanced budget. All that Congress would have to do is raise the lowest income tax bracket of 10 percent to 25 percent and the middle tax bracket of 25 percent to 66 percent and raise the 35 percent tax bracket to 92 percent. That’s a static vision that assumes that people will have no response and they’ll work just as hard and send more money to Washington. If Congress did legislate such tax increases, it would be the economic equivalent of committing national hara-kiri.

Professor Daniel Klein, editor of Econ Journal Watch, and Professor Tyler Cowen, general director of the Mercatus Center, both based at George Mason University, organized a symposium to promote a better understanding of the U.S. debt crisis. The symposium’s title, “U.S. Sovereign Debt Crisis: Tipping-Point Scenarios and Crash Dynamics” (http://econjwatch.org), is a strong hint about the seriousness of our nation’s plight.  More…

February 6, 2012

THE VOTE PUMP

Barack Obama will have ONE BILLION DOLLARS to spend on his re-election in 2012. Bill calls that chump change. Find out how the Big Government statists spent 22,000 times that amount on buying votes in 2011 alone!

February 6, 2012

History of the Income Tax

January 31, 2012

AutoBamaCare – Teachable Moments – FUNNY!

January 29, 2012

Sharpton just doesn’t get it

January 27, 2012

Taxes and Class Warfare

Digest

Friday, January 27, 2012

As the week wore on, we couldn’t help noticing a common theme: Mitt Romney’s taxes, Warren Buffett’s taxes, Warren Buffett’s secretary’s taxes. In fact, Barack Obama built his entire State of the Union address around envy, virtually declaring it the long-lost, ultimate American value and pointing to the aforementioned supposed tax disparity as proof. The tax code is indeed a glaringly obvious problem. It pits every constituency against the rest, and Leftists are especially adept at exploiting that to wage class warfare.  Read More