Thursday, April 16, 2009

Top Ten Lies When It Comes To Taxes

With the Tea Parties behind us and myself still on a euphoria high because of the success of my own tea party I still can't think about everything we did for this country. We exposed Obama for the fascists that he is, derided wasteful spending by wasting money on millions of tea bags, made goofy signs, and have probably filled up the missed connections pages on Craigs List!

But it also makes me think what this country was founded on. Many people will tell you it was founded on Judeo-Christian ideals, whatever those are. Don't listen to those lies. This nation was founded on the notion that we hate paying taxes. A bunch of rich well off people convinced those under them that taxes were to high and so we liberated ourselves from England. Kind of like yesterday but instead of fighting in a war we got to watch Glen Beck chat with Ted Nuggent which I guess in its own right is just as appalling as a war.

From what I get from the Tea Parties that were set up yesterday was that people don't like paying taxes. So when your house catches on fire don't bother calling the fire department. You might as well rip up your medicare card. The road getting to your house needs to be paved well forget about it. So stop paying taxes. All you people who hate Obama and his policies and talk about redistribution I hope when you get fired from your job you don't plan on using The Cobra health care plan that he has extended to you.

Anyways I thought I would post a Top Ten List of lies that have been perpetuated by mostly the republican party that I found from the website Crooks and Liars (go to their website for a more in depth analysis.

1. President Obama will raise taxes on small businesses.

Out of 34.7 million filers with business income on Schedules C, E or F, 479,000 filers fall into the top two brackets, according to an analysis of projected 2009 filings by the nonpartisan Tax Policy Center. The other 34.3 million - or 98.6% - would be unaffected by Obama's proposed rate hike.

2. The estate tax devastates small businesses and family farms.

As the Washington Post explained, under President Obama budget, 99.76% of estates would pay no taxes whatsoever:

3. 40% of Americans pay no taxes.

Republican conveniently ignore sales, excise and most of all, payroll taxes. Starting with the first dollar they earn, virtually all American workers pay the 6.2% Social Security tax (on income up to $97,000) and another 1.45% for Medicare.

4. Tax cuts always increase revenue.

The claim that tax cuts pay for themselves...is contradicted by the historical record," reported the Center on Budget and Policy Priorities, which showed that revenues grew twice as fast in the 1990s, when taxes were raised, than in the 1980s, when taxes were cut.

5. The GOP is the party of fiscal discipline.

the modern Republican Party from Reagan forward devastated the U.S. treasury, leaving mounting debt and hemorrhaging red ink for as far as the eye can see. As it turns out, U.S. national debt tripled under Ronald Reagan, only to double again under George W. Bush.

6. Ronald Reagan was the greatest tax cutter of all time.

Ultimately, Reagan was forced to raise taxes twice to avert financial catastrophe

7. FDR caused the Great Depression, or at least made it worse.

FDR slashed unemployment by more than half and largely restored industrial production and GDP growth even before the onset of World War II. Only when Roosevelt wavered in the face of conservative pressure in 1937 did his New Deal temporarily falter.

8. Obama's cap-and-trade plan will cost each American family $3,100 a year.

a carbon cap and trade program that would meet targets now being discussed in Congress to be over $3,000, but that is nearly 10 times the correct estimate which is approximately $340.

9. Obama's tax proposals will undermine charitable giving.

altruistic or religious motives outweigh tax-shelter considerations among such donors, and cite previous limitations placed on deductions for high earners that they say haven't hurt donations.

10. The rich pay too much in taxes already.

Bush tax cuts delivered a third of their total benefits to the wealthiest 1% of Americans. Those in the top 1% stashed an extra $45,000 a year. As a result, millionaires saw their after-tax incomes rise by 7.6%, while the gains for the middle quintile and bottom 20% of Americans were a paltry 2.3% and 0.4%, respectively.

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