Tuesday, May 25, 2010

The 75% Tax Will Eat Us Alive

The phrase "tax freedom day" sounds like an oxymoron. To me, if there were any truth to it, unless it is January 1st of every year, there is no such thing as "tax freedom". OK, maybe January 31st to pay for the military and our national defense, but that is where I draw the line.

Everything else the government takes from us and spends is unconstitutional. I can't find one sentence where it says that I have to support and pay for someone else's cost of living. But this is what is happening with no end in sight.

In fact, things are getting out of control too. The government is like a drug addict, taking more and more from society to support it's habit and get it's drug fix. Eventually, the people are going to be tapped out. They are going to run out of people to rob.

The below link is from the tax foundation website, in which they report "tax freedom day". This is the number of days you spend working, to support our drug addict-like government. Of course, it isn't exact because they base it on a 365 day year and they count weekends. So if you work a 5 day work week, then "tax freedom day" is actually later in the year. I didn't recalculate what date this would be because it would be too depressing. To get an idea though, you can refer to the chart for your own state.
http://www.taxfoundation.org/taxfreedomday/
"Despite all these tax reductions, Americans will pay more taxes in 2010 than they will spend on food, clothing and shelter combined."

"Tax Freedom Day does not count the deficit even though deficits must eventually be financed. Since 1948, when Tax Freedom Day was first calculated, the difference between what governments are spending and what they're collecting has never been as great as during 2009 and 2010. If Americans were required to pay for all government spending this year, including the $1.3 trillion federal budget deficit, they would be working until May 17 before they had earned enough to pay their taxes—an additional 38 days of work. This May 17 date for a deficit-inclusive measure is the second latest since World War II. Only in 2009 was it later, when an unprecedented budget deficit of close to $1.5 trillion produced a deficit-inclusive date of May 21, fully 43 days later than Tax Freedom Day."

"Tax Freedom Day answers the basic question, 'What price is the nation paying for government?' An official government figure for total tax collections is divided by the nation's total income. The answer this year is that taxes will amount to 26.89 percent of our income, and the stretch of 99 days from January 1 to April 9 is 26.89 percent of the year. Income and tax data are then parsed out to the states, yielding 50 state-specific Tax Freedom Days."

We should all congratulate Obama the Superzero for having such high unprecedented deficits and achieving the latest tax freedom day since his Superzero role model FDR. And let's not forget "kudos" to making us spend more money on taxes than everything else, BEFORE we even start to pay off the deficit. I am sure you can all hardly wait before forfeiting more of your income over to the drug dealer, as he takes your money and gives it to someone else.

Despite what the likes of Soros and the other statists proclaim, the productive section of the economy, otherwise known as the private sector is shrinking, as the government grows. As you pay more of your money to the government, the more you pay, the more they take.
http://www.usatoday.com/money/economy/income/2010-05-24-income-shifts-from-private-sector_N.htm
The trend is not sustainable, says University of Michigan economist Donald Grimes. Reason: The federal government depends on private wages to generate income taxes to pay for its ever-more-expensive programs. Government-generated income is taxed at lower rates or not at all, he says. "This is really important," Grimes says.

Now that the sloths of government are getting their fill, they can sit around sleeping all day while you work to feed them. But as government grows, there are more and more sloths, and less worker bees.

So what is Obama the Superzero's decree from the Ratcave? Well, to tax the people more of course.
http://www.wnd.com/index.php?fa=PAGE.view&pageId=157885
"If President Obama repeals the Bush tax cuts and imposes a 20 percent value added tax, or VAT, on the U.S., Americans may be facing tax rates where more than half of everything earned is confiscated by the federal government in the form of income taxes."

"Add Social Security taxes and the tax burden quickly advances to more than 60 percent. Adding state property and income taxes to the burden, the amount government confiscates could be in the 75 percent range before Americans have a chance to vote Obama out of office in 2012, are Americans willing to be taxed 75 percent of every dollar earned?"

"In a five-day work week, will Americans be willing to work four days for the government?"

So this will continue until you have the "privilege" to pay approximately 75% of your pay to the government, and the government "allows" you to keep one day of your pay. How "generous". Another synonym for that would be communist or oppressed. But why mince words when we have Obama the Marxist in the White House.

Make no mistake. The 75% tax will eat us alive. When that happens, who will continue to feed the sloths? Will the sloths die off? No. The sloths will continue their feeding frenzy, despite gradually killing off it's prey, the poor worker bee. And if you thought you weren't being robbed enough with all of this, the statists have yet another trick up their sleeve, just to make sure you don't survive.

This CLASS(less) Act starts in 2011, when the government robs the people for this tax, and continues to do so for five years before anyone even can be considered eligible. In other words, the government takes your money and supposedly keeps it, before "giving you" any service. Would you pay for a dinner now that you may with permission be able to eat five years from now?
http://www.washingtontimes.com/news/2010/apr/01/robbing-peter-to-pay-pauls-health-care/
"Obamacare is a socialist law designed to take money from some Americans and use it to benefit others. The health care bill signed into law by President Obama is full of hidden time bombs. One costly provision buried in the lengthy reconciliation bill at the last minute has taxpayers covering long-term at-home care for the elderly. Through the so-called Community Living Assistance Services and Support Act (CLASS Act), Americans will find between $150 and $250 taken out of their paychecks each month to cover this program nobody knew about."

Not only is this "CLASS(less) Act" a ponzi scheme, along with social security, medicare, and Obamacare, but just like those programs, people who don't work don't pay anything, but continue to live free off of the rest of society.

Exactly what does all of this do for the average working American? This CLASS(less) Act is once more nail in the coffin of a free America to create a classless society, under a marxist oppressed regime. It makes people poorer, while the lazy, unproductive masses continue to sit on their duffs and get paid to do nothing.

It is all yet another redistribution of wealth scheme. Now it is time to mince words. The elections in November should be re-phrased as hunting season for sloths. May the best worker bees swarm the hive and win, and the devoured sloths become the stories of myths and legends around campfires in a future free America.

2 comments:

  1. We are where we are today because of how the Constitution was abandoned in 1913 by the most dangerous president in US history, Woodrow Wilson. In 1913 Wilson brought in both the central bank and the federal income tax which was created to grantee the interest payments that would be due the new bank. For those who don’t know, The Federal Reserve is neither Federal or a reserve, but is instead a private bank whose roots go back to Europe. The federal bank is owned by private stockholders, including China, Russia and Goldman Sachs. We are where we are today because Wilson, FDR and Teddy, the Progressive Trio, designed it to be so. It was no secret that they wanted the US to be more like Europe. Honestly, have you ever asked yourself why do we have to pay interest on our own currency? We didn’t before 1913. Wilson was quoted after the passage of these two entities that at last America could become a socialist country.
    `We are where we are today, paying endless taxes, losing our freedoms by the bucket full, exactly because in 1913 the citizens of this country didn’t rise up and stop this perversion of the Constitution and since then, we have lazily allowed it to deteriorate and crumble before our very eyes. And so, here we are, losing our freedoms and our incomes because we have failed to preserve the very document that would have prevented all of this in the first place. Frankly, we almost deserve it.
    Steven G. Taibbi

    ReplyDelete
  2. We are where we are today because of how the Constitution was abandoned in 1913 by the most dangerous president in US history, Woodrow Wilson. In 1913 Wilson brought in both the central bank and the federal income tax which was created to grantee the interest payments that would be due the new bank. For those who don’t know, The Federal Reserve is neither Federal or a reserve, but is instead a private bank whose roots go back to Europe. The federal bank is owned by private stockholders, including China, Russia and Goldman Sachs. We are where we are today because Wilson, FDR and Teddy, the Progressive Trio, designed it to be so. It was no secret that they wanted the US to be more like Europe. Honestly, have you ever asked yourself why do we have to pay interest on our own currency? We didn’t before 1913. Wilson was quoted after the passage of these two entities that at last America could become a socialist country.
    `We are where we are today, paying endless taxes, losing our freedoms by the bucket full, exactly because in 1913 the citizens of this country didn’t rise up and stop this perversion of the Constitution and since then, we have lazily allowed it to deteriorate and crumble before our very eyes. And so, here we are, losing our freedoms and our incomes because we have failed to preserve the very document that would have prevented all of this in the first place. Frankly, we almost deserve it.
    Steven G. Taibbi

    ReplyDelete