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June 19, 2009

Dems Prepare Taxes for Launch Into Stratosphere

Remember when the Moonbat Messiah was promising repeatedly that he would cut taxes for 95% of Americans? Apparently, some actually believed him, and didn't have the decency to care what outrageous injustices were inflicted on the other 5%, who would be made to pay for BHO's extravagant socialist policies. But what goes around comes around. To the surprise of no one with an IQ above 80, Chairman Zero will be jacking taxes through the ceiling on all of us:

House Democrats have lots of potential targets for higher taxes as they aim to expand health care coverage to reach the roughly 50 million that experts say are uninsured.
Also under consideration are higher alcohol taxes, increases to the Medicare payroll tax and a value-added tax, a sort of national sales tax, of up to 1.5 percent or more.

A value-added tax would hit every American who buys or sells anything. Obama et al. are also thinking about a 10¢ per can tax on "sugary drinks," taxing employer-provided health insurance benefits, and of course, further looting "the rich," who need to have money to spend and invest if the economy is to recover.

If this sounds bad, wait until the cap and trade lunacy effectively results in massive energy taxes, which will also hurt each and every one of us, including the fools who voted this socialist regime into office.

On a tip from Sam.

Posted by Van Helsing at June 19, 2009 10:03 AM

Comments

But the Left would argue, as if pragmatically: let's see if it works.

And then it's too late.

Posted by: Kevin R at June 19, 2009 10:24 AM

"..."the rich," who need to have money to spend and invest if the economy is to recover."

Haven't you heard? People don't invest, they "speculate" and take "reckless risks". The State "invests".

Anyway, in addition to the tax increases mentioned above, look out for rules changes that will expand the application of various taxes. Most important to me, is the proposed expansion of the application of "payroll, social security, self-employment, FICA or whatever you want to call it" tax on all S-Corp income. that will be a big hit on small business, and it;s already been proposed in Rangel's previous tax bill that went nowhere because Bush was in office. And yes, Rangel will be writing our tax legislation.

Posted by: forest at June 19, 2009 10:27 AM

And if you think a VAT would stop at 1.5%, you're very very naive.

Posted by: Gregory of Yardale at June 19, 2009 10:30 AM

I GOT IT! I figured it out! Barak Obama is John Galt! He's going to stop the motor of the world.

Posted by: Eric at June 19, 2009 10:41 AM

I am actually in favor of a consumption tax, but only as a replacement for the income tax. It would get the deadbeats who pay no income tax to contribute more of their fair share. Flushing it down the sewer of government health care is not something I would support.

Posted by: Gregory of Yardale at June 19, 2009 10:47 AM

Flat Income Tax (all income) is fairest. No deductions other than a large up front deduction per person. Wouldnt even need to file a return if all you do is earn income from wages that are subject to withholding. Only people who earn income from investments would need to file. While some may avoid this by bartering (already do now for small odd jobs) its unlikely people in shoe factory and going to be paid in pairs of shoes the way Russians used to do after the collapse of the USSR.

Sales/consumption taxes? The lower levels consume all of their income whereas those in the upper incomes can consume overseas in tax friendly countries to avoid the sales tax then smuggle the stuff in aboard their yachts. Such taxes can also be avoided if people start bartering - this is a common tax avoidance strategy in Europe which has a huge underground economy.

Posted by: Anonymous at June 19, 2009 10:57 AM

How many times could the VAT be charged to commodities? Would it be a sales tax on retail only, or would it hit both raw materials and finished products?

Posted by: forest at June 19, 2009 11:13 AM

I am actually in favor of a consumption tax, but only as a replacement for the income tax.
Posted by: Gregory of Yardale at June 19, 2009 10:47 AM

I'm in favor of ending the Progressive Era's idea that government is to provide all kinds of services from Public Utilities to huge overseeing bureaucracies. Once the government is parred back to what it is supposed to be doing in Free country, then taxes aren't a problem. But it is the whole Progressive Era idea of government as a provider of services and the money that requires that has bankrupted California and is working it's magic on the rest of the country.

I'll get down off my soapbox now.

Posted by: Kevin R at June 19, 2009 11:28 AM

With you, Kevin R. I think we can all see now that the progressive approach to economics ... lavish salaries and benefits for public employees and illegal immigrants... has driven California to bankruptcy. Instead of taking a lesson from this, the progressives seem hell-bent on expanding their failed policies.

Posted by: Gregory of Yardale at June 19, 2009 12:36 PM

Hopey McChange is going to add NEW agencys to do the job of the old ones. BUT, since there are no plans for disbanding the OLD agencys, so WE will have to pay for BOTH.

Any Liberal want to criticise this?

I didn't think so.

Posted by: KHarn at June 19, 2009 12:41 PM

forest said: "How many times could the VAT be charged to commodities?"

VAT is the biggest scam on the planet next to anthropogenic global warming.

In (proper) theory, if the tax was 5% and the total cost of the item was $10, you would wind up paying a total of 50 cents in VAT taxes. The tax would be split up along the way and applied each time "value" was added in the form of an increase in the value above the cost of inputs.

In practice they tax it at full price at each stage. So if it was handled 5 times and sold at $1, $3, $5, $7, and finally $10 as it went from digging stuff out of the ground to a store shelf you would wind up paying on a gross taxable amount of $26 instead of the $10 actual value. Study Britain, the Phillipines, etc. for a real world view. It sucks.

Posted by: chuck in st paul at June 19, 2009 12:43 PM

Well, if you think 9.4% unemployment is bad and the few "small" bubble bursts we've had so far in credit and housing is bad... then "You ain't seen nothing yet." Unless people wake the heck up and start taking a stand, we're all doomed. I'd rather have Carter in office than this butthole.

Posted by: Tuari at June 19, 2009 5:34 PM

Sadly, I doubt this will resonate too much with Obama's base.

Why?

Because I don't think most of the people who voted for him, or shilled the "95% of Americans" tax cut nonsense ever believed in it.

It was just a meme they repeated in order to create a Big Lie that the progressive movement's chosen one wasn't economically unfriendly.

Leftists are by and large economic illiterates, to be sure - but I refuse to believe they're so dumb that they can't do the simple math needed to figure out that things like 'free' healthcare wouldn't be paid for by 'modest tax increases for the wealthiest 5%."

And if nothing else, leftist politics is zero-sum. They're happy to have less money - as long as people with more money are being hurt more than they are. They went into this with their eyes open and knew all along where it would end up.

Still though, there's a definite chance it'll open some eyes among swing voters when buying groceries and fuel takes up a bigger portion of their income, which is now smaller thanks to their health benefits being taxed.

So in conclusion, I guess the best we can hope for is that some of the swing voters who went blue did so because they were stupid, not actively evil like the left are.

Posted by: mandible claw at June 19, 2009 7:23 PM

Anon- "Sales/consumption taxes? The lower levels consume all of their income whereas those in the upper incomes can consume overseas in tax friendly countries to avoid the sales tax then smuggle the stuff in aboard their yachts."

Yes, comrade. The capitalist class-criminals all conspire to purchase bourgeois luxuries like bollinger champagne, and porsches, overseas, just to avoid tax on budweiser beer and saturns. If that weren't shocking enough, they use their despicable smuggling ring to get them into the country, hidden in their yachts. The bastards.

Anon- "Such taxes can also be avoided if people start bartering - this is a common tax avoidance strategy in Europe which has a huge underground economy."

Why do they do this? Why is the point-of-sale consumption tax, VAT and Goods and Service Tax so onerous? Because they are imposed on top of an already punitive Income Tax, instead of in place of an Income Tax. If people are needing to barter, in order to avoid sales tax, it is because a socialist government, (particularly the corrupt and inefficient EUSSR) are already bleeding it's subjects dry with Income tax, to support a centralized, Soviet command economy. The USA worked fine before the Income tax, with State sales taxes alone. No Income Tax means a hell of lot more money in people's pockets with which they can organize their own healthcare, pension, unemployment insurance etc.

Posted by: chairman soetoro's oprichniki at June 19, 2009 8:18 PM

Gregory of Yardale- ..."I think we can all see now that the progressive approach to economics ... lavish salaries and benefits for public employees and illegal immigrants... has driven California to bankruptcy. Instead of taking a lesson from this, the progressives seem hell-bent on expanding their failed policies."

The socialist won't abandon the Income Tax. It is a basic tenet of imposing communism. With a sales tax instead of Income tax, all those illegals will be actually paying tax, instead of avoiding it- coupled with the spigot of government handouts being turned off- Quelle horreur! They would have to fund their own welfare... and what of Mexico? Where would that leave Mexico without a remittance economy?

How could the CPUSA/Democrats ensure a patrone relationship with that voting bloc under such counter-revolutionary conditions?

Posted by: chairman soetoro's oprichniki at June 19, 2009 8:38 PM

TAX OUR INHALING,TAX OUR EXHALING,TAX OUR WALKING,TAX OUR RUNNING,TAX US FOR OUR THINKING,TAX US FOR OUR TIDDLIWINKS,TAX US FOR SWIMMING,TAX US FOR EATING,TAX US FOR DRINKING,TAX US FOR OUR BOOKS,TAX US FOR OUR GUNS,TAX US FOR OUR PICNICS,TAX US FOR EVERY MILE WE DRIVE,TAX US ON SUNNY DAYS,TAX US ON RAINY DAYS,TAX ON SNOWY DAYS,TAX OS FOR TORNADOS TAX US FROM CRADLE TO GRAVE THE WAY OF THE DEMACREEP PARTY

Posted by: SPURWING PLOVER at June 19, 2009 9:17 PM

I swear Gov. Jim Doyle (D(uh)-Wisconsin) and Obama are twins separated at birth. Like Obama, Doyle promised no new taxes but right now is raising the hospital tax, state income tax, capital gains tax, cigarette tax, garbage tax, electricity tax, and is in the process of creating a phone tax, oil tax, and digital download tax. And yet tax revenues continue to fall.

Posted by: baldeagle390 at June 20, 2009 4:44 AM

As far as PETA goes, they are nothing but hypocrites...crying over a stupid fly that our dickless president killed, yet they are okay with abortion? fuck them.....and this lousy president of ours better get impeached soon b4 we're all owned by China or Islam....
this picture is done in very poor taste....Guevara was a murderer....id have more respect for his grandaughter if she had these carrots shoved up her ass instead of using it as ammo....

Posted by: 1/2 Naked Patriot at June 20, 2009 5:44 AM

I heard abbout PETA oppistion to swatting flies and its stupid i mean PETA must be living in a weird world i just wonder what they would do if they got zappped by a horsefly. And alos dont forget flies are food for many kinds of birds and spiders and what ever like to eat them and if you remember the classic version of THE FLY with DAVID HEDISON and the spider bearing down on the human headed fly it was crying out PPPLLLEEEAASSSEE HHHHEEELLLPPP MMMMEEEE

Posted by: Flu-Bird at June 20, 2009 8:47 AM