Archive for July, 2010

Various Goodness:

Here’s one of the best mark-ups on how the coming healtchare legislation is going to impact you and I, the middle class:

http://endoftheamericandream.com/archives/the-health-care-bill-is-great-for-american-taxpayers-if-you-like-being-punched-in-the-groin

Also, here’s a mark-up on how 2011 will be the year of increased taxes:

http://theeconomiccollapseblog.com/archives/2011-the-year-of-the-tax-increase
Here’s a short list from the article:

1 – The lowest bracket for the personal income tax is going to increase from 10 percent to 15 percent.

2 – The next lowest bracket for the personal income tax is going to increase from 25 percent to 28 percent.

3 – The 28 percent tax bracket is going to increase to 31 percent.

4 – The 33 percent tax bracket is going to increase to 36 percent.

5 – The 35 percent tax bracket is going to increase to 39.6 percent.

6 – In 2011, the death tax is scheduled to return.  So instead of paying zero percent, estates of $1 million or more are going to be

1 – The lowest bracket for the personal income tax is going to increase from 10 percent to 15 percent.

2 – The next lowest bracket for the personal income tax is going to increase from 25 percent to 28 percent.

3 – The 28 percent tax bracket is going to increase to 31 percent.

4 – The 33 percent tax bracket is going to increase to 36 percent.

5 – The 35 percent tax bracket is going to increase to 39.6 percent.

6 – In 2011, the death tax is scheduled to return.  So instead of paying zero percent, estates of $1 million or more are going to be taxed at a rate of 55 percent.

7 – The capital gains tax is going to increase from 15 percent to 20 percent.

8 – The tax on dividends is going to increase from 15 percent to 39.6 percent.

9 – The “marriage penalty” is also scheduled to be reinstated in 2011.

It is being estimated that the total cost of these tax increases to U.S. taxpayers will be $2.6 trillion through the year 2020.

taxed at a rate of 55 percent.

7 – The capital gains tax is going to increase from 15 percent to 20 percent.

8 – The tax on dividends is going to increase from 15 percent to 39.6 percent.

9 – The “marriage penalty” is also scheduled to be reinstated in 2011.

It is being estimated that the total cost of these tax increases to U.S. taxpayers will be $2.6 trillion through the year 2020.

Finally:

4 New Things You Can Blame on Man-Made Warming:

–Al Gore acting poodle-ish.  “I get’s hot and I start losing control of my faculties and whatnots.” (Said in my best Al Gore voice)

–The recession.  Yes, you’ve caused it by drinking bottled water and driving to pick up your child yesterday from ballet when you should have walked.  Now we’re all jobless.  Thanks bunches.

–Energy Drink addiction.  It’s bad.  It’s really, really bad.

–A thirty-fold increase of belly-button lent. (Remember to recycle)


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Tuesday, July 27th, 2010 Fed Up's Blog No Comments

The “Hey, It Could be Worse Tour.”

This week President Obama is starting his tour to get his message out to the public in what his administration hopes will bring up his numbers.  His plan? To blame others.  He’s going to do what he does best: talk.  Talking got him elected and talking got him through the first year but now hopefully the public are over being enamored with this car salesman.

“So Obama tells voters every chance he gets that things would be a lot worse if not for the stimulus bill and other steps he took. At least the recession never became a depression, the president says.” from an AP article regarding President Obama’s victory tour.  I wonder if this is what prisoners tell each other in North Korean political prisons, “Things could be worse–we could have been flogged today with vuvuzelas!” Things could be worse?  I could have woken up this morning with my kidneys missing while sitting in a bathtub filled with ice in some strange motel I guess.  So maybe I should vote Democrat?

America was promised many things, and President Obama has chosen to wipe away these promises like some type of dream we had.  They promised to get unemployment below 8 percent.  It’s been pretty much the opposite of that.  We were told that the stimulus programs would have tangible results  but this was also a lie, a spoon fed lie they are now trying to cover up.   And also, another big doozie in the heap of goods we were sold: we were told that this administration had added millions of jobs.  And unless this job-force was specializing in invisible people, then we were lied to again.

So when he speaks on your television program of choice over the next couple of weeks, do me a favor: turn down the sound of what he’s saying, the doublespeak, and think about real, tangible results.  There have been none.  In fact, a simple argument can be made that he has hurt the comeback. Because America always bounces back, unless it is trying to be Europe.

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Monday, July 26th, 2010 Fed Up's Blog No Comments

An Update on Small Businesses

800px-Biden_ObamaGreat editorial  from the Washington Examiner.  Click the text below for link.  It raises some serious questions:

On small businesses: “Economic recovery cannot occur without them.”


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Sunday, July 25th, 2010 Fed Up's Blog No Comments

Dems Need to Step Out from Behind the Curtain

“Businesses are sitting on more than a trillion dollars of cash waiting to be invested,” wrote the 10 Republicans on the Senate Finance panel in a letter to the chairman released Thursday. “Until businesses and consumers can be confident that their taxes won’t rise next year, they will continue to refrain from investing, job growth will be stagnant, and as a result consumer spending will remain subdued,”

That quote above is from a group of Republicans in Washington who want the Dems to stop hiding their intentions and let the people know what’s at stake tax-wise, at least for 2011.  Will the Bush tax-cuts be dropped, causing a taxation increase for businesses and the middle class?  No one knows yet, but most believe that they will, considering the giant money-pit the feds have fallen in the last two years.

Which will be an increase of taxes, something President Obama promised us would not happen.

Other things from this week:

In case you’ve forgotten, liberals are really confused and scary people. To wit: A New York Times Editorial explains how Google must allow the government into their operations for the good of man and Big Brother:

http://www.nytimes.com/2010/07/15/opinion/15thu3.html

And in case you don’t want to add to the NY Times web counter, here’s the best, and by best I mean saddest and liberty draining, quote from the article: “Some early suggestions for how to accomplish this (regulation) include having Google explain with some specified level of detail the editorial policy that guides its tweaks. Another would be to give some government commission the power to look at those tweaks.”

If liberals see something a private company/citizen has they get all excited about the government taking over, not unlike double rainbow guy: http://www.youtube.com/watch?v=dYV5nM6iQVY

Lastly, on Tuesday’s Late Late Show with Craig Ferguson, during a bit about answering email questions from all across the country, Craig was asked if a person should have a surgery performed (an unexplained surgery) even though it would take away from that person’s liberty.  Craig got serious, an awkward serious for such a silly show, and looked in the camera and said: “Apathy is the only thing that can take away your liberty.”

Amen.


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Saturday, July 17th, 2010 Fed Up's Blog No Comments

Hodge Podge of Taxiness:

New York State is bankrupt and this is forcing representatives to do two things: either dig in their heals and refuse to cut services or become fiscal conservatives, at least for a time, when faced with such a reality. 

Governor Patterson, who in the past was trying to take, at least in part, a fiscally conservative approach, is now giving in to the democratic machinery and will be raising taxes on an already over-taxed constituency which will drive more people out of a state which is already losing income and taxpayers at a concerning rate. 

Governor Patterson seems like a person who is trying to be all things to all people, while lauding a hopeful increase in sales taxes and cigarette taxes recently to praising New Jersey for their tax cap today; he seems to be of a confused fiscal identity. 

Speaking of New Jersey, today they put a cap on property taxes.  There will now be a two percent annual limit to how much property taxes can be raised.  It’s not enough, but it’s a start.  From the New York Times:

 http://www.nytimes.com/2010/07/13/nyregion/13taxes.html?_r=1&ref=nyregion

Statewide, property taxes rose about 70 percent over the last decade, and New Jersey has the highest in the country: more than $2,600 per person. In public opinion polls, property taxes often top the list of state residents’ concerns.

So this is a great step for New Jersey residents in protecting their private property from liberals and unions.  It would be great to see this law and attitude implemented nation wide. 

Finally, for those of you have not gotten your Exempt from new taxes Obama Card from Americans for Tax Reform need to pick it up here, https://www.atr.org/card.html


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Tuesday, July 13th, 2010 Fed Up's Blog 1 Comment

Death by Taxation:

Great article about the reinstatement of the estate tax coming soon to a bank account near you–click on the text below for the WSJ article:

“the largest increase in a major tax that we’ve ever seen,”


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Monday, July 12th, 2010 Fed Up's Blog No Comments