Category Archives: Taxes

Living the numbers…

Youth-UnemploymentRichard Clark, owner of Supreme Janitorial Services in Jacksonville was speaking on one of the weekend news programs Saturday, and described his company as the “proverbial poster child” for the impending disaster that is “Obamacare”. A typical small business owner about to be pummeled by the mandates, taxes and fines of the “Affordable” Care Act, was very candid about not being able to hire full-time workers because of the staggering costs associated with the President’s signature law. He went on to say the recent implementation “delay” was nothing more than a political stunt, fueling the uncertainty which any economist worth his paycheck would tell you is kryptonite to small business.

I watched that segment while digesting some of the jobs and growth data which came out at the end of the week, and I was struck by a couple of ironies. The unemployment rate remains a reflection of how the numbers are calculated, persistent “underemployment”, and a critically high youth unemployment number of about 16 percent. Moreover, those same numbers continue to drive the market as the “Fed stimulus” lives or dies by any fluctuation. Make no mistake, our economy is a shadow of its former being, sputtering on fumes in the tank of ideological foolishness. The notion that it is somehow showing “resilience” is unrealistic and a fools play to be sure. Repeal “Obamacare” now, and unchain our nations free market economy so “We the People” may have real recovery! This classroom experiment has failed…

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The Definition of Success…

BernankeandobamaLooking at some fresh numbers today, and as always I’m a little confused by the “Lame Stream Media” portrayal of our current economic posture. For starters, nearly 23 million households and 48 million individuals partake of the “Snap” (Supplemental Nutrition Assistance Program). Now these numbers in and of themselves expose the Obama Administration’s  claims of any “recovery” for what they are, carefully contrived deception (with the help of a complicit media), designed to instill a false sense of progress. I also looked at some video from the past week and heard even a few “Conservative” economists characterizing 175,000 jobs created as a “moderate” pace. Now putting aside the fact that number will likely be revised down in the coming week, the reality is that about 200,000 is more traditionally “moderate” in terms of job creation, with 300,000 a sign of true momentum.  I’m simply having a hard time understanding why we continue to revise reality for the sake of this Administrations’ efforts.

The hard truth is our economy remains a shell of its former being. Housing numbers are driven by unsustainable Fed rates propped up by monopoly money, with the DJIA hanging precariously on Bernanke’s every syllable. Companies large and small continue to hire part-time to offset the impending cost of Obamacare and crippling regulation. The class warfare gap has never been wider with more and more people receiving some form of government assistance. Local governments are literally going bankrupt, an unthinkable occurrence one never would have imagined in this country. And most regrettable, our focus is now compromised by the myriad of scandals plaguing President Obama’s second term. This is always what happens when we substitute flawed ideology in place of “truth and reason”.

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Ten Gallon Tax Expert…

Jim Hightower

I try and stay away from most Facebook debates as they tend to morph into ideological wars, leaving behind any productive and factual exchange of ideas. But recently I was compelled to investigate a post comment by a clearly Liberal individual regarding the IRS scandal, and how he felt these “Right Wing Groups” somehow got what they deserved. He cited an article by stalwart progressive Jim Hightower concerning what “he” believed was illegitimate application of the 501 (c) (4) tax status. Moving past the obvious bias of the author, I did read the article and was somewhat amused by it. Hightower refers to the many abuses of the C3 and C4 as if “Rush Limbaugh” wrote the classifications into the tax code himself. His continual references to “whining and notorious” political players like Rove and the Koch brothers made it clear there would be little substance contained in the rest of the article. Nevertheless, I read on and then decided to do a little of my own homework. Here’s what I discovered.

For starters, let’s look at the obvious. The U.S. Tax Code reads like a Bernie Madoff manifesto. Generations of smooth talking politicians and bureaucrats have manipulated the Constitutional basis for taxation, (the 16th Amendment etc…), into what in many ways resembles something which should be investigated under the organized crime statutes. In any event, after hours of perusing this categorized collection of fiscal injustice imposed upon a complacent citizenry over the last couple of hundred years, I narrowed my search and found a PDF file, readily available through our POTUS’s personal information gathering company, “Google”, http://www.irs.gov/pub/irs-tege/eotopicm95.pdf which basically tells us everything we need to know. There you will find fairly easy to understand criteria which one would have to meet in order to qualify for the exemption. Hey, what do you know? It appears the witnesses who testified freely before “The Ways and Means Committee” last week, and their respective initiatives, seem to fit right into those categories rather nicely, despite what some would have you believe.

irsoverhaul12Inevitably there will always be those (on both sides) of the political argument who misuse or misrepresent the tax code. Having said that, the notion or implication that these mostly “Average Joe” or “Tea Party Types” are somehow assaulting the American Taxpayer by seeking a particular exemption, is just another example of Liberals using, “the best defense is a good offense” strategy that they use quite often as a means to navigate around the facts. Moreover, when one looks closely at the number of organizations joining Mr. Rove’s on any list receiving the aforementioned exemption(s), one finds the ACLU, NAACP, AARP, DLA, The Humane Society, The “Colbert” Super Pac, and so on and so on…

All I’m trying to say here is that this is clearly a two-way street. But some folks and their efforts were certainly scrutinized far beyond what is acceptable, and in some cases what was legal. The fact that some fool doesn’t like the “Tea Party” or what they stand for should mean absolutely nothing in the grand scheme of things. Personally, I think the “Coalition to Stop Gun violence” is a sham which regularly spreads inaccurate data to further an un-Constitutional agenda. However, until the tax code says differently, they will continue to receive tax exempt status in compliance with the letter of the law. And one more thing, what do you think my “Facebook commenter” and Mr. Hightower would say if the IRS started asking the folks over at the AARP or Planned Parenthood how many times a week they pray or don’t pray, or if they planned on participating in any illegal protests in the near future. Answer that with a straight face…

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Abolish the IRS,,, and impose term limits too…

Looks a little like an old Chris Matthews, doesn't he???

Looks a little like an old Chris Matthews, doesn’t he???

I think it’s now fair to say, many Liberals in Congress have absolutely no idea what’s contained in the founding documents. Either that, or individuals like Representative Jim McDermott (D) WA, simply could care less about the intent of the framers, or the great tenets of liberty and freedom which have made the United States the freest and greatest nation in the history of nations!

As I watched the “Ways and Means Committee” hearings on the IRS scandal play out, I was floored by the atrocious comments coming from fools like McDermott, and the other brain surgeon with the poke-a-dot bowtie and day glow green bicycle on his lapel, (Blumenauer (D-Ore.). How in the world has this country descended to such a point where its people are targeted by their own government for speaking freely, and then forced to listen to a bunch of ignorant bureaucrats attempt to pass off their own ideological horse excrement as truthful explanations for the aforementioned ignorance. If there were ever a time to abolish the IRS, while simultaneously implementing strict term limits in both the House and Senate, now would be that time!

http://waysandmeans.house.gov/calendar/eventsingle.aspx?EventID=335744

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End-run around Congress???

Kathleen-SebeliusIt should come as no surprise that funding for the “Affordable” Care Act simply doesn’t exist in real money. So notwithstanding what we know to be the Administrations true desire for a “single payer” system of healthcare, it now appears HHS Secretary Kathleen Sebelius is strong-arming health care execs for cash ahead of the official 2014 roll-out of all the budget busting parts of “Obamacare”.

As we watch the IRS scandal unfold before our eyes, and we hear the likes of Eric Holder attempt to explain away lying to Congress and breaking the laws he’s supposed to enforce, and as the truth of Benghazi ebbs and flows like blood through the cracks of an al-Qaeda prison cell floor, this latest departure from ethical government leaves me to contemplate the words of our President back in 2009. “I will also hold myself as president to a new standard of openness …. Let me say it as simply as I can: Transparency and the rule of law will be the touchstones of this presidency.” – President Barack Obama 

What a complete and total crock!

I ask the Left, as well as the media sycophants who unbelievably continue to turn a blind eye to the obvious, are you comfortable with this? Is this your idea of our children’s America? Is this your answer to the dreaded George Bush? Shame on you, all of you…

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Priorities…

Christie-ObamaJosh Lederman of the Associated Press writes in today’s Providence Journal on how Republicans may be conceding a place for Obama big government, albeit reluctantly. However the article seems more a swipe at Republican Governors like Fallin and Christie as they appear to embrace the POTUS in their time of need, and almost implies Mr. Obama may have written the checks himself. There are references to the “Affordable” Care Act and how other so-called Conservatives are warming to parts of the bloated law as a means to bolster their own state coffers, but you get my drift. I would suggest another angle (reason) however, for the perceived change of heart.

Notwithstanding some Republican’s lack of skeletal structure when it comes to staring down our less than thrifty Commander-in-Chief, the simple fact is we’ve spent most of our money in all the wrong places, and unwisely in others to be sure. Generations of targeted and un-Constitutional entitlement spending, complicated more recently by two wars our government won’t let us win, have finally caught up with Washington, making necessary and wholly appropriate spending like disaster relief and infrastructure repair seem like gifts to be begged for. Moreover, the President of the United States jets in and out of these wounded states at a cost of about $200,000.00 per hour, and is seen as a hero for giving the folks their own money back.

Regrettably, most Republicans are far too concerned with re-election to stand for a re-prioritizing, or “re-Constitutionalizing” if you will, of our federal budget. “We the People” are therefore left to wonder, “What is the role of federal government in time of crisis, and how long will it be before we are simply left to our fate for lack of funds?”

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IRS “Franken”stein…

220px-Max_S_Baucus220px-Charles_Schumer_official_portrait220px-Carl_Levin_official_portraitstuart-smalleyThe fact that Al Franken was apparently pushing the IRS to investigate Tea Party and other Conservative groups should come as no surprise. The man is a goofy Hollywood hack and has no business representing anything or anyone, except maybe some of those “light-bulbs in Minnesota”. That said, it appears FOX is tracking as many as a dozen letters sent to the IRS Office of Tax Exempt Status during the period 2010 / 2011 from folks like Schumer, Levin and Baucus. This is troubling because despite the Lefts propensity to substitute emotion in place of fact and reason, I spend a lot of time advocating for everyone’s right to free speech and to engage in the arena of ideas. I would have expected as much from these so-called “Senior Senators”. Regrettably, these jackasses stepped way outside their Constitutional boundaries and at the very least, may have encouraged un-Constitutional and possibly even criminal behavior on the part of the most feared of all government agencies.

Now I don’t know about you, but I think it’s time Congress names an independent special prosecutor with subpoena power and access to a grand jury, so we might have some appointee and politician posterior alike dragged before “We the People” to answer for this lunacy.

Wake up people. America’s enemies are emboldened and shedding their disguises.

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“This is what change looks like.” – Barack Obama (2010)

Barack ObamaChange looks like economic instability fueled by ignorance and/or even disdain for a free market system which has made our nation the envy of the world. Change looks like the empty promises of an ideological demagogue, embraced by those who seek “promise” without price. Change looks like fast flight from accountability in all its forms and the validation of excuses as a way of life. Change looks like selfish manipulation of the nuclear family to the detriment of posterity and of society as a whole. Change looks like “Plan-B” for a 15 year old child, further relegating the sanctity of human life to that which is fueling our moral decay. Change looks like a Newtown Police Chief, wounded by unimaginable tragedy, but blinded by that same tragedy to all truth and logic, describing the Constitutional rights so many have died to protect as “entitlements” which must now be forfeit for the “greater good”. Change looks like higher taxes and the strengthening of an all-encompassing federal government far beyond that which our founders envisioned, and at the expense of historical fact and reason. And change looks like a President of the United States who feels “constrained” rather than empowered by two of the three greatest documents ever penned by the hand of man.

So you tell me my fellow Americans, what does change look like for your kids?

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“Barely above stall speed”…

042613_Imus_MacedoGDP growth came in at about 2.5 percent in the first quarter, shy of the expected 3.0 percent, and well below what most credible economists see as a number necessary to promote real job growth. Oddly, consumer spending ticked up again which I believe is related to the rise in consumer debt. A lot of folks are simply “charging it” again.

Scary as that may sound, it pales in comparison to a piece of news I heard today regarding how the fed will now measure the nation’s economic size and strength. Apparently, Beyonce’s album sales, and a host of “research and development” spending will now be added to our overall economic picture to show some size, if you will. So not only do we have to swallow the “pie in the sky” wishful economics of our “Professor in Chief”, but our government is actually going to  factor in a whole bunch of phantom numbers to disguise our obvious fiscal malignancy. Great…

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Biden, “over the pond”…

You got a license for that finger Mr. Vice President???

You got a license for that finger Mr. Vice President???

Hypocrisy in one form or another seems a permanent detriment in the modern political arena. I suppose one could cite voter apathy as a cause. In fairness, it’s not exclusive to either party, though this Administration seems to have opened significant inroads in terms of “do as I say, not as I do”. That aside, is the Vice President of the United States dumb, or do he and his staff simply have the utmost contempt for “We the People”.

Watching the President’s wife live the jet-set life in financially crippled Spain last year was bad enough, but Biden’s overseas hijinks on the tax-payer dime recently, all the while allegedly drowning in a sea of tears for sequestration, is borderline nauseating.

At the end of the day, over a million dollars spent on transportation, staffers, security and five-star hotels for two nights in London and Paris, is a bitter pill to swallow for those still struggling in an ever-shrinking American work force.

Now for all you apologists who would try and validate the VP’s ability to accomplish anything of substance over in Europe, (or anywhere else for that matter), I have some simple math for you:

Biden’s trip + the “Tiger Woods Presidential Golf Extravaganza” = 1/2 of the yearly cost of White House tours. Moreover, if the “First Family” would kick back just 1/5 of their vacation cost to taxpayers last year, we could cover a whole year of tours, and some change for popcorn too… Nah, I hear Michelle doesn’t vacuum…

Hypocrisy or elitist contempt, you make the call…

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