Tag Archives: taxes

Senate passes Internet sales tax bill

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As if the American people aren’t taxed enough, the Senate has approved a proposal that would require online retailers to collect sales taxes if they claim revenues in excess of $1 million in states outside of their physical “brick-n-mortar” locations.  Meaning, you’ll start paying taxes for virtually all of your purchases through large online retailers like Amazon.com, Overstock.com and others.

The bill passed the Senate by a vote of 69 – 27, meaning several Republicans voted to further tax their own constituents contrary to their generally small government and fiscally responsible rhetoric.  The “Marketplace Fairness Act”, as politicians have cleverly named it, is designed to level the playing field – they claim – for smaller retailers without major online stores.  We all know what happens when government attempts to “level the playing field”, don’t we?  It ends up costing the rest of us more money, and the government ultimately winds up as the entity benefiting.

If enacted, the government will collect an estimated $12 billion in additional revenue.

Feds to take in record amount of tax revenue in 2013

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Despite claims that the rich are not “paying their fair share” and government spending that now exceeds the median income for all Americans, the federal government is projected to take in a record amount of revenue this year, exceeding the CBO’s estimates.  By the end of the fiscal year, the government is expected to confiscate from Americans a whopping $2.712 trillion in taxes.

The previous record was set in 2007 when the feds swam in more than $2.5 trillion.

Cato: Successful nations cut debt, taxes and spending

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The Cato Institute published an article citing direct evidence that countries that effectively manage their spending and debts thrive, while nations that allow out of control spending, senseless tax increases and an expanding GDP, suffer.

Alan Reynolds contrasted nations like Brazil, Russia, India and China – dubbed BRIC – and praised their potential growth due to their cuts in taxes and controlled government spending with countries like Portugal, Italy, Greece and Spain (PIGS), who’s GDP grew sharply between 2007 and 2010, resulting in far less stable economies and a meager future outlook.

Dear voter: You are being scammed, conned and deceived

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dyc-tax-protest-7_359154aIn a recent letter to the American people, the Libertarian Party wrote that the voting population in this country are being raked over the coals, drained of their hard-earned money and systematically dumbed down through big government political initiatives disguised as genuine assistance.

“By blending tax hikes with (alleged) government spending cuts, they try to convince you that they’re all part of one scary package. That both things are bad,” Libertarian Chair Geoffrey J. Neale wrote.  ”To add injury to insult, their phony “fiscal cliff” doesn’t include a dime of actual government spending cuts. Just pretend reductions in future spending.”

Tax increases alone should raise awareness from the American people.  ”On New Year’s Day, what did Big Government politicians actually vote for?  They voted to rip you off an average of $800 a year MORE — a 2 percent increase in your Social Security payroll tax. While they bragged that they were doing you a favor.  They raised a pile of other taxes as well, including taxes on estates, higher incomes, investment income, health care, and businesses.”

The letter cites new tax increases will amount to over $600 billion in new government revenue while doing little to curb spending and enact meaningful reform to account for our nation’s unemployment problem.

Read the entire letter: http://www.lp.org/news/press-releases/fiscal-cliffhanger-a-study-in-government-fear-mongering.

Taxpayers forced to pay over $500 million for abortions

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According to a report published by the Susan B. Anthony foundation, public records show that the Planned Parenthood organization performed a record 333,964 abortions in 2011 and received a whopping $542 million in taxpayer funding, which includes grants and Medicaid reimbursements.

Women should be allowed to run their lives as they see fit, but taxpayers should not be forced to fund the act of killing unborn babies.  Over a three year period, Planned Parenthood has performed almost a million abortions, largely financed by the American taxpayer.  Although Planned Parenthood claims to offer a wide range of pregnancy “services”, abortions account for 92% of its daily operations, the report cited.

Worse, Planned Parenthood has reported almost $90 million in excess revenue and over a billion in net assets.  The abortion business sure is lucrative.

Why, then, are Americans forced to pay for abortions?  Regardless of profit or loss, funneling tax dollars to abortion clinics amounts to an abomination of freedom and an entirely unjustified use of tax revenue.  Raise your hand if you believe our brave patriots of yesteryear fought for independence 237 years ago so our government can spend hundreds of millions of dollars funding abortions.

My hand is not raised.