Time is running out people,,, if you have been watching other countries news, NOT WHAT ours PUTS ON ABOUT THEM, you will see how close we are to a total meltdown...




The New Year has started with a monstrosity of a budget deal, one that proves that neither political party, Democrats or Republicans, is really serious about controlling the growth of big government.

But soap opera dramatics about fiscal "cliffs" and sequestration shouldn’t deflect from where President Obama is really taking this country. Consider this story from the Wall Street Journal a few days before Christmas:

“Thousands of people in several Argentine cities ransacked supermarkets for a second day in the latest challenge to President Chistina Kirchner, who is struggling to revive a weak economy...In the central city Rosario, two people were killed during the incidents and 137 people arrested.


Washington's Republicans and Democrats alike have become the toll collectors on the road to serfdom
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“The violence puts Mrs. Kirchner in a difficult position as the poor are [her] core constituents...Her government spends billions of dollars a year to help low income families, including free health care...[Yet] Argentine activists who claim to represent the poor traditionally block access to supermarkets in the month of December to demand free food and other items...The latest events were some of the worst acts of looting and vandalism in years.... Local media showed dozens of men, women, and children hauling away televisions, refrigerators, and food.”

Some have said my warnings about a coming civil war between makers and takers are exaggerated. It’s true that Argentina’s politicians have been waging class warfare since Juan and Eva Peron–and they aren’t fazed when it turns bloody. Obama and the Democrats are relative newcomers to the game. But Argentina reveals who really suffers when those who create a nation’s wealth get mugged by those who spend it–as just happened this week in Washington.

It’s the poor and the middle class, the very ones big government says it’s trying to protect.

And sadly that’s where Mitt Romney had it wrong.

That 47 percent of Americans who get unemployment benefits, Social Security disability checks, Medicare and Medicaid, and government student loans, aren’t the real takers. Like the rioters in Rosario, they’re just pawns in a perennial battle between those who see wealth and prosperity as something created by hard work, ingenuity, and innovation in a free market system–or something to be doled out by government.

Experience teaches that those who believe in free markets are right. The November election and the budget deal, however, show that the other side is winning, and winning big.

Since 1970, America’s public sector has exploded as a percentage of GDP, rising to almost 25% last year. While the national unemployment rate hovers at the 8% mark, government worker unemployment rate is a cozy 3.8%. Sixteen percent of America’s workforce now work for government. By the time the Obama administration ends, we won’t be that far away from Argentina’s 21 percent.

Yet as an economic and social enterprise, government creates nothing.

Far from adding to people’s standard of living, government is the number one cause of poverty in this country. It forces those who depend on its largesse to live hand to mouth, with no time or money to plan for the future. They become unable to fend for themselves---and increasingly resentful of those who can.

When the economy tanks and the government checks have to shrink, their only alternative is to take to the streets. That’s what happening in Argentina, and in Greece; and that’s where the growth of government is taking us here, as this current budget deal increases handouts–and more and more Americans are finding that an unemployment or Social Security disability check is their only life line.

Washington’s Republicans and Democrats alike have become the toll collectors on the road to serfdom–and the road to Rosario.

How far down that road depends on how our private sector rallies in 2013 after two numbing defeats, first on November 7 and then on Capitol Hill this week.

It needs to explain to that 47 percent that when big government wins, we all lose–and that this nation won’t survive if it does.



Read more: http://www.foxnews.com/opinion/2013/01/03/were-now-one-step-closer-to-america-co...

Does it bother anyone that the payroll tax is only calculated on incomes below $114,000? Anything above that is not taxed. So if a CEO makes $1 million in salary, they only pay payroll taxes on the first $114,000.

So while most of us are taxed on 100% of our paychecks, someone who makes a million has almost 90% of their salary payroll tax free. We could gain billions in revenue if the payroll tax limit applied to every dollar of salary. (Like it does for most of us)

Why should someone who makes $20,000 a year have 100% of their salary payroll taxed, but a millionaire only pays payroll taxes on 12% of their salary?

dscEvents wrote on 01/08/13 at 12:34pm:



alot of tax laws bother me dave........ALOT!

dscEvents wrote on 01/08/13 at 12:34pm:

I don't think folks making a million or more should have to pay into SS at all.............. Oh - and I also think those folks should NOT be eligible to draw SS .............. Hell -- they can afford not to draw it, they just voted the smuck in that is going to raise their taxes ........

mudslinger47 wrote on 01/08/13 at 9:33pm:


If that's the way the law is written then so be it? I would bet that you don't feel that way about all of our laws. But I admire the way you can deflect having to consider the issue.

And to 18rcr. Everyone who gets a payroll check pays payroll taxes. It's just that lower income earners pay on 100% of their income and the wealthy pay on a much smaller percentage of their income.

And not all income taxes withheld from the checks of lower wage earners come back in the form of earned income credits.

The fact is that if we eliminated the cap on the payroll tax social security would be solvent for at least another 75 years or more. If we leave the caps in place then at least have a means test so millionaires don't receive benefits they don't need.

The wealthy already are treated favorably in the tax code. As most investment and dividends income is taxed at a lower rate than wages. As most lower income workers depend on wages for their primary income they are taxed at an overall higher rate than the wealthy.

While the wealthy pay the majority of income taxes collected it should be noted that the income tax accounts for only 25% of all taxes collected in the US. The majority of the other 75% of taxes like payroll taxes, property taxes, gas taxes, sales taxes, local and state taxes, are paid mostly by the poor and middle class because they spend much more (or all) of their income on basic necessities.

And also remember that the wealthy enjoy another major benefit. Being wealthy!

If given a choice between making $20,000 a year with no income tax and making a million dollars a year with a 38% tax rate I would choose to pay the 38%.

I'm sure I could figure out a way to scrape by on $620,000 a year in take home pay without whining about how bad it is to be wealthy.

dscEvents wrote on 01/10/13 at 12:57pm:



But you didn't ask about all other laws, did you.  You asked about a specific law and i stated that I didn't really care one way or the other.

Your sounding the horn of envy Dave when lamenting about the 20K earners and the Millionaires.  I'm far from a million are, but live exceedingly well by the world standard.  In the world view, anyone from 30K and up is a one per center... God has been very very generous to me.

[quote
BTW, if I ever make millions on any venture, not only do I promise to pay my fair share of taxes, but also to enjoy the luxuries of that wealth without guilt. Nothing wrong with being wealthy. Just don't whine about how unfair it is to be wealthy. [/quote]

But that would be the point, wouldn't it.  They are paying there fair share 38% vs nothing.  Hmmm seems slanted to me... And about the only taxes the poor pay are FICA and I bet the earned income credit probably just about covers that.  And I really don't know why the folks whine about the rich, their paying what their told to pay.  So some how their considered wrong even when doing everything legal.  Seems odd to me....

Quote:


Personally, I'd rather make 620,000 CASH Under the Table - and NOT Give almost HALF of what I WORK FOR to the Government to GIVE to some S.O.B. for NOT working at all.  

As far as the PAYROLL Tax (ie: Social Security tax known on your paystub as F.I.C.A.) -- Yes, I have NO Problem with only the first 113,000 of your base income paying that tax, simply because MOST high earners will never draw from the $$$ they pay in to Social Security (Which really isn't FAIR is it?) - and if they DO draw from it - their MAX benefit is the same benefit as someone who only EARNED 113,000 ...

One of the differences is though - a lot of those who EARN 113,000 + dollars a year are SELF Employed - so instead of paying 6.2% of their GROSS check - they (since they are their OWN employer) pay the full 12.4%  So in reality...they are paying DOUBLE of the low earners.  (Even though as far as Im concerned - the 6.2% the employer pays...is still MY MONEY, I just don't have to show it as MY income and pay "INCOME" tax on that portion. )