Comments on: April 15th - Judgment Day is Envitable http://www.everydayrepublican.com/2008/04/15/april-15th-judgment-day-is-envitable/ Sat, 06 Sep 2008 05:15:12 +0000 http://wordpress.org/?v=2.6.1 By: Jim Palmer http://www.everydayrepublican.com/2008/04/15/april-15th-judgment-day-is-envitable/#comment-766 Jim Palmer Thu, 17 Apr 2008 23:06:08 +0000 http://www.everydayrepublican.com/2008/04/15/april-15th-judgment-day-is-envitable/#comment-766 I might be reading this wrong, but it looks like GE energy had $907 million in profits the first quarter. I don't see where it lists taxes paid by segment, but if you figure GE had total profits of $6.28 billion, and it paid $758 million in taxes total, then GE energy would have accounted for roughly $109 million in taxes. FWIW: the National Taxpayer's Union analysis of the candidate's spending proposals. http://www.ntu.org/main/page.php?PageID=141 More useless info: If federal budget outlays were the same in 2006 as they were ten years earlier, 1997, there would be no need for a personal income tax. The personal income tax amounted to about $1 trillion in 2006, and federal outlays have increased by as much since 1997. Can't blame all of that on the Democrats. http://www.cbo.gov/budget/data/historical.pdf The numbers don't quite work for the ten years 2007-1998; it's off by about $86 billion. But who doubts there would be an additional $86 billion jump in other forms of tax revenue after eliminating the entire personal income tax? Of course, it's hard to maintain a flat budget like that as long as the federal reserve keeps inflating the currency... Oh, and if the dollar was still backed by gold instead of manipulated by the federal reserve, the price of a barrel of oil would be identical to what it was in 2001. http://www.agiweb.org/workforce/Currents-007-OilByCurrency.pdf That's just evidence of that "hidden" tax called inflation. Did you know that at the rate the federal reserve inflates the currency, your savings loses half its value about every 15 years? It's really a good system... if your objective is to prevent people from saving anything so that when they retire they are forced to rely on government handouts (social security) for the rest of their lives. I might be reading this wrong, but it looks like GE energy had $907 million in profits the first quarter. I don’t see where it lists taxes paid by segment, but if you figure GE had total profits of $6.28 billion, and it paid $758 million in taxes total, then GE energy would have accounted for roughly $109 million in taxes.

FWIW: the National Taxpayer’s Union analysis of the candidate’s spending proposals.

http://www.ntu.org/main/page.php?PageID=141

More useless info: If federal budget outlays were the same in 2006 as they were ten years earlier, 1997, there would be no need for a personal income tax. The personal income tax amounted to about $1 trillion in 2006, and federal outlays have increased by as much since 1997. Can’t blame all of that on the Democrats.

http://www.cbo.gov/budget/data/historical.pdf

The numbers don’t quite work for the ten years 2007-1998; it’s off by about $86 billion. But who doubts there would be an additional $86 billion jump in other forms of tax revenue after eliminating the entire personal income tax?

Of course, it’s hard to maintain a flat budget like that as long as the federal reserve keeps inflating the currency…

Oh, and if the dollar was still backed by gold instead of manipulated by the federal reserve, the price of a barrel of oil would be identical to what it was in 2001.

http://www.agiweb.org/workforce/Currents-007-OilByCurrency.pdf

That’s just evidence of that “hidden” tax called inflation. Did you know that at the rate the federal reserve inflates the currency, your savings loses half its value about every 15 years? It’s really a good system… if your objective is to prevent people from saving anything so that when they retire they are forced to rely on government handouts (social security) for the rest of their lives.

]]> By: CtTaxed.com http://www.everydayrepublican.com/2008/04/15/april-15th-judgment-day-is-envitable/#comment-764 CtTaxed.com Thu, 17 Apr 2008 13:05:15 +0000 http://www.everydayrepublican.com/2008/04/15/april-15th-judgment-day-is-envitable/#comment-764 Another wee dram of reality, Businesses don't pay taxes. They pass all taxes on, eventually to the end consumer. Only those who have only their labor to sell pay taxes. Another wee shot while we are at it, all the GE employees pay plenty of taxes. And wouldn't have the pleasure of paying taxes if they we not employed by GE. Pretend to "TAX" GE heavier and fewer employees would have the honour (staying in character here) of paying taxes. Another wee dram of reality, Businesses don’t pay taxes. They pass all taxes on, eventually to the end consumer. Only those who have only their labor to sell pay taxes.

Another wee shot while we are at it, all the GE employees pay plenty of taxes. And wouldn’t have the pleasure of paying taxes if they we not employed by GE.

Pretend to “TAX” GE heavier and fewer employees would have the honour (staying in character here) of paying taxes.

]]> By: CT Yankee http://www.everydayrepublican.com/2008/04/15/april-15th-judgment-day-is-envitable/#comment-762 CT Yankee Wed, 16 Apr 2008 18:35:28 +0000 http://www.everydayrepublican.com/2008/04/15/april-15th-judgment-day-is-envitable/#comment-762 hate to break this to you Halifax, but if you pay more than "GE anything" - then chances are - you have bid adieu to the middle class quite some time ago. You are proof that the wealthy ARE paying their fair share. Nice work by the way. Oh and if you look in the rear view mirror - those of us still in the middle class will be giving you a big thumbs up. At least I think thats a thumb... hate to break this to you Halifax, but if you pay more than “GE anything” - then chances are - you have bid adieu to the middle class quite some time ago. You are proof that the wealthy ARE paying their fair share. Nice work by the way. Oh and if you look in the rear view mirror - those of us still in the middle class will be giving you a big thumbs up. At least I think thats a thumb…

]]> By: halifax http://www.everydayrepublican.com/2008/04/15/april-15th-judgment-day-is-envitable/#comment-759 halifax Tue, 15 Apr 2008 22:28:38 +0000 http://www.everydayrepublican.com/2008/04/15/april-15th-judgment-day-is-envitable/#comment-759 A wee dram of reality denial going on here. Bush has driven the national debt off of the charts, with spending completely out of control. Middle class taxes fuel this mindlessness while the upper and lower economic classes pay little to nothing. I paid more this year than GE Energy Systems. So don't piss down our backs and tell us it's raining. It's reality deniers like you that empower the gutting of the middle class by political and corporate predators. Go look in the mirror. A wee dram of reality denial going on here. Bush has driven the national debt off of the charts, with spending completely out of control. Middle class taxes fuel this mindlessness while the upper and lower economic classes pay little to nothing. I paid more this year than GE Energy Systems. So don’t piss down our backs and tell us it’s raining. It’s reality deniers like you that empower the gutting of the middle class by political and corporate predators. Go look in the mirror.

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