Obama’s new budget: $25,000 per taxpayer

posted at 7:43 pm on February 26, 2009 by Allahpundit

I have nothing to offer you except links and despair. $3.6 trillion in spending divided by 139 million taxpayers equals $25,573.48 apiece. Just put it on my tab along with my student loans. Or better yet, put it on your kids’ tab: According to Boehner’s office, by 2019 the annual deficit will still be north of $700 billion and the national debt will stand a shade over … $15 trillion, almost double what it is now.

New taxes? Tapper’s run the numbers and says they’ll hit $1 trillion over the next 10 years, but (a) evidently that doesn’t include another $600 billion businesses will have to cough up as part of the new cap-and-trade program and (b) it assumes that the only new taxes levied will be on individuals making more than $250,000 and corporations, which of course is absurd. Read the Journal’s analysis of The One’s “2% lie” to see why. Quote:

Even the most basic inspection of the IRS income tax statistics shows that raising taxes on the salaries, dividends and capital gains of those making more than $250,000 can’t possibly raise enough revenue to fund Mr. Obama’s new spending ambitions…

[A]s a thought experiment, let’s go all the way. A tax policy that confiscated 100% of the taxable income of everyone in America earning over $500,000 in 2006 would only have given Congress an extra $1.3 trillion in revenue. That’s less than half the 2006 federal budget of $2.7 trillion and looks tiny compared to the more than $4 trillion Congress will spend in fiscal 2010. Even taking every taxable “dime” of everyone earning more than $75,000 in 2006 would have barely yielded enough to cover that $4 trillion.

Fast forward to this year (and 2010) when the Wall Street meltdown and recession are going to mean far few taxpayers earning more than $500,000. Profits are plunging, businesses are cutting or eliminating dividends, hedge funds are rolling up, and, most of all, capital nationwide is on strike. Raising taxes now will thus yield far less revenue than it would have in 2006.

How bad is it? Even Olympia Snowe sounds unhappy.

For good measure, one of the bill’s 9,000 earmarks comes courtesy of The One himself, left over from his Senate days when he was off on the trail every day railing against earmarks. And I haven’t even mentioned TARP II, which they’ve gone ahead and allotted $250 billion for on the assumption that most of the money given to the banks will be recouped. If it isn’t, then the true cost’s more like $750 billion, which would be slightly more than the original TARP that blew everyone’s mind back in September. That’s my only comment on this, really — how completely and dangerously inured I am now to unbelievably extravagant spending. And given the fact that 63% of the public’s already blessed the idea of a second stimulus, I can only assume they feel the same way. Gulp.


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It’s like we’ve assembled the cream of bad democrat traits in this administration and congress. The defeatist, america hatred of the 1974-abandon-Vietnam variety and the let’s try to double the size of the new deal of the 30′s variety, all rolled into one hyperlegalistic burrito.

I’ve got 5 words for you
2010, mother fucker. fuck!

joeindc44 on February 27, 2009 at 1:20 AM

Owners of capital will stimulate the working class to buy more and more of expensive goods, houses and technology, pushing them to take more and more expensive credits, until their debt becomes unbearable. The unpaid debt will lead to bankruptcy of banks, which will have to be nationalized, and the State will have to take the road which will eventually lead to communism.

— Karl Marx, 1867, Das Kapital

Entelechy on February 27, 2009 at 1:00 AM

To bad the kool aid drinkers don’t realize this. Even Putin remarked a few days back about how stupid the American People are for wanting this.

sheebe on February 27, 2009 at 2:02 AM

You must remember that a significant number of the people in this country grant themselves the right to add or withdraw their support for anything at anytime for any reason.

Big E on February 26, 2009 at 9:51 PM

Yes, at any time, well at the next election anyway, Americans can say to their leaders, “‘I divorce thee, I divorce thee, I divorce thee” and that is a good thing.

MB4 on February 27, 2009 at 2:15 AM

Now Snowe wants tax reform? Wish she wanted it a few weeks ago.

Done That on February 27, 2009 at 5:49 AM

I really am not one to subscribe to conspiracy theories, but this almost daily onslaught of unprecedented spending, government expansion, assaults on the Constitution and financial upheaval makes me wonder if the “change” the Obama administration seeks to bring about is truly the end of capitalism as we know it. Here is a discussion of “debauching the currency” by none other than Keynes himself:

“Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method they not only confiscate, but they confiscate arbitrarily; and while the process impoverishes many, it actually enriches some. – As the inflation proceeds and the real value of the currency fluctuates wildly from month to month, all permanent relations between debtors and creditors, which form the ultimate foundation of capitalism, become so utterly disordered as to be almost meaningless; and the process of wealth-getting degenerates into a gamble and a lottery.

“Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”

(For those interested, here’s the article from which this excerpt is taken: Keynes)

If the value of the dollar collapses into nothingness, we are all in deep, deep trouble…

Logic on February 27, 2009 at 7:19 AM

Great Society Bloodless Revolution

petefrt on February 27, 2009 at 7:41 AM

For good measure, one of the bill’s 9,000 earmarks comes courtesy of The One himself, left over from his Senate days when he was off on the trail every day railing against earmarks.

Not sure if anyone has mentioned this, but just before Glenn Beck went off the air last evening (5 PM show) he was handed a news brief.

Apparently, The One has removed his name from this particular earmark…he has not removed the earmark, mind you…just his name as author of the earmark…

I really hate that man. Forgive me, God.

ladyingray on February 27, 2009 at 8:26 AM

Obama can only take your money if you have it. People should do everything possible to avoid passing money to the federal government. They should give heavily to charity which is much better than giving it to this socialist/communist regime that’s currently in power. Even go so far as to reduce your earnings and profits. Either way your personal wealth will be reduced but it’s better to give to charity and earn less money than it is to have it stolen and then redistributed among Obama’s parasitic underclass and left wing supporters. These are dire times and it’s time for radical action. Eventually the government will be forced to print worthless money and the country will simply collapse upon itself. When this happens, people that love liberty and freedom can begin rebuilding this once great Republic.

rplat on February 27, 2009 at 8:36 AM

This is really just beyond the pale. There’s no stopping this guy, he’s going to get whatever he wants no matter how bad it is for the country. I’m no economist, but how can spending trillion after trillion possibly be justified in this economy? And how can a man who stood on the campaign trail and espoused against earmarks turn right around and shove billions of them down our throats without so much as a blink of an eye? The lies are just appalling. And he’s in just over a month now.

scalleywag on February 27, 2009 at 8:38 AM

Before we sink too far into despair, realize we have the power and leverage to prevent this confiscation of wealth to create a class of people dependent on the government and this blatant attempt to create near dictatorial power over this country.

20% of taxpayers pay 80% of all taxes. None of this plan can occur without our money…we have the control and power here.

I recommend we start a national movement – Starve The Pig designed to prevent Obama Hood from stealing from those who have worked hard to give to those who now have no reason to ever work at all.

If we deny them the money, this budget can never take place and the administration will collapse. Begin pulling all capital from the market. Use that as a fund to draw upon. Better to do it now before the market tanks and the increased capital gains kick in. Restructure compensation deals to bring your salary under $200K. Defer compensation until after the next presidential election. If you own a small business – which accounts for most of those earning over $200K – restructure allocation of revenue towards investments to bring taxable income down. Pull your money out of 401Ks. Take the hit on that now as the government is moving toward confiscation of that money anyway.

The Republican leaders will not and can not stop this, but we can. The entire program of taking over America is dependent upon confiscation of our money. Deny them that opportunity. Starve The Pig.

If you agree, let’s begin a viral movement to spread the word…I for one – as a small business owner – am taking the above actions

AmericanUnderground on February 27, 2009 at 8:41 AM

I’d be with you on that AmericanUnderground, except that if I lower my salary any more I’d be homeless.

Any guesses on how many billions he’s going to ask for today? Whatever it is, Congress will say “Yes, your majesty, right away.”

scalleywag on February 27, 2009 at 8:48 AM

Obama will bankrupt this country. Doesnt this have to be voted on by both Houses of Congress?

NOt that that will make a difference. ugh

becki51758 on February 27, 2009 at 8:49 AM

becki51758 on February 27, 2009 at 8:49 AM

Exactly. Congress has sold us out.

scalleywag on February 27, 2009 at 8:53 AM

Buy gold.

Key West Reader on February 26, 2009 at 8:21 PM

I think it might just be better to buy lead.

jimmy2shoes on February 27, 2009 at 8:57 AM

Obama can only take your money if you have it. People should do everything possible to avoid passing money to the federal government. They should give heavily to charity which is much better than giving it to this socialist/communist regime that’s currently in power. Even go so far as to reduce your earnings and profits. Either way your personal wealth will be reduced but it’s better to give to charity and earn less money than it is to have it stolen and then redistributed among Obama’s parasitic underclass and left wing supporters. These are dire times and it’s time for radical action. Eventually the government will be forced to print worthless money and the country will simply collapse upon itself. When this happens, people that love liberty and freedom can begin rebuilding this once great Republic.

rplat on February 27, 2009 at 8:36 AM

I’m telling people to max contributions to their church. It lowers their taxes and annoys the atheists who are running the country now. If you work overtime, stop. If you can operate in the cash economy, do it (I have a 60-year-old brother who has not filed a tax return in 35 years. I know it can be done.) Barter your services with other service providers in your community. Hire neighborhood teenagers to do your handyman jobs and pay them cash.

And above all, do not buy Treasury bonds under any circumstances. I’m pretty well convinced now that this stock market crash and banking crisis was engineered, in order to create a “flight to safety” that has everyone taking their money out of stocks and putting it into Treasury bills. That’s how they are going to finance their massive expansion of government. As long as there are no other safe places to invest, they will have plenty of cheap money to throw around.

rockmom on February 27, 2009 at 8:58 AM

It’s almost too unbelievable to comment about. Except for saying I can’t find anything to say, I have nothing to say!!!

jeanie on February 27, 2009 at 8:59 AM

That’s it I can’t take it anymore what is wrong with these people that they think its ok to sell our children’s future before they are even born for the love of gawd make it stop.

tee866 on February 26, 2009 at 7:52 PM

It makes my decision not to have kids seem pretty smart now, too bad for me that I worry about your kids as well or I’d be worry free.

Ann NY on February 27, 2009 at 9:01 AM

f you agree, let’s begin a viral movement to spread the word…I for one – as a small business owner – am taking the above actions

AmericanUnderground on February 27, 2009 at 8:41 AM

Bravo! Excellent idea. I’m and individual but I intend to reduce my taxable income by every legal means possible.

rplat on February 27, 2009 at 9:02 AM

By the way, it is really important for every conservative to actually read this budget document. You will not believe it. It is like a textbook for a course in Class Warfare. I read it this morning to my liberal husband and even he could not believe the rhetoric. We’re in a ditch because Bush cut taxes for the wealthy. The middle class is falling further behind because 400 taxpayers made twice as much money in 2006 than they did in 1992.
The Class Warfare Blueprint

rockmom on February 27, 2009 at 9:05 AM

AmericanUnderground on February 27, 2009 at 8:41 AM

I started prior to the election, am well on my way to partial saftey… Gold looks good… I will pay NO tax this year… period, yes I owe some, but refuse to pay… If we just had millions that would od the same… They can not arrest us all… But we don’t…

Mark Garnett on February 27, 2009 at 9:07 AM

Sending this to all my reps. Maybe we all should.
Just received a request from the Paralyzed Veterans of America for a donation and since the Federal Government is now re-distributing the wealth through taxation, I will no longer be able to contribute on my own to any charitable causes. Therefore, could you please include an ear mark in any up-coming legislation in my name and forward it to the Paralyzed Veterans of America, The American Legion, St Judes and The Disabled American Vets. These are the ones I usually contributed to and I can provide canceled checks to verify this. Just hate to see them not receive the funds they need. Keep up the “good” work.

hillbilly on February 27, 2009 at 9:07 AM

Sending this to all my reps. Maybe we all should.
Just received a request from the Paralyzed Veterans of America for a donation and since the Federal Government is now re-distributing the wealth through taxation, I will no longer be able to contribute on my own to any charitable causes. Therefore, could you please include an ear mark in any up-coming legislation in my name and forward it to the Paralyzed Veterans of America, The American Legion, St Judes and The Disabled American Vets. These are the ones I usually contributed to and I can provide canceled checks to verify this. Just hate to see them not receive the funds they need. Keep up the “good” work.

hillbilly on February 27, 2009 at 9:07 AM

Right on . . . and it also brought a big smile to my face.

rplat on February 27, 2009 at 9:11 AM

Starve the Pigand the Tea Parties

hillbilly on February 27, 2009 at 9:14 AM

AmericanUnderground on February 27, 2009 at 8:41 AM

+1

What do you think would happen if the productive people among us just sat out for a year and lived on our savings?

Start learning how to barter for you needs.

BrianA on February 27, 2009 at 9:17 AM

Beck threw the budget on the floor last night. Good place for it, although I wouldve thrown it in a pile of poo.

becki51758 on February 27, 2009 at 9:18 AM

Starve the Pig and the Tea Parties Best ideas ever. Reduce your payroll tax deductions to the minimum required, too. Have to do any thing to keep $$$ out of their hands.

hillbilly on February 27, 2009 at 9:18 AM

This corrupt and incompetent idiot Obama is driving the US economy off of a cliff.

That’s what happens when you let the jackass media choose our Presidents.

NoDonkey on February 27, 2009 at 9:19 AM

Don’t know why they print all the copies of this “garbage” because no one reads it anyhow. Just send an invoice up to the hill for a few Trillion dollars and let them sign off on it.

hillbilly on February 27, 2009 at 9:22 AM

Wonder where ole Pelosi bought her “spring” loaded underwear for the big speech. Took a heavy duty spring to lift that large “A” off the chair.

hillbilly on February 27, 2009 at 9:26 AM

Bloodless RevolutionAmerican Civil War 2

leetpriest on February 27, 2009 at 9:30 AM

PARTIAL LIST OF DOCUMENTS THAT BARACK OBAMA REFUSES TO RELEASE -. OBAMA’S SECRECY AND “CLOSED RECORDS” POLICY
Indonesian Passport – Not released
Application for U.S. Citizenship (as former citizen of Indonesia) – Not released
Immigration Records – Not released
Original Vault Copy Birth Certificate – Not released
Certificate of Live Birth – Counterfeit Version on Obama Web Site
Obama / Dunham Marriage License – Not released
Soetoro / Dunham Marriage License – Not released
Soetoro Adoption Records – Not Released
Fransiskus Assisi School Application – Not released
Punahou School Records – Not released
Selective Service Registration – Counterfeit version generated
Occidental College records – Not released
Columbia College Records – Not released
Columbia Thesis – Not released
Harvard College Records – Not released
Baptism Certificate – None
Medical Records – Not released
Illinois State Senate Records – Not released
Law Practice Client List – Not released

searcher484 on February 27, 2009 at 10:30 AM

It’s not the birth certificate, folks, it’s the INDONESIA CITIZENSHIP and INDONESIAN PASSPORT that Obama used as an adult. Can you spell “Obama” and “blackmail”?

searcher484 on February 27, 2009 at 10:32 AM

Wow…. Bush had got the deficit down to $160B (which isn’t that bad), but the Democrats were vilifying him for it…. then 2008 hit, and between bailing out the banks with poorly defined loans and his short term stimulus, which is read stimulus (happens before 6-12 months), he had a short term spike up to $400B. Bad, but it was short term, one time stuff.

Obama? Turned $400B into a $1.75 TRILLION dollar deficit (and over $4T in new spending — most of it pork). That’s what people mean when they say Democrats are tax and spenders. That’s assuming that all the “infrastructure” spending comes in on budget. (Like when has that ever happened).

His plans for reducing the Deficit? New taxes. Some to people, many to corporations… and since Corporations don’t really pay taxes, they have to pass the costs onto the people (in the form of lower wages and higher cost of goods/services). So to figure out what this means to you and your kids:

IRS and CBO: 135,660,228 tax returns filed – 43,362,718 who pay no income taxes = 92,297,510

$4 trillion / 92,297,510 = $43,338.11 per taxpayer. But wait…that’s before figuring out that you have to pay interest on that debt (which doubles it’s actual cost). So Barack’s budget is $86,676.22 is what owe with simple math. (Too complex for Democrats, but still over simplified).

Now lets do real math. That was assuming an equal distribution, which the National Progress Socialists Democrats disagree with. If you look at the real breakdown, according to the Congressional Budget Office,

the top 20 percent () of households paid 86.3 percent of income taxes
so if you make >$139,000, then your share of the Obama plan (your debt) is $294,854.28
math geeks: (debt [$4T] + interest [x2] ) / ( taxpayers [135,660,228] x 20% )
and you’re disqualified from the stimulus of $13/week because you make too much

the bottom 80 percent paid a collective 13.7 percent of the income tax burden.
so if you make between say $40K and $139,000, then your share of the Obama plan (your debt) is $73,713.57
math geeks: (debt [$4T] + interest [x2] ) / ( taxpayers [135,660,228] x 20% )

So figure out how big the mortgage Barack just took in your name…. but remember, these aren’t just one-time numbers. It’s going to go up each year he’s in office. That’s not counting your share of the national debt — this is just what BARACK has cost us since he’s been in office.

suzy.denim@gmail.com on February 27, 2009 at 10:37 AM

“Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.”

– Ronald Reagan

Kevin in Washington State on February 27, 2009 at 11:23 AM

Obooba needs to attend some Promise Keepers meetings.

Akzed on February 27, 2009 at 11:25 AM

“Suppose you were an idiot. And suppose you were a member of Congress. But then I repeat myself.”

– Mark Twain

Kevin in Washington State on February 27, 2009 at 11:25 AM

I’m starting to think lodge’s DOW 6,000 prediction will come true.

BadgerHawk on February 27, 2009 at 11:36 AM

searcher484 on February 27, 2009 at 10:30 AM

Ok Ed and Allah… As crazy a far right wing nut as I am, this guys is WAY over the top… He makes me look like Madison Conservative… Can you guys at least warn him like you have me? He’s nuts, really… It takes one to know one.

Mark Garnett on February 27, 2009 at 11:49 AM

That’s my only comment on this, really — how completely and dangerously inured I am now to unbelievably extravagant spending. And given the fact that 63% of the public’s already blessed the idea of a second stimulus, I can only assume they feel the same way.

The numbers are so big that folk simply do not understand them. In addition, folk say…”$25,500 in new debt per taxpayer, so what, I never get a bill. Now give me my goodies”

If conservatives could make a clear, and almost bumper sticker simple, case on how all this borrowing hurts today’s individual, then we win this argument over time. If we cannot the folk getting goodies, however little, will win.

JIMV on February 27, 2009 at 12:06 PM

Hmmm…. $1 trillion in new taxes.

Sounds to me like the perfect reason to ban abortion altogether. The more babies born today, the more taxpayers there are tomorrow to help share the burden with my children.

jedijson on February 27, 2009 at 12:15 PM

Obama is a friggin idiot..
Pelozi is the wicked witch of the west
the old hag thomas is the wicked witch of the east
BEtween these morons i honestly wonder if the USA wil surivive the next 100 days..

There idiots couldnt run
a Fruit loops stand in an insane asylum

and make money at it. They would end up in debt and bankrupt..
Just like the Former USA

jcila on February 27, 2009 at 12:19 PM

The $25k figure is misleading because the upper percentiles will end up paying a disproportionate share. Right now this is taking the expenditure divided equally among all taxpayers–and we have nothing if not an unequal system of taxation.

redfoxbluestate on February 27, 2009 at 12:50 PM

It is beginning to seem that the short-term goal of Obama is to engineer a depression the likes of which the world has never seen.

The comeuppance of America being the long-term one.

hillbillyjim on February 27, 2009 at 1:17 PM

I’ve got 5 words for you
2010, mother fucker. fuck!

joeindc44 on February 27, 2009 at 1:20 AM

could this also constitute a mandate to breed more conservative kids? If so, I’m in! :]

bluelightbrigade on February 27, 2009 at 1:17 PM

I’ve got 5 words for you
2010, mother fucker. fuck!

joeindc44 on February 27, 2009 at 1:20 AM

could this also constitute a mandate to breed more conservative kids? If so, I’m in! :]

bluelightbrigade on February 27, 2009 at 1:17 PM

FIFMS

bluelightbrigade on February 27, 2009 at 1:18 PM

obama is a virus and america is his host – the parasite/host scenario will work for a while, but eventually both fail….

Ris4victory on February 27, 2009 at 2:10 PM

Olympia Snowe sounds mildly skeptical. Nothing some little hero bill won’t cure. Anyone counting on that metastasizing triumvirate for insulation is fooling themselves.

Jacob Marley on February 27, 2009 at 2:56 PM

People were not thinking. In the last downturn, a lot of jobs went cash so they would not disturb un-employment benefits. That of course will bankrupt state unemployment funds and run off businesses if the states escalate unemployment taxes,

I see Obama swiftly made some moves that will cost about 1.5 million jobs and not bring a net addition of jobs for a long time until he drops taxes.

Even the new economist named “Rosy Scenario” will not be able to bail us out.

seven on February 27, 2009 at 3:15 PM

Owners of capital will stimulate the working class to buy more and more of expensive goods, houses and technology, pushing them to take more and more expensive credits, until their debt becomes unbearable. The unpaid debt will lead to bankruptcy of banks, which will have to be nationalized, and the State will have to take the road which will eventually lead to communism. -Karl Marx

This is a hoax.

topdog on February 27, 2009 at 7:11 PM

Creativity, and ingenuity from me, based on 20 years of service, you can forget it, President Obama.

Fuck you.

Gimme mine you stupid bastard.

Otis B on February 27, 2009 at 8:11 PM

Still feel all hopey-changey now, Allah? Still feel like we should toss some respect to your new socialist overlord, Emperor Hussein I?

Get you a gun, son. It’s gonna be a long, long ass war.

leetpriest on February 27, 2009 at 9:32 PM

Love that socialist utopia huh?

You know, being ultimately right about everything doesn’t feel as good as I thought it would.

leetpriest on February 27, 2009 at 9:35 PM

And now to speak down to earth in a language everyone can easily understand; FUBHO!!!!!!!!!!!!!!!

GlocknRoll on February 27, 2009 at 10:24 PM

Now Snowe wants tax reform? Wish she wanted it a few weeks ago.

Done That on February 27, 2009 at 5:49 AM

I think the French after WWII had a term for such that went something like “Maquis, après la guerre” ; that is, “freedom fighter, postwar”. Prepare to see a lot of that over the next few years.

ddrintn on February 28, 2009 at 12:06 AM

OK, here is a little nugget that Rep. Kanjorski leaked out. Fast forward to about 22:52 and watch and listen up to about 26:55. On 9/15/08, the House of Representatives had an emergency closed door meeting. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke came in and explained that on the previous Thursday, at about 11AM, there was an electronic run on the US banking industry money markets. About $550 Billion was removed in less than 2 hours. The Treasury opened up and pumped $105 Billion back into it, but they soon realized that would not stop the run, so they shut it down. He said, that if they did not pull the plug, by about 2PM that day, close to $5.5 Trillion would have been removed from the US, and it would of collapsed our country, followed in less than 24 hours, by the collapse of the entire World.

What date was the last Thursday before the Sept 15? And did the attack?

Kevin in Washington State on February 28, 2009 at 8:42 PM

PARTIAL LIST OF DOCUMENTS THAT BARACK OBAMA REFUSES TO RELEASE -. OBAMA’S SECRECY AND “CLOSED RECORDS” POLICY
Indonesian Passport – Not released
Application for U.S. Citizenship (as former citizen of Indonesia) – Not released
Immigration Records – Not released
Original Vault Copy Birth Certificate – Not released
Certificate of Live Birth – Counterfeit Version on Obama Web Site
Obama / Dunham Marriage License – Not released
Soetoro / Dunham Marriage License – Not released
Soetoro Adoption Records – Not Released
Fransiskus Assisi School Application – Not released
Punahou School Records – Not released
Selective Service Registration – Counterfeit version generated
Occidental College records – Not released
Columbia College Records – Not released
Columbia Thesis – Not released
Harvard College Records – Not released
Baptism Certificate – None
Medical Records – Not released
Illinois State Senate Records – Not released
Law Practice Client List – Not released
University of Chicago Scholarly Articles – None ../,’;,

searcher484 on March 1, 2009 at 1:01 PM

Nothing but implementing his ‘Economic Justice” policy.

Cybergeezer on March 1, 2009 at 4:12 PM

Starve the Pig sounds like a great idea to me. My little freelance business doesn’t earn in the six digits, but I still want to participate. It would be foolish to think the middle class are going to be exempt from tax increases anyway. Heaven knows we can expect payroll tax to go up and as far as I’m concerned, that’s the biggest burden I have being in business for myself.

What would be great is if some tax guru could throw up a website for us laypeople listing some things we could do to reduce our tax burden besides just earning less at our jobs. Working for cash isn’t really an option for me, but I can sure donate as much as possible to charity. What else can we do? What about investments? I’m already moving my 401(k) to an IRA since I anticipate the former will be a thing of the past before this administration is voted out. What other things can we do to minimize taxable income?

It would be great if enough people would just flat out refuse to pay taxes to actually make a difference. The Tea Parties are great, and I hope we have one near where I live, but we need a real tea party, one that actually means something. Several million taxpayers telling Obama to eff off would be a tea party with meaning.

NoLeftTurn on March 1, 2009 at 11:43 PM

erican Power tracked-back with, “Obama Seeks Permanent Expansion of Welfare Handouts”:

http://americanpowerblog.blogspot.com/2009/03/obama-seeks-permant-expansion-of.html

Donald Douglas on March 7, 2009 at 6:20 PM

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