Posts
Bipartisan Bloat | Christopher Preble | Cato Institute: Commentary: "The party that opposes nearly all other forms of federal spending happily embraces the military variety. Republicans assert that military spending cuts will result in massive job losses, even as they argue that cuts in other federal spending would grow the economy and create jobs in the private sector. They are skeptical that the federal government should engage in nation-building at home, but celebrate it abroad. Republican candidate Mitt Romney accuses Obama of fostering a "culture of dependency" in the United States, yet ignores that U.S. security guarantees have created an entire class of affluent countries around the world that now rely upon U.S. tax dollars to pay for their defense."
Wednesday, October 03, 2012
Romney's Taxes and the Liberal Mindset | Michael D. Tanner | Cato Institute: Commentary
Romney's Taxes and the Liberal Mindset | Michael D. Tanner | Cato Institute: Commentary: "One endlessly repeated commercial points out that Romney paid only 13.9 percent of his income in taxes in 2010, "probably less than you."
"unless your household was earning more than $189,400 per year, it is unlikely that you are paying a higher federal income-tax rate than Romney. According to the Congressional Budget Office, the average middle-income American pays an effective federal income-tax rate of 1.3 percent. Recall that half of Americans pay no federal income tax at all."
Was their ad directed at the rich?
"Democrats were quick to dismiss [Romney's charity donations] as substantively different from and less important than paying taxes. In fact, some suggested that such large charitable contributions might actually be a form of tax evasion, since they were tax-deductible. By helping people on his own, Romney was undermining government charity. "Charity is not democracy," complained Garrett Gruener, who helped found Patriotic Millionaires for Fiscal Strength, a pro-tax group"
"according to a recent Gallup poll, Americans who described themselves as "very conservative" gave 4.5 percent of their income to charity, on average; self-described "conservatives" gave 3.6 percent; and "moderates" gave 3 percent; while "liberals" gave just 1.5 percent; and "very liberal" Americans gave barely 1.2 percent.
Those who voluntarily give the least are the same people who will spend the next few nights in Charlotte telling us how much they care, while demanding that the government take more from the rest of us by force through higher taxes."
"It is reflected in a belief that government jobs are especially ennobling, while people who work in the private sector are necessarily "greedy" and "corrupt." "
"It is government, the president believes, that makes all else possible. That is why the president repeatedly expresses concern over cutbacks in government spending, while observing that "the private sector is doing just fine." "
"unless your household was earning more than $189,400 per year, it is unlikely that you are paying a higher federal income-tax rate than Romney. According to the Congressional Budget Office, the average middle-income American pays an effective federal income-tax rate of 1.3 percent. Recall that half of Americans pay no federal income tax at all."
Was their ad directed at the rich?
"Democrats were quick to dismiss [Romney's charity donations] as substantively different from and less important than paying taxes. In fact, some suggested that such large charitable contributions might actually be a form of tax evasion, since they were tax-deductible. By helping people on his own, Romney was undermining government charity. "Charity is not democracy," complained Garrett Gruener, who helped found Patriotic Millionaires for Fiscal Strength, a pro-tax group"
"according to a recent Gallup poll, Americans who described themselves as "very conservative" gave 4.5 percent of their income to charity, on average; self-described "conservatives" gave 3.6 percent; and "moderates" gave 3 percent; while "liberals" gave just 1.5 percent; and "very liberal" Americans gave barely 1.2 percent.
Those who voluntarily give the least are the same people who will spend the next few nights in Charlotte telling us how much they care, while demanding that the government take more from the rest of us by force through higher taxes."
"It is reflected in a belief that government jobs are especially ennobling, while people who work in the private sector are necessarily "greedy" and "corrupt." "
"It is government, the president believes, that makes all else possible. That is why the president repeatedly expresses concern over cutbacks in government spending, while observing that "the private sector is doing just fine." "
California mom jailed for kids’ truancy | Fox News
California mom jailed for kids’ truancy | Fox News: "A California mom was sentenced to 180 days in jail after she pleaded guilty to allowing her kids to miss more than 10 percent of the of the school last year"
How China got businesses to pay taxes: scratch-n-win tickets - CSMonitor.com
How China got businesses to pay taxes: scratch-n-win tickets - CSMonitor.com: "Businesses purchase special machines that print special receipts known as fapiao in addition to regular receipts, called shouju, that cash registers provide. Every time a receipt is printed, a transaction is recorded and taxes must then be paid on it. To ensure owners actually use the machines, the government got creative: The fapiao that the machines print out are essentially scratch-and-win tickets with prizes ranging from 5- to 50,000 yuan ($.75 to $8,333). For perspective: A subway ticket in China is 2 yuan, and a monthly phone bill is about 60 to 127 yuan for an iPhone.
Following the implementation of the program, the frequency of customers asking for receipts increased dramatically, according to a 2009 survey conducted by Mr. Wan. Those who had never requested receipts began asking for them one out of every two transactions. The frequency of those who requested receipts before the fapiao program was implemented increased by 30 percent after hearing about the program."
Following the implementation of the program, the frequency of customers asking for receipts increased dramatically, according to a 2009 survey conducted by Mr. Wan. Those who had never requested receipts began asking for them one out of every two transactions. The frequency of those who requested receipts before the fapiao program was implemented increased by 30 percent after hearing about the program."
Subscribe to:
Posts (Atom)