Obama Wants To Change The Tax Code
Neil Boortz, May 5, 2009
Excerpts...
Obama says, "If financial institutions won't cooperate with us, we will assume that they are sheltering money in tax havens and act accordingly." ...don't we have a long and valued tradition whereby the government assumes innocence until guilt is proven? Guilty until proven innocent...
[...]
Here's your bottom line. There is somewhere between $10 and $13 trillion dollars of American wealth that have been sent overseas where those dollars can be free to work and produce wealth in places where tax treatment is more favorable. These dollars are fleeing tax tyranny and looking for freedom, much like people in East Berlin tried to get over that wall to find freedom in the west. The East German communists shot those people down in cold blood. Obama wants to do the same to your money. He's and his Democrat pals are erecting an economic Berlin Wall to keep your money from escaping their tyranny.
Ouch. 'An economic Berlin Wall... keeping our money from escaping their tyranny.' Double ouch! What was it Obama recently said? Something to the effect that in the future he envisions Wall Street would no longer be the dominant player in the American economy? Well, pray tell, what or who will in Obama's future love paradise? The federal government, backed by the unconstitutional and oppressive Internal Revenue Service.
Typical democrat, president Obama. Using the IRS to further his political agenda and punish those deemed deserving of his political ire.
To be fair, EVERY president seeks to change the tax code... it's what we come to see, with every new occupant in the Oval Office, as "change we can believe in." But it's his vindictive attitude toward businesses that LEGALLY choose to do business in other countries that make him look the despot many believe he is. Since when has it ever been illegal to do business outside the United States? We levy THE MOST PUNISHING taxes on corporations in the world. Even CHINA has lower corporate tax rates on businesses...
It may come as a surprise that US companies pay the highest taxes in the world. Yes, you read that right. American businesses, large and small and across all industries pay from 35% to 41.6% of their income in combined state and federal taxes. The 41.6% maximum rate is scheduled to rise to 46.2% in 2010 when President Obama's promised tax increases are implemented. Compare that to socialist France where companies pay only 34.4% in taxes, to China where the rate is 25%, or Russia which levies a mere 24%. Corporations in Ireland, Europe's fastest growing economy for the last 18 years, pay just 12.5% in taxes.
Because of its dual taxation system, US businesses and individuals are required to pay both state and federal taxes on their income. When combined both these taxes range from a minimum of 35% in states like Nevada, South Dakota, and Wyoming that do not tax business income, to a maximum of 41.6% in Iowa, the state with the highest corporate tax rate of 12%.
So Obama wants to intimidate corporations into choosing to pay taxes at US rates, OR he will assume the worst of them and take it anyway. What a great guy this Obama character is turning out to be.
This is a montage of Charlie Rose and Brokaw trying to figure out who Obama is.
ROSE: I don't know what Barack Obama's worldview is.
BROKAW: No, I don't, either.
ROSE: I don't know how he really sees where China is.
BROKAW: We don't know a lot about Barack Obama and the universe of his thinking about foreign policy.
ROSE: I don't really know. And do we know anything about the people who are advising him?
BROKAW: Yeah, it's an interesting question.
ROSE: He is principally known through his autobiography and through very aspirational (sic) speeches.
BROKAW: Two of them! I don't know what books he's read.
ROSE: What do we know about the heroes of Barack Obama?
BROKAW: There's a lot about him we don't know.
I think they're beginning to "know" something about the man now. Problem is, most of the chattering class are actively covering for him.
"Pay no attention to that man behind the curtain!"
--the Wizard of Oz
Don't think the montage is fair? Listen to the whole thing here.
One last thought... How is Obama any different from the Somali Pirates?
I have been having a discussion with one of my oldest friends, who votes Democrat, about the whether or not the GOP, or conservatives, should moderate their tone if they hope to overcome their current woes. I hope I can get him to check out this post so that he can see just why a conservative might pound his fists on the table in arguing against Obama and his policy proposals. That anyone would look upon this type of action and not be outraged speaks volumes about their maturity as a citizen.
ReplyDeleteTwo old talking head white men trying to figure Obama out and having difficulty.
ReplyDeleteWhat a shock.
What does MA know about volumes? Has he ever read a volume of anything?
BTW, the sky is falling.
And Roosevelt is a socialist who will hand the country over to the Germans.
(Just thought I'd join the tenor of the conversation. You know, hang out with the boys, drinking beers. Watching the Hooter girls walk around with trays of hot wings.)
"Two old talking head white men trying to figure Obama out and having difficulty."I give them credit for trying, such as it is. Most Obama supporters didn't make the effort. Now we're stuck with him for the next four years.
ReplyDelete"What does MA know about volumes? Has he ever read a volume of anything?"Hasn't seemed to help you any.
"Just thought I'd join the tenor of the conversation."No Chicken Little shit going on around here, faker. Do you have anything substantive to offer?
Listen, you shouldn't feel bad. Even the Vice President had trouble early on.
ReplyDeleteIt's just that good ole time religion that got into your bones as a kid.
Feodor, your pseudo-intellectualism and condescending elitism is getting tiresome.
ReplyDeleteDon't make me start deleting your comments again. You are becoming boorish. Check that. You are boorish.
Did you hear Obama praising Charlie Rangel for his efforts in exposing those who have off shore tax shelters?
ReplyDeleteWhat hypocrisy!
Uh....Feodor... in case you missed it when listening to Liberal news sources...Charlie Rangel doesn't pay the taxes on his own off shore holdings. He, like all of Obama's best friends, is a tax cheat.
Those two old talking head white men are both Liberals, Feodork. Like you.
ReplyDelete"Two old talking head white men trying to figure Obama out and having difficulty."
ReplyDeleteYou really are a bigot, Feodork.
How civil of you, FeoDORK!
ReplyDeleteHow nice of you to keep adding to your vocabulary at your age, Izard. Or did you just deduct "war" out of the compound phrase?
ReplyDelete"(Just thought I'd join the tenor of the conversation. You know, hang out with the boys, drinking beers. Watching the Hooter girls walk around with trays of hot wings.)" - FeoDORK
ReplyDeleteAs opposed to what? Trading BJ's at a gay-bar?
Perhaps glorifying rape and murder at your fave hip-hop club?
ReplyDeleteIs THAT where I can find you?
ReplyDeleteI knew the robe had some functionality.
I'm more of a Beethoven/Cuban son/Middle Eastern chant/Jazz kind of guy.
ReplyDeleteEspecially driving through southern Spain (it's a lot like West Texas). Highways are incredible, rest stops serve meat, grass is brown and cattle are on the hillside.
I warned you. I also find it interesting that you totally ignored my comment about Obama praising Charlie Rangel for supposedly fighting something Rangel himself is guilty of doing.
ReplyDeleteBut I guess that's the Libtard style. Distract, obfuscate, and when that's impossible, ignore.
I have also noticed how you resort to ad hominen attacks when you cannot win the argument...exactly what you have continually accused us of doing.
ReplyDeleteGo on your way, now Feodork. The grownups here are tired of playing with you.
"Is THAT where I can find you? "
ReplyDeleteNo, Dude!
I'm at Hooters!
Remember?
I guess since FeoDORK has traveled to Spain...and seen that the Rain falls mainly on the Plain...that he is somehow smarter and more cultured than the rest of us.
Like me, for instance...who has LIVED in the Far-East...the Mediterrainean...AND the UK. Who has scaled the slopes of Fuji, had the ruins of Ancient Greece and Rome as my playground, and rested my face against the cold blue stone of ancient Stonehenge.
Good try, FeoDORK.
Hooters is a cover, isn't it? Reassure the boys you're not on the down low.
ReplyDeleteWe've had this discussion, Izard. Didn't you traverse through some gorge on Malta or Crete?
Now that sounds like fun.
And I lived in Brasil and slept in a beehive hut and bought a Turkish rug in the Istanbul bizarre.
The difference between you and me is that I wouldn't go around in drag unless I'm in Chelsea.
It's called wearing appropriate attire.
Not khaki shorts, XXXL Budweiser T-shirt and Tevas to Chartres.
It's also called what you absorb when you go. Not what you drink.
It's the S word. And the C word for that matter.
"Hooters is a cover, isn't it? Reassure the boys you're not on the down low."
ReplyDeleteDude1 You MUST be a fag. Everytime I've EVER encountered an accusation like yours above it has been a faggot who has made it.
You slept in a beehive hut?
That explains EVERYTHIMG!
Yep, you're right.
ReplyDeleteWhere was that gorge you hiked and got this incredible international experience?
Crete! Right?
ReplyDeleteYou were a cretan for a few days.
"You were a cretan for a few days."While you are a cretin always. But change is possible, Feo. Care to try being something more?
ReplyDeleteIs this an example of your perspicuous genius, MA.
ReplyDeleteI confess you have me. I don't see it.
Since everyone else has gone afield on this one I reckon I'll chime in as well....
ReplyDeleteI spent 3 years in Spain... Seville and surrounding environs. Spent one year in the Azores... the sun never shone much, great fireworks at this Chinese guy's shop downtown [can't remember the town's name]. Another 3 years in Libya, pre-Kadafi. I've walked the Roman ruins of Leptus Magnus... I hope that doesn't make me a pedophile.
As for beehive huts, "they" used to bury their dead in beehive shaped tombs... in a long a-time go, on a continent far far away. Ilium, the city from which some have gotten lost, unable to find their way home...
Gibraltar, btw, was an amazing place. It was both exciting AND the heights really creeped me out. The monkeys were nasty. But the smell of the sea... I learned to love that by the shores of Tripoli and my short time on the coast of Spain and Gibraltar.
Anyone wanting to explore my thoughts on my love of the sea, can go here...
...since no one cares to discuss the topic at hand.
Want some more? Here's a rough draft of the first 3 chapters of a much larger story, fashioned somewhat in the style of Giovanni Boccaccio's "The Decameron," circa 1350.
"I confess you have me. I don't see it."See how easy it is to just admit the truth? We've known you "don't get it" for a long time. This could be a break through.
ReplyDelete3 years in Spain! Wow, I'm jealous. I spent my honeymoon in Andalusia and we want to go back for more. Sevilla, Tarifa, Grenada, Cordoba and then a few days in Madrid.
ReplyDeleteWhen were you there and what were you doing those years? Did you cross the straights to Tanger?
And what in the hell were you doing in Libya?
A honeymoon in Spain...and he's got CULTURE!
ReplyDeleteWhat a fraud!
Good for you, Izard, you figured out the C word.
ReplyDeleteNow how about the S word?
Don't give up, you're on a roll.
FeoDORK, you are a S-chmuck.
ReplyDeleteThat good?
My father was Air Force, I was just beginning school in Libya, then three years in Spain 1967-70, the Azores in '71. I was young, learned the languages, mostly forgotten now, but I remember a great deal nonetheless. Would love to return as an adult... you have me beat on that score. I used to wander the streets of Seville when I was a kid... got chased a lot by the locals, and received my share tomato showers.
ReplyDeleteNo, that's an Sc word, like, "scatologically obsessed."
ReplyDeleteEric,
ReplyDeleteYou've got to go back, man. Relive those rich, rich memories. Spain is really taking off -- though in hiatus due to the world economy -- since Franco. So full of light and dry heat, tiled fountains in the center court of homes.
We can go back in a group you can re-conquer it for Christ and I can pray with the Imam in the Alhambra.