Thursday, February 26, 2009

$25, 573.48 - what Barack Obama's budget will cost each taxpayer

Posted By: Toby Harnden at Feb 26, 2009 at 19:06:47 [General]

So how much will President Barack Obama's budget cost us? The projected 2010 budget of $3.552 trillion can be found on page 114 of the "New Era of Responsibility" budget here.

The US Census bureau estimates that the current US population is 304,059,724. Dividing the $3.552 trillion by that gives us close to the $11,833 that Drudge came up with. ABC's Jake Tapper reports that there wil be $989 billion in new taxes over the next decade.

I'm an American taxpayer and the starkest figure is what this could cost me. The latest figure I could find for the number of US taxpayers is 138,893,908 returns in 2007 here. By my reckoning, that's $25, 573.48 each.

so you think the new taxes don't apply to you.. haha.. think again... if you breath.. you will pay more taxes...

Obama's Budget: Almost $1 Trillion in New Taxes Over Next 10 yrs, Starting 2011

February 26, 2009 12:00 PM

President Obama's budget proposes $989 billion in new taxes over the course of the next 10 years, starting fiscal year 2011, most of which are tax increases on individuals.

1) On people making more than $250,000.

$338 billion - Bush tax cuts expire
$179 billlion - eliminate itemized deduction
$118 billion - capital gains tax hike

Total: $636 billion/10 years

2) Businesses:

$17 billion - Reinstate Superfund taxes
$24 billion - tax carried-interest as income
$5 billion - codify "economic substance doctrine"
$61 billion - repeal LIFO
$210 billion - international enforcement, reform deferral, other tax reform
$4 billion - information reporting for rental payments
$5.3 billion - excise tax on Gulf of Mexico oil and gas
$3.4 billion - repeal expensing of tangible drilling costs
$62 million - repeal deduction for tertiary injectants
$49 million - repeal passive loss exception for working interests in oil and natural gas properties
$13 billion - repeal manufacturing tax deduction for oil and natural gas companies
$1 billion - increase to 7 years geological and geophysical amortization period for independent producers
$882 million - eliminate advanced earned income tax credit

Total: $353 billion/10 years


and in the process - The great anointed will literally KILL small business, the job and revenue generating engine of our country...  and as he kills the new businesses and old... and dries up new jobs creations.... he will be driving up our dependence on foreign oil... and sending our wealth overseas for energy...  and also you can get ready to pay much much higher tabs at the grocery store too, as he is eliminating the subsidizes to the Amercian farmer, the payment that allows Mr. Farmer to stay in business.... this man and the folks he put in place, besides being tax cheats... and losers... and idiots... well, you just fill in the blank_____________.       and the other thing that is not being mentioned is inflation... yelp, it is coming... so get ready for 35% interest on your credit cards, 20% interest at the bank, and that zero car loan will become 20 to 25%... we had it back in the late 80's... and it's coming again...   so inflated prices, high interest, less petroleum, higher taxes on small business, and more taxes paid by all...   


Wow... just what I was thinking the USA needed... someone who is in charge who thinks we can spend our way out ... haha.. tell that to your friendly banker when applying for another extension on that note... Well, I only have so much income so I think I will borrow more to have more .... haha... and oh yeah, buy the way Mr. Banker, I am thinking of applying for a Government Job, so I won't be paying taxes either...  


bet that will fly..... haha... 


have a great day... and take a deep seat... we are in for a big ride.

The Cal Ripken President
As Obama prepared to deliver his address to Congress on Tuesday, the Republican House Minority Leader John Boehner, Fox News' Bret Baier and Charles Krauthammer all gushed that history was being made as the first African-American president appeared before Congress.
    
Even Gov. Bobby Jindal, whom I suppose I should note was the first Indian-American to give the Republican response to a president's speech, began with an encomium to the first black president. (Wasn't Bobby great in "Slumdog Millionaire"?)
    
Are we going to have to hear about this for the next four years? Obama is becoming the Cal Ripken Jr. of presidents, making history every time he suits up for a game. Recently, Obama also became the first African-American president to order a ham sandwich late at night from the White House kitchen! That's going to get old pretty quick.
    
But as long as the nation is obsessed with historic milestones, is no one going to remark on what a great country it is where a mentally retarded woman can become speaker of the house?
    
Obama spent more than twice as much time in his historic speech genuflecting to the teachers' unions than talking about terrorism, Iraq or Afghanistan. So it was historic only in the sense that Obama is the first African-American president, but was the same old Democratic claptrap in every other respect.
    
After claiming that the disastrous stimulus bill would create or save 3.5 million jobs -- "more than 90 percent" in the private sector -- Obama then enumerated a long list of exclusively government jobs that would be "saved." 
    
He was suspiciously verbose about saving the jobs of public schoolteachers. Because nothing says "economic stimulus" better than saving the jobs of lethargic incompetents who kick off at 2 p.m. every day and get summers off. Actually, that's not fair: Some teachers spend long hours after school having sex with their students.
    
As with the Clintons, Obama so earnestly believes in public school education that he sends his girls to ... an expensive private school. He demands that taxpayers support the very public schoolteachers he won't trust with his own children.
    
It is one thing to tell voters that school choice is wrong, because, you know, the public schools won't get better unless Americans sacrifice their children to the teachers' union's maw. But it is quite another for Democrats to feed their own kids to the union incinerator.
    
Consequently, no Democrat since Jimmy Carter has been stupid enough to send his own children to a public school.
    
And yet the stimulus bill expressly prohibits money earmarked for "education" to be spent on financial aid at private or parochial schools. Private schools might use it for some nefarious purpose like actually teaching their students, rather than indoctrinating them in anti-American propaganda.
    
The stimulus bill includes about $100 billion to education. By "education," Democrats don't mean anything a normal person would think of as education, such as learning how to talk good. "Education" means creating lots of useless bureaucratic jobs, mostly in Washington, having nothing to do with teaching.
    
Apparently, nothing irritates public schoolteachers more than being asked to teach. While 80 percent of the employees of private schools are teachers, only half the employees of public schools are. The rest are "coordinating," "facilitating" or "empowering" something or other.
    
The Department of Education alone provides more than 4,000 jobs that haven't the faintest connection with teaching. And now the stimulus bill will double the Education Department's funding. (For those of you who went to a public school, that means it will become twice as big.)
    
We've come a long way from Ronald Reagan promising to eliminate the Education Department, which itself was a Jimmy Carter sop to the teachers' unions.
    
Federal meddling in education has been an abject failure, so the Democrats' plan is to keep doing more of the same. If only there were some aphorism about people who fail to learn from history -- oh, well!
    
It can't be easy to reduce the educational achievement in America year after year, but the education establishment has done it! Yes they can!
    
Thanks to the hard work of thousands of government workers at the Department of Education and well-paid teachers' union employees, American schoolchildren perform worse on education tests for every year they spend in a public school.
    
It turns out that being in U.S. public schools has the same effect on people as hanging around Paris Hilton does.
    
In fourth grade, the earliest grade for which international comparisons are available, American students outperform most other countries in reading, math and science. Fourth-graders score in the 92nd percentile in science, the 58th percentile in math and the 70th percentile in reading, where they beat 26 of 35 countries, including Germany, France and Italy.
    
But by the eighth grade, American students are only midrange in international comparisons. (On the plus side, by the eighth grade they're noticeably fatter.)
    
By the 12th grade -- after receiving the full benefits of an American education -- Americans are near the bottom. Let X represent the number of years spent in U.S. public schools, and Y represent average test scores in math and reading -- oh, never mind.
    
With an additional eight years of a public school education under their belts, Americans fall from the 92nd percentile in science to the 29th percentile. While American fourth-graders are bested only by South Korea and Japan in science, by 12th grade, the only countries the American students can beat are Lithuania, Cyprus and South Africa.
    
Which suggests that if public education were extended all the way through college, by the time a student gets to graduate school he might very well be qualified to be ... speaker of the house!

Wednesday, February 25, 2009

Spring?

"Formal education will make you a living; 
self-education will make you a fortune."

— Jim Rohn

Well, well, well.... right on cue....

Our most gracious idiot VP who can't chew gum and talk at the same time....   sigh.. what a national disgrace he must be to our Anointed leader... he sure it to the rest of us...  

Just a while ago... Mr. Biden... who last night was given 4 mins of national attention as being the man in charge of recovery... forgot... yelp..you guessed it.. forgot the name and address of the website he is in charge of .. he is in charge of what.. yelp.. recovery     dot    gov.... kind of hard to remember when your mouth is constantly overloading your brain...   what a joke we have for leadership... and just when we need it....

did you notice how in being instructed in how to live our lives, it was stated but it was just a moment in passing that there was a bill for the Anointed to sign (remember, this is the same person who said he would promise to go through bills line for line with that red pencil marking off the pork.. yeah, right) that would put in place another almost two BILLION with almost 9000 earmarks for real important life and death items, like 2000000 for tattoo removal in CA, 900000 for stable flies in NE, Sen Ted Kennedy center for the senate...5.8 million.... and they talk about the bankers gone wild.. these are the nuts who are supposed to be guarding the hen house... with the chief cheer leader jumping up and down making wild and ridiculous statement, the assistant cheer leader out of his mind and can not even remember what his position is, or it's name.... and then how embarrassing to watch the bimbo who looked so enamored with the anointed that she wanted to jump his bones.. throw him down and have her way with him on the podium... 

how this group must look to the world around us... where there used to be respect and decorum, there is now none... used to be decisions were made out from wisdom, integrity, and fortitude are now being made on the fly, with haste, no thinking through, no wisdom, no respect of history, and no fore site. It seems now it's cool to make a decision, not how or why or should we, just make it and travel on... 

have you read the numbers on who and what in our nation... 80% of the nations wealth comes from small business... small business is 250,000 and more per year, a very easily attainable figure if one has any type of business at all.. and yelp, you guessed it, if you make over 250000 your taxes will go up.. sigh...   how wonderful....      and who do we need to generate the new wealth and make jobs...in USA? yelp, small business... it was reported on CNN that in the last 5 years, the Fortune 500 companies accounted for zero NEW jobs...  all new jobs created in the USA in the last 5 years came from yes, you guessed it, SMALL BUSINESS!   

another known but never stated loudly is most under 250000 don't pay taxes anyway....

the the top 2% he talks about... he is raising their taxes... gosh.. talk about biting the hand that feeds you... we are counting on their money paying our way.. yeah, right...   let's see the great leaders tax return... or better yet, his birth certificate that proves he a indeed "born in USA".

Tuesday, February 24, 2009

When you think you have conquered the world... remember that

"Mosquitoes can ruin the hunt for big game."

David Allen

Monday, February 23, 2009

Is Your March Madness Office Pool Legal? 
Author(s): Maynard Ontario

The smell of freshly-pressed bracket sheets fills the office air. The water cooler talk of upsets, sure things, and Cinderella stories remind us that March Madness, college basketball's championship tournament, is here again. 

For many Americans, the March Madness office pool is a sacred tradition. According to online gambling site LazerWager, 2008 March Madness office pools were worth more than $2.5 billion with 27% of American employees participating. But while you study the match-ups and make your picks, you may be asking yourself: "Is my office pool legal?" 

In short: No. Betting on college sports is legal only in Nevada, where it now brings in more than $600 million a year. Though the FBI may not be conducting 24-hour surveillance on your cubicle, participating in or organizing inter-office gambling, like all unlicensed sports betting, is illegal. In most states, involvement in such pools can result in a misdemeanor charge and up to one year in prison. 

In reality, the likelihood of facing prosecution for participating in an office betting pool as an employee or employer is virtually nonexistent. Employers, however, face significantly higher risk than employees. And if you're the company owner, the liability risk may be more than you're willing to accept. Many bosses and owners may laugh at the fact that their "little office pool" is actually illegal. And although the risk of prosecution is low, if you own the company, you need to be aware that March Madness can pose serious legal liabilities. 

Though you may have to be the party pooper, it is up to the company owner to set certain rules regarding gambling at work. A clear, concise section in your company's employee handbook should explain the legalities involved in inter-office betting. If you decide to prohibit or restrict gambling at the workplace, explain both the workplace and legal consequences so employees are aware that you take the issue seriously. 

If you own the property where your workplace is located, you have even more liability risk. The owner of the premises where gambling is conducted is subject to the same criminal liability as the organizers and participants whether or not he or she is involved in a single bet. 

The other side of the coin is that office pools usually carry low bet amounts and can create camaraderie among employees. The possibilities of long-shots and underdog victories make March Madness one of the most exciting events in sports; even non-sports fans are easily swept up in the enthusiasm. Following a team, trash-talking with friends, and putting a little money down add to the fun and can help foster a sense of community among employees. 

If you do decide to organize or allow an office pool, you can reduce your liability risk by keeping the stakes low and separating gambling and work. Avoid online brackets and keep your pool on paper. Prevent disruption at work by prohibiting game-watching over the Internet and encouraging pool participation only during breaks and lunch. Rather than using the typical buy-in bracket model, allow everyone to participate for free and simply provide prizes for the winners. Organize after-work parties to watch the games together. Make it fun—you may be able to build camaraderie without the added risks. 

Good luck with your brackets!

from trisha: lunch anyone?

would you be surprised to learn....

The co-chairs of the task force -- Treasury Secretary Timothy F. Geithner and White House National Economic Council Director Lawrence Summers -- both own foreign automobiles.

but then the chief tax cheat and man in charge of our money, sigh, is a 'cheat' so why would we be surpised that he does not support American industry???  


yesterday I rec'd this

neat birdbath from Jon. Randi and kiddos.
I also rec'd an OK FLAG for our park...
and a neat book from Paul and Heather and kiddos...
MK got me an awesome coffee mug dealy from OSU Vet teaching hospital.
and i know much more so don't get mad... I am thankful that the good Lord allowed us the opportunity just to get together... who knows when it will be our last?
love to all for cards and calls and emails and text etc