Quotes

"I was bold in the Pursuit of Knowledge, never fearing to follow Truth and Reason to whatever results they led and bearding every authority which stood in their way" ~ Thomas Jefferson
Showing posts with label taxes. Show all posts
Showing posts with label taxes. Show all posts

Monday, October 4, 2010

Why Politics as Usual Will Sink America ... Part Three

JWT'S Journal: It’s All About Winning

by John Wayne Tucker

The people have the belief that there is an important difference between the two parties. While it is true that each party stands for different ideologies, they are exactly alike in one very important respect. Everything they do is about winning. Both sides will say and or do whatever it takes to win the elections. That means, unfortunately, that they are willing to sacrifice the best people for the people that they believe have the best chance to win.

Once again, it is important to site the issue of Christine O’Donnell. The party says they will not financially support or will not fully support the duly elected candidate because they do not believe she has the same chance to win that the party choice would have had. The only real concern is that the party wins as many seats as possible so that they can control the direction of the nation. That is a good thing, right? After all, we vote for a particular party because we support the issues of that party. Well, yes, we do support those platforms; however, it has become clear lately that the parties do not adhere to their own platforms. One of the reasons that people are so upset with the Republican Party is that they have failed to live up to their conservative agenda. And why do they fail to do that? They do that because, if you remember from the previous article, this is about making whatever deals and policies are necessary to appease everyone.

Thursday, July 15, 2010

Why Aren’t Republican’s Talking About This? - Patriotic Perspectives

by John Wayne Tucker, candidate, U.S. Congress, Missouri, 3rd District

Why Aren’t Republican’s Talking About This?

Your taxes are going up and they are going up big time. For some strange reason, no Republican candidate is talking about this pending disaster to the American people. And, of course, the Democratic Party is not going to be talking about the increases after Obama’s promise that no person making less than $250,000 would see any increase in taxes. But it is certain that you and everyone else will be raging angry in about six months when the 2001 and 2003 Republican tax cuts sunset on January 1st. This will be one of the biggest tax increases we have seen and it will be virtually across the board. Your income is going to be melting away. And all of this will come during the massively depressed economy and jobless rate that we already have. In case no one has noticed, small businesses are closing in record numbers and this tax increase will hurt those remaining small business directly and indirectly.
First, every income tax bracket will increase significantly. Even the 10% bracket will increase to 15%. And every other bracket will increase by similar amounts. That is 5%, not $5.00. This is a huge amount of increase for anyone’s income bracket. Counting on being married to help out? Well, there will be an increase in taxes for married people (the so called “marriage penalty”), a reduction of child tax credits by half and no more doubling of the child standard deduction for married couples. Counting on an inheritance? Sorry, the “Death Tax” will return. There will be as much as 55% on estates of One Million Dollars or more (and don’t think there are not a whole lot more of those than there have ever been). Work hard, be successful, save up something to leave your kids and give it to the government. Of course if you are going to be in a nursing home and use Medicaid, the government can just tear up your deed and make one with their name on it anyway. Getting an inheritance in America is practically impossible. So, you have been saving and investing your money. Sorry, Capital Gains tax is going up from 15 to 20%. Perhaps we would be better off to just enjoy our money when we get it. The dividends tax will rise from 15 percent this year to 39.6 percent in 2011, and another 3.8 percent in 2013. And don’t forget that Obamacare is not free. There are over twenty new taxes associated with that program that will also go into effect on Jan. 1, 2011.

No New 

Taxes
The final wave of taxes slated for this coming January includes the Alternative Minimum Tax (AMT) and Employer Tax Hikes. According to the Tax Policy Center, failure to index the AMT will cause the number of families forced to pay at a higher rate to increase from 4 million to 28.5 million families. The ability of small businesses to expense rather than depreciate equipment will reduce from $250,000 to $25,000. Large businesses can expense half of their equipment, but in January, 2011, no expensing will be allowed at all. Everything will have to be depreciated. In addition, there will be a large host of other business taxes that will increase. This along with the sagging economy will lead to lost jobs and a more depressed economy.
Furthermore, deductions for tuition will be eliminated, teachers will not be able to deduct personal moneys spent for classroom purposes, employers will be limited in the educational assistance they can provide (one of the best benefits provided by employers these days) and student loan interest will not be deductible. And finally, charitable donations will not be allowed by retired people from their IRA.
All of this means that the economy will get worse, personal wealth will decline, jobs will be lost and the economy will continue to sink. So why is no politician talking about this? I have no idea. But this non-politician says, “I will work to extend these tax cuts until we can find a way to improve the tax system so that the government does not make it impossible for us to enjoy the benefits of our hard work.” I have signed many pledges, including the No Death Tax pledge, but the most important pledge I have signed is the one that I created for myself. You can find it on my web site http://johnwaynetucker.com/pledge.html. No politician would sign such a pledge, but then, I am not a politician. Not only do I recognize the dangers inherent in the tax increases, but I am committed to prevent that disaster. Nobody else is even talking about it. I am promising to work to fix it.
But to do that, I need you to select John Wayne Tucker in the primary on August 3rd. Please donate, spread the word and most importantly vote on August 3rd.
John Wayne Tucker
 
John Wayne Tucker

John Wayne Tucker
Candidate for United States Congress



Tuesday, January 19, 2010

Memo to Mr. Obama: Time to Read the Tea Leaves…

by Clio

In an act as symbolic as the Boston Tea Party in December 1773, Massachusetts voters went to the polls in record numbers to send Washington a clear and unambiguous message by electing Republican Scott Brown over Democrat Martha Coakley to fill the late Senator Ted Kennedy’s seat in the United States Senate.

Brown is the first Republican since the 1970s to be elected to the U.S. Senate by Massachusetts voters.

Senator-Elect Brown campaigned on a platform that objects to the Obama administration’s haste and waste method of government. He opposes big government, the immensely unpopular healthcare plan and the egregious 13-trillion dollar national debt incurred by Mr. Obama’s policies.

Tonight’s election results are, in effect, a priority memo to Washington: it’s time to read the “tea leaves.”

The unusually high number of voters tonight is indicative of scenarios that will, predictably, be played out across the country in the coming months and years: voters flocking to the polls to the express their outrage at Mr. Obama’s aggressive and tax-heavy agendas, including the much-repudiated healthcare legislation, Senate and Congressional bribery (for example, Landrieu’s “Louisiana Purchase” and Nelson’s Nebraska “Cornhusker Kickback”) and his full back-track on campaign promises.

Accountability is the new keyword for American voters. We’re searching for it and we will have it. Lawmakers who prefer to follow the ill-conceived agendas and legislation of Mr. Obama’s government, in defiance of their constituents’ desires and best interests, may find themselves unemployed in the near future.

In 2008, a slight majority of Americans voted for Mr. Obama, based on his lofty campaign promises of hope and change. It is almost exactly one year after his inauguration and we have witnessed change in our country: sloppy, hasty, poorly-conceived and executed changes, i.e., the Guantanamo Bay closure and plans to try terrorists in civil trials in New York courthouses.

Change, yes, but not the “change we need.” It’s the kind of change that Mr. Obama, Speaker Nancy Pelosi and Senate Majority Leader Harry Reid (who is currently lagging in his re-election polls in Nevada) want to cram down our national gullet by any means possible.

We can only hope that, in the upcoming races, the electorate will send a message to Obama, Pelosi and Reid as easy to decipher as history’s Boston Tea Party and Senator-Elect Scott Brown’s victory tonight in Massachusetts: America doesn’t want your healthcare plan and exorbitant taxes.

We do not want big government, 13 trillion-dollar debts or ineffective bailout plans. We do want you and the party in power (Democrats) to listen: for most of the past year, Americans have stood up in Town Hall meetings and strongly expressed their concerns regarding Medicare cuts, fundamentally-flawed healthcare legislation and other bills that were forced through the House and Senate, often without allowing our representatives time to read the hefty, 1000-plus page documents.

In recent months, Americans took to the streets to march in peaceful protests, rallies and tea parties across our nation. Mr. Obama, Sen. Reid and Speaker Pelosi – you didn’t listen. You maligned and ignored the people you govern.

Now, America is heading to the polls with a message you can’t ignore: “Good Bye.”



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