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Philly forces bloggers to pay $300 for business license

Philly forces bloggers to pay $300 for business license

http://www.youtube.com/watch?v=iROltqT9QZg

Philly Mayor Defends Tax on Bloggers

 



Greenspan: End Bush tax cuts

Greenspan: End Bush tax cuts

Raw Story
August 1, 2010

Former Federal Reserve Chairman Alan Greenspan believes that the US should “follow the law” and let the Bush tax cuts lapse. He disagreed Sunday with Republicans who say that tax cuts pay for themselves.

“I am very much in favor of tax cuts but not with borrowed money,” Greenspan said during an appearance on NBC.

“The problem that we’ve gotten into in recent years is that spending programs with borrowed money, tax cuts with borrowed money, and at the end of the day that proves disastrous and my view is I don’t think we can play subtle policy here,” said Greenspan.

“You don’t agree with Republican leaders who say tax cuts pay for themselves?” asked NBC’s David Gregory.

“They do not,” Greenspan replied firmly.

Read Full Article Here

http://www.youtube.com/watch?v=Gwm0ESZJSRI

Six Months to Go Until
The Largest Tax Hikes in History

 



6 Months Until The Biggest Tax Hikes in History

6 Months Until The Biggest Tax Hikes in History

ATR
July 7, 2010


“I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.” Obama

In just six months, the largest tax hikes in the history of America will take effect. They will hit families and small businesses in three great waves on January 1, 2011:

(N.B. This version of the document contains even more tax hikes than the original version did)

First Wave: Expiration of 2001 and 2003 Tax Relief

In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families. These will all expire on January 1, 2011:

Personal income tax rates will rise. The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed). The lowest rate will rise from 10 to 15 percent. All the rates in between will also rise. Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates. The full list of marginal rate hikes is below:

– The 10% bracket rises to an expanded 15%
– The 25% bracket rises to 28%
– The 28% bracket rises to 31%
– The 33% bracket rises to 36%
– The 35% bracket rises to 39.6%

Higher taxes on marriage and family. The “marriage penalty” (narrower tax brackets for married couples) will return from the first dollar of income. The child tax credit will be cut in half from $1000 to $500 per child. The standard deduction will no longer be doubled for married couples relative to the single level. The dependent care and adoption tax credits will be cut.

The return of the Death Tax. This year, there is no death tax. For those dying on or after January 1 2011, there is a 55 percent top death tax rate on estates over $1 million. A person leaving behind two homes and a retirement account could easily pass along a death tax bill to their loved ones.

Higher tax rates on savers and investors. The capital gains tax will rise from 15 percent this year to 20 percent in 2011. The dividends tax will rise from 15 percent this year to 39.6 percent in 2011. These rates will rise another 3.8 percent in 2013.

Second Wave: Obamacare

There are over twenty new or higher taxes in Obamacare. Several will first go into effect on January 1, 2011. They include:

The Tanning Tax. This went into effect on July 1st of this year. It imposes a new, 10% excise tax on getting a tan at a tanning salon. There is no exemption for tanners making less than $250,000 per year.

The “Medicine Cabinet Tax” Thanks to Obamacare, Americans will no longer be able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin).

The HSA Withdrawal Tax Hike. This provision of Obamacare increases the additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent.

Brand Name Drug Tax. Starting next year, there will be a multi-billion dollar tax assessment imposed on name-brand drug manufacturers. This tax, like all excise taxes, will raise the price of medicine, hurting everyone.

Economic Substance Doctrine. The IRS is now empowered to disallow perfectly-legal tax deductions and maneuvers merely because it judges that the deduction or action lacks “economic substance.” This is obviously an arbitrary empowerment of IRS agents.

Employer Reporting of Health Insurance Costs on a W-2. This will start for W-2s in the 2011 tax year. While not a tax increase in itself, it makes it very easy for Congress to tax employer-provided healthcare benefits later.

Third Wave: The Alternative Minimum Tax and Employer Tax Hikes

When Americans prepare to file their tax returns in January of 2011, they’ll be in for a nasty surprise—the AMT won’t be held harmless, and many tax relief provisions will have expired. These major items include:

The AMT will ensnare over 28 million families, up from 4 million last year. According to the left-leaning Tax Policy Center, Congress’ failure to index the AMT will lead to an explosion of AMT taxpaying families—rising from 4 million last year to 28.5 million. These families will have to calculate their tax burdens twice, and pay taxes at the higher level. The AMT was created in 1969 to ensnare a handful of taxpayers.

Small business expensing will be slashed and 50% expensing will disappear. Small businesses can normally expense (rather than slowly-deduct, or “depreciate”) equipment purchases up to $250,000. This will be cut all the way down to $25,000. Larger businesses can expense half of their purchases of equipment. In January of 2011, all of it will have to be “depreciated.”

Taxes will be raised on all types of businesses. There are literally scores of tax hikes on business that will take place. The biggest is the loss of the “research and experimentation tax credit,” but there are many, many others. Combining high marginal tax rates with the loss of this tax relief will cost jobs.

Tax Benefits for Education and Teaching Reduced. The deduction for tuition and fees will not be available. Tax credits for education will be limited. Teachers will no longer be able to deduct classroom expenses. Coverdell Education Savings Accounts will be cut. Employer-provided educational assistance is curtailed. The student loan interest deduction will be disallowed for hundreds of thousands of families.

Charitable Contributions from IRAs no longer allowed. Under current law, a retired person with an IRA can contribute up to $100,000 per year directly to a charity from their IRA. This contribution also counts toward an annual “required minimum distribution.” This ability will no longer be there.

 

One percent transaction tax is proposed

Standard Examiner
July 9, 2010

President Obama’s finance team is recommending a transaction tax. His plan is to sneak it in after the November election to keep it under the radar. This is a 1% tax on all transaction at any financial institution i. e. Banks, Credit Unions, extra. Any deposit you make, or move around within your account, i. e. transfer to, will have a 1% tax charged. If your pay check or your social Security or whatever is direct deposit, 1% tax charged. If you hand carry a check in to deposit, 1% tax charged, If you take cash in to deposit, 1% tax charged.This is from the man who promised that if you make under $250,000 per year, you will not see one penny of new tax.

Keep your eyes and ears open, you will be amazed at what you learn.

2011: The Year Of The Tax Increase

New Tax on Gold Is Hidden in Obamacare

Help Oppose New Sales Taxes on Internet Business

 



Help Oppose New Sales Taxes on Internet Business

Help Oppose New Sales Taxes on Internet Business

eBay
July 27, 2010

On July 1st, a bill was introduced in the United States House of Representatives which would impose complex sales tax collecting requirements on internet retailers and entrepreneurs, including our eBay sellers. If passed, HR 5660, the so-called, “Main Street Fairness Act,” would require small online retailers to comply with varying and regularly changing sales tax rules and rates for thousands of tax jurisdictions and to collect and remit sales taxes from each customer.

This new sales tax scheme would be extremely burdensome and costly to small online retailers like you who have set up shop on the internet. A similar bill is expected to be introduced in the Senate as well. eBay is working very hard to stop this bill from becoming law, but we need your help!

Please join our effort to stop the passage of this anti-small business bill. In three minutes or less, you can sign this petition urging your lawmakers to protect small, online retailers by opposing new tax burdens.

Sign The Petition Here

 



Bilderberg: Raise Taxes, Cut Services in U.S. and Europe

Bilderberg: Raise Taxes, Cut Services in U.S. and Europe

NoWorldSystem.com
April 11, 2010

The Bilderberg Group will meet in Sitges Spain on June 3-6 in efforts to advance their agenda for a new global economic system, they will agree to prolong the recession until 2011. The Bilderberg will discuss plans to level the living standards of Europeans and Americans with 3rd world countries so that we’re all poor together under their World Government Dictatorship.

Bilderberg watcher Jim Tucker discusses his inside information on the groups current agenda; they intend to make all “Europeans and Americans to pay higher income taxes because their plan to level the world so that 3rd world countries rather than living the European and American standard of living drops until we’re all poor together under their world government.” says Jim Tucker. “They manipulated the worldwide depression and now their exploiting it for their own selfish reasons, they intend to [prolong the recession] at least until 2011 for their own purposes, and now we have Bernanke (Bilderberg Member) telling a private group businessmen in Texas ‘it always seems easier putting them off until the day they cannot be put off any more’ he said that ‘we’ve got to raise taxes and cut services.'”.

UPDATE

This week, both past Bilderberg attendees Bernanke and Volcker called out for tax increases.

Bernanke said quote; “These choices are difficult, and it always seems easier to put them off — until the day they cannot be put off anymore.” “To avoid large and ultimately unsustainable budget deficits, the nation will ultimately have to choose among higher taxes, modifications to entitlement programs such as Social Security and Medicare, less spending on everything else from education to defense, or some combination of the above,”. [Source]

Obama’s economic adviser Paul Volcker has promoted an economy killing tax called the ‘Value-Added Tax’ (VAT), on Tuesday he urged the U.S. should raise taxes to help bring deficits under control and add a new European-style VAT tax along with a carbon or other energy-related tax and raise existing taxes, here’s what he said; “If at the end of the day we need to raise taxes, we should raise taxes,”. [Source]

http://www.youtube.com/watch?v=IpfCasUwYgQ

Prisonplanet.com
April 9, 2010

This year’s confab will focus around prolonging the global financial recession and creating more economic woe in order to provide the pretext for more regulation in pursuit of world economic governance, according to Jim Tucker’s sources.

“Bilderberg hopes to keep the global recession going for at least a year, according to an international financial consultant who deals personally with many of them. This is because, among several reasons, Bilderberg still hopes to create a global “treasury department” under the United Nations. Bilderberg first undertook this mission at its meeting last spring in Greece, but the effort was blocked by nationalists in Europe and the United States. “Nationalists” (a dirty word in Bilderberg) objected to surrendering sovereignty to the UN,” writes Tucker.

Tucker’s source highlighted a recent speech by French President Nicolas Sarkozy in which he called for a “new global monetary order.” As we have highlighted, such rhetoric has been abundant over the past year, with British Prime Minister Gordon Brown and EU President Herman Van Rompuy repeatedly echoing similar ideas.

As Bilderberg investigator Daniel Estulin revealed during last year’s Bilderberg meeting in Greece, elitists were planning to paint a false picture of economic recovery in order to sucker investors into ploughing their money back into the stock market, which is exactly what has happened with the Dow soaring back to just below the 11,000 level.

Estulin correctly predicted the housing crash and the 2008 financial meltdown as a result of what his sources inside Bilderberg told him the elite were planning based on what was said at their 2006 meeting in Canada and the 2007 conference in Turkey.

“Bilderberg’s ultimate goal remains unchanged,” writes Tucker. “Turn the UN into a world government with “nation-states” becoming merely geographic references. The European Union is to become a single political entity, followed by the “American Union” and, finally, the “Asian-Pacific Union.” The “American Union” is to include the entire Western Hemisphere, including Cuba and other offshore islands.”

Bilderberg to Prolong Global Financial Recession For Another Year

Bilderberg Elite Plan Economic Depression

 



Great American Tax Strike April 15-18th

Great American Tax Strike April 15-18th

http://www.youtube.com/watch?v=yi0MzHsgkuc

 



Clinton Bush Haiti Fund is a Scam

Hurricane Donation Benefited Bush Son

LA Times
March 25, 2006

In a city housing thousands of Katrina evacuees, Barbara Bush’s donation to a local hurricane relief fund normally would not seem controversial.

But more than a few eyebrows were raised when the former first lady stipulated that part of her contribution was to be spent on educational software purchased from her son Neil’s company, Ignite Learning of Austin, Texas.

“I would think if she wants to do something beneficial for Katrina victims, she shouldn’t be making the decision that the vendor is her son,” said Daniel Borochoff, president of the American Institute of Philanthropy, a charity watchdog group. “Other education experts need to be making that decision, not somebody who has a family interest in the success of her son’s business.”

Barbara Bush’s donation to the Bush-Clinton Houston Hurricane Relief Fund was made a few weeks ago, said Steve Maislin, president of the Greater Houston Community Foundation, which administers the fund. That fund, which supports Houston-area relief efforts, is not connected to the national Bush-Clinton Katrina Fund, he said.

The Houston fund forwarded Bush’s donation to another nonprofit organization, which bought the software.

“There are a lot of students who went through Katrina and Rita in the Houston area, and she wanted to do something very specific to help them,” Jean Becker, chief of staff for former President George H.W. Bush, said of Barbara Bush.

“She is a huge fan of her son’s software program — it has gotten great reviews from teachers and students — and she wanted to make sure it was available to the students.”

Maislin would not disclose the amount of the donation, but he said it was not unusual for a contributor to specify how his or her money should be spent.

“It’s common for someone to say: ‘I want to give money, but I want it to go to a certain organization,’ ” he said.

But Borochoff said donors who direct that their money be used to buy products from a family business set a bad precedent.

“If everybody started doing that, it would ruin our whole system for tax-exempt organizations, because people would be using them to benefit their business rather than for the public benefit. That’s not why our government gives tax deductions for donations,” he said. “I hope other donors across the country don’t start dictating that their contributions go to their family business. That would be a rip-off of our tax system.”

Bush contributed to the relief fund instead of directly to her son’s company to help publicize the nonprofit, Maislin said. “It helps us when someone with her visibility contributes. We could advertise the fact … and help build momentum” for donations.

 

Criminals want your money: “Just Send Your Cash”

Are you really going to trust your money to Mr. WMD and cocaine money-laundering Clinton with your Haiti donation? Find a trustworthy charity backed by the Better Business Bureau.

http://www.youtube.com/watch?v=RjuB5lADNGs

 

Practically Family: Clinton And Bush

http://www.youtube.com/watch?v=aCr4qLtbFaQ

Obama asks George W. Bush to assist Haiti relief efforts