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Category Archives: U.S. Tax Code

The Curable Are Incurable

Many Democrats, and Republicans are very busy being, Democrats, and Republicans with little time to notice the issues.  They are quite interested, and focused on their candidates getting elected to take the country in the same direction.  As long as they can keep you believing that there is a difference, they will.

They have both contributed to the sum total of the United States economic condition, and every other issue that surrounds that economy.  They are both responsible for laws placing more, and more limitations upon us, and enclosures around us with every new bill CONgress votes in to law. Just as the herd is being corralled in an orderly fashion so,  is the population of the United States.

The government wants to regulate every move you make.  Your remaining freedoms are soon to be violated.

This blog will be dealt with accordingly.  New laws regulating the internet, to protect you from those peering in will be the bottom line reasons given.  That is not the truth.  We have known, and dealt with those who spy upon us, and yet, we’re okay with continuing.  We are adults, in a free society, and we are dealing with it.  Leave us to do that or, is there some underlying reasons for the proposed internet laws?

Let me guess.  Control.  Money.  More control of information.  That is how dictatorships begin.  Control of information.  For those left on the internet, you will pay a premium fee to the providers as it will cost them more to provide a tiered internet.

There are no benefits for the general public just more enclosures, more limitations.

Try bringing a school lunch to a public school that is not up to USDA standard in some locales.  The control is beginning to take place.  You can’t do that, any more.  Not on government property.  It is becoming government property not, public property.  Government schools, not public schools.

Health care.  Look how your government has made health care so difficult with a multitude of variations, limitations, and enclosures that, no one can understand.  Those suffering from that which is curable, can’t be cured because of the number of restrictions upon prescription medicines, and treatments.

Look at all of what you can’t do without the unnecessary licenses, permits, etc. There are some necessary but, some are not. Whole government agencies are kept in business for the unnecessary.

The government is suppose to be representing the majority of individuals, and not answerable to religions or, corporations but, only to assist those individuals within them.

There wasn’t suppose to be a public policy on abortion.  That should be between the healthcare provider, and the individual patient.  Those professing a religion know or, should know, their ‘God’ did not create them to be a judge as there is, only one judge.  It is not our business to intervene as according to my understanding of religion, we’re not to be in the way of someone, and ‘God.’  And yet, diverse to the tenets of all religion, many of you stand between someone, and their ‘God,’ using government as a way to do that.

The original reasons given for government was to provide public transportation, and services for the common good.  That’s it. Nothing else.

Look where your CONgress has gotten you with, their far reaching tentacles.  An economy that was once great, and now suffers.  Limitations, and enclosures on everything you say or, do. 

Ask Chinese, Canadian,  Australian, and Iraqi  children which country they think is the greatest.  They are being taught nothing different in their homelands as we teach in the U.S.A.  Instead of knowledge, children are fed an allegiance to the best, their own. There is comparatively nothing wrong therefore, be grateful.  That’s all that is necessary for the schools to teach.

In other countries, schools use the negative transparency of the United States as an example.

These are some of the issues presented by, Occupy Wall Street.  Occupy is finding out occupying was a good strategy but, only to get some needed initial attention.  Occupy must move forward from their initial strategy, and take action from within to become legitimized.

We must also take a closer look at Republicans, and Democrats, voting them out while we can so, America reigns once again as an example for a free world.  Where once again, the world’s population looks at us as, an example.

 

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TACKS DON’T HAVE TO HURT

If applied properly, tacks won’t hurt…..much.

Tax Preparation

Image by agrilifetoday via Flickr

Herman Cain may have been on to something with the flat tax.  As for the income tax, it could be applied evenly, without it becoming a class warfare issue.

Nobody pays tax on the first $15,000/yr. of income.  Nobody! 

Example:  Two incomes, and one child in a household.  Income tax is deducted from each of the two individual paychecks after the first $15,000 of new income on each of their checks.  This provides for living expenses including mortgage payments, and rent on an equal basis.  This also accounts for basic living expenses.

The only pre-tax expenses would be medical, and retirement.  Medical insurance, and 401k expenses deducted from paychecks would be deducted from the initial taxable income before $15,000/yr. amount is levied.

All dependents under the age of 25 would be a deductible expense at $5000.  Most dependents living at home in to their 20s are usually college students expected to reach their educational expectations by, the age of 25.  Dependents over that age would be considered because of a disability, and/or achieving a senior age, not receiving any income beyond a minimum taxable rate.

Let’s play with this a little bit with some arbitrary figures.  A $25,000/yr. paycheck to one person in the household, the other with $18,000/yr.  One person must pay tax on $10k, the other on $3k.  The dependent allowance would be deducted from the greater income, leaving $5k taxable income.  Total taxable income for the household is: $8k. The federal tax paid is deducted from State taxable income, and states would follow the same basic model.

Capital gains tax, eliminated.  No more capital losses, either.  You are only taxed on actual money received, regardless of the source.  For tax purposes, you own responsibility for your investments in that context.  You lose, no deduction.  You gain, no tax just on the idea you’ve gained something that is not spendable.

As you can tell, this is more of a premise, and I haven’t thought this out completely but, I’m looking for that time, and place where 100% of us in the United States are treated fairly with, a single set of rules.

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Posted by on December 8, 2011 in U.S. Tax Code, Uncategorized

 

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NEVER ENDING DIVIDENDING DIRECTING

I have put a never ending dividend direction on my 401k but, concerned because Washington wants to tax me once as dividends are received to my account for reinvestment.  Then, they want a second go at them when I actually retire, as I literally receive the money.

Tax

Image by 401K via Flickr really taxes the mind, doesn't it?

Unbelievable!  If I’m getting this right, they want to tax me on something I don’t have as income then, they want to tax me again when, I literally get the income.  Isn’t that rich……..for somebody?

The markets had a decent day, yesterday but, a couple of my limit buys were exercised on reversals that occur for many reasons or, no reason at all even when, the market is doing well.  Looks like bulls in the majority at today’s open…….

Earlier this morning, it appeared the bears had a stronghold in the pre-markets but, as CNBC.com reports, China made a sweeping financial move, and the pre-markets reversed accordingly.

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