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Shared Responsibility Payment? – Today’s Quote

Your 2014 tax return will ask if you had insurance coverage or qualified for an exemption.  If not, you may owe a shared responsibility payment when you file in 2015. The Internal Revenue Service in Four-Tax-Facts-about-the-Health-Care-Law-for-Individuals Andrew’s Note:  Doesn’t it sound so much better when they call it a “shared responsibility payment” instead of a TAX.  Americans For Tax Reform calls the term Orwellian and it makes you wonder what other shared responsibilities the legislative, executive and judicial branches will select for us next.  Can’t you just hear the rallying call of the founding fathers ‘shared responsibility payments without representation is treason!’  I think ‘shared responsibility payment’ will have to be the next entry in our Newspeak, A Modern Political Dictionary FacebookPinterestGoogleRedditTwitterTumblrEmailPrintPocketMoreLinkedInLike this:Like...

Cruz Says Abolish The IRS – Today’s Quote

I think we ought to abolish the IRS and instead move to a simple flat tax where the average American can fill out taxes on postcard…  Put down how much you earn, put down a deduction for charitable contributions, home mortgage and how much you owe.  It ought to be a simple one-page postcard, and take the agents, the bureaucracy out of Washington and limit the power of government. Senator Ted Cruz Andrew’s Note:  Unfortunately instead of having less need for the IRS we’ve added a whole new line of business to their portfolio.  Beginning in 2014 the IRS will be monitoring your health insurance to make sure you’re in compliance with the Affordable Care Act AKA Obamacare…I guess it makes a kind of sense…the current level of taxation does make me sick! FacebookPinterestGoogleRedditTwitterTumblrEmailPrintPocketMoreLinkedInLike this:Like...

Reagan on Government’s View of The Economy – Today’s Quote

Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it. Union Leader and President, Ronald Reagan FacebookPinterestGoogleRedditTwitterTumblrEmailPrintPocketMoreLinkedInLike this:Like...

A Penny Saved Is A Government Oversight – Today’s Quote

A Penny Saved Is A Government Oversight. As seen on Heiner’s Insurance Center’s sign in Ogden Utah FacebookPinterestGoogleRedditTwitterTumblrEmailPrintPocketMoreLinkedInLike this:Like...

Civilized Taxes? – Today’s Quote

Taxes are what we pay for civilized society. Justice Oliver Wendell Holmes, Jr. Andrew’s Note:  When Justice Holmes wrote that Federal taxes were less about 4% of Gross Domestic Product (GDP), in 2012 Federal Taxes now consume about 16% of GDP and we spend a great deal more than that. FacebookPinterestGoogleRedditTwitterTumblrEmailPrintPocketMoreLinkedInLike this:Like...

Laffer on Government Spending – Today’s Quote

What I’m not saying is that all government spending is bad.  It’s not – far, far from it, but there is no free lunch, as a former colleague of mine used to say. There is no public tooth fairy.  Father Christmas does not work on the Treasury staff this year.  You can never bail someone out of trouble without putting someone else into trouble. Dr. Arthur B. Laffer FacebookPinterestGoogleRedditTwitterTumblrEmailPrintPocketMoreLinkedInLike this:Like...

Conservatives Damage the Constitution – Today’s Quote

Conservatives who favor federal “wars” on drugs, gambling and other behaviors should understand the damage they have done to the constitutional underpinnings of limited government. Dr. George Will via Tax-based morality: Slipping the constitutional leash Andrew’s Note:  I never cease to be amazed by the fact that in many places the government protects the people from the ‘evils’ of gambling by granting itself the sole concession in the form of State run lotteries or from the ‘evils’ of drinking by only offering alcohol through State owned ‘ABC’ stores.  How can anything be a crime when there is no victim?  In the land of the free we should even be free to make poor decisions. FacebookPinterestGoogleRedditTwitterTumblrEmailPrintPocketMoreLinkedInLike this:Like...

Americans Deserve the IRS – Today’s Quote

Individually, Americans do not deserve to be subservient to such a fear-mongering, intimidating and powerful agency as the Internal Revenue Service; but collectively, we do… In order to squeeze out of us half of what we produce [taxes and regulatory burden], a government tax collection agency must be ruthless and able to put the fear of God into its citizens. The IRS has mastered that task. Congress has given it powers that would be deemed criminal if used by others… The bottom line is that members of Congress need such a ruthless tax collection agency as the IRS because of the charge we Americans have given them. We want what the IRS does — namely, to take the earnings of one American so Congress can create a benefit for some other American. Don’t get angry with IRS agents. They are just following orders. Dr. Walter E. Williams via Americans Deserve the IRS FacebookPinterestGoogleRedditTwitterTumblrEmailPrintPocketMoreLinkedInLike this:Like...

Took All As No More Than Their Just Dues – Today’s Quote

From my earliest childhood I have been toiling & wearing my heart out for other people, who took all I could do & suffer for them as no more than their just dues. Senator John Randolph FacebookPinterestGoogleRedditTwitterTumblrEmailPrintPocketMoreLinkedInLike this:Like...

Williams on Taxation – Today’s Quote

Taxes are necessary to fund the constitutionally mandated functions of the federal government.  If Congress spent according to its authority under Article 1, Section 8 of our Constitution, taxes wouldn’t be any more than 5 percent of the gross domestic product, as it was between 1787 and 1920, as opposed to today’s 20 percent. Dr. Walter E. Williams via Price Versus Cost FacebookPinterestGoogleRedditTwitterTumblrEmailPrintPocketMoreLinkedInLike this:Like...

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