If you drive a car, I’ll tax the street,
If you try to sit, I’ll tax your seat.
If you get too cold I’ll tax the heat,
If you take a walk, I’ll tax your feet.
– Taxman, The Beatles< .
The State of Illinois is in the midst of a budgetary crisis with a 2016 budget deficit of over $5.3 billion. That number doesn’t include the $11 billion in bills for goods and services that the State has not paid for over 60 days which obviously causes issues for vendors, credit ratings, etc.
For the last two years the Democratically controlled legislature and Republican Governor Bruce Rauner have failed to pass a budget aggravating the problem even more as the State can’t make long term investments and instead must pass spending resolutions to plug holes.
The Democrats have said the only way out of the crisis is to tax. Rauner is open to some new taxes but also wants cuts in spending – something the Democrats are not willing to do as they would have to cut the pensions contributions for public workers. They say that would “harm middle class families and the working class.”
Actually, all it does is protect the unions voting for Democrats. A tax increase is still going to be passed down to the people no matter what.
For example, this year Chicago raised their taxes: (more…)
Today of course is April 15, which is the final day for getting your federal taxes done (unless you have applied for an extension.) to “celebrate” (or ease the pain) some establishments are offering deals on free or reduced food, services, and items. (Our favorite deal might be Sonny’s BBQ offering am “IRS” (Irresistible Rib Special) where barbeque rib meals are half price. Other merchants include Pizza Hut, McDonalds, Boston Market, and Sonics. A more complete list of deals (including free shredding of up to 5 pounds of documents at Staples (coupon required) and offerings can be found here.
Also tonight the Satellite Beach City Council will host a regular meeting starting at 7:00 PM.
Yesterday was “Tax Freedom Day” for the United States.
Tax Freedom Day is the day when the nation as a whole has earned enough money to pay its total tax bill for year. A vivid, calendar-based illustration of the cost of government, Tax Freedom Day divides all federal, state, and local taxes by the nation’s income. In 2014, Americans will pay $3.0 trillion in federal taxes and $1.5 trillion in state taxes, for a total tax bill of $4.5 trillion, or 30.2 percent of income. This year, Tax Freedom Day falls on April 21, or 111 days into the year.
The tax burden is more than Americans will spend on food clothing and housing combined.
If you calculate the date to include federal borrowing:
Since 2002, federal expenses have exceeded federal revenues, with the budget deficit exceeding $1 trillion annually from 2009 to 2012 and over $800 billion in 2013. In 2014, the deficit will continue to decline to $636 billion. If we include this annual federal borrowing, which represents future taxes owed, Tax Freedom Day would occur on May 6, 15 days later.
Somehow we can’t get this quote out of our mind:
A wise and frugal Government, which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circlue of our felicities. – Thomas Jefferson.
If you ever want to hear stories about the lunacy of some people rationalizing things by stating one thing when actually wanting another, go listen to a group of youth sports officials when they are resting at a tournament or after a game.
A friend of ours tells the story of umpiring a baseball game with another mutual friend. It was not a well played game and in the latter half of the game, a kid tried to stretch a single into a double. The left fielder threw the ball into the second basemen and as the player slid into the base, the second baseman applied the tag. The umpire waited a second to make sure the fielder had maintained control of the ball and then called the runner out. It was a routine play and one that shouldn’t have caused any issues but it did. The manager of the offensive team was ejected. The kid was close to going as well. From the stands, a parent who had never stepped on a ball field screamed “c’mon Blue! It’s for the kids!”
Uh huh. Sure.
In another case, a friend was set to work a couple of games in a basketball tournament. The Tournament Director showed up late. The facility in which the games were played was opened late causing everything to be pushed back. When that happened, the officials (who also have lives) were in some cases forced to leave because their games wouldn’t start on time and they had other commitments. Of the final eight games that day, our friend was forced to referee 4 of them. His day that started at 9:00 AM and was supposed to end by 3 PM, dragged on until 7:30 PM. Because he was working games and couldn’t get away, he didn’t have a chance to eat all day and by the end, well…. you can imagine. Running for miles without food, sweating and cooling down, being yelled at while on the court and questioned when off of it led to a picture that was not pretty.
After the last game a woman came up to him and said that she had just moved into the area and while her son had been playing in the league all year, the last game was her first game she had seen in person. She then told him that she had never seen such horrible refereeing and how the league sucked. Everything was wrong. The uniforms, the coaches, the other teams, the refereeing. You name it and in her opinion, it was horrible.
“It’s for the kids, you know,” she told our friend. (more…)
Even though he promised to bring Americans together, President Obama has used class-warfare tax policy to persecute and demonize successful entrepreneurs and investors. This mini-documentary from the Center for Freedom and Prosperity Foundation explains why the tax code shouldn’t be used for anything other than fairly and neutrally collecting a minimum amount of revenue to fund the legitimate functions of the federal government.
If that doesn’t worry you, the coming Taxmagedden should.
In January 2013, the largest tax increase in the history of the country will strike and it will impact everyone.
A horrifying combination of expiring pro-growth tax policies from 2001 and 2003, the end of the once-temporary payroll tax cut, and just a few of Obamacare’s 18 new tax hikes, Taxmageddon will be the largest tax increase EVER to hit Americans. It’s nearly $500 billion in one year, starting January 1. That’s two months away.
The number $500 billion is rather large and abstract, so The Heritage Foundation has broken down the expected tax increases per person just for 2013:
Families with an average income of $70,662: tax increase of $4,138
Baby boomers with an average income of $95,099: tax increase of $4,223
Low-income workers with an average income of $24,757: tax increase of $1,207
Millennials with an average income of $23,917: tax increase of $1,099
Retirees with an average income of $42,553: tax increase of $857
That’s pretty much everyone, isn’t it?
Obama and his policies are destructive to the country, and rob Americans of their economic and individual freedoms. (more…)
Just because we have never seen something before doesn’t mean it hasn’t happened, but this is a first for us.
Ford is not only recalling 2013 Escapes equipped with 1.6-litre four-cylinder engines, Ford is telling drivers to stop driving the vehicle until it can be repaired.
Leaky or faulty fuel lines have caused three vehicle fires in which no one has been hurt. (And the irony of getting out of a burning vehicle named “Escape” is not lost on us.)
Ford is serious about not driving the Escape:
Ford says owners should call dealers to get the problem fixed. If parts aren’t available, dealers will drop off loaner cars for use until the repairs can be made. Once the parts arrive, it will take less than an hour for technicians to replace the fuel lines, Zwiebel said.
The recall affects only 11,800 vehicles bit still, when was the last time you saw a recall where the auto company will bring a loaner car to you?
In a related driving story, California is looking at adding a “vehicle miles traveled” (VMT) tax. (more…)
WTHR in Indianapolis has done some research into what it is calling a “tax loophole.”
We have a different name for it but because we have a strict “no four letter word” policy here at Raised on Hoecakes, we won’t say what it really is.
You have heard the from those on the left that since immigrants pay taxes, we should not seek to deport them. It is true that illegal immigrants pay taxes such as sales taxes and gas taxes, but for the most part, they do not pay income taxes. For those immigrants who wish to pay income taxes, the government gives each illegal immigrant an “ITIN” which is short for “Individual Taxpayer Identification Number.” Using that number, the illegal immigrant can file income taxes.
But here’s the rub – they can also claim the child credit exemption on their taxes and many do: even if the children are living out of the country.
How much money are we talking about?
Four point two billion dollars a year. That is $4,200,000,000 taxpayer dollars that is being obtained fraudulently by illegal immigrants.
And what does the IRS do about it? Nothing. The report below details a tax preparer that blew the whistle on a number of people using this scam and never heard back from the IRS.
If this doesn’t make your blood boil, nothing will. (more…)