Category Archives: Taxes

CBO stuns! ‘Rich’ pay 106% of income taxes

A new Congressional Budget Office study has torn in hole in yet another one of President Obama’s insistent claims about the way things are.

The Congressional Budget Office study, “The Distribution of Household Income and Federal Taxes, 2010, ” shows that the top 40 percent of households, based on pre-tax income, paid a remarkable 106.2 percent of the nation’s income tax in 2010. Meanwhile, households in the bottom 40 percent paid “negative income tax,” receiving an average of $18,950 in government transfer payments while paying no federal income tax.

Read more here.

UNBELIEVABLE ABUSE OF POWER – The IRS Conservative Targeting Scandal in Five Minutes

Here’s What’s Included in Maryland’s Controversial ‘Rain Tax’

On the heels of Maryland’s decision to enact tough new gun laws, the ironically nicknamed state (the “Free State”) will now impose a so-called “rain tax” on its residents.

The “storm management fee,” passed by the state legislature in 2012, will go into effect following a decree from Democrat Gov. Martin O’Malley.

But first, a little background [via the The Gazette]:

In 2010 the Obama administration’s Environmental Protection Agency ordered Maryland to reduce stormwater runoff into the Chesapeake Bay so that nitrogen levels fall 22 percent and phosphorus falls 15 percent from current amounts. The price tag: $14.8 billion.

And where do we get the $14.8 billion? By taxing so-called “impervious surfaces,” anything that prevents rain water from seeping into the earth (roofs, driveways, patios, sidewalks, etc.) thereby causing stormwater run off. In other words, a rain tax.

The EPA ordered Maryland to raise the money (an unfunded mandate), Maryland ordered its 10 largest counties to raise the money (another unfunded mandate) and, now, each of those counties is putting a local rain tax in place by July 1.

The 10 areas affected by the “rain tax” include Montgomery, Prince George’s, Howard, Anne Arundel, Carroll, Hartford, Charles, Frederick, Baltimore counties, and Baltimore city.

“Fees will be calculated on the surface area of properties as the theory is that roofs, driveways and carparks create more potential for drainage problems and water contamination,” Metro explains. “Councils are supposed to determine how much to charge per square foot, but the fee depends on the size of the building and surrounding paved surfaces.”

Read more here.

Iowa Community College Uses Taxpayer Funds for Conference on How to Attack Conservatives and Christians

An upcoming conference being held at the Des Moines Community College will use taxpayer dollars to hold a breakout session on how to attack conservatives and Christians.

Here’s the description of the course from the conference website:

Young America’s Foundation broke the story:

A Young Americans for Freedom chapter is demanding its school to pull funding from an upcoming LGBT conference, claiming a bias against conservatives and Christians.

Des Moines Community College student Jake Dagel, who chairs the school’s Young Americans for Freedom chapter, is opposing the 8th Annual Governor’s Conference on LGBTQ (Lesbian, Gay, Bisexual, Transgender and Questioning) Youth and is calling for the school to pull its $1,000 sponsorship during a press conference announcing his chapter’s position. Dagel claims that conservatives and Christians will be bullied at the event.

“Any conference or event that attacks individuals for their beliefs is not diversity,” Dagel told the Iowa Republican. “We, the DMACC Young Americans for Freedom…believe that he LGBT community has every right to host this conference due to their First Amendment rights. However, as long as the conference hosts workshops that attack individuals, we will demand that DMACC revoke its sponsorship of tuition and taxpayer money from this conference.”

Read more here.

The Blood Of Patriots And Tyrants

“God forbid we should ever be twenty years without such a rebellion.
The people cannot be all, and always, well informed. The part which is
wrong will be discontented, in proportion to the importance of the facts
they misconceive. If they remain quiet under such misconceptions,
it is lethargy, the forerunner of death to the public liberty. …
And what country can preserve its liberties, if its rulers are not
warned from time to time, that this people preserve the spirit of
resistance? Let them take arms. The remedy is to set them right as
to the facts, pardon and pacify them. What signify a few lives lost
in a century or two? The tree of liberty must be refreshed from
time to time, with the blood of patriots and tyrants.
It is its natural manure.”

—Thomas Jefferson

Manny Pacquiao Says Goodbye to Boxing in the U.S., Blames High Taxes

Boxer Manny Pacquiao has shocked the sports with the announcement that he will no longer fight in Las Vegas — or any U.S. city, for that matter — because federal taxes have become too burdensome.

Obviously, this means he won’t be fighting Juan Manuel Marquez in September at the MGM Grand in Las Vegas as originally planned.

“But while promoter Bob Arum wanted it to happen, Pacquiao is now calling it a ‘no go’ due to the 39.6 tax hit he would take from the federal government [emphasis added],” the Washington Examiner’s Paul Bedard notes.

The Grover Norquist-founded Americans for Tax Reform weighed in on the Pacquiao exodus.

“Pacquiao’s concerns lie with the federal income tax. As Nevada is one of the nine states that do not have an income tax, Las Vegas has grown to become the home for major bouts because fighters do not have to worry about the state taking a bite out of their winnings or purse,” they told Bedard.

“Unfortunately, Nevada’s economic benefit is now overshadowed by the federal income tax rate,” the group added.

Read more here.