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Cost of Education
Apr 13th, 2011 by Mike

Read in the paper this morning that a school district in Maine is giving iPads to each enrolling kindergartner. Yes, that’s kindergartner. They’re getting the $700 models. I think I’ll go back to school.

No wonder the cost per student in the US is around 10 grand each.

As The Curtain Lifts
Jul 31st, 2010 by Mike

I read in this morning’s The Villages Daily Sun that there is a move afoot in Congress to repeal the part of the health care law that requires all businesses to file paperwork on all of their vendors from whom they buy $600.00 goods or services in a year. Small businesses are up in arms because of the expense and massive amount of paperwork required to accomplish this. Democrats and Republicans are both in favor of repealing this section of the health care law.

It was allegedly incorporated originally to collect $19 billion of estimated unpaid taxes. $19 billion to help “pay” for the bill. That the health care bill would pay for itself was just plain incorrect. Now the curtain is being lifted.

Oh, Good. Another Bailout
Dec 9th, 2009 by Mike

President Obama announced another bailout. It’s not likely to work, but he has to do something besides blame the “previous administration” for the economy.

Here’s why government spending won’t fix the economy: Government money has to come from somewhere.

  1. Taxes. Taxes come from the economy in the first place, so the net effect of government spending from taxes is zero.
  2. Borrowing. Sure that puts extra money in the economy, but because of the interest, each dollar spent is worth less than a dollar.
  3. Printing. Each extra dollar printed reduces the value of all the dollars already in circulation. Thus, each dollar spent is worth less than a dollar.

Government spending doesn’t create new wealth or extra jobs, it just redistributes money from those who pay taxes (or loan the government money) to those who help politicians get elected. 1I had a little help here from Glenn Beck’s Arguing With Idiots.

Footnotes   [ + ]

1. I had a little help here from Glenn Beck’s Arguing With Idiots.
The Reason for Taxes
Jun 8th, 2009 by Mike

“Remember, the reason government is funded by taxes is because it produces almost nothing that people will pay for willingly.”  — Mark Hillman

Federal Income Taxes and You
Apr 17th, 2008 by Mike

 The Congressional Budget Office released the following figures: 1Historical Effective Tax Rates: 1979-2005. Released December 2007

 

% of
Population
Approx Annual
Income
% of Tax
Burden Paid
Top 1% $1.3 M or more 38.8%
Top 20% $512 K or more 86.3%
Top 40% $58 K or more 99.4%
Bottom 60% Less than $58 K 0.06%
Bottom 40% Less than $37 K 0.00% 2Many in the category will get money “back” even though they paid no taxes.

 

Read the rest of this entry »

Footnotes   [ + ]

1. Historical Effective Tax Rates: 1979-2005. Released December 2007
2. Many in the category will get money “back” even though they paid no taxes.
Pay It With Pork
Aug 9th, 2007 by Mike

Congressional leaders are recommending a 5 cent tax hike per gallon of gasoline at the pump to pay for repairs for the nations bridges. I say, “Pay it with pork.” Gas tax per gallon is already almost twice the price we used to pay for an entire gallon of gas when I began driving…that’s not even counting the price during gas wars.Let’s get real, folks.

Gas Companies Report Record Profits
Jun 2nd, 2007 by Mike

Do you think you’re getting hosed at the gas pump? In 2005, gas companies reported record profits of $62 billion. Of course, over the same period, gas taxes totaled $71 billion.”Who’s the big gouger, now?” I ask.

Taxes
Apr 25th, 2007 by Mike

Has anyone else noticed that when the government raises taxes, it’s on the “rich” but when the government reduces taxes it’s on everybody who pays them? Then when the government gives everyone the same-percentage tax cut, the folks who pay little taxes complain that the “rich” got a bigger tax cut.

A Defeat of Purpose
Jul 22nd, 2006 by Mike

An article in yesterday’s The Villages Daily Sun reported that the Florida Citrus Commission raised the tax on orange growers 19% 1From 18.5 cents per 90-pound box to 22 cents per 90-pound box to pay for a more aggressive advertising campaign. The commissioners cited rising supermarket prices for the cause of decreased consumption of Florida oranges and orange juice. “If you basically don’t hammer home the message to the consumer that as prices increase you still have to buy this, the consumer won’t,” said commission chairman Stephen Ryan.

So, Steve, let’s see…raise the tax (price) 2The tax that will obviously be passed on to the consumer on a product that is losing market share because the price is too high . Then advertise to overcome the rise in price the tax brings. Hmmmm.

Footnotes   [ + ]

1. From 18.5 cents per 90-pound box to 22 cents per 90-pound box
2. The tax that will obviously be passed on to the consumer
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