Thursday, November 18, 2004

When Will the Poor Learn to Just Stop Being Poor?

Do you ever think - They wouldn't dare! Oh, they dare. Their hubris knows no bounds!

I need to segment my rage into smaller bits, to keep my head from exploding:

the administration plans to push major amendments that would shield interest, dividends and capitals [sic] gains from taxation, expand tax breaks for business investment and take other steps intended to simplify the system and encourage economic growth

Hmmn... Interest, dividends, and capital gains. Question #1 - Which of the following two groups has those types of income? a) Rich. b) Poor.

Secondly, notice how they slip in, without evidence, what they want us to think is a given - that "simplifying" the tax code automatically "encourages economic growth."

the administration is considering eliminating the deduction of state and local taxes on federal income tax returns

Did you read my other post, It's the Cities, Stupid? It was a link to an article saying that we, in cities, need to declare war (policy-wise) on the country folk. Well, guess what! They went Bush Doctrine on our asses! I live in New York City. My local taxes are very expensive. The City charges a hell of a lot for the services they deliver (cops, firemen, for example). So now, I don't even get a federal deduction for it. (now there's some double-taxation they can live with!) And guess who doesn't pay taxes to their cities? You guessed it - the red-staters who live in the middle of nowhere.

and scrapping the business tax deduction for employer-provided health insurance

That's the whopper. Question #2 - which of the following groups gets health insurance from their employer? (circle all that apply) a) Rich. b) Middle Class. c) Poor.

Question #3 - Which of the following groups tends to own companies that provide health insurance? a) Rich. b) Poor.

Question #4 - When companies no longer get the tax break for providing health insurance to their employees, do you think they will a) Pay more to provide health insurance. b) Stop providing health insurance.

Well, it's not like there's a health-care crisis or anything, right?

the president will pursue a tax system where all income -- whether from wages, dividends, capital gains or interest -- is taxed only once.

This one always gets under my skin. It is the one of the biggest fallacies that Bush has perpetrated upon the American people.

You don't tax money. You tax people!

Get it? Everything is a double tax. For example - my company makes, say, $1,000,000. At 10% tax rate, (made up numbers), they have $900,000 left. Out of that ALREADY TAXED $900,000, they give me whatever they give me, and guess what, I get taxed too! DOUBLE TAXATION! No. They're taxing ME, not my money. And guess what? With whatever's left from my salary, I go out and buy a mack-dad new iPod. Holy shit! Sales tax! TRIPLE TAX?! No. They're taxing Apple Corporation, which happens to be the cost to Apple in exchange for the State of New York giving them permission to sell their goods in New York. (Or they're taxing me again for giving me permission to buy goods in New York - it doesn't matter which, it's not going to stop).

OK? So, once and for all, can we stop with this bullshit about double taxation?

That would mean eliminating taxes on dividends and capital gains paid out of fully taxed corporate profits.

That's the kicker, isn't it? I don't know what else to say, but that's the line that demonstrates the evil of this administration. And red-staters, I'd love to ask - How much do you make from your dividends and capital gains? Do you even know what a capital gain is?

The administration will also push hard for large savings accounts that could shelter thousands of dollars of deposits each year from taxation on investment gains

Question #5 - Who has significant amounts of money such that they would be helped by tax-free savings accounts? a) Rich. b) Poor.

So, there we have it. Eliminating taxes on the rich, passing the burden on to those most in need, and least able to afford it. Someone, please tell me how they can justify this! Tax work, protect wealth. That's not America. It's corruption run amok. And it needs to be stopped.

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