Sunday, September 25, 2011

Obamanation and Income Taxes

Mr. Buffett recently stated that, in effect, he paid less taxes than he should be required to.  He is certainly entitled to his opinion and as such he should do something commensurate with his income to assist the US escape the economic turmoil our illustrious politicians have gotten us into.  Perhaps he should begin construction of manufacturing facilities in different regions of the country that would provide long term basic jobs for the less skilled, highly skilled (supervisors and the like) and those currently unwilling to work.  This might work if he also promoted less government intrusion into the workplace.  IE,  worker and employer friendly worker comp laws, lower taxes, elimination of personal property taxes on work equipment,  and the similar treatment of Union and Non-union facilities.  Further, the last I heard the IRS is not returning checks donated by individuals such as Mr. Buffett.  Likewise, I didn't see Mr. Obama increase his tax donation when he earned $6 million on the book someone wrote for him.  The bottom line----create long term jobs that will increase the tax base and hence increase the tax revenue.  And for those of you who would like the facts vs innuendo, the top 5% of wage earners pay 60% of all taxes and the top 1% of wage earners pay more taxes than bottom 95% of all wage earners combined! (1)
WAKE UP AMERICA
 (1) http://blog.turbotax.intuit.com/tax-tips/how-is-americas-income-tax-burden-weighted/03032010-2488

Monday, September 19, 2011

Jobs and Tax Increases

The Obama nation now believes that taxing those hard workers that earn and I mean earn over one million dollars should pay more taxes so that the non-workers can retain their entitlements.  When will these politicians learn that what this country needs are more factory and less skilled jobs to provide working opportunities for those who are unemployed or on the many welfare programs offered by the government.  Those same million plus wage earners are best in a position to provide those jobs.  More jobs generate more taxes from those unemployed who can then be employed.  Further,  there should be a limit on Social Assistance not to workers who paid into Social Security most of their working life.  If you want to have children--GET A JOB.  Don't have children in order to increase your monthly welfare check.  The more workers-the more taxes---and the less paid out in social service welfare costs.  Would it be so bad if much of America had the opportunity to feel pride for a job well done knowing that they are contributing to the best society in the world.  Perhaps Obama can start by reversing the decision relating to the ATT/Tmobile merger that would bring back 5,000 jobs to America.
WAKE UP AMERICA!
TONY PAGANO