Taxation and Misrepresentation

[Gary Slusser]

Just a few facts.

The corporate tax rate in the US is the second highest in the world. Most countries with growing economies have a tax rate of 11% or slightly more while ours is 30%+. And more'n more of us call for higher rates and then wonder why companies move off shore, or go broke.

US history shows that every time taxes on business and/or the population have been reduced, the US Treasury receipts increase substantially, the unemployment rates fall and the stock market rises and the standard of living for most Americans rises because many new jobs are created.

The city dwellers in America have been voting for one tax raising political party for 5-6 decades and are still poor out of work souls with gangs and crime and drug invested neighborhoods where they live with Pitbulls behind bared windows and doors inside fences all around their houses while their kids are jailed repeatedly or killed because there are NO new jobs ad old jobs are constantly being lost because the city fathers are anti business and constantly raising taxes and making it harder for anyone to start a business in their cities.

The oil industry operates at a 5-7% of sales which is about half of what a grocery store and the vast majority of other industries get.

In the last 3 weeks I bought gas at a station in CO that had the Federal, State and County taxes per gallon on the pumps. The total was some 60some cents per gallon; regardless the price per gallon.

Exxon's $38+ billion 3rd quarter profit is mentioned but, not the 32 million 3rd quarter taxes they paid. Or the oil industry's 2007 R&D etc. expenditure of IIRC 1.2 TRILLION dollars.

We should be damned glad we have the oil industry, without oil we would not have all the products that are made out of a barrel of oil that ranges from fuel for all our various vehicles to fabrics, plastics asphalt for roads and parking lots, lubricants of all kinds for all the machines we have and fuel for many electrical power plants etc. etc.etc. etc..

The people that go on about the price of oil should be very glad they live in the USA where the oil industry was born and so should those that go on about oil company or other "corporate greed". Most have never managed or owned any type of business and are very uninformed while they mimic the rhetoric of a certain bunch of politicians that tax reducing JFK would be embarrassed by. He also was not for the population becoming dependent on government as we have become today.

 

[Cookie]

Just a few facts.

The people that go on about the price of oil should be very glad they live in the USA where the oil industry was born and so should those that go on about oil company or other "corporate greed". Most have never managed or owned any type of business and are very uninformed while they mimic the rhetoric of a certain bunch of politicians that tax reducing JFK would be embarrassed by. He also was not for the population becoming dependent on government as we have become today.

I wonder how you really ever experienced "corporate greed". I wonder what it really cost you. I can tell you what it cost me, but you might not like to hear it. http://www.hollandsentinel.com/opinions/x2031260627/LETTER-Medical-system-is-motivated-by-greed

Most people get real turned off when I mentioned my ...ahem, small health problem. Most people want me to sweep it under the rug which adds to the problem but, those who are healthy, those who have never experienced more than a pimple on their ass just don't get it. That's when I talk about my illness, listen, pay attention, stand up, put yer ears on, I have something to say which just might effect you someday, when that someday comes, which it will, because no one gets out of this alive. We all will die, become fish bait. Don't tell me to move on, get over it, or say, "aren't you glad it worked out for you?" Or, " gee, you didn't lose your hair." YEAH, only my mind. I spent almost 5 years on chemo. What did I learn sitting in that pink chair? Lots.

Corporate greed in the medical field is HUGE. Ok, know what it cost me? In cash? Should I tell you? You might not want to hear because it might cause you to think and thinking sometimes is not a good thing, for some folks. It is easier to put your head in the sand and pretend. Ah, I wish I could pretend... I wish I could be one of the elite.

Medical care if very expensive, you are not safe with insurance. Don't make that mistake. If you got 100,000 in a bank somewhere and your school of thought is, wow! I am going to retire on that, take a cruise when I retire, well, you might have to spend it on scans, tests, chemo, surgeries, shots, ( not just whiskey either) and who do you have to thank for this? Corporate Greed. If you put one million aside to retire on, pray you don't get cancer, for it won't be enough.

I have a business. I wear many hats, I have to. How I make my money is which determines if I am a corporate greedy person. Now, do you think I am? Or, since, I know what it feels like... I give the next person a fair break. Sadly, it isn't until, you walked in those uncomfortable shoes you know, you realize, you understand, what it feels like. Until, then, you are brain dead. Take for instance, the Kennedy fighting brain cancer, wow, he is rehabbing the medical insurance thingee... why now? Why didn't he do it 10 years ago? This is a common occurrence, until, now, he didn't hear " US" Us, being people like me, now...him... how sad, that is what it takes for people to wake up. I hope it isn't too late for him.

We got a woman now, who will take a stand for Autism, gee that is nice, I worked with autistic kids for years, but, it took her having one to do something about the cause. Eh.

So, you go to the gas pumps, and you bitch about 4 bucks a gallon, well, that is a drop in the bucket to what I pay to live. To wake up each morning to what most bastards take for granted.

I am going to go eat my icecream, it cost me, 3.99 on sale. Corporate Greed is here to stay and if you don't harp about it, it ain't goin to go away folks. Just like cancer, you can't ignore it, it just grows and grows and grows. You want a better life? Fight for it.

Buy a lottery ticket.

 

[Sponsor]

 

[NHmaster]

Ok, back to flat rate vs time & material

 

[Cass]

I wonder if any one could figure what they pay...exactly...just for 1 year in taxes...so may are hidden in the goods and services that we use I don't think it would be possible for any one to compute...

 

[Cookie]

Ok, back to flat rate vs time & material

That is a novel idea. It won't include fines right?

 

[Cookie]

I'm just glad I got everyone thinking. I do know that I, as a businessman pass along any and all taxes, fines and fees to my customer base. But I do mind paying for needless and mindless waste.

I think customers would consider paying your fines a waste to them. In those instances a flat-rate makes more sense.

 

[NHmaster]

Even flat rate incorporates these expenses into the bottom line. There is NO SUCH THING as corporate greed. It is a term made up by those that do not understand or want to understand capitalism. Greedy corporations go out of business. When profit exceeds value, customes either stop buying or go elswere. This is why, when the corporate taxes get to the point where the company can no longer offer goods and services at a competitive rate, the pack up am move overseas. The moves gives them the advantage of being able to hold product cost within competitive limits and still pay the stockholders. Show me any large corporation who's net profit is grossly outside of normal earnings and I'll show you a company heading for failure. Exxon-Mobile gets this crap press all the time, yet their net it 5%. Well within normal business practice. in fact my company could not operate at a net that low. Yet because they sell a crap load of product their earnings are spectacular. Isn't that what capitalism is all about? Isn't that one of the principals this nation was founded on? And Huge corporations like this employ thousands of people and pay huge amounts in stock dividends. Sorry, I just can't agree with Marxist, socialist policy. It has never worked in the past and it will not work in the future. Even the psuedo communist nation of China has finally figured out that capitalism is far superior to socialism. Sit back and watch as they bury the economies of the world it we don't keep up.

 

[Cookie]

Even flat rate incorporates these expenses into the bottom line. There is NO SUCH THING as corporate greed. It is a term made up by those that do not understand or want to understand capitalism. Greedy corporations go out of business. When profit exceeds value, customes either stop buying or go elswere. This is why, when the corporate taxes get to the point where the company can no longer offer goods and services at a competitive rate, the pack up am move overseas. The moves gives them the advantage of being able to hold product cost within competitive limits and still pay the stockholders. Show me any large corporation who's net profit is grossly outside of normal earnings and I'll show you a company heading for failure. Exxon-Mobile gets this crap press all the time, yet their net it 5%. Well within normal business practice. in fact my company could not operate at a net that low. Yet because they sell a crap load of product their earnings are spectacular. Isn't that what capitalism is all about? Isn't that one of the principals this nation was founded on? And Huge corporations like this employ thousands of people and pay huge amounts in stock dividends. Sorry, I just can't agree with Marxist, socialist policy. It has never worked in the past and it will not work in the future. Even the psuedo communist nation of China has finally figured out that capitalism is far superior to socialism. Sit back and watch as they bury the economies of the world it we don't keep up.

What is your degree in? Where did you study? You paid too much.
There certainly is corporate greed. Always was, always will be, as long as humans walk upright. IF their was a nuclear war greed as an entity in itself, would outlive the dreaded cockroaches. It is the nature of the beast to want more and more and more, supersize everything, our stomachs, our lives and our bank accounts. How we do it is what determines greed.

Do you believe in God? Or do you think we hatched from under a leaf in a pumpkin patch field? If you believe in God, then, you realize the bible talks extensively about greed. I hardly, consider God a Marxist.


Command those who are rich in this present world not to be arrogant nor to put their hope in wealth, which is so uncertain, but to put their hope in God, who richly provides us with everything for our enjoyment. Command them to do good, to be rich in good deeds, and to be generous and willing to share. In this way they will lay up treasure for themselves as a firm foundation for the coming age, so that they may take hold of the life that is truly life. (NIV, 1 Timothy 6:17-19)

Myself, I believe in God and follow his word to the best of my ability. I have in many ways devoted my life in doing good in his name, but I judge no other man if they choose different.


In Jesus' time it was a common belief that wealth was a sign of God's favor and poverty was God's punishment for sin. Jesus flatly rejected that idea most clearly in the Parable of the Rich Man and Lazarus (Luke 16:19-31). The rich man ended up in hell at least partly because of his hard-heartedness toward the beggar Lazarus. His great wealth was obviously not a sign of God's favor. The beggar Lazarus ended up in heaven although he was about as impoverished as a man could be. His poverty was obviously not a sign of sinfulness or folly. Despite the Bible's many warnings against it, the idea that wealth is a sign of God's favor and that the poor have done something to deserve their condition persists as an undercurrent today that is sometimes used to justify callous economic and social policies.

http://www.twopaths.com/faq_money.htm

 

[Redwood]

Corporate Greed Examples...
Hmmmm
Walmart?
Plumbing companies with rooter in their name?
Enron?
Automated Waste Disposal?
Colonial Realty?

It's a good start!

 

[NHmaster]

It's a horrible start. Show me the numbers.

Just because you say so don't make it so. Show me the numbers. What are their gross and net's. What do the dividends look like. I need more than names. I need proof.

I'll give you a few days. It's going to take some time. By the way though, I'd pass on Wally World. though they are a very large corporation indeed, their numbers a way within the accepted range and they are responsible for the livings of tens of thousands of people either directly or indirectly.

 

[NHmaster]

Wooops. Enron is great though. Here is an example of corporate greed that eventually was the downfall of the corporation. They are out of business, proving my point.

 

[Cookie]

It's a horrible start. Show me the numbers.

Just because you say so don't make it so. Show me the numbers. What are their gross and net's. What do the dividends look like. I need more than names. I need proof.

I'll give you a few days. It's going to take some time. By the way though, I'd pass on Wally World. though they are a very large corporation indeed, their numbers a way within the accepted range and they are responsible for the livings of tens of thousands of people either directly or indirectly.

The numbers could fall out of the sky hitting you in the head and it wouldn't mean a thing. So why bother? You started this thread with good intentions, but only if the intentions were serving to you, which is fine by me, but, a conversation or discussion is both ways. I am never too old to learn most people aren't.

 

[Redwood]

Me thinkest thou are speaking through the seat of your pants.... PFFFFFT!

Enron as we all know was the ultimate in corporate greed...

Colonial Realty was a $2 B real estate company in Connecticut that was out selling investments in the company the day the news hit that they were bankrupt... They even had Arthur Andersen swearing the finances were in great shape... http://query.nytimes.com/gst/fullpage.html?res=9C07EEDC153EF933A25757C0A962958260

Automated Waste Disposal... Formerly owned by James Galante Mob owned trash hauling business... http://en.wikipedia.org/wiki/James_Galante

I'll send a rooter plumber to your house to take care of your plumbing problem... I'm sure you'll go for the deal the commision plumber offers you!

Walmart??? No there is no corporate greed there...
http://wakeupwalmart.com/

 

[Dunbar Plumbing]

Q

Corporate greed lies heavily in these STUPID associations like cystic fibrosis, cancer foundations, kidney foundations, liver foundations, all these "foundations" set up as non-profit entities so they can act like a damn church avoiding the paying of taxes.


Now, think about those in the victim side of those equations. Your health insurance still is going to find a way not to pay for things. And are those entities going to fit the mold and take care of everything for you when you're dying? NO.

Will they comfort you in some way, send you pamphlets and make you jump through a bunch of hoops? Of course.

My mother fought cancer for 13 years and guess what, she died and the breast cancer foundation did little or nothing to help with that. Where did those donations go?


Why do I walk in stores and see breast cancer awareness pink bottles? BUSINESS, GREED, CORPORATE GREED that sits inside nestled in the good for all thinking that we are helping others die slowly. Get into the inner workings of these foundations and you'll see expenditures just as victimizing as exxon mobile, that's a fact.


All these marathons? Where does 80% of the money run to? ALL to the MACHINE with is the advertising wheel to get you to keep spending money in charity thinking because

It's
Tax
Deductible

So what?!!!

Then they throw a cover story saying "it's for the continued money asking for development and studies, ya know, those studies that you sign your life away at the door because you are being tested like a lab rat and they certainly won't be held accountable if you start pissing green or your eyes glow at night.


Cancer and all the associations around it is the biggest money making mogul out there because if I can sit on my toilet and talk to somebody in Hong Kong, or Pakistan to some idiot trying to fix my computer, they can fix/cure/stop cancer...but they won't.


Why build a tire on a car that lasts forever? That costs jobs.
Why build a water heater that last 50 years? That costs jobs.


Why fix a disease that will destroy the main frames of ECONOMIC GREED that you find a cure, everybody is fixed! Here, take this and we'll get you more life, medical free!


Here's the basis of the rant above:


When I was a nobody, just a simple minded employee plumber, I never heard from the associations above.

NOW, that I'm a multiple business owner that works off of a base of more than a simple median base income, these associations, charities, foundations come out of the ****ing woodwork looking for handouts.


They splash my emails with colorful and prominent information and well documented growth patterns showing their spending habits,


They litter my effing mailboxes with some of the fanciest, EXPENSIVE direct mail advertising that I in no way in hell can I afford. This stuff costs HUGE to make, distribute, give to others.

BIG MONEY.

Now, here's where a simple $50 charitable contribution to Cystic Fibrosis landed me and one simple response to an email:


Emails from 25 extensions that all related back to the foundation, blocking one wasn't going to work as they sold my email address to everyone.


I PROMISE I have received well over $50 worth of advertising to my office with advertising products that are so expensive that my companies will never afford.


Stuff I literally have to throw away because its purpose is to feed feed feed back into the personal mindset that you're doing "for the good of the less fortunate" and that

"you have an obligation as a business to do so" .....nevermind ignoring me all those years before.



So, I give $50 and you spend over $50 in waste to make sure I donate again? The only reason I stopped the madness is because like a dispute on a credit card bill, I had to call and asked to be taken off, I blocked emails, I refused to spend money again knowing what and how I was exploited.


And don't worry, they put you on a ticker; they track you and your information and when that ticker shows after so many months that you haven't contributed, the mailings stop by DEFAULT.


This is a call out for those of you who "do for the better of mankind" thinking that contributing to these associations are a betterment to society and likewise...to yourself someday thinking you might be afflicted? maybe a family member?



You see or hear of someone dying, affected by situations that these diseases create........give DIRECTLY to that person in need, not an infomercial on tv showing the sad faces and bald heads that come with someone dying. There's two kinds of dignity in this world and one of them chooses to dominate in where the handout is coming from. Big business, CORPORATE GREED thrives inside these MEDICAL FOUNDATIONS promising you comfort and new cures. What is missing is that doctors are the think tanks...not those outside the globe with snow in it that you can shake and change what it looks like.


The focus of these groups are to tug at your heart strings and feel sorry for the less fortunate, I should worry about children dying 12,000 miles away, keep sally struthers from eating them as a snack? Please. There's so many problems right in my own damn back yard to say that we need to concentrate on the here and now, not some "machine" that follows the good vibes of traditional "we help all" sick ironies that make us believe that every dollar you contribute is every dollar to that in need.


Try less than 20%....and that's being excessive at best. You're giving into big business, and you're the fool for thinking that people CAN'T do for themselves and help others in that mindset of having to rely on huge outfits with fancy advertising are the only ones that can provide for these sicknesses and diseases.


I hope I piss the whole world off with my statements, better yet, I hope someday I die from one of these diseases because that's where the dignity comes into play. Those of you who donate freely would expect a return given your good deeds, or at least a helpfulness in helping you in your situation. That's going to be your day of reckoning, realizing that you are a name and a number in the big pattern of life and for the majority, better off dead than alive depending on what value is placed on your noggin.

If you really want to help others in need while being sick or diseased, contribute directly to the cause, remove these billion dollar companies that thrive on your soul to care to a stranger by a 16 digit credit card number and a thoughtful thank you smile on the letter or email you basically paid for.


Nothing that the breast cancer foundation did was there to save my mother, or even provide anything in relation to the situation at hand.


The Hope and Wellness Center however was a great comfort to my mother in all those years struggling, and they were not the vultures that hover over the near dying carcass looking for more and more of what your heart desires.


Nobody is willing to admit the above because it's the "how dare you" thinking. I will.....and I know a lot of it to be true by many others who won't be a voice to the reality that it does exist, corporate greed.


The line between these affiliations of following the medical game beds one with another with the hospitals/doctors.


Ever saw how much money a hospital makes? CORPORATE GREED


I've been charged $80 for a pack of Q-tips before. $30 for soap.


I'm just warming up...

 

[Redwood]

I hear ya Rugged!

Look at the biggest of the big charities...
Can you say the American Red Cross...

Red Cross CEO Marsha Evans
Drew a Paycheck of $651,957 (FY ending 06/30/03)

When 9/11 brought in the dough for them they caught a bunch of flack about holding onto the dough and not distributing it to those in need...
They were hard at work fixing up offices and getting new computers...

I recall a friend when I was in the service whose father died. he needed money to fly home for the funeral, The Red Cross "loaned" him the money he had to pay it back....



I'll tell you the one charity that I give money to...
The Salvation Army!
Their CEO takes a Salary of less than $20K a year!
They show up at disasters and serve food to the relief and emergency services workers.

9/11 Terrorist Attacks: September 11, 2001:
The Salvation Army was the first relief agency to reach Ground Zero, reporting within a half-hour following the first plane crash at the World Trade Center site. With its mobile canteens, counselors and thousands of volunteers, The Salvation Army served relief workers at the WTC site for over 9 months; leaving only when operations at Ground Zero officially concluded in May, 2002. In the course of the relief effort, dubbed "Operation Compassion Under Fire", The Salvation Army was granted full control of the feeding operation at Ground Zero and also distributed other essential items to relief workers. Perhaps most importantly, Salvation Army counselors provided emotional and spiritual support to rescue and recovery workers working under incredibly difficult conditions.

3.2 million meals served
39,000 TSA officers, volunteers and staff provided assistance
1 million volunteer hours provided
$90 million donated

Hurricane Katrina: August 29, 2005:
Hurricane Katrina made landfall on the Gulf Coast of the United States as a strong Category 3 storm on August 29, 2005. The storm proved to be one of the costliest and most deadly in U.S. history. Huge sections of coastline in Alabama, Louisiana and Mississippi were utterly devastated and approximately 1,600 individuals died as a result of the storm. The Salvation Army responded to the immediate needs of survivors following Katrina and other storms during the unusually active 2005 hurricane season. The Army continues to serve individuals and families affected by Katrina by coordinating long-term clean-up and restoration efforts, providing financial and social service support to hurricane survivors and offering spiritual and emotional care to those impacted by the disaster.

5.6 million meals served
2.5 million people assisted
$382 million donated

When I was a kid they even sent me to summer camp. I was one of six kids, dad was a low paid cop... A few of my brothers and sisters also went...

What has the Red Cross done for you besides cash your check?

This upcoming holiday season think about dropping some $$$ in the red Kettle...
You'll get some bang for your buck!

Put some $ in the kettle!

 

[NHmaster]

Me thinkest thou are speaking through the seat of your pants.... PFFFFFT!

Enron as we all know was the ultimate in corporate greed...

Colonial Realty was a $2 B real estate company in Connecticut that was out selling investments in the company the day the news hit that they were bankrupt... They even had Arthur Andersen swearing the finances were in great shape... http://query.nytimes.com/gst/fullpage.html?res=9C07EEDC153EF933A25757C0A962958260

Automated Waste Disposal... Formerly owned by James Galante Mob owned trash hauling business... http://en.wikipedia.org/wiki/James_Galante

I'll send a rooter plumber to your house to take care of your plumbing problem... I'm sure you'll go for the deal the commision plumber offers you!

Walmart??? No there is no corporate greed there...
http://wakeupwalmart.com/

Most of these examples prove my point. Corporate greed always leads to the downfall of the company as it should.
Wal-Mart's business model is the envy of the world.
As for the Rooter companies, if their pricing and greed reach the point where the consumer is no longer willing to use their services they will fail also. The free market system does a very good job of weeding out the weak and the greedy all by itself without the help of government.
Again. find me a profitable company, that has been in business for 10 years or more and then prove their greed.

 

[Dunbar Plumbing]

Misrepresentation and Churches and...Taxation (lack of)
​

How to avoid paying into a tax system by simply using the word GOD:


It's great to be a believer in god. Those who don't, shouldn't. You shouldn't be brainwashed to believe in something you don't feel is right.


But those of you who do, consider this:


The church you go to...is it a church like any other church, small and old, suits its purpose, keeps you dry when you're praying. Has a small group of people coming together and in unity, pray.


Or do you belong to a church where everything you see is turned to gold, marble floors, marble columns, 74 foot ceilings, more stained glass than 100 churches, and they are constantly building more and more and more and more onto to the church because they can, with your money and your donations.

Corporate greed and churches, one in the same. Do you really think god cares if you walk on dirt or walk on marble to sit in the house of god and pray? Of course not. He isn't materialistic like a lot of churches are.

I like to compare churches to fire trucks. Every community has both, every fire company wants a bigger and better fire truck than the other community. All that a fire truck really needs to do is put out a fire, not be a 900 thousand dollar fancy machine to show off at parades. Back to the churches.

When you don't have to worry about taxation, you bring misrepresentation to the community when you spend millions on churches with extravagant and posh structures with the sole intention of being "better" than the community down the road. You've now taken what the bible has asked for *10% of your weekly earnings by most* and consider it god's will. We're not supposed to ask where this money is going, we're just supposed to give it and let the powers that be take care of the rest.

When you don't have to be taxed, you can do lots of things with money, lots of things. You can take money and do whatever you like with it, justify it all in god's name because hey, I'm a church and I have followers who pay me to spread the word. Wanna be radical? Come join us at the Church of Scientology! Are you wealthy? You're money *10%* has a place right here at our church sitting on our 12 million dollar campus! We even created a milllion dollar day care center for you "working" millionaires that need some kind assistance during the day right here where you worship.

Churches are huge tax exempt shelters. They were once considered sacred and served a primary purpose, to bring those who believe in the word of god some shelter to sit and pray and believe. Now, they are the kingdom enterprise to televangelists, power and wealth hungry select few who take your money as tax free charitable contributions in trade for a mass produced bible to say you got something for your money.

When I watched a Billy Graham show one night, inspired by his voice and thinking, I saw that he offered a free publication. I called and asked for it, as the tv said it was free.


What I didn't realize in the wording of "free" ...was I didn't know for 2 years that I would be hustled for donations by mail, constantly afterwards. I was now obligated to donate for something I received for free. I don't understand why participating in something for free should I now be encouraged to donate/contribute/spend money all of a sudden.


That's a false meaning of "free" as it was a bait and switch tactic. I'll never take anything away from Billy Graham as false or wrong, he's a great individual and very inspiring (getting my drift yet?)and he's been a great person to the religious world.

God doesn't care where you worship, god doesn't care if you pray from a box.

God doesn't believe in massive riches are the way to a better life, OR a better representation of his following with the people inside of those communities.

In god's eyes, we are all equal, our clothes are put on the same way. In the end, riches and wealth are left behind, nothing is taken with us.


I could start a church tomorrow, get my credentials online and become a preacher and instantly become tax exempt spouting the religious sayings and asking for money. Perfectly legal and don't have to worry about getting audited, no taxes to pay. All in the name of god. Remember what the legal tender says on the note:

​

"In God we Trust"​

I pay taxes and don't misrepresent myself in the eyes of God when I pray anywhere I decide to, without having to give a third party money as a charitable contribution because someone somewhere said 10% was the given rule in the bible. You want gold chalices and gold laced marble staircases? I want to protect my belief that god doesn't act materialistic and avoids paying taxes because they can.


Think about that when you drive to church tomorrow morning and wonder where all that tax free money is going, and why so much is needed to purport another addition or large multi-million dollar addition, "because our family is growing" ****-eating grin on their faces justifying it like a second drink at a bar. Pathetic.​

 

[Cookie]

Gary, I am going to delete both our posts here just so you know. I refuse to argue with you. I hope you understand.

 

[Master Plumber Mark]

Hide your money if Obama gets into office.

The web site listed takes you to the Wachovia Bank... It is a matter of public record what has been said..




THIS WILL CHANGE YOUR RETIREMENT


For those among you who have more money than you will ever need, save your
time and delete this email.

For the rest of us who are still working with mortgages, children and grandchildren

or retired living on a pension and or Social Security perhaps you will take a couple



of minutes to read the proposed changes in the American tax system.

Sharing this email with others can make a difference on November 4, 2008;


for our citizens and our country.

INTERESTING DATA JUST RECEIVED ON TAXES

This is something you should be aware of so you don't get blind-sided.

This is really going to catch a lot of families off guard.

It should make you worry.

Proposed changes in taxes after 2008 General election:


CAPITAL GAINS TAX
MCCAIN
0% on home sales up to $500,000 per home (couples) McCain does not propose
any change in existing home sales income tax.

OBAMA
28% on profit from ALL home sales

How does this affect you? If you sell your home and make a profit, you will
pay 28% of your gain on taxes. If you are heading toward retirement and
would like to down-size your home or move into a retirement community, 28%of the money you make from your home will go to taxes. This proposal will
adversely affect the elderly who are counting on the income from their homes< BR>as part of their retirement income.


DIVIDEND TAX
MCCAIN 15% (no change)

OBAMA 39.6%

How will this affect you? If you have any money invested in stock market,
IRA, mutual funds, college funds, life insurance, retirement accounts, or
anything that pays or reinvests dividends, you will now be paying nearly 40%
of the money earned on taxes if Obama become president. The experts predict
that higher tax rates on dividends and capital gains would crash the stock
market yet do absolutely nothing to cut the deficit.


INCOME TAX

MCCAIN (no changes)

Single making 30K - tax $4,500
Single making 50K - tax $12,500
Single making 75K - tax $18,750
Married making 60K- tax $9,000
Married making 75K - tax $18,750
Married making 125K - tax $31,250

OBAMA
(Reversion to pre-Bush tax cuts)
Single making 30K - tax $8,400
Single making 50K - tax $14,000
Single making 75K - tax $23,250
Married making 60K - tax $16,800
Married making 75K - tax $21,000
Married making 125K - tax $38,750

Under Obama your taxes will more than double! How does this affect you?




No explanation needed. This is pretty straight forward.


INHERITANCE TAX
MCCAIN 0% (No change, Bush repealed this tax)

OBAMA Restore the inheritance tax

How does this affect you? Many families have lost businesses, farms and
ranches, and homes that have been in their families for generations because
they could not afford the inheritance tax. Those willing their assets to
loved ones will not only lose them to these taxes.


NEW TAXES BEING PROPOSED BY OBAMA

* New government taxes proposed on homes that are more than 2400 square feet

* New gasoline taxes (a s if gas weren't high enough already)

* New taxes on natural resources consumption (heating gas, water, electricity)

* New taxes on retirement accounts and last but not least....

* New taxes to pay for socialized medicine so we can receive the same level
of medical care as other third-world countries!!!


Thank You

Robert D. Jenkins
Vice President - Investments
Chartered Retirement Planning Counselor
Wachovia Securities, LLC
314-991-7812
800-999-4448 toll-free
robert.jenkins@wachoviaseccom
www.home.wachoviasecurities.com/robert.jenkins

 

[Gary Slusser]

Are we in for a constitutional crisis?

http://docs.justia.com/cases/federal/district-courts/pennsylvania/paedce/2:2008cv04083/281573/13/