4:09 am, March 4, 2015

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  • die now pay taxes later
    deployed decoy
    Now, if they can only get all these retired people to live (be taxed) for another 278 years, they will reduce the budget deficit by 0.000001% with the tax proceeds. BBC radio carried a story last week. Talked about the, reductions in US Govt, to save the mother land. What BBC noted is after defense, social security, welfare all those other taboo things no one has the guts to touch. What remains is about 15% of the Govt. BBC summed it up. If they closed all the national parks, let wild fires rage in San Diego, let floods inundate the west because snow water data was not collected, fired every fed in those 15% agencies and on and on. It would still take 50 years to pay off the debt and that assumed a 50 year freeze on that 85% of Govt to important to fail… So I say again buy gold, lay low and hope the roving bands of hungry don’t find you in the cellar when all this comes to a head and China demands Washington DC, TX and CA as payment on the interest we owe them next year. Or get ready for tax increases like Social Europe and FREE China will never know.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • How to Pay the Chinese
    contrarian
    I've joked for years that they will want China. I assumed for the oil. But I saw somebody this weekend say they will want Hawaii. Maybe it will be both, I dunno. When this happens, I'm not worried how history will look at, but more important will my grandchildren be better off.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • oops
    contrarian
    Change that China in the first sentence to ALASKA.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • China
    Linda
    Why in the world would China want CD and California??? Texas I can see as there is oil, but Califoria has more debt than China, why would they want to take that on? Hawaii I can see it is nice and warm, and maybe Alaska for the oil. but, I think if we tried to pay off the debt with California, they would throw it back!
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Texas?
    Richard729
    Well, you might have a point about California but you should do a little more reading up on Texas. Texas's oil pretty much dried up years ago. Like some other states, oil is still there but at a deeper depth and harder to extract. Therefore, oil revenues have dropped off precipitously in Texas which, by the way, has an even bigger budget deficit per capita, $27 billion, than California. But, I understand. It's always popular to trash California because it has become a form of entertainment in some states where having more than two front teeth is considered to be a sign of affluence.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • yeah
    obscurechemist
    give them Texas. I've been looking for a way to get rid of that state.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Make The Adjustment Online
    Richard729
    Try logging into the opm website, go to services online. From there you can access your annuity statement and make changes to the withholding tax. You will need your annuitant number + your saved password or PIN. All I did was change it to the same amount that was being withheld monthly during 2010. You have until February 18, 2011 to make this change to apply before the March 1 annuity deposit. I have no idea though how you recover the higher amount that was withheld in February due to the tax increase that Congress failed to act on in time. For me, it was abut $45/month. Anyone with more suggestions will be appreciated.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • THANK YOU OBAMA!
    cheeky
    For NOT thinking ahead and thinking about your Civil Servants who dedicated their lives to serve their Government!@#$%^&*
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • What A Crock!
    Richard729
    What a crock! You blame this on Obama? Personal income taxes are lower under Barack Obama ever since he came into office. As a matter of fact, taxes are lower now than they have been for over 50 years, lower than even under George W. Bush. According to an AP story, "Income tax payments this year will be nearly 13% lower than they were in 208, the last full year of the Bush presidency. Corporate taxes will be lower by a third, according to projections by the nonpartisan Congressional Budget Office." But, there are way too many people who bought into the baloney "Taxed Enough Already" mantra that got the Koch brothers billionaire-funded Republican Party and their Tea Party fraudsters, all who ran with a great big R after their names, into control of the House. Don't come whining here when clowns like former Senator Alan Simpson and his cohorts in the House start cutting your Social Security benefits, your Medicare benefits while watching your health insurance premium soar as part of the sell-out by the Republican Party who want to gut every federal program and privatize them. Don't try calling OPM or IRS either because if the Republicans have their way there won't be anyone there to answer your call -- unless you present your Koch brothers credentials.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Change
    Richard729
    Ooops! Third sentence should be 2008, not 208. But, come to think of it, that's the year that Republicans would love to take our country and our civilization back to.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Income tax and death
    deployed decoy
    Richard729, You must be one of those people that beleive lower taxs alone is going to solve global hunger (and the USA). Yes I like lower taxs and sure enjoy that 2% raise I got this year in reduced SS tax. But I also honestly beleive that $45 on pay period 1 of 2011, is ALL the social security I am ever going to see. It was a one payday thing as health care ate it all starting on pay period 2. I dont blame the current President any more than the last dozen or so. But it is on Obamas watch this is going on now. I do feel before I lose all future SS payments (part of the FERS offest starting at 56 in less than 2 years), that the USA stop funding places like Egypt, Saudi (a US State Dept slave state). Stop the off shore BIG BUSINESS tax loopholes, make US contractors working in such hardship locations as Germany pay US federal income tax, and charge import tax on par with each other country. Something is wrong that to import a BMW to the USA with 2% duty, yet importing a Mustang to Germany is above 10% and that does not include the 19% VAT tagged on above the sticker price. Hard to sell fast cars to Germans when a Corvette costs more than a basic 3 series BMW, due to import duties...
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • See.....Problem solved
    contrarian
    DD: you're making too much sense, this was supposed to be a hard problem.......
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Global Hunger?
    Richard729
    Well dd, you sure covered a lot of stuff in your response, re your comments about global hunger, solving all problems with tax cuts, etc. As to the $45 on pay period 1, that was the amount that showed up as a decrease in my pension due to the late passage of the tax bill when Republicans and the Obama administration finally agreed to allow the Bush ten-year tax cuts to be extended for two more years. I have since changed that online by going to the opm.gov website. The other stuff you mentioned, Saudi Arabia, Egypt, Germany, BMWs, VAT tax a "US State Dept slave state"?? (whatever that means) are all digressions into an entirely different subject.
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Taxes- Response to Richard
    Moderate
    First I am pro Obama and was always a critic against George W. However, Richard, I believe that your premis concerning the collection of taxes is way off base because you leave out one issue. George brought us his depression in the middle of 2007. It deepened in 2008 and continued into 2009 or so. (Forget our government stats and look at unemployment) During these times people reduce their spending. People are removed from employment. People's salaries are reduced or remain constant if they are employed. Higher priced people are replaced by lower priced people. Businesses make less money. People can less afford to pay their taxes due because of the income issue. I believe this is the reason for the lower tax collections and not the tax rates.
    worker
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • Some Good Points
    Richard729
    Moderate, you make some valid points re the decrease in taxes due to people being removed from employment and reduced salaries. Clearly, with fewer people employed not only are salaries reduced but so is government revenue to keep the services and agencies funded. But, the quotes I used for the raw tax numbers came from an AP story and the Congressional Budget Office, not my own "premise." I'm sick of the Tea Party idiocy that presumes we are "taxed enough already," (their slogan) acting as if this financial mess we are in is all the fault of Barack Obama when the truth is 95% of the people in America got a tax cut. Not much of one, but a tax cut nonetheless. I recognize, unlike a lot of Republican Bush apologists and ostriches, when Barack Obama became president he inherited two wars, both unfinished and a $1.3 trillion budget deficit the moment he took office on January 20, 2009. The TARP bailout of the banks was cobbled together by Bush former Treasury Secretary Henry Paulson, Fed Chairman Ben Bernanke (who is still Fed chief under Obama) and signed by George W. Bush in late 2008, not on Obama's watch. Finally, criticize the stimulus bill all you want. What it did was save the auto industry and propped up 44 of the 50 states which were hemorrhaging red ink with threats of laying off and firing hundreds of thousands of teachers, firemen, police and other first responders who protect the interests and welfare of the American people. That stimulus money, which was originally intended to create jobs, is gone and those cuts will resume if states can't afford to maintain their own services. Nobody, especially the Obama administration that took over at the height of the financial collapse, anticipated the enormity of the crisis. As a result, the stimulus money was just a temporary band-aid. Now, the Obama bean counters are going to have to find a way to operate without stimulus money and, unfortunately, without an iota of Republican cooperation or help. Some states, like Texas where I live and where there is a $27 billion budget shortfall, is telling its citizens to tighten their belts. That's funny because Texas is one of the stingiest states in helping their poor, the sick and the disadvantaged children. It's pretty hard to tighten your belt when you can't even afford to buy the belt.
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  • Just making it clear
    Moderate
    I am not a Bush apologist. If you have read my blogs, you know I agree with your position about Bush. I also think that the wealthy got more of the tax cuts on a per capita basis than the rest of us.
    worker
    { "Agree":"1","Funny":"1","Insightful":"1","Disagree":"-1","Offensive":"-1","Troll":"-1" }
  • OK, slightly dumb question. . .
    SotarrTheWizard
    . . .but why would a "Making WORK Pay" credit apply to a RETIREMENT annuity in the first place ? I know, it's the Washington Game of Attractive Labeling, details don't matter, but this is just another Huh ?? moment. . .
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