Category Archives: Taxes

Activist Saves Colorado From Massive Tax Hike

The American Spectator : The Spectacle Blog : Activist Saves Colorado From Massive Tax Hike

So why should we thank Matt Arnold who, after all, is not a judge or justice?

Because his nearly single-handed efforts to shine a spotlight on what was the most lawless, partisan state supreme court in the nation (yes, worse than California’s) had much to do with the resignation of two of the court’s worst justices.

Click here to read article.

Well At Least We Get to Pay More for Food and Bail Out the Insurance Companies Too!!

By Kurt Sloan


OK, somebody PLEASE help me with this logic…

There is an article on CNBC today (http://www.cnbc.com/id/48782861) about the drought and it’s effect on corn farmers. 

According to the article corn farmers are better off with the drought because:

1.The U.S. Department of Agriculture said despite the drought, it predicts net farm income will rise 3.7 percent this year to over $122 billion, as high grain prices offset loss of production. (so because of the low yield of corn to sell they can sell at a higher price, so farmers will make out ok – but consumers get stuck with the higher costs.)

and…

2.  Most grain and oil seed farmers have taxpayer subsidized crop insurance (yes, you read that right, TAX PAYER subsidized crop insurance) which will cover, on average, 70-80 percent of their loss of “average production.” And because of this, the article states that “some farmers will make more money this year having crop insurance than they would have if there was a normal yield because we planted so many corn acres”. (So if I understand that correctly some farmers planted extra crops in case of drought so when they lose those crops they can claim them as part of a total loss of expected income and insurance companies pay them for what they MIGHT HAVE SOLD if the crops had survived and then get money from the government to off-set what they had to pay out!!!)

So under option 1 the consumer gets screwed and under option 2 the tax payer gets screwed because they are forced to subsidize insurance companies that set up some deal with the government. So the Insurance Agencies (the article mentions: Endurance Specialty Holdings, American Financial Group and Ace Limited) collect the premiums, but then when they have to pay out on those claims, they come to the government and the U.S. Taxpayers cover a portion of their losses?!? WTF?!?!

With a national debt at around $16 Trillion, why the hell are we bailing out Insurance Companies, without even getting a say it in?

http://video.cnbc.com/gallery/?video=3000112351

Some Farmers ‘Will Make More Money’ in Drought – US  Business News – CNBC

Once Again, President Obama Only Tells Part of the Story

I’ve been thinking about these comments a lot in the last few days, and I gotta say, I think I get where he’s coming from but I think he’s only partially correct in his line of thought, let me expand on that.

Where he has some valid points: If you built a successful business then you needed the people who worked for you, who supplied your materials, who taught you your skills and business sense, who delivered your product, who built the roads and electrical lines and sewers that supported your business. All of the pieces that are required to run a successful business rely on the input of others to make it happen. Here he is right.

Other valid points: Yes, many people work hard, and yes many people are smart… so why are there more financially successful business people like I believe he’s trying to put down in this comment?

Two sets of factors: ones we have no control over and ones we do…

Factors We Don’t Control: Luck and Natural Opportunity … There is no doubt that some successful people can trace back to one or more events in their lives when luck was in their favor or life presented them with an opportunity that they jumped at. But there lies the key… “that they jumped at”.

Have you ever had the chance to invest your money in something, but didn’t feel good about it so you didn’t and then it took off? I had the opportunity early in my life to invest in Blockbuster Video and thought “eh, it’s just another video store” – WHO KNEW?!? Which leads me to our “Factors we do Control”.

Controlled Factors: Willingness to Take a Risk, Drive (or Desire if you will) and Gumption (Man-made Opportunity) – I submit here that you can look at the majority of financially successful people and look at their work ethics and you’ll see not just smarts and hard work, but also a drive to succeed, a desire to win, a willingness to take that risk to be successful (or fail miserably!) and the personal gumption to go out, knock on doors and create their own opportunities. Personal traits that should be REWARDED for those willing to take those risks and make their own opportunities.

I’m sorry President Obama, but once again we see you only looking at part of the picture and using that information to divide the populace further along classes.

You were supposed to be the president that could pull everyone together, but so much of what you do seems to be bent on alienation and partial facts.

It’s really sad if you stop to think about it.

 

Obama Family Tax Shelter | Washington Free Beacon

Obama Family Tax Shelter | Washington Free Beacon

President Obama and his wife, Michele, gave a total of $48,000 in tax-free gifts to their daughters, according to tax records made public on Friday.

The president and his wife separately gave each daughter a $12,000 gift under a section of the federal tax code that exempts such donations from federal taxes.

There is nothing illegal about the president’s taking advantage of this tax shelter, but it does raise eyebrows given that he has lamented the myriad tax exemptions used by the wealthy—“millionaires and billionaires” like himself—to pay less in taxes. He has yet to propose a comprehensive plan to reform the byzantine tax code.

Read Story Here.

Kids held hostage by talk in Jefferson County Colorado – Denver Education Reform | Examiner.com

By chance, it might make us feel better
Credits: google.com

Kids held hostage by talk in Jefferson County Colorado – Denver Education Reform | Examiner.com

You may wonder why you should read a story from Jefferson County, Colorado.  Well, I don’t live in Jefferson County either, but I do live in a school district in Colorado.  You may also wonder why you should read this story if you don’t live in Colorado at all.  Well, let me tell you.  If this is happening in one school district, it’s happening in many, many more.  I think these things are going on in many school districts around the country.  The school boards talk about transparency, but sure don’t know how to be transparent.

The Board of Education in Jefferson County, Colorado sure doesn’t like Regan Benson trying to keep them honest.  Her diligence in trying to find out what her county school district is spending tax payer money on is sure pissing them off.  They make things difficult for her and her kids in any way they can.  I can’t even list the number of things various school district employees have said and done to her and her family.  I like her because she’s still speaking up.  Regan’s dedicated to making sure that when her school district makes excuses for the poor education the kids are getting because the district doesn’t get enough money, that they’re telling the truth; and they don’t like it.  The JeffCo school board does everything they can to make it difficult for Regan to attend public meetings.  They want her to stop talking.  After meeting her, and reading her articles, I’m sure she’s not going to stop making them accountable for the taxpayer money they receive.

Now, here’s the reason I think you should read Regan’s article.  It may help you find a way to check on your own school board in your local area.  You may realize there are real problems where you’re kids go to school and no one’s speaking up about it.  Well it’s time for all of us to check out our districts and make sure our kids are getting the best education possible.  If they’re not, speak up about it.  These bloated government agencies count on us being silent, but if moms don’t speak up, who will.

Here’s some of what Regan found in her school district:

[…]The Jeffco School Board along with the superintendent, were being led by a facilitator from the Colorado Association of School Boards (CASB). Prior to this meeting on March 23rd, this same facilitator met with the board in the same capacity for a total of 2.5 hours in November and December 2011. The school district, by way of the taxpayers has paid CASB $3016.90 for the 2.5 hours of this particular facilitator to provide, talk. The hourly conversion rate is in fact $1,206.76 for every hour of talk provided by this facilitator. There is no known reason to the general public as to the necessity for these services or who was responsible for coordinating such.

[…]Jeffco R1 financial transparency reflection of recent expenses paid to CASB:

  • Legal Fees/Financial Support to CASB (these dollars are being used directly by CASB to fund the Lobato lawsuit which equates to taxpayer dollars being used to sue taxpayers into providing additional funding for public schools in Colorado)- $84,933.00
  •  Annual Fees for district membership to CASB – $28,613.00
  • Consulting Services- $9,975
  • CASB Conference Tickets- $3560.00
  • CASB fall conference registration- $2090.00
  •  Annual Fees for district membership to CASB- $27,792.00

The day was full of “chalk talk” on March 23rd. One might expect that if the general public were welcome at these public meetings, hearing the majority of talk by the five member board would be a compliment to good public service. However, it is often the case that the majority of time board members talk in their public study sessions, they do not use microphones and indicate fear of the general public actually being able to hear what is being talked about.

And that’s just a drop in the bucket.  Regan has done some great research and there’s plenty of clear chicanery and non-transparency going on out there in JeffCo.  How much is going on in your school district?

Check out the rest of Regan’s article here.

(via Examiner.com)

Tim Geithner says The Rich Need to Pay Higher Taxes for the Privilege of Being an American

Wow!  Is this guy nuts, or what?  Listen for yourself.  I know this guy is smart,  but quit the scare tactics already.  We can make cuts to things other than old people and whatever other crazy thing he said.  I’m sick, sick, sick of the Obama administration claiming that Conservatives and Republicans just want to cut things for seniors and national security.  I can think of plenty of things to cut before I even touch anything else and I would sure reform entitlements.  Come on, get a clue.  How can people believe this dreck?

Listen for yourself:

» A Budget Proposal Endorsed by Jesus Christ…Or Robin Hood? – Big Government

» A Budget Proposal Endorsed by Jesus Christ…Or Robin Hood? – Big Government

via Big Government:

Taking a break from His busy schedule as the world’s savior and redeemer, Jesus Christ found time two weeks ago to immerse himself in United States Presidential politics, endorsing Obama’s tax plan on wealthy earners. Or at least the President believes he did. At the National Prayer Breakfast, he invoked the Christian savior in order to sell his tax reform plan to a more religious audience, saying, “For me as a Christian, it also coincides with Jesus’ teaching that for unto whom much is given, much shall be required.”

Taking a break from His busy schedule as the world’s savior and redeemer, Jesus Christ found time two weeks ago to immerse himself in United States Presidential politics, endorsing Obama’s tax plan on wealthy earners. Or at least the President believes he did. At the National Prayer Breakfast, he invoked the Christian savior in order to sell his tax reform plan to a more religious audience, saying, “For me as a Christian, it also coincides with Jesus’ teaching that for unto whom much is given, much shall be required.”

See the entire article at  Big Government .

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