http://www.edelmanfinancial.com/galleries/default-file/ipf_12_09.pdf
Ric Edelman in “The Roth IRA Conversion Conundrum” points out while you CAN convert your IRA to a ROTH. Unless the circumstances are just right, you shouldn’t. Why all the BUZZ about doing it? Well guess who makes out if you do it? Yup, the brokers and the gooferment! Paying taxes when it is not needed or wrong is always disastrous
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Leave a Comment » | 
MONEY | Tagged: Economics, Tax, Taxes | 
Permalink
Posted by reinkefj
http://www.getrichslowly.org/blog/2009/08/31/the-truth-about-taxes/&cp=1/#comment-195287
The Truth About Taxes
Monday, 31st August 2009 (by J.D.)
*** begin quote ***
Note: Although I try to keep GRS a politics-free zone, today’s topic is inherently political. I’ve stayed as neutral as possible in the article, but I know that there’ll be some political discussion in the comments. Please keep conversation civil, as always.
Because I was frustrated with my own ignorance about the U.S. federal budget and our tax system, I recently spent twelve hours researching a variety of tax topics. From my research came two articles: last week’s short guide to the federal budget and today’s post, which answers some of my personal questions about taxes.
*** end quote ***
Welcome to the “tax wars”, by the time we’re finished with you, you too will be a raving loon!
Tactically, you can’t figure out how much “tax” you pay. We need to recognize that ONLY real people pay tax. So, the taxes that companies pay is really a hidden tax on the people who buy their products. BUT you can’t see it. Further, if there are capital goods used by a company, the taxes on that capital good are buried in the product’s price. Also, recognize that “costs”, “user fees”, or any unavoidable expense imposed by or as a result of the gooferment’s actions, laws, regulations, or diktats is a TAX! Try and figure out all of those. Good luck. One quick example, drugs. The FDA has rules, pharmacies have regulations, doctors have laws. Argh! It’s IMPOSSIBLE to figure out exactly what you pay in tax. And, then we can talk about monetary inflation as a gooferment tax. When you sum it all up, it might be greater than your annual income!
Strategically, taxes are NOT “the cost of living in civilized society”; they are THEFT. How does what dead old white guys did 233 years ago obligate me? It’s a principle of contract law that there has to be offer and acceptance to have a contract. Where is the offer? Where is my acceptance? What obligates me to pay? The definition of citizen states there is an exchange for the state’s “protection”, yet the courts have repeatedly held that there is no specific enforceable duty of the government to protect me. So why again do I have to pay for “services” that I don’t want, can’t use, and are horribly overpriced? In the case of Federal Abortion funding, it’s also morally offensive to me; yet, I still must pay.
Welcome to the tax wars. This is theft by deception. IMHO!
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Leave a Comment » | Political | Tagged: Tax, Tax Rates, Tax Revolt | Permalink
Posted by reinkefj
http://www.ibdeditorials.com/IBDArticles.aspx?id=329091224620125
Obama’s Plan For A Debt-Ridden Future
By ERNEST S. CHRISTIAN AND GARY A. ROBBINS | Posted Friday, June 05, 2009 4:20 PM PT
*** begin quote ***
In effect, American families would over time lose an amount greater than an entire year of GDP — a blow far more severe than the damage being done to them by the current recession.
*** end quote ***
Between debt and unfunded liabilities, we are falling further and further behind. Sad to say, we can’t even guess how much we pay in taxes. The politicians have succeeded in hiding and burying taxes in every conceivable manner.
When Obama’s inflation starts, it’ll be too late to react.
Gold! The ancient store of value.
There’s a reason that Jefferson and Jackson were against “central banks” like the Federal Reserve Bank and paper money. Those allow politicians and bureaucrats to hide the true cost of their evil deals.
Imagine how they’d be on the hook, if they could NOT silent tax every dollar in the world with inflation?
Like withholding and corporate taxes, everything gets hidden from view.
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Leave a Comment » | Political | Tagged: economic freedom, Economics, sound money, Tax, Tax Revolt, Taxes | Permalink
Posted by reinkefj
http://www.reason.com/blog/show/133627.html
If You Care About the Uninsured, Please Drink Budweiser. Or Schlitz. Or Coors. Or Hamm’s. It Doesn’t Really Matter What Beer You Drink, Only That You Drink a Highly Taxed Beer. And If You Really Care About The Uninsured, Why Not Drink a Case of Beer?
Nick Gillespie | May 21, 2009, 7:21am
*** begin quote ***
Is it too late to take it all back, this loose talk about legalizing “vices” and then taxing them?
Some details on a “proposed beer tax” currently working its way through Congress like a kidney stone through Ted Kennedy’s man-parts. It’s all over but the shouting, screaming, and gnashing of teeth:
Consumers in the United States may have to hand over nearly $2 more for a case of beer to help provide health insurance for all.
Details of the proposed beer tax are described in a Senate Finance Committee document that will be used to brief lawmakers Wednesday at a closed-door meeting.
Taxes on wine and hard liquor would also go up. And there might be a new tax on soda and other sugary drinks blamed for contributing to obesity. No taxes on diet drinks, however.
Beer taxes would go up by 48 cents a six-pack, wine taxes would rise by 49 cents per bottle, and the tax on hard liquor would increase by 40 cents per fifth. Proceeds from the new taxes would help cover an estimated 50 million uninsured Americans.
*** end quote ***
And, of course, there won’t be any discussion of:
(1) Why do beer drinkers have to pay for the “uninsured”?
(2) Who is in the 50M “uninsured”? (Young people, people who could afford insurance, illegal aliens, UAW pensioners)
(3) Why is the government in the health insurance business in the first place?
Argh!
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Leave a Comment » | MONEY | Tagged: Bailouts, Economics, Gooferment, Tax | Permalink
Posted by reinkefj
http://tslrf.blogspot.com/2009/05/inflation.html
Friday, May 8, 2009
Inflation
*** begin quote ***
This is a backdoor tax because a tax was not passed. You did not have money stolen out of your paycheck and didn’t write them a check but they in effect reached into your wallet and bank accounts and via a loss purchasing power you were essentially taxed.
*** end quote ***
Insidious backdoor taxation. Coming to you very soon!
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Leave a Comment » | MONEY | Tagged: Economics, Tax, Tax Rates, Tax Revolt | Permalink
Posted by reinkefj
http://www.americanthinker.com/2009/04/representation_without_taxatio.html
April 10, 2009
Representation without Taxation
By Alan Aronoff
*** begin quote ***
When beneficiaries of government policy do not sufficiently overlap the payers of those benefits, we have a governing system of representation without taxation. This type of system is not sustainable long term, but history suggests it may persist for some time under the pretext of ‘economic justice’ unless soundly rejected by the American people.
*** end quote ***
That’s the result of “progressive” taxation aka “soak the rich”.
The only fair tax is to make it voluntary. If the gooferment provides a service, then it should “tin cup” for donations.
At the very least, if EVERYONE had to pay a 1% tariff on imported goods. That would be “fair”.
As I proposed in page 616 of my book “CHURCH 10●19●62” (http://www.itstartedinchurch.com), a simple modest tariff collection mechanism would require little enforcement:
“Because the Government didn’t want to have a lot of checkers, the value is declared at the border. The tariff is two MILs per 10 ounces of value. The importer declares the value and pays the tariff. To ensure honesty, under estimation triggers a 100% penalty. So because the rate is so low and the penalty so high, importers typically add a zero to the end of the value number. For example, a truck valued of one thousand ounces would be assessed a tax of two ounces. So an importer, to be sure of compliance, would call it ten thousand ounces and pay a tax of twenty ounces. Not very fair, but very easy to administrate.”
We have reached the point where the “takers” outnumber the “producers”. We’ll we now see the diminished incentives lead to decreased productivity. Eventually it winds up that we look like a Communist country where the underground economy and “just getting by” becomes the national ethic.
Where are the pitchfork and torches?
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Leave a Comment » | Ranting | Tagged: Economics, Tax, Tax Rates, Tax Revolt | Permalink
Posted by reinkefj
http://www.washingtonpost.com/wp-dyn/content/article/2009/02/21/AR2009022100911_pf.html
Obama’s First Budget Seeks To Trim Deficit
Plan Would Cut War Spending, Increase Taxes on the Wealthy
By Lori Montgomery and Ceci Connolly
Washington Post Staff Writers
Sunday, February 22, 2009; A01
*** begin quote ***
President Obama is putting the finishing touches on an ambitious first budget that seeks to cut the federal deficit in half over the next four years, primarily by raising taxes on businesses and the wealthy and by slashing spending on the wars in Iraq and Afghanistan, administration officials said.
*** end quote ***
Companies don’t pay taxes; people do. So raising the corporate tax is essentially a tax increase for everyone; poor included.
Rich folks have the ability to defer income and shit it and even “coast”. Watch how revenues “fail to appear”!
Stupidity!
Ignores the lessons of Kennedy and Regan.
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Leave a Comment » | ADMINISTRIVIA | Tagged: Corporate Tax, Depression, economic freedom, Economics, Gooferment, Income Tax, Inflation, Obama, Policy, POTUS, POTUS08, Presidential2008, Revolt, Tax, Tax Rates, Tax Revolt, Taxes | Permalink
Posted by reinkefj
FROM FACEBOOK:
Bill Buran’s Notes
Complete hypocrisy by the Democrates on Taxes
Yesterday at 8:03pm
*** begin quote ***
Now I am against all form of income taxes and certainly try to limit my exposure, but I still unwillingly pay…more and more each year.
Yet…when a Democrat going for higher office knowingly does not pay taxes while insisting we all need to pay more to “spread the wealth”…I guess just not his wealth.
This angers me more each day and gives more reason to vote them all out…to be fair this goes for all in Congress and the Senate.
If a Democrat evades paying taxes that must paint a bigger picture of this insane overburden tax system.
So when do we all just say NO and stop giving our fruits of labor (private property) to a dysfunctional government.
Tax Revolt anyone????…..seriously!
*** end quote ***
MY RESPONSE:
It’s actually worse than anyone thinks. Inflation is the hidden tax on all of us. Taxes, via corporations, are hidden in all we buy. Some taxes, like gas, and “fees”, like real estate closing taxes or car excise taxes, are added onto the purchase prices and become invisible to the buyer. And, the only indicator of the total tax load is the total gooferment spend. See tax reduction without spending reduction is an illusion. Inflation, debt, regulation, and “fees” are the “evil stepsisters” of the taxes we pay. We can’t even fathom how much we pay in taxes. It’s theft by deception!
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1 Comment | Ranting | Tagged: Revolt, Tax | Permalink
Posted by reinkefj
http://www.americanthinker.com/blog/2008/11/how_stupid_is_senator_menendez.html
http://www.youtube.com/watch?v=W7FJX5QiCrw
November 04, 2008
How stupid is Senator Menendez?
Larrey Anderson
*** begin quote ***
Either he is stupid or he is intentionally confusing the difference between the income tax and capital gains taxes.
Watch this interview of Senator Robert Menendez, a New Jersey Democrat, by Neil Cavuto on FOX news.
*** end quote ***
Well, we have Lautenberg too.
<Just shaking my head!>
I don’t think we have ANYTHING to worry about. There won’t be any tax cuts period.
Then sheeple have been fooled again.
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Leave a Comment » | Ranting | Tagged: Income Tax, Tax, Tax Rates, Tax Revolt, Taxes | Permalink
Posted by reinkefj
Political Punch
Power, pop, and probings from ABC News Senior National Correspondent Jake Tapper
October 31, 2008 10:58 AM
*** begin quote ***
“John McCain and Sarah Palin they call this socialistic,” Obama continued. “You know I don’t know when, when they decided they wanted to make a virtue out of selfishness.”
*** end quote ***
Well, that tears it! It’s all out in the open now. His stealth campaign is unmasked.
Think it’s just big gooferment; you’re selfish.
<shaking my head at the hubris of the socialists>
Argh!
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Leave a Comment » | ADMINISTRIVIA | Tagged: Moral Hazard, Morality, Obama, POTUS08, Tax, Tax Revolt, Taxes, Welfare | Permalink
Posted by reinkefj
-
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FJohn Reinke
Consultant at Technology Legacies LLC
Advisor, Computer Governance Committee at Manhattan College
Editor / Publisher at Jasper Jottings
Greater New York City Area
JJ Positraction JJ Endnotes Downsize DC
Philosophy of Liberty
I have NOT received any gagged governmental information requests
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