Taxes

[scottw]

Originally Posted by RIJIMMY

But its crap that I pay $30 a day to commute to my job, make good money, take the "risk" every day of major decisions, sacrifice a shat load but due to AMT, I can barely take any deductions and NO TAX code benefits me. Yet multi millionaires can take all kinds of deductions and pay a less effective rate. The tax code needs to be changed. Loopholes need to be closed

Jim, you know that I love you and harkening back to the Sowell quote I posted earlier, "if you care about people you tell them the truth"...I was reading the CBO projections going foward the other day and the two scenarios mentioned were the "rosy" scenario and the one where we were screwed....the "rosy" scenario is counting on the Bush tax cuts sunsetting and an expansion of the AMT to adversely affect many, many more Americans, so I'm telling you the truth...you will continue to get screwed and it is very likely to get worse for those in your earning range because you represent the largest portion of the population both actually paying taxes and sitting on significant savings and investments...and you have stuff like trucks and boats(I think Spence referred to these as luxuries when you mentioned them previously) so noone is going to feel sorry for you...if you have money they have a bullseye on you...that's just how it is

and they never, ever stop...

The UN also has a habit of using money designated for relief projects to enrich its own coffers, including the $732.4 million budget for earthquake-shattered Haiti, two thirds of which was spent on “the salary, perks and upkeep of its own personnel, not residents of the devastated island.”

UN Wants World Tax To ‘Help The Poor’

Global levy needed to aid “needy people” get free housing, education and healthcare

Friday, February 3, 2012

The United Nations wants a world tax imposed on all financial transactions to fund a global model of social services that will provide “needy people” with a basic income, free healthcare, education and housing.

The drive is part of the UN’s mission to create a “social protection floor” under the auspices of the Commission on Social Development, which began this week in New York. The SPF will become the UN’s primary focus from 2015 onwards when the Millennium Development Goals project concludes.

“The money to fund these services may come from a new world tax,” reports the Deseret News, quoting Jens Wandel, Deputy Director of the United Nations Development Program, who said that a long term funding plan for the project would center around “a minimal financial transaction tax (of .005 percent). This will create $40 billion in revenue.”

“No one should live below a certain income level,” stated Milos Koterec, President of the Economic and Social Council of the United Nations. “Everyone should be able to access at least basic health services, primary education, housing, water, sanitation and other essential services.”

According to the report, the new global tax is designed to be a progressive scale, with higher earners paying more to help provide “all needy people with a basic income, healthcare, education and housing.”