Thursday, October 4, 2012

"We ask you to contribute just a little more"

In watching the replay of the Presidential Debate that was held in Denver a few months back I'm getting really annoyed with President Obama's sly suggestion that in order to increase revenue he is "asking that those of us who have done very well in this country contribute a little bit more to reduce the deficit". Seriously, this makes me want to throw up. What he really means is: "We want to steal more of your money to make up for corrupt decisions that include endless war, the federal reserve, and foreign aid."


A recurring theme in The Book of Mormon is that wicked kings loved to tax people heavily to be "supported in their laziness, and in their idolatry, and in their whoredoms, by the taxes which (the king) had put upon his people; thus did the people labor exceedingly to support iniquity." Mosiah 11:6

King Benjamin said: "And even I, myself, have labored with mine own hands that I might serve you, and that ye should not be laden with taxes, and that there should nothing come upon you which was grievous to be borne..." Mosiah 2:14.

King Noah did: "And he laid a tax of one fifth part of all they possessed, a fifth part of their gold and of their silver, and a fifth part of their ziff, and of their copper, and of their brass and their iron; and a fifth part of their fatlings; and also a fifth part of all their grain." Mosiah 11:3

King Noah is known as the most wicked king in The Book of Mormon and he only taxed 20%. Add up all the taxes we pay in different forms today and many pay over 50% in tax. (This is not even addressing corporate income tax rates and estate taxes)

The federal income tax is used to pay off debt to the Federal Reserve Banking system, which is not affiliated with the government at all. It is a private bank that literally prints money out of thin air, lends this worthless paper to the US government, who then pays back the money with interest. They get the money to pay back interest from federal income tax.

All the government services that we depend on such as Social Security, Medicare, schools, construction of roads, etc. are paid for with other taxes (gasoline tax, sales tax, property taxes, etc, etc). The federal income tax started in 1913 at 1%, and now????

My question to those who read this is: Do you feel a sense of pride paying taxes? Do you think it is your civic duty to pay federal income tax? Or do you feel that our tax code is corrupt and something that we should be more aggressively trying to amend through proper channels? Let me know your thoughts.

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Friday, July 27, 2012

Are you aware of the hidden taxes?


How much tax do we really pay?



ItemRateNotes
Federal personal income tax17%
(2011 est. - 18.2%)
Top 25% rate. It ranges from a credit up to well over 40%. Source
State & local income taxes10.1%
(2009 - 10.6%)
State taxes range from under 6% to over 12%. Local taxes run from zero to 2.75%.Source,  source,  source,  2009 source
Sales tax9.7%
(2009 - 10.3%)
Figure is the average rate. State sales taxes range up to 8% and local taxes run from zero to over 5%. Source,  source,  source,  2008 source,  2009 source
Social security & Medicaid7.65%Total rate is actually 15.3% since half is paid by the employer, but we're ignoring that to be kind and to avoid being accused of being too political. Source, box 1
Federal corporate income tax share3%Based on corporate taxes being approximately 1/6 of personal taxes, and that they are paid by individuals in the final analysis. Source
Property tax2.5%
(2007 - 2.7%)
Yearly average actual costs range from under $200 in Alaska to almost $1900 in New Jersey. Source
Fuel/gasoline tax.5%
(2009 est. - .6%)
Approximately 23% of the 2005 gasoline price is for federal & state taxes. The federal excise tax is 18.4 cents per gallon. Per the CPI, about 6% of the average budget is for transportation. Estimated. 2010 estimate, $.45 per gallon average. Source
Other5%
(2009 est. - 7%)
Includes estate tax, fees, licenses, inflation losses, inheritance, deficit allowance, gift, and others too numerous to mention. Estimated.



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