Home

Death tax? You ain’t rich enough for the “death Tax”, Mabel

3 Comments

Marti Oakley (c) copyright 2010 All Rights Reserved

___________________________________________________

At the request of several of our readers, and in light of the Republicans holding the unemployed hostage while they attempt to extort the  public on behalf of the uber wealthy…….we revisit this article.  Apparently there are still a large number of individuals that believe they will fall victim to the “death tax”.  In your dreams sweetie!  If the Republicans get their way…you’ll be lucky if you can even afford to breathe!

_____________________________________________

Unless that farmer has a net worth…all his income plus real property value, minus all his debt that results in a net worth of 3.45 million or more, there is not a rat’s chance in hell they will be subject to any “death tax”. Simple estate planning can avoid all of this.  And what farmer, after having navigated the market manipulations of USDA, FDA, Farm Bureau and a host of other government agencies intent on depriving him of his life’s work, doesn’t make plans for the untimely event of his passing, making sure his heirs receive the results of that work?  Still, its nice to see someone finally concerned about our farmers.

_______________________________________________

You don’t make enough to qualify for special treatment under what is called the “death tax”.  The marketing of the term “death tax” and selling it to middle America as something that would affect them and their annual salaries, and what ever real assets they had accumulated is strictly a Republican disinformation tactic. This bogus marketing campaign has been promoted by Republicans to protect rich donors and their buddies and in many cases, themselves.  More

What Small Business Wants

Leave a comment

Submitted By Dan Martin

______________________________________________

The most egregious of their useless proposals revolve around the current the tax debate — whether to include the top 2 percent in reversing the Bush tax cuts. The sanctimonious claim is “this would hurt small business” — and this suggestion is incredibly wrong and even detrimental.

__________________________________________________

What small business really wants (it’s not what all those senators claim)
By Myles Spicer | Thursday, Dec. 2, 2010
Recently on TV there was a rerun of a popular movie produced in 2000: “What Women Want,” starring Mel Gibson and Helen Hunt. Very briefly, Gibson has “shocking” experience (literally) and is able to get into the “heads” of women and read their thoughts. Not a great move, but high grossing and of interest to me because it involved an advertising agency — my core profession for over 40 years.

It also coincided with the continuing claims by many members of Congress about what needs to be done to assist small business, who will be the drivers of our economy to get us out of this funk. Frankly their comments are inane, fictional, silly and inept. Why? Because virtually none of them really knows the dynamics of small-business challenges, and consequently do not or cannot get “into the heads” of true small-business people. Frankly, their statements are politically based, and have little to do with reality or an intelligent analytical basis of small business needs. More

SWAT team raids of barbershops in Orlando, FL

1 Comment

BRASSCHECK TV
Did you hear the one about the Orlando
Sheriffs Office that sent armed SWAT teams into barbershops searching for people …barbering without a license?

No it’s not a joke and there’s no punch line.

No warrants either.

We can’t bring Wall Street to justice, but no problem terrorizing small business owners. 

The whole disgraceful abuse of armed force here.

Economy: Our next stop, the twilight zone

1 Comment

LIVE LINK: Regular Folks United

Reprinted with permission

 “Government, government, government. Government does not create jobs. It\’s very simple how you create jobs. An entrepreneur takes a risk.”       Linda McMahon

___________________________________________

Friday, October 8, 2010, 2:09 PM EDT,  2:09 PM EDT from James Best

Economists and entrepreneurs deal with reality—and from what I’ve been reading lately, quite different realities. I’m too simple to grasp parallel universes, so I’ve got to pick one to believe. Do I trust an economist that has studied job creation, or the entrepreneur that has met a payroll?  

I should tell you, I’m prejudiced. I was trained in economics, but I made a living as an entrepreneur and by advising entrepreneurs. I have to go with the entrepreneurs. When economists are wrong, they do the two-step and muddle up their previous pronouncements. When entrepreneurs are wrong, they hire bankruptcy attorneys.

What are economists saying? On October 7th, the Wall Street Journal reported that some Federal Reserve officials want to “lift inflation,” that is force real interest rates negative (interest minus inflation), so that businesses and people will stop saving and start spending. Government spending hasn’t done the trick, so they want us all to spend like there’s no tomorrow. I presume these officials are the same economists and bankers that told the government that a near-trillion dollar stimulus was faint-hearted. Only someone tenured or ensconced in a cushy government job would think that piling on even more spending makes sense.

But that’s not all. These wizards are also telling the government to ramp up the taxes on anyone that still has money, heap massive regulations onto business, and take away the brass ring. Oh, and by the way, don’t worry about small business because we’ll give banks some earmarked money to lend to these poor creatures. (I’m sorry, but I don’t believe small businesses are not hiring because they haven’t been able to increase their debt load.) More

Small businesses threatened: 1099 tax form tyranny provision in health care bill

Leave a comment

Live Link:   The National Expositor

image

Natural News – According to a recent report from CNNMoney.com, the massive U.S. health care system overhaul includes more than just a transition to government-run medicine. A small section hidden away in the 2,409-page bill requires all businesses to send 1099 tax forms to every company or individual from which they purchased more than $600 in services and goods throughout the tax year, beginning on January 1, 2012.

As you’ll see below, this new law threatens to cause a wave of paperwork chaos across the entire U.S. economy, stifling the operations of small businesses and driving more jobs overseas.

Here’s why…

1099s required for virtually any expenditure

For those of you who aren’t familiar with a 1099, this tax document is typically issued to independent contract workers who receive payments for work they’ve done. “Employees” of businesses are issued W-2 forms at the end of the tax year while independent contractors and other freelancers making money outside of the wage structure receive 1099 forms.

But the new change (conveniently slipped into the health care bill that nobody actually read prior to voting on it) drastically expands the scope of 1099s. Not only will contract workers be receiving them, but so will millions of individuals and companies that receive more than $600 in payments for services and products they provide throughout the tax year.

And if you’re a small business owner, you will be required to issue a 1099 to every business from which you purchased more than $600 worth of goods or services. READ MORE

%d bloggers like this: