Mar 22 2014

Liberal Assault on Drudge Exposes Their Ignorance of Small Business and Taxes.

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The brouhaha started when Drudge tweeted, “Just paid the Obamacare penalty for not ‘getting covered’… I’M CALLING IT A LIBERTY TAX.”

Jesse Lee, the Director of Progressive Media at Barack Obama’s White House, responded that that was a “Flat lie, no fee for previous year,” adding, “Scary how much influence he once had.”

Lee’s response to Drudge set off a firestorm in the liberal media, with many mainstream media and left-wing reporters countering him on Twitter and in their own articles to claim he does not have to pay Obamacare’s Individual Mandate tax until next year. The individual mandate went into effect Jan. 1 of this year, and most people paying their taxes right now are paying taxes for 2013.

“Dude, there’s no penalty until next yr,” Sahil Kapur of the leftwing Talking Points Memo tweeted.

Kapur’s colleague at TPM Dylan Scott wrote a full story with a headline alleging Drudge was “probably lying.”

Drudge indicated in his followup tweets that since he is self-employed as the proprietor of The Drudge Report, he files as a small business. According to the IRS’s website for self-employed individuals, they are required to pay taxes quarterly.

“Dazed team Obama media reporters think Opt-Out tax ‘year away’?” Drudge tweeted. “Not for small businesses that file Qtr estimates. We’re there NOW, baby #pay.”

Read the full article at Breitbart.com.


Mar 10 2014

Taxes taken from struggling Americans, supposedly to help farms, instead goes to questionable groups with little or nothing to do with farms or farming

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Some nonprofit organizations whose stated purposes have nothing to do with farming have enjoyed hundreds of thousands of dollars in farm subsidies over the past ten years, according to a FoxNews.com report.

They include:

1. The Three Year Economic Saving Program, which supervises Muhammad farms, is owned by Nation of Islam leader Louis Farrakhan. The farm is located in Georgia, but the government subsidies, nearly $160,000, have gone to Farrakhan’s home in Chicago since 2002. The program, which was incorporated on Sept. 12, 2001, has been listed as “Not in Good Standing” by Illinois’s secretary of state since last September.

2. Seven waterfowl habitat foundations based in Chicago that aim to protect waterfowl at the Putnam County, Illinois, Dixon Waterfowl Refuge have received roughly $3.4 million in taxpayer funds. Despite the fact that the foundations claim to be based on protecting waterfowl, none of the ducks each foundation is named for is endangered. They include the Pintail, Ringbill, Blue-Wing Teal, Green-Wing Teal, Wood, Mallard, and Gadwall ducks. Not only are those ducks not endangered, the International Union for Conservation of Nature lists them as being “of the least concern.” When queried, the Wetlands Initiative’s finance manager would not answer why there were seven separate foundations.

3. The National Audubon Society, located in downtown Manhattan, has collected almost $763,000 in the last ten years, with its payment recipients located in eight separate states. Since 1995, only $114,000 of the foundation’s $932,801 in farm subsidies have been allocated for crop and livestock payments; the rest has been used for conservation. FoxNews.com could confirm that of the $114,000, only one farm affiliated with the Society, Aullwood Farm in Dayton, Ohio, received payments, which amounted to no more than $3,224.

Read the full article at Breitbart.com.


Mar 7 2014

Budget cuts…

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Feb 8 2014

Nothing a good tax won’t cure…

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Feb 3 2014

Teach your children…

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Jan 31 2014

Taxes in Reality…

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Jan 11 2014

Taxes…

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Dec 30 2013

Obama’s federal government funded hardcore porn project

popular romance project 500The National Endowment for the Humanities (NEH) has provided nearly $1 million in taxpayer funding since 2010 to “The Popular Romance Project,” an academic program to study the genre of popular romance fiction.

The Project aims to “explore the fascinating, often contradictory origins and influences of popular romance as told in novels, films, comics, advice books, songs, and internet fan fiction, taking a global perspective,” and will culminate with a 2015 documentary called “Love Between the Covers,” a “content-rich website,” an academic symposium, and a “nationwide series of library programs dealing with the past, present, and future of the romance novel.”

Under Obama-appointed former chairman Jim Leach and Obama-appointed acting chairman Carole M. Watson, NEH has given $914,000 to the Project, according to Sen. Tom Coburn’s annual “Wastebook.”

President Barack Obama, whose re-election campaign was boosted by Democrat claims of a Republican “War on Women,” requested $154.4 million in funding for NEH in the fiscal year 2014 budget, a 5.1 percent increase, despite Republican efforts to cut the agency’s budget.

Read more at the Daily Caller.

 


Dec 27 2013

Government abuse…

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Dec 18 2013

Winston Churchill…

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Dec 16 2013

Taxes…

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Dec 13 2013

Taxes…

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Dec 10 2013

CBO:Top 40% Paid 106.2% of Income Taxes; Bottom 40% Paid -9.1%, Got Average of $18,950 in ‘Transfers’

Tax-Redistribution 500The top 40 percent of households by before-tax income actually paid 106.2 percent of the nation’s net income taxes in 2010, according to a new study by the Congressional Budget Office.

At the same time, households in the bottom 40 percent took in an average of $18,950 in what the CBO called “government transfers” in 2010.

Taxpayers in the top 40 percent of households were able to pay more than 100 percent of net federal income taxes in 2010 because Americans in the bottom 40 percent actually paid negative income taxes, according to the CBO study entitled, “The Distribution of Household Income and Federal Taxes, 2010.

“When refundable tax credits, such as the earned income tax credit and the child tax credit, exceed the other federal tax liabilities of the households in an income group, those households are said to have a negative average tax rate,” said the CBO study.

“In its analysis, CBO measured individual income taxes net of refundable credits,” it said.

In 2010, the CBO determined, American households in the bottom 40 percent paid negative amounts in income-tax dollars and a negative average income-tax rate.

Read the full story at CNS News.


Nov 27 2013

Taxes…

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Nov 18 2013

Death & Taxes…

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