Category Archives: taxes

Last 4 digits of SSN as encryption password for tax returns or financial documents? Completely unsafe.

Does your accountant, financial advisor, or bank encrypt your tax return or other financial document with the “last four digits of your SSN”? Many professionals do so with great intentions of protecting their client’s information. So far in the first few months 2016 we’ve seen every accountant and several bank send we’ve dealt with send information encrypted with the last four of the social security number – or request that you send it to them with it encrypted with the last four of your SSN. However, it is not providing any security if Continue reading Last 4 digits of SSN as encryption password for tax returns or financial documents? Completely unsafe.

we need a global minimum tax – Sperling, Obama White House

“[Obama] supports corporate tax reform that would reduce expenditures and loopholes, lower rates for people investing and creating jobs in the U.S., due so further for manufacturing, and that we need to, as we have the Buffett Rule and the individual tax reform, we need a global minimum tax so that people have the assurance that nobody is escaping doing their fair share as part of a race to the bottom or having our tax code actually subsidized and facilitate people moving their funds to tax havens,” Gene Sperling, director of the White House’s national economic council said.

 

I guess the in the United States 47% who pay no taxes are going to see their taxes go up a lot.

So much for the Obama White House not wanting to raise taxes.

 

Warren Buffett, hypocrite – again

 

The NY Post writes:

This one’s truly, uh … rich: Billionaire Warren Buffett says folks like him should have to pay more taxes — but it turns out his firm, Berkshire Hathaway, hasn’t paid what it’s already owed for years. That’s right: As Americans for Limited Government President Bill Wilson notes, the company openly admits that it owes back taxes since as long ago as 2002. “We anticipate that we will resolve all adjustments proposed by the US Internal Revenue Service (“IRS”) for the 2002 through 2004 tax years … within the next 12 months,” the firm’s annual report says. It also cites outstanding tax issues for 2005 through 2009.

Obvious question: If Buffett really thinks he and his “mega-rich friends” should pay higher taxes, why doesn’t his firm fork over what it already owes undercurrent rates?

Read more here:

http://www.nypost.com

 

A question: what is the “fair share” percentage?  What kind of definition of “fair” means that some people pay a higher percentage than others?   It is the same definition included in Animal Farm where all animals are equal, just some animals are more equal than others.
And here:
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Hypocrite Warren Buffett says Rich should pay more.

Warren Buffett, the hypocrite of Omaha says taxes are too low/

Warren Buffett says taxes are too low but doesn’t pay more himself and uses the tax code to minimize his taxes

Warren Buffett says taxpayers need to get over their anger

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“The problem is members of Congress are dug in ideologically.” – Obama

The problem is members of Congress are dug in ideologically. President Obama, July 15, 2011

He is right, the power-hungry, class-warfare motivated, politicians want to increase their power over the purse by increasing taxes.  It is too bad that both the President and Democrat members of Congress are so dug in ideologically that they insist on tax increases – or “revenues” as the double-speak coming from the President and Congress refers to them.

It would be recklessly naive to go about our business in Washington pretending there won’t be severe consequences for the mountains of debt we are piling up.

It would be recklessly naive to go about our business in Washington pretending there won’t be severe consequences for the mountains of debt we are piling up.  Yet today it is evident that this kind of willful ignorance is sweeping across Washington. We are set to lift our Nation’s debt burden to $14 trillion.  I would ask my colleagues in this chamber if they know how many zeroes 14 trillion has. I would ask the American people if they know how many zeroes are in 14 trillion. It is 14 trillion. It is beyond comprehension to be talking about numbers this big. More precisely, the limit is 1, 4, 2, 9, 4, 0, 0, 0, 0, 0, 0, 0, 0, 0. It is a travesty.  The writing is on the wall. Congress needs to wake up and realize that the future of American prosperity is in dire straits, mortal danger. As Americans hunker down to weather the economic storm, Democrats in Congress boosted Federal spending by 12 percent.

February 4, 2010, when the then-Democrat-controlled House of Representatives voted to lift the debt ceiling to $14.294 trillion, then-Minority Whip Eric Cantor

 

The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure….Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren.

Worth reprinting:

The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”  Senator Obama, March 20, 2006

 

Then Senator Obama was right then, debt is not the answer and has never been the answer.

Throw out the old flag along with the Constitution…

With the “Health Insurance” vote, it has become clear of the two major parties, there is one party of freedom and one party of totalitarianism.  Anyone intellectually honest knows the Constitution prohibits government actions such as this (or the Patriot Act for that matter). To see a document of enumerated, limited powers twisted into the opposite by power-hungry politicians sworn to protect and defend it is disgusting. The Founders are not just spinning in their graves, they have spun so fast they have completely disintegrated.  Just like the protections in the Constitution.

So, the United States can now throw out the old flag while Congress throws out the last vestiges of the Constitution.  As such, a more modern flag is needed.  Several contenders to replace the old “Stars and Stripes” with a more timely flag are shown below.

Which do you prefer?  Let us know in the comments!

Sickle and Strips
Sickle and Stripes - Option 1
Stars, Sickle and Stripes
Stars, Sickle and Stripes - Option 2
Star-sickle and Stripes
Star-sickle and Stripes - Option 3

When the parasites can vote themselves a bigger bite from the host…

President Obama has proposed a 1.4 % pay increase for active duty military in 2011. This is the LOWEST since 1973. Nice to know that during a time of rampant inflation, while a war is fought in 2 theatres, our men and women in uniform get a LOWER PAY INCREASE THAN WELFARE RECIPIENTS.      — from K.P.L.

When the parasites can vote themselves a bigger bite from the host, they will do so.  The law is supposed to protect you and your life from being voted into subservience, but when the law is used instead to steal from a disarmed population, the law has been perverted.  Today many people believe the concept of personal responsibility means expecting someone else to pay for you and what you believe you “need.”

Today, the parasites are in control and the parasites have realized they can vote themselves a bigger bite from the host.  And the chief parasites in Washington want to maintain control by directing where the rest of the parasites can take their bite based on how you are favored – from the filet portion or  the keister.