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#404492 - 03/09/09 10:24 AM
Re: The Daily Obama Incompetence Thread
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Porn Jesus
Registered: 04/19/04
Posts: 7888
Loc: Carpathian Mountains
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Can anyone tell me the possible reason that Obama returned the bust of Churchill to the brits? The story in the NY Post- http://www.nypost.com/seven/03092009/postopinion/opedcolumnists/whats_behind_baracks_brit_snit_158653.htmI puzzled why a man who must be used to percieved slights as a minority- who perform an action that might even remotely tick off one of our only true allies. Can anyone give me a legitimate reason for this type of thing? And before the board commies jump on me for picking on the Prez, I do think he has done a few positive things such as the stem cell issue but WHY would you strain one of the countries best foreign relationships?
_________________________
"Some say I'm lazy and others say that is just me.
Some say I'm crazy, I guess I'll always be"
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#404493 - 03/09/09 10:36 AM
Re: The Daily Obama Incompetence Thread
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Porn Jesus
Registered: 08/09/06
Posts: 9113
Loc: red dirt state of mind
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They seem to think he snubbed the British PM too. I don't know that it's an intentional snub or it's just a inexperienced mistake made by his handlers.
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#404494 - 03/09/09 02:24 PM
Re: The Daily Obama Incompetence Thread
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Whoremaster
Registered: 06/22/07
Posts: 2656
Loc: Polekatz, Rte 43
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Hey Kids!
Turns out Odumba is financially illiterate. Who new? I never would have expected this from a former "community organizer" who once made a living agitating for increased handouts. While discussing the plunging stock market (caused by his policies and "eat the rich" rhetoric) he referred to the “profit and earnings ratio.” Any 20-year-old with $500 to invest could tell you that P/E ratio stands for “price-to-earnings”. Maybe he really doesn't get that greedy investors have to pay some kind of price for stocks before they can reap those obscene profits.
After this idiotic statement, he said it was a great time to invest in the stock market. The market then did what it does every time he or his Sec of Treasury Tim "The Tax Cheat" Geithner discuss it publicly. It plunged further - COL (Cry Out Loud).
_________________________
"You have been banned from making any new posts or sending private messages. The reason for this ban is: meh, cause i can"
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#404496 - 03/09/09 03:35 PM
Re: The Daily Obama Incompetence Thread
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Gag Factor Guru
Porn Jesus
Registered: 07/15/05
Posts: 5290
Loc: Dayton
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Quote:
Odumba is financially illiterate. Who new?
FAIL!
-Chuck, Vegetarian fanboy
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#404497 - 03/09/09 04:20 PM
Re: The Daily Obama Incompetence Thread
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Gag Factor Guru
Porn Jesus
Registered: 07/15/05
Posts: 5290
Loc: Dayton
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Quote:
Can anyone tell me the possible reason that Obama returned the bust of Churchill to the brits? The story in the NY Post-
http://www.nypost.com/seven/03092009/postopinion/opedcolumnists/whats_behind_baracks_brit_snit_158653.htm
I puzzled why a man who must be used to percieved slights as a minority- who perform an action that might even remotely tick off one of our only true allies. Can anyone give me a legitimate reason for this type of thing?
And before the board commies jump on me for picking on the Prez, I do think he has done a few positive things such as the stem cell issue but WHY would you strain one of the countries best foreign relationships?
The Telegraph explains:
Quote:
Churchill has less happy connotations for Mr Obama than those American politicians who celebrate his wartime leadership. It was during Churchill's second premiership that Britain suppressed Kenya's Mau Mau rebellion. Among Kenyans allegedly tortured by the colonial regime included one Hussein Onyango Obama, the President's grandfather.
-Chuck, Vegetarian fanboy
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#404498 - 03/09/09 04:59 PM
Re: The Daily Obama Incompetence Thread
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Porn Jesus
Registered: 04/19/04
Posts: 7888
Loc: Carpathian Mountains
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Well that would explain the personal bias against the churchill bust but really did he have to return it- the President should be above such things. Remember what people didn't like about Bush. Better he swallow some of those feelings in order to keep the relationship strong. Not that this or the gift snafu would ruin it but it is things like this that might start it down that path.
_________________________
"Some say I'm lazy and others say that is just me.
Some say I'm crazy, I guess I'll always be"
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#404499 - 03/09/09 05:05 PM
Re: The Daily Obama Incompetence Thread
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Bukkake Boy
Registered: 01/02/04
Posts: 698
Loc: CA
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Quote:
No, I sincerely care about poor people. It's that "bleeding heart" part of bleeding heart liberal. A society has an obligation to care for the least of its members. There should be a social safety net.
Dogs and cats don't vote, but I advocate for them.
-Chuck, Vegetarian fanboy
You're a fucking idiot. Exactly what percentage of your income do you provide to other 'less fortunate' members of American society??? 30-40%??? You don't need it, you care... remember???
The problem with you bleeding heart types is that you don't put your money where your mouth is, you put my money on whatever fucked up cause you have.
Did Obama take any substantial portion of the millions he made writing books instead of voting in the Senate and use it to support any social cause??? Fuck NO. He squirelled it away in the safe in his $1.6 million dollar mansion that's not in Chicago a neighborhood he claims to represent.
Did Al Gore downsize from his 20 bedroom TN mansion that uses 20 times more energy than the national average (221,000 kWs) to reduce global warming??? NO!
Did John Edwards subdivide his 102 acre NC estate so he could build free low-income housing (like Habitat For Humanity) to help reduce poverty in the county where he lives??? NO!
Why the fuck should anyone else pony up when liberal leaders refuse (and cheat on their taxes - but that's another arguement)???
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#404501 - 03/09/09 05:44 PM
Re: The Daily Obama Incompetence Thread
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Gag Factor Guru
Porn Jesus
Registered: 07/15/05
Posts: 5290
Loc: Dayton
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Quote:
Quote:
No, I sincerely care about poor people. It's that "bleeding heart" part of bleeding heart liberal. A society has an obligation to care for the least of its members. There should be a social safety net.
Dogs and cats don't vote, but I advocate for them.
-Chuck, Vegetarian fanboy
You're a fucking idiot. <snip>
Well, that gets the debate off to a pleasant start.
From my post:
A society has an obligation to care for the least of its members. There should be a social safety net.
As a whole, society, through our taxes and our Government, should collectively take care of the poor. Not through private charity, that's the whole point.
I have no problem doing my part, I pay my taxes. Your earlier posts (possibly in another thread) seem to indicate you have the wherewithal to do your part, too.
Politicians with tax issues could be a huge thread or a website of its own. Not really relevant here.
-Chuck, Vegetarian fanboy
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#404502 - 03/09/09 05:48 PM
Re: The Daily Obama Incompetence Thread
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Gag Factor Guru
Porn Jesus
Registered: 07/15/05
Posts: 5290
Loc: Dayton
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^^  Where can I invest in tin foil hat futures? ^^ -Chuck, Vegetarian fanboy
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#404504 - 03/09/09 06:12 PM
Re: The Daily Obama Incompetence Thread
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@
Porn Jesus
Registered: 10/19/06
Posts: 9958
Loc: fortified
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Coke...
Somethings wrong with you d00d. Just sayin.
You're the kid that hated Christmas aren't ya?.
Mostly because it involved your old man dressing up to empty his sack on you. You took so much you never learned to give.
We're here for you Coke. We care. We really fucken do.
heh
_________________________
i just lock, load, and regret. - jamesn
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#404505 - 03/09/09 06:25 PM
Re: The Daily Obama Incompetence Thread
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Gag Factor Guru
Porn Jesus
Registered: 07/15/05
Posts: 5290
Loc: Dayton
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Quote:
Quote:
I have no problem doing my part, I pay my taxes.
-the highest earning 1% of Americans pay 40% of all taxes
-the highest earning 5% of Americans pay 60% of all taxes
-the highest earning 25% of Americans pay 86% of all taxes
-the lowest earning 75% of Americans pay jack shit and don't even say thank you
It's nice that you have no problem paying your miniscule taxes. Under Obama people who don't even pay income taxes will get "tax refund checks".
Get your hand out of other people's pockets. Go fuck yourself.
NPR:
Quote:
The wealth gap in America has long been in the making. In the 30 years between 1975 and 2005, U.S. households in the bottom 80 percent income bracket saw their share of national income actually fall. Those in the bottom 40 percent saw a drop in their incomes when adjusted for inflation. Only the top 20 percent of households experienced an increase their share of the total national income; much of that went to households in the highest 5 percent of the income bracket.
U.S. households in the top 20 percent of the income distribution own well more than 80 percent of the nation's wealth.
We need distributive justice.
-Chuck, Vegetarian fanboy
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#404507 - 03/09/09 06:55 PM
Re: The Daily Obama Incompetence Thread
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Whoremaster
Registered: 06/22/07
Posts: 2656
Loc: Polekatz, Rte 43
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Time for a new update!
Today the fawning New York Times asked Obambi if he is a socialist. He gave a lame talking point answer and hung up. But for some reason he was so sensitive and bothered by the subject that later he picked up the phone and called them back to give one more reason why he's not a socialist - LOL.
He said "ya know, they started buying into banks in the previous administration". Yeah, aha, and he's done that X 1000 in one month. Now he's gearing up for socialized medicine, which will be the 2 ton straw that broke the camel's back.
_________________________
"You have been banned from making any new posts or sending private messages. The reason for this ban is: meh, cause i can"
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#404508 - 03/09/09 06:56 PM
Re: The Daily Obama Incompetence Thread
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Gag Factor Guru
Porn Jesus
Registered: 07/15/05
Posts: 5290
Loc: Dayton
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I have a BS with honors in a technical field, and a fine career. I also have a nice inheritance, or half of one now. I do fine, if you would look at other threads and know me. New RV, new motorcycle, own home but equity melting fast, looking forward to a comfortable retirement at 55. Like my dad, I've put myself through school and worked my tail off to be successful.
I had help. Public school, GI Bill, a community college, GI loan for my house, etc. I've been down, I've been up. I'd do 'er all again.
True liberals believe in doing their part, plus helping others. It is my prayer that I've done that.
-Chuck, Vegetarian fanboy
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#404510 - 03/09/09 07:17 PM
Re: The Daily Obama Incompetence Thread
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Gag Factor Guru
Porn Jesus
Registered: 07/15/05
Posts: 5290
Loc: Dayton
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I don't know or care about the NYT socialist crap, and I'm not going to keep your thread going by researching this minutia and replying to it. I will say something about the health care problems we are facing. We need a solution, but I don't want single payer or socialized medicine either, because of this. I would like to see regulatory changes that protect patients, and close all the holes in the net. Universal, yes, something like Mass. has. Affordable, no one can be totally denied, people are covered so they can't be wiped out, possible subsidies. But it needs to be done in such a way that future legislators and Presidents (of any political stripe) can't fuck it up. I'm actually glad the conservatives are in this debate, I see how too much Gov't. control here could be harmful. Coke, shrill voices and nit picking "gotcha" politics don't help at all. Let's hear some others discuss how to fix our health care system. -Chuck, Vegetarian fanboy
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#404511 - 03/09/09 07:38 PM
Re: The Daily Obama Incompetence Thread
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Gag Factor Guru
Porn Jesus
Registered: 07/15/05
Posts: 5290
Loc: Dayton
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Quote:
Sounds like data entry of something similarly lame.
My high school English teacher, Mrs. Ross, was so good I tested out of ALL college English requirements. I still love that woman! My dad came to see her, she had been a nurse on Okinawa and had 8mm film of the Okinawans jumping off the cliffs to their deaths. My dad was a Marine there. They had quite a lengthy talk.
I had great high school teachers, Mrs. Ross was older, but a lot of them were younger and had gone through the political and social upheavals of the 60's. They challenged us to think for ourselves, to question, to explore. But they insisted upon correctness, academic rigor. It was wonderful. I kicked ass in college, even after 8 years of being a military sexual and substance abuse tourist.
Coke, I saw elsewhere you have some education. Did teachers of your generation tolerate spelling and grammar errors? Typos? Ever taken a logic course?
After my dad retired, in his 60's, he did a Masters of Humanities at a state college, and took his sweet ass time, too. Drown himself in philosophy and theology. I remember one day a distant relative of my Appalachian step mother came to visit. She was a Pentecostal minister, and my dad began to grill her with theological and philosophical issues. My atheist hippie friend Maggie and I sat there for about an hour and bit our tongues, it was one of the most entertaining things I've ever experienced. At one point she said, "I didn't get to go to seminar." She meant seminary. We laughed at that for years.
This thread kinda reminds me of that day.
-Chuck, Vegetarian fanboy
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#404512 - 03/09/09 07:58 PM
Re: The Daily Obama Incompetence Thread
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Porn Jesus
Registered: 08/03/03
Posts: 5849
Loc: TX, USA
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Quote:
We need distributive justice.
Coke's numbers are actually right. Almost all income taxes are paid by "the rich", and they already pay substantially more than their part of the income pie.
What he didn't mention is that the bottom 40% pay zero taxes or less (receive a tax credit check from the IRS). The poor pay no taxes and often get paid for being poor, and this reaches well into middle class.
The US tax system already substantially redistributive, so much so that we _have_ to have those evil rich people to pay taxes or everyone else takes a huge hit to make up for it.
(put another way: if it weren't for those rich guys making over $250,000, everyone else would see their taxes literally double to make up for it)
_That_ in turn is important because those rich guys have been wiped out in the recession, losing over half of all they had. That suggests to me that as a group there's less money to pay for the federal budget, and if they can only half as much as they could a year ago, then everyone else has to pay 25% more to make up for it.
In short, unless you want to start taxing the poor and increasing taxes on the middle class you better start hoping that the rich get richer. As it is I'm worried that the recession has wiped out so much of the rich taxpayer class that there are significant tax increases coming for the middle class as the only ones who can fund all of Obama's spending.
_________________________
"If they can't picture me with a knife, forcing them to strip in an alley, I don't want any part of it. It's humiliating." - windsock
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#404513 - 03/09/09 08:11 PM
Re: The Daily Obama Incompetence Thread
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Gag Factor Guru
Porn Jesus
Registered: 07/15/05
Posts: 5290
Loc: Dayton
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JRV, I've seen that argument, and been fucking around here so much I have no idea what the other side is saying about it. But I'll take an uninformed stab, and then go do some research.
My best guess is that the additional single percentage increase in taxes will be almost in the noise to the $250k+ households, compared to what is happening to the values of their investments and real estate holdings. I think the additional single digit increase in taxation will be more than offset by the gains from the resultant economic boost, but maybe not, that's the gamble the country took when they elected Obama. Let's hope it works, but if it doesn't, it won't be taxes that wipe out the upper income folks, it will be the evaporation of white collar jobs, etc.
Now I go see if I'm close to guessing the lefty response to this.
-Chuck, Vegetarian fanboy
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#404516 - 03/09/09 09:00 PM
Re: The Daily Obama Incompetence Thread
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Bukkake Boy
Registered: 01/02/04
Posts: 698
Loc: CA
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Quote:
A society has an obligation to care for the least of its members. There should be a social safety net.
I have no problem doing my part, I pay my taxes.
If you honestly think the shit that you're spewing, your taxes aren't cutting it. If you think society has a responsibility to take care of the idiots that decided to drop out of school, decided to not use birth control and wound up pregnant and on welfare, didn't take their personal responsibility seriously, ect. then you need to pony up some of your disposable income to help out these unfortunate individuals. BUT YOU WON'T. YOU'D RATHER MAKE ME PAY FOR IT.
Fuck everybody else! I personally feel no need to do anything to help people who won't take it upon themselves to improve their lot in life. Even whores are better. At least a whore realizes their best asset is their body and take the steps to maximize their return to improve their life.
I work hard, I make my own money, I pay my own way & shelter every dime I legally can. If anybody wants to get ahead, they need to do the same.
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#404518 - 03/09/09 09:36 PM
Re: The Daily Obama Incompetence Thread
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Gag Factor Guru
Porn Jesus
Registered: 07/15/05
Posts: 5290
Loc: Dayton
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America soundly rejected that stale Boosh horseshit back in November, you lost.
Try again.
-Chuck, Vegetarian fanboy
Feed the gorilla, if you can.
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#404522 - 03/10/09 12:23 AM
Re: The Daily Obama Incompetence Thread
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Porn Jesus
Registered: 03/22/07
Posts: 5186
Loc: Joshua Tree National Park
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XPT : Coke Stevenson
ADT : Major Sharp
God's way of reminding you to be more specific when you wish that more people would back you up on political argument threads on internet porn forums. You want people that don't make Mary Carey look like Factcheck.org.
_________________________
I would eat Allie Sin's asshole until I got an emotion out of her.-Jerkules
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#404528 - 03/10/09 04:22 AM
Re: The Daily Obama Incompetence Thread
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Whoremaster
Registered: 06/22/07
Posts: 2656
Loc: Polekatz, Rte 43
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UPDATE:
In the 50 days Barack Obama has been in office, the stock market has lost 32% of its value.
How does Odumba plan to stop the hemorrhaging? By passing a bill to borrow a massive amount for spending later on green energy, education and healthcare (three things which have nothing to do with the plummeting market).
You understand how fucked we are, right?
_________________________
"You have been banned from making any new posts or sending private messages. The reason for this ban is: meh, cause i can"
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#404530 - 03/10/09 08:40 AM
Re: The Daily Obama Incompetence Thread
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Porn Jesus
Registered: 08/03/03
Posts: 5849
Loc: TX, USA
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Quote:
My best guess is that the additional single percentage increase in taxes will be almost in the noise to the $250k+ households, compared to what is happening to the values of their investments and real estate holdings.
Agreed. a point or two isn't the end of the world. But that only raises $10B-$20B. Obama's budget envisions deficits in the *trillions* (with a T). Before the recession raising a trillion dollars off of those over $250k/year would have required *doubling* their taxes, not just one or two points.
It's estimated that 75% of the people who were millionaires at the start of 2008 weren't at the end of the year. Once the numbers are in it's likely to be the case that even *100%* taxes on those over 250k/year can't pay for Obama's budget spending any more, and if the rich can't pay that doesn't leave many choices as to who gets the bill...
Part of the problem is the talk of "2%" Obama tossed around during the election. The current budget certainly isn't a 2% thing, and when you look at the budget as proposed, figure out how much money has to be raised and see what tax rates where might raise that much money - that's where the problem is. The 2% thing was for some other spending plan, not the one he's pushing to Congress now.
It's not a question of "raise taxes a point or two on the rich", it looks more like "raise taxes to 80% on the rich and double them for everyone else".
And keep in mind we haven't seen a plan to rescue the banking system - that's not yet in Obama's numbers. That is likely to be another $1T-$2T - enough by itself to absorb for several years any possible tax increase on the rich alone.
_________________________
"If they can't picture me with a knife, forcing them to strip in an alley, I don't want any part of it. It's humiliating." - windsock
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#404532 - 03/10/09 09:12 AM
Re: The Daily Obama Incompetence Thread
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Gag Factor Guru
Porn Jesus
Registered: 07/15/05
Posts: 5290
Loc: Dayton
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JRV, doesn't that accounting go out when we pay for this stuff using borrowed money? Not that that's good or bad, but it changes how much tax revenue is needed. One thing for sure, we've dug ourselves a big ass hole, and it keeps getting deeper. I think the Obama idea is to bump up revenue by two routes, shifting more of the burden to those who can afford to pay, and kick starting the economy.
I disagree with the idea that only the rich create jobs. I helped create or continue jobs at Winnebago and Kawasaki in the last 3 years, it takes several of us middle class workers to create jobs, but that's who buys the bulk of consumer goods and services. Most of my little $50k gets spent on things that require others to work, even the taxes that pay Government workers, and the VISA payments to JM that pay PWs.
Most of us middle class folk are not going out to buy, for example, a new car anytime in the last few months, for three reasons - fear, no credit available, and some of us have lost our jobs. That's why the auto makers are in dire trouble, not because the rich folks aren't making investments in their stocks.
But I may be wrong, I've been wrong before, I've changed religion three times.
-Chuck, Vegetarian fanboy
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#404533 - 03/10/09 10:38 AM
Re: The Daily Obama Incompetence Thread
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Max Hardcore Prison Bitch
Registered: 10/05/08
Posts: 176
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Quote:
Quote:
Modern America has not yet seen a truly desperate society, including the 1920's depression.
Really? The 1930's (not 1920's) weren't desperate? Have you spent time talking to anyone who lived through it? Both of my parents grew up in the Great Depression and I think you greatly underestimate the difficulties then.
My point is that if todays society were in the same conditions as 1929-36 they'd react quite differently.
Douchebags like coke will be the first ones to be torn apart.
@Coke: You better start making your safe room now. I'm sure you'll employ 100's of ungrateful wetbacks for the job. Don't forget to have a crane on standby to lift your fat ass into it when the time comes.
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#404535 - 03/10/09 11:47 AM
Re: The Daily Obama Incompetence Thread
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Porn Jesus
Registered: 08/03/03
Posts: 5849
Loc: TX, USA
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Quote:
JRV, doesn't that accounting go out when we pay for this stuff using borrowed money?
Not really - that borrowed money all has a due date on it - i.e., the bonds are for a fixed period - and at that point it has to be repaid. That's why deficit financing is like subprime borrowing - party today, but the bill _does_ have a due-date.
Debt payment for past deficits is the #2 federal expenditure (behind welfare) and well ahead of defense/military spending, even with the wars & post-9/11 bloat. If Obama budget is paid for in deficits he'd increase the overall federal debt by 50% (warning: I can't find my reference at the moment and this might be off) and the resultant debt payments would force a reduction in welfare to pay it off down the road.
Quote:
I disagree with the idea that only the rich create jobs.
This is the old supply vs. demand side argument. In a stimulus situation I believe the rich (on the supply side) probably do, on average, a better job of allocating a dollar they get because it is a long-term investment for them rather than a quick fix impulse-buy. But middle class (demand side) creates more activity quicker in a consumer economy like the US (most people don't let money burn a hole in their pocket). And in a stimulus situation the quick hit may be better than doing the best job.
Quote:
That's why the auto makers are in dire trouble, not because the rich folks aren't making investments in their stocks.
Nobody sane, rich, poor or otherwise, wants to invest a penny in the auto makers. I've never heard any plan what to do about them that doesn't trail off into uncomfortable silence. Neither Bush, Obama, Republican or Democrat have ever talked about the end-game here.
_________________________
"If they can't picture me with a knife, forcing them to strip in an alley, I don't want any part of it. It's humiliating." - windsock
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#404536 - 03/10/09 12:57 PM
Re: The Daily Obama Incompetence Thread
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Bukkake Boy
Registered: 01/02/04
Posts: 698
Loc: CA
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I don't know why we're wasting time with this... Obama is really just Nancy Pelosi and Harry Reid's puppet. And no I won't just "get over it" just like you liberals couldn't get over the fact that Bush BEAT Gore. That being said, it's going to be a long 3 years and 10 months... 
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#404537 - 03/10/09 03:32 PM
Re: The Daily Obama Incompetence Thread
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Porn Jesus
Registered: 12/28/07
Posts: 4856
Loc: The 4th International
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xvod: Quote:
That being said, it's going to be a long 3 years and 10 months...
I guess. Especially if you have to spend them alone with your own pathetic self like you will have to.
_________________________
The only thing you got that I want, is your suffering.
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#404541 - 03/11/09 03:17 AM
Re: The Daily Obama Incompetence Thread
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Kurt Lackwood's Fluffer
Registered: 01/18/06
Posts: 1283
Loc: SoCal
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Quote:
Fuck everybody else! I personally feel no need to do anything to help people who won't take it upon themselves to improve their lot in life. Even whores are better. At least a whore realizes their best asset is their body and take the steps to maximize their return to improve their life.
I work hard, I make my own money, I pay my own way & shelter every dime I legally can. If anybody wants to get ahead, they need to do the same.
It must be wonderful to know with absolute certainty that you will NEVER have a catastrophic illness or accident where, even if your insurance doesn't disallow the claim on a technicality, it would set you back hundreds of thousands if not millions of dollars out of pocket.
I fail to see how other modern countries (so-called Socialist countries) can provide all of these types of social services at tax rates not far off from what we currently pay and we don't even get half of the services they do.
Tatty, what % do you pay in taxes in Canada
Fatman, how about you?
In the US the average citizen pays almost 55% of his total income in taxes and we certainly don't get what we pay for.
Federal personal income tax 17% to 25% rate.
It ranges from a credit up to well over 40%.
State & local income taxes 10.1%
State taxes range from under 6% to over 12%. Local taxes run from zero to 2.75%.
Sales tax 8.6%
Figure is the average rate. State sales taxes range up to 7% and local taxes run from zero to over 5%.
Social security & Medicaid 7.65%
Total rate is actually 15.3% since half is paid by the employer, but we're ignoring that to be kind. Source, box 1
Federal corporate income tax share 3% Based on corporate taxes being approximately 1/6 of personal taxes, and that they are paid by individuals in the final analysis.
Property tax 2.5%
Yearly average actual costs range from under $200 in Alaska to almost $1900 in New Jersey.
Fuel/gasoline tax .5%
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.
Other 5%
Includes estate tax, fees, licenses, inflation losses, inheritance, deficit allowance, gift, and others too numerous to mention. Estimated.
A partial list of the various ways in which citizens of the US are taxed:
* Accounts Receivable Tax
* Building Permit Tax
* Capital Gains Tax
* CDL license Tax
* Cigarette Tax
* Corporate Income Tax
* Court Fines (indirect taxes)
* Deficit spending
* Dog License Tax
* Federal Income Tax
* Federal Unemployment Tax (FUTA)
* Fishing License Tax
* Food License Tax
* Fuel permit tax
* Gasoline Tax
* Hunting License Tax
* Inflation
* Inheritance Tax Interest expense (tax on the money)
* Inventory tax IRS Interest Charges (tax on top of tax)
* IRS Penalties (tax on top of tax)
* Liquor Tax
* Local Income Tax
* Luxury Taxes
* Marriage License Tax
* Medicare Tax
* Property Tax
* Real Estate Tax
* Septic Permit Tax
* Service Charge Taxes
* Social Security Tax
* Road Usage Taxes (Truckers)
* Sales Taxes
* Recreational Vehicle Tax
* Road Toll Booth Taxes
* School Tax
* State Income Tax
* State Unemployment Tax (SUTA)
* Telephone federal excise tax
* Telephone federal universal service fee tax
* Telephone federal, state and local surcharge taxes
* Telephone minimum usage surcharge tax
* Telephone recurring and non-recurring charges tax
* Telephone state and local tax
* Telephone usage charge tax
* Toll Bridge Taxes
* Toll Tunnel Taxes
* Traffic Fines (indirect taxation)
* Trailer Registration Tax
* Utility Taxes
* Vehicle License Registration Tax
* Vehicle Sales Tax
* Watercraft Registration Tax
* Well Permit Tax
* Workers Compensation Tax
Source: http://www.nowandfutures.com/taxes.html
Not one of these taxes existed 100 years ago and our nation was the most prosperous in the world, had absolutely no national debt, had the largest middle class in the world and Mom stayed home to raise the kids. What the hell happened?
_________________________
I'd rather be ignorant than stupid.
Ignorance implies a lack of knowledge which is easily correctable through education.
Stupidity implies an inability to learn.
Therefore; ignorance is temporary, stupidity is forever!
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). Given that there is no 'plan' and they are losing money, giving the auto makers a bunch of cash is only daring them to lose more, and faster.
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