STRAIGHT OUT OF THE COMMUNIST MANIFESTO: The Obama Tax Code, Destroying Jobs and Opportunity

If I’m late with my taxes, will a claim of being an illegal alien undocumented Democrat get me off the hook? Just wondering.

As Americans navigated the labyrinthine tax code ahead of tax day, many felt the sting of the President’s myriad tax increases.

Despite calls for more taxes on the rich, the Heritage chart shown above reveals that the recent tax increases disproportionately affect the working wealthy. The top 10 percent of all income earners paid 71 percent of federal income taxes in 2010, yet they earned 45 percent of all federal income. Compare that to the bottom 50 percent of earners, who earn 12 percent of income yet pay only 2 percent of federal income taxes.

So when Obama and advocates of higher federal taxes opine that the rich do not pay their “fair share,” they are correct—affluent income-earners pay a whole lot more than they would pay if we had a proportional tax code instead of the highly progressive one we have today.

While taxes have increased for most taxpayers, the wealthy are—relative to the rest of the population—increasingly shouldering the federal tax burden. The Wall Street Journal’s John McKinnon notes that this burden has shifted largely as a result of the tax changes passed at the start of 2013 during the fiscal cliff debates. These changes include a “bump in the top ordinary income rate to 39.6% from 35%, a limit on itemized deductions and an increase in the top rate on investment income.”

But the tax misery is not limited only to the well-to-do. All taxpayers faced an average tax increase of 1.8 percent in 2013. Indeed, Heritage tax expert Curtis Dubay uncovered no less than 13 tax increases that kicked in at the beginning of the year, six of which came on the coattails of Obamacare. Taxpayers also face state and local tax burdens that remain high in much of the country, as well as the prospect of rising payroll taxes in the future.

In addition to stifling economic growth, many of these new taxes—especially those on income—penalize success and discourage work. As Dubay has written, it is imperative to reform the tax code because families would be able to earn more, “but would not pay higher marginal tax rates on their higher earnings. The tax code would not punish families as it does today for being more successful and for earning higher compensation because they are more productive.”

Most Americans are not aware that the “progressive” tax code was lifted right out of the Communist Manifesto by the Democrat Party.

It is meant to punish success, dampen investment, destroy jobs and opportunity, and — in general — make people more dependent upon the government.

And with this administration, those results are precisely what we’re getting.

Hat tip: BadBlue News

Doug Ross @ Journal

Video: Barack Obama Isn’t Destroying This Country By Accident…

We could give you a laundry list of reasons for why we think this country is going down the drain… But Drinking with Bob pretty much sums it up in this two minute video.

Look around… it’s a friggin’ disaster.

And for some additional commentary courtesy of Bob…

The Average NYC Voter Is Like the Scarecrow in Wizard of Oz: “They’re Lookin’ for a Brain”

Bill Be Blasio isn’t qualified to tie his own shoes…

The average New Yorker is voting for Bill de Blasio ’cause “he’s not Bloomberg.”

I mean, the average New Yorker voted for Bloomberg three times in the last twelve years… they gave the guy three terms… and now they want anybody but Bloomberg?

What am I freakin’ missin’ here?

Via The Daily Sheeple

destroyer


SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You

PHOTOGRAPHIC EXHIBIT #9,036: How the Obama Administration is Systematically Destroying the U.S.M.C.

W.       T.       F.

[This is a] sample test question that has been making the rounds in USMC circles…

…The objective is to drive anyone who is disgusted by this moonbattery out of the Marines. When the true warriors are gone, the Corps will stop oppressing the world with the American hegemony Obama has been working so diligently to put an end to.

The Obama Administration is the most destructive weapon that has ever been leveled against the US Armed Forces.

I’ll say it again:

W.       T.       F.

Hat tip: BB.

Doug Ross @ Journal

With the combination of minimum wage hikes and Obamacare, destroying jobs is this president’s job one

At some point in the not very distant future the complete failure of Barack Obama’s economic policies will become evident to even the most obtuse liberal. But I repeat myself.

Case in point: the destructive combination of Obamacare and hikes in the minimum wage.

Here’s the saddest thing about President Obama’s proposal to raise the minimum wage to $ 9 an hour — because “no one who works full time should have to live in poverty.”

A fine sentiment, but many full-time, low-wage workers he aims to help are sure to become part-time as employers dodge ObamaCare’s hefty fines. Undoubtedly, even after a minimum wage hike, many who now earn less than $ 9 an hour would have paychecks that are no bigger — or even smaller than today.

In his State of the Union, Obama didn’t mention ObamaCare could add $ 2.40 an hour to an employer’s cost for a full-time, very-low wage worker. Add it up and Obama is really proposing a full-time minimum wage of as much as $ 11.40.
The economic cost of raising the minimum wage is fiercely debated and likely overstated. But there’s little doubt about how employers will react if they can simply sidestep ObamaCare’s equivalent of a steep minimum wage hike for full-time workers: By making them part-time.

ObamaCare’s potential $ 2.40/hour cost to employers would result from a $ 3,000 fine for offering coverage deemed either too pricey or too skimpy. Tack on an additional $ 1.75/hour wage hike and the pressure would be extreme on employers to cut hours to avoid ObamaCare fines.

…For profit-making firms facing a combined 40% state and federal tax rate, ObamaCare’s nondeductible $ 3,000-per-worker penalty is the equivalent of $ 5,000 in deductible wages. Divided by 52 weeks and 40 hours a week, that fine would equal $ 2.40 an hour.

But because employers would owe no fine for a 29-hour-per-week worker, the $ 5,000 cost could amount to $ 96 an hour for the 30th hour of work. That’s why the 30-hour workweek may disappear.

Let me repeat: thanks to a tsunami of unintended consequences unleashed by Obamacare — a massive bill that not a single Democrat lawmaker bothered to read — paying a worker for a 30th hour of labor in a week might cost a company around $ 100.

To paraphrase Ronald Reagan, for six decades we’ve sought to solve the problems of unemployment and affordable health care through government planning, and the more the plans fail, the more the planners plan.

But there’s a simple recipe for success. It’s called the Constitution and a federal government limited to the enumerated powers specified therein.

Our blueprint embraces all races, all religions, all creeds and all colors. Our formula is the biggest tent of all, because it is not achieved by pandering to smaller and smaller slices of the population, but by embracing and celebrating individual liberty, private property rights, free markets and — most of all — limited government.

These aren’t complicated concepts. They aren’t difficult to embrace. But the powers that be — the corrupt, the immoral and those tempted by the trappings of Washington — must be dislodged post haste if we are to save this Republic, this shining city on a hill.

Doug Ross @ Journal