The Overtaxed Rich

Think the rich are undertaxed?
Click the image, debunk the lies:

Click here to learn more.
Washington D.C. has a SPENDING PROBLEM!

Canada Cuts Corporate Tax AGAIN!

As Obama continues his EPIC FAILURE,
Canadians are beginning to reject Socialism.
Naturally, they are creating jobs & we are NOT:

Click here for another report on this tax cut.
Click here & compare USA corporate tax rates.

Now, if only both countries would reject Socialist Health Care!

So, Canada is benefiting from rising commodity prices?
A BIG part of that is the Canadian Oil Sands.
Canadians have given their eco-nuts a swift kick in the groin.
That has left Canada with the second highest proven oil reserves.

But, if we kicked OUR eco-nuts to the curb,
we would have -- BY FAR -- the highest proven reserves!

So, people, isn’t about time we wised up too?
How about BOTH countries reject ALL of the Socialist crap!

Oregon raised tax rates & got less revenue

Quoting The Wall Street Journal
(via The Washington Examiner):

“In 2009 the [Oregon] state legislature raised the tax rate to 10.8% on joint-filer income of between $250,000 and $500,000, and to 11% on income above $500,000. Only New York City’s rate is higher. Oregon’s liberal voters ratified the tax increase on individuals and another on businesses in January of this year, no doubt feeling good about their ‘shared sacrifice.’

Congratulations. Instead of $180 million collected last year from the new tax, the state received $130 million.”

Click the image & read the rest:

DUH!
Every level of government needs to lower taxes & slash spending.
But, raising tax rates during a severe recession?
What sort of idiot does that? Oregon Leftists do!

Click here for more on taxation.

Obama is Trying to Kill MORE Jobs!

Quoting Lame Stream Media Propagandists:

“End tax breaks that reward some U.S. companies with overseas subsidiaries and encourage those businesses to create jobs in other countries, President Barack Obama is telling Congress.

Yet it's an idea that has raised concerns even among some lawmakers in the president's own party.”

Here’s a better idea
rooted in data the media will NEVER present:

Lower our corporate tax rates!
USA corporations pay the highest federal rates in the OECD - 35%.
France is second highest at 34.43%.
German corporations pay 15.83%.
The OECD average is 24.2%.

Click the image & examine the source data:

Click here to enlarge the image.
Click here for more on Obama’s assault on jobs.

Click here for the OECD spreadsheet.
That spreadsheet is the root source for all the data.

Just 6 Percent Believe Obama's Promise on Tax Cuts

Remember Obama’s promise to lower taxes for 95% of Americans?
Wonder how many believe Obama will deliver on that?
How about SIX PERCENT?

This image was captured on 8/15/09 via a screenshot of this page.
That page is constantly updated and will reflect the latest results.

Meantime, 54% would prefer tax cuts over new health care spending.
Don’t count on it -- we are oppressed by tyrants.

AP Misinforms (Again) on Corporate Taxes

Quoting The Tax Foundation (emphasis mine):

The AP reported that, according to the GAO study comparing tax liabilities of corporations from 1998-2005, "about 25 percent of the U.S. corporations not paying corporate taxes [in 2005] were considered large corporations, meaning they had at least $250 million in assets or $50 million in receipts." Furthermore, this claim was repeated in numerous stories.

After careful review of the AP's story, Tax Foundation economist Josh Barro found that the AP significantly overstated the number of large corporations not paying corporate taxes.

"The actual report reflects that, of the 1.26 million U.S. corporations with no 2005 tax liability, just 3,565 were large," says Barro. "That's 0.28%, which is 90 times less than the figure reported by the AP. Policymakers and the public should not be deceived by this story that misrepresents the GAO report."

Click the image &
read the entire report:

Anybody surprised by the usual
misinformation from so-called “journalists”?
Not me!

Additional recommended reading (and listening):

1) Corporations which pay no tax:
Click here and hear the facts.

2) Corporate Taxes: The Most Destructive [AND the most regressive] Tax:
Click here for a broader view of the “the most destructive tax” of all.

The Path to Prosperity

“A new report confirms that low taxes, limited government,
and flexible labor markets help to spur economic growth.”

Want a better economy?
Shrink the size of government!
Click the image & read the facts:

Think Obamanomics will deliver prosperity to ANYONE?
Think again!
Click the image & read the facts:

Think higher tax rates produce higher tax revenues?
Read about the (well proven) Laffer Curve & think again!
Click the image & read the facts:

The Truth About Tax Cuts

Updated 9/7/2010

A few facts about lower marginal tax rates which Dems would prefer you not know (click each image to learn more):

1) Lower marginal tax rates have not produced lower revenues.

In fact, dropping the marginal tax rate, by virtue of The Laffer Curve, slightly increased real tax revenues (meaning tax revenues as a percentage of GDP):

2) Those who make the highest incomes (I’m not one) have continued to pay the vast majority of the taxes (even more so than before):

Click the image to enlarge
I personally created and uploaded the above chart.
The data used in the above chart are found in this spreadsheet downloaded from this page

Click the image to view the source

Click the image to view the source

3) In fact:

“The top 1 percent of income earners paid 40 percent of all federal income taxes in 2007, while the bottom 50 percent paid only 3 percent.”

4) And best of all:

As the marginal tax rate has gone down, recessions have been shorter & less severe, expansions have been longer & better and the unemployment rate has steadily declined (providing the greatest benefit to the lowest income earners).

Click the image to enlarge it and view the source:

Note: In the above chart, the extended expansion and the associated decline in unemployment during the sixties was a function of JFK lowering the marginal tax rate from 91% to 70%.

Unfortunately, subsequent to JFK, LBJ burdened the economy with new taxes for Medicare and Medicaid, Nixon implemented idiotic wage and price controls, Ford didn’t do much of anything and Jimmy Carter did just about everything wrong. It was not until the Reagan years (and his dramatic tax cuts) that our economy rebounded from the compounded lunacy of LBJ, Nixon and Carter.

So, yes, despite what the propagandists in the media say, it is clearly in the best interest of all Americans that the Bush Tax Cuts be made permanent.