Simple Analogy Federal Government

THE DESERT MAYBE OUT OF SAND BUT NOT OF OIL.  Dig it, baby!

NOBEL LAUREATE IN ECONOMICS

Recycled Page :)  2014

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DESK OF FOREIGN BORN OBSERVER

e-MAIL

In other words -- Obama's class warfare!  The 99% against the 1%.  This is very misdirected.  Most of the 99%, if not all, voted for financial guru and government top employer Obama.  Now, they find themselves jobless, homeless and moneyless.  They are unaware they are being victimized by their own cohorts  in the leftist wing, i.e., the Democrats and the failed socio-marxist economy of Obama.  So, I'm baffled why these yahoos are blaming Wall Street?  After all, being responsible for your social class in life is your full responsibility
alone! I think these malcontents and protestors are just being instigated by left-wing liberals and you-know-who to deflect the real problems that are destroying the very foundation of Capitalistic America! 

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From: jpl
Subject: FW: COMMON SENSE - brilliant
Date: Fri, 30 Sep 2011 18:26:25 -0500

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Subject: Fwd: COMMON SENSE - brilliant

Abraham Lincoln said the same as Dr. Rodgers when he proclaimed "You cannot make the weak strong by making the strong weak!"

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Simple Analogy  An economics professor at a local college made a statement that he had never failed a single student before but had once failed an entire class. That class had insisted that socialism worked and that no one would be poor and no one would be rich, a great equalizer. The professor then said, "OK, we will have an experiment in this class on socialism. All grades would be averaged and everyone would receive the same grade so no one would fail and no one would receive an A."  After the first test, the grades were averaged and everyone got a B.  The students who studied hard were upset and the students who studied little were happy. As the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided they wanted a free ride too so they studied little. The second test average was a D! No one was happy.  When the 3rd test rolled around, the average was an F. The scores never increased as bickering, blame and name-calling all resulted in hard feelings and no one would study for the benefit of anyone else. All failed, to their great surprise, and the professor told them that socialism would also ultimately fail because when the reward is great, the effort to succeed is great but when government takes the reward away, no one will try or want to succeed. Could not be any simpler than that. This profound short little paragraph says it all  "You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for,that my dear friend, is about the end of any nation. You cannot multiply wealth by dividing it." ~~~~ Dr. Adrian Rogers, 1931

Published  10/11/11  altgroup  multiply
Web Page:  Simple Analogy  Class on Socialism

WalMart Applicant

A FEW OF MY FRIENDS WHO APPLIED FOR A JOB AT WALMART WERE REJECTED BECAUSE THEY WERE "TOO OLD."   TRUE.  THIS GRUMPY OLD BASTARD WAS PLAIN DAMN LUCKY!

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Date: Sun, 15 May 2011 16:50:44 -0500

 
So after landing my new job as a Wal-Mart greeter,
a good find for many retirees, I lasted less than a day....
About two hours into my first day on the job a very loud,
unattractive, mean-acting woman walked into the store with her two kids, yelling obscenities at them all the way through the entrance.
I said pleasantly, 'Good morning and welcome to Wal-Mart.
Nice children you have there. Are they twins?'
The ugly woman stopped yelling long enough to say,
'Hell no, they ain't twins. The oldest one's 9, and the other one's 7.
Why the hell would you think they're twins? Are you blind, or stupid?'
So I replied,
'I'm neither blind nor stupid, Ma'am, I just couldn't believe someone slept with you twice. Have a good day and thank you for shopping at
Wal-Mart.'
My supervisor said I probably wasn't cut out for this line of work.


Published  5/15/11  altgroup  multiply
Web Page:  WalMart Greeter

Memorial Day

GENERAL JOHN ALEXANDER LOGAN      FOUNDER OF MEMORIAL DAY

STATUE OF GENERAL LOGAN IN GRANT PARK.   MANY ILLINOISANS  WALK BY OR DRIVE BY HIS STATUE WITHOUT KNOWING  HE FOUNDED MEMORIAL DAY.

He was born on February 9, 1826, in Jackson County, Illinois from an immigrant parent from Northern Ireland.  He was a lawyer, a volunteer for the Mexican War in 1846, Civil War union soldier and U.S. senator, first as Democrat and after the war served in Congress as a Republican.  He was wounded twice as a Union soldier and had his horse shot out from under him.  Logan fought in eight major campaigns, rising in rank from lieutenant to colonel to major general.  He commanded the entire Union forces at the Battle of Atlanta and he was instrumental in saving Raleigh, North Carolina from being burned to the ground by  angry Union troops as the war was coming to an end.

General Logan had a deep concern for veterans and helped organize the Grand Army of the Republic (GAR), a Union veterans' organization made up of former soldiers, sailors and marines.  As commander-in-chief of GAR, he declared and signed the General Order No. 11.

By General Order No. 11, dated May 5, 1868, The 30th of May, 1868, is designated for the purpose of strewing with flowers or otherwise decorating the graves of comrades who died in defense of their country during the late rebellion, and whose bodies now lie in almost every city, village, and hamlet churchyard in the land.

The day of remembrance was first called Decoration Day.  It was observed on May 30, until 1971, when most states adopted the newly established federal holiday schedule, which placed the last Monday in May as Memorial Day.

Every Memorial Day continues to remind all Americans that freedom is both precious and costly.

VIDEO  Where Have All The Flowers Gone

Recycled Greetings  :)  2014 
Don't Know Much History

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May 31, 2010

To all of those brave Americans who paid the ultimate price through the ages....

Two words: THANK YOU!

Published  5/30/10  altgroup  multiply
Web Page:  Memorial Day

Mila's Party Album

BIRTHDAY INVITATION   MAY 28, 2014   START  5:00 PM

ICHIBAN BUFFET
8780 W. DEMPSTER ST.
NILES, IL 60714-5108
847-390-9888

 

Mila  (far left)

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Mila's Party Album

Her endless birthday; Mother Jovie's 80th birthday; Jasmine's 1st birthday

MOTHER JOVIE   FAN OF GEORGE W. BUSH

[Link broken]

Published  6/29/09   altgroup  multiply
Web Page:  Mila's Party Album

Dancing With The Stars 2014

MAKS AND MERYL WON THE MIRRORBALL TUESDAY, MAY 20.   I voted 5 times on AT&T  (the maximum limit) for them.  The other dancing couples Amy & Derek, Candace & Mark were just as great and fabulous.   But Meryl when she danced had charm and perfection of movement.  So confident.

Maks the Comeback Kid

Recycled Page  :)  2014

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Who will be the winners?
1. Evan & Dancing Partner
2. Nicole & Dancing Partner
3. Erin & Dancing Partner

My Pick: Olympic Figure Skating Champ Evan Lysacek of Naperville, Illinois
Why? Transition from ice-skating to the dance floor is difficult.

Published  5/24/10  altgroup  multiply
Web Page:  Dancing With The Stars

The AGT Family

WEBSITE    http://www.agtthesafemoneypeople.com

UPCOMING JUNE 2014 SEMINARS

Recycled Page  :)  3.1.2014

SENSIBLE RETIREES & TAXPAYERS SEMINARS IN OUR ILLINOIS NEIGHBORHOOD

BEST PICK TAX & RETIREMENT WEBSITE:  http://www.agttax.com

MARCH 2014 SEMINARS

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[Recycled Page  11/23/13  lib's labyrinth]
CIRCULATING OLD E-MAIL: WINDFALL TAX ON RETIREMENT INCOME.  Remember King Harry and Queen Nancy come 2014 mid-term election.  They are the reasons America is in the dump.  But there's always hope and change.

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For ALT: Capitalist Ms. Piggy web page.

FYI...I must confess I'm not really affected with all these Obama changes.  I live below the poverty level. I did pay my dues as a working American.  Enough is enough!

LP
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From: lfgarc
To:
Subject: FW: F.Y.I. - Tax Changes Effective 1/1/2011 - Very Important!
Date: Mon, 23 Aug 2010 00:51:59 -0500


In just four months, on January 1, 2011, the largest tax hikes in the history of America will take effect.

They will hit families and small businesses in three great waves.

On January 1, 2011, here’s what happens... (read it to the end, so you see all three waves)...

     
First Wave:


Expiration of 2001 and 2003 Tax Relief

In 2001 and 2003, the GOP Congress enacted several tax cuts for investors, small business owners, and families.

These will all expire on January 1, 2011.



Personal income tax rates will rise.

The top income tax rate will rise from 35 to 39.6 percent (this is also the rate at which two-thirds of small business profits are taxed).  
     
The lowest rate will rise from 10 to 15 percent.  
     
All the rates in between will also rise.  
     
Itemized deductions and personal exemptions will again phase out, which has the same mathematical effect as higher marginal tax rates.  


The full list of marginal rate hikes is below:

• The 10% bracket rises to an expanded 15%

• The 25% bracket rises to 28%

• The 28% bracket rises to 31%

• The 33% bracket rises to 36%

• The 35% bracket rises to 39.6% 

 Higher taxes on marriage and family.  

The "marriage penalty" (narrower tax brackets for married couples) will return from the first dollar of income.  

The child tax credit will be cut in half from $1000 to $500 per child.  

The standard deduction will no longer be doubled for married couples relative to the single level.  

The dependent care and adoption tax credits will be cut.


The return of the Death Tax.

This year only, there is no death tax.  (It’s a quirk!) For those dying on or after January 1, 2011, there is a 55 percent
top death tax rate on estates over $1 million.  A person leaving behind two homes, a business, a retirement account, could easily pass along a death tax bill to their loved ones.  Think of the farmers who don’t make much money, but their land, which they purchased years ago with after-tax dollars, is now worth a lot of money.  Their children will have to sell the farm, which may be their livelihood, just to pay the estate tax if they don’t have the cash sitting around to pay the tax.  Think about your own family’s assets.  Maybe your family owns real estate, or a business that doesn’t make much money, but the building and equipment are worth $1 million.  Upon their death, you can inherit the $1 million business tax free, but if they own a home, stock, cash worth $500K on top of the $1 million business, then you will owe the government $275,000 cash!  That’s 55% of the value of the assets over $1 million!  Do you have that kind of cash sitting around waiting to pay the estate tax?



Higher tax rates on savers and investors.

The capital gains tax will rise from 15 percent this year to 20 percent in 2011.  

The dividends tax will rise from 15 percent this year to 39.6 percent in 2011.  

These rates will rise another 3.8 percent in 2013.



Second Wave:

Obamacare


There are over twenty new or higher taxes in Obamacare. Several will first go into effect on January 1, 2011.  They include:



The "Medicine Cabinet Tax"

Thanks to Obamacare, Americans will no longer be able to use health savings account (HSA), flexible spending account (FSA), or health reimbursement (HRA) pre-tax dollars to purchase non-prescription, over-the-counter medicines (except insulin).


The "Special Needs Kids Tax"

This provision of Obamacare imposes a cap on flexible spending accounts (FSAs) of $2500 (Currently, there is no federal government limit). There is one group of FSA owners for whom this new cap will be particularly cruel and onerous: parents of special needs children.  

There are thousands of families with special needs children in the United States , and many of them use FSAs to pay for special needs education.

Tuition rates at one leading school that teaches special needs children in Washington , D.C. ( National Child Research Center ) can easily exceed $14,000 per year.

Under tax rules, FSA dollars can not be used to pay for this type of special needs education.


The HSA (Health Savings Account) Withdrawal Tax Hike.

This provision of Obamacare increases the additional tax on non-medical early withdrawals from an HSA from 10 to 20 percent, disadvantaging them relative to IRAs and other tax-advantaged accounts, which remain at 10 percent.




Third Wave:

The Alternative Minimum Tax (AMT) and Employer Tax Hikes

When Americans prepare to file their tax returns in January of 2011, they'll be in for a nasty surprise-the AMT won't be held harmless, and many tax relief provisions will have expired.

The major items include:

The AMT will ensnare over 28 million families, up from 4 million last year.

According to the left-leaning Tax Policy Center , Congress' failure to index the AMT will lead to an explosion of AMT taxpaying families-rising from 4 million last year to 28.5 million.  These families will have to calculate their tax burdens twice, and pay taxes at the higher level.  The AMT was created in 1969 to ensnare a handful of taxpayers.


Small business expensing will be slashed and 50% expensing will disappear.

Small businesses can normally expense (rather than slowly-deduct, or "depreciate") equipment purchases up to $250,000.  

This will be cut all the way down to $25,000.  Larger businesses can currently expense half of their purchases of equipment.  

In January of 2011, all of it will have to be "depreciated."


Taxes will be raised on all types of businesses.

There are literally scores of tax hikes on business that will take place.  The biggest is the loss of the "research and experimentation tax credit," but there are many, many others. Combining high marginal tax rates with the loss of this tax relief will cost jobs.


Tax Benefits for Education and Teaching Reduced.

The deduction for tuition and fees will not be available.

Tax credits for education will be limited.  

Teachers will no longer be able to deduct classroom expenses.

Coverdell Education Savings Accounts will be cut.

Employer-provided educational assistance is curtailed.  

The student loan interest deduction will be disallowed for hundreds of thousands of families.

Charitable Contributions from IRAs no longer allowed.

Under current law, a retired person with an IRA can contribute up to $100,000 per year directly to a charity from their IRA.  

This contribution also counts toward an annual "required minimum distribution."  This ability will no longer be there.



PDF  Version  Read more: <;; http://www.atr.org/six-months-untilbr-largest-tax-hikes-a5171##ixzz0sY8waPq1


And worse yet?


Now, your insurance will be INCOME on your W2's!

One of the surprises we'll find come next year, is what follows - - a little "surprise" that 99% of us had no idea was included in the "new and improved" healthcare legislation . . . the dupes, er, dopes, who backed this administration will be astonished!

Starting in 2011, (next year folks), your W-2 tax form sent by your employer will be increased to show the value of whatever health insurance you are given by the company. It does not matter if that's a private concern or governmental body of some sort.  

If you're retired?  So what... your gross will go up by the amount of insurance you get.

You will be required to pay taxes on a large sum of money that you have never seen.  Take your tax form you just finished and see what $15,000 or $20,000 additional gross does to your tax debt.  That's what you'll pay next year.  

For many, it also puts you into a new higher bracket so it's even worse.



This is how the government is going to buy insurance for the15% that don't have insurance and it's only part of the tax increases.

Not believing this???  Here is a research of the summaries.....

On page 25 of 29: TITLE IX REVENUE PROVISIONS- SUBTITLE A: REVENUE OFFSET PROVISIONS-(sec. 9001,
as modified by sec. 10901) Sec.9002  "requires employers to include in the W-2 form of each employee the aggregate cost of applicable employer sponsored group health coverage that is excludable from the employees gross income."



- Joan Pryde is the senior tax editor for the Kiplinger letters.
- Go to Kiplingers and read about 13 tax changes that could affect you.  Number 3 is what is above.


Why am I sending you this?  The same reason I hope you forward this to every single person in your address book.

People have the right to know the truth because an election is coming in November!

Published 8/23/10  altgroup multiply

Web Page: Tax Changes Effective 1/1/2011