meta name="verify-v1" content="YcZ+xKu6VqwjHkG3M8H8yHsKCsT1sFK1LmOWxa5js+I=" PROJECT MILLIONAIRE: A LIST OF NEW TAXES SINCE JAN 20 2009

Friday, June 12, 2009

A LIST OF NEW TAXES SINCE JAN 20 2009

US government to tax company cell phones at 25% for personal use. (Unless user can prove no personal use occurred while on company time:THIS HAS JUST BEEN INTRODUCED)
Read this passage in the Wall Street Journal. www.online.wsj.com/article/SB124473141538306335.html


Obama wants to limit the ability of high income earners and the amount they can give to charity, and still receive a tax deduction for. This will hurt many non-profits as they get the majority of their donations from those with higher incomes.

Read this article from the Heritage Foundation
www.heritage.org/Research/Religion/bg2258.cfm

AMMO TAX conflicting reports but estimated to be at 500 % increase in the cost of ammo, plus the big brother component of serializing each round and linking them to buyer and determining how much and in what calibers you own( ie the ability to determine what types of firearm you have that may not already be on federal registries somehow. (NO YET PASSED BUT IS SERIOUSLY BEING STUDIED) This may not be real, but the effect is many areas are reporting shortages of ammo due to the perceived threat of an increase to the price of ammunition. so now it costs more to buy due the law of supply and demand. in essence a DE FACTO TAX on ammo

TAX Health care Benefits as income: Take your company provided health care and then declare it DE FACTO income even if you can't spend it, you get it now you must pay taxes on it(NOTE HASN'T PASSED YET)

www.nytimes.com/2009/03/15/us/politics/15health.html


Carbon Tax tax the carbon dioxide emissions.
www.my.barackobama.com/page/community/post/planetEarth/CGxhF Barack Obama's own words

Warrens Buffets rebuttal
read here for more information
www.washingtonmonthly.com/archives/individual/2007_01/010604.php

OBAMA/WAXMAN FAST TRACK CARBON TAX
www.politics.com/news/10802/obamawaxman-fast-track-carbon-tax


EXCESSIVE AND OVERLY PENALIZING ACCOUNTING MEASURES
Business would have to verify Taxpayer Information Numbers (TINs) of contractors and withhold taxes when they can't be verified. This is a stunner. Let's go through the steps of this new proposal from Treasury, which applies to all businesses. 1) Jane's Nursery, a small business, has to determine whether or not a contractor--say the mulch supplier--was paid more than $600. (Presumably Jane will not have to determine whether or not the mulch supplier is a corporation because of the other changes in law discussed above.) Alternatively, if the small business can't get a valid TIN from the contractor, then 3b) Jane now withholds payments at a flat-rate percentage. 4b) Jane's accountant has to establish an accounting for this withholding. 5b) Jane remits these funds to the IRS. Of course, if there is no TIN provided, the IRS will not be able to associate the payment it receives with the taxpayer. In addition, the mulch supplier, if he has trouble putting aside money for his tax payments, can demand Jane set up withholding for him.

Quite frankly, this burdensome TIN proposal must have been dreamed up by someone whose only involvement and knowledge of small business comes from buying their soy latte in the morning. I find it difficult to believe that the burden on small business (not to mention the cost of the IRS to administer) is justified by the roughly $80 million dollars per year that Treasury optimistically claims this will raise in revenues. Congress needs to sharpen its pencils and do its own cost-benefit analysis on this and all the information proposals. Proposed start date for TIN verification: Jan. 1, 2010.

2) Jane next demands/receives the TIN of the mulch supplier. If Jane gets a TIN and a name, then 3a) Jane (or more likely her accountant) contacts the IRS to verify the contractor's TIN. 4a) The IRS discloses to Jane's accountant whether the TIN and name match. 5a) If the TIN and name match, Jane can make a payment for the mulch. 6a) Jane or her accountant issues a 1099 to the IRS.

All this to say this we need to start to take the government of the people for the people back and put it in control by the people. Join me and support your local tea party on JULY 4, 2009 and lets take back the government and it's out of control spending wasteful policies and excessive taxes. We need to start now or we will lose it all we have a very good chance to make those in congress and in leadership listen to our demands, but that time will slip away if we stand on the sideline and do nothing. Get involved get motivated get busy and then lets get it done. go to this link for more information about your area and where you can attend a local TEA PARTY. http://www.teapartyday.com/
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