This here's a story about Billy Joe and Bobbie Sue, two college students with lots of school to do. They both wanted a college education, and this is how each paid their tuition... They headed down to the U of El Paso, where paying for school was a great big hassle. Billy Joe worked, nose to the grindstone, Bobbie Sue partied and got a student loan. Go on, take tax money and run... Billy Mack is a politician in Congress, you know he don’t know what the facts is. He ain't got a clue ‘bout fairness or justice, he makes his livin' off of the people's taxes. Bobbie Sue, whoa, whoa, she didn’t have to repay. Billy Joe got shafted, wouldn’t you say? She got the money, hey, You know she got away. Her degree was worthless, she’s on welfare today, Singin' go on take tax money and run... Go on, take tax money and run…
Tag: Taxes
Finland revokes universal basic income program
A plan that granted Finnish citizens a no questions asked universal basic income (UBI) is over. Finland has decided to end a first of its kind welfare experiment after only two years after the government turned down a request for extra funding from the Finnish social security agency.
Participants of approximately 2,000 unemployed individuals from ages 25 to 58 were given €560 ($685) monthly without any sort of requirements. If they found a job, they were still granted a monthly stipend for the same amount.
According to Time, Finland’s unemployment rate reached a record high of 10 percent in 2017 sparking a new debate on welfare reform.
Washington’s Inversion Perversion
Excerpted from an article by Neil Cavuto, published 9/23/2014 by Fox Business
What is it with the government’s perversion with inversions? It seems the White House is so determined to crack down on companies trying to escape paying taxes here, that it never stopped to first consider “why” they are bolting from here.
Let me save you the trouble – it’s the higher taxes. And it’s killing a lot of American corporations. That doesn’t mean they’re putting profits before patriotism. But it does mean, without profits they won’t go very far with just patriotism. Bottom line, it’s about the bottom line. Companies need to make money, and a growing number of businesses have concluded that’s getting very tough to do here.
It’s not just the top corporate tax rate in America that’s hurting them. At 35%, it’s the highest of the world’s developed countries. But when you combine national, state and city tax rates, the so-called nominal corporate tax rate is nearly 40%. And that doesn’t include the cost of regulations, especially the taxes and administrative costs associated with the President’s health-care law….
Read more at FoxBusiness.com
More Certain than Death and Taxes
For failure to pay a tax penalty approximately equivalent to the cost of a fast food meal — $6.30 — the $280,000 home of a widow in western Pennsylvania was auctioned off for $116,000 [ref].
While I believe that people should pay their taxes (and vote for fiscally-conservative politicians who will rein in spending and lower taxes), I find it incredibly outrageous that such a meager unpaid amount would result in such a harsh penalty.
To me, this case speaks volumes about the sad state of our country.
To Greener Pastures
Tina Turner just announced that she is awaiting approval for Swiss citizenship, and planning on relinquishing her U.S. citizenship. She’s lived in Switzerland for over 15 years [ref].
“I’m very happy in Switzerland and I feel at home here,” Turner said. “I cannot imagine a better place to live.” [ref]
The IRS and Obama’s Enemies List
LiLo Should have Laid Low
Lindsay Lohan is not someone I’m very fond of. She’s an immoral publicity hound, who will do almost anything to be in the news. So I didn’t pay much attention when she came out in support of Mitt Romney’s presidential bid. [ref]
Lindsay Lohan is not someone I’m very fond of. She’s an immoral publicity hound, who will do almost anything to be in the news. So I didn’t pay much attention when she came out in support of Mitt Romney’s presidential bid. [ref]