I thought this was great......
Dear IRS,
I am sorry to inform you that I will not be able to pay taxes owed April 15 , but all is not lost.
I have paid these taxes: accounts receivable tax, building permit tax, CDL tax, cigarette tax, corporate income tax, dog license tax, federal income tax, unemployment tax, gasoline tax, hunting license tax, fishing license tax, waterfowl stamp tax, inheritance tax, inventory tax, liquor tax, luxury tax, Medicare tax, city, school and county property tax (up 3.3 percent last 4 years), real estate tax, social security tax, road usage tax, toll road tax, state and city sales tax, recreational vehicle tax, state franchise tax, state unemployment tax, telephone federal excise tax, telephone federal state and local surcharge tax, telephone minimum usage surcharge tax, telephone state and local tax, utility tax, vehicle license registration tax, capitol gains tax, lease severance tax, oil and gas assessment tax, Colorado property tax, Texas, Colorado, Wyoming, Oklahoma and New Mexico sales tax, and many more that I can't recall but I have run out of space and money.
When you do not receive my check April 15, just know that it is an honest mistake.
Please treat me the same way you treated Congressmen Charles Rangel , Chris Dodd, Barney Frank and ex-Congressman Tom Daschle and, of course, your boss Timothy Geithner. No penalties and no interest.
P.S. I will make at least a partial payment as soon as I get my stimulus check.
Ed Barnett
Wichita Falls
Actually, right now is the best time in modern history for the American gov't to take on some debt. Because it's still viewed all over the world as the most reliable borrower in the world -- the safest place to put your money in dangerous times -- people are eager to loan it money right now. That means we can borrow at ridiculously low interest. In fact, for a while there, the Treasury was doing a very brisk bond business at 0% interest. Zero. That's a no-interest loan. If you need money for something, that's the time to grab it up.
it wont last. at some point so many people/countries will want to take out loans ant the wealth wont be there. this will create competition and higher interest. thats where the problem could start
Actually, right now is the best time in modern history for the American gov't to take on some debt. Because it's still viewed all over the world as the most reliable borrower in the world -- the safest place to put your money in dangerous times -- people are eager to loan it money right now. That means we can borrow at ridiculously low interest. In fact, for a while there, the Treasury was doing a very brisk bond business at 0% interest. Zero. That's a no-interest loan. If you need money for something, that's the time to grab it up.
it wont last. at some point so many people/countries will want to take out loans ant the wealth wont be there. this will create competition and higher interest. thats where the problem could start
um, no.. if people/countries are lining up to give us money at 0% interest, the rate would go lower, not higher. Rates go up if people are lining up to BORROW money at 0% -- however, it is also a function of credit (the likelihood that it will be paid off) and the economy (the expected performance of competing investments)
Barack Obama says that he wants to discuss the idea of lowering corporate tax rates "over time" in exchange for "closing a lot of the loopholes that make the tax system so complex." "Over time?" What's this? Don't' we have an economic crisis? If it was so important that Obama and the Dems get their trillion-dollar stimulus bill by President's Day, why in the world can't they cut corporate taxes just as fast? There are people out there who need jobs ... and these jobs are oversees waiting to come back to America when and if the corporate tax rate comes down. Over time? Yeah, pal. You'll get a new job .... Over time. Besides ... lowering tax rates for the evil, filthy, wealthy corporations? Not a chance that the wealth-envy Democrats will bite on that one.
Barack Obama says that he wants to discuss the idea of lowering corporate tax rates "over time" in exchange for "closing a lot of the loopholes that make the tax system so complex." "Over time?" What's this? Don't' we have an economic crisis? If it was so important that Obama and the Dems get their trillion-dollar stimulus bill by President's Day, why in the world can't they cut corporate taxes just as fast? There are people out there who need jobs ... and these jobs are oversees waiting to come back to America when and if the corporate tax rate comes down. Over time? Yeah, pal. You'll get a new job .... Over time. Besides ... lowering tax rates for the evil, filthy, wealthy corporations? Not a chance that the wealth-envy Democrats will bite on that one.
I believe he's speaking about a compromise that closes the loopholes that allow large corporations to pay very little in taxes. If these loopholes are closed, the corporate tax rate can be reduced. I don't believe he said anywhere that he intends to take less money, just take it more fairly.
The only question is: will owning class people feel it, too? So far, the answer has been no.
As a general manager in the restaurant business, I can say that this statement is very false. Franchise owners are dropping like flies, going bankrupt everday of the week. I doubt my owners will be able to keep their stores open much longer, espcially past July when the final mininium wage increase goes into effect. I dont see how raising the minimum so much so fast they way the did has helped anybody, it rasies the prices of everything, becuase most of the the goods you get are at some point in time handled by min wage employees, therefore decreasing the spending value of the min wage earners new found dollars, as Kuzi atated it devaules the percived worth of the above min wage earner. and besides all that what good is the min wage if there are no jobs out there to pay it? I am not that old but i surely remember having to work my ass off to earn what min wage is giving away now. and considering it a dam decent wage as well. From my own personal expeirences what ive seen go in the restaurant business in the last two years, I blame much of our current economic atate of affiars on the new minimum wage laws. socialist values are corrupting the free market everyday.
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