New tax!!!

[Lil Bear]

Has anyone else heard about the new "NATIONAL TAX"? It is suppose to be about 25% on anything we purchase. This is in addition to what state and local sales tax we may pay. Did anyone here get the notice that there was going to be a vote on it? I didn't! That is pur taxation without representation!:mad::mad:

[hubste5]

Has anyone else heard about the new "NATIONAL TAX"? It is suppose to be about 25% on anything we purchase. This is in addition to what state and local sales tax we may pay. Did anyone here get the notice that there was going to be a vote on it? I didn't! That is pur taxation without representation!:mad::mad:

I heard about a proposed 1% sales tax (national), but it was unlikely, based on the campaign promise of no raised taxes on those making less than 250K (was it?) or so... the GOP would have a field day... But then again, just about anything could be approved now, for the greater good...:mad:

[Lil Bear]

I tivo'd the show and had to play it back twice to believe what was just said. I had to play it back twice for my wife after I had told her about it. This is to pay for national health care and to help repay the stimulis money.

[herbalpagan]

I heard that it was about 3-5%. I think that it is supposed to be for paying on the debt, but can't see that happening with the current office holder. When a national tax goes into affect, the original plan was that it would replace your federal income tax...don't see that in this plan either!:rolleyes:

[pathfinder3081]

Now, Now,... Citizens,
It is not a tax, it is the cost of giving. Spread the love! Our leader said no new income TAX.. They know that 1%, 2, 3 or even 5% sales tax will not get flagged so bad on sales tax. (the citizens had little problem with $4.00 per gallon of gas, tax on Ciggs) [ "Fellow Citizens, how can you be against spending 50 cents per day? It's for the Children, our country needs us to rally together"[/I]......BS
One thing that I question about the voting puplic; did they actually beleive that the top 1% or 2% of the wage owners ($250,000.00 +/-) could actually pay for this out of control goverment. I think that they did. They actaully thought that this group could pay for all of it as long as the goverment would take it.

[Lil Bear]

Here are a couple of web sites:

http://www.foxnews.com/politics/2009/05/28/national-sales-tax-chatter-draws-fierce-opposition/?test=latestnews

http://www.washingtonpost.com/wp-dyn...052602909.html

[Lostinoz]

Leap in U.S. Debt Hits Taxpayers with 12% More Red Ink

New tax? Oh yeah, that is a given. They need more money, yet never want to stop spending. :mad:

http://www.usatoday.com/news/washington/2009-05-28-debt_N.htm

Leap in U.S. debt hits taxpayers with 12% more red ink

By Dennis Cauchon, USA TODAY

Taxpayers are on the hook for an extra $55,000 a household to cover rising federal commitments made just in the past year for retirement benefits, the national debt and other government promises, a USA TODAY analysis shows.
The 12% rise in red ink in 2008 stems from an explosion of federal borrowing during the recession, plus an aging population driving up the costs of Medicare and Social Security.

That's the biggest leap in the long-term burden on taxpayers since a Medicare prescription drug benefit was added in 2003.

The latest increase raises federal obligations to a record $546,668 per household in 2008, according to the USA TODAY analysis. That's quadruple what the average U.S. household owes for all mortgages, car loans, credit cards and other debt combined.

"We have a huge implicit mortgage on every household in America — except, unlike a real mortgage, it's not backed up by a house," says David Walker, former U.S. comptroller general, the government's top auditor.

USA TODAY used federal data to compute all government liabilities, from Treasury bonds to Medicare to military pensions.

Bottom line: The government took on $6.8 trillion in new obligations in 2008, pushing the total owed to a record $63.8 trillion.

The numbers measure what's needed today — set aside in a lump sum, earning interest — to pay benefits that won't be covered by future taxes.

Congress can reduce or increase the burden by changing laws that determine taxes and benefits for programs such as Medicare and Social Security.

Rep. Jim Cooper, D-Tenn., says exploding debt has focused attention on the government's financial challenges. "More and more, people are worried about our fiscal future," he says.

Key federal obligations:

• Social Security. It will grow by 1 million to 2 million beneficiaries a year from 2008 through 2032, up from 500,000 a year in the 1990s, its actuaries say. Average benefit: $12,089 in 2008.

• Medicare. More than 1 million a year will enroll starting in 2011 when the first Baby Boomer turns 65. Average 2008 benefit: $11,018.

•Retirement programs. Congress has not set aside money to pay military and civil servant pensions or health care for retirees. These unfunded obligations have increased an average of $300 billion a year since 2003 and now stand at $5.3 trillion.

(I wonder what the end result of 2009, will be?) :rolleyes:

[Skyowl's Wife]

It is suppose to be about 25% on anything we purchase. This is in addition to what state and local sales tax we may pay. :mad:

Hmmm. People have read 1% clear up to your 25%. I read 10%. :cool:

BUT! He PROMISED to NOT raise taxes on anyone making under 250K a year!! We are SAFE, most of us, because he ALWAYS keeps his promises! :rolleyes:

[herbalpagan]

I heard some guy on another forum say "Change you can believe in...change? change? can anyone spare some change?" lol
It's not going to be pleasant soon, if things keep up like this.

[unswydd]

Let's see. I have a dog named Jake, a cat named Tishrei, another cat named Strypes but can change that to something more human sounding. That's 3 more I can claim as dependents. lol That's 4 counting me. Maybe the new kitten will count too, that's 5. Hmmm.........I may have to think about this.