web analytics
July 28, 2014 / 1 Av, 5774
Israel at War: Operation Protective Edge
 
 
At a Glance

Posts Tagged ‘taxes’

How Obama is ‘Saving’ the Middle Class

Wednesday, January 2nd, 2013

President Barack Obama won re-election by selling the idea that he was the champion of the middle class.  Now he is forcing them into poverty and driving them from their homes.

That is the effect of new taxes going into effect on Jan. 1, regardless of how negotiations on the fiscal cliff turn out (unless, as seems unlikely, Congress decides to extend all of the Bush tax cuts to everyone).  The new marginal rates on dividends and interest (43.4%) and capital gains (20%, or 23.8% including the ObamaCare surcharge for high earners) will be devastating for the middle class.

Not only will it apply to those not-so-rich high earners who breach the $200,000 level, but it will harm those under the limit by undermining their desire to get ahead.  Why work longer or harder with 43.4% of marginal income going straight to Washington, another 15% to 20% going to state and local taxes, and 55% of whatever’s left going to death taxes when you pass on?  It’s easier to do what Obama wants and just stay poor.

New tax rates are just the beginning.  There’s the failure to address the Alternative Minimum Tax.  And with the president’s unwillingness to negotiate, there’s the restoration of higher tax rates on all earners.  There is also a host of indirect taxes, such as an onerous tax on medical device makers and lower reimbursements to doctors and hospitals, that will be passed on to consumers one way or another.

Altogether, Obama is “saving the middle class” with a $494-billion tax hike, three-fourths of it on the middle class.

Those who will be hurt the most are small businessmen, professionals, and modestly affluent retirees.  Many of these filers claim more than $200,000 on their tax returns, but they are hardly the evil 1% that Obama vilified during the campaign.  They operate family farms and small construction companies.  They are dentists and accountants.  They are the hardworking owners of retail stores and fast-food outlets.  In short, they are middle-class Americans.

Granted, they are successful.  But isn’t success what Americans aspire to?  By raising taxes on the middle class and especially on those among the middle class who are more successful than others, Obama is sending the message that Americans might as well not aspire to anything.  If they do, they too can expect to be taxed back into dependency.

That has been the plan all along.  That’s why the president exudes such spite toward those who aspire to be rich (while the Buffetts and Zuckerbergs who support him get a free ride).  As far as the left is concerned, all Americans should be dependent on government.  When’s the last time Obama celebrated the success of anyone other than someone like Christopher Brian Bridges (aka “Ludacris”)?  When’s the last time he spoke in a heartfelt manner about the great gift of capitalism and the everyday sacrifices of those in the middle class who make it work?

Never.  What he constantly proclaims is the glorious benefit of Big Government, with the implication that those who control Big Government possess an absolute right to rule over the middle class.  That is why he insists that Congress hand over control of the debt ceiling.  And to make government bigger, Obama demands bigger revenues.  Why should he negotiate?  On January 1, he gets up to half a trillion more in revenues to force more Americans into dependency.

Next week, all or part of that half-trillion in taxes is going into effect, including the Obama death tax.  Just think of those family farms whose owners pass away in the new year.  With Obama blocking reform, rates will return to 55% of assets over $1 million (in addition to whatever state death taxes are due).  At current prices, a typical 200-acre Midwestern farm is now valued at nearly $2 million.  That farm will have to be sold or mortgaged to pay estate taxes.  It will be difficult for surviving family members, who may be dependent on the farm for their livelihoods and may already have been operating the farm for years, to continue operating “half a farm.”  But that’s what Obama wants.

Small business owners are in the same boat. In order to pay that 55% death tax, many who inherit a franchise, a retail operation, or even a service station will be forced to sell the business.  And everyone who worked at that business loses his job.

US Taxes and the American Citizen Abroad (Podcast)

Wednesday, January 2nd, 2013

This week, Anne Hornung-Soukup, finance director of the ACA (American Citzens Abroad), comes back to Goldstein on Gelt to tell us more about the American government’s taxation policy and how it relates to U.S. expats. Taxation for American citizens abroad is a complicated story. Listen to this week’s show to find out how U.S. taxes still affect you, even if you haven’t been back to the States for years or have never been there but have American parents…

Obama’s Priorities: Immigration, the Economy, Energy, Taxes; Hagel Still Front Runner for Defense (Video)

Sunday, December 30th, 2012

Because we’re the Jewish Press, we’ll start with the Chuck Hagel nomination for Secretary of Defense, and move down from there. Speaking with David Gregory on Sunday’s Meet the Press, President Barack Obama voiced strong support for the former Republican Senator from Nebraska. The president insisted, however, that he was yet to make the final decision on the nomination.

In preparation for the nomination dance, Hagel released a statement Friday apologizing for comments he made in 1998 about a gay ambassadorial nominee. Hagel had come under fire in recent days for calling James Hormel, President Clinton’s nominee for ambassador to Luxembourg, “openly, aggressively gay.”

Sounds dangerous…

Hagel’s statement was published by the Washington Post: “My comments 14 years ago in 1998 were insensitive. They do not reflect my views or the totality of my public record, and I apologize to Ambassador Hormel and any LGBT Americans who may question my commitment to their civil rights. I am fully supportive of ‘open service’ and committed to LGBT military families.”

Emphasis on “military.”

Last week, Miami Beach’s Jewish elderly population’s favorite presidential candidate Pat Buchanan endorsed Hagel’s nomination.

Among Hagel’s many qualifications, Buchanan wrote, are his views on Iran, and if the president himself decides against going to war, he’ll have to make the case regardless of whether he nominates Hagel: “If Obama does not want that war, he is going to have to defeat the war party. Throwing an old warrior like Chuck Hagel over the side to appease these wolves is not the way to begin this fight. Nominate him, Mr. President. Let’s get it on.”

Buchanan admitted that Hagel had a few Jewish skeletons in his closet. Like when he told author Aaron David Miller that the “Jewish lobby intimidates a lot of people up” on the Hill. Or when he urged the U.S. to talk to Hamas, Hezbollah and Iran. Or when Hagel said, a few years back, that “a military strike against Iran … is not a viable, feasible, responsible option.”

Both Buchanan and Hagel have been accused of anti-Semitism, Hagel for saying the Jewish lobby wields too much influence on Capitol Hill and Buchanan for—oh, take your pick…

He’s how the president approached the subject of Hagel nomination on Meet the Press, courtesy of policymic.com:

GREGORY: “Former Senator Chuck Hagel has come under criticism for some comments he’s made including about a former ambassador nominee during the Clinton years that being gay was an inhibiting factor to being gay to do an effective job. Is there anything about Chuck Hagel’s record or statements that’s disqualifying to you, should you nominate him to run the Defense Department?” …

OBAMA: “Not that I see. I’ve served with Chuck Hagel. I know him. He is a patriot. He is somebody who has done extraordinary work both in the United States Senate. Somebody who served this country with valor in Vietnam. And is somebody who’s currently serving on my intelligence advisory board and doing an outstanding job.

“So I haven’t made a decision on this. With respect to the particular comment that you quoted, he apologized for it. And I think it’s a testimony to what has been a positive change over the last decade in terms of people’s attitudes about gays and lesbians serving our country. And that’s something that I’m very proud to have led.”

* * * And now, because there are other things of concern happening in the world other than the question of whether a non-ally of Israel replaces Leon Panetta, here are some quotes from today’s interview:

GREGORY: “If you go over the cliff, what’s the impact in the markets?”

OBAMA: “Obviously, I think business and investors are going to feel more negative about the economy next year. If you look at projections of 2013, people generally felt that the economy would continue to grow, unemployment would continue to tick down, housing would continue to improve. But what’s been holding us back is the dysfunction here in Washington. And if people start seeing that on January 1st this problem still hasn’t been solved, that we haven’t seen the kind of deficit reduction that we could have had had the Republicans been willing to take the deal that I gave them, if they say that people’s taxes have gone up, which means consumer spending is going to be depressed, then obviously that’s going to have an adverse reaction in the markets.”

* * * GREGORY: “How accountable are you for the fact that Washington can’t get anything done and that we are at this deadline again? … You’ve had a tough go with Congress.”

Behind Salam Fayyad’s Call for ‘Economic Intifada’

Thursday, December 20th, 2012

Salam Fayyad, the prime minister of the Palestinian Authority, this week called for an economic Intifada against Israel.

See related Cartoon

Fayyad, whose government is facing a severe financial crisis, wants Palestinians to boycott all Israeli goods in response to Israel’s decision to seize tax revenues belonging to the Palestinian Authority.

The revenues were seized and transferred to the Israel Electric Company to cover Palestinians’ debts to the firm.

Fayyad is angry because the Israel Electric Company finally collected its debts from Palestinian consumers. Speaking to Palestinian reporters in Ramallah, he denounced the transfer of the funds to the company as “illegal and immoral.”

Fayyad knows better than anyone else that, for various reasons, many Palestinians have not been paying their electricity bills.

Many Palestinians refuse to pay water, electricity and other bills because they believe the international community, primarily the Americans and Europeans, should be covering all their expenses. Others refuse to pay because they believe the money eventually falls into the hands of corrupt Palestinian Authority officials.

Earlier this year, the Palestinian Authority announced a series of measures to persuade Palestinian consumers to pay their electricity bills, but to no avail. The Palestinian Authority even announced a new law that allows it to imprison any Palestinian who is caught practicing the widespread phenomenon of “electricity theft.”

Because of the financial crisis, Fayyad’s government has also failed to pay full salaries to its employees, sparking a two-day general strike of the public sector in the West Bank.

The transfer of funds to the Israel Electric Company, and the Arab world’s failure to fulfill promises to support the Palestinian Authority financially, have created a severe financial crisis in the Palestinian Authority.

This is not the first time that Arab countries lie to Palestinians. Over the past two decades, Arab nations have promised the Palestinians billions of dollars in aid. But, according to officials in Ramallah, the Palestinians have received less than 10% of what they had been promised.

Instead of seeking ways to solve the crisis, however, Fayyad chose to call on Palestinians to boycott all Israeli goods. How does that help solve the financial crisis? Fayyad did not have an answer. He just wants to punish Israel for collecting on the debt for the electricity bills.

He is hoping that by calling for an economic intifada, he will succeed in diverting growing anger and frustration on the Palestinian street towards the Israelis. This has always been the Palestinian Authority’s way of avoiding responsibility for anything that goes wrong — by putting all the blame on Israel.

Fayyad wants Palestinians to boycott Israel, but at the same time is unable to provide them with better alternatives. Does he really think that Palestinians will stop buying Israeli-manufactured medicine, for example?

As one Palestinian public servant asked, “How can our prime minister ask us to boycott Israeli goods when we can’t even afford to purchase Palestinian goods because he’s not paying us our salaries?”

Added another Palestinian who has been working as a school teacher for 25 years: “If Fayyad wants us to boycott Israel, why doesn’t he himself set an example? Why is he living in Jerusalem, under Israeli rule, and enjoying, together with his family, most privileges offered to Israeli citizens? Today, I’m ready to go and work in an Israeli settlement to feed my children and I don’t care whether Fayyad likes it or not.”

Originally published at the Gatestone Institute.

And the Powerball Numbers Are…

Thursday, November 29th, 2012

The record Powerball lottery – $550 million ($360.2 million as a cash option before taxes) – goes to numbers 5, 23, 16, 22, 23, 29 and powerball 6.

The jackpot was initially listed at $450, then jumped to $500 million on Tuesday, stopping at $550 million Wednesday morning.

 

Israel Gives Palestinians NIS 200 Million

Wednesday, November 28th, 2012

Galei Tzahal reports that despite Israeli threats to withhold money if the Palestinian Authority doesn’t stop its UN bid for statehood, Israel transferred on Tuesday NIS 200 million (around $50 Million) to the Palestinian Authority to help them pay salaries. The money was paid from taxes collected o behalf of the Palestinian Authority.

One wonders why that money isn’t being used to buy more Iron Dome missiles which cost around $50,000 a pop, or build more bomb shelters, or to repair buildings damaged by the Palestinians.

The City that has Problems with Synagogues

Wednesday, November 14th, 2012

My congressional campaign is over, but one of the main reasons I ran remains. What first impelled me to seek public office was the feeling of powerlessness to stop Muammar Kaddafi from coming to stay in the home immediately next door to me in Englewood, N.J., in the autumn of 2009.

And though we ultimately succeeded, with God’s blessing, in pushing him out, I could not persuade my city to challenge the tax exemption of an international terrorist which forced me, and all the other residents of Englewood, to be complicit in evil in having to subsidize a murderous government’s compound in our midst. (The staff living there did not have the decency to even once lower their flag to half-staff in the wake of the murder of Ambassador Chris Stevens in Benghazi.)

If only my city were to treat me with the same courtesy they accorded Kaddafi.

For the past year my congregants and I have been locked in a bitter struggle with Englewood to get our home properly zoned as a Synagogue. We have hosted prayer, religious services, and educational events for more than 13 years, but the city continues to cite us as requiring a variance in order to host communal worship. The same city that could not, for three decades, muster the courage to challenge the Libyans’ tax-exempt presence in our town has obstructed a fair hearing of our congregants’ right to establish a house of worship. As the Chairman of our Board, Michael Fromm, has put it, “It’s an outrage. We have had hearings canceled for nefarious reasons, the rules have been changed mid-game, city officials have abused their power to thwart us, board members have publicly displayed prejudice against us, and we have been held to a higher standard than international terrorists.”

The city’s efforts to block our Synagogue application have been brazen. First, they canceled our hearing at the Board of Adjustment – for which we had prepared for months at considerable expense – on the very same day it was to take place on October 24, 2011. Then, after having our hearing unlawfully canceled by one Board, we spent thousands more to ready ourselves for a hearing at the Planning Board, appointed and overseen by the City’s mayor, Frank Huttle. Unbelievably, they too found a legal loophole to deny us from even being heard. The full video of the hearing is available here and you may draw your own conclusions as to the fairness of their arguments and vote.

So, thousands of dollars later we were back at the Board of Adjustment for a hearing scheduled for May 21, 2012. Then, just a week before the hearing we were forwarded a letter, authored by Ken Albert, the City Engineer, dated March 27, 2012, that demanded, for the first time, a host of new improvements in order for us to even qualify for the hearing. Bizarrely, the city stamped his letter April 24th, 2012, suggesting they had sat on the letter for a full month prior to forwarding it, thereby making it impossible for our hearing to go ahead as planned.

We acquired a new date of June 25, 2012 only to have that hearing canceled by Chairwoman Rosemary Byrne a mere four hours before it was scheduled, wasting thousands more of our organization’s money. Was the city’s strategy to have us squander all our funds without even a hearing so that we would throw in the towel?

We finally decided to go public about the many obstacles and cancellations thrown in our path for the creation of a House of Worship, while leaving the Libyans to live peacefully at Englewood taxpayer expense. We also prepared a Federal lawsuit against the city under the Religious Land Use and Institutionalized Persons Act. Once the newspaper reports appeared, we were granted a hearing.

We’ve had two since. Unfortunately, the hearings have been characterized by what would seem to be a predetermined outcome. A simple read of the transcripts provides a great deal of illumination, with one board member in particular, Harry Reidler, seeming particularly vexed by our application.

Reidler, who is a member of the local Democratic Municipal Committee, several times raised my Congressional bid in the district (Republican) even though it was never germane to our Synagogue’s application. When, for the first time, he brought up my race for Congress he was interrupted three times by the Chairwoman and told, “Wait.” Still he objected, saying ‘…I mean, we know that this Rabbi is running for Congress.”

Printed from: http://www.jewishpress.com/indepth/columns/america-rabbi-shmuley-boteach/the-city-that-has-problems-with-synagogues/2012/11/14/

Scan this QR code to visit this page online: