Tuesday, March 3, 2009

HOW TO NOT MAKE MONEY

ABC News: Upper-Income Taxpayers Look for Ways to Sidestep Obama Tax-Hike Plan

Barack Obama's plans to tax the evil, filthy ugly rich is going to lead to an economic shutdown. At some point, the achievers are going to give up. They are going to get sick and tired of working hard to achieve and succeed and see their earned wealth be taken away by the point of a gun and given to someone to buy tire shine for the wheels on their house.

Right now, Obama's tax plan makes it pretty clear what is defined as "rich." An individual making $200,000 or a family making $250,000.

Even in the mainstream media, we are starting to hear about the achievers who are looking for ways to decrease their salaries in order to fall under Barack Obama's tax marks. What does this mean? People actually want to make less money, thanks to Barack Obama's tax plans. That means that they employ less people or see less clients. In other words, it leads to a less productive society. A society that is more dependent on the government. There is some point at which people will say "Look, I have enough. I'll continue to work hard, but not for reduced rewards. Time to cut back and take it easy while this country enjoys their new president."

Take a look at this article from ABC News: Upper-Income Taxpayers Look for Ways to Sidestep Obama Tax-Hike Plan. This is real, folks. This isn't me typing out a summary of Ayn Rand's "Atlas Shrugged." Read the article and tell me how Obama's tax plans are going to be a benefit to our society.

Monday, January 5, 2009

Detroit lawyer gets 5-cent IRS bill, 4-cent refund

James Howarth is a little confused by two letters he has received from the Internal Revenue Service.

The Detroit defense lawyer received one letter in November that said he owed the IRS money — five cents.

He was warned that he should pay "to avoid additional penalty and/or interest," the Detroit Free Press reported Saturday.

Howarth says he then received a second letter telling him the government owes him money — four cents.

He was told he would have to request the refund since it's less than $1.

"When I owe them a nickel, I must pay them. It's not optional," he said. "But when they owe me, I have to ask for it."

Howarth says he's not sure if there is a connection between the two notices, or if the refund represents a recalculation of the original bill.

The perplexed lawyer says he called an IRS 800 telephone number but gave up after spending a long time on hold.

IRS spokesman Luis D. Garcia says the agency doesn't comment on individual accounts.

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Information from: Detroit Free Press, http://www.freep.com