Saturday, February 16, 2008

Where are the volunteers?… “Tax Me More Fund”


We hear from some of our more “elite” representatives that we must get the “Rich to pay their fair share” when it comes to taxes. Fortunately in the state of Virginia taxpayers have the option to voluntarily pay into the “Tax Me More Fund” if they feel they, or we, are not being taxed their “Fair Share” and the government deserves more…

The Washington Times had an interesting article on this fund and how some of those who call for the “Rich” to pay more are actually part of the “Rich” themselves and should feel free to contribute to this special fund.

The Virginia “Tax Me More Fund” took in a whopping $19.36 in 2006 and in fact has contributed the amount of 0.00000005 percent of Virginia's budget since 2002, or $10,217.04

"It's amazing how people want to tax other people for every idea they have, and they are not willing to step up to the plate themselves, said Delegate M. Kirkland Cox, Colonial Heights Republican and a sponsor of the legislation that created the Virginia fund. "It's a real good way to make a point."

But this is not just limited to Virginia and in fact it seems some very wealthy people feel that that the “Rich” do not pay their fair share.

Warren Buffet, who at $52 billion is the third richest man in the world, blasted the U.S. tax system for allowing him to pay a lower income tax rate than his secretary and his cleaning lady do. A speaker at a fundraiser for Hillary Clinton, Buffet said, "If you're in the luckiest 1 percent of humanity, you owe it to the rest of humanity to think about the other 99 percent."

“Buffet's secretary was taxed at a rate of 30 percent of the $60,000 she earned last year. Buffet, without seeking tax shelters or loopholes, paid less than 18 percent of his $46 million in income last year in tax“.

The interesting thing is that Warren fails to state that his secretary is paying “Income Tax” on the money she made at a 30% rate while he paid slightly over the 15% capital gains tax on the money he made off of “Investments”. I agree his secretary is paying too much, as most of us are, in the form of “Income” tax and this should be lowered. This would allow us workers to accumulate more wealth and also increase our investments in the world economy. Warren is just living off of the money he makes from investing a small part of his $52 billion and is paying the capital gains tax at a little over the 15% rate… Warren, please feel free to contribute to the “Tax Me More Fund” at anytime. And of that $46 million he made last year in investments, how many jobs were created, maintained, and improved from his investments and the investments of others? Tax the “Rich” more and will they not take their money elsewhere for a better returns? Will my mutual fund and 401k look elsewhere to invest if Congress decides to make the “Rich Pay Their Fair Share” and raise capital gains taxes? I am not part of the “Rich” but I am part of the “Mutual Fund” rich who pool our money together and invest in our future…

And lets not forget one of our more famous people in the news who is heading up the call for the “Rich to pay their fair share”… Hillary has been in the front lines calling for the evil rich to pay their fair share and this has been heard and absorbed by those most likely to vote for her. She has learned well from “Slick-Willie” to play the “Wealth Card”, and like the Democratic party, loves to pull it out whenever votes are needed… Democratic contender Obama has called for Hillary to release her tax returns but Hillary has said she will only do so if she wins the Democratic nomination… Something to hide there?…
The Associated Press reports this morning: “Former President Clinton made more than $10 million in paid speeches last year, according to new filings that show he and his presidential-candidate wife have at least $10 million in the bank, and may have closer to $50 million.”

Hillary, you and Bill can make a joint contribution to the “Tax me more fund” the next time you get the urge to raise our taxes…

Friday, February 15, 2008

Hillary wants YOUR profits!...


Speaking today at the DNC's winter meeting, she let that same Hillary-knows-best side show:"The other day the oil companies recorded the highest profits in the history of the world. I want to take those profits".

"Many of you are well enough off that [President Bush's] tax cuts may have helped you. We're saying that for America to get back on track, we're probably going to cut that short and not give it to you. We're going to have to take things away from you on behalf of the common good."

Hillary and many of her Democratic friends in Congress claim that they “Feel our pain” at the gas pump and want to do something about the outrageous profits being made by the oil companies. But lets take a look at those profits and who is really making out with the money taken from us at the pumps…

Investors business Daily has a very good article and information showing how much the “evil oil companies” actually make and which pockets the profits end up at…
If Hillary and friends were really interested in reducing our pain at the pump they should look at lowering the tax rate on fuel. “ Over the same period, an additional $1.34 trillion in excise fuel taxes was collected from consumers by the oil companies and turned over to various governments“.
Many from the Democratic Party including Hillary have highlighted the “profits” made by Exxon recently and how they feel Exxon is the total cause of our ills… But lets look at some of the data that shows how much these “Evil oil companies” are paying Hillary & Friends in taxes…

“On those "outlandish" 2006 profits, the company paid federal income taxes of $27.9 billion, leaving it with $39.5 billion in after-tax income. That $27.9 billion was more than was collected from half of individual taxpayers in 2004.
In that year, 65 million returns — which represent far more than 65 million taxpayers because of joint returns — paid $27.4 billion in federal income taxes. And those taxes were paid on adjusted gross income of $922 billion, according to IRS data, yielding an average tax rate of 2.97%“.
Better yet let’s look at what the Oil companies has turned over to the government in the past and is that really the companies “Profits” or the increased amount we pay at the pump to pass onto the government?

And it's not just Exxon Mobil that's paying the freight. From 1977 to 2004, according to Tax Foundation data, U.S. oil companies cleared $630 billion after taxes while paying $518 billion in federal and state corporate taxes at an average rate of 45%“.

Hillary and friends could also lower their “Outrageous” and record profits they are getting from these tax revenues and effectively decreasing our “Pain at the pump” if they truly wanted to…

And another thing. These profits that they talk about. Who\where is the actual Mr. Exxon and where does he live? Take a look at your 401k and or mutual fund and you will find that your retirement is probably invested in these “evil oil companies” and you are the one benefiting from the profits Hillary wants to take…

Wednesday, February 13, 2008

Obama Wins Virginia!!!... well, maybe not...


Obama won the votes in Virginia over Hillary yesterday by an impressive margin and the voters of the Democratic Party delivered a win in a primary that was Hillary's to be had several months ago... But if it comes down to the Super Delegates in a close race at the time of the Democratic Party convention, the Clinton-machine might just have a surprise for Obama and his voters...

"Virginia superdelegates, like their counterparts in other states, are split over whether their votes at the Democratic convention this summer should be for the winner of state primaries or their personal choice".

"Delegate Jennifer L. McClellan, Richmond Democrat, said yesterday she will vote for Sen. Hillary Rodham Clinton regardless of primary outcomes".

There was an interesting ARTICLE about this yesterday that describes "what just might happen" when it comes to that big party in a couple of months...

"I will cast my vote at the convention for her unless she withdraws from the race because I still believe her to be the best candidate for the job," she said. "I imagine those superdelegates who have committed to Senator [Barack] Obama feel the same way."
Democratic Virginia Governor Tim Kaine told ABC's "This Week" program on Sunday that it probably would not come down to the Super Delegates at convention time.

"However, Mr. Kaine said the previous night, at the annual Jefferson-Jackson Dinner, in Richmond, he had "declared his allegiance and am not changing."
Turns out Democratic Virginia Governor Kaine is Mr. Obama's national co-chairman and has "declared his allegiance"
Might just come down to a little bit of negotiations at the Democratic Convention after all... No matter what the voters said...

Monday, February 11, 2008

Primary Election Voting in Virginia...


Tuesday February 12th, 2008

Virginia’s presidential primaries will be held Tuesday, February 12th. Polls will open at 6:00 a.m. and will close at 7:00 p.m. If you are already in line to vote at 7:00 p.m. you will still be allowed to vote.

Click HERE to go to the Virginia State election site and enter your address to find your Voting location...

Sunday, February 10, 2008

Hillary's Accomplishments....


A friend forwarded the above photo and email that he received and thought was worth looking at and without a doubt captures your attention. As far as I can tell the email claims are accurate and are followed up with some facts provided by another website. Link to second section is provided at end...

Hillary's Resume

Hillary Clinton has been telling America that she is the most qualified candidate for president based on her 'record,' which she says includes her eight years in the White House as First Lady - or 'co-president' - and her seven years in the Senate.
Here is a reminder of what that record includes:

- As First Lady, Hillary assumed authority over Health Care Reform, a process that cost the taxpayers over $13 million. She told both Bill Bradley and Patrick Moynihan, key votes needed to pass her legislation, that she would 'demonize' anyone who opposed it. But it was opposed; she couldn't even get it to a vote in a Congress controlled by her own party. (And in the next election, her party lost control of both the House and Senate.)

- Hillary assumed authority over selecting a female Attorney General. Her first two recommendations, Zoe Baird and Kimba Wood, were forced to withdraw their names from consideration. She then chose Janet Reno. Janet Reno has since been described by Bill himself as 'my worst mistake.'

- Hillary recommended Lani Guanier for head of the Civil Rights Commission. When Guanier's radical views became known, her name had to be withdrawn.

- Hillary recommended her former law partners, Web Hubbell, Vince Foster, and William Kennedy for positions in the Justice Department, White House staff, and the Treasury, respectively. Hubbell was later imprisoned, Foster committed suicide, and Kennedy was forced to resign.

- Hillary also recommended a close friend of the Clintons, Craig Livingstone, for the position of director of White House security. When Livingstone was investigated for the improper access of up to 900 FBI files of Clinton enemies ("Filegate") and the widespread use of drugs by White House staff, both Hillary and her husband denied knowing him. FBI agent Dennis Sculimbrene confirmed in a Senate Judiciary Committee hearing in 1996, both the drug use and Hillary's involvement in hiring Livingstone. After that, the FBI closed its White House Liaison Office, after serving seven presidents for over thirty years.

-In order to open "slots" in the White House for her friends the Thomasons (to whom millions of dollars in travel contracts could be awarded), Hillary had the entire staff of the White House Travel Office fired; they were reported to the FBI for 'gross mismanagement' and their reputations ruined. After a thirty-month investigation, only one, Billy Dale, was charged with a crime - mixing personal money with White House funds when he cashed checks. The jury acquitted him in less than two hours.

- Another of Hillary's assumed duties was directing the 'bimbo eruption squad' and scandal defense:---- She urged her husband not to settle the Paula Jones lawsuit.---- She refused to release the Whitewater documents, which led to the appointment of Ken Starr as Special Prosecutor. After $80 million dollars of taxpayer money was spent, Starr's investigation led to Monica Lewinsky, which led to Bill lying about and later admitting his affairs.

---- Then they had to settle with Paula Jones after all.

---- And Bill lost his law license for lying to the grand jury

---- And Bill was impeached by the House.

---- And Hillary almost got herself indicted for perjury and obstruction of justice (she avoided it mostly because she repeated, 'I do not recall,' 'I have no recollection,' and 'I don't know' 56 times under oath).

- Hillary wrote 'It Takes a Village,' demonstrating her Socialist viewpoint.

- Hillary decided to seek election to the Senate in a state she had never lived in. Her husband pardoned FALN terrorists in order to get Latino support and the New Square Hassidim to get Jewish support. Hillary also had Bill pardon her brother's clients, for a small fee, to get financial support.

- Then Hillary left the White House, but later had to return $200,000 in White House furniture, China, and artwork she had stolen.

- In the campaign for the Senate, Hillary played the 'woman card' by portraying her opponent (Lazio) as a bully picking on her.

- Hillary's husband further protected her by asking the National Archives to withhold from the public until 2012 many records of their time in the White House, including much of Hillary's correspondence and her calendars. (There are ongoing lawsuits to force the release of those records.)

- As the junior Senator from New York, Hillary has passed no major legislation. She has deferred to the senior Senator (Schumer) to tend to the needs of New Yorkers, even on the hot issue of medical problems of workers involved in the cleanup of Ground Zero after 9/11.

- Hillary's one notable vote; supporting the plan to invade Iraq, she has since disavowed.
Quite a resume. Sounds more like an organized crime family's rap sheet.

Additional Facts about Hillary

FIRST FIRST LADY to come under criminal investigation

NUMBER of Hillary Clinton fundraisers convicted of, or pleading no contest to, crime: 5

NUMBER OF TIMES that Hillary Clinton, providing testimony to Congress, said that she didn't remember, didn't know, or something similar: 250

NUMBER OF CLOSE BUSINESS partners of Hillary Clinton who ended up in prison: 3. The Clintons' two partners in Whitewater were convicted of 24 counts of fraud and conspiracy. Hillary Clinton's partner and mentor at the Rose law firm, Webster Hubbell, pleaded guilty to federal mail fraud and tax evasion charges, including defrauding former clients and former partners out of more than $480,000. Hillary Clinton was mentioned 35 times in the indictment.
IN THE 1980s, Hillary Clinton made a $44,000 profit on a $2,000 investment in a cellular phone franchise deal took advantage of the FCC's preference for locals, minorities and women. The franchise was almost immediately flipped to the cellular giant, McCaw..

HILLARY CLINTON AND HER HUSBAND set up a resort land scam known as Whitewater in which the unwitting bought third rate property 50 miles from the nearest grocery store and, thanks to the sleazy financing, about half the purchasers, many of them seniors, lost their property.

IN 1993 HILLARY CLINTON and David Watkins moved to oust the White House travel office in favor of World Wide Travel, Clinton's source of $1 million in fly-now-pay-later campaign trips that essentially financed the last stages of the campaign without the bother of reporting a de facto contribution. The White House fired seven long-term employees for alleged mismanagement and kickbacks. The director, Billy Dale, charged with embezzlement, was acquitted in less than two hours by the jury.

HRC'S 1994 HEALTH CARE PLAN, according to one account, included fines of up to $5,000 for refusing to join the government-mandated health plan, $5,000 for failing to pay premiums on time, 15 years to doctors who received "anything of value" in exchange for helping patients short-circuit the bureaucracy, $10,000 a day for faulty physician paperwork, $50,000 for unauthorized patient treatment, and $100,000 a day for drug companies that messed up federal filings.

TWO MONTHS after commencing the Whitewater scheme, Hillary Clinton invested $1,000 in cattle futures. Within a few days she had a $5,000 profit. Before bailing out she earns nearly $100,000 on her investment. Many years later, several economists will calculate that the chances of earning such returns legally were one in 250 million.

IN 1996, Hillary Clinton's Rose law firm billing records, sought for two years by congressional investigators and the special prosecutor were found in the back room of the personal residence at the White House. Clinton said she had no idea how they got there.

DRUG DEALER Jorge Cabrera gave enough to the Democrats to have his picture taken with both Hillary Clinton and Al Gore. . . Cabrera was arrested in January 1996 inside a cigar warehouse near here in Dade County, where more than 500 pounds of cocaine had been hidden. He and several accomplices were charged with having smuggled 3,000 pounds of cocaine into the United States through the Keys

In 2000, Hillary Clinton's Senate campaign returned $22,000 in soft money to a businesswoman linked to a Democratic campaign contribution from a drug smuggler in Havana.

IN AUGUST 2000, Hillary Clinton held a huge Hollywood fundraiser for her Senate campaign. It was very successful. The only problem was that, by a long shot, she didn't report all the money contributed: $800K by the US government's ultimate count in a settlement and $2 million according to the key contributor and convicted con Peter Paul. This is, in election law, the moral equivalent of not reporting a similar amount on your income tax. It is a form of fraud. Hillary Clinton's defense is that she didn't know about it

HILLARY CLINTON'S participation in a Whitewater related land deal became suspicious enough to trigger an investigation by the Arkansas Supreme Court.
IN 2007, A Pakistani immigrant who hosted fundraisers for Sen. Hillary Rodham Clinton became a target of the FBI allegations that he funneled illegal contributions to Clinton's political action committee and to Sen. Barbara Boxer's 2004 re-election campaign. Authorities say Northridge, Calif., businessman Abdul Rehman Jinnah, 56, fled the country shortly after being indicted on charges of engineering more than $50,000 in illegal donations to the Democratic committees.

SUN SENTINEL, FL - U.S. Reps. Debbie Wasserman Schultz, of Weston, and Alcee Hastings, of Miramar, were appointed national campaign co-chairs on Thursday for U.S. Sen. Hillary Rodham Clinton's Democratic presidential effort. "We need a leader with a clear vision and sound judgment, who can work with a Democratic Congress to renew the promise of America. Hillary is that leader," Wasserman Schultz said in a statement. . . WIKIPEDIA - In 1981 Judge Hastings was charged with accepting a $150,000 bribe in exchange for a lenient sentence and a return of seized assets for 21 counts of racketeering by Frank and Thomas Romano, and of perjury in his testimony about the case. He was acquitted by a jury after his alleged co-conspirator, William Borders, refused to testify in court (resulting in a jail sentence for Borders).

"Ten Men go out for Dinner… Who Pays what?"…


I directed a co-worker to the following example of how taxes are being paid by people in different income levels after there was some confusion on the disparity of who pays what income tax. He found it a very interesting example of how are tax system is aligned and how some pay more then others and even those who pay no income tax at all…

He then presented this example to several of his friends and their comments were interesting to say the least….

Suppose that every day, ten men go out for dinner and the bill for all comes to $100.If they paid their bill the way we pay our taxes, it would go something like this:

The first four men (the poorest) would pay nothing like they do now with the present income tax structure.

The fifth would pay $1.

The sixth would pay $3.

The seventh would pay $7.

The eighth would pay $12.

The ninth would pay $18.

The tenth man (the richest) would pay $59 of the bill.

So that is what the ten men decide to do.

The ten men ate dinner in the restaurant every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve. “Since you all are such good customers I am going to reduce the cost of your daily meal by $20”. Dinner for the 10 men now costs just $80...

The group still wanted to pay the bill the same way that they paid their taxes so the first four men were unaffected. They would still eat for free. But what about the other six men -- the Paying customers? How could they divide the $20 windfall so that everybody would get his “Fair Share”?

They realized that $20 divided by six is $3.33. But they subtracted that from everybody’s share, then the fifth and sixth man would each end up being paid to eat their meal…So, the restaurant owner suggested it would be fair to reduce each mans bill roughly the same amount; and proceeded to work out the amounts each man would pay.

The fifth, like the first four now paid nothing (100% savings).

The sixth man now paid $2 instead of $3 (33% savings)

The seventh man now paid $5 instead of $7 (28% savings)

The eight man now paid $9 instead of $12 (25% savings)

The ninth man now paid $14 instead of $18 (22% savings)

The tenth man now paid $49 instead of $59 (16% savings)

Each of the six was better off then before. And the first four continued to eat for free. But once outside the restaurant, the men began to compare their savings…

“I only got a dollar out of the $20,” declared the sixth man. He pointed to the tenth man “but he got $10”…“Yeah, that’s right,” exclaimed the fifth man. “I only saved a dollar, too. Its unfair that he got ten times more than me!?”“That’s true”, shouted the seventh man. “Why should he get $10 back when I got only two? The wealthy get all the breaks!”“Wait a minute,” yelled the first four men in unison. “We didn’t get anything at all. The system exploit’s the poor!”The nine men surrounded the tenth man and beat him up…

The next night the Tenth man did not show up for dinner, so the Nine sat down and ate without him. But when it came time to pay the bill, they discovered something important. They didn’t have enough money between all of them for even half the bill!

And that Boys & Girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just might not show up anymore. In fact, they might start eating overseas where the atmosphere is somewhat friendlier…David R. Kamerschen, PH.DProfessor of EconomicsUniversity of Georgia

The interesting thing is the comments that my co-worker got back from the group, who was made up with a vast majority of Obama & Hillary supporters, when he presented this example.

“It’s only fair that the rich guy pays more for he has more then the other guys”…
“It’s about time that the Rich pays their fair share”…
“Need to trim the fat on the top”…

When my co-worker brought up the point that the top 2 to 3 men in this example already were paying the vast amount of the bill and how was that fair he was shouted down by the group.

My co-worker then stated that one of the Clinton supporters brought up the fact that there was a $$$Trillion$$$ dollar surplus when Bill Clinton was President and President Bush has now run the economy into the ground. The discussion pretty much broke down into a Bush-bashing session thus preventing any logical debate to ensue…

The co-worker now has a list of simple questions to ask his “Clinton supporter” friend and the group at their next gathering…

Did the “Clinton” treasury actually have that Trillion dollar surplus or was that a projected “Surplus” over the next ten years, with the same rate of growth, interest rates, and stock market???…

Would this Trillion dollar surplus have continued if the attacks of 9/11 had happened on President Clinton’s watch???…

If President Clinton did in fact have a Trillion dollar surplus why did he not then fix the Social Security, Medicare, Healthcare problems???…

If it was a known fact that the levees around New Orleans were not sufficient and could not withstand a Cat 3 or higher hurricane, why didn’t President Clinton spend that Trillion dollar surplus on repairing this???…

The above example of “who pays what” when it comes around to paying income tax has been around for awhile. The exact amount of how much each man pays may have changed since this example first appeared. Since the Bush tax cuts went into effect there is even a higher % of income earners who no longer pay income tax. The above example shows the first four men not having to pay any of the bill. In fact now this may also apply to the fifth man. With that the higher 5% of income tax payers are paying a higher % of the total bill… Many of us middle income earners are employed by those who invest their money in creating new businesses and jobs. What happens if the top guy does not show up to dinner tomorrow?

$860,000 Deal or No Deal !!!...


I had the opportunity to attend the local Augusta County Republican breakfast event at Mrs. Rowe’s restaurant yesterday that had guest speaker Paul Harris from Americans for Prosperity. Very interesting and informative about the foundations efforts to keep America prosperous and an environment for all citizens to grow and prosper.

In attendance was Republican Delegate Ben Cline who is also a member of Americans for Prosperity and spoke of his efforts in the Virginia assembly to highlight and inform the public of wasteful spending within the state government.

One of the things that Delegate Cline brought up was the amount of money spent by the Virginia Lottery to advertise the States lottery program. Delegate Cline informed the room full of Republicans and local media representatives that the Virginia Lottery has a advertising of $26+ million dollars.

This advertising budget has been used to promote the lottery which offers numerous ways for the public to legally gamble their money with some of the proceeds going to the Virginia education system. A check of the Virginia State Lottery website shows that lottery sales for the fiscal year of 2007 was over $1.3 billion and with that $437.1 million, or 32% went to education grades K-12th. $791.7 million went to the lottery winners, $76.4 million to the Retailer’s, and $68 million to the Virginia State Lottery for “Operating” expenses…

Delegate Cline then pointed out that after numerous requests, it was disclosed that the “operating” expense account of the Virginia State Lottery included the payment of $250,000 to Donald Trump for the use of his name and image on a past “Scratcher” lottery ticket.

Cline also discovered that the Virginia State Lottery has paid $860,000 from it’s operating budget for the use of the “Deal or No Deal” theme for the above “Scratcher” ticket.

I also found that the Virginia State Lottery is presently offering or soon will be a total of 83 “Scratcher” lottery tickets…

With total lottery sales in 2007 being over $1.3 billion dollars with 32% of that going to our education system as required by state law, do we really need 83 different scratch lottery tickets? Is it really required to spend $860,000 on a single lottery ticket theme to ensure or maintain lottery sales? Will those playing the lottery now stop if themes like “Deal or No Deal” are not offered?

What if we stopped spending so much like a quarter million dollars to use Trump’s image or close to a million dollars for “No Deal” and spent that money on teacher raises and better books?

*** Delegate Cline has provided the following link to his bill which would reduce the advertising budget by half and sending that money to our education system instead...