About 'vat on bad debts'|On Debt, Gambling and Parasites
In USA Today the headlines read "Leap in U.S. debt hits taxpayer with 12% more red ink." What does that mean to the average taxpayer, you know, not the tax cheats that already work for President Obama, but the hard working American trying to support their families by cutting cost at all levels? Well, our government of non-representing representatives, just added about $55,000 worth of debt to every U.S. household. Surprise? I'm not. With all this spending someone is going to have to pay for our government's pork. No matter what you believe...and this is going out to the Obama followers...your taxes are going to be raised. 100% of the American taxpayers are going to see taxes raised. Not just on income but on everything. There is whispering going on about a "VAT" tax. "VAT" is shorthand for value added taxes. A VAT is a tax on the transfer of goods and services that ultimately is borne by the consumer. In laymen terms...everything you buy will have a tax added to it! The liberal Democrats love this idea. It is a way for them to tax us to death and spend us into even more debt. The major effect of VAT will be felt on the middle and lower class wage earners. Just imagine paying an extra tax on EVERYTHING! Hmmm... Remember the claim by President Obama? "95% of taxpayers would not see a tax increase", he stated over and over again. Well, he has flip-flopped on just about every issue since taking office. What's one more? Thanks to the big spending liberals, each household is on the hook for about $546,668 of federal obligation. WOW! USA Today estimates this is over 4 times the amount of what a household owes for all mortgages, car loans, credit cards and other debts combined. Be sure to thank our representatives in 2010 and our President in 2012 by kicking their asses out of office. You will hear members of congress denying the future tax raises, but they are coming. Have you ever known a man id debt, spend his way out of debt? Yeah, didn't think so. That is what President Obama is...a man in debt trying desperately to spend his way out of debt. However, this will never work. Taxes will have to be increased. Why? Well, think about your own household. When you have less money flowing in, do you a) spend more or b) spend less? Most answered correctly. You spend less. Our government does not understand this simply plan. They do not understand how to budget. What they do understand is how to spend and spend BIG. As Democrat Chuck Schumer boldly claimed "the American people really don't care." http://www.youtube.com/watch?v=JEfICUoWKBw Why is President Obama so hell-bent on trying to pass a health care bill this year? Well, many have their answers and I believe a few are correct. Everybody knows President Obama wants to put all medical records on a single electronic database. This is my conspiracy about President Obama, GE and MSNBC pushing his agenda, but that is for later articles. In his first 100 days, President Obama has outspent every single administration in history. That alone is a staggering accomplishment. The bad news is that we still have six months on the calendar. I believe our debt will grow substantially more by years end. It is a guarantee. Why do we have to be on a budget when OUR federal government isn't? I know most American taxpayers are sick and tired of being nickeled and dimmed to death. But, sadly, people feel for the smooth talking, empty suit with his pearly whites gleaming while talking about hope and change. I for one hope there is a change. I hope the taxpayers stand up to these big spending Representatives and tell them its time to change. Change how we spend taxpayers hard earned wages. Change how we run the national budget before it is too late. We are bankrupt from leaders who can't/won't lead. So, work hard. Uncle Sam is coming to take away more money from you. That is something our President claimed wouldn't happened. He lied....AGAIN! |
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- chrisfilby.blogspot.com/...increase taxes a single dime on individuals with ...talk of a Value Added Tax (VAT) to help get the country out of debt or provide additional revenues...
- argentius.blogspot.com/...but annoying nonetheless) on my purchases. It's...a credit card, not to go into debt, but to swiftly make cross-border... sense. I'd feel worse about depriving the...
- simonkerrhfblog.blogspot.com/...as well as the increase in VAT, are deflationary. And, with...any different in 2011 with such on-going paralysis in the... level of private sector debt many times greater...
- lukelaurie.wordpress.com/...have sufficient economic resources to expend on goods and services, the economy...the children of all nations. Debt? A small price to pay. Filed under: Economics...
- grahambobby.blogspot.com/...it works there. Compared with VAT, collection would be trivial. They also say it would...third. This is soluble. Personal misery from debt is set to soar, especially in the ...
- theautomaticearth.blogspot.com/... about with Vat, pretending that... recession will be bad. But that it can deal...visible behind the grime on motorway vans...as they climb, the bad debt will put even more pressure...
- barry-julie.blogspot.com/... working on growing meat in... in huge vats from muscle cells...Schiff: U.S. is In Worse Shape Than Europe
- successnetwork.wordpress.com/... taking out a loan to pay the VAT bill. If you feel it is all going...time, get in some external help. Staying on top of your accounts helps you...
- accountantclub.blogspot.com/.... The rules are explained in Notice 700/18 Relief from VAT on bad debts and these will apply to you. If you use the basic or retailer’s turnover...
- theautomaticearth.blogspot.com/... debt levels, a..., the VAT cut and increased... on the high street.". UK recession will be worst since 1947 Britain's...
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