President Obama's Deferral Proposal: Hamstringing American Companies, Reducing American Jobs

[getgene]

There is a better justification for Obama's destruction of our economy. It is his mission to do just that. Just look at actions and stop trying to ascribe rational error being made. .He is moving to end our system which permits individualism, entrepreneurialism, and self governance.

Forget the non-argument of: he didn't start stupidity.  Aside from being illogical, the movement of Progressives/Marxists is nearly 100 years old. Now, they are "all in" as the time is right.

[Shadowdyce11]

@getgene You're kidding right? You do know that under Obama our GDP and Corporate Income have been going UP, right? And you do know that our economy started to decline after Reagan began deregulating corporations... right? Don't get me wrong, the CIT is WAY too high, but other than that, it's a good time to be a board member.

[getgene]

There is a better justification for Obama's destruction of our economy. It is hismission to do just that. Just look at actions and stop trying to ascribe rational error being made. .He is moving to end our system which permits individualism, entrepreneurialism, and self governance.

Forget the non-argument of: he didn't start stupidity. Aside from being illogical, the movement of Progressives/Marxists is nearly 100 years old. Now, they are "all in" as the time is right.

[ZelbeQahi]

Unemployment and job exports did not begin with Obama. They were initiated during the Reagan era of deregulation on corporate and SEC regulations that opened the floodgates for "Tony Montana" type businesses that end up running sweatshops around the world! Take responsibility in your support for conservative and Republican congressmen that own stock overseas and keep you unemployed. Obama, like Bush, are not soley responsible for you keeping the good ol'boy fatcat system alive!

[RoboJesusChrist]

I like all these fools who think that in order to 'maintain our competitive edge' we have to slash wages and benefits on all workers until there's basically no difference between the US labor market and that of some third world state. Oh yeah, and slash taxes on corporations that pay basically no taxes already. In this wonderful right-wing utopia, you all would be working for pennies a day in a poisoned deregulated industrial wasteland, a veritable return to the robber-baron era.

[groov539]

To all you young 0bamabots. WAKE THE F*** UP and realize that support for 0bama is support for YOUR unemployment.

[oilhammer04]

What a great way to further hinder the economy and drive businesses away. I think Obama wants to destroy America economically and remake her in the image of his Marxist dream.

[fahy93]

SOCIALIST BASTARD

[fortsmith1]

Obama is a Communist. That's why he is trying to control all corporations.

[huntoon]

Great Video. We either learn it now, or learn it later...

[hoodoo961]

It is true that the United States has a higher corporate tax rate than European nations. But Europeans pay significantly higher PERSONAL taxes.

[hoodoo961]

Comparative advantage, not competitive advantage.

[dcraneathalpc]

This guy claims double taxation and then admits that foreign taxes are a tax credit. Huh? Then he claims the REAL problem is high corporate tax rates in the U.S.! Duh. He is, to say the least, disingenuous with his double speak. It has nothing to do with "deferral." Shame on him.

[monkeypaw64]

You should watch again. He says that even the Congress realizes that double taxation is bad so they allow tax credits. He was just explaining what the worldwide taxation means.

And it does have to do with deferral because companies now can defer some taxes making their effective tax rate that year lower. Obama's plan is that companies pay all the taxes now.

They wouldn't owe that money at all if the US didn't tax overseas profits. But it's better to pay later than now since they do.

[guatay]

Foreign nations decrease their tax rates, & we (U.S.) increase ours! So dumb & so much for maintaining a competitive advantage. We need leaders willing to benchmark foreign nations for best practices in taxation, such as Ireland for example. Cheers!

[yourboycal]

/watch?v=HcFUpZdffSs

more here !

subscribe =o

[Questfortruth86]

But if I make below $35,000 in income, I don't get taxed at all. If it wasn't for credit, my purchasing power would fall dramatically. But this extension of credit creates consumer bubbles, and credit-expansion to producers creates production bubbles, such as real-estate bubbles. And puts banks in illiquid positions.

[grudgekeeper]

Sonny, i think most liberals look to history to support thier claim that cutting taxes does not work. Its what you actually spend the tax money on.

Every time in the past 100 years of our economy that there has been more then one administration of republicans in the white house both the housing markets and the banking sector has crashed.

Right now, late 80s, mid 70s, and the great depression.

You can make up your reasoning but you cant deny preceding was 2 republican administrations.

[Questfortruth86]

"Sonny, i think most liberals look to history to support thier claim that cutting taxes does not work. Its what you actually spend the tax money on."

Okay, back this claim up, I want to hear this. High taxes disincentivize saving, increasing the marginal propensity to consume. Leading to declining capital accumulation, which must be boosted by artificial injections of credit. This credit creates massive imbalances and eventually crises. High taxes are one of the causes of this mess.

[grudgekeeper]

Quest, history is more or less not up for debate it is what it is.. And what it states is that when the republican econimic philosophy has been applied for the past 100 years, the housing and banking sectors have crashed.

One exception was 1901 - 1909 Roosevelt who waged a war on big business, primarily big banking and he did not crash either.

[Questfortruth86]

"Quest, history is more or less not up for debate it is what it is.. "

What? When were taxes ever low? They weren't low under any administration since the introduction of the Federal Reserve. Ever since we abandoned the gold standard the government has continued deficit spending and increases on taxes. Republicans don't cut taxes. Income=unconstitutional. How does increasing taxes help banks, when it dicentivizes saving? That's just counter-intuitive.

[grudgekeeper]

Quest, again .. history is not up for debate, i know you cant possibly be suggesting that republicns crashing our economy for the past 100 years is just a coincidence? Really? How come over the same 100 years no Democratic ever proceeded our housing and banking industries crashing?

[Questfortruth86]

Let me get this straight, you blame republicans for this financial mess because they didn't increase taxes? How does that make any sense? How does taking money away from small businesses, away from workers, create financial instability? And history is clear on this, it just doesn't support your claim. 1946-1969 abolishes your position. This is the problem, people who don't know anything about economics make such absurd claims without doing any kind of investigation. Economics is a science.

[grudgekeeper]

Quest, Reagan raised them to late..

I was just pointing out that republicans have been at the helm for 2 or more administrations every time the housing and banking secters have crashed the past 100 years.. Its worth noting.

[Questfortruth86]

The housing and banking industries crash because they are fed money through the banking system. Causing them to over-invest and over-create, creating massive bubbles which eventually collapse. How someone could somehow link not raising taxes to this mess is beyond crazy. Business cycle theory is very complicated, I've spent 4 years studying it, looking at the facts and the information. And yet people who are completely unfamiliar with economics feel that they understand something this complicate

[grudgekeeper]

Quest i totally understand the housing and banking bubbles. Again 100 years, 25 administrations have passed through the white house in that time and every single time republicans have had it more then one administration, the housing and banking sectors have crashed.

I dont disagree with your thoughts on it, i just think your philosophy applies to neither party. I'd join the party it did apply to, but unfortunately it does not exist.

[Questfortruth86]

"Quest i totally understand the housing and banking bubbles."

No you don't, not at all. I could try to explain it to you, but it would require me to explain 4 years of studying and work in a 500 word response. I can tell that you have no idea about how economies operate. There is supposed to be an equilibrium, a balance, between prices and interest rates. When this balance is disturbed interest rates fall to low, creating massive over-investments and bubbles. These bubbles eventually pop.

[grudgekeeper]

And yes i understand this.. but again your speaking common sence and logic which again neither party is apart of.

[Questfortruth86]

In fact, history has shown us, that massive tax cuts and cuts in government spending cause periods of enormous growth. The period after world war 2, and after FDR saw massive income tax reductions, and cuts in government spending. Lead to the second largest period in American economic growth. But taxes were still much too high, just not 91%. FDR's policies made sure the economy didn't recover for 14 years, and the stock market took 22 years to recover.

[grudgekeeper]

FDR gave us consistent recovery, your argument is that it was not fast enough which is not an argument at all.

I agree lower taxes are nice as long as the spending of the taxes taken are actually spent in ways that invest in the country.

There are times where we must raise and lower taxes. Even Reagan knew that, he raised taxes on the the rich only twice in his second term .

[Questfortruth86]

"FDR gave us consistent recovery, your argument is that it was not fast enough which is not an argument at all."

In 1939 the unemployment rate was 20%, in 1937, 1938 gdp was -7-9%. The facts constantly contradict your claims.

"Even Reagan knew that, he raised taxes on the the rich only twice in his second term ."

Exactly, Regan raised taxes, so how again are the republicans responsible for this economic calamity? Both parties raise taxes, and yet republicans are at fault?

[grudgekeeper]

You did not bother to note the unemployment rate and the gdp when FDR actually took office, you skipped his first term. lol very creative.

[Questfortruth86]

FDR took office with a 15% unemployment rate, in 1939 it was 20%, that's 6 years into his term. In 1937 -1938 we had a depression in a depression. The stock market didn't climb to its 1929 levels till about 1954. After FDR there were massive tax cuts (which was still too high) and massive cuts in spending, lead to the second largest period of American economic growth.

[silentmajor]

one could conclude that Obama has some sort of plan to make the economy worse. I'm sure we're all going to find out real soon since the impact of his policies are beginning to have there affect. Things seem to bo getting worse rather than better. His administration does'nt seem to be concerned at all with what others think. I think that he'll solve the imigration problem, because there won't be any advantage in coming to the U.S.A. by the time he's through!

[louis12346]

Buy your New GM Car made in China---_Pay your Carbon Tax

[draussie]

Maybe that is the great Obama plan. Bankrupt US into the poor house so that the Arabs can come to her aid.

[apauledsuxcock]

Lobby for worldwide fair labor before imports can enter America douche bag.

THESE COMPANIES left America and fired American workers to become "multinational" I say we don't give back to them at all!! They want a tax break- bring the jobs back to America Don't be fooled by these double dipping assholes. They would use any tax and NAFTA to keep from paying any tax. They use America as a safe haven for family - they use our resources and then they lobby to defer any pollution controls.

[jjorge730]

Man these videos are just awesome, commom sense and saves me time to educate people on what free market capitalism should be and how intrusive our government is on us American entrepreneurs trying to be financialy free. We are taxed twice for being American citizens how the hell is that going to make us prosperous?!

[grudgekeeper]

jjr. The government is going after big business in general. I'm surrounded by small businessmen in my area. Smaller business are just hanging in the wings waiting to fill the gaps of overpowering multibillion dollar businesses. Its the big businesses that currently stifle the smaller ones. If theres a need in this country regardless of the economy, someone will rise to the occasion.

[jjrglobal]

What would be the incentive? To get to the higher tax rate? Answer the question, How do you personally benefit from the federal government ?

[grudgekeeper]

jjr, i was self employed for 9 years, both my brothers own their own businesses, i understand small businesses clearing 3, 4, 500k a year. As long as people can put more cash in their pocket they will work to do it whether they take home 80 percent or 60 percent of it. Bigger businesses will do the same, thats what capitalism is all about.

[jjrglobal]

What about multinational businesses like Halliburton, Seagate, Cooper Industries, Accenture, Ingersoll Rand, Noble Drilling, Nabors Drilling, Global Crossing, and Tyco that have already moved their headquarters because of taxes? No one is going to take their place. Mom and Pop aren't going to go out and buy $500 million dollar rigs and start drilling, nor are they going to build huge manufacturing plants to make tools. These companies still have their market share they just moved to low tax ctry

[jjrglobal]

Big Corporations would be stupid not to move their headquarters offshore. They won't have to deal with any US government BS, no IRS audits, no middle of the game rule changes. There are other countries that appreciate businesses and dont bitch and harass business all the time.

[jjrglobal]

You honestly believe that small business has the capability to just step in and take the place of multinational companies if the headquarter in another country? First of all the multinational corp, will not lose any business, in fact they will gain more market share because they wont have to pay US taxes enabling them to service their customers better. How will a small business be able to compete with this disadvantage? We will lose our position as the world leader in business for what? Gov BS

[grudgekeeper]

your argument is all over.. In your hypothetical did big business leave the US or did it stay to bash small business?

The bottom line is most of these companies cant move, their customers are right here. In your theory explain why foreign companies like the car manufacturers like Honda, Toyota, etc etc actually moved their companies here to the US?

[jjrglobal]

The examples I gave are not hypothetical, these companies have already moved their headquarters to other countries. They will leave plants stores shops and offices here, but their headquarters will be offshore. They will still service customers in the US, but the high paying executive jobs will be elsewhere and so will the executives. This way foreign profits won't be taxed twice and the execs will have a lower tax rate too. What do you do for a living?

[grudgekeeper]

This is the thing, there will be execs in this country and every store in the country has to pay taxes to this country on their sold goods. I'm actually a project manager at a company named Sanofi Pasteur that functions in this way and is based in France. If you sell product in this country you pay taxes in this country out of the offices selling the goods.

[jjrglobal]

Really you work for Sanofi, My wifes a ped doc, we used to do business with you guys before we closed her clinic.

Anyway, that is not what Obama is proposing, he is proposing that foreign subsidiaries of companies headquartered here would have to pay taxes in the country where the profit was made and then have to pay US taxes on that money as well. The same as if France made Sanofi pay corp income tax on its US operations. The corps will be double taxed. No other country does this

[grudgekeeper]

Its already like that.. These headquarters or subsidiaries in the Camen Islands. We ask for 35 percent, if the Islands tax is 10 percent then we want 25 percent. No more then the 35 percent we ask for in total. If they pay the Islands 35 percent then we ask for nothing.

Our tax system is a pain in the ass, but in the end the base tax amount is more then most countries, but other countries dont have the deduction system we have. So it starts at 35 percent and ends up at like 15 to 25 percent.

[jjrglobal]

If it's already like that, then what exactly is Obama proposing. As I understand it the corps headquartered here will be taxed in the country where the subsidiary does business and then taxed the full US corp tax rates on top of that. Did I misunderstand? Either way, how can anyone defend giving these incompetent assclowns in DC more money? They flaunt their disregard for taxpayers money every day. Rumsfeld said in 2001 that the DOD could not account for 2.3 trillion for the year 2000 budget.

[grudgekeeper]

I honestly think Obama is doing it the correct way. Hes hitting all the companies that are not paying their taxes by hiding in other countries. The money that can recouped this way i think will be astronomical. If the top 10 percent is making 90 percent of the countries money and 3 or 4 percent of them are hiding their incomes in the islands, then imagine how much is being lost. When most of its recouped i think the taxes on corps can be lowered for all and still bring in more revenue.

[grudgekeeper]

as far as ive understood it the only idea hes actually acted on is looking at our tax code and hireing 800 more IRS agents to go after big business tax evasion. So much is going on its tough to keep track of it all. Hes moving like a frigging freight train in the first 100.

[jjrglobal]

How can anyone think that hiring additional employees for the most corrupt, violent, secretive, unconstitutional, and un American agency in this country is a good thing?

The IRS is nothing more than a mob collection gang for the Federal Reserve banking cartel.

[grudgekeeper]

I definitely understand your point. I honestly dont think they are all that bad if they were led right and if the tax code was not so rediculous. I remember i think it was back in 2005 HR Block screwed up their own taxes.

I do know that Bush had another approach though which you would find just as humorous, he hired extra IRS agents just to target the small business men that were not paying taxes, he never even mentioned all these tax havens.

[Questfortruth86]

There's no such a thing as a "good" income tax. Income taxes are unconstitutional, and immoral. Right now, in New York, I work 6 months out of the year just to pay the federal government; and what do they do with my money? Spend it on wars, bail-out losing unprofitable companies, and invest in "homeland security."

[grudgekeeper]

no one pays 50 percent on their income even before write offs and loop holes.

[Questfortruth86]

37.5% marginal income tax+10% state tax+consumption taxes.

[grudgekeeper]

ahh .. yea your counting everything. So many other countries get so much more for that amount of money. Thats us voting Republican under the lower taxes umbrella and then having them constantly going to war.

You know what happens when we invest 500 million in a hand full of bombs and then toss them over our shoulders in the middle east?

They blow up and the tax money is gone.

I hear ya though, i think we are all sick of paying taxes and what they are spending it on.

[Questfortruth86]

What are the democrats doing? How is Obama's policy any different than Bush's? He wants to expand the war in Afghanistan, and start one in Pakistan. Trying to invade Afghanistan is like trying to invade Mars, pointless, and a big waste of money. All governments are inefficient and manipulative.

[jjrglobal]

. What is going on that Obama doesn't like is banks have subs in the Caymen's that lend to foreign business and they don't pay any tax on the income they generate, so Obama want s them to pay 35% corp tax. But he doesn't differentiate the banks from businesses like GE, that have overseas operations and plants that do pay foreign tax. He wants them to pay Chinas corp. tax and then the US tax on top of it, putting these corps at a huge disadvantage to their foreign competitors

[jjrglobal]

So the question is why would a company like GE remain HQ in the US? Why not move to another country and only have to pay one tax and then have subsidiaries in the US to handle business here.

But how can you justify giving any more money to the idiots in DC, given their track record of pissing it away. Giving DC more money will create bigger gov. and more control by bigger gov. What kind of society do you want to live in?

Force and Violence? or

Freedom and Prosperity?

[grudgekeeper]

Not to mention S-corp status etc. The last year me and my brother had our own businesses back in 2001. We did the same thing, exact same percentage of overhead due to the product we were selling, the only difference was the end year sales due to location. He made that year just over 120k, i made just over 55k. He was S-corped i was not. He paid just a touch over 16k taxes, i paid a touch over 15k. Screwed up huh? I paid 2ce the tax percentage he did and it only gets crazier higher up.

[jukinj3]

Liberals believe that increasing taxes on cigarettes and energy will curb the use of them. However, they also believe that taxing investment and work will make people do more investing and work.

Yes it is a mental disease.

[grudgekeeper]

i honestly dont beleive the cigarette thing is partisan doing. And both parties tax income, liberals just beleive that the rich should be paying the same percentage as the middle class.

[Questfortruth86]

"And both parties tax income, liberals just beleive that the rich should be paying the same percentage as the middle class."

But the rich pay a much much higher percentage than the middle class. The top 1% earners pay 40% of the taxes.

[grudgekeeper]

Quest, they should be paying more then 40 percent since ofcorse they have more then 40 percent of the money. If the percentages were fair, if they make 80 percent of the money then they should be paying 80 percent of the taxes.. Not rocket science.

[Questfortruth86]

"Quest, they should be paying more then 40 percent since ofcorse they have more then 40 percent of the money."

No they don't, they have 34% of the money. But they are the greatest risk takers, if we don't reward risk, why bother?

"If the percentages were fair, if they make 80 percent of the money then they should be paying 80 percent of the taxes"

How is that fair? Why is it fair to rob someone who works hard, took a lot of risk, and succeeded? Is this the lesson for our children?

[grudgekeeper]

"No they don't, they have 34% of the money. But they are the greatest risk takers, if we don't reward risk, why bother?"

Quest, are you actually suggesting that the more risky inverters are the more government should help finance thier investments? Isent that why we are in this mess right now?

[Questfortruth86]

No, we're in this mess right now because the Federal Reserve expanded the money supply artificially , causing banks to over-extend credit, and create major disproportionalities between prices and interest rates. Cutting taxes doesn't mean financing their risk, it means not stealing from the fruits of their labor. Risk is the backbone of our economic system, it's why America has been the super-power it is. It's why we invented everything. Why punish this?

[grudgekeeper]

Quest, rewarding the rich for risky investments with lower taxes while not rewarding someone in the middle class range for making the same investments is not fair no matter where you come from.

This is a world where i can invest in the same things someone with 1 billion dollars does. Under your thought process even though i may risk a higher percentage of my income someone investing more should pay less taxes in their profits. Now thats income redistribution if I've ever seen it.

[Questfortruth86]

"Quest, rewarding the rich for risky investments with lower taxes while not rewarding someone in the middle class range for making the same investments"

What? I'm saying that no one should be penalized for taking risks. Not middle-class, lower-class or upper-class. You want to punish those who took risks and were successful, but why take risks if it there's no reward? Your logic is extremely shaky.

[grudgekeeper]

No dont punish anyone or overly reward anyone.. Expect everyone to pay the same in their profits regardless of the amount profited.. I dont see how thats to much to ask. There can be a serious argument made that say the stock market for example. Is only risky because of the amount of people playing with it with day trading, hedge funds etc.

[Questfortruth86]

"No dont punish anyone or overly reward anyone.. Expect everyone to pay the same in their profits regardless of the amount profited"

Okay, so everyone should pay the same amount of taxes, why then should the top 1% income earners pay 40% of the nations taxes? Really 50% when you include state taxes. Taxes only punish, they don't reward. Saying that Top income tax earners will somehow be rewarded by seeing their taxes come down to the middle-class level is a contradiction.

[grudgekeeper]

Your twisting the numbers.. let me simplify it for you since you insist on flipping to to the percent of people to the percent of taxes they pay..

Lets say taxes paid after deductions and loopholes is meant to be 20 percent.

If you make 50k a year you should pay 10k in taxes.

100k you should pay 20k in taxes..

If you make 100 million you should pay 20 million in taxes, not 10.

[Questfortruth86]

What? I make $120,00 a year, my income tax rate is at 37.3%, I pay 10% taxes to the state. That's $56,400 payed automatically to the government. Then my investments are taxed by 10% (dividends), and 15% (capital gains), and these taxes are not adjusted for inflation. So if inflation is around 5%, if my returns are below 5% I'm in the red 10%. Meaning that my nominal returns must be at least 20% for me to make break even. Why then should I invest? + consumption taxes. I see about $37,000.

[grudgekeeper]

Quest your numbers are a little fuzzy or your not counting any wright offs at all.

I was self emplyed for 9 years. Me and my brother both were in the same business. We had the same percentage overhead with the only exception being location which is key ofcorse.

He made just over 120k, made just over 50k the year we compared. I paid just over 16k in taxes and he paid just over 15k. Same accountant. This is our bottom line taxation in this country.

120k in NY, we both know that's crap. Move.

[Questfortruth86]

One more thing I just want to clarify, when I say tax cuts, I mean tax cuts across the board, for all social classes. I personally will never be happy until the constitution is restored and the income tax is abolished.

[jjrglobal]

@grudge

Yeah, it's that kind of bullshit that really pisses me off. I'm sure when you started you didn't even know what an S corp was, I know I didn't, and you only have 90 days(I Think) from time of incorporation to file the proper paperwork to become an Scorp, otherwise it's a pain in the ass.

[RPMenefee]

Corporate Taxes are an Oxymoron - Any taxes a corporation might pay are passed directly to the consumer. Taxes go up, prices go up.

[FireThunderTV]

Obama took over the banks, the automotive industry, and now he wants to take over education. Next it will be health care, and who knows what else. Freekin' commie marxist pig!

[grudgekeeper]

I cant get past this guys first point since its based on untruth. If an american company is subject to say a 35 percent tax and they are paying another country 10 percent tax, all the country asks from them is 25 percent never to exceed the 35 percent. The other major fact that hes not mentioning is that that 35 percent is before all the write offs which will cut most of that in half. Other countries dont have that benifit. This has to be an Enron video.

[jjrglobal]

How can anyone defend giving another nickel to this wasteful, inefficient, incompetent, incapable, government ?

If I owned a multinational corporation, we'd be packin our shit and heading for a more business friendly country to have headquarters, as I'm sure many will do.

[grudgekeeper]

jjr. when they do .. other smaller local businesses will fill the need left by the businesses leaving.. Thats the American way.

[jjrglobal]

No they won't. Who in their right mind would start a business in the second harshest business environment on earth? What the high tax rate does is stifle entrepreneurship and innovation and grows the size of government. How do you benefit from the Federal government?

[TakeBackVermont]

You are so racist! How dare you speak out against the almighty Obama?

[robotsworld1]

Almighty Obama!??  LOL!!!

[jukinj3]

Why does Obama hate Americans/

[robotsworld1]

Some might say because he's NOT American

[draussie]

Cause he is part muslim. Duh!

[TheNomadicMonad]

Lol, corporate propaganda to keep record profits going. And @ "companies from other nations". Since when was it that way around? Are the Africans exploiting US resources xD? The corps don't even want to pay taxes after they laid off workers and moved away to exploit cheap labor in developing countries.

[jjrglobal]

@TheNomadicMonad

LOL you actually believe Venezuela is a shining example of how a country should be run. Why don't you just get yourself a plane ticket and head on down to Chavez country, you fuckin commie.

[TheNomadicMonad]

@jjrglobal

I never claimed that? I'm simply criticizing laissez-faire capitalism, which is another way of saying "let companies do what they want, fuck the community and economy which they affect".

You've swallowed the free market dogma by the hook, line and sinker.

[iamonlyse7en]

Another fabulous video.

Keep these up, they're so important.

[northduc]

My favorite line by Dan Mitchell in this video regards politicians and tax revenue: " Politician's love tax revenue, it's like crack to them."

[migkillertwo]

yeah, I didn't see that coming :P

[cajunstrat]

Obamabots don't care about the harm that their tax policy does to tax payers.

Reason: Obamabots don't pay taxes.

(Source: Obamabots in Obama Administration)

[DolphinFilms]

Please Dan don't promote the "flat tax" and "fair tax" scams, they are neither flat nor fair. How about get rid of the "income tax" and replace it with nothing.

[migkillertwo]

there has to be a working government to maintain the rule of law.

[17Spartacus76]

Income tax is not required for have that. And even the necessity of a government is debatable.

[migkillertwo]

the debate over whether we need government was settled about 8,000 years ago when humans formed the first cities realizing that mob rule was a non-starter.

[17Spartacus76]

I'd study history a lot closer then if that's what you actually think. Those people were ruled by tribal lords, kings and other forms of coerced hierarchy.

[th3lonius]

Are you kidding?

Those humans never voluntarily formed a government for the sake of enforcing the law and dispensing justice collectively. The first government I'm aware of to be formed for that purpose was, oh yeah, the United States.

Through most of human history people have been ruled (read: exploited) by sun kings, or Great Pirates to use Bucky Fuller's phrase.

[jjrglobal]

@mig

If maintaining the rule of law was all they were doing it goddamn sure wouldn't cost 3 and 1/2 trillion fuckin dollars. The government overstepped it's bounds a 100 years ago. Pretty soon we will have to face reality and shrink the size of this out of control government or become a totalitarian state.

[jayniesgottagun]

... or it will be done for them.

[JohnJ2427]

They'll find some way to claim that this is racist.

[PilatusPorterPC6]

I SECOND that!!!!

[grraadd]

G.Brown would also love that legislation being introduced in EU... just like all those F#*#*NG socialists.

[swankrecords]

CATO? Did he fight Bruce Lee?

[anonbtardgif]

lets just get rid of IRS income tax is unconstitutional