How many times can we be taxed on the same dollar and how long are we going to put up with this highway robbery?
This information is taken from a report given at the New York State Senate Republican Conference. Source:SFY 2009-10 Enacted Budget; Analysis of Senate and Assembly Democrat Budget Resolutions; and A Better Choice Budget Campaign — Revenue Raising Options.
LIST of TAX INCREASES is Below. It totals $18.7 billion dollars of increases.
Who do you think ends up paying all that?
If they tax big business, do you think Big Business is going to pass that extra cost to them on to their customers? Of Course.
These are just the newly proposed/enacted taxes for New York State for one year. So many want the government to pay for everything but, who is really paying? Just because something is given any one of the following names or any other name for example, does not mean that it is not an outright TAX:
Categories: 2009 Tax Increases NY, TAXES
Video Interview for TIME MAGAZINE with Robert Kiyosaki
Rich Dad Poor Dad
Click here to view video
Robert — “I don’t need a retirement plan because all of my assets produce income.”
Time Magazine Interviewer — “Are there some people who should play it safe, do the traditional route and just pick up a house, pay the mortgage?”
Robert — “That’s probably the most dangerous thing you can do.”
The middle class, which is disappearing, are the ones who are paying the taxes.
Robert Kiyosaki’s Poor Dad’s attitude was, “I have a PhD, the government will take care of me, save your money.…. But as you are saving your money the Federal Reserve is printing trillions of dollars. How stupid can you be? Invest your money for the long term in a well diversified portfolio of mutual funds. Send it straight to Wall Street so that they can pay their brokers 10 million dollar a year bonuses. How stupid does a person have to be? — wake up.”
Categories: 4 Things Keeping 90% Poor, 4 Things That Make You Poor, Kiyosaki - Conspiracy of the Rich, Kiyosaki on Retirement Plans, TIME magazine, VIDEOS
W2 Employees — How to Keep More Income
What is the biggest single financial obligation of each person in the USA? Taxes. With all the bailouts, and government spending we can be sure that our taxes will not be being reduced any time soon. W2 workers are taxed before they get their earnings. Then they are taxed every time they spend their earnings as well. Then they think that because they put some money into a qualified plan that is tax deferred, they are saving on taxes, but the reality is they will be paying more on taxes in the future when they try to use their savings. It is like having the choice of paying taxes on the bag of seed now, or paying taxes on the bag of seed and the harvest later on. Which do you prefer? Inflation, the printing of more green backs, is also a tax. We think inflation means the price of goods has gone up because they are now worth more but the reality is that the value of the dollar has gone down, so we have to spend more dollars to buy the same item. This means the government collects more dollars of taxes from us and our income level rises so our tax bracket gets higher so we have to pay more taxes because of that as well. People would be outraged if the government just sent them a bill for the actual amount of taxes they are truly charging them for each dollar they earn. That is why instead, they (the government) have created this hidden system of stealing our money from us, pretty much at gun point), with the threat of jail time if we don’t pay up and people feel powerless to do anything about it. This blog post will be looking at how to increase your net worth by just becoming a part-time home-based business owner, and withOUT necessarily making any more money. But making more is always a good thing, if you know the tax rules. Why own a home-based business? 1. Be your own boss. 2. Capture the power of residual income 3. Be rewarded for business achievements 4. Reap the tax benefits — This is a major major benefit. We all know that the more money we pay in taxes, the less money we get to keep. So let me ask you this, what can give you a better bottom line, a $2000 raise or owning a home-based business? Keep reading and you’ll guess and understand the answer. More »
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