U. K. tried raising their income tax rate to gain more revenue. Oops, didn't work, revenue down.
Yet another surprise found in the FY2013 Budget proposal from President Obama. It will raise the dividend tax rate to 39.6%.
22 Feb 12: UPDATE: Nearly half of Americans don't pay income taxes. Great chart from IRS.
Good example of the government taking your money to pay for someone else's purchase.
17 Feb 12: Congress has passed the payroll tax cut extension.
The Social Security program reserves will be empty by 2022, according to President Obama's budget proposal. Read carefully, the RESERVES will be empty. It's already calling IN the reserves now.
President Obama weighs in with his personal desire for a global minimum tax.
Are you still funding ACORN? It is still getting taxpayer funding!
One White House advisor says we need a Global Minimum tax. [NDAC Comment: Globalism => socialism, marxism, communism. Look them up in Wikipedia. Will this become a welfare world? U. S. is already a welfare state.]
Is Medicare going broke? Most analysts say "yes". [NDAC comment: Government is promising too much with no way to pay for it.]
We're learning about the President's budget proposal for FY2013. One thing it will do is increase taxpayer losses on TARP.
13 Feb 12: President Obama has submitted his Budget Proposal for FY2013 to Congress. Be sure to look at the "Historical Tables, especially Table 4.1.
By official definition, the U. S is now a welfare state. Fifteen percent of American population is on food stamps. This article explains further.
You are a taxpayer. President Obama says you will be forced to pay for Sterilization, Contraception, Abortions; either through direct taxation or insurance premium increases. Government taking your money to pay for someone else's condoms, surgery, and abortions!
President Obama projects $1.33Trillion deficit this year. He will submit his budget proposal for FY2013 on 13 February, it has lots more taxes.
Taxpayers Footing Cell Phone Bill for Millions of Americans. Another example of government taking some peoples' money and giving it to other people.
3 Feb 12: House votes to eliminate automatic spending increases in the federal budget.
Auto bailout cost revised up.
31 Jan 12: Congressional Budget Office reports another $1 trillion deficit.
The U. S. Government is funding special groups to go out and find more food stamp recipients. [NDAC comment: Spending money to find ways to spend more money!!!!!]
There are NOT enough rich people to solve the national debt crisis. And it really is a crisis. Your children will have to fix it.
26 Jan 12: The national debt ceiling has just been raised to $16 Trillion.
We've learned a lot about the 99%ers. But what do we know about the 1%ers? Seems the 0.1%ers and the 0.9%ers are at odds. Interesting story.
There are several, but here's one source of back taxes.
25 Jan 12: President Obama discusses his tax plan. It faces long odds in Congress.
[NDAC comment: In his SOTU speech, he presented a plan to reward corporations which bring their operations back to the U.S. OK, but in the same speech he described how the same companies would be penalized for being successful once their operations were returned to the U. S.]
26 Jan 12: President will submit his budget proposal to Congress, late.
25 Jan 12: Federal Reserve Bank says full recovery is years away.
Complying with our horrible tax code costs us $430 Billion per year. This is pure waste. It's non-productive! The Fair Tax Act would stop this nonsense.
Due to entitlements, a household of four making minimum wage has more disposal income than a family making $60,000 per year.
Japanese holdings of U. S. Debt is more than $1 Trillion for the first time.
The whole federal tax system needs an overhaul. But how do we get Congress to pass H.R.25 / S.13 to make it so???
The House of Representatives voted to block request for debt increase. But it doesn't matter. Congress already passed a law making the debt limit increase automatic. Read the article.
U.S. sells debt at negative yield ... that means at a loss.
Congress argues about how to pay for payroll tax cuts. [NDAC comment: Payroll taxes pay for Social Security benefits.]
Central banks are printing money, this is adding fuel to inflation worries.
Amazing corporate tax breaks in the $Billions! It's revenue loss to our government.
[NDAC comment: remember that taxation on corporations is just a cost to the corporation, and included in the price of their product. Restoring the tax on these corporations will increase the price of their product.]
The President requested $1.2 Trillion Increase in Debt Ceiling. That new debt will be on our kids. [NDAC comment: Isn't that child abuse?]
See/Hear what Representative Mike Kelly has to say about how Congress is handling the federal budget.
Our national debt is now more than our economic output, says Bureau of Economic Analysis.
Here is a great explanation of the debt limit increase. [NDAC comment: aka "child abuse".]
President Obama will be submitting his budget proposal for FY2013 shortly. This article provides a preview of what's in it. (Look past the headline.)
The IRS estimates that 17% of taxes owed never got paid. [NDAC comment: could fix that by passing the Fair Tax Act.]
Nearly $500 Million U. S. tax money to pay for abortions. How many? A lot!
The United States closes out 2011 with a $15.22 Trillion Debt, reaches 100.3% of GDP!
EPA new rules will result in job losses and higher electricity costs, and lower tax revenue.
Bloomberg web site to track Federal Reserve Bank lending. It's interactive and compares the borrowers.
Bloomberg tells all about once-secret Federal Reserve Bank crisis lending.
The December 2011 payroll tax-cut extension agreement will set up a fierce fight in Congress. It's only for two months! Then what? Pay attention, folks!
Corporation are gearing up for a major U. S. tax reform battle. It's time for the Fair Tax Act (H.R.25 / S.13) to get us out of this mess!
The federal reserve bank made many "emergency" loans to rescue banks. Now the taxpayers owe.
Millions lost in Medicare due to "phantom" medical company fraud. Well, it's a government run program!
"Romneycare", the model for "Obamacare", faces a financial meltdown in Massachusetts. Didn't Mitt Romney say it was good for Massachusetts?
21 December 2011: The U. S. House offered to negotiate a "long term tax fix". Senate leader Harry Reid says "NO"! And the deadlock is where?
NDAC Comment: "Payroll Tax" funds the Social Security Trust Fund, from which Social Security Benefits are paid. There's more on this.
U. S. Senator Coburn has release a new report about wasteful government spending, 2011 edition. It's your money those legislators are spending.
Wenzel Polls determined that a large majority of U. S. voters want the government to live within its income. Washington should immediately stop spending more than it takes in.
On 16 December 2011, the U. S. House passed a $1 Trillion spending bill. Not one of the Representatives read it!
30 Major U.S. Corporations paid more to lobby Congress than they paid in income taxes for 2008 through 2010.
Europe's offshore business tax reform will affect the U. S.
If Abound Solar is so successful, why did it need tax money bail out? Their main customers seem to be outside the U. S.
Yet another bailout needed? This time it's Federal Housing Administration. But there is a big argument about this one. Your evaluation?
One Federal Reserve Bank Branch Chairman says that central banks are not the answer to our debt crisis. Coulda fooled us!?!?!?!
Senate reject extension of the payroll tax cut.
Here is some insight on how the Federal Reserve Bank operates.
A great video for the new year. It's a full length feature. Don't miss it.
More government spending run amok. Why are we spending our money on junk?
Stunning testimony given to the Congressional Joint Economic Committee charged with fixing our tax system.
Congress approves a continuing resolution, $245 Billion spending bill to keep government running. More DEBT! More taxes!
18 November 2011: House narrowly rejected H.J.Res 2, a balanced budget amendment.
While some in the U. S. Government seek to promote jobs, the USDA takes anti-jobs action. More jobs mean more federal tax revenue. So why do this?
The U. S. Treasury Department boosts the estimate of auto bailout losses to $23.6 Billion. It's your money!
President Obama, on Friday 18Nov11, signed a "stoptgap" government funding bill. More here.
NDAC comment: all news outlets should identify the bill when they report actions like this. So just what bill was it that he signed?
The U. S. Government Accounting Office published this audit report about the Federal Reserve Bank "emergency" loans. Read it for yourself. You and your offspring will pay for the loans listed here.
Talk about tax loopholes! Check this on out just for the rich and famous.
NDAC comment: Close the income tax loopholes: pass the Fair Tax Act!
Another $433 Million wasted on useless stuff. It's your money! Your kids will pay for it.
Congressmen are proposing balanced budget amendments with no spending limit!!!??? You gotta read the bills, H.J.1 and H.J.2.
NDAC comment: Every Congressperson has submitted a balanced budget amendment just so they can tell their constituents they did. What a bunch of Pelosi!
No one argues whether we need to reform the federal tax code. It's a horrible mess. But "Obamacare" may be in the way.
It's common knowledge that corporations are federal government tax collectors. It's basically impossible to tax a corporation.
Here is a discussion about how to force corporations to pay their fair share.
National Debt increased in October 2011 more than $203 Billion. Your share of the increase is $650.
What else will Congress think of to spend your money on?
NDAC comment: Congress has already promised more money and benefits to more people and organizations than we can ever pay!
Lawmakers to Propose Transaction Tax for Financial Firms Modeled on Europe! How is that working out for Europe? Not too well.
Large scale bond purchase expected. Watch the Federal Reserve Bank for action.
A little noticed event: The national debt of the United States exceeded, for the first time since World War II, the countryÕs gross domestic product.
Aired on 28 October 2011, here is a link to the C-SPAN Video "Clash of the Titans" debate about solving federal budget issues.
U. S. House of Representatives passed new tax cut legislation. White House signals support for the bill. Now it goes to the Senate.
Repeat: this video is one of the best you'll see about our nation's financial situation.
Some think that fundamental tax reform is now unstoppable.
U. S. Senator Bernie Sanders reports on the audit of the Federal Reserve by the Government Accountability Office.
Boehner won't rule out balanced budget amendment that permits unlimited government spending.
NDAC comment: such an amendment would be meaningless.
The Medicar Commission imposed, on Monday, a drastic pay cut for your doctor.
Just exactly where are the big Federal spending cuts?
It's not just the protestors waging war on wall street. There's a new player now.
US Loan Goes To Company Building Cars in Finland. It's your money, what are you going to do about it?
Fed Governor Charles Plosser warns A lot of inflation" expected, thanks to the huge amount of dollars the Federal Reserve has put into the banking system.
Federal Reserve Bank in more bailouts. Not new, just updated.
Senator Reid says government jobs must take priority over private-sector jobs. Then who is going to pay for those government jobs?
The Bar Chart was updated on 14 October 2011, The Treasury Department released the FY2011 "Actuals" (in the September issus of the Monthly Treasury Statement).
More parts of the Healthcare Act are being stopped by President Obama.
On 7 October 2011, the Congressional Budget Office submitted this report to Senator Reid, about the American Jobs Act of 2011 submitted by President Obama.
During a Congressional Hearing on 4 October, it was strongly suggested that Congress scrap the U. S. Annual Budget Process.
[They've already skipped the last two years completely.]
President Obama claims that his "jobs" program will grow our GDP by 2%, and will cost only 3%.
The Community Living Assistance Services and Supports program, CLASS, is a zombie program that cuts the deficit. It's an illusion!
The Governor of The Bank of England says that the entire system of global trade is at risk.
Stephen Lerner wants a new financial crisis now. What? The one we're in is not good enough? Do we need another one?
The U. S. Senate proposes a 5% surtax, (extra income tax) on salaries over $1Million. That won't even dent this year deficit, and it will NOT create jobs.
World economic woes are spreading and dollar exchange rates are being affected.
Did your State get a Federal bonus for spending more on welfare?
U. S. may be worse off than Greece, analysis of economic indicators indicates.
The candidates all have their own idea about tax reform. [NDAC supports the Fair Tax Act of 2011, H.R.25.]
Rick Perry says that Social Security is a Ponzi Scheme. What's being said about his claim?
The Government is under NO OBLIGATION to pay Social Security benefits.
Revenue solutions: one popular approach is to tax the rich.
Rich people and high income earners (two different groups) consume more than middle class people and low income earners. The Fair Tax is a consumption tax, and thus taxes both the high income earners and rich people more than it taxes middle class people and low income earners." Income taxation does not tax "richness".
Some Government officials think it's time to "clean the tax code". We have heard this before!
Some insights about how government treats capital gains taxation.
Here are some reviews of the jobs bills results.
Senate Approves $500 Billion Increase in Borrowing Authority, using unusual procedure.
[NDAC note: it's getting so now that if Congress does anything in accordance with the U. S. Constitution, that would be an "unusual procedure".]
More information about President Obama's jobs bill.
President Obama gave a "jobs plan" speech on 9 September, called on Congress to pass the bill, and called us Americans to contact our Congressmen to urge them along. WHAT BILL?
Business leaders/owners make it clear what the Jabs plan need to be. Here it is.
Here is one organization's comprehensive list of new tax hikes.
Who is your tax advisor? Would you like to let the IRS do it for you? It's coming! Do you trust some IRS agent to do your taxes?
U. S. falls to 5th place in global competitiveness. Maybe it's because U. S. has highest tax burden on corporations.
The nation's debt may be more than $200 Trillion, according to some economists.
Now, of course, we also have a pension crisis. More government spending will be proposed.
More information about illegal workers getting your money.
U.S. Debt Held by Public more than $10 Trillion. Just the "publicly held part! And the increase in last two years is 59%.
There are 12 members on the Tax Super Committee. None represent you! This is taxation without representation. It's illegal.
Your tax money being paid out to illegal workers!
The U. S. Government is suing banks for doing what they told them to do! Here's more.
New proposed regulations would cost billions annually. Just what we need. Is this the jobs bill?
President Obama has nominated Alan Krueger to be his new chief economist. He is a Princeton University expert on unemployment.
The non-partisan CBO says the 2011 deficit will be about $1.28 Trillion. Who is going to pay for that? It's your children and their children, higher taxes on everything!
Our esteemed government officials owe lots of back taxes! Enough to bail out GM!
Press Release: Compliance With Complex Tax Code Costs Taxpayers $431.1 Billion per year.
How about this for bailouts! Wall Street got BIG, secret, loans from the Fed.
This is not news, but from a new source. Social Security disability on verge of "insolvency."
Federal Reserve said economic growth was "considerably slower" than forecast, as it sells more bonds.
The deficit averaged $110 Billion per month so far in 2011.
The Government doesn't pay for those empty flights, taxpayers do.
Here is a very dramatic way to visualize the debt.
Here is the complete individual income tax data for Tax Year 2009, IRS report. It Includes changes in this complex tax law.
Obamacare got the medical insurance exchanges model from Romneycare of Massachusetts. Heritage Foundation explains why they oppose it. And it didn't cut costs in Massachusetts.
This video explains the debt burden best.
U. S. borrowing tops 100% of GDP. Like your family having borrowed (credit cards and all loans) more than you can ever earn.
4 Aug 2011: The new, increased debt limit is almost used up in just one day!
Now that the debt ceiling is raised, the government will be repaying old debt with new debt.
2 Aug 2011: The wonderful debt relief law just signed sets up many new taxes and more epic fights on the Hill.
Another great example of socialism.
2 Aug 2011: Debt limit bill signed into law, in secret. No usual ceremony, cameras, press. Added immediate $400 Billion increase.
What you always wanted to know about how your Social Security payroll deduction money is being spent.
Now you can make clear comparisons between the various claims about domestic spending. Here is one source of comparisons.
Our government leaders set up the "debt limit deal" so they can get more tax hikes.
What have we learned from the debt deal debate? Here are five key things to keep in mind.
The Washington Post calls it the lowest common denominator.
1 Aug 2011: A deal on the debt ceiling? It is NOT a solution. It will have as much unintended side effects as the healthcare bill. Our interest payments will soar! - NDAC Director.
Analysis of Senator Reid's Debt Ceiling Plan exposes massive middle-class tax hikes.
Here is the Fourteenth Amendment. Does it authorize the President to dictate a debt limit?
The President wants a "balanced approach". He said it several times. NDAC believes this would be a balanced budget.
One writer's solution to the budget crisis. Is there really a crisis?
The debt limit was last raised in 2006. How did the Senators vote then? TAke a look: Congressional Voting Record, H.J.Res47.
More debt ceiling information from Senator Harry Reid.
What about a balanced budget amendment? Are there some lessons from history?
President Obama said he is against a balanced budget amendment.
13 July 2011: U. S. Treasury Department reports "Coffers Full Enough to Cover Entitlement Programs, Veterans, Federal Salaries, Interest - Without Borrowing a Dime".
We need a bi-partisan solution. Or maybe a non-party solution.
12July2011: Regarding the National Debt limit, President Obama says he cannot promise Social Security Checks.
Correct! He has nothing to do with it. Social Security is NOT part of the federal budget, and does not use money from the National Debt.
What do you understand about this debt limit issue? President Obama says "Professional Politicians' Understand Debt Crisis Better Than 'The Public". NDAC doesn't accept this.
Congressmen Float Automatic Wage Deductions to Pay Down the Debt. HR2411, July 2011. Just another tax!
As of 7 July 2011, it has been 800 days since Congress passed a budget.
Do you have some ideas about the National Debt? Tell them to the government leaders. But know this, they will NOT listen.
According to President Obama's Economists: The 'Stimulus' has cost $278,000 per Job created, and stimulated the National Debt.
U.S. caught China buying more debt than disclosed.
Senator says "Republicans May Be 'Gone' if They Support Debt Ceiling Increase".
Reality Check: Higher Taxes Simply Won't Solve the "U.S. Revenue Problem". [NOTE: This item is a conservative viewpoint. NDAC is non-political, but POINT: the U. S. does NOT have a revenue problem. It has a spending problem. (aka: Debt)]
Why is the economy not hiring?
We must repeal the 16th Amendment.
Economic Study Shows EPA's government regulations, will kill jobs and increase energy costs.
Mortgage lenders are performing well. Result: you are still bailing out banks.
China says U.S. "playing with fire" on debt delay.
Lack of buyers may force Treasury to boost rates.
Who Owns ÔBig Oil'? Maybe not who you think. Who gets all that profit?
President Obama's budget proposal for FY2012 didn't even get one vote in the Senate. It was unanimously defeated.
The Federal Reserve Bank (NOT a government agency) gave several banks "Crisis Gains" on Secretive Loans.
Federal Reserve Bank of St. Louis President James Bullard says US Must Fix Deficit Before Crisis Strikes. Calls it a debt bomb.
Treasury Secretary Timothy Geithner discusses the debt crisis. Who is at blame? Is there a solution?
The new healthcare law is beginning to look like just a "scheme" to do political favors. Too many waivers being granted, and too obvious about political affiliations.
Debt limit gimmick: Geithner halting investments in two government pensions.
How much does it cost to figure out taxes? Way more than you think!
Why the Balanced Budget Amendment Must Be Stopped. Say what?! Well, check it out.
U.S. Treasury to Sell $72 Billion in Long-Term Debt [May 2011].
Explaining the Deficit versus the Debt. This video tells the story.
Wonder where the budget deficit came from? This article is well researched; and has some surprises.
The Interest On The National Debt Is Our Biggest Problem, Not Healthcare.
Just who is paying taxes, anyway? Not the "rich" or low income earners.
Representative Scott points out that Taxing Those At $100,000 And Up at 100% Will Not Get Us Out Of This Year's Deficit.
Understanding the debt and proposed deficit reductions. This is a different way to examine the huge numbers they're throwing at us.
Government shutdown avoided at the last minute. What happened?
Instant fraud in the new Healthcare Law! Paid Out $2 Billion to Corporations and Unions, and more.
Libya-Owned Bank Got 73 Loans From Fed Discount Window - After Lehman Fell.
When the U. S. Government loses $84 billion, it's a big success.
We've Become a Nation of Takers, Not Makers
Foreign Banks Tapped FedÕs Secret Lifeline Most at Crisis Peak.
As the U. S. budget impasse continues, our government agencies operate in limbo.
Office of Management and Budget miscalculate budget for 2012. Budget proposal off by $2 Trillion!
War on taxpayers moves to the courtsWill taxpayers lose?
The U. S. Debt jumped $72 Billion on 15 March 2011. That same day, Congress voted to cut the spending by $6 Billion. How does that help?
Government delays on oil pipeline cost jobs, billions, increase prices.
More exposed details on the FY2010 spending; a special report.
Evaluating the proposed spending cuts: $61 Billion. What will be the impact?
Huge U. S. Government overpayment hidden until now. Will we get a refund? Yeah, right!
Government duplication wastes billions of dollars. Reuters about the GAO Report. Get the report.
Koch Industries speaks out about their "activism" on the National Debt.
Congress ... legislation within two years to dismantle Fannie and Freddie.
Billion of dollars of bloat found in government program overlaps.
China is the largest holder of our National Debt, and more than previously reported.
The Obama budget for FY2012: What's NOT in it for you.
Do you question or debate Flat Tax versus Fair Tax? They are totally different. Check this.
President Obama submitted his budget proposal for FY2012, $3.7 Trillion, says it has over $1 Trillion in cuts, where are they?
Congressional hearing on Federal Reserve "off-balance sheet" spending investigations by the Inspector General.
Testimony given to the House Ways and Means Committee, 20 January 2011.
More COSTLY CONSEQUENCES OF HEALTH CARE 'REFORM'.
Announced late last year, but now updated: Social Security goes bankrupt.
Where did the stimulus money go? What did it get us? Your kids will pay for it anyway.
IRS Reports that share of Fed Income Swallowed by Deficit-Coverage Borrowing Jumps 566% in 3 Years.
What do you think Congress should cut? This article has a good list.
Another list of new taxes and increases in Obamacare.
New law creates big tax headache for rental property owners.
Legistorm helps you track government transparency; such things as Legislative Salaries, CZAR spending, travel expenses, and more.
It is now 2011, many aspects of the Healthcare Reform Act have started. When you read this, think about who will pay for it.
About Bailouts and Public Pensions, what affect do they have on our economy?
A nice explanation of how "economy" works. What about the U. S. Economy?
The proposed reduction in payroll tax has some Social Security program advocates worried.
Congressman Ron Paul will head the new Domestic Monetary Policy Subcommittee of the House Committee on Financial Services when the 112th Congress begins in January. Look out, FED.
Taxing the "rich" for federal revenue may not be working too well. Maybe there's a limit.
Scathing FED report shows rampant problems we need to know about.
One of our biggest cost burdens is energy, fuel to deliver products you buy. And government wants to tax it even more.
Senate Bill S. 3827; is it a DREAM or a Nightmare?
Top Ten Budget Time Bombs.
America has been funded by capitalism. So what's going to happen now? Give it some thought.
President Obama's debt/deficit commission says it will hurt. Check the reactions. But will it fix the problem, or is it a trick?
Steve Wynn, a true businessman, has comments regarding the new taxes and state of the economy.
More changes in healthcare come from the big bailout! This covers it well.
New Healthcare Law reading. Have you read it? It is NOT what you think. Selective readings.
Social Security outlook update (22 October 2010): In 15 of Last 25 Months, Treasury Needed to Borrow Money to Pay Social Security Benefits.
Here's a new tax our leaders are discussing. Financial Transaction Tax.
Another new tax: this one is a "Global Tax" proposed by the U. N. It is endorsed by the U. S. Leadership.
2010 Sets Record For cost of government. It's not getting cheaper! Or more efficient. Or more effective at doing its real job.
It's now official; the Social Security Administration reports that more is going out than coming in. Here is the Administration Report.
The finance reform act will be signed into law shortly. 2300 pages. What new taxes hidden in this one?
Alert: the International Debt flag has been raised. Meanwhile, The Debt Commission report was briefed at the Governor's Conference on 12 July.
The IRS reports that it cannot handle the cost of processing and enforcing the new Healthcare Law. Link: NTA Report, see page 39.
U.S. marks third-largest, single-day debt increase ever.
Sources of more tax revenue, is a common activity of government. Here is part of how that works.
Unemployment Pay: Labor Department Estimates $7 Billion Overpayments.
More on the cost of the Healthcare Law: from the Congressional Budget Office.
The new Healthcare Law exempts Congress and The President, and their staffs, from compliance.
Are Overdue Reports Concealing ObamaCare Impact On Medicare?
New tax reporting rules leave IRS to mop up Congress's mess.
It's so bad that the IRS is requesting public input on the Expanded Information Reporting Requirement.
There are quite a few new taxes that will go into affect on 1 January 2011. This compilation and report provided for advance planning.
Congress wants to know where would you cut the budget to save money. Here is the link.
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