Home > Posts > States look to Internet taxes to close budget gaps

States look to Internet taxes to close budget gaps

June 20th, 2011

State governments across the country are laying off teachers, closing public libraries and parks, and reducing health care services, but there is one place they could get $23 billion a year if they could only agree how to do it: Internet retailers such as Amazon.com.

Read complete story here …

  1. Rwolf
    June 22nd, 2011 at 12:28 | #1

    Even as the U.S. economy contracts, many States only solution to the economic crisis is spend more, borrow more—raise taxes (Now To Invoke Internet Taxes). While Americans continue to lose jobs the Obama added 123,000 federal government employees. Meanwhile many State employees in economically troubled States continue to enjoy high salaries and fantastic health and benefit packages most American workers can only dream about. It is clear that financially burdened States are headed on a course that will require stripping their Citizens of personal assets via higher and new taxes, taxing everybody and anything to ensure payment of their State employee salaries and fat benefits. Contiguously Congress will be forced to raise taxes to pay ever-increasing interests on mounting government debt. Cuba, perhaps more realistic than the U.S.,recently announced it was cutting the number of government employees 25%; terminating its policy of long-term state paid unemployment to prevent the Cuban government going broke.

    Last year the White House-created a panel to consider proposals to cut Social Security benefits including; upping again the retirement age for Social Security. In 2010 it was reported the Obama government proposed confiscating certain Americans’ retirement plans, and only pay annually 3% on seized investments. Under this plan, should both spouses die, surviving children would not be allowed to withdraw the money their parents saved; it is foreseeable under this plan, millions of retirees would be force to depend on and support a welfare state to survive. Obama’s “Deficit Panel also Proposed elimination of the home mortgage interest deduction—a sure bet to decimate what is left of the housing industry; related businesses and perhaps cause the collapse the current banking system already overburdened with non-performing loans. Why would most Americans want to incur the additional costs of home ownership if they couldn’t deduct the mortgage home interests; it would make more sense to rent. If Obama’s deficit commission succeeds eliminating mortgage interest deductions, homeowners will have to use (after tax dollars) to pay their mortgage payments; that will devour homeowners’ discretionary income making home ownership unaffordable, causing millions to default. Home buyers to offset the elimination of mortgage interest deductions, will find it necessary to have smaller mortgages; it is problematic home buyers would make low ball offers on houses, driving down home property values and property taxes local communities depend. Many local communities would go broke an or become dependent on federal assistance at federal Taxpayer expense.

    Congressional Democrats have been relentless to pass an unaffordable trillion-dollar health care bill that will raise taxes and greatly raise health insurance premiums, holding Americans hostage to rising health care costs, including skyrocketing costs that result from labor union demands in the health care industry. While millions of hard working Americans won’t qualify for government assistance, forced health insurance premiums will be used to subsidize the medical costs of treating drug-addicts, crack-heads, alcoholics and other non-productive members of Society. It is foreseeable the Obama administration may next want to provide those people with free housing at taxpayer expense.

  2. Your Brother
    June 22nd, 2011 at 20:40 | #2

    Get Everyone “Walking The Talk”

    Unquestionably, talking about beliefs and good intentions is easy – there’s not much effort involved at all. BEHAVING those beliefs and principles, however, is another story.

    One of the key principles is CHARACTER, and here are some definitions for your consideration:

    Commitment
    Honesty
    Accountability
    Respect
    Attitude
    Courage
    Trust
    Ethics & Integrity
    Responsibility

    If members of government organizations would live these principles, states could build the foundation for sustained personal and professional success.

Comments are closed.