Paul Ryan

Commuting with Julie – GOP and Trump

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The GOP elite are endorsing Trump right and left.  Why?  How can you put your morals in a corner and ignore the standards of decency to endorse a racist?  Since when has Party Line been more important that having morals, values, and standards?

Commuting with Julie – Go, Dems, Go!

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The Republicans are calling it a stunt.  They want to go on vacation, but the Democrats are tired of our children dying because the wrong person was able to purchase a weapon.  Most Americans agree with the Democrats, but Speaker Ryan and the rest of the GOP love being able to scare their base with “Obama is coming for your guns” talk.  The gun manufacturers are laughing all the way to the bank.  When is enough enough?

Now!

A Week Of Economics

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For the next week, I’m only going to post videos about the economy. Ones that breakdown the myths that we hear in the media and from the pundits. A lot of them will be from Robert Reich – an economic genius.

Enjoy!

Romney’s 47%

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Back in May, Mitt Romney went to a Florida fundraiser and basically called the 47% of Obama supporters victims. His mistake was confusing the 46% of Americans who do not pay Federal Income Tax with the 47% of Americans who are supporting President Obama.
And, he said it to a room full of rich people who believe the same thing.
A lot of news casts have been focusing on the people who make up the 46%, but I don’t think that is the only lesson we should take from this. I think we should also realize that how Romney described Obama supporters is how Romney and other conservatives actually see us. If I had a dollar for every time a Republican has called me lazy when all they know about me is that I write a blog, I’d be almost as rich as Romney. I’ve been told to get a job, too.  People like Romney have been kept so far from normal people that they can’t understand how a working person might consider paying taxes as the price we pay for living in the greatest country on earth.
Rich people like Romney are really the ones who feel entitled. In trying to dig himself out of this hold, Romney has been saying that people need good paying jobs and he strongly suggests that President Obama would rather give handouts. But, the irony on Romney’s statement is lost on him and most Republicans : People like Romney are the reason there aren’t more good paying jobs in America. In the search for cheap labor, the so-called job creators have laid off Americans and moved their factories overseas. Then, they rake in the big bucks and demand to pay less taxes.

Last night, Romney’s running mate, Paul Ryan laid the blame of the slow recovery at President Obama’s feet. He claims that President Obama has failed and we “deserve a real real recovery.” But, Ryan is wrong. This is what recovery looks like. It took years to get to the recession and it will take years to recover from the recession. The last thing we need running this country are a spoiled rich boy and an Ayn Rand follower.

We need men who know what it’s like to work hard to obtain their dreams, not someone who’s father purchased his first house and someone else who went to school on Social Security benefits, but wants to cut them for everyone else.

Religious Liberty

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According to Paul Ryan – Congressman from Wisconsin’s First Congressional District and Mitt Romney’s running mate; “The Contraceptive Mandate is an affront to religious liberty.”

Apparently, Congressman Ryan doesn’t understand how religious liberty works in this Country. Your religious liberty ends where my religious liberty begins. If you don’t want to use birth control, then don’t use it. That’s your choice and your right. However; don’t stand in my way waving your religious freedom flag and denying me my right to make a healthcare choice.

Now, I can hear some people arguing that you can make your choice, as long as I don’t have to pay for it. This mandate does make birth  contraceptive a part of the insurance plan, so in a way, we’re all paying for it.  But, let me cut you off at the pass. I don’t want to pay for war and amazingly, with my taxes, I do. War is an affront to MY religious liberty, but I don’t hear anyone on the right trying to stop war. I don’t want to pay more in taxes so that a rich person can have a tax break. I don’t want to pay for oil subsidies and, yet, I do. I didn’t want to pay for TARP and, yet, I am. So, don’t give me this shit that “The contraceptive mandate is an affront to religious liberty.”

Because it isn’t.
Allowing anyone to deny a woman the right to birth control – that’s an affront to humanity.  That’s one step back for women’s rights and that, my friend, is unacceptable.

Herman Cain’s Tax Plan

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When it comes to taxes and being told what’s going to cost me more money and what’s going to save me money, I generally don’t believe the Press, or the person touting the plan.  What I do believe is taking what I pay in taxes now and comparing that to the new plan.

This is what I did when comparing the “savings” Paul Ryan’s plan touted.  This is what I have done with Herman Cain’s plan.

Now, there is something I’d like to add.  Mr. Cain has not made public a lot of details about his plan.  It is possible that I am making incorrect assumptions.  I am listing the assumptions that I have made before the comparison – if anyone knows for a fact that the Cain plan doesn’t do any one of these, please leave a comment and I will make adjustments.

  • No deductions: personal exemption, neither Medical nor the Standard Deduction.
  • Taxes on everything: food, gas, clothing and bills such as electric and cable.
  • Even though when I purchase my next home or car – and only if Cain’s plan passes – I would pay a 9% sales tax on the home or car, I did not include this in my car payments, nor in my mortgage payments.  I made the assumption that the 9% tax would not be retroactive.  Therefore; in my total spending, I did not include my mortgage nor car payments.

I picked last month for my spending.  I figured September is a typical month for me.  Some months I might spend more and some months, I spend less.  For comparison purposes, I included Paul Ryan’s plan in my chart.

 

Current

Ryan’s Plan

Cain’s Plan

Salary

$5,416.67

$5,416.67

$5,416.67

Insurance Deduction

$253.44

$0.00

$0.00

Personal Exemption

$291.67

$316.67

$0.00

Standard Deduction

$483.33

$1,041.67

$0.00

Taxable Income

$4,388.23

$4,058.33

$5,416.67

Federal Income Tax

$784.18

$1,014.58

$487.50

National Sales Tax

$0.00

$0.00

$399.09

Total Tax

$784.18

$1,014.58

$886.59

%

17.87%

25.00%

9.00%

This is based on one month’s salary and all the spending for the household.  In the month of September between bills (cable, electric, cell phone, etc.), food, household items and misc. items (books, software), I spent $4,434.30.

As you can see, I currently pay – each month – $787.18 in Federal Income Tax (after deductions, which really aren’t taken out until the end of the year, but I wanted this to be a fair comparison – apples to apples).  Under the Cain Plan, I will only have $487.50 taken out of my paycheck for Federal Taxes.  That’s a savings of $299.68.  That sounds pretty good.

But, wait – there’s more…

Once the addition of the sales tax on $4,434.30 of goods and services is paid, my federal tax bill is raised by $399.09 – almost $100 more than the initial savings.  This brings my total taxes under Herman Cain’s plan up to $886.59!  Clearly, the Cain Plan is not a winner for me.

Let’s deal with the critics on this.  I’m sure some people are saying, “Just spend less.”  Hmmm, nice idea, but then what’s the point?  If, in order to save taxes, I slow down my spending, then for what am I working?  What’s my motivation for earning more money?  What do I get and how does the economy get rolling along if I cut my spending in half?

Let’s say I only spend the essentials – cut out the extras, like eating out or my passion for books – what happens then?

Well, I would save $52.80 in taxes each month.  And, sure, I could sock the extra money away in savings, but who wants to live like that?  I don’t drive up to Brookfield every single day to not enjoy the money I spend.  I sock away savings and money for retirement, but then I enjoy life.

And, how will I pay for that next car?  Sure, I could use my savings, but when the average car price is around $20,000 an extra 9.0% in sales tax is really going to make a huge difference.  That adds – without any other taxes or licensing fees – and extra $1,800 to the price of my new car.

Perhaps, Cain’s plan won’t take food or, maybe, cars will be exempt.  Wouldn’t that be subsidizing certain industries and isn’t that one of the ways we ended up in this mess in the first place?

Here’s what I recommend – don’t take my word on whether or not you like the Cain Plan.  Do the math for yourself.  Figure out exactly how much more or how much less you’ll pay in taxes.  Come to your own conclusion.  That’s what we should really be doing anyway.  Checking out the plans and weighing our options.

Happy Calculating!

A Little Tax Tidbit

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Average Federal Tax Rates By Household Type

Take a good look at this chart – it is from a CBO Report – I am conducting research into a few tax myths and I came across it in a report.  I wanted to pass it on and share it because it proves my points.  Those of us who are childless on the ones that the tax burden falls mostly heavily on.  And, yet, the Republican – written by Paul Ryan – Roadmap for America wants to raise our taxes even higher.

Who do they think truly keep the economy going?  It isn’t the rich.  They aren’t hiring anyone.  It’s us DINKS (Double-Income, No Kids).  Our taxes and our spending make the economy go round.  And, the Republicans want to tax us even more!

GOP: Hard at work for the Rich, don’t care much for the middle class.

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Normally, I don’t post the same article here as I do on the front page, but I didn’t want this one to be overlooked. The Republicans are working hard to raise our taxes, while cutting the taxes of the rich and corporations.
According to Huffington Post, the Republican Party is all for raising taxes on you and me.  Actually, I didn’t need to read the article to know that, they’ve been saying it all along.  Paul Ryan – who is unfortunately, my representative in Congress – called the other night with one of them recorded messages.  He stated, “I work for you.”  Really?  Because your roadmap for America plan makes it seem like you’re only working for the rich.

Pay attention, here’s where I’m going to do math.

Current Ryan’s Plan
Salary $1,250.00 $1,250.00
Medical $63.36 $63.36
Taxable Income $1,186.64 $1,250.00
Federal Income Tax $212.04 $312.50
% 17.87% 25.00%

Under Paul Ryan’s plan, health insurance would no longer be pre-taxed. Under his plan, any single making more that $50,000 per year would pay 25% in Federal Income tax. The tax rate for corporate America? 8%.

So, basically, Ryan and his Republican cronies will be financing this country on the backs of the single people.  A family of four can earn $39,000 without paying one penny in taxes, while us single people will only be able to earn $16,000 without paying taxes.  That means that I will end up paying more in taxes – a lot more.  Under Ryan’s plan, I will pay $12,250.00 in taxes.  Under our current tax structure (and using the standard deduction and personal excemption), I only pay $9,917.85.  That’s a difference of $2,332.15.

Anyone who is single, shouldn’t vote Republican.  It’ll cost you in the long run.