Author: jerseygirltoday

I'm a Navy Veteran and Jersey Girl from birth, but just because I live in a "blue" state doesn't mean that my politics lean that way! I am a Conservative & life-long American Patriot who loves God & Country. I currently live in central NJ with my husband (also a USN-Retired Veteran) and a house full of rescued and loveable dogs & cats. God Bless America!

The Tax System Explained in Beer

Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this…

The first four men (the poorest) would pay nothing. The fifth would pay $1. The sixth would pay $3. The seventh would pay $7. The eighth would pay $12. The ninth would pay $18. The tenth man (the richest) would pay $59.

So, that’s what they decided to do.thCAA7SJSU

The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve ball. “Since you are all such good customers,” he said, “I’m going to reduce the cost of your daily beer by $20″. Drinks for the ten men would now cost just $80.

The group still wanted to pay their bill the way we pay our taxes. So the first four men were unaffected. They would still drink for free. But what about the other six men ? How could they divide the $20 windfall so that everyone would get his fair share?

They realized that $20 divided by six is $3.33. But if they subtracted that from everybody’s share, then the fifth man and the sixth man would each end up being paid to drink his beer.

So, the bar owner suggested that it would be fair to reduce each man’s bill by a higher percentage  – the poorer he was, to follow the principle of the tax system they had been using, and he proceeded to work out the amounts he suggested that each should now pay.

And so the fifth man, like the first four, now paid nothing (100% saving). The sixth now paid $2 instead of $3 (33% saving). The seventh now paid $5 instead of $7 (28% saving). The eighth now paid $9 instead of $12 (25% saving). The ninth now paid $14 instead of $18 (22% saving). The tenth now paid $49 instead of $59 (16% saving).

Each of the six was better off than before. And the first four continued to drink for free. But, once outside the bar, the men began to compare their savings.

“I only got a dollar out of the $20 saving,” declared the sixth man. He pointed to the tenth man, ”But he got $10!”

“Yeah, that’s right,” exclaimed the fifth man. “I only saved a dollar too. It’s unfair that he got ten times more benefit than me!” “That’s true!” shouted the seventh man. “Why should he get $10 back, when I got only $2? The wealthy get all the breaks!”

“Wait a minute,” yelled the first four men in unison, “we didn’t get anything at all. This new tax system exploits the poor!”

The nine men surrounded the tenth and beat him up.

The next night the tenth man didn’t show up for drinks so the nine sat down and had their beers without him. But when it came time to pay the bill, they discovered something important. They didn’t have enough money between all of them for even half of the bill!

And that, ladies and gentleman, boys and girls, journalists and government ministers, is how our tax system works! The people who already pay the highest taxes will naturally get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas, where the atmosphere is somewhat friendlier.

David R. Kamerschen, Ph.D. – Professor of Economics.

OBAMA FINALLY VISITS ISRAEL

holb_c10792320130319120100Benjamin Netanyahu is an intelligent man. He knows Obama is a fraud, and his word is worthless. Obama’s visit to Israel after 5 years in office is just window dressing for his so-called future “legacy”.  How’s that working out Barack?  A “Hail Mary” to try to get your poll numbers back up? Spent too much time filling in your March Madness brackets instead of doing your job and actually governing this country?

In spite of all the calls for spending discipline, the Obama Administration is still wasting billions of dollars, (“That’s “BILLIONS” with a “B”) on their lavish lifestyle and prestige. One of Obama’s biggest flaws is that he likes the glamour and fame associated with the office of the Presidency but he’s the laziest president in my lifetime, and I remember Ike. He has zero original ideas for governing and relies totally on the opinions of everyone else, which unfortunately includes many of his liberal Hollywierd buddies.

I believe he’s familiar with only what he’s read in Neo-Marxist, Saul Alinsky’s “Rules for Radicals” which states; “True revolutionaries do not flaunt their radicalism”, Alinsky taught. “They cut their hair, put on suits and infiltrate the system from within”. Alinsky viewed revolution as a slow, patient process. “The trick was to penetrate existing institutions such as churches, unions and political parties.”

Hopefully, America will survive these people, God willing. But Obama’s legacy is already so badly stained, that I doubt even his cult-followers in the controlled national media can repair his image for history. Jimmy Carter can breathe easier now. Another liberal leftist in the White House has finally surpassed Carter in that Obama has proven himself to be even more disgusting and unreliable in his performance as President of the United States than his failed predecessor! ~dfh

“Lest we forget at least an over-the-shoulder acknowledgment to the very first radical: from all our legends, mythology, and history… the first radical known to man who rebelled against the establishment and did it so effectively that he at least won his own kingdom — Lucifer.”

GOVERNMENT SEQUESTER OF OUR MILITARY

130220obamasequesRGB20130221122650What a disgrace! The Sequester of our military is the liberal’s idea of how they WANT you to think it was all the Republicans idea & their entire fault, however; Obama demanded it, he got it, now he’s against it. The sequester would spread out about $109 billion in cuts per year, every year, for 10 years.

Let me try to explain. Our government (elected officials) have already paid for $24 billion this year, the overall level for 2013 now stands at $85 billion. But there’s another twist: The $85 billion is really more like only $44 billion in actual cuts over the next six months of the fiscal year – because some of the cuts would apply to spending obligations that stretch out over multiple years.  A standard year of sequestration, with $109 billion in cuts, would see about half that total, some $55 billion, come from the Pentagon; in other words; our U.S. Military!  This – is the side of the equation meant to bring Republicans to the negotiating table.  The Democratic priorities under fire are $43 billion in cuts to all other aspects of government – from Education to Social Services & Border Agents, U.S. Port Cargo Inspectors, National Park Rangers, NASA and the National Institutes of Health. The final bit ($11 billion) is made up of something that’s annoying to both parties: a 2 percent reduction in payments to Medicare providers. Indeed, the Congressional Budget Office estimates it will cost 750,000 jobs and lower economic growth by 0.6 percent. That’s because the cuts drain demand from the economy and affect companies that do business with the government.

So ~~ Who is to blame for the sequester?  Short answer: almost everybody. However; the actual mechanics of the sequester – dangling a deficit-reduction goal in front of a team of lawmakers with a harsh consequence for failure – was dreamed up by the White House and most notably by Treasury Secretary nominee Jacob Lew!

(Sigh) But as usual, Obama’s ideas stink~ so his solution is to always blame the “other guy”, ie; blame Bush or blame Republicans. Geez! When will the left-wing media and all their blind followers quit drinking the Kool-Aid & WAKE UP? If you repeat something enough, people start to believe it, especially; bleeding heart, socially progressive liberals who believe in the “Robin Hood” style of government (take from the rich to give to the poor), in other words; I work until I’m 70 & my tax dollars go to support some able-bodied 25 year old who may or may not have ever worked a day in their life but happens to have a “good reason (excuse) ” as to why they can’t earn money themselves! I have no problem helping the indigent poor, disabled, veterans & elderly who legitimately need help but in my opinion, many of the free-loaders & others in our society with lower level intelligence & values, make up a large number of Obama voters! ~ dfh

MY JG Opinion on Obama’s 2013 SOTU Address

560028_4340592562170_18860900_nAt least Obama is consistent in sticking to failed policies in advocating that the Government is the answer to all the problems it created.
The failed Public School system will have more money thrown at it. The Minimum Wage, which never got anybody out of poverty and has a track record of being a disincentive to hiring & is the Dems only answer to Unemployment. We now know that Obama has no intention of seriously addressing Unsustainable Entitlement Programs and that his “Investments” are code for more government spending to further destroy the United States’ financial future for individuals and corporations. The 2014 elections are Obama’s only hope for this continuation of failures. I’m beginning to think we need an “Exorcist” to get rid of this anti-religious & anti-American administration who currently “occupies” the White House! (BTW ~ B.O. makes me sick!)

WHAT’S NEXT; KING OBAMA?

king obama 1Earlier this month, Rep. Jose Serrano, D-N.Y. introduced H. J. Res. 15, a bill that would repeal the Constitution’s 22nd Amendment prohibiting a president from being elected to more than two terms in office, thus potentially paving the way to make Barack Obama president for life. Not surprisingly, the main-stream liberal media — still apparantly kissing Obama’s ass — has not covered this story. The Bill reads as follows:

Introduced in the House of Representatives on 01/04/2013.
[Congressional Bills 113th Congress]
[From the U.S. Government Printing Office]
[H.J. Res. 15 Introduced in House (IH)]

113th CONGRESS
1st Session,  H. J. RES. 15

Proposing an amendment to the Constitution of the United States to repeal the twenty-second article of amendment, thereby removing the limitation on the number of terms an individual may serve as President.  IN THE HOUSE OF REPRESENTATIVES  January 4, 2013. Mr. Serrano introduced the following joint resolution; which was referred to the Committee on the Judiciary.

JOINT RESOLUTION

Proposing an amendment to the Constitution of the United States to repeal the twenty-second article of amendment, thereby removing the limitation on the number of terms an individual may serve as President. Resolved by the Senate and House of Representatives of the United States of America in Congress assembled (two-thirds of each House concurring therein), That the following article is proposed as an  amendment to the Constitution of the United States, which shall be valid to all intents and purposes as part of the Constitution when  ratified by the legislatures of three-fourths of the several States within seven years after the date of its submission for ratification:`

`Article–“The twenty-second article of amendment to the Constitution of the United States is hereby repealed.”.  Constitutional Authority Statement By Mr. SERRANO: H.J. Res. 15. Congress has the power to enact this legislation pursuant to the following: This proposed constitutional amendment is introduced pursuant to Article V of the Constitution, and seeks to repeal the 22nd Amendment to the Constitution.

[Congressional Record Volume 159, Number 2 (Friday, January 4, 2013)]  [House] [Page H56]

About Constitutional Authority Statements: On January 5, 2011, the House of Representatives adopted an amendment to House Rule XII. Rule XII, clause 7(c) requires that, to be accepted for introduction by the House Clerk, all bills (H.R.) and joint resolutions (H.J.Res.) must provide a document stating “as specifically as practicable the power or powers granted to Congress in the Constitution to enact the bill or joint resolution.”

The United States is no longer the country it once was. Prior to Franklin Roosevelt, presidents honored the precedent established by George Washington, who – though widely popular – refused to run for a third term of office. Thomas Jefferson followed Washington’s example and foresaw the eventual passage of the 22nd Amendment. “General Washington set the example of voluntary retirement after eight years,” Jefferson wrote in an 1805 letter to John Taylor. “I shall follow it, and a few more precedents will oppose the obstacle of habit to anyone after a while who shall endeavor to extend his term. Perhaps it may beget a disposition to establish it by an amendment of the Constitution.”
Jefferson’s immediate successors, James Madison and James Monroe, also adhered to the two-term principle. This gentlemanly trend continued through Franklin D. Roosevelt’s second term, where; his supporters cited the bankster engineered war in Europe as a reason for breaking with precedent. In the 1944 election, during World War II, Roosevelt won a fourth term, but died in office the following year. The 22nd Amendment was ratified by the requisite number of states on February 26, 1951.
Following the potential repeal of the 22nd Amendment, I predict that Obama’s handlers will exploit the “bankster engineered” economic crisis to push for a third term. In order to achieve repeal of the 22nd Amendment, Serrano’s proposal must be approved by a two-thirds vote of both houses of Congress and ratified by three-quarters of the states’ legislatures. With a record of over $16 Trillion dollar debt, high unemployment, food prices and government programs (unemployment benefits, Social Security, disability insurance, Medicare, Medicaid, veterans’ benefits, education assistance and other cash transfers of government funds to individuals). Henry Kissinger noted once that, “under such conditions the American people will beg for a dictator to lead them out of the wilderness.).
Of course, King Obama will not lead the American people out of the wilderness. He will usher us into a New World Order with its high-tech control grid and a horrific race to the bottom. Welcome to the Socialist States of America! dfh

National Association of Realtors Issue Brief JAN 2013

On January 1 both the Senate and HoHaddenfield Home 1use passed H.R. 8, legislation to avert the “fiscal cliff.” The bill will be signed shortly by President Barack Obama.
Below are a summary of real estate related provisions in the bill.
Real Estate Tax Extenders
 Mortgage Cancellation Relief is extended for one year to January 1, 2014.
 Deduction for Mortgage Insurance Premiums for filers making below $110,000 is extended through 2013 and made retroactive to cover 2012.
 Leasehold Improvements: 15 year straight-line cost recovery for qualified leasehold improvements on commercial properties is extended through 2013 and made retroactive to cover 2012.
 Energy Efficiency Tax Credit: The 10% tax credit (up to $500) for homeowners for energy improvements to existing homes is extended through 2013 and made retroactive to cover 2012.
Permanent Repeal of Pease Limitations for 99% of Taxpayers
Under the agreement so called “Pease Limitations” that reduce the value of itemized deductions are permanently repealed for most taxpayers but will be reinstituted for high income filers. These limitations will only apply to individuals earning more than $250,000 and joint filers earning above $300,000. These thresholds have been increased and are indexed for inflation and will rise over time. Under the formula, the amount of adjusted gross income above the threshold is multiplied by 3%. That amount is then used to reduce the total value of the filer’s itemized deductions. The total amount of reduction cannot exceed 80% of the filer’s itemized deductions.
These limits were first enacted in 1990 (named for the Ohio Congressman Don Pease who came up with the idea) and continued throughout the Clinton years. They were gradually phased out as a result of the 2001 tax cuts and were completely eliminated in 2010-2012. Had we gone over the fiscal cliff, Pease limitations would have been reinstituted on all filers starting at $174,450 of adjusted gross income.
Capital Gains
Capital Gains rate stays at 15% for those at the top rate of $400,000 individual and $450,000 joint return. After that, any gains above those amounts will be taxed at 20%. The $250/$500k exclusion for the sale of a principal residence remains in place.
Estate Tax The first $5 million dollars in individual estates and $10 million for family estates are now exempted from the estate tax. After that, the rate will be 40%, up from 35%. The exemption amounts are indexed for inflation.

Hypocrites & Traitors

Al Gore UnAmericanAl Gore & his partners in crime just sold his failing Current TV network to Al-Jazeera for $500 million dollars. Of that, he will personally receive $100 million dollars. I find it hypocritical of Mr. Gore to refuse all offers from American, Glenn Beck of BLAZE TV (because it would be too hard to explain to his many fans) in favor of selling to a Middle Eastern Monarchy build on oil wealth. This man, who was almost President of the United States in 2000, is now selling out to the Emir of Qatar. In my opinion, he has sold out his fellow Americans as well. Fuck Him!!!!

BEWARE OF LIBERALISM

404609_10151482605170830_1041150848_n“The goal of the ‘liberals’ — as it emerges from the record of the past decades — was to smuggle this country into welfare statism by means of single, concrete, specific measures, enlarging the power of the government a step at a time, never permitting these steps to be summed up into principles, never permitting their direction to be identified or the basic issue to be named. Thus, statism was to come, not by vote or by violence, but by slow rot — by a long process of evasion and epistemological corruption, leading to a fait accompli.” 

~author and philosopher Ayn Rand (1905-1982)

WELCOME TO 2013

lb1230cd20121228103215As 2012 comes to a close in a few short hours, it’s time for American taxpayers to ring in the New Year hoping that they planned their finances correctly in anticipation of a number of significant changes to the federal tax code in 2013 Get your bungee-cords ready folks ~ looks like we’re going over that fiscal cliff!

American Taxpayers are facing new taxes in 2013 as the result of the 2010 Patient Protection and Affordable Care Act (“Obamacare”); and, several key tax breaks, including the Bush-era tax cuts, will disappear at midnight tonight, unless President Obama and Congress take quick action. (They better be really quick!) Here’s an overview of some of the major tax changes ahead for 2013 (tomorrow morning) January 1, 2013:

Income Taxes: The fate of the Bush-era reductions to the individual income tax rates will likely go bye-bye because President Obama and Congress disagree on how to treat American taxpayers in the highest income brackets. If nothing is done, the current 10, 15, 25, 28, 33 and 35 percent rate structure will be replaced by the higher pre-Bush 15, 28, 31, 36 and 39.6 percent rates.

Medicare Contribution Tax: Beginning Jan. 1, 2013, a new 3.8 percent “unearned income Medicare contribution” will be imposed on the net investment income of higher-income individuals, estates, and trusts. This new surtax will generally apply to passive income and to capital gains from the disposition of property. This includes ANY property or land which may have been in a family for several generations, like FARMS!

Additional Medicare Tax: Beginning Jan. 1, higher income individuals will be subject to an additional 0.9 percent Medicare tax. This is in addition to the 3.8 Medicare surtax.

Higher Payroll Taxes: Unless extended again by Congress and signed by the president, the 2 percent reduction in the Social Security tax paid by employees and self-employed individuals will end. Taxes had been reduced from 6.2 percent to 4.2 percent the past two years. Get ready, folks ~ your take home pay from your next paycheck is going down!

Passive income: Passive income, such as rents and royalties, also will be subject to the 3.8 percent net investment tax next year. Passive activity planning is a complicated area of tax law, so definitely consult with your tax professional.

Estate planning: The maximum federal estate tax rate for 2013 is scheduled to rise from the current 35 percent to 55 percent. Again, unless Congress acts, the current estate and gift tax exemption of $5.12 million is set to revert back to $1 million. In my opinion, the federal government is really committing grand larceny here by taxing money that has already been taxed & paid for by the individual who originally earned it. Isn’t that called “double jeopardy”?

By the way, did you know that Congress will be getting a Pay Raise in 2013? All this for doing NOTHING! It’s amazing to realize that most of our Congress, Senate & President, etc., do not enter office as millionaires, but usually do leave office (even if only after one term) with a pension, full benefits, book deals & a million bucks or more in the bank! As an American & a Navy Veteran the current state of our nation and Federal government makes me sick and very sad that so many Americans would rather have “free stuff” from the government instead of knowing the pride of self-reliance, of earning it yourself and the freedom of individual choice; based upon their own values, morals, beliefs & faiths~ as I do as an American.

Happy New Year!

SHARING THE WEALTH (inotherwords; REDISTRIBUTION)

mrz110912dAPR20121108074548Unfortunately this has become a novel concept for some:( Every evening, the same 10 friends eat dinner together, family style, at the same restaurant. The bill for all 10 comes to $100. They always pay it the way we pay taxes:  • The first four are poor and pay nothing.  • The fifth pays $1.  • The sixth pays $3.  • The seventh, $7  • The eighth, $12.  • The ninth, $18.  • The 10th, (the most well-to-do) pays $59.   One night the restaurant owner announces that because they’re such good customers, he’s dropping their group dinner bill to $80. Let’s call that a tax cut. They want to continue paying their bill as we pay taxes. So the four poorest men still eat free. But if the other six split the $20 tax cut evenly, each would save $3.33. That means the fifth and sixth men would end up being paid to eat. The restaurant owner works out a plan: The fifth man eats free; the sixth pays $2; the seventh, $5; the eighth, $9; the ninth, $12; and the 10th guy pays $52. All six are better off than before, and the four poor guys still eat for nothing. The trouble starts when they leave the restaurant and begin to compare what they reaped from the $20 cut. “I only got a dollar of it,” says the sixth man, “but he (pointing at No. 10) got $7.” The fifth guy, who also saved a dollar by getting his meal free, agrees that it’s not fair for the richest to get seven times the savings as he. No. 7, grousing that the wealthy get all the breaks, points out that he only got two bucks. “Wait a minute,” the first four poor guys yell in unison. “We didn’t get anything at all. The system exploits the poor!” The nine men jump the 10th and administer a severe beating. The next night he doesn’t come for dinner. They shrug it off and eat without him. The customary $80 bill comes. Surprise! They’re $52 short. Yes, those who pay the most taxes get the most back from tax reductions. But tax them too much — punish them for the wealth they may have — and they just might stop bringing their money to the table. I guess this is why American businesses have about $10 trillion in off shore deposits. You can’t blame them. After all, they got tired of getting beat up to forfeit their “fair share.”