Top Of My Head

Thoughts on everything from Politics to Video Games

Tag: Paul Ryan (page 1 of 2)

A Little Truth Goes A Long Way.

Who tells the truth the most often?  Who gets it right?  Check out the image below.

Ryan and Romney – We’re not telling

Paul Ryan announced that he and Mitt Romney will wait until they’re elected to tell us just what tax loopholes they plan on closing.  (See story here)  Really?

That’s like going to buy a car and having the dealer say, “This is a great car with a lot of features, but I’m not showing you any of them until you sign on the dotted line.”

Mitt Romney “was overheard telling supporters at a private fundraiser in Florida over the weekend that he might seek to limit tax deductions for mortgages”. (See story here)  Naturally, his campaign made him back away from this remark.

But, what exactly would Romney and Ryan cut to make up for the “$5 trillion in forgone revenue“.

Cheryl and I all ready pay thousand dollars in taxes higher than a couple is allowed to legally marry.  So, take away my mortgage deduction and I can kiss a lot more of my hard earned money to go up in smoke.  And, why should I vote for someone who won’t even tell me to my face that, yes, I’m taking away your largest deduction, so I can cut taxes on the ultra-rich?

I know a lot of people who are planning to vote for Romney and they’re going to be bitching if he runs and passes a radical tax law.

But, they will tell you a lot about their Medicare system.  Romney gave some details to reporters in Miami:

“My plan for Medicare is very similar to his plan for Medicare. My plan, like his, really expands Medicare Advantage. It says, let’s give people more opportunity to take advantage of not just the standard Medicare, but also the [private insurance] policies that are available in the market place.”

Get it? They want to privatize more Medicare, but they don’t want to tell you what tax deductions they’re ending. And, they send out their main man (John Sununu) to keep repeating the lie of the $716 billion Obama “gutted” from Medicare”.

The Abortion Lie

Let me start this by telling you about my neighbor.  My neighbor is a Republican and she’s on disability (which I think shouldn’t happen, but there it is).  She’s a good Christian woman, who suffered through an intolerable childhood and never married.  She worked, before her illness, in the Health Care field.  She offers advice, even when you don’t need it or want it.  My neighbor knows every thing that goes on in our neighborhood and I mean every thing.  I’ll be she’ll know about this post before I finish writing it and before I even post it.  Even when she was working, she knew every thing.

In the old days, we would call her – unkindly – the neighborhood gossip or busy buddy.  And, perhaps, that’s what she is.  But, she’s always kind, very giving and the kind of neighbor you can call when you need help.  For example, when we were having our biggest trouble with Oliver, she would take him every single day.  She helped train him and I think he’s more well-adjusted now than he would’ve been without her daily care.  Only her illness stopped her from continuing to watch him, but she’s never stopped loving him.

Over the weekend, she stopped with her little dog for a visit.  We had a nice time, even though I have no manners and forgot to offer her a drink or something.  Anyway, she told me that she was going to vote for Romney in the  Presidential election.  When I asked her why, since it is clear she doesn’t like Romney, her answer was abortion.  Republicans are against abortion.  She’s against abortion, so she’s going to vote for Romney.

And, that is why I’m writing this.  The anti-abortion stance in the Republican Party is a lie.  Mark my words:  There will NEVER be a Federal Anti-abortion – I mean make it back like it was – law EVER.  It doesn’t matter if the Republicans hold Congress, Senate and the White House.  It didn’t happen during Bush’s eight years (where they had all three for more than 4 years) and it will never happen.

Why?

Because abortion is an issue that keeps voters voting Republican.  A Federal Ban would mean that the voters would have to look for something else.  There are plenty of voters, like my neighbor, who is a one issue voters.  She doesn’t want abortion to be legal.  She doesn’t realize that the Republicans don’t really want to outlaw it because maybe she might start looking at their other issues.

So, if you’re a single issue voter and abortion is your issue and that’s why you’re voting for Romney – you might want to think again.  And, you might want to see what else Romney has in his bag of issues.

Cain’s Tax Plan Again

When I’m wrong, I’ll admit that I am wrong. Apparently, I was wrong in my assumption regarding Cain’s 9-9-9 Tax Plan. There are some items that I overlooked – one of which was the fact that I would no longer pay Payroll taxes of 7.65%. This was pointed out by Bob – thanks, Bob. I dug a little further and discovered I would no longer have any deductions, except charitable and, since I don’t live in the inner city, I don’t receive a tax credit for that.

When I did my original comparison, I just took my salary – what I earn from my employer – and used those figures. I only used the standard deduction and the personal exemption for the current figures. For my spending, I went through the checkbook and took out all of my spending for the month of September.

Here’s what I did this time.

I’m used September’s figures for spending. I’m added in the Payroll taxes for both the current plan. I used my actual deductions – divided out by 12 – from my last year’s income tax return. Since Cain’s plan allows for charitable deductions, I subtracted my charitable deductions from his plan.

This time it worked out that I currently pay $2,890 more in taxes now than I would under Herman Cain’s plan. Since the only criteria I was using for this plan was how it would affect me – and only me – then I have to say, it is a good plan.

Sorry, but I do.

However; here’s what I wrote the last time:

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.

I stand by that recommendation. You should figure out whether or not this is a good plan for you.  But, actually do the math and figure it out – don’t just guess or believe what someone else writes.  Too many people will believe whatever someone emails them.  Somedays, I wonder if laziness is the real reason we’re in this mess.

Now, that I have said that, a consideration should be made for whether or not this is a good plan for the country. I’m not sure that it is. Cain has stated that the country will gain more in revenue from this plan than we do currently. I just don’t see how that is possible. If I’m saving nearly $3,000 per year, shouldn’t everyone in my situation be saving that amount? Will we really gain enough on those people who will pay more to make up the difference for those who will pay less? It’s just a thought.

Herman Cain’s 9-9-9 Tax Plan

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!

The GOP Way: Cutting Taxes on the Rich, Raising Taxes on the Middle Class

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.

House Republicans – Full of Shit

I am just too disgusted and sick to my stomach by the crap the House Republicans (and four Democrats) passed.  Give me a break!  The cut the things that actually would help this country the most. (clean energy, infrastructure, education and job training)  Do they have any idea that our infrastructure needs a trillion dollar overhaul?  And, let’s not educate or train our people!  What’s the fun in that?  And, don’t even get me started on clean energy.

Where’s the cuts to the subsidies to the corporations that are making record profits?  Oh, no, let’s not make our rich friends unhappy.

Pandering to the Tea Party isn’t going to eventually cost them elections – it’s going to cost us our country.  And, why pass something that will just get vetoed anyway?

It’s a waste of time.  Amazing – it didn’t go far enough, so Michele Bachmann didn’t vote for it.  Way to show just how extreme you are, Bachmann!

Check out this blog post, if you would like to know about how wonderful your life would be if the Tea Party ran it.

I can’t even be bothered with being nice anymore.

Let’s throw Paul Ryan out of office.  It’s time for him to go.

Bachmann and the Debt Ceiling…

Michele Bachmann wants you to believe that she’s fiscally responsible.  She wants you to believe that she and the Republican Party had nothing to do with the economy.  She wants you to believe that the stimulus package was a waste of money and didn’t save jobs.  She wants you to believe that raising the debt ceiling right now would be bad and she’s never voted for a raise.

She’s lying on all points.

Back in April, she voted for Ryan’s budget – the one that changes Medicare and lowers the rich tax rate to 25% (10% down from the 35% they pay now).  The Budget wasn’t balanced – the tax cuts would add more to the deficit than they would “save”.  (You can’t cut income and revenue and pay off debt, it just doesn’t happen.)  If Ryan’s budget had passed the Senate, it would’ve necessitated the raising of the debt ceiling.

That’s not fiscally responsible.

Here’s something else (I’m going through her voting record):

Bachmann voted against the Pay As You Go resolution.  The one that states: ”Vote to pass Title IV of the resolution that amends Rule XXI to require that any tax cuts must be offset by either a different tax increase or spending cut, and to require certain listings of congressional earmarks and limited tax and tariff benefits.

See, apparently, she doesn’t understand how fiscal responsibility works.  You can’t cut revenue without cutting spending.

I’m going to stop here.  I’m going to go through her votes.  I know this woman shouldn’t be President, but I think the rest of the country needs to know it.

An Open Letter to Senator Ron Johnson

Dear Senator Johnson;

Do us all a favor and sit down. I mean that literally. No more standing up and refusing to give your consent. You’re aren’t Jimmy Stewart in “Mr. Smith Goes to Washington“.

You, Dear Senator, are a rich, spoiled businessman (who is used to always getting his own way) turned first time politician and you got lucky in the last election.  You won’t be lucky in the next election.  The country will be a much different place in the next five years.  You admitted that the Constitution is hard to read.  I cannot believe that my brothers and sisters of my beloved adopted state actually voted for you.  You make Sarah Palin look like a genius and comparing you two is actually insulting to Sarah Palin.  I graduated from Lakeland University in Sheboygan with a 2.9 GPA and I can read the Constitution with no problem at all.  In fact, you never even gave a crap about this country until 1994, when you first registered to vote – at the freakingly old age of 39!  Who doesn’t vote for the first 21 years of eligibility?!?  I couldn’t WAIT to turn 18, so I could register to vote!  It was a dream come true.  I was reared to believe that voting was not your right, but your duty and your obligation to your country.  Apparently, you just didn’t bother to pay attention.

Unfortunately, you used four million of your own dollars into fooling the people of this state into believing your lies about Health Care, Feingold’s voting record and your own stances on unemployment and minimum wage and now, you’re our Junior Senator from Wisconsin.  And, I am so ashamed to have to admit that.  My fellow citizens of my beloved state elected you instead of laughing you out of town.  And, now, you are standing up in the Senate and spouting off.  If you want to make a difference, try sponsoring a bill.  I noticed that you haven’t sponsored 1 – NOT ONE.  You have co-sponsored 48 and none of them have made it into law.  Well, your record is just astounding!  And, don’t side with Paul Ryan on medicare and his budget – this isn’t going to end well for either of you.

So, in closing, here’s what I want you to do.  Sit down, shut up and try not to embarrass our great and beloved state any more than you already do.

Sincerely,

Julie Marie Totsch

Voting Citizen since 1985

Paul Ryan’s Budget Cuts

$58 billion dollars.  That’s it.  For the remaining 7 months of the year, the grand total of his cuts amounts to $58 billion dollars.  All of it is coming from Non-Security Discretionary spending.  We’re going back to the spending of 2008.  Woo Hoo!  Gonna be good for the country.

Except, it’s not.

You see the Republicans got their tax cut extension for the one group in America who can afford it:  the rich.  Do you have any idea how much money that is?  No?  Well, let me tell you.  Giving a tax cut to the people who 1) caused the economic mess and 2) haven’t been hiring and 3) treat their employees like chattel in a bad economy, because – well, where the heck are you going to go?  has cost the country’s coffers $139 billion.

So, we gave a tax cut to the rich and powerful, but those who need the assistance will end up losing. Does that make sense?

I understand we have to cut our budget, but when the economy is just starting to improve – now is not the time to do so. The rich can afford to pay their taxes. If you’ve ever read Paul Ryan’s Roadmap for America, you’ll see that he considers a single person earning $50,000 per year rich enough to pay 25% of their hard-earned salary to the Federal Government. If you’re married, you get to earn $100,000. But, people who earn $379,000, can’t afford 39%? Excuse me?

Considering, with the dismantling of medicare and the underfunding of Social Security, that I won’t ever take Federal money, I find it really disgusting that Ryan is going after the single middle class so hard. The Republicans don’t or won’t support gay marriage, but they sure love to take our money at tax time, don’t they?

Just my little rant for the day…

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