IWA For Sunday 061310

Who Pays YOUR Salary

Hey folks,

Imagine going to your boss and telling him that you do not make enough money. Now imagine that you make over THREE TIMES what your Boss makes. That would take some monster size Gonads. Would it not?

Minimum wage in this country is $1320.00 a month. Pre-tax of course. Average rent in US $684/month, mortgage payment being averaged at around $1295/month. Forget about Food, electric, phone, Car, ETC.

Now YOU make $3960.00/month and you tell your Boss who makes about $1156.00/month, yes that is less than minimum wage, that it's just too hard for you, and you need a raise. Well, that is what our Idiot of the Week did.

According to the AFP - Slovenian PM tells students his salary is too low LJUBLJANA (AFP) –

Slovenian Prime Minister Borut Pahor told a group of students on Friday he could barely make it through the month with his salary and had to use savings, Slovenian media reported.

"I'm the head of government. My monthly salary is 3,002 euros (3,620 dollars). I can't survive (the month) with only my salary," Pahor told astonished student representatives, Internet news channel 24ur reported.

He later clarified that his financial problems were caused by representation expenses he had to pay as prime minister as he promised to do in 2009 when the government adopted austerity measures to overcome the world

economic crisis.

Friday's meeting was called in an attempt by the government to find a compromise solution with the students concerning a new labour market law that will curb the number of jobs they can do alongside their studies.

Some 30 students were detained and windows at the parliament's building were smashed at a demonstration against the proposed changes organised in May by the student organisations.

The average net salary in EU and euro member Slovenia in March was 967 euros while the minimum wage granted to workers was 562 euros.

967 EU Euros are worth $1156.06 United States Dollars, and the minimum wage granted to workers was 562 euros which is $681.54.

Imagine this folks. Their Minimum Wage is $638.46 LESS than ours. You think you got it tough here? Their average rent is between $400 to $500/month. Again, forget about food, electric, car, ETC.

Congratulations Prime Minister Borut Pahor, for coming out and whining to those that PAY your salary, yet make three times LESS than you, that you have it so tough, you ARE the Idiot of the Week. You know, you could just do like Obama. You need a raise? Just raise taxes. Screw the poeple actually paying for it.
Peter

Sources:
AFP - Slovenian PM tells students his salary is too low

The Poor and Middle Class ALWAYS Get Hit The Hardest

Just the truth.

Hey folks,

You know, every time Libs talk about raising Taxes, they engage in Class Warfare. They come right out and lie to you, right to your face. They always talk about how YOU, the Poor and Middle Class will not have to pay more, but only the evil super rich will. Only those Evil Mega Corporations will be effected. They make to much money anyway. But do not worry, it will not effect YOU.

That is always assine on it face. ALWAYS. Corporations do not pay tax. YOU do. Let's see if I can explain this to you better. Wal-Mart. You go into Wal-Mart and pay $4.00 for an item. The Government comes along and slaps Wal-Mart with an insane and inaccurate "Windfall Profit Tax." Along with fines and regulation costs. Now you go into Wal-Mart and buy the same item which NOW costs you $10.00.

Look at Gas. It actually costs UNDER $1.50 a gallon. The rest is Tax. Both State and Federal. If they succeed in passing Cap and Tax, watch Gas and Home Energy costs to "SKYROCKET." Who will be most effected by this? The Poor and Middle Class. Why, they can not afford it NOW.

DO you really think that the Millionaires in Congress care what a Gallon of Milk costs? Do you even think that they KNOW? They don't care. But the Single Mom working two jobs does. What about this? According to Sphere - 10 States Where the Poor Pay the Most Unfair Share of Taxes

(Nov. 19) -- The tax code is unfair and it's the poor and the middle class who are getting the raw end of the deal.

Those are some of the conclusions of a new study released by the Institute on Taxation and Economic Policy, a nonpartisan research group. The report found that after itemized deductions, the richest 1 percent of Americans pay taxes at an average rate of 5.2 percent of their income. Middle-class residents, on average, pay taxes at a rate of 9.4 percent, and the poorest 20 percent pay at a rate of 10.9 percent.

"In effect, what we have is an upside-down system in which the more you earn, the less you pay in taxes," said Matthew Gardner, executive director of ITEP and the principal author of the study. "I don't think anyone would intentionally set out to design a tax code that way."

According to Gardner's findings, the 10 states where "regressive" taxation most significantly tilts in favor of the rich are Washington, Florida, South Dakota, Tennessee, Texas, Illinois, Arizona, Nevada, Pennsylvania and Alabama.

In Washington, for instance, the poorest 20 percent of residents pay taxes at a rate nearly six times higher than those of the state's richest 1 percent.

Vermont, Delaware and New York, meanwhile, are states with relatively flat, fair tax practices, the study found.

The study's goal was to try to inform future tax policy by creating an understanding of how differing state approaches benefited varying income levels, Gardner said.

"We want to shed light on how tax systems work and help provide a benchmark for judging the current systems," he said, though he stressed that ITEP was not making any specific policy recommendations.

The study's figures were calculated by analyzing the three most common forms of taxes: income, property and sales. In general, the report found that income taxes tend to be fairer than property or sales taxes because they graduate depending on salary. Sales taxes, on the other hand, tend to disproportionately target the poor and lower-middle class, because over time those fixed costs account for a much higher percentage of wages than they do for the well-off.

The report comes at a time when cities and states across the country are enacting a host of new taxes and surcharges to try to cover budgetary shortfalls brought on by the recession. In New York, Gov. David Patterson has proposed an "iPod tax" that would add a surcharge on every music download. In California and Pennsylvania, tuition hikes at state colleges and universities are being implemented. Oregon is debating whether to raise income taxes on corporations and the wealthy.

Which we just discussed will increase the hardships on the Poor.

On the federal level, raising taxes remains a taboo subject, but Congress has moved to close tax loopholes for offshore accounts in the hopes of recouping billions of dollars in potential revenue.

Amid this backdrop, Gardner said he hopes his study will help illustrate who is bearing the largest tax burden in the country. "The answer for just about every state," Gardner said, "is the poor and the lower to middle classes."

Yes. It will be the Poor and Middle Class that are hurt the most with ANY increase and new Taxes. I have ALWAYS been a proponent of the Flat Tax System. Plain and simple, you make a Million, and you Pay 35 percent of that in Tax. You make $20,000, you pay 35 percent of THAT in Tax. You are paying the same amount in Tax, which makes it fair for all.

Now if we CUT Capital Gains Taxes, giving an incentive to create more, hire more, and sell more, it will lower costs, and create a jump-start this Economy needs. If we CUT sales tax to a reasonable level, people will BUY MORE. Hence, jump-start the Economy again.

It is really easy to understand. If you sell something for $10.00 and you sell 10 of them, you make $100.00. You sell the same thing for $4.00, yet you sell 100 of them, you make $400.00 dollars. More people will buy from you, if the price is cheap. Same thing with Taxes and the Economy. If the Tax code is reasonable, more people will simply pay it. If it becomes oppressive, more people will work hard at AVOIDING paying. Fire Employees, and become less productive.

So the next time you hear a Politician say, they are going to tax the Rich, just understand what they are telling you is this. YOUR Taxes and Costs of Living are about to go up. It really is just that simple.
Peter

Sources:
Sphere - 10 States Where the Poor Pay the Most Unfair Share of Taxes