Bush Tax Cuts Vs Obama Stimulus - The 24 Month Results of Each

#1. Bush Tax Cuts Vs Obama Stimulus - The 24 Month Results of Each

Bush Tax Cuts Vs Obama Stimulus - The 24 Month Results of Each

Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery. - Winston Churchill

Bush Tax Cuts Vs Obama Stimulus - The 24 Month Results of Each

Keynesian economics, blindly followed so far by the Obama Administration, advocates government spending, to stimulate the cheaper (prime the pump). Keynesian results--pertaining to gains--have never stood up to scrutiny.

Robert Morgenthau Jr. The architect of Fdr'S heavy Keynesian government infusion, complained in 1939 that we spent more than we ever have before; it has not worked and has left "an vast debt to boot."

Unemployment in 1939--17.2%.

President Obama's nearly 1 $trillion of spending on the misnamed Stimulus program, was accompanied by heavy spending increases in his first two budgets. The pathetic results shown below are proof of why tax cuts stimulate and keynesian economics of course thwart growth.

Below, find the raw data, not talking points.

Bush Tax Cuts vs. Obama Stimulus--24 Month Comparison of Each

Unemployment Rate: 24 Month Comparison

2009 Obama Stimulus---9.0%

2003 Bush Tax Cuts-----5.1%

In February 2009 President Obama was watching jobs disappear at the rate of 500,000 a month, plus. He therefore proposed that congress pass his Stimulus, the largest and most sweeping the nation had ever seen.

In pressuring congress to rush the bill through congress, the president told the nation that the rush would have an immediate impact on the loss of jobs. He said it was just what was needed to keep unemployment from rising above 8%. Now almost 27 months since its passage, the president and his spokespersons are continuously referring to this weak activity as "the recovery."

This was also a blatant violation of his promise to post all major legislation on the Internet for 5 days of review. Not a single congressman had time to read even a uncostly part of it because of its rammed through, history.

Here is what the jobs photograph has shown since then. The net loss of jobs beginning in March 2009 has been 2.5 million. Correlate that with the 2003 Bush tax cuts-stimulus. The results for those 24 months yielded a Net Gain in jobs of 2.9 million.

Instead of taxpayers' money being spent under the Bush Stimulus, taxpayers' money was returned to them.

Net Jobs Gained or Lost: 24 Month Comparison

2003 Bush Tax Cuts----Gained Net Jobs (plus) 2.9 Million

2009 Obama Stimulus-----Lost Net Jobs (minus) 2.5 Million

President Obama, Unions and Dems Defunded Wash D.C. School choice agenda Against Pleadings of Black Parents

In 2009 President Obama, signed a bill that meant the end of the program, shortly beyond the time of signing.

Black Unemployment 24 Month Comparison

2009 Obama Stimulus--15.7%

2003 Bush Tax Cuts----10.1%

24 Month Comparison: Hispanic or Latino Unemployment

2009 Obama Stimulus--11.9

2003 Bush Tax Cuts 6.0%

Teen Unemployment: 24 Month Comparison

2009 Obama Stimulus--25.7%

2003 Bush Tax Cuts----17.9%

Cost To Taxpayers

2003 Bush Tax Cuts-------0

2009 Obama Stimulus---1 billion

Avg. Cost To private "Net revenue Taxpayers" Applied To gift Workforce

2003 Bush Tax Cuts--0

2009 Obama Stimulus ,828

Most new data available lists 91 million "net revenue tax" payers

Tax Receipts To Government: Seven Quarters Following Each

2003 Bush Tax Cuts (plus)---6.7 billion

2009 Obama Stimulus (plus)---8.4 billion

Academia, The Media, Ivy League Universities Collude in Keynesian Brainwashing

Keynsian economics by whatever name or cover, are favored by a very large ration of universities and almost exclusively in Ivy League Universities. The positives of the free-market are equally downplayed.

Disposable Personal Income-(Every man woman and child) Seven Quarters Following Each

2003 Bush Tax Cuts (Plus) +1

2009 Obama Stimulus (Plus) +4

Real Gdp midpoint increase Seven Quarters Following Each

2009 Obama Stimulus (plus) +0.7%

2003 Bush Tax Cuts (plus) +3.5%

Total of annual Deficits-Bush, 8 Years-2001-2008

.3 Trillion

Total of annual Deficits-Obama, 2 Years-2009-2010

.7 Trillion

Jobs data comes from the Bureau of Labor Statistics (Bls) U.S. Dept. Of Labor. The cost to private taxpayers, from the stimulus comes from the Congressional funds Office, the Tax Foundation and the Irs based on 2008 newest data available.

The data on Gdp growth, disposable income, deficits etc. Is from the Bureau of Economic diagnosis (Bea) National revenue and stock Accounts Tables

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Short Sale Flips and Your Taxes

#1. Short Sale Flips and Your Taxes

Short Sale Flips and Your Taxes

Different real estate investing strategies have radically different impacts on tax returns. Those who buy and hold asset for over one year advantage from qualifying the wage from rentals as passive income. Depreciation and many maintenance expenses qualify as deductions against any rental income. When asset held for a year or more is sold, the gains are taxed as long term capital gains at a tax rate of 15% (at least for now). Consult your tax consultant for current law and startling changes.

Short Sale Flips and Your Taxes

On the other hand, an Investor who is flipping asset must description the sale as wage and may also be required to pay Fica as a self-employed tax filer. Fica will be due up to the first 6,800 earned in fiscal year 2009-2010. Above that estimate no more Fica is required. Check the new tax changes to see if that will turn for 2010.

The "dealer" designation comes into play when the intention of a real estate sale is to immediately resell the asset and more than one house is sold in a year. You do not want to be designated by the Irs as a dealer. That is a lifelong designation that disallows capital gains rehabilitation of real estate investments and precludes you from doing 1031 like kind exchanges (a tax deferral recipe used by investors to defer the tax on gains on real estate as long as it is immediately reinvested in a asset of greater value). The best way to avoid being personally designated as a dealer is to do all of your transactions straight through an entity like an Llc or Sub S Corp. Your accountant can help you to choose the right entity. You should have one entity for all of your flips and at least one for your long term hold properties. Check with your accountant or tax attorney to see how to avoid being labeled as a dealer.

It is not uncommon for Short Sale Investors to be required to pay 38% to 55% of their total wage in taxes because of Alternative Minimum Tax (Amt) add-ons for higher income-earners. Unless you have a sophisticated business entity/entities set up you will find Uncle Sam at the conclusion table every time.

To avoid any unfortunate surprises either readjust withholdings for Fica with each check you receive, or hold back the estimate you or your accountant expect will be required in a special bank account so you will have it in hand come tax day. This "play it safe" strategy requires some discipline and guidance. Perhaps the best strategy is to hire a book keeper and set up operational procedures to make this an automated process.

On the good side, your Short Sale occupation is bound to mean higher wage than you had in the past. You will need to keep an eye on your tax planning so that you don't get a surprise at tax time. Always consult your tax consultant for current tax law and the best way to maximize your earnings. Stay in a sure mindset and maybe even reconsider yourself fortunate that you need to pay more taxes as the years go by. That just means you have made more income.

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comprehension the development Work Pay credit

Calculating the production Work Pay credit on your Irs tax return for the 2010 year has distinct effects on each taxpayer. It is prominent to understand what the production Work Pay credit does and why it is ready for taxpayers to claim. During the years of 2009 and 2010, the adjusted withholding tax tables for each taxpayer's withholding was less, which gave more take home pay (net pay) from each paycheck earned. To make it simpler to understand, here is an example: a taxpayer was paying taxes of per paycheck.

With the new production Work Pay Credit, that taxpayer would be only paying taxes of instead of the . This gives the taxpayer a savings (or "credit") towards the full take-home whole with every paycheck. When you add up those seven dollars, it totals out to be a 4.00 savings towards the money that you get to use (once you receive your refund) rather than the Irs! This was enabled by the new tax table law from the Irs for employers to use - from the changes that were made in December of 2010 by the Obama management and Congress.

The production Work Pay credit should equal out to the same whole that was taxed by the Irs on each paycheck when filing for an Irs tax return at the end of each year. Particular taxpayers can get 0, married filing jointly can get a total of 0 on the production Work Pay Credit. Now that money is being "paid" back by the Irs (from when taxes were taken out of paychecks earlier), taxpayers are receiving their refunds and doing what they please with their money. However, if a taxpayer does not qualify for the credit, then that taxpayer may owe taxes in accordance to the withholding tax table (as there is a limit to the total whole of money earned for the production Work Pay credit that enables them to receive more money throughout the year with less taxes being withheld). A taxpayer who makes about 0,000 would not qualify for the credit, as the whole is way above what a taxpayer qualifies for the credit.

If you are a self employed worker, a contractor, or a freelancer, and did not have any withholdings During the 2010 year, you are still eligible for the production Work Pay credit because you worked. To claim the credit (to offset the taxes that were taken out During your calculating and paying of the taxes), you must file the agenda M of the 1040 form in order to receive it.

directory comprehension the development Work Pay credit directory