Showing posts with label Taxes. Show all posts
Showing posts with label Taxes. Show all posts

Monday, April 29, 2013

Another Example of How Our Miseducation System is Failing Our Kids

Stolen From Stop The ACLU

This goes under the Whiskey Tango Foxtrot category.
Remember how you were taught in school how to add a series of numbers? Remember how you were told to write each set of numbers on top of each other, to stack them so you could then add them together to get a total?

Kids aren’t taught that any more. In fact, the system of “cubes, sheets, sticks and dots” they are taught now is so convoluted, involved and confusing that it often results in wrong answers. But correct answers isn’t the goal for today’s fetid school systems. “The process” is all that is cared about.
If you aren’t infuriated by this video…


Click here if the video fails to load.

These are unionized teachers perpetrating this crime on our kids, folks.

Remember that.
I don't know about you, but after the first 30 seconds I wanted to find the teacher and punch him or her out.  And we are suppose to train these children to be the engineers, doctors and scientists of the future.  Really?





Monday, January 7, 2013

Poetic Justice: Shocked Obama Supporters Discover Their Taxes Went Up

Stolen From Wake Up America (With Permission)



One difference between those that voted for Obama and those that did not, is that those that did not vote for Obama are not surprised in the least that in the fiscal cliff deal, taxes went up, not only for the so-called rich, but for 77 percent of all American workers.

Via Bloomberg:

The budget deal passed by the U.S. Senate today would raise taxes on 77.1 percent of U.S. households, mostly because of the expiration of a payroll tax cut, according to preliminary estimates from the nonpartisan Tax Policy Center in Washington.

More than 80 percent of households with incomes between $50,000 and $200,000 would pay higher taxes. Among the households facing higher taxes, the average increase would be $1,635, the policy center said. A 2 percent payroll tax cut, enacted during the economic slowdown, is being allowed to expire as of yesterday. 
One percent of households, or those with incomes over $506,210, would pay an average of $73,633 more in taxes.

80 percent of households making between $50,000 and $200,000 will pay an additional average of $1,635 in taxes withheld from their paychecks.

Also, according to the nonpartisan Tax Policy Center in Washington, the tax burden will increase more for someone making $30,000 a year (1.7 percent) than it does for someone earning $500,000 annually (1.3 percent).

Conservatives making  $50,000 and $200,000, that are now seeing smaller paychecks, are suffering as much as liberals making equal amounts, but the conservatives are definitely not surprised. On the other hand, Obama supporters, are expressing anger, shock and outrage over Washington's fingers snatching more money from their paychecks.

Obama supporters believed the statement below, conservatives did not.

“I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.”---- ” Barack Obama, September 2008. “

 Joseph Curl over at Washington Times visited one of the most liberal websites on the Internet and reports on some of the shocked outrage by Obama supporters.
“What happened that my Social Security withholding’s in my paycheck just went up?” a poster wrote on the liberal site DemocraticUnderground.com. “My paycheck just went down by an amount that I don’t feel comfortable with. I guarantee this decrease is gonna’ hurt me more than the increase in income taxes will hurt those making over 400 grand. What happened?”

[...]

“My boyfriend has had a lot of expenses and is feeling squeezed right now, and having his paycheck shrink really didn’t help,” wrote “DemocratToTheEnd.”
Now of course, some obamabots can't bring themselves to blame Obama because they reelected him despite the fact that Mitt Romney and Republicans warned them Obama was going to raise their taxes, and they cannot cast the blame on Republicans because the GOP has been extremely vocal in the battle to extend all tax cuts, but they lost.

So those Obama supporters found someone else to blame:

“BlueIndyBlue” added: “Many of my friends didn’t realize it, either. Our payroll department didn’t do a good job of explaining the coming changes.”

It is the payroll departments fault.

More:
Some in the thread argued that the new tax — or the end of the “holiday,” which makes it a new tax — wouldn’t really amount to much. One calculated it would cost about $86 a month for most people. “Honeycombe8,” though, said that amount is nothing to sneeze at.

“$86 a month is a lot. That would pay for … Groceries for a week, as someone said. More than what I pay for parking every month, after my employer’s contribution to that. A new computer after a year. A new quality pair of shoes … every month. Months of my copay for my hormones. A new thick coat (on sale or at discount place). It would pay for what I spend on my dogs every month … food, vitamins, treats.”
Now, even before Obama is inaugurated for his second term, to which these very people are completely responsible for, they are already expressing buyer's remorse:
“Really, how am I ever supposed to pay off my student loans if my already small paycheck keeps getting smaller? Help a sister out, Obama,” wrote “Meet Virginia.” “Nancy Thongkham” was much more furious. “F***ing Obama! F*** you! This taking out more taxes s*** better f***ing help me out!! Very upset to see my paycheck less today!”

“_Alex™” sounded bummed. “Obama I did not vote for you so you can take away a lot of money from my checks.” Christian Dixon seemed crestfallen. “I’m starting to regret voting for Obama.” But “Dave” got his dander up over the tax hike: “Obama is the biggest f***ing liar in the world. Why the f*** did I vote for him”?

A quick note to Obama supporters, those that ran to the election polls and pulled that lever for Barack Obama.

Sit down and STFU, you voted for this, you got what you voted for and have absolutely no right whatsoever to complain about it now.

Deal with it... the rest of us have to because of your uninformed decisions.

Saturday, April 14, 2012

The Pot Calling The Kettle Black!

For over a year President Barack Hussein Obama has been screaming out the Mantra:
Warren Buffett's Secretary pays more in taxes than he does.
But the fact is that President Barack Hussein Obama's secretary pays more in taxes than he does.
President Obama and first lady Michelle Obama had a combined income of $789,674 in 2011 but paid a lower tax rate the president's secretary, who made less than $100,000, the White House confirmed Friday.

The Obamas paid an effective rate of 20.5 percent. White House aides would not reveal presidential secretary Anita Breckenridge’s tax rate but confirmed it was higher than the first family's rate. Breckenridge earned $95,000 last year.

The Obamas' rate is less than the 30 percent the president wants millionaires to pay under his proposed Buffett Rule.

“The president’s secretary pays a slightly higher rate ... than the president on her substantially lower income, which is exactly why we need to reform our tax code and ask the wealthiest to pay their fair share,” White House spokeswoman Amy Brundage told Fox News.

The release Friday of the tax returns for the president and the family of Vice President Joe Biden came on the same day in which the Obama campaign in Chicago attacked likely GOP-presidential nominee Mitt Romney for, so far, releasing only his most recent tax returns.

“Did he pay a lower income tax rate than the 13.9 percent he paid in 2010 and is that why he opposes the Buffett Rule to ensure millionaires don’t pay less taxes than middle-class families?” Obama campaign manager Jim Messina asked in a press release from the campaign.

The Obamas paid more than $160,000 in federal taxes last year.

The president's 2011 federal income tax return shows reported adjusted gross income of about $790,000 last year. About half of the first family's income is the president's salary. The White House says the rest comes from sales of Obama's books.

The White House released a copy of the president's tax return, which also shows charitable donations of more than $172,000.

Obama is donating after-tax proceeds from his children's book to the Fisher House Foundation. The charity helps veterans and military families receiving medical treatment.

For Biden and his wife, Jill Biden, this year's tax return looks almost identical to last year's.

Returns for 2011 released by the White House show the Bidens paid $87,900 in federal taxes on adjusted gross income of $379,035.

Their income was $143 below their 2010 return, but their tax bill was $1,274 higher. In both cases, the effective tax rate was just over 23 percent.

On the latest return, the Bidens listed $5,540 in donations to charity.

Most of the couple's income came from the vice president's salary of $225,521 and Jill Biden's wages of just over $82,000 for teaching at Northern Virginia Community College.

Source
Perhaps we should rename the Buffett Rule.  Not to the Reagan Rule as President Barack Hussein Obama demands we do, but to the Obama Rule.  For the Hypocrisy of the man.




Wednesday, January 25, 2012

The Leopard Will Change His Spots

Book of Obama Chapter 13

And the Holy One, anointed by Holy Chief of Justice, John of Roberts, returned to the Dome of the Capital, dressed in the Holy suit and tie and addressed the assembled chapter of the Congress, the Holy Justices of the land, the members of the anointed Cabinet and guests from near and far, the Anointed One, Wearer of the Mantle of Power, spoke:
I ended the war in Iraq, I killed the evil bin Laden, and personally I welcomed all the soldiers home from Iraq. I am the Holy One, the President and I can do everything.  I have brought peace to the world, the world respects us better now than at any time, I will end the war in Afghanistan too.  For I am the Messiah of the World.

I want all of you, My slaves oops My people to remember what I did for you after World War 2.  My Grandfather who fought with Patton (and liberated Auschwitz) and My Grandmother who built the entire US Navy by herself, got to go to college for nothing.  They built the US to its greatness all by themselves.

But now I see that you have done everything to destroy Me.  You have overspent, you have destroyed My credit (and yours), you have bought homes that you could not afford.  But I am here.  I will pay your mortgages.  I will refinance your mortgages.  I will make it all better.  I am your Savior.

I will prevent jobs from going overseas.  I will investigate businesses who outsource their jobs to China.  (That is until Warren Buffet tells Me to stop.)  There will be no more bailouts for banks, for Wall Street, for anyone, except for Unions.  I saved the auto industry.  No one helped Me.  And they are stronger now than before.  (Sorry about the Volt thing.)  I will make other nations have an equal playing field with Me.  I am the equalizer.

I will tax the rich higher.  And I will tax everyone else higher too.  I will change the tax code.  I am Omnipotent.  I can and will do all.

I salute America's teachers.  I stand by your unions.  I will throw more money to you so you can indoctrinate the children.  I want a law saying that a child must stay in school until either he or she graduates or turns 18.  That way I can have them indoctrinated to be our slaves.  I will find a way to destroy the home schools, the private schools (But not the ones My daughters attend.), and the religious schools.  Everyone will learn the same, think the same, live the same.  Everyone will get free college under Me.  (Except to the "good" schools.)

I will give citizenship to every immigrant to the United States.  It matters not to Me if they are legally here or not.  And I demand that this be done before the November elections (I need the votes.).

I will create jobs in energy.  I will have the oil fields opened up.  (Until the environmentalists either go to court or demand that I stop.)  I demand that we develop alternate energy (The people who created Solyndra have given Me more money.  I need to give them more government funds.)  Under Me the United States has imported less oil than in the last 16 years.  (Not really but if you tell a lie long and loud enough the sheeple will believe it.)

I will clear away all the Red Tape, all the government regulations that hold business down.  But only until I am re-elected.  Then not only will it all return but I will impose stricter restrictions upon the land.

Under My leadership the Muslim world has undergone transformations.  I was the cause of the Arab Spring, the Arab renewal, the Muslim revival.  This is all good in My eye.  I will remove Assad from Syria, nukes from Iran and Jews from Palestine.  I will defeat the evil Netanyahu and replace him with the moderate Abbas.  There will be peace through out the land, for under Me all will drink the Kool-Aid and sing the Kumbaya.  Under Me all men, all women will live in peace.  There will be peace, the peace of Islam and the joy of the jizya.  This I will demand of the world.
Upon listening to this the people turned to each other and wondered why the Anointed One didn't do any of these things when He first came into office.  They saw what He had done and shook their heads.  In a loud voice they shouted:

NOT THIS TIME!


Tuesday, November 8, 2011

Let's Eat The Rich

Stolen From Observations

Six-and-a-half minutes of hard economic reality



This video should be shown to each and every idiot in the Occupy movement.  Force them to watch it as in A Clockwork Orange:

Saturday, June 19, 2010

Amputate or Die



From To The Point News:

Written by Dr. Jack Wheeler
It was a sobering dinner party last night (6/16). Hosted by a London billionaire in his exquisite home - a Boccaccio hung on the wall behind me - the wine flowed liberally, but the conversation between the ten of us was stone-cold serious.

There were lighter moments, as when I proposed a toast to "a great hero of Europe - Geert Wilders." Every one raised their glass in a smile, but the biggest smile was that of a spectacularly gorgeous super-model (you've seen her in many a high-fashion ad). She was from Holland.

Then a well-known Hollywood producer raised his glass to toast his hero - Ronald Reagan. "We need him again," he commented. I guarantee you've watched one of his TV shows.

But when a self-made billionaire with an 11-figure private equity fund and a clear grasp of Austrian economics starts to talk about America's prospects, you listen. So we all listened.

Being in London, he started there. "To call (new Brit PM David) Cameron a disaster is like calling Hurricane Katrina a squall. He's as much a Conservative as I am a Moslem. I have already started preparing to relocate to Switzerland. If he succeeds in his current push to raise capital gains taxes from 18% to 50% -- and it looks like he will - the British economy and the London real estate market will crash. The best play around will be to short the pound.

"In short, Cameron and Osborne (George Osborne, David Cameron's Oxford classmate and now in Cameron's cabinet as Chancellor of the Exchequer, equivalent to our Treasury Secretary) lead secret lives. Just as they hide from the public that they are homosexual behind the pretense of a marriage, they hide their liberal agenda behind the pretense of being conservative. They will destroy Britain's economy just as sure as Obama is destroying America's."

There followed a spirited exchange about financial escape hatches -- if the euro, the pound, and the dollar fall off their respective cliffs, where does anybody go? The time-worn adage of "buy gold, buy silver, buy Swiss Francs" may work for individuals, but world equity markets are in a trap from which there is no clear exit.

One opinion was, "The best run governments around today are those of Canada and Singapore - having one's savings denominated in their currencies is not a bad idea." Then we got back to America.

"You know what my biggest fear is?" our host asked. "It's not really Obama, for what he's done is to accelerate what the liberals have been slowly doing for decades - so quickly that their socialism is obvious to everyone. Which means the solution is obvious to everyone. My biggest fear is that voters will give Republicans the power to repair America on November 2nd - and the Republicans won't have the courage to do it."

All I could respond with was "Ouch," to shake my head and sigh. I mentioned an email I just got from a friend of many years in Las Vegas. He's a very successful banker and businessman who knows everyone in Republican politics in Nevada - and I had asked his opinion of how Sharron Angle might possibly beat Harry Reid. The reply I got back shocked me. He will do nothing to help her, he said, as she is too "extreme."

Why is she considered extreme? our host asked, not on intimate terms with Nevada primary elections. Because she wants a government restricted to constitutional activities, I replied, which means, for example, eliminating such things as the Department of Education and the Environmental Protection Agency.

Our host leaned over the table to look at me as if his eyes were lasers. "Jack, you need to explain something to your friend. You need to explain something to America and all those Congressmen you know. Amputate or die. That's the choice America has right now. That's the choice Republicans will have after November 2nd, because they're the only surgeons around who can do the surgery."

Everyone was quiet so he continued. "Gangrene will kill you. If you don't amputate a finger or other limb that's gangrenous, it will spread bacterially [via Clostridium perfringens], and you will die. Look at these unconstitutional growths of government on the body public as gangrenous infections that have to be amputated for the body to continue living."

He looked around the table at all of us. "You know that I know all the main players in the world economy. Some are fools who don't know what they are doing like Strauss-Kahn (Dominque Strauss-Kahn, head of the IMF, International Monetary Fund), some are not like Trichet (Jean-Claude Trichet, president of the European Central Bank). America has no adult on the economy's lever - Geithner is more of a hopeless disaster than Bush's Paulson was, and Bernanke is worse than Greenspan.

"So I don't know any player whose smarts I really respect who has much hope for America, who doesn't see an alternative future than the destruction of America's wealth through hyper-inflation. They think elephants will fly before Republican elephants will do what is necessary if the voters give them the power to do it."

He looked at me - so everyone else did. "Are they wrong, Jack?" The question hung in the air as I felt my face redden.

"Thanks, pal," I responded with a smile to gain a little time. Everyone did laugh for just a moment, then I had to jump into the waiting silence. Here's what I said.

"The situation is dire, there is no doubt, the gravest since the Civil War. The only hope I see is with the anger of the TeaPartyers. That anger is directed just as much towards Republican cowards as towards Democrat fascists. We don't have to wait long to see the power of that anger. Just six days from now (6/22) in South Carolina, Nikki Haley the TeaPartyer is going to wipe out Gresham Barrett the RINO, even though the state GOP establishment is doing everything slimy to smear her.

"I think your player-friends have to see things not as Democrat vs. Republican but as the Court Party - the establishment in power be they Democrat or GOP - vs. the Country Party, the TeaPartyers who want an end to all the corruption, Dem or GOP. Your players are part of the Court Party. The TeaPartyers you might think are like those who led the French Revolution - but they are like those who led the American Revolution instead.

"Yes, the TeaPartyers own most of the 300 million guns in America, but they don't want blood unless there's no choice. Note the ‘unless.' November 2nd better be an honest election. What the TeaPartyers must grasp is Churchill's call after the battle of El Alamein [November 1942], that November is only ‘the end of the beginning.'

"So you are right - the only hope is radical surgery to cut out all the metastasizing cancer, to amputate unconstitutional gangrene, or another metaphor, to be like Alexander and cut the Gordian Knot with a swordstroke.

"But the question really is not whether Republicans have the courage to perform the surgery, to defund ObamaCare, to defund the entire Obama agenda, to defund entire agencies like the Department of Education, Energy, and the EPA. It is whether the TeaPartyers have the courage and capacity to force the Republicans to. I mean, how is eliminating the EPA extreme, and EPA unconstitutional fascism not extreme? We'll find out, because they are America's only hope now."

Everyone waited for our host's response. "And the hyper-inflation? The debt's already baked in the cake, no matter what future spending is cut."

"Hyper-inflation is only another word for total default. The only way to avoid it is a government default on its debts only. Then we can switch from a worthless fiat currency to an asset-backed currency." I smiled. "Gold brings freedom."

He smiled in return and raised his glass. "We can all drink to that. To gold, to freedom, and these TeaPartyers - may Jack be right about them. May they amputate fascism before the fascists amputate our freedom."

I fear that if the election in November isn't honest (See here for the typical tactics the Democrats and Obama employ.) or the Republicans turn RINO and refuse to do the People's biding we will start to see mobs of angry voters.  We are already angry, it won't take much to light the fuse.

Wednesday, February 24, 2010

Let Us Kill Our Citizens!



That is what the City Council of Tracy, California has decided to do.  If the citizens of the city don't pay the new Extortion Tax of $50 a year.  Paying this Extortion will insure that the citizen can call 911 for a medical emergency and not have to pay the $300 fee for the service ($400 for non-residents).
Tracy residents will now have to pay every time they call 9-1-1 for a medical emergency.

But there are a couple of options. Residents can pay a $48 voluntary fee for the year which allows them to call 9-1-1 as many times as necessary.

Or, there's the option of not signing up for the annual fee. Instead, they will be charged $300 if they make a call for help.

"A $300 fee and you don't even want to be thinking about that when somebody is in need of assistance," said Tracy resident Greg Bidlack.

Residents will soon receive the form in the mail where they'll be able to make their selection. No date has been set for when the charges will go into effect.



Now imagine you are on a fixed income, didn't pay the extortion fee, and have a heart attack. Or your spouse has a heart attack.  Do you dare call 911 and pay $300? Can you afford to?

Imagine the panicking parent with a child who is choking.  No money for the service.  Can you imagine the parent holding their child tightly to him or her, while he or she watches their beloved child die because they were poor.

If an accident were to occur, who would be charged for the 911 call. And if it was the caller, would he or she be able to afford it?

That will happen. When the poor and middle class are forced to pay for this service, then they will feel the brunt of the burden.

If the City of Tracy gets away with this, every city, town and village in the US will do the same.

Wednesday, January 20, 2010

The Awakening!


Book of Obama Chapter 9

All through the first year of The Anointed One the people of the land did grumble.
"You are spending too much!"
"Increasing the debt!"
"The jobs are gone, make more!"
"The banks will fail again!"
"The car companies will fail!"
"HEALTH CARE!"
And did The Anointed One listen to the people of the land?  No He did not.  For He was told by Pelosi the Loud and Reid the Inept that they can do what they want, for the people will forget.

So while all through the Summer of Discord,. while tempers ran wild, The Anointed One just plowed forward with His own New Deal.

"We will push it through Congress!" The Anointed One shouted to His staff.  "We will force this on the people."  And the Progressives did laugh.

"We will change the nation, turn it into Europe-lite.  By the time We are finished, those idiots in the street will not be able to change it back."

"For Nanny is the name of the New Welfare Plan.  Total Cradle to Grave, We will do to them as well.  I know best, that everyone can see.  My way is the Right Way.  That is what I say it will be!"

All through the summer and into the fall, the warning signs were there for all to see, but The Anointed One became blinded to the truth.

He ignored the disaster of the Olympics, how His city of Chicago was turned down.  Or when He went to campaign for Virginia and Jersey of New, He couldn't turn those races around.

He put on the tears for the victims of Fort Hood, but refused to call it terror.
He ignored the Christmas bomber, it upset His plans for golf and fun that week.
But when His friend's son received a boo-boo, He ran back as fast as He could.
He partied day and night in the warm Hawaiin sands.

But on the eve of His first year anniversary.  He has received the worst news.
The Fiefdom of the Kennedy's:  Massachusetts has left the color blue.
The Fiefdom that old Joe the Bootlegger bought for his own son.  A piece of land that was the birthplace of the progressive slant.
The land of Harvard (the school The Anointed One attended.), of Barney the Frank and Kerry the Swiftboater, plus other illustrious names.
The Fiefdom of John the Martyr and Teddy the Lecher, both of Camalot fame, did hold court.  Those names plus Tips, remained true in count.

Yet of the day before the anniversary of the anointing by John of Roberts, the Holy Chief of Justice, where He was endowed with the Mantle of Power, did the news break unto Him.  His party just lost the Fiefdom of Massachusetts, and may never get it back.

There goes the New Deal for the Nation.  The Nanny must go!  The people have turned against us.  Our seats will be given to another.  The people have spoken in Massachusetts, a Fiefdom so blue it was nearly black.  The Kennedys don't run this Fiefdom any more.  The people have taken it back!

"We are fed up with your nanny, spending and lies.  You promised us openness on C-SPAN!  You said no smoke-filled rooms, transparency.  Yet you haven't delivered these.  What we want is good government.  Lower taxes, more jobs, less waste, less debt.  We didn't get that.  We want to feel safe when we fly.  Yet we don't feel safer too.  You treat those who cause harm to us like the common criminal.  Giving them rights they are not entitled to, setting them upon our shore.

For all these reasons and more, we have chosen our new champion Brown of the Body Politic.  He is our champion.  He is our Redeemer!"

The Anointed One reeled in horror.  He was the chosen.  He wore the Mantle of Power.  He was the one they had to worship.  He would see to it that the people would have this nanny nation to live on.

But it is too late for the false Messiah He has become, His oration will fail.  For the people of the nation have awakened.  Now they will just count the days to the next election where they can correct the mistake they made in 08!

Dedicated to the late Roger W. Gardner of Radarsite.  Massachusetts was his home state!

Friday, May 29, 2009

Taxes to go up 10%!


For years I have heard of the proposal to impose a Value Added Tax (VAT) on the American people. While this sounds logical, it is fraught with many dangers.
What is a Value Added Tax?

A Value Added Tax is a consumption tax levied on value added. In contrast to sales tax, VAT is neutral with respect to the number of passages that there are between the producer and the final consumer; where sales tax is levied on total value at each stage, the result is a cascade (downstream taxes levied on upstream taxes). A VAT is an indirect tax, in that the tax is collected from someone who does not bear the entire cost of the tax.

Personal end-consumers of products and services cannot recover VAT on purchases, but businesses are able to recover VAT on the materials and services that they buy to make further supplies or services directly or indirectly sold to end-users. In this way, the total tax levied at each stage in the economic chain of supply is a constant fraction of the value added by a business to its products, and most of the cost of collecting the tax is borne by business, rather than by the state. VAT was invented because very high sales taxes and tariffs encourage cheating and smuggling. It has been criticized on the grounds that (like other consumption taxes) it is a regressive tax.
Under the VAT everything is taxed. Everything. There is a tax on goods and services, but also VAT on your utilities, food, entertainment (movies, shows, etc...), your mortgage or rent is taxed, your gas will be taxed, doctors visits, I believe that you get the point.

The groups that get hurt the most from a VAT are the ones who can least afford to pay it: The Poor and Middle Class.

Yet the Democrats, those champions of the downtrodden poor, are now considering this:
As lawmakers toy with the idea of an across-the-board sales tax on just about everything, tax reform advocates are starting to drum up opposition with the same fervor they employed during last month's anti-tax tea parties.

The idea of a national sales tax was once unlikely. But now that the federal government is doling out billions in stimulus spending and bailouts, and looking for billions more for health care reform, the prospect could be gaining some traction.

The frenzy over the idea kicked up after a Washington Post article Wednesday reported that Congress is starting to pay closer attention to this largely academic proposal and that the Obama administration, though shushing speculation, is soliciting advise from supporters of the idea.

"It should certainly raise alarm bells that they think they can inject it into the debate," said Phil Kerpen, policy director at Americans for Prosperity.

The value-added tax, or VAT, as it is called, amounts to a tax-on-everything -- or TOE, for the acronym-inclined. It's a tax on goods that's applied in pieces throughout the chain of production and distribution and results in an increase in the cost of virtually everything you buy.

Aside from raising revenue for the government, the move could have a number of things going for it, say proponents -- it's tough to evade, it's simple by comparison to the income tax and it encourages saving.

Some conservatives have called for something similar -- the so-called Fair Tax -- that would replace the federal income tax system with a national retail sales tax.

But critics of the VAT say it would almost certainly not be implemented as a replacement for the income tax system -- rather, it would be just another tax, on top of the income tax, the state sales tax and everything else.

"This isn't a tax reform proposal that the White House is talking about. This is a new source of income for the government," said Max Pappas, public policy vice president at FreedomWorks. "The government needs big taxes and we've got big government, so now they're trying to decide how to pay for it."
Every nation that has a Value Added Tax has no Income Taxes. The VAT replaces the Income Tax. Except for the US, here it would be in addition to the Income Tax. A 10% tax hike would go into effect.

View a list of nations with a VAT here.

So much for promises of no tax hikes. Here comes the biggest tax increase in the last 60 years. Hold on to your wallets, for the US will get a Value Added Tax on top of our Income Taxes.