PDA

View Full Version : This year you work for the Govt till July 15th.



Sev
07-12-2012, 06:42 PM
Thats 197 days you suckers have to work for the government.
Embrace it. Love it. Cherish it.
Next year it will be even later.

I'm opting out.

Read it and weep.
<span style="color: #000000">
<span style='font-size: 23pt'>Happy Cost of Government Day</span>

http://www.usnews.com/pubdbimages/image/33683/EC_120712_ramirez425x283.jpg

http://www.usnews.com/opinion/blogs/peter-roff/2012/07/12/happy-cost-of-government-day
Do you ever wonder how much the government actually costs you? Not just as a percentage of total income over the course of year, but in terms of how much time you spend working for yourself versus the amount of time spent making enough money to cover your share of the cost of the government?

Every year, the Americans for Tax Reform Foundation, a nonpartisan, pro-taxpayer group headed by activist Grover G. Norquist, publishes a " Cost of Government Day" analysis that determines until what date during the calendar year the average American must work to pay for the full costs of government spending and regulation.

"This year, Cost of Government Day falls on July 15, meaning Americans labor a full 197 days into the year to pay for local, state and federal government spending and regulations," the foundation said in a release. "This year marks the fourth straight year COGD has fallen in July. Prior to the Obama Administration, COGD had never fallen later than June 26."

[See a collection of political cartoons on the budget and deficit.]

The largest driver of these costs, Americans for Tax Reform explained, is spending: "This year, Americans must work a full 88 days to pay for the costs of federal spending. This is in addition to the 40 days spent working to pay for state and local spending." Proving once again that former President Ronald Reagan was right when he said, "Government is too big and it spends too much."

"Another growing concern," the group said, are regulatory costs, as "taxpayers are forced to labor 69 days to pay for federal and state regulations, a workload that will increase exponentially as regulatory agencies continue to grow."

Things are not much better in the states. "As in past years, taxpayers in Connecticut must work the longest to celebrate their COGD, laboring all the way until August 9 to pay off the full costs of government. Taxpayers in Tennessee worked the shortest amount of time to pay off their burden of government, laboring until June 28."

Those who argue the Obama administration has been modest or centrist in its approach to governance should, in the face of these numbers, take the time to rethink their arguments. With the American people in all 50 states spending more than half a year paying for government, it is in fact fair to wonder if we are getting the kind of government we are paying for.</span>

Soflasnapper
07-12-2012, 06:49 PM
This is stupid now, and every year they make the same ridiculous arithmetical error.

Unless you really believe that saying my and Bill Gates average net worth set at $33 billion (whatever) means much of anything.

It may be true, but it hides the meaningful truth, and does not reveal it.

Sev
07-12-2012, 07:31 PM
Yada yada yada. /forums/images/%%GRAEMLIN_URL%%/smile.gif

cushioncrawler
07-12-2012, 08:16 PM
Yeah the last time we had that krapp i seem to remember proper kalkulation showed that it woz payd off at about the end of Jan.
mac.

Soflasnapper
07-12-2012, 10:16 PM
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Sev</div><div class="ubbcode-body">Yada yada yada. /forums/images/%%GRAEMLIN_URL%%/smile.gif </div></div>

Very true. I can't believe they recycle this crap every year. Fact checking and reasoning cannnot stop it.

With the holy scripture prescribed 1% earning 30% of the income, and paying slightly a greater amount of the tax revenue, it kinda averages everyone up into an 'average' tax rate they are not in at all.

The proper measure if it's possible is the median, not the average. The median has half the country above it, and half, below it.

For example, the median federal income tax rate in the '00s used to be 5%. It's probably lower now.

Using the flawed average federal income tax rate shows a 7% federal rate.

40 or 50% of people earning wages pay no federal income taxes. They may pay 7.65% on FICA/MC payroll tax. Oh wait! Reagan's policy of refunding his 50% increasd FICA tax rate on wages, a refund doubled in size by Clinton's tax cut policy expanding the refund to a family of 4 with $38,000 in income, rebates the FICA tax in the Earned Income Tax Credit Act.

Every wage earner has received a 2% cut in the FICA tax on all his income below $102,000 in the Obama payroll tax cut the GOP tried to kill. It's been in effect a year and 6 months. So instead of 7.65%, it's 5.65%.

Add 5% FIT to 5.65% FICA/MC payroll tax (lower, because of the EITC), add 2% for effective state income tax rate (considering personal and dependent deductions off the top and states with no state income tax), 2% for sales tax (considering major expenses like food and medicine and rent may be untaxed and some states have no sales tax), and you get 14.65%.

12 months x 14.65% is 1.758 months. An average month is 30.4 days. Converting, that is 53.47 days. January takes 31 of them. Leaving the date of February 22 as the realistic date for an average person.

Including for paying (ha ha! I mean borrowing and paying the carrying charge) for a an 11 year old war's escalation by 50%, and the continuing costs of a global <s>occupation </s> basing <s>of</s> on 108 countries across the world, and 48% of the world's 'defense' spending. Including all the debt service for the whole shebang of $10 trillion spent on the war machine.

February 22nd, for all of that? For all of that? No to mention the interstate highway system, MC and SS and Medicaid and SCHIP, disaster relief, fire and police departments, and on and on?

That's why they lie. Lies, damn lies, and then statistics.