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On taxes...

New for Minnesota 4/25/13

Minnesota is looking at 2.6 BILLION dollars in new taxes and tax hikes!

“It’s a large increase, but it has to happen,” said Rep. Erik Simonson, DFL-Duluth. “Somebody has to step up to the plate, be a leader and make the tough decisions, and that’s what we’re here to do.”

NO - It does not have to happen.  JUST STOP SPENDING!

“Everyone will pay more for beer, for baseball cards, for cigarettes, for rental cars, and the list goes on and on,” said House Minority Leader Kurt Daudt, R-Crown.   But what else?

Of course this proposed bill isn't just about tax hikes.  IT CONTAINS EVEN MORE SPENDING!

Live in the Twin Cities?  Expect an even higher sales tax so the children at the Met Council can build their trains...

Out of control government spending - out of control taxation!

If you read Publication 510 as revised Sept 2012, you will find there are all kinds of new taxes! 
Here's the online version.   Here's the PDF version (easier to read). 

These are manufacturer's taxes so at retail, it may just appear as a greedy corporate price hike to the consumer...  

Among others you will find:

A little more detail from Publication 510:

Partial reporting by the media

In mid '99, Federal Reserve Chairman Alan Greenspan testified before Congress and was hailed by liberals and the news media for "trashing" the tax-cut bill currently under consideration by Congress.

Unfortunately the news media and liberals failed to include all of Mr. Greenspan’s testimony in their reports and statements. "My first priority, if I were given such a priority, is to let the surpluses run," Greenspan told Congress.

But here is the rest of his statement: "As I’ve said before, my second priority is if you find that as a consequence of those surpluses they tend to be spent, then I would be more in the camp of cutting taxes, because the least desirable is using those surpluses for expanding outlays."  

Cost of taxes

"In 1904, government, federal and state, cost every citizen $20 per year, according to a 1999 Tax Foundation study. Don't blame inflation --that only brought it to $340. For more than 150 years after we declared independence, we spent less than $1,000 each on government. Yet by 1999, government cost every man, woman and child an average of more than $10,000 per year -- more than housing and health care combined." The article by John Stossel John's Archives

Also see how much tax...


"Temporary" Taxes

What is a "Temporary Tax"?  These were all enacted as "temporary". Many of these still exist today! 

Why you may ask, one reason is the National Debt Ceiling (spending limits) has been "temporarily" raised many times: From $930 Billion in 1980 to a staggering $6.3 Trillion today: Source1 

Just for fun, here is a short list of known taxes

See Too Many Taxes

More taxes were simply inevitable...

Regardless of what the stock market looks like, our economy is in an incredibly poor state.  According to the US Treasury, we will be paying $191,918,606,815 in interest alone on our outstanding debt and that's only through October of this year.

With estimated 5.4 trillion dollar revenues and 6.3 trillion dollar spending, something must be done!  But more taxes is not the answer.  However, an Internet sales tax will likely become law, perhaps soon. 

But this may be a dangerous road...  Article