"The most significant threat to our national security is our debt," Admiral Michael Mullen, Chairman, Joint Chiefs of Staff, August 27, 2010


Saturday, August 13, 2022

Worth reading...

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As the late great Ronald Reagan once said, the nine most terrifying words in the English language are: “I’m from the government, and I’m here to help.” 

He was right.

Yet here we are with inflation at a 41-year high, the worst border crisis in U.S. history and crime surging across across the country and what are Democrats focused on? 

Flooding the IRS with $80 BILLION in new funding to hire an additional 87,00 new auditors and agents to go after everyday Americans and small businesses. 

To put that into perspective, that’s roughly double size of the agency currently and more than the staff of the Pentagon, FBI, Border Patrol and State Department combined. 
 
Sadly, this wouldn’t be the first time the IRS was weaponized against the American public. Who could forget Lois Lerner? 

Lerner of course is the disgraced former high-ranking IRS official under the Obama administration who oversaw the intentional targeting and harassment of conservative taxpayers. Her seething disdain for conservatives, whom she referred to as "crazies" and "a--holes," was palpable.

The evidence of IRS abuses is overwhelming and points to a chilling pattern of intimidation and harassment against American citizens. And now, middle-class families are in the crosshairs.

You can rest assured that I voted NO on this legislation. Read the below Wall Street Journal editorial and let me know if you agree with my vote.

Vern

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The IRS Is About to Go Beast Mode

The Editorial Board

Progressives want Joe Biden to unleash what they call “beast mode” executive power, and the Schumer-Manchin tax bill supplies the cash to turn the Internal Revenue Service into Wolverine.

The pact between Sen. Joe Manchin and Majority Leader Chuck Schumer includes $80 billion in new funding for the tax man. Democrats claim this “investment” will yield more than $200 billion in revenue. That estimate is highly speculative, but if it’s anywhere close to right IRS auditors will soon be coming after tens of millions of Americans.

The $80 billion is more than six times the current annual IRS budget of $12.6 billion. The money will be ladled out over nine years and comes with few strings attached. The main Democratic command is for the tax agency to bring the hammer down on taxpayers.

The bill earmarks $45.6 billion for “enforcement,” including “litigation,” “criminal investigations,” “investigative technology,” “digital asset monitoring” and a new fleet of tax-collector cars. The result will be far more audits, civil suits and criminal referrals.

The main targets will by necessity be the middle- and upper-middle class because that’s where the money is. The Joint Committee on Taxation, Congress’s official tax scorekeeper, says that from 78% to 90% of the money raised from under-reported income would likely come from those making less than $200,000 a year. Only 4% to 9% would come from those making more than $500,000.

The IRS knows the super-wealthy employ lawyers and accountants who make litigation time-consuming and risky. It also knows that Democrats would howl if the agency pursues fraud in the earned-income tax credit program, despite what the IRS has estimated are $18 billion in improper payments each year.

A particular audit target will be “pass throughs” including Subchapter S businesses that file under the individual tax code. Democrats failed to raise the top individual tax rate, so unleashing IRS auditors is Plan B.

Many of these are small businesses that will settle with the IRS rather than fight and endure years of costly litigation. The IRS won only $1.7 billion of the $4 billion in disputed taxes and penalties in cases closed in U.S. tax court in fiscal 2019. But few taxpayers can afford to fight in court.

Despite all this new money, Americans shouldn’t expect better IRS service. The agency in the 2022 filing season answered a mere 10% of its phone calls. The Taxpayer Advocate Service revealed in June that as of May 31 the IRS was still sitting on 21.3 million unprocessed paper tax returns, with millions of taxpayers “waiting six months or more to receive their refunds.” Yet the Schumer-Manchin bill devotes only $3.2 billion for “taxpayer services.”

The bill does, however, provide $15 million to study a bad Elizabeth Warren idea. An IRS task force will have nine months to deliver a report on the feasibility of the IRS running its own “free direct efile tax return system.” America has a voluntary tax system that lets taxpayers determine their correct amount of tax before the IRS checks it.

Sen. Warren wants to create what would be a federal H&R Block that assesses tax liability for taxpayers. Taxpayers would presumably have to appeal if they disagree, and who knows how long that would take.

All of this is likely to be made worse by what seems to be the increasing politicization of the tax agency. Lois Lerner notoriously targeted conservative nonprofits for special scrutiny in 2013. ProPublica, the left-leaning website, obtained and published the confidential tax information of private citizens in 2021—conveniently when Democrats were debating whether to impose a new wealth tax. The IRS has promised to investigate the illegal leak but has so far come up empty.

The new wave of audits will hit taxpayers even as tax revenue as a share of GDP is back close to its historic norm of 18.5% and may be going higher as corporate and individual tax revenue soars. Tax receipts were up 25% in the first nine months of fiscal 2022 after rising 18.3% in fiscal 2021.
 
The federal government isn’t starving for revenue. Congress wants more tax revenue because it can’t control its appetite for spending. That’s why it wants a tax agency in beast mode.

 



Thursday, August 11, 2022

“… if they remain quiet… it is a lethargy… of death to the public liberty.”

Here are Thomas Jefferson’s (TJ’s) written words* –

Paris Nov. 13. 1787.

the people can not be all, & always, well informed. the part which is wrong [. . .] will be discontented in proportion to the importance of the facts they misconceive. if they remain quiet under such misconceptions it is a lethargy, the forerunner of death to the public liberty. we have had 13. states independant 11. years. there has been one rebellion. that comes to one rebellion in a century & a half for each state. what country before ever existed a century & half without a rebellion? & what country can preserve it’s liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance? let them take arms. the remedy is to set them right as to facts, pardon & pacify them. what signify a few lives lost in a century or two? the tree of liberty must be refreshed from time to time with the blood of patriots & tyrants. it is it’s natural manure.

My words now… I am an American goof… gettin’ old ornery fella… conceived/born 1942… WWII time… that’s a fact Jack.

I find today's “misconceive” DC dopes to be exactly what TJ told us a while ago would occur…”death to the public liberty…” they’re doin’.   We can vote the DC dopes goodbye… perhaps… maybe… butt, doubtful.   We’ll see. If not, well this almost 80 y/o goof is ready to give TJ’s “tree of liberty… it’s natural manure”.   What say thee… ?

* https://tjrs.monticello.org/letter/100


Friday, August 5, 2022

Nancy’s silliness… is now ours

Folks, this is gonna be fairly brief… here are several words I wrote several hours ago…

“If we Americans have witnessed a lesson of history’s repeating itself… if we are as smart and accomplished as we claim endlessly to be… if we Americans are the answer to all that matters as history repeats itself over and over… again and again… what the H E double L are we doing allowing Nancy and a few of her friends to travel 🧭 around the globe at our cost 💲…  us hard working tax 💰 paying DEBT 💸 dominated dopes… preaching NOnSENSE?”

Are those few words above ⬆️ reasonable… factual… readable…much less worth every worth less $0.01 penny neither charged nor received for them?   My answer is… ya’ gotta be kiddin’!

I can and could go on… why bother?  Not only are my words unread… they simply repeat themselves over and over… again and again.   It’s called history… and it simply loves repeatin’ itself!  Our many enemy’s know this… we apparently do not.

Wednesday, July 27, 2022

Just how bad is it gonna get… huh? Facts are miA… missin’ in America

My record in accurately answering my eight (8) word title question above ain’t very good.  Most certainly not when it comes to dates of expectation supported by real reality.  That’s a fact, Jack!

Those four (4) words… “That’s a fact, Jack!” are my recent favorites.  Why?  Because “facts” have disappeared…gone bye bye… miA… missin’ in America… that’s why.

We Americans are simply repeating history and history’s repetitions as to what occurs when materialism and irresponsibility (America’s recent… last 5 or 6 decades) gather together.   History’s answer… result… well it sure ain’t a 24/7 New York/California materialism/advertising solution... is it?

My suggestion for the very few who read/accept (sure appears our DC gathering of attorneys/bureaucrats/lobbyists/representatives/senators/endless media nincomPOOPs interrupted 24/7 by advertisements... don't) my few original… many borrowed words is… take care… be safe… cut back… do without… lose or manage weight… work hard, exercise and, most importantly… volunteer… VOLUNTEER.   Society’s that survive are responsible... they volunteer, limit debt ... pay it back.   Fundamental facts, folks... !!

We the people must save America… on/before November 8, 2022.   May well determine America… today and tomorrow…