Single person resident of New York City will pay a huge increase in taxes under Obama’s tax plans. www.freedomOK.net.wordpress

New York from ferry
New York from ferry

On Rush Linbaugh show 7-16-09 he listed figures that New Yorkers will pay. For a single person making about $80 K it was a whopping amount. Checking the web for the article not all the figures given on the show are on the Internet version of the story. For more exact figures check the Linbaugh page.

July 16, 2009

Congressional plans to fund a massive health-care overhaul could have a job-killing effect on New York, creating a tax rate of nearly 60 percent for the state’s top earners and possibly pressuring small-business owners to shed workers.

New York’s top income bracket could reach as high as 57 percent — rates not seen in three decades — to pay for the massive health coverage proposed by House Democrats this week.

OPINION: SLEDGEHAMMER HIT TO CRUMBLING EMPIRE STATE

EDITORIAL: HERE COMES OBAMACARE

OPINION: THESE PLANS WILL REDUCE YOUR CHOICE

The top rate in New York City, home to many of the state’s wealthiest people, would be 58.68 percent, the Washington-based Tax Foundation said in a report yesterday.

That means New York’s top earners, small-business owners and most dynamic entrepreneurs will be facing new fees and penalties.

The non-partisan think-tank calculated the average local tax rate in New York State at 1.7 percent, and combined it with the 8.97 percent that high-bracket state taxpayers will shell out in 2011, when the health care plan is set to take effect. Tack on the 39.6 percent federal tax rate, 2.9 percent for Medicare and 5.4 percent for the health care “surtax,” and the figure is 56.92 percent for the Empire State.

In New York City, the top tax rate is 3.65 percent, making the Big Apple’s top combined rate even higher.

The $544 billion tax hike would violate one of President Obama’s ironclad campaign promises: No family will pay higher tax rates than they would have paid in the 1990s.

Under the bill, three new tax brackets would be created for high earners, with a top rate of 45 percent for families making more than $1 million. That would be the highest income-tax rate since 1986, when the top rate was 50 percent.

The legislation is especially onerous for business owners, in part because it penalizes employers with a payroll bigger than $400,000 some 8 percent of wages if they don’t offer health care.

But the cost of the buy-in to the program may be so prohibitive that it will dissuade owners from growing their businesses — a scary prospect in the midst of a recession.

Obama took to the airwaves yesterday with ads and TV interviews promoting the need to reform health care.

As a Senate health committee passed a different version of a health-care reform bill – a milestone for the issue – Obama said on NBC, “The American people have to realize that there’s no such thing as a free lunch.”

And in a Rose Garden speech, he said the “status quo” on health care is “threatening the financial stability of families, of businesses, and of government. It’s unsustainable, and it has to change.”

Asked if Obama supports the surtax on wealthiest Americans even though it would break a campaign pledge, White House spokesman Robert Gibbs said only, “It’s a process that we’re watching.”

Republicans in Washington and small-business defenders in New York said the House legislation would effectively place a stranglehold on businesses while running off top earners.

“Placing a big tax burden on the small-business community would rob them of the resources they need to create the jobs that will lead us out of the recession,” said Tom Donohue, president of the US Chamber of Commerce.

“If there’s one sure way to kill the goose that lays the golden egg, this is it.”

Richard Lipsky, a lobbyist for small stores and businesses in New York City, warned that “in the middle of a recession, it’s a very strange way to legislate.”

“According to what we’ve read, the House health-insurance plan would have a job-crippling impact on neighborhood stores and other small businesses because they put mandates on these businesses that would prevent them from hiring people because of the cost of the plan,” Lipsky said.

Under the House plan, businesses with payrolls of $400,000 or more would pay an 8 percent penalty for uninsured workers, while companies with payrolls between $250,000 and $400,000 would pay slightly smaller penalties.

Adding to this burden, said Michael Moran of the State Business Council of New York, is that New York is already a high-tax state.

“Any additional taxes make New York even less competitive,” he said.

New York would become the third-most-hostile place for top earners to live under the proposed new surtaxes supported by House Democrats and championed by Rep. Charles Rangel (D-NY).

Also hit would be individuals earning $280,000 annually and families making $350,000 a year.

The profits from small businesses would also be taxed on the back end.

Kathryn Wylde, president of the Partnership for New York City, an umbrella organization representing the city’s major businesses, said that the estimated top marginal tax rate of 57 percent for New York actually underestimates the potential impact on businesses.

That’s because it doesn’t include the city’s burdensome unincorporated-business tax, which snares many entrepreneurs.

“It could be between 62 and 63 percent,” she said.

If the House plan passes, Wylde said, “There literally, at this point, is very strong reason to relocate your family and your business outside New York.”

A lot of small businesses would be hit with the penalties for not insuring workers and get hit with the surtaxes, Moran warned.

“Many small businesses file their business taxes under personal income,” he said. “That’s the way the tax law is written. Small business, which is really where most of the job creation takes place, could be hit hard.

According to the city’s Department for Small Business Services, there are some 220,000 small businesses in the five boroughs. The agency does not keep track of how many offer health insurance.

“It’s something that’s going to kill jobs. That’s the result,” said Stephanie Cathcart, spokeswoman for the National Federation of Independent Businesses.

Among the most egregious provisions of the House proposal, she said, is a requirement that businesses pay the cost of 72.4 percent of individual health plans and 65 percent of family plans.

Those that don’t hit the mark would face the payroll tax penalty.

churt@nypost.com
COMMENTS
Report item as: (required) X
Comment: (optional)
User Image
snowcloud wrote:
What would Thomas Jefferson do?

What would Thomas Jefferson say?

Food for thought.
7/16/2009 5:01 PM EDT
Recommend

Report Abuse
User Image
metsof62 wrote:
yoyo1234

You are by yourself properly named.
7/16/2009 5:00 PM EDT
Recommend

Report Abuse
User Image
metsof62 wrote:
NYC deserves to lose ANY and ALL that want to move away from it and NYS to boot ! Some cry about pensions. At least those people put years of working for the city into the system on the books paying taxes– even city taxes if they lived in Nassau or Suffolk. Look at all the corrupt businesses , politicians , Tammany Hall wannabes , adult s-ex theathers that feed organized crime. No , many would rather go after retiress or workers . Well NYC is the next Mogadishu and NYS the next Somalia. I was born in Brooklyn in 1948 and taught to work and pay your taxes and don’t dare go on social programs that take from the taxpayers unless you are dying. Een when I came home from the navy after Nam my police recruiter said et a job don’t collect the un-employment you are entitled to The city does not like laggards or goldbrickers. Not today. The city politicians crave them because for a little of your money they get guaranteed votes. The laggards in numbers outnumber tax PAYING voters . That is the fact. Think what you will but don’t let your thoughts deceive your eyes.
7/16/2009 4:57 PM EDT
Recommend

Report Abuse
User Image
yoyo1234 wrote:
“Hev wrote: We were all for your…teachers–working people.”

Oh come on now, if there’s one thing I know Southerners aren’t “all for” it’s teachers and working.

That’s why the South is statistically the stupidest, fattest, poorest section of the entire country. And proud of it!
7/16/2009 4:54 PM EDT
Recommend

Report Abuse
User Image
TheHangman wrote:
So the point isn’t just 100% about the health care issue. Why doesn’t the post just come out and say that Taxes in New York are inflated dues to Political, Special Interest and Union CORRUPTION!?
7/16/2009 4:53 PM EDT
Recommend

Report Abuse
User Image
metsof62 wrote:
Hev wrote:
Leave New York? Don’t even think about moving to the sunny south. We don’t want you here ruining our states with your liberal nonsense. We were all for your police, firefighters, and teachers–working people–moving here, and retirees who want to escape the cold. But you liberal morons who elected this sicko with his twisted evil agenda are most definitely NOT welcome. We have southern hospitality for regular ‘folk.’ But you will see the deliverance side of us if you think you can move down here and then proceed to vote for outrageous liberal policies and socialist candidates.

I’LL SECOND YOUR POST IMMEDIATELY !!!!!!!!!
7/16/2009 4:46 PM EDT
Recommend (8)

Report Abuse
User Image
metsof62 wrote:
When the government goes after the rich the middle class loses. Rich people have attorneys , tax accountants who use to work for the IRS and loop hole galore with exemptions from the tax code. Smaller wage earners $32, 000 for a family of 2 or more get tax money back and more money to bring them up to poverty level. Those who eventually get stuck with the tab are the middle of the road tax PAYERS .I am 61 and have learned one thing in those few years. Whenever Washington goes for tax money the middle of the roaders suffer. Cap and trade , health care , loss of local municipal revenue through prioperty tax loss and foreclosure. Who do you think will suffer the most from the cost of these calamities. Give me a break. I admit that I was NOT born yesterdy and received a decent education through college.
7/16/2009 4:45 PM EDT
Recommend (4)

Report Abuse
User Image
Hev wrote:
Leave New York? Don’t even think about moving to the sunny south. We don’t want you here ruining our states with your liberal nonsense. We were all for your police, firefighters, and teachers–working people–moving here, and retirees who want to escape the cold. But you liberal morons who elected this sicko with his twisted evil agenda are most definitely NOT welcome. We have southern hospitality for regular ‘folk.’ But you will see the deliverance side of us if you think you can move down here and then proceed to vote for outrageous liberal policies and socialist candidates.
7/16/2009 4:45 PM EDT
Recommend (10)

Report Abuse
User Image
TParty4USA wrote:
If you voted for Obama:

Be happy! You get to eat what you cooked.

And don’t complain! You broke it, you pay for it.

So quit whining and get ready to pay those taxes, just like Obama orders. It’s your patriotic duty.

And have a little empathy for all those voters who did not vote for Obama and his promise of “change” you can “believe in” — they are the true victims of the folly of those who enabled fundamental “change” to “belief” in one nation under Obamaism.

Heck, in this era of “fair” taxation at the expense of everything else, it would only be “fair” to allow a “hope” tax refund to all who voted against Obamaism.

They didn’t buy it then, and they shouldn’t have to pay for it now. After all, that’s only fair.
7/16/2009 4:45 PM EDT
Recommend (8)

Report Abuse
User Image
vanj wrote:
Hangman wrote:
“So only people who live in New York will only be those who will be effected? What about everyone else in the country? What state will everyone be moving to where there’s no federal tax?”

Every state has federal tax. The article addresses the combined burden of federal and local taxes on residents of NY. It addresses the potential of this causing a “straw that broke the camel’s back” scenario developing regarding high income and business flight from NY at a time NY can least afford it.
7/16/2009 4:42 PM EDT 240425024_4a6dd99e16

Share

Obama spends $18 million to redesign websight showing where recovery money goes. Make sense? Obama sense, yes!

Obama a Puzzle?
Obama a Puzzle?

Spend 18 million to redesign the Recovery.gov website? That is what Obama will spend.

And it DOES make sense from Obama’s point of view. Obama wants to weaken the private sector and strengthen the public sector. The $18 million will create more government jobs. And the private sector is weakened because they have to pay for the re-design of this ONE website. It is all about power — shifting power from the private sector to Obama’s control.

See the following article posted also on Something To Say Today.

18M Being Spent to Redesign Recovery.gov Web Site
July 08, 2009

“For those concerned about stimulus spending, the General Services Administration sends word tonight that $18 million in additional funds are being spent to redesign the Recovery.gov Web site.

The new Web site promises to give taxpayers more information about where their money is going than the current version of the site.

“Recovery.gov 2.0 will use innovative and interactive technologies to help taxpayers see where their dollars are being spent,” James A. Williams, commissioner of GSA’s Federal Acquisition Service, says in a press release announcing the contract awarded to Maryland-based Smartronix Inc. “Armed with easy access to this information, taxpayers can make government more accountable for its decisions.”

The contract calls for spending $9.5 million through January, and as much as $18 million through 2014, according to the GSA press release.

“We are pleased that another major milestone has been achieved,” Earl E. Devaney, chairman of the Recovery Accountability and Transparency Board, says in the press release. “We thank the GSA for its assistance and look forward to working with Smartronix.”

UPDATE: The RNC has released a new web ad mocking the Obama administration’s decision to allocate additional funds to the redesign of the Recovery.gov Web site.

July 8, 2009 | Permalink | Share | User Comments (115)

User Comments

You can follow this conversation by subscribing to the comment feed for this post.

Just hearing the word “transparency” ( as mentioned
by Earl E. Devaney, chairman of Recovery Accountability and Transparency) makes me feel ill.

How did we ever live without the “t” word for all
these years…. Did you have to look up the meaning of the word, since nobody is living by it since the
election?!

Posted by: 2smart4u | Jul 8, 2009 10:30:26 PM

This is just a smokescreen so we dont realize he wants to veto the intelligence bill that would force Obama’s legislation and the government to actually be transparent and have to answer for what they have done.

Posted by: guesswhaturwrong | Jul 8, 2009 10:48:16 PM

I could redesign a whole lotta “innovative and interactive” websites for $18 million.

If they were talking about how much the band-width cost to keep the site up and running, I MIGHT be able to see it. But just a redesign???

I think maybe the government is already “accountable” for this bone-headed idea.

Posted by: Jaylah | Jul 8, 2009 10:48:31 PM

Who ever heard of spending $18 million dollars on a website? Who is getting the money???

Posted by: guesswhaturwrong | Jul 8, 2009 10:49:20 PM

Once the numbers are posted what are we going to be able to do about it really anyway?

Posted by: guesswhaturwrong | Jul 8, 2009 10:50:27 PM

guesswhaturwrong, that intelligence bill dates back to 1947. If you’re going to whine about it, whine at Harry S Truman and every president since then. Not Obama.

Posted by: Jaylah | Jul 8, 2009 10:50:38 PM

Hmmm… 18 Million bucks to redesign a government website….riggghhht! That’s enough money for 18 responsible 40 somethings to live the rest of their lives in relative comfort. It’s far less money than was spent so our Socialist leader and his black-hearted wife to have “date night” in New York on our dime.

Posted by: Taxpaying victim | Jul 8, 2009 10:54:17 PM

Classic government…. Doesn’t know what anything costs, and spends 20 times what anyone else would (18 million for a web site is crazy!).

Posted by: Jen | Jul 8, 2009 10:59:09 PM

So it’s supposed to tell us what’s happening to our hard earned money? Unless the home page says “Here. Here is where your money is going,” then this is the most ridiculous thing ever ON TOP of being a waste of money in the first place.

Posted by: Pete | Jul 8, 2009 11:00:04 PM

Oxymoron of the day: Responsible Government Spending.
It ranks right up there with “Vacation bible school”.

Posted by: Taxpaying victim | Jul 8, 2009 11:04:18 PM

“Oxymoron of the day: Responsible Government Spending.
It ranks right up there with “Vacation bible school”

LOL Well said!

Posted by: Jaylah | Jul 8, 2009 11:12:21 PM

At this point even this foolishness does not surprise me. I have lost all faith in our government.

Posted by: CWG | Jul 8, 2009 11:15:21 PM

All the good intentions and idealism of Obama is being squandered by those who were entrusted with executing and enforcing his plan viz. his cabinet and his staff. The stimulus will be judged not by the 18 million dollar web site but by the reversal of the job loss trend, by the economic growth and by the recovery of 401k plans. That the stimulus monies were intercepted and swindled by the usual suspects is no surprise. A second stimulus would be a disaster of epic proportions when the first one was so grossly mismanaged that the states used it for pie in the sky projects even though the states are in dire straits. It would have been preferable to let the states pay the funds towards their deficit reduction instead of unwanted porky projects. Businesses small and large are cutting costs and reducing the payroll to try and balance their books. Why can the government not do the same instead of getting bloated and mounting the deficits, sky high. All the talk of the windmills and green energy was just blowing hot air during the campaign.

Posted by: gjkotw01 | Jul 8, 2009 11:16:01 PM

Is this administration completely nuts, or are the contracts for this redesign going the way of pork? Personally, I’d like to know the name and URL of the company that has been contracted. The dollar figure is patently absurd.

I repeat……Is this administration absolutely NUTS!?

Posted by: John Vacek | Jul 8, 2009 11:24:10 PM

OK kids..those that think 1.6 million a year to develop, staff and maintain a web site with a national presence, purpose and verifiable data set is a lot, please sit down. You obviously don’t know anything. That’s a site staffed and maintained by AT MOST eight FTEs. (full time employees) If you could do it for less, I suggest you bid the gig.

Posted by: vidtweeker | Jul 8, 2009 11:29:10 PM

You mean to tell me the government spent 18 million dollars to keep informed and answer the question of over 300 million people. Talking about your glass house! Finally a government that reports to the people!! I suppose next your going to tell me people actually have jobs to do this. Wow! straight forward and easy to understand! No economics of dung!! Go Obama Go!

Posted by: rightbehind | Jul 8, 2009 11:33:37 PM

18 million? I could have done it for 9 million!

Posted by: SamTyler1973 | Jul 8, 2009 11:37:41 PM

For God’s sake… a web design job pays only about 20k a year these days at best.

I run a multi section/topic political site and do it in my spare time and do all the graphics and imbed live feeds chat and statistics for nothing.

Maybe I should get out of the health care business and stop saving lives for a living and work for the government.

For more go to: Something To Say Today

I knew Obama was going to be true his word and cut the pork. I am guessing He meant instead of “fat” products (pork) he meant something more “Herbal”. You know, the kind one can smoke and lots of it. Because obviously someone in Washington is smoking something that kills brain cells.

Posted by: David Baron | Jul 8, 2009 11:43:14 PM

Share

Federal Spendng is 26% of GNP! California has the lowest credit rating in US. freedomOK.net/wordpress

Let liberty ring!
Let liberty ring!
Let the freedom bell ring today, July 4th. Let people keep more money in their pocket book. Let them make their own decisions how to spend iit.

Tell your representative NO to taxing carbon dioxide. NO to spending trillions on a new health plan. NO to amnesty for millions just because they got in here somehow. Let in those who have skills and who follow the rules.

Your personal credit rating matters. So does credit rating of each state. California ties with Louisiana for the LOWEST credit rating of any state. Individual bad credit means you are not living within your means. State bad credit is no dfferent. California has got to live within its means. How? Privatiize the prisons. Encourage more charter schools and more diversity in education.

California has 1/2 of all cities in the U.S. that have unemployment in excess of 15%. The corporate tax rate is eighth in the nation. The state and local tax is 6th highest in the nation.

That’s why you hear about a “bad business climate” in California.

Share

Your representatives do not read the bills they sign. Bad for us folks back home. www.freedom.OK.net/wordpress

Sometimes when I drive down highway #1 from Aptos to Monterey I see a driver who seems to be completely asleep at the wheel. The way the head is faced or the body bobbing up and down to music I wonder how the car gets down the freeway. Obviously the car is on automatic control.

Seems like that is how our U.S. Congress acts. What ever the Democratic Party tells them to do they do. Something else — not them — is in control. They regularly sign things they have not read.

And these are the people are supposed to be control of the purse. Read the following:

Check the following article from Overlawyered:

On the House floor
By: David Freddoso
Commentary Staff Writer
06/26/09
By all appearances, the House is about to vote on a very long bill of which it has no completed official copy.

Texas Republican Reps. Joe Barton and Louie Gohmert have just asked the chair whether there exists a complete, updated copy of the Waxman-Markey carbon-cap bill.

“If a bill for which there is no copy were to actually pass this body,” Barton asked, “could the bill without a copy be sent to the Senate for its consideration?”

Through a series of parliamentary inquiries, the Republicans learned that the 300-plus page managers’ amendment, added to the bill last night in the House Rules Committee, has not even been been integrated with the official copy of the 1,090-page bill at the House Clerk’s desk, let alone in any other location. The two documents are side-by-side at the desk as the clerk reads through the instructions in the 300 page document for altering the 1,090 page document.

But they cannot be simply combined, because the amendment contains 300 pages of items like this: “Page 15, beginning line 8, strike paragraph (11)…” How many members of Congress do you suppose have gone through it all to see how it changes the bill?

Global Warming is apparently so urgent that we can’t even wait until members of Congress know what they’re voting on.

for more about this go to: Overlawyered

Share