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Additional key findings include:
Federal government employees were less expensive than contractors in 33 of the 35 occupational classifications POGO reviewed.
In one instance, contractor billing rates were nearly 5 times more than the full compensation paid to federal employees performing comparable services.
Private sector compensation was lower than contractor billing rates in all 35 occupational classifications we reviewed.
The federal government has failed to determine how much money it saves or wastes by outsourcing, insourcing, or retaining services, and has no system for doing so.
- See more at: www.pogo.org...
While the federal estate tax was initially repealed as of January 1, 2010, on December 17, 2010 it was resurrected and applied retroactively back to January 1. The federal estate tax is collected on the transfer of a person's assets to his or her loved ones after death, and the total tax due is calculated by adding up the fair market values of all of the decedent's assets on the date of death and then applying estate tax credits and subtracting out allowable estate tax deductions.
originally posted by: queenofswords
By the same token, in the ridiculous analogy of the game of Monopoly, if you make poor decisions, lose money, pass up opportunities, get thrown in jail, and fail to manage your investments properly, should everbody else be responsible for you or feel guilty because they got ahead in the game and you didn't?
People need to stop worrying about everybody else's success and focus on what they CAN do to help themselves and THEIR family. The government needs to keep their hands off family assets already acquired. It's not theirs to tamper with. It belongs to the heirs.
originally posted by: beezzer
originally posted by: CB328
I see absolutely nothing wrong with accumulation of generational wealth
The founding fathers came here to get away from generational wealth and it's despotism.
The Republicans of course don't see anything wrong with tyranny.
And I thought it might have had something to do with taxation.
originally posted by: ManBehindTheMask
a reply to: CB328
Where the hell did you learn history?
Maybe there is something to fluoride and GMOs making people stupid
originally posted by: queenofswords
a reply to: intrepid
The top 1 percent of taxpayers pay more in federal income taxes than the bottom 90 percent.
If it wasn't for "the evil rich", this country wouldn't have a pot to piss in.
It was founded at the University Club in New York. Founding members included:
Alfred P. Sloan, General Motors Corporation, chairman
Donaldson Brown, General Motors Corporation financial vice president
William S. Farish, Standard Oil Company, President
Lewis H. Brown, President of the Johns-Manville Corporation
Its first chairman was Lewis H. Brown.
The Tax Foundation publishes studies on state on federal tax burdens, costs of tax compliance, and others like the impact of cigarette taxes on smuggling. The major public campaign of the Tax Foundation is its annual Tax Freedom Day, which calculates the total state and federal tax burden of the nation as a percentage of national income, and converts that into the portion of the year taxpayers must "work to pay taxes".
The Tax Foundation is funded by private donations from members, corporate donations, and donations from charitable foundation such as the Koch Foundation, Earhart Foundation, etc.
originally posted by: beezzer
a reply to: FyreByrd
You can't justify an increase in taxes based on bigger populations because that doesn't justify departments like DHS.
It's my humble opinion, that government creates situations where people then require a need that wasn't there before government intervened, thereby justifying a reliance and a need for government, and thereby justifying an increase in taxes to fund the needs that were initiated by government in the first place.
originally posted by: FyreByrd
YES - the framers of the constitution felt inherited weath would destroy the republic.
From the Economist:
If there was one thing the Revolutionary generation agreed on — and those guys who dress up like them at Tea Party conventions most definitely do not — it was the incompatibility of democracy and inherited wealth.
And Adam Smith was a topical reference of the time:
Jefferson cited Adam Smith, the hero of free market capitalists everywhere, as the source of his conviction that (as Smith wrote, and Jefferson closely echoed in his own words), "A power to dispose of estates for ever is manifestly absurd. The earth and the fulness of it belongs to every generation, and the preceding one can have no right to bind it up from posterity. Such extension of property is quite unnatural." Smith said: "There is no point more difficult to account for than the right we conceive men to have to dispose of their goods after death."
Our founders considered talking it even further:
Others wanted to go much further; Thomas Paine, like Smith and Jefferson, made much of the idea that landed property itself was an affront to the natural right of each generation to the usufruct of the earth, and proposed a "ground rent" — in fact an inheritance tax — on property at the time it is conveyed at death, with the money so collected to be distributed to all citizens at age 21, "as a compensation in part, for the loss of his or her natural inheritance, by the introduction of the system of landed property."
originally posted by: seeker1963
Are you a farmer?
Anyone in your family a farmer?
It's the home grown and family farms that will keep Americans fed! Not the commercial corporate farms that promote and grow GMO crops!
originally posted by: Metallicus
I hope to pass whatever I have on to me children. Why should the Government have my after tax wealth? They can bugger off.
originally posted by: John_Rodger_Cornman
a reply to: Willtell
The democrats are pretty much the same.
except they are better at selling it to the sheeple than the GOP.
originally posted by: In4ormant
Some of you people make my head hurt. Have any of you thought about how much in taxes you would have already paid to amass the 5+million in the first place? Then you want them to pay more??? Some of you spouting this 'everyone should start even, let their kids make their own way' BS are just ridiculous. For a bunch of people constantly spouting about how they want the government to stay out of their way, you sure don't mind when its the other guy (probably worked 50x harder than you at everything to get rich) getting the shaft and not you. You hate the government unless its your tool to inflict harm on others to compensate for your envy of them. Piss off hypocrite.