Tag Archives: benefits

US Issues: Iran, Nigeria, Global Energy, Security

BY RICH GALEN
Reprinted from Mullings.com

Like most people I have gotten so caught up in the rising and falling of GOP Presidential candidates’ fortunes that I more-or-less forgot about President Obama and what else is going on in the world.

What else is going on is that gasoline prices are on the rise.

Some people are following the so-called “Doc Fix” issue – that is to forestall a 27 percent cut in Medicare reimbursements to physicians. More people understand an extension of unemployment benefits. A lot of people would recognize whether or not payroll taxes (to pay for Social Security and Medicare) were being withheld from their paycheck. Continue reading →

Taxes Paid, Benefits Gained

BY FRANK HILL

Reprinted from telemachus.com

Have you ever sat down and really thought about the amount of money you pay in taxes versus the direct benefits you receive from the government?

Alan Simpson’s rather salty but descriptive comment about Social Security could be politely amended to read: ‘The US federal government has 310 million teats on it to milk!’.

Depending on how many programs a person derives benefits from or tax preferences he or she uses, the number could be 1 billion for all we know.

Do this little exercise right now. Add up all the taxes you pay on one side of the ledger on a piece of paper or Excel spreadsheet. And then add up all the taxes that you saved from any tax deductions you use each year on your tax form and grants you received from the federal government in any form and put them in the other column. Continue reading →