If it wasn't bad enough struggling through the difficult times because of the BP (NYSE:BP) oil spill, now those getting checks from BP will have to pay the income-sucking federal government taxes on it.
You see this is going to be a disaster waiting to happen, as those receiving the money spend it and then get their letter from Uncle Sam to fork over their tax money, which of course will include late fees, making it even worse for them.
While it's easy to tell everyone to set aside the money they receive from BP, many have been waiting for a long time and will have to use it for expenses and other things.
If people haven't received money like this in the past, a lot of them won't even get the message or understand their liability, and will suffer more.
I got an answer: limited government. Get rid of a lot of that bloated bureaucracy and let the people keep their own money.
This is going to turn into a fiasco, and people are going to be crushed by the draconian measures the government takes when they don't pay it in; and many of them won't.
An extraordinary amount of up to 40 percent could be owed by those being paid, depending on the amount they receive, and that doesn't include those states with income tax as well.
Now you know part of what this election is about and why we're going to throw a lot of the bums out.
7 comments:
Compare the standard of living and happiness/lack of stress of European workers against the poor wage slaves in America and then revisit your argument against large goverment.
Society is meant to help PEOPLE not businesses ...
The standard of living in the US is significantly higher than most Euro-zone countries.
In greece, they are cutting off people's feet rather than treat their Diabetes because they are out of money.
According to the Daily Mail:
' Up to 1,200 patients died unnecessarily because of appalling care
Labour's obsession with targets and box ticking blamed for scandal
Patients were 'routinely neglected' at hospital
Report calls for FOURTH investigation into scandal
Not a single official has been disciplined over the worst-ever NHS hospital scandal, it emerged last night.
Up to 1,200 people lost their lives needlessly because Mid-Staffordshire NHS Trust put government targets and cost-cutting ahead of patient care.
But none of the doctors, nurses and managers who failed them has suffered any formal sanction.
Indeed, some have either retired on lucrative pensions or have swiftly found new jobs.
Former chief executive Martin Yeates, who has since left with a £1million pension pot, six months' salary and a reported £400,000 payoff, did not even give evidence to the inquiry which detailed the scale of the scandal yesterday.
He was said to be medically unfit to do so, though he sent some information to chairman Robert Francis through his solicitor.
The devastating-report into the Stafford Hospital-shambles' laid waste to Labour's decade-long obsession with box-ticking and league tables.
The independent inquiry headed by Robert Francis QC found the safety of sick and dying patients was 'routinely neglected'. Others were subjected to ' inhumane treatment', 'bullying', 'abuse'...."
The problem with Socialism is that you eventually run out of other people's money.
Does this opinion writer mean that the people earning the money shouldnt pay taxes? Maybe he meant they didnt pay before because they didnt report it or didnt make that much.
BTW, I think we already through a bunch of bums and A--holes out in 2006 &2008
How dreadful, they will be forced to pay taxes. That's awfull! they should consider living in a no tax country without social security, infrastructure and a standing army among the various things taxes pay for.
They were being COMPENSATED FOR INCOME THEY WOULD HAVE EARNED, but for the oil spill disaster, it seems only fitting they should pay taxes on the funds they received even if it is less than they earned in previous years. Some people may be able to get an earned income credit because a lot of the folks in that area have low paying service industry jobs.
Geez- I'm reading commentary by a bunch of tax-supporting liberal mooches.
Have any of you commentors ever heard of limited government?
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