Cantor helps Drake kick-off campaign

22 Responses to “Cantor helps Drake kick-off campaign”

1. LittleDavid on February 25th, 2008 12:42 pm

   Jim,

   Uh oh, the problem with borders being too large with IE 6 has shown up again. My guess is that it is due to the new pictures/graphics entered in the main body with this post.

2. The Squeaky Wheel on February 25th, 2008 2:02 pm

   Or, LittleDave, here is an idea. You could download the new IE for free… I mean, there is that too

3. LittleDavid on February 25th, 2008 2:22 pm

   Squeaky,

   For reasons I will not go into, I am prevented from downloading IE7.

   Meanwhile Jim has to deal with all the other viewers that for “one reason or another” can not, chooses not, or are unable to update.

   Perhaps Jim can put a banner up on the top that says “Must have Internet Exploerer Seven in order to view properly” or he can fix the problem so that his website is not so generationally specific as to which version of IE one views with.

4. J.R. on February 25th, 2008 2:58 pm

   LittleDavid,

   Thanks for letting me know. I understand your requirements. And, you were right about it being the photos.

   I appreciate your feedback and welcome your continued help.

   This is the first I’ve checked the blog this afternoon, so sorry I couldn’t fix it sooner.

   If it happens again with another post or whatever, don’t hesitate to comment.

5. LittleDavid on February 25th, 2008 3:35 pm

   Jim,

   It still ain’t fixed.

6. LittleDavid on February 25th, 2008 3:39 pm

   Ooops Ooops. Yup it is fixed. Thanks Jim.

   My bust. I should have hit refresh or something. This gives me new respect for the likes of Jim who do all the work. I can’t even figure out how to operate my browser. Kuddos to you Jim!

7. LittleDavid on February 25th, 2008 3:55 pm

   Now that we’re done with browser issues, let’s get into the meat.

   How about the Repbublicans nominating someone other then Thelma for Virginia’s Second?

   I can live with a good Republican, however Thelma crosses the line into “bad Republican” territory. Thelma is in favor of the fair tax which I estimate would increase my taxes (me being a middle of the class kind of guy) by at least five thousand bucks a year in order to give the likes of Paris Hilton a tax cut.

   I might be willing to pay an additional five grand a year to balance the budget. But if the result is just my paying more, giving Paris Hilton a tax cut, and continuing deficit spending I do not think I am being unreasonable in stating I have a problem with that.

   Thelma Drake needs to go!

8. Reid Greenmun on February 25th, 2008 4:14 pm

   Litte David,

   I believe you need to study the Fair Tax. It is not designed to do what you fear.

   That having been said, I too was wondering why the GOP might not consider running a new candidate that is better qualified than Ms. Drake.

   Never the less, since Ms. Drake pretty much voted however her party leaders directed, I suppose it would be bad form for them to then dump her when she carried their water ever since being elected to repace Mr. Shrock.

9. LittleDavid on February 25th, 2008 4:37 pm

   Reid,

   I did a comparison for myself how a the “Fair Tax” would impact the average American taxpayer. In my comparison, the average American earned $43,000 per year, married with two kids. The results were that such a person would end up paying two thousand per year in additional taxes.

   Since I am not quite average, I estimate my own taxes would increase by five thousand per year.

   As for the Fair Tax “not designed” to result in what I fear, it results in the share of the tax burden being shifted from the upper class to the middle class. That is what I fear.

   Thelma has got to go!

10. Brian Kirwin on February 25th, 2008 6:17 pm

    For who? Nye?

    Not Yet Electable?

11. LittleDavid on February 26th, 2008 12:13 pm

    Brian,

    I fear you are correct that Glenn Nye will be unable to unseat Thelma. However he’s going to get my vote. But I voted for Phil Kellam (defeated) and David Ashe (defeated) so how my vote goes might not be a proper indicator of Thelma’s chances come November.

12. Dry Viking on February 26th, 2008 8:44 pm

    LittleDavid:
    If the fair tax raises your taxes then somebody else is paying your way now. That is not fair.

13. Politics with Pam on February 27th, 2008 12:15 am

    Reid & Little David,

    It is apparent that you two do not know Thelma Drake.

    Perhaps the two of you could muster some energy and go to any of her free events and interact with her yourself. I think your opinion would be different.

    You might suggest what other blue blooded Republican you think is more qualified than she is?

14. Politics with Pam on February 27th, 2008 12:20 am

    Reid & LD,

    And, by the way Thelma Drake can work and think circles around the two of you.

15. LittleDavid on February 27th, 2008 6:10 am

    Pam,

    I can’t get Thelma to send me her internet newsletters via the internet. I tried signing up when she announced them and then, after a few weeks without receiving one I went to her website and tried again. I am more then interested in giving her a chance.

    Thelma might be able to think circles around me (my wife would tell you it ain’t that hard to do so), but she can’t think circles around my vote.

    As for which Republican would I suggest, well I am not a Republican. Which Republican would you suggest since you seem to be one? I’m open to suggestions. However if the Republicans can’t come up with someone else I’m going to keep voting for the opposition because the opposition ain’t Thelma!

16. Don on February 27th, 2008 12:30 pm

    How much tax did Paris Hilton pay in 2007? Does anyone know? Of course not…her tax returns are held in confidentiality by the IRS. How about Bill Gates, Warren Buffett, Wesley Snipes or Teresa Heinz-Kerry? Anyone know how much tax they paid? Don’t the rich have tax accountants and tax lawyers that help them pay little to no tax?

    Wait a second! Didn’t Heinz-Kerry voluntary release here 2003 tax return because her husband was running for President in 2004? What was the rate of taxation on the world’s most prolific female philanthropist? Her tax return indicates she paid 12.3% on $5M personal income. This is the same rate as someone who reports an AGI of $26,000. If you include the estimated income of her two foundations ($50M), her tax rate works out to about 1.1%. Even though we have a progressive income tax system, do the rich really pay progressive tax rates? Of course not, their tax lawyers are too smart for that. Rich Democrats and rich Republicans are not paying progressive income taxes. If you think the income tax is progressive, you are naive.

    Thelma Drake is one of the few in Congress who have figured this out. By supporting the Fair Tax she will help end the farce of the progressive income tax. Eliminate the trusts and foundations that allow the rich to pass the tax bill on to the middle class….support the Fair Tax, a tax that the rich can not avoid.

17. LittleDavid on February 28th, 2008 9:19 am

    OK, under the current system, for the year 2000 (the last year for which I could find comparison figures) the top 1% of income earners earned 20.00% of the income while their share of income taxes paid equalled 37.42%. Under the Fair Tax their share of taxes paid would more closely match their percentage of income since everyone pays the same rate. This percentage (under the Fair Tax) would be altered at least slightly by the prebate amounts (which would tend to increase their percentage) and the need of the wealthy not having to spend everything they make to live (which would tend to decrease it).

18. Don on February 28th, 2008 11:47 am

    For tax year 2005, the top 0.6% earned 24% of the taxable income and paid 33.2% of the taxes. Fair Tax analysis shows this same group would pay 38% of the total taxes. However, this analysis only includes the IRS data for TAXABLE income. What about the untaxable income of the rich. Under the current progressive income tax system, would the rich prefer to have taxable or untaxable income? This is how Heinz-Kerry and other rich people avoid income taxes…they put their money in trusts, foundations, and tax exempt investments so that they will have huge amounts of untaxable income. Add the untaxable income to their spending capability and the Fair Tax will yield even greater returns from the rich.

    The 2005 tax data shows that the richest 13,776 individuals (top 0.01%) with an average taxable income of $24M paid an average 23.6% of their taxable income in income taxes. Further analysis shows that the richest 20% pay 19% while the poorest 20% pay 18% (again, this is all taxable income…not untaxable income). If you think the rich are paying progressive income tax rates, you are naive.

    Unless the rich stop spending, they will be forced to pay the unavoidable Fair Tax progressive rates.

19. LittleDavid on February 28th, 2008 7:14 pm

    Don,

    Where are you coming up with these figures or are you dreaming them out of mid air?

    Your statistics that the poorest 20% pay 18% of their income in taxes is beyond belief. That is unless you are going to include state and local taxes in your figures, while state and local taxes will NOT be replaced by the Fair Tax.

    Currently, the lower 50% of wage earners only pay 3.07% of all federal income taxes collected. I am willing to listen to the voices of reason. I refuse to listen to the voices of bullshit.

20. Don on February 28th, 2008 8:46 pm

    Little David,

    The poorest 20% pay a large percentage of their income in the form of payroll taxes: 12.4% for Social Security and 2.9% for Medicare…that adds up to 15.3%…add in the small income tax they pay and you’re up to 18%.

    I hope you’re not one of those who think the payroll tax is not a tax because you don’t see it in your “take home” pay. When the Fair Tax eliminates the payroll taxes, your employer will begin increasing your “take home” pay by 15.3% plus any amount they are currently withholding for income tax. Your “take home” pay will be much larger. I’m sure you know that the rich who earn wages only pay Social Security payroll tax on approximately the first $100K. This makes the payroll taxes very regressive and overly taxes the poor and middle class.

    The other tax figures come from the IRS website. The latest info they have posted there is for tax year 2005. The URL is http://www.irs.gov/taxstats/indtaxstats/article/0,,id=133414,00.html

    Once you get to this webpage click on Table 2, Tax Year 2005. The data here is available in Excel format. You can launch the Excel spreadsheet and then manipulate the data to find the figures I provided in previous posts.

    I encourage you to also visit the Fair Tax webpage at http://www.fairtax.org. Don’t just read it…study it. You’ll be amazed at depth of knowledge there about the Fair Tax. The Fair Tax abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes.

    Get onboard Little David. Let us have tax freedom. Let the American people decide when/where they pay federal taxes.

21. LittleDavid on February 28th, 2008 10:14 pm

    Don,

    I’m one of those guys who is self employed. Therefor I pay the entire self employment tax.

    The average worker does not pay, like you state: “12.4% for Social Security and 2.9% for Medicare…that adds up to 15.3%”. Their share is only 7.65%. Given that the employers already balk at even paying minimum wage, I doubt every employer is going to willingly surrender their share of savings due to the Fair Tax to the employee.

22. LittleDavid on February 28th, 2008 10:30 pm

    Don,

    By the way, Barack Obama has proposed elimintating the regressive aspects of the payroll tax by calling for lifting the limit on payroll taxes beyond $102,000. If you find the regressive aspects of the payroll tax objectionable, you should consider voting for Barack.

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