Posts Tagged ‘CBO’

How can anyone figure out The Heath care Reform Bill when people can’t even figure out the Tax Code?

Republican Rep. Jason Chaffetz, R-Utah, is irked that nearly 100,000 civilian federal employees owe the IRS $962 million in back taxes. He thinks they should pay up or be fired.   Chaffetz has introduced a bill that calls for the federal government to “ferret out” civilian employees who have “seriously delinquent tax debt” and prevent the hiring of other tax delinquents.  More than 3 percent of the 2.8 million federal civilian employees owed the Treasury unpaid federal income taxes in 2008, according to the IRS. If you include retirees and military service members, the numbers go from nearly 100,000 up to 276,000 current or former workers who owe $3 billion in taxes.  Writes,  http://thewere42.wordpress.com/2010/03/19/tax-scam-uncle-sam-you-oughta-be-fired-says-utah-rep-chaffetz/

How many pages of tax code are there?

Title 26 contains all the Federal IRS CODE.
Title 26 contains 20 Volumes.
All 20 volumes contain a total of 14,872 pages of tax code.
All 20 volumes weight in at 35 Pounds 
All 20 volumes cost $1,080.00

Obtained from the GPO- Government Printing Office, as of April 1st 2009, 14,872 pages of tax code.  It is over 24 times longer than the King James version of the Bible at 608 pages. Over 11 times longer than War and Peace by Leo Tolstoy-1296 pages.  It’s 20 volumes are about 5 feet thick! Laying the pages end to end it would be over 2.5 miles  The average reader would take 31 days of non stop reading to read all of the tax codes.

How many pages in the Health Care Reform Bill?

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CBO –Congetional Budget Office on October 1, 2008 issued its analysis of the financial rescue legislation —aka the Bailout released by the Senate.  The legislation includes the rescue package considered by the house earlier this week, a temporary increase in deposit insurance, and certain tax provisions including an extension of Alternative Minimum Tax (AMT) relief. The pdf of the analysis is posted here. .

“…the Secretary would have the authority—if deemed necessary to promote stability in the financial markets—to purchase any financial asset at any price and to sell that asset for any price at any future date. That lack of specificity regarding how the authority would be implemented and even what types of assets would be purchased makes it impossible at this point to provide a meaningful estimate of the ultimate impact on the federal budget from enacting this legislation.”

OMG, ANY ASSET???  ANY ASSET?  Assets like my house, my business, my car, my bank accounts, my securities, etc.?  SHAME.  SHAME.

Maybe the Senate better re-write that.  Don’t ya think?  Maybe that’s the whole purpose- that in the event that your and my assets (not to mention asses) are deemed necessary to promote stability and avoid chaos, the government can take it away and sell any asset.  Maybe for a penny, maybe for an Amero, all as it deems appropriate.  Executive Order 11921 already allows FEMA control over in part, the flow of money in US financial institutions in any unidentified national emergency.  

I don’t seriously suggest that the government had this in mind when writing these provisions but dammit anyways, there certainly is an increasingly squeezing of not just our pocketbooks, but those inalienable rights. Rights guaranteed, I was taught and still believe and trust in.   

You may be deceived if you trust too much, but you will live in torment if you don’t trust enough.

“Trust no one”  Agent Mulder from the X-Files.

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