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Discussion Starter #1
If you had purchased $1,000.00 of Delta Air Line stock one year ago you would have $49.00 left.

With Enron, You would have $16.50 left of the original $1,000.00

With WorldCom, you would have less than $5.00 left.

But, if you had purchased $1,000.00 worth of Beer one year ago, drank all the beer, then turned in the cans for the aluminum recycling Refund, you would have $214.00 Cash.

Based on the above, the best current investment advice is to drink heavily and recycle. It is call the 401-Keg.

A recent study found that the average American walks about 900 miles a year. Another study found that Americans drink, on the average, 22 gallons of alcohol a year. That means on average Americans get about 41 miles per gallon.

Makes you Proud to be an American!
 

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Fallen Angel
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7,061 Posts
Well, I've got the drinking part down......now I just need to get paid to recycle.:D
 

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lurking in the shadows
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7,332 Posts
here I'll show ya something even more depressing LOL I got this in email :D

politicly incorrect---ya think?????

How many zeros in a billion?



The next time you hear a politician use the word 'billion' in a casual manner, think about whether you want the 'politicians' spending YOUR tax money.
A billion is a difficult number to comprehend,but one advertising agency did a good job ofputting that figure into some perspective in one of its releases.

A.
A billion seconds ago it was 1959.

B.
A billion minutes ago Jesus was alive.

C .
A billion hours ago our ancestors were living in the Stone Age.

D.
A billion days ago no-one walked on the earth on two feet.

E.
A billion dollars ago was only 8 hours and 20 minutes, at the rate our government is spending it.

While this thought is still fresh in our brain, let's take a look at New Orleans. It's amazing what you can learn with some simple division.

Louisiana Senator, Mary Landrieu(D), is presently asking the Congress for$250 BILLIONto rebuild New Orleans . Interesting number, what does it mean?

A.
Well, if you are one of 484,674 residents of New Orleans, (every man, woman, child)
you each get$516,528.

B.
Or, if you have one of the 188,251 homes in New Orleans , your home gets $1,329,787.

C.
Or, if you are a family of four, your family gets $2,066,012.

Washington, D.C.
HELLO!
Are all your calculators broken??


Accounts Receivable Tax
Building Permit Tax
CDL License Tax
Cigarette Tax
Corporat e Income Tax
Dog License Tax
Federal Income Tax Federal Unemployment Tax (FUTA)
Fishing License Ta x
Food License Tax
Fuel Permit Tax
Gasoline Tax
Hunting License Tax
Inheritance Tax
Inventory Tax
IRS Interest Charges (tax on top of tax),
IRS Penalties (tax on top of tax),
Liquor Tax,
Luxury Tax,
Marriage License Tax,
Medicare Tax,
Mortgage Tax,
Property Tax,
Real Estate Tax,
Service charge taxes,
Social Security Tax,
Road Usage Tax (Truckers),
Sales Taxes,
Recreational Vehicle Tax,
School Tax,
State Income Tax,
State Unemployment Tax (SUTA),
Telephone Federal Excise Tax,
Telephone Federal Universal Service Fee Tax,
Telephone Federal, State and Local Surcharge Tax,
Telephone Minimum Usage
Surcharge Tax,
Telephone Recurring and
Non-recurring Charges Tax,
Telephone State and Local Tax,
Telephone Usage ChargeTax,
Utility Tax,
Vehicle License Registration Tax,
Vehicle Sales Tax,
Watercraft Registration Tax,
Well Permit Tax,
Workers Compensation Tax.

STILL THINK THIS IS FUNNY?
Not one of these taxes existed 100 years ago, and our nation was the most prosperous in the world.. We had absolutely no national debt, had the largest middle class in the world, and Mom stayed home to raise the kids.

What happened?
Can you spell 'politicians!'

And I still have to 'press 1' for English.

I hope this goes aroundtheUSA at least 100 times

What the heck happened?????
 

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Bucky Brain Surgeon
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908 Posts
Very thorough Moon. There's one politician who is saying he's going to cut taxes for 95% of Americans. He says this is good for the economy. Then he says he may suspend his tax proposals because of how it would affect the economy. My head is spinning! He also plans to increase taxes on business. I would love for someone to ask him if he thinks the businesses will pass the increased cost onto consumers, lay off workers or if he thinks they will just eat it.
 

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lurking in the shadows
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7,332 Posts
if he thinks the businesses will pass the increased cost onto consumers, lay off workers or if he thinks they will just eat it.
BD, yea that is like my electric bill going up 60.00 in one month for a 'rate increase' from progress energy--I am sure they did this to give their employees a cost of living raise, right?

(MooN is very sarcastic ;) )
 

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Bucky Brain Surgeon
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908 Posts
Probably not, but it is entirely possible the increase is to cover the cost of new eco-friendly upgrades mandated by law. Gasoline costs a lot more in California because of taxes and higher environmental standards.
 

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Registered
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1,306 Posts
We battened down the budgetary hatches in our house a long time ago. Fortunately, hubby's profession is fairly recession-proof and we have options. Plus we're not paying a big honkin' mortgage and/or have children and loads of credit cards.

To quote Jack Nicholson in Batman "This town needs an enema" so perhaps (naively maybe), some good will come of it all. The attitude of entitlement and culture of blame will be cured.

What hopes eh?
 

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Clarification: Not A Man
Joined
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1,182 Posts
My ignorance...it shows

Dog License Tax
Fishing License Ta x
Food License Tax
Fuel Permit Tax
Gasoline Tax
Hunting License Tax
Inheritance Tax
Watercraft Registration Tax,
Well Permit Tax,
Recreational Vehicle Tax
Luxury Tax,
Um… all of this ^^^ is it really necessary? o_O
State Unemployment Tax (SUTA),
If you are unemployed….how does that work…
IRS Interest Charges (tax on top of tax),
IRS Penalties (tax on top of tax),
The IRS… don’t they take a chunk of that paycheck thing anyhow? And have taxes paid yearly to them…
Federal Income Tax Federal Unemployment Tax (FUTA)
Telephone Federal Universal Service Fee Tax,
Telephone Federal, State and Local Surcharge Tax,
Telephone Federal Excise Tax
Things marked federal…does that mean they are taxes put up nationally or things used federally that the Govt. is having us pay for…?
Telephone Recurring and Non-recurring Charges Tax
Telephone State and Local Tax
Telephone Usage Charge Tax
Telephone Minimum Usage
Why are there 7 different phone taxes?


if someone could explain this that would be great! :)
i know i should probably know this but i dont.... so i need it explained....
 

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Going bump in the night..
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3,388 Posts
Our current state of affairs is due to those currently in office.
One hundred senators, 435 congressmen, one president, and nine Supreme Court justices.
These are the people that are solely and totally responsible for our current economy, foreign policy, taxes, etc.

Not We, The People.

These people vote and decide how we, as a people, as a union, will proceed.
They make and approve our budget.
They set our federal taxes.
They spend our money.

Not We, The People.

If you're dissatisfied with the current state of affairs in our country, you can run for these offices as well - or, at the very minimum, make what difference you can with your vote.
Don't take the lazy way out, and just re-vote the existing representatives back into office - look at who's running, and vote for someone who may make a difference.

Don't listen to the excuses of Congress, the House, and the Oval Office - they are responsible...not the bureaucrats that they hire and fire.

Vote. Make whatever difference you can. If you don't, then don't complain when you don't like results.
 

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Join my Doomsday cult!
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963 Posts
Hey Dogman,

Most of those "taxes" in the first section aren't taxes, they're fees.
For example, if you don't have a dog, you don't owe taxes for a dog license. You pay a fee for one only if you need it, you pay taxes for a fire dept. even if you never need them.
I don't pay for my neighbors RV, his right to fish or hunt, his watercraft registration, or his permit to drill a well. You can call things like that a tax, but they're not, those are really just fees.
Another example is the luxury tax. It is called a tax, and is figured as a percent of the cost just like a tax, but it is only paid when you make the purchase. In reality, that's a fee. If it were an actual tax, you would owe every year you owned the "luxury" item.


Unemployment tax is paid by your employer, to cover your unemployment benefit should you need it.


Interest charges and penalties are not taxes. Interest that the IRS charges is just the governments way to recover the interest they would have made, had the amount owed been paid on time. The penalty charge is just that, a penalty, punishment for not following the law. If you pay what you owe, when you owe it, you'll never have to pay a penalty or interest.


As for "things marked federal", yes. Those are taxes levied by the federal government, to pay for things. When the government funds anything, it is paid for with tax dollars. If the fed just printed new money to pay for things, the value of the dollar would go down with every new bill they printed. The amount of "new money" put in circulation is closely regulated.


If you don't like the phone taxes, (yes, they are a bit ridiculous!), get rid of your land line and get a no contract cell phone. I haven't paid a phone tax in years. My service provider might be paying them, but since I have no contract or land line, I'm only paying for the time I'm actually using my phone.


Back to the state of the economy... COME BACK MR. GREENSPAN, PLEASE COME BACK!!!
 

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Bucky Brain Surgeon
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908 Posts
30 years ago California was going through a housing boom and home prices were skyrocketing. Every year every house's value was reassessed based on the increase in prices in the neighborhood. Thousands of people living on fixed incomes were losing their homes because they could not afford to pay the property taxes. California passed a ballot proposition that limited the amount that property tax could be raised year over year and permitted valuations to be set on a particular property at the time of sale.

The educators came out and cried that the schools would be overflowing with students. Teacher layoffs would cripple the education system. Houses would burn to the ground because cities couldn't afford the firemen they needed, crime would take over our cities as police departments would have to lay off officers. It all sounded pretty scary, but NONE of it happened! The government found appropriate ways to trim their budgets and they found ways to create additional sources of revenue. They found a gold mine. Who needed property taxes? They started charging "fees" for all sorts of things. They thought that if they called them fees that we were too stupid to catch on that it is actually a tax. Now our phone bills, energy bills, cable bills, water bills, car registration are all full of these "fees".

Here is one of my favorite Huntington Beach taxes. For years, we had an occasional street sweeper wind down the street. The city decided that they would mandate that the streets be cleared of parked cars on certain days of the month for street sweeping. Now my neighborhood, kept the streets clean in front of their own houses. We didn't need street sweeping. Now they send in a street sweeper with 2 or three parking enforcement vehicles, $65 tickets on all of the cars parked on the street. We were told that the tickets would pay for the street sweeping that we didn't thind we needed anyway. What they didn't tell us is that the net income from the parking citations far exceeds the cost of street sweeping and enforcement. I'm convinced that from the get go, this was a scam to net more money into the city treasury.
 

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Here's a funny take on it from this side of the Atlantic, courtesy of the crew at The Daily Mash; :D

MILLIONS of Britons last night realised the collapse of the banking system meant nothing to them as they have no money anyway.

As Gordon Brown unveiled his latest multi-billion pound guess, people across the country said not only do they have no savings but they do not know anyone who does.

Tom Logan, an IT consultant from Peterborough, said: "I've got a £3000 overdraft, a £17,000 car loan and a mortgage the size of Canada - does that count as savings?

"I always assumed that if the banks went down all my debts would be cancelled and I'd get a free house."

He added: "I think we should let one or two of them collapse. Just to see what happens."

Charlie Reeves, a salesman from Bristol, said: "Why do we need banks? I'm more than happy to pay cash for my lager and my cheese products. And the guy who sells me knocked-off Bulgarian porn does not - and never will - accept Visa."
 

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kakos
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7,217 Posts
our current state of affairs is due to those currently in office.
One hundred senators, 435 congressmen, one president, and nine supreme court justices.
These are the people that are solely and totally responsible for our current economy, foreign policy, taxes, etc.

Not we, the people.

These people vote and decide how we, as a people, as a union, will proceed.
They make and approve our budget.
They set our federal taxes.
They spend our money.

Not we, the people.

If you're dissatisfied with the current state of affairs in our country, you can run for these offices as well - or, at the very minimum, make what difference you can with your vote.
Don't take the lazy way out, and just re-vote the existing representatives back into office - look at who's running, and vote for someone who may make a difference.

Don't listen to the excuses of congress, the house, and the oval office - they are responsible...not the bureaucrats that they hire and fire.

Vote. Make whatever difference you can. If you don't, then don't complain when you don't like results.
Very well said!!!!
 

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Prince of Arkham Asylum
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2,533 Posts
I'm investing in precious metals to survive the post-Obama world.

Ammuntion.
This would have been good advice a few years ago to survive the post-Bush world. There's lots of blame to go around, but Bush has driven this country into the ground with his fear tactics to keep citizens in line and with "the program", and by spending like he was a drunken sailor.
 

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Join my Doomsday cult!
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963 Posts
Oh, come on now Joker... All that money Bush has spent was for a good reason.
Results don't lie.

We found all those weapons of mass destruction, and now the middle east is a much safer place. No more bombs exploding in the streets!

He sent our troops into Iraq, they did the job, and then he brought them home. He achieved his goal in a timely, cost effective manner, without putting anyone at undue risk. He's a brilliant strategist!

We hunted down Bin Ladin and brought him to justice. The world needn't worry about him anymore.

All the money that Bush spent to improve our countrys infrastructure has paid off. Our schools are well funded, unemployment is low, crime is unheard of and the economy is booming!

The entire world respects us and applauds our actions and policies. Bush has received praise world-wide, being called a genius, and a great humanitarian!


Don't wake me up!!! This is the best I've felt in a year!!!

Like I said, "Results don't lie!"
 

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Prince of Arkham Asylum
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2,533 Posts
I wonder what it would be like to be widely known as the worst President EVER!! George is a fairly young man and he has to live the rest of his life being known as the man who essentially destroyed the U.S. economy. Now granted, I understand that he wasn't the only one responsible... not at all, but being the leader of the Free World, he will be held responsible and viewed as the man who was responsible for our country's current state.
 

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Bucky Brain Surgeon
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908 Posts
This would have been good advice a few years ago to survive the post-Bush world. There's lots of blame to go around, but Bush has driven this country into the ground with his fear tactics to keep citizens in line and with "the program", and by spending like he was a drunken sailor.
Bush doesn't have authority to spend money. Congress has that authority. Bush can veto spending bills, he neither writes the spending bills nor does he have a U.S. Treasury checkbook. I just don't get why people think this, just because Obama and Pelosi says it?

Anyone who remembers basic Government knows this. Obama and Pelosi both know it but they know that most Americans are ignorant and think Bush just spends money without their approval. Hence, their claim that the spending is all Bush's fault. As far as the fear thing goes, I still think Osama wants to hurt us bad. I haven't heard of him retiring and calling off the Fatwa to destroy us. Maybe I missed it.
 
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