Saturday, July 5, 2008

TaxFoundation--Who Pays & Who Receives

The following data from the Tax Foundation shows the progressive income distribution for different income levels:

Who Pays Taxes and Who Receives Government Spending?
An Analysis of Federal, State and Local Tax and Spending Distributions, 1991-2004
by Andrew Chamberlain and Gerald Prante

Working Paper No. 1
Abstract
While the U.S. tax system is progressive, the distribution of government spending makes the overall fiscal system more progressive than is apparent from tax distributions alone. Using a microdata model we estimate the distribution of federal, state and local taxes and spending between 1991 and 2004. We find households in the lowest quintile of income received roughly $8.21 in federal, state and local government spending for every dollar of taxes paid in 2004, while households in the middle quintile received $1.30, and households in the top quintile received $0.41. Overall, tax payments exceeded government spending received for the top two quintiles of income, resulting in a net fiscal transfer of between $1.031 trillion and $1.527 trillion between quintiles. Both taxes and spending appear to have large distributional effects on households, and these effects have grown since 1991. The results suggest tax distributions alone are an inadequate measure of progressivity, and policymakers should examine both tax and spending distributions when judging the overall fairness of policy toward income groups.

Read the PDF: Working Paper No. 1

An easy chart to understand is on page 30 of the Working Paper No. 1 above.

Senator Warner--Contact Form

Anyone interested in contacting Sen. Warner regarding the 55 mph speed limit can click on the Title link above.

Friday, July 4, 2008

Perot Charts--Charting Government

Another link submitted by a concerned voter gives additional information for the Voter to focus on the real financial problems facing our country. Keep in mind financial problems in government aren't treated as financial, but political. Keep you eye on the real problem and not be deceived by the misleading Sound Bite.

I found the chart on The Composition of Federal Spending for 2007 interesting. It seems to show that the real Federal expense problem is not Defense, but the rest of Government.

What was the cost to our economy of 911? What cost would there be if we had another 911, or worse? What is the cost of loosing Iraq to Iran, or some other terrorist, or anti US group? How would that compare to the Defense Budget, or some percent of it? How much ethanol do we need to offset the oil loss in Iraq if we surrender? What would that do to our GDP and food prices? Not to mention our reputation and international standing? What would be the value of the $?

Since this chart also shows revenue, I'll try to provide a link to show who pays the revenue in another listing. Do the "wealthy" have enough? Is more Government your solution?

US Government Spending

After the question came up about the cost of Defense Expenditures, I found this fantastic site. While I haven't verified the data, the presentation and access to various presentations is extremely powerful and enlightening.

For example: USGOVERNMENTSPENDING.COM by Christopher Chantrill for 2008 shows that the percent of GDP for Defense is 5.092%, for Pensions is 5.117%, and Health Care is 4.757%.

Now, I'm not the most knowledgeable about the Constitution, but I do remember that the Federal Government has the responsibility for Defense. I don't remember any mention of Pensions and Health Care.

The growing cost of Defense depends on the Enemy, but the growth of Pensions and Health Care depend on Socialistic Governmental attitudes, while the reduction depends on Capitalistic attitudes.

Ask yourself, which expenditure do we have a handle on, and which is paying it's own way? Which is performing and which is a promise to be performed on in the future? Which affects the GDP Growth more?

Blame Defense and you ignore the Real Problem.

4th of July Special Patriotic Favorites

Where else but the United States Marine Band

SEIU,Soros by Democracy 21

Someone mentioned the power of the SEIU. Democracy21 provides more detail in the Title Link about the SEIU and Soros Connection.

Team that with George Soros and what do you have? The Fund for America in 2008, ACT, and The Media Fund until they are converted from 527's to 501's which are harder track.

The same article discusses the Republican Party and their leaders. You can track these if you choose.

Tuesday, July 1, 2008

CQ Election Map

Click on CQ Election Map above to see the breakdown of the Election Map for the House, Senate, and Governor Races by State/District. You can also view critical states and races.

You can see what's at stake and where something can be done to help.

Do you have any input regarding specific races in your area?