Saturday, October 19, 2013

DEBT Ceiling Rasied! So to Counter that, is Next Stop: Raising Federal & (where there is) State Taxes, Inevitable???


WHEN The former Soviet Union's Yuri Gagarin became the first human to journey into outer space & his spacecraft VOSTOK completed an orbit of the Earth on 12 April 1961, The United States of America had To Raise the bar & We Did in July, 1969 with Neil Armstrong & Company landing on The Moon.


The US since then Raised The Bar of pioneering Spirit through NASA & then many a private enterprise into Space....most recently Elon Musk splendid experiments too!



With The Federal Debt Bar finally having been Raised & Ted Cruz rendered insignificant at least for now, we need America to get Re-Established as a Pioneering Nation and certainly NOT by Raising Taxes or pushing out Social Security checks.



Raising The Bar is always a Good Thing, but Raising even more Debt and no clear methods on reigning in the spending actually means the Government will conveniently reduce Debt by getting it from The People via Taxes. So for Sure Taxes will have to Naturally Go Up! That SHOULD be avoided if we can.



I am going back to what the President recently said: 'We will Bounce Back, despite the 16 Day Shutdown'.



As a Professional CPA, I clearly know Taxes will go up, that is the only convenient easy way for any government to hold the reigns as the spending goes ballistic.



I also need to share with Socialistic Minded Democrats that Taxes DO NOT just go up for the Perceived Haves at lets say for example a bar North of US$ 160k (AGI).
When they go up, TAXES go up for ALL! Period! That is how it works.



Let us Americans hope that the Pioneering Spirit with which The US landed Man on the Moon in 1969, there will be More Innovation, More Manufacturing, More Jobs here in the US & indeed we do Bounce Back with ENTERPRISE & TRADE as opposed to Taxes, being the route to reign in or balance or reduce the Deficit Gap.



Its important that we all think this way instead of sitting on the fence & criticizing and listening to Radio Hosts keep on criticizing President Obama.



Of course its embarrassing when Obamacare web site does not work well. That is actually alarming! Is that because that is a Government Program?



Its funny. EBay, PayPal, Amazon are all Pioneering American Companies in the Market Place and Worldwide too! These entities are primarily successful 'cause of the backbone of a Web Based Super Structure that is Strong!



Why is it after spending Several Million Tax Dollars, the US Government is unable to render a decent Web Based Obamacare System?



How can we 'Bounce Back', if there is squandering & No Accountability?



That should change, Heads should Roll and Competent People should steer ObamaCare IT Systems and front end through the Thicket it finds itself in.



I CANNOT believe, there are No Competent IT Leaders such as able CIO, CTOs' in this Great Nation of ours who cannot provide a Vision & Plan to construct a Robust Web Based Federal Health Care System front end & Rear too, basic Client/Server Architecture Environment, without squandering Tax Dollars. We need to Bounce Back!

Note: for those who are worried about Taxes Going up in the US, your fear is justified.  Any person of ordinary Prudence is living with that valid fear.  Feel welcome to meet with me. There are many valid options that can be explored & discussed and Solutions are offered by the US Tax Code to help minimize and even avoid Heavy, Immediate and Absolutely Avoidable Taxes on your Retirement Funds, be they 401(k) or IRA or other Tax Deferred Repositories.  You owe it to yourself to see a Good Quality CPA to help you circumnavigate the Provisions of the Tax Code to help you fortify and help keep more of your nest egg for yourself.