Bait & Switch The true price of Obama

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Bait & Switch The true price of Obama

The costs of Obama and his pro­grams are becom­ing more appar­ent. via five feet of fury) those who oppose him:

Even if you add in all pos­si­ble “indi­rect” jobs that could be attrib­uted to this sub­sidy flurry, it still works out to $1.63 mil­lion in sub­si­dies per job cre­ated, accord­ing to the report.

Just to be clear, this isn’t some tax­pay­ers fed­er­a­tion or Repub­li­can Party group writ­ing this scathing review. This is the US gov­ern­ment itself.

Con­sider that $1.63 mil­lion dol­lar fig­ure. Imag­ine a WPA style pro­gram such as busy work/​cleanup that a city might nor­mally not do because of reg­u­lar bud­get. Say 3 ten man crews at $30,000 each plus another $10K in side expenses and taxes. Add a chief to run each crew, say $50K each with taxes and one guy to super­vise the super­vi­sors, let’s make him expen­sive: $100,000 count­ing ben­e­fits and taxes on say an $80K pay.

$1.2 mil­lion (work Crew 39 men)
$ .15 mil­lion (Three crew chiefs)
$ .1 mil­lion The supervisor

That adds up to $1.45 Mil­lion dol­lars, employ­ing 34 peo­ple vs $1.63 mil­lion for one.

But we can’t have that can we? After all none of those 34 peo­ple are in a posi­tion to kick back money to the campaign.

Those fig­ures are no sur­prise to us who oppose him but to those who sup­port him (via Glenn) there is a sur­prise await­ing them as well

William Jacob­son (Cor­nell) blogs the tax con­se­quences of the Obama campaign’s Din­ner With Barack fundrais­ing raf­fle. Three win­ners and their guests will receive:

Roundtrip air­fare (val­ued at $1,200)
One night in a hotel ($200)
Din­ner with Pres­i­dent Obama ($200)

The rules state that “all fed­eral, state and local taxes asso­ci­ated with the receipt or use of any prize are the sole respon­si­bil­ity of the win­ner.” The $1,600 is includi­ble in each winner’s income under § 74 — at the 35% rate, that results in $560 of fed­eral income tax.

Imag­ine you are a retired black per­son who was so proud to see the first black pres­i­dent elected and decides to give that $3 from her fixed income to get him re-​elected, Just imag­ine her face after win­ning that din­ner with Obama her get­ting that $560 tax bill.

That image is the Obama admin­is­tra­tion in a nutshell.

Update: The DaT­e­chGuy Fundraiser is in progress, our goal is $3000 and any help is appre­ci­ated. For details click here for the progress check the ther­mome­ter to the right and to kick in hit DaTipJar”.





The costs of Obama and his programs are becoming more apparent. via five feet of fury) those who oppose him:

Even if you add in all possible “indirect” jobs that could be attributed to this subsidy flurry, it still works out to $1.63 million in subsidies per job created, according to the report.

Just to be clear, this isn’t some taxpayers federation or Republican Party group writing this scathing review. This is the US government itself.

Consider that $1.63 million dollar figure. Imagine a WPA style program such as busy work/cleanup that a city might normally not do because of regular budget. Say 3 ten man crews at $30,000 each plus another $10K in side expenses and taxes. Add a chief to run each crew, say $50K each with taxes and one guy to supervise the supervisors, let’s make him expensive: $100,000 counting benefits and taxes on say an $80K pay.

$1.2 million (work Crew 39 men)
$ .15 million (Three crew chiefs)
$ .1 million The supervisor

That adds up to $1.45 Million dollars, employing 34 people vs $1.63 million for one.

But we can’t have that can we? After all none of those 34 people are in a position to kick back money to the campaign.

Those figures are no surprise to us who oppose him but to those who support him (via Glenn) there is a surprise awaiting them as well

William Jacobson (Cornell) blogs the tax consequences of the Obama campaign’s Dinner With Barack fundraising raffle. Three winners and their guests will receive:

Roundtrip airfare (valued at $1,200)
One night in a hotel ($200)
Dinner with President Obama ($200)

The rules state that “all federal, state and local taxes associated with the receipt or use of any prize are the sole responsibility of the winner.” The $1,600 is includible in each winner’s income under § 74 — at the 35% rate, that results in $560 of federal income tax.

Imagine you are a retired black person who was so proud to see the first black president elected and decides to give that $3 from her fixed income to get him re-elected, Just imagine her face after winning that dinner with Obama her getting that $560 tax bill.

That image is the Obama administration in a nutshell.

Update: The DaTechGuy Fundraiser is in progress, our goal is $3000 and any help is appreciated. For details click here for the progress check the thermometer to the right and to kick in hit DaTipJar”.