Contact Attorney Richard Keyt: 480-664-7478|rk@keytlaw.com

45 States Collect 8.9% Less Taxes

According to the Tax Foundation’s article called “State Revenue Changes from 2008 to 2009,” 45 states collected an average of 8.9% less in taxes in 2009 than in 2008.  Here are the top 16 tax revenue losing states:

  1. Alaska: 51.9%
  2. Arizona: 19.7%
  3. South Carolina: 16.8%
  4. New Mixico: 15.1%
  5. California: 15.0%
  6. Idaho: 14.1%
  7. Virginia: 12.8%
  8. Connecticut: 12.1%
  9. New Jersey: 11.9%
  10. Utah: 11.9%
  11. Georgia: 11.7%
  12. Massacusetts: 11.7%
  13. Florida: 11.5%
  14. North Carolina: 10.6%
  15. Colorado: 10.3%
  16. Tennessee: 10.0%

Government Greed – Government Workers on the Gravy Train

The average annual salary of a City of San Francisco is $93,000.  One third of its employees make over $100,000 a year.   A retired deputy police chief got $516,118 in one year.  The base salary for a SF fireman is $102,64.  Twenty-eight city workers make over $250,000 a year.  Investors Business Daily:  “The city’s unions, which are powerful even by California standards, have produced a public-workers’ paradise financed by high taxes on tourists, businesses (San Francisco even has a 1.5% tax on payrolls) and regular folk . . . . “

GM Chairman + Bad Math = Bogus Claim GM Repaid Loans to US

Last week Government Motors Chairman Ed Whitacre wrote a story in the Wall St. Journal called The GM Bailout: Paid in Full” in which he said:

“We’re paying back — in full, with interest, years ahead of schedule — loans made to help fund the new GM. Our ability to pay back these loans less than a year after emerging from bankruptcy is a sign that our plan for building a new GM is working.”

How can a man who cannot do simple math be chairman of one of the largest companies in the world?  The U.S. loaned GM $50 billion.  GM repaid $5.8 billion.  50 -5.8 = $44.2 billion!! See “GM Still Owes Us” and “Fun with Numbers: GM ‘Payback’ of Taxpayer Loans.”  The latter article states, “TARP Inspector General Neil Barofsky has asserted, as paraphrased by Fox News, that GM “only repaid the bailout money by dipping into a separate pot of bailout money.”

See the New York Times story called “Repaying Taxpayers With Their Own Cash” for more on this topic.

In 2008 Average Federal Worker’s Total Compensation $160,767 & Average Private Sector Worker’s Comp $69,790

Washington Examiner:  “As of 2008, the average federal salary was $119,982, compared with $59,909 for the average private sector employee.  In other words, the average federal bureaucrat makes twice as much as the average working taxpayer. Add the value of benefits like health care and pensions, and the gap grows even bigger. The average federal employee’s benefits add $40,785 to his annual total compensation, whereas the average working taxpayer’s benefits increase his total compensation by only $9,881.”

When you combine salary and benefits, the average federal employee (one of the ruling class) got $160,767 in 2008 while the average private sector employee (peasant class) got $69,790. The people work and pay taxes to pay the salary and benefits of the ruling class consisting of federal, state and local government workers.

Copyright 2009-2015 Richard Keyt
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