Tuesday, December 18, 2007

"Billions & Billions"

It's time for some perspective...

A. 1 billion seconds ago it was 1959.
B. 1 billion minutes ago Jesus was alive.
C. 1 billion hours ago our ancestors were enjoying the Stone Age.
D. 1 billion days ago nobody walked on the earth on two feet.
E. 1 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 BILLION to rebuild New Orleans. Interesting number, what does it mean?

A. If you are one of 484,674 residents of New Orleans (every man, woman, child), you
would receive $516,528.00
B. If you have one of the 188,251 homes in New Orleans, your home would be eligible for $1,329,787.00 in reconstruction and/or remodeling.

C. If you are a family of four, your family would receive $2,066,012.00Now, we know that even if the $250,000.00 Billion is granted, none of the above scenarios will play out, so where would all that money end up?

While I have you thinking…

Following are some of the reasons you cannot live on what you earn…
Accounts Receivable TaxBuilding Permit TaxCDL License TaxCigarette TaxCorporate Income TaxDog License TaxFederal Income TaxFederal Unemployment Tax (FUTA)Fishing License TaxFood License TaxFuel Perm it TaxGasoline TaxHunting License TaxInheritance TaxInventory TaxIRS Interest Charges (tax on top of tax),IRS Penalties (tax on top of tax),Liquor Tax,Luxury Tax,Marriage License Tax,Medicare 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 Fe e 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 Charge Tax,Utility Tax,Vehicle License Registration Tax,Vehicle Sales Tax,Watercraft Registration Tax,Well Permit Tax,Workers Compensation Tax.
I’m sure I’ve missed a few….

Not one of these taxes existed 100 years ago, and our nation was the most prosperous in the world. The U.S. had absolutely no national debt, had the largest middle class in the world, and most mom's stayed home to raise the children.

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