No wonder why we are being taxed!
If this upsets you, like it does me, post your comments below.
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Personal Growth Blog for Philip Tirone – Credit Scoring Expert and Champion for the Underdog
Archive for November, 2009
Tax Credit for Buyers Until May 30, 2010
November 19th, 2009In an effort to stimulate the floundering economy, President Obama on November 6 extended and expanded the first-time homebuyer’s tax credit.
The good news is that it is no longer just for first-time home buyers.
The tax credit was set to expire on November 30. The new law extends the first-time homebuyer tax credit until next spring. You can claim the credit so long as you sign a sales contract before May 1, 2010, and close before July 1, 2010.
You can qualify if:
- You and your spouse are both first-time homebuyers (defined as those who have not owned a home in the three years before the new purchase), you can qualify for a tax credit of 10 percent of the home’s purchase price—capped at $8,000 (an $800,000 purchase price).
- You have owned a home for the past five of the past eight years, and want to buy a new home. This tax credit is capped at $6,500.
Beware of Interest-Induced Holiday Hangovers
November 18th, 2009Almost half of banks responding to a survey by the Federal Reserve said they were increasing interest rates.
Suffering not only from the recession, but also from the new restrictions mandated by Congress, banks are passing the buck—or rather, they are grabbing the bucks wherever they can find them by increasing interest rates to make ends meet.
With the holiday season fast approaching, this is bad news for consumers who turn to credit cards to finance their holiday shopping. To stave off compounding interest charges—and the holiday hangover that corresponds with mounting credit card bills, we suggest leaving the credit cards at home when headed to a mall. Instead, follow this plan:
- Make a budget for each person on your shopping list.
- Label envelopes with the names of each person for whom you are buying a present.
- Place the amount of cash appropriated for each person inside the respective envelope—no more and no less.
When purchasing a present, withdraw cash from the appropriate wallet. This method creates a psychological barrier to impulse shopping. If you are tempted to splurge on a gift—let’s say you are robbing from Peter’s envelope to buy a gift for Paul—you will be dissuaded when you realize you will need to withdraw money from another person’s wallet to cover the extra cost of the gift.
If you want a copy of my book, “Preventing the Credit Holiday Hangover,” submit a comment below with your best money saving technique. I’ll email the book out to you immediately!
10% California Tax Update
November 13th, 2009We need to get to 10,000 signatures! According to Public Relation Firms, that is how we are going to gain “legitimacy.”
Julie Thimsen, from Conejo Valley, had a great idea – Call the John and Ken Show!
Attention: Misty (she is the gate-keeper – I have called!!!)
Their number: 800-520-1534
Their Email: johnandken@kfi640.com
Here is what you can put in the email:
Dear John and Ken,
I just signed this petition at www.NoToSacramento.org about repealing the 10% “Tax.”
Please mention it on your show! Thanks.
We can make this happen!
Philip Tirone
The Angry Californian
P.S. Here is a comment from Lisa:
Lisa, Santa Monica, CA says:
Due to the economy, I was recently “down-sized” from full-time with benefits to less than half-time, at a lower hourly pay rate, with no benefits. I have 2 young children, and am quickly being swallowed alive by debt. Even living paycheck to paycheck and running up what little credit I have left on my credit cards whileI look for supplemental work is not helping me keep my head above water — I NEED THE STATE’S HELP, NOT FOR IT TO ENCOURAGE MY FINANCIAL DOWNFALL BY STEALING THE TINY BIT I HAVE! This ridiculous tax increase may well be the final nail in the coffin for my family, causing us to lose our home.
Thank you Lisa for your comment – very touching.
Website Petition Launched Urging Californians to Say “NO TO SACRAMENTO” on 10% More in Tax Withholding – www.NOtoSacramento.org
November 12th, 2009LOS ANGELES (PRWeb) – Starting this month, California will take an additional 10 percent of our state tax withholdings in order to run the state, and one local consumer advocate says it’s not fair. And he’s fighting back with a new website, www.NoToSacramento.org.
“There was no vote on this,” says founder and consumer advocate Philip Tirone. “Simply, our state government has unilaterally decided to withhold a bigger chunk of our paychecks.”
“This is not fair, and that is why I’m doing something about it” Tirone adds. “Sacramento needs to start managing the State’s finances like Californians are managing their own pocketbooks. Most of us are cutting back and changing our lifestyle, but not state legislature. Basically, they issue an order for a no interest loan, with no vote, simply mandated by Sacramento. What gives them that right? This is stealing money from all working Californians, many of whom are living paycheck-to-paycheck.”
To urge the state to end this practice, Californians can sign an online petition at www.NoToSacramento.org.
“We must speak up together,” Tirone urged. “As individuals, we are weak, but together, they cannot deny us.”
The website is www.NoToSacramento.com, and the petition reads:
Dear Governor Schwarzenegger and state legislators:
You do not have a right to take my hard earned money simply because of your inability to govern our state.
You are clearly incapable of making independent decisions because the special interest groups have lined your political coffers with millions of dollars. This is preventing you from making the kinds of difficult choices that need to be made.
Instead of throwing up your hands and apologizing for not being able to make the cut, how about showing some true grit and announcing you will be going without pay for the next year?
Sacrifice should start from the top, especially considering that is where the trouble started.
If you don’t, we the voters will speak up, and we will start with this petition. We are saying “No To Sacramento.” If you think you are going to cram this self-imposed loan with no interest down our throats, think again.
If you voted Yes on this amendment, we will vote No on you in the upcoming election. If you do not change this immediately, you will be out of office quicker than you can say “pass the buck and stick it to the little guy,” which is obviously what you are trying to say.
For more information, visit www.NoToSacramento.org, or call (310) 453-1501.
Contact:
Philip Tirone
Phone: (310) 453-1901
Credit Card Companies – Can They Do That?
November 12th, 2009Have you had your credit card interest rates go up?
Have you been treated unfairly by your credit card companies or banks?
Are you willing to tell your story? If so… you can help!
I’m heading back to Washington to lobby our elected leaders and I need as many stories as possible so we can make a difference.
Let’s face it…. The LAWS are not fair, and they need to be changed!
Tell me your worst story about your bank or your credit card company.
1) What happened?
2) What did they tell you?
3) Why wasn’t it fair?
The more detail the better!
Post your comments below! Do it now!
Would You Walk Over a $20, $50, or $100 Bill?
November 11th, 2009Of course you wouldn’t.
But that is what Sacramento is taking from us each month…. UNLESS WE SPEAK OUT!!!
Everyone I talk to is in one of two categories:
They don’t know about the tax
They are frustrated about it
We need to SPREAD the word….. We are not going to get to 1,000,000 signatures without everyone doing something.
Philip Tirone
For those with a Gmail, Yahoo, Hotmail, AOL, Lycos, or Mail.com account – go here: www.notosacramento.org/sign/tell_friends
============================
Here are some latest comments:
Anne-Marie, La Habra, ca says:
Spend LESS and California would not be in such a financial disaster. Stop making the taxpayers pay for your big spending.
Eric,Clovis, CA says:
I am sick and tired of my Government spending above and beyond its means. They should be on a tighter and smaller budget.
Dawn Robsion, Long Beach, CA says:
I have nothing extra for you to “borrow”.
Debbie,Whittier, CA says:
Essentially you are”borrowing” money from me (interest free) as my access to credit and cash becomes more limited making it impossible for me to “borrow”from banks and/or credit institutions. How is this fair? And what if YOU cannot pay it back?
Kelly,Mill Valley, CA says:
Cut Government Not Tax cuts. Get out of our lives. This is madness, all the spending. STOP STOP STOP SPENDING. Sincerely you are all gone next year, so help me god and all the rational people left in this state.
Eloisa, OakPark, ca says:
UNFAIR FOR PEOPLE WHO IS TRYING TO FOOD ON THEIR TABLE FOR THEIR FAMILY…
Eloisa, Oak Park, ca says:
This is unfair..Don’t punish me for your mistake…
Michael, Redding, California says:
Hey California, don’t bitch. You must love high taxes and government control because you voted in these high tax, money grabbing, freedom taking, power hungry democrats.Elections have consequences and voting for the democrats this is what you get.I think I’ll move to Texas and watch California go down the drain. There publicans sit on their butts and won’t get out and vote to make a real change in the state so I am leaving and just watch it go down the toilet.
Mosheh Thezion, Burbank, ca says:
I am running for the U.S.Senate out of Ca… and if elected I promise to promote sweeping changes to the present financial systems it is, and free the people of this never ending debt.see…..> http://mosheh.org/THE-ISSUES.htmlhhttp://mosheh.org/Banks-47-Credit-Cards. htmlttp://mosheh.org/Currency.htmlAnd solve the global crisis… http://mosheh.org/Message-for-Bankers.html And to explain the problem to the people… see……..> http://mosheh.org/message-for-people.htmlTogether we can solve these problems. -Mosheh Thezion
Alberto, Huntington Park, California says:
A bunch of B.S. I’m already making minimum wage because of the way he’s running things and now this. Land of the free my butt!
Marlene, Santa Ana, CA says:
It is a shame that people are already hurting and now deeper into debt; we the people will experience greater discomfort. Whatever happened to compassion, community, preserving family, life, and dreams? California was the golden state where gold was first founded. What is important? What is the real agenda? Why are we suffering? We already pay enough taxes without leaving our home. Property tax, resale tax,transportation tax, auto tax, gas pump tax, income tax, business tax, school tax, the list goes on…ENOUGH IS ENOUGH!
Robert, REDLANDS, Ca says:
WHO DO YOU THINK YOU ARE!This is theft! I did not opt for this! A loan? You say we get this back on our tax return? Back from where? If you are broke ad taking money, how can you give it back and still run the budget? HOW DARE YOU! And right at the holiday time too! This is going to make Black Friday a little less black for the stores and me. GUESS WHAT: I SHOP OUT OF STATE SIMPLY TO DEPRIVE YOU OF TAX MONEY. When I am in PA or AZ or FL or OR I buy all the things I want. Laptops, iPods, you name it. This is time I can shot and NOT GIVE CA MONEY and I love it to bits.You are so mismanaging the money that you get that until you get your act right, there is no reason I should still fill your coffers. BE GONE WITH THE LOT OF YOU!
Scott,San Pedro, CA says:
Please notice What Partyin Sacramento is RAISING YOUR TAXES. It is the DEMOCRATIC PARTY -NOT- the Republicans. Don’t believe me, just check it out. Google the results of ANY Tax Bill. You’ll see the ENTIRE backers are DEMOCRATS and the small Republican Party can’t stop them by VOTING NO. YOU have got to Vote these Democrats OUT OF OFFICE if you WANT YOUR TAXES TO STOP!
Nicole,San Pedro, CA says:
There are currently seven of us living in our house (not including our 3 month old puppy) and we barely get by because 4 of said residents are still school age children and 1 is a high schooler still unable to get a job due to age. I feel that we are beginning to follow the French and other medieval countries, in the sense that we don’t tax the upper class as much as we, the middle or lower class(es), get paid. I feel that the adults in my household shouldn’t be working so hard to live in a country, in a state, that tells you dreams can come true. We aren’t all movie stars or producers. Many of us are just normal people trying to get by and when lawmakers misrepresent themselves and us, it’s just tyrannical and wrong. We shouldn’t have to pay for other people’s mistakes. It’s unjust and shows poor development of the state of California. Let’s INNOVATE and prove that WE ARE ALL EQUALS and just because you make more money than many of us,you shouldn’t be taxed less. Half of what a “Hollywood housewife”spends on luxuries we could use to pay rent, bills, etc. Why don’t they (the upper, richer, more luxurious class) start feeling our pain? We must learn from the past so we don’t keep messing up our futures and that of further generations!
Scott,San Pedro, California says:
10% EXTRA taken out is NOT Temporary BUT PERMANENT ! RE-STARTING EVERY YEAR. Most people foolishly thought it was Temporary. When will it be raised to 20-50% of our Income?
Michelle, Lynwood, CA says:
An increase on the prices of goods will decrease consumption, which will lead continue to hurt the economy because companies will have surplus and overall have a decrease in real GDP.
Jennie Castillo, Perris, California says:
Haven’t the working people been sacrificed enough? It seems anytime there is a problem WE the PEOPLE have to pay for it. You have done enough damage already.
Deborah,Venice, CA says:
I already got a ten percent PAY CUT in February that practically ruined everything. Another hit like this WITH NO NOTICE is just unacceptable. Why didn’t everyone get notified??
Misty, Murrieta, Ca says:
I’m a divorced, single mother of three..working hard. I live pay check to pay check and am already below poverty. Take any more money from me and we will be on the streets! Not far!!!Try not giving our money to illegal’s and maybe we can recoup. I sure the hell can’t get any help from the system I payed into!
Cynthia, Oakland,ca says:
This is not a far act because a lot of our hard earned money is going to taxes as is and this is just another thing that will keep many of us from forward with the money we receive from our checks. Thank you for listening Cynthia
Jesse, Palmdale, California says:
Too many of us in California are living pay check to pay check…and one pay check away from poverty. An increase in taxes will only expedite this insidious decree.
Bob Davis, Huntington Beach, California says:
I can’t afford for you to take more money from my paycheck.
Chris, Pasadena,CA says:
It is abhorrent that only the state can resist fiscal prudence this long. The answer is to cut spending– cut until the budget is balanced — just like we do at home.
Ricardo Zanotti, Camarillo,CA says:
It is an irresponsible shame what CA has done and continues to do. It’s not surprising the people that every progressive state is near bankruptcy. No more entitlements, people who earn their money respect it. Quit supporting illegal’s!!!
No To Sacramento!
November 5th, 2009
On November 1, 2009, our politicians “serving” in Sacramento have decided to take an additional 10 percent of our state tax withholdings in order to run the state.
That’s not a typo: they have imposed an additional 10 percent on November 1st, 2009.
CLICK HERE TO READ ARTICLE IN LA TIMES
To put it simple, our state government has unilaterally decided to withhold a bigger chunk of our paychecks.
Does that sound fair to you?
They say it’s not a “tax increase,” as we will get our money back in the future. I’d like to know when that will happen? According to the Wall Street Journal (November 4, 2009) the average Californian will lose between $20-$90 per month!
Think about this…. A no interest loan that is MANDATED BY SACRAMENTO.
Basically, a loan that is stealing money (it’s without our consent or vote) from all working Californians, many of whom are living paycheck-to-paycheck.
What gives Sacramento the right to do this to us?
Go to www.NoToSacramento.org and sign my petition. Let’s take back California!
Beware of the “Change” to Overdraft Fees
November 2nd, 2009Sure, the banks have been hit hard by the recession, but they are enjoying gross profits in one area: overdraft fees. USA Today reports that banks are expected to pocket $38.5 billion in 2009 from insufficient funds and overdraft fees, more than double the amount banks earned a decade ago.
In light of the bad press they have suffered in the past year, banks are eager to rebrand themselves as kinder and gentler. A few—including Chase, Bank of America, and Capital One—have capped the maximum number of overdraft fees it will charge any single customer in one day to four. At $35 a pop, this still causes customers in the red $140 a day—a hefty price tag for people who are already suffering financial strain. This is down from 10 in one day; Can you imagine getting charged $350 in one day due to overdraft fees?
How do you avoid this? Here are two ideas:
1. Call your bank and ask that it stop automatically paying transactions that overdraw your account. While they are not currently required to oblige your request (though a federal regulation might make it mandatory in months to come), banks might be eager to please unhappy customers by declining transactions that put your account in the red and saving you the overdraft fee.
2. Give yourself a $100 or $200 cushion—at least on paper. Today, make an adjustment to your bank ledger so that your records show that you have $100 or $200 less than you actually have. This will help protect you from overdrafts caused by charges that might have slipped your mind.
What People Are Saying About Philip
November 1st, 2009If you have an experience or story to share about your personal interaction with Philip, please feel free post a comment below.
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