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Yup, the rich do not pay enough taxes. Well Secretary of State Clinton, since you think that way, may I suggest you and your husband cut a check and pay extra local, state and federal taxes immediately. There is nothing stopping you from paying more, but you won’t do it … and you know it.
I guess this is the political game. Reach out and let everyone know you’re going to lower the corporate tax rate from 35 percent to 28 percent, but then close all the “loopholes” – in other words eliminate deductions for many expenses – to ensure the overall tax burden of corporations goes up.
Last week, I wrote about the astroturfed protest by thousands of union employees at the Illinois capital. They were demanding a tax increase – for the children of course – that would amount to a 33 percent increase in the state income tax. This short video sums up what they want.
I understand Limbaugh’s situation is an individual case, but when you target high-wage earners with putative income taxes, those high-wage earners have the ability to work somewhere else. And sometimes they do.
Well come on … who do you think? Oh … and we finally have that “Get Out Of Jail Free” Card. Yea!
I’m note sure how to even comment on this one. From what I read, California went through a similar situation in 1992 where state workers – in lieu of a paycheck – got an IOU from the state and the employees were able to go to the bank and cash the IOU. Now, with more…
Is the Associated Press just realizing this fact? I wrote about this in 2008 and Rush Limbaugh has had the information on his home page forever. We really are spreading the wealth around when it comes to the federal tax burden in the United States.