Posted on 12/07/2010 6:06:56 AM PST by JohnRLott
Massachusetts recently rolled back the tax state income tax rate from 5.95% (Dukakis level) to 5.3%, although there was referendum making 5.0%, which the Great and General Court overrode. However, residents have the option of paying at the higher 5.95% rate and can so signify by checking a box on their returns. Can you guess which rate John Kerry chose to pay at?
Out of 3,000,000 tax payers guess how many voluntarily pay at the higher rate? Would you believe 20,000. Whose total tax liability was a few million dollars. Basically, they’re raising their average tax liability from $106 to $119, an average of about $13 increased taxes per 0.67% of the taxpayers who volunteered for the higher rates. This in a Moonbat 63% Obama state.
No! He does not!
http://www.youtube.com/watch?v=pCQAJ5na5Z4&feature=related
http://gregmankiw.blogspot.com/
Greg Mankiw teaches at Harvard and he makes a lot of sense, not that I always agree with him. I never disagree with him about empirical economic issues, however.
Of course, that’s why he knew exactly how to destroy the economic life of the nation. Thanks JohnRLott.
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