Tax Foundation updated its analysis since Bloomberg reported that surtax under consideration is now 5.4%!!!!
Slavery
What’s NY City going to do after the fifty people left paying taxes decide to move out?
Meanwhile other countries give incentives to foreign investors.
Hahahahaha - liberals and socialists get the government they want. Now to figure out a way to keep them OUT of low tax Pennsylvania...!
I will not pay 50% tax. Ever. I’ll leave this country first. Never, ever thought I’d ever leave my country, but it’s looking like my country isn’t my country anymore. Don’t know who these people in power are or who voted them there. Certainly not MY people.
Folks! Obama is changing the entire United States economic system.
He has no intention of trying to save the capitalist system that has been a staple of our nation for over 200 years.
He wants complete dependence on government.
(shrug)
This is BS. Add in property tax, excise tax, sales tax, every other tax and most taxpayers in just about every state pay well over 50% now.
I wonder if we could help the economy by buying some of these???
Here in California, they want to get rid of Prop. 13 which keeps property taxes in the state at least fairly reasonable. They also want to raise the other taxes through the roof (sales, income, business, vehicle license fees). In L.A. County we have a 9.75% sales tax, and they want to add a parcel tax to pay the school teachers more money!
This is absurd!
I will be looking at property in Costa Rica on my trip in the fall.
Yo. All y'all that think that Zero is just stupid... I've got a clue for you... This SOB is EVIL:
My tagline says all that I want to say.
This is absolute insanity! If this passes, talk about a complete job killer. Businesses which currently are cutting back on hours or not hiring are going to be forced to take the next step...massive job cuts.
Don’t forget about Cap & Trade and no doubt they will be looking to raise even more taxes to try paying down the spiraling debt. Goodbye 9.5% unemployment, hello 12%, 15%, 20%...figures. If this passes, we’re going to look back at losing 500,000 jobs a month as being absolutely cheerful. All aboard the 2010 depression train!
All this plus the government dictating what health care you can and cannot receive - Remember what 0bama said at the Health Care town meeting, “Maybe that surgery isn’t the best thing, maybe taking that pain medication is a better solution”.
Sounds like Utopia.
Top fed rate will be 47.9% (39.6% + 5.4% + 2.9%). California top income tax rate is 10.55% for a total of 58.45%. That’s not including sales tax and property tax.
And then on top of that they are going to phase exemptions.
Depression coming.
0b0z0 and his anti America thugs have had these so called small business owners in their sights.
They will keep funding the Citibanks and other liberal run big businesses while serial killing the so called small business owners with more taxes, carbon credits and more paper work.
One of my younger relatives said that Rush discussed this targeting of small business owners this week. (I haven’t listened to Rush this week).