Escape From New York? High-Taxing Empire State Loses 3.4 Million Residents in 10 Years – I love stories like this. The rulers of NY are just as brain dead and shortsighted as their counterparts in the PRC. They have no understanding of the concept of Cause and Effect. They believe they can continuously stick it to the “evil rich” and those folks will just bend over and accept being fiscally raped forever.
Dems disagree over higher tax rates – Answering the standard question, How many DemonRats does it take to define who the Evil Rich are? Some say $250,000 of income, while others push for a million dollars, as well as every level in between.
It is such a shame that so many people still believe that tax planning is a waste of time, when it is so obvious that the DemonRats are so focused on confiscating more and more money from the productive folks under the guise of Fairness. If these warnings aren’t motivation enough to start working with an experienced tax professional to devise an asset protection strategy, it’s tough to have much sympathy.
The Buffett Rule won’t bring in much money; but it will punish the achievers in our society; a motivating factor for 0baMao and his Fellow Traveler Marxists.
A bill designed to enact President Barack Obama’s plan for a “Buffett rule” tax on people earning more than $1 million a year would rake in just $31 billion over the next 11 years, according to an estimate by Congress’ official tax analysts obtained by The Associated Press. That would be a drop in the bucket of the over $7 trillion in federal budget deficits projected during that period.
Posted in Buffet, SoakTheRich | Comments Off on It’s all about “Fairness”
Millionaires on Capitol Hill: Please tax me more! – These idiots claim that they want to pay higher taxes, yet they refuse to voluntarily write checks to the IRS for the additional amounts they believe are fair.
Tax Guru - Ker$tetter Letter 