tired of trite, bored by braggadocio, left and right puzzle alike? here.s a social satire and culture blog testing strained ethics all pre2010 posts stolen. I prohibit relatives, their fans from: me, contact, all administrative claims to decisional power or profit from info about me, in manners life, legal, medical, wear, social, intellectual or work, property, body, organ disposition, postmortem, alien to me. post hacking, slander is constant for slavery, torture and death also mine.
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Wednesday, December 07, 2011
Andrew Cuomo and Democratic Values. While New York's governor has been touting a more just taxation system that would have those in a lesser bracket pay less, those in a higher pay more, once the newspapers discovered that with the so called millionaire's tax (a tax surcharge) gone, the higher brackets would pay less of a percentage of taxes than they do with it still in place, the Governor has miraculously changed his statements, criticizing all increased taxation as a deterrent for the development of the economy (hell if I'll ever use the term grow). The loss in tax revenue will be a neat 2.1 billion. The millionaire's tax about to expire was 7.85% for those earning from 200,000 to 500,000 and for those earning $500,000 and up 8.97%. Here are the percentages, soon to diminish yes, but for whom?: $200,000 : now 6.85 in the future 6.65%; for those earning $350,000: now 7.85% in the future $6.85; for those earning 2.5 million: now 8.97%, in the future 8.82%. A way to improve things? Here's a quote from The New York Times:" The Public Employees Federation, the second largest union of state workers, produced a flier urging people to call Albany lawmakers and demand that any tax deal generate the same amount of money as the expiring tax surcharge." Hey, I'd go bolder and encourage a percentile increase in those earning $100,000 and over, this moderated by a peek into family composition too. Let's just see if there's a problem with the budget anymore.
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