“If the Democrats get their way on taxes, the top combined tax rate would soar to 62 percent, warns economist Stephen Moore of The Wall Street Journal.
A combination of higher income tax rates, phasing out of deductions, payroll taxes, state taxes, new healthcare taxes, and a 3 percent “millionaire’s tax” would add up fast, Moore says.
Essentially, the Democrat’s plan is more Jimmy Carter than Bill Clinton, he writes in an Op Ed for the newspaper….”
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Well, that would not be that high for 3 ongoing wars…
http://nickgogerty.typepad.com/designing_better_futures/2009/06/great-depression-and-top-marginal-tax-rates-since-1913.html
Here in Germany I, at least, get a comfy welfare cushion, socialist Healthcare (it’s not that bad, when you’re used to it) and the Autobahns for my 50+% taxes.
What are the Democrats going to spend it on? Or the GOP next term… (shudder)
wild bill blow job also said that medicare should go to. the politicians are using so-sec, medicare as a battle ground,why, BECAUSE THEY ALREADY SPENT MY MONEY AND NOW, BECAUSE WE WONT GET JUST A SMIDGIN OF IT BACK,THEY NOW PURPOSE TO CUT IT, HEY WILD BILL BLOW JOB,HOWS ABOUT TAKEN A 2/3 RDS CUT IN YOUR PRESIDENTIAL PENSION,YOU DONT NEED IT!!!!!!!!!!!!!!!! I HOPE WHATS HAPPENING IN SPAIN HAPPENS HERE, CAUSE YUZ ALL GONNA HAVE A BIG SURPRISE BY ALL THE AMERICAN CITIZENS.
Steve Moore is a frothing idiot, given to speaking out of his posterior orafice.
Moore wrote:
““If the Democrats’ millionaire surtax were to happen — and were added to other tax increases already enacted last year and other leading tax-hike ideas on the table this year — this could leave the U.S. with a combined federal and state top tax rate on earnings of 62 percent,” he figures.
“That’s more than double the highest federal marginal rate of 28 percent when President Reagan left office in 1989.””
Sounds like a good, honest, apples-to-apples comparison to me. We should treat Moore with all the respect due to a man capable of such fine thinking and possessed of such a passion for well-informed citizenry.