Friday, May 18, 2007

Taxes...

Sunday is Tax Freedom Day, that day each year when we've earned enough to pay all the state, federal and local taxes we owe. Beginning Monday, everything we earn is now ours.

Now that Gov. M. Jodi Rell has backed off her plan to increase the state's income tax - 10 percent across the board - Democrats are revising their plan. They are now claiming that 95 percent of us can see a tax decrease under their new plan which calls for adoption of a graduated income tax where those earning more pay a higher tax rate.

Under the Democratic plan, any joint-filing taxpayers who make less than a combined $270,000 will see a tax cut. Meanwhile the property tax credit, which Democrats want to increase to $1,000, will not phase out until an income level of $200,000.

2 Comments:

Blogger matt said...

Do you really buy into the ATR "tax freedom" stuff?

Yuck.

1:59 PM  
Blogger mccommas said...

Under the Democrat budget they might see a tax cut but a lot of us are going to get laid off.

Employers are not going to stick around to be abused forever. And many are not waiting for the Democrats and Rell to make things even worse.

Hershey's is the latest to follow Franklyn Mushroom out the door screaming -- and taking their millions with them. That’s money that Rell and the liberals won't ever get to throw down a rat hole again.

85 years. That how long they were here employing people first under "Peter Paul" and then under Hershey's. CT left them no choice.

It always sounds good to say "Soak the rich" until it's you in the unemployment line.

Imagine a farmer eating his seed corn. That’s what we are going to our businesses. We are taxing them out of existence and in the long run that’s not in anyone’s best interests. The rich can afford to pack up and leave. It’s the little Mom and Pop stores that are completely ruined.

The self destructive macro-economic planning in this state is mind blowing.

4:29 PM  

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