Wednesday, October 6, 2010

PUNISHING THE PRODUCTIVE

Neal Boortz  "Come on, folks. The data is clear ... it's non-refutable. If you want to punish the rich for their success and hard work, an income tax will achieve exactly that: punish people. Punishment is meant to alter your behavior, to "teach" you that your actions were unacceptable. Is that the message we want to send to the producers? I didn't think so."

 The Bill Gates Income Tax  "To imagine what such a large soak-the-rich income tax would do to Washington, we need only examine how states with the highest income-tax rates perform relative to their zero-income tax counterparts. Comparing the nine states with the highest tax rates on earned income to the nine states with no income tax shows how high tax rates weaken economic performance."

Taxes and Presidential Math "Now compare the size of the tax cuts to the total amount of spending and you will see where the problem lies. Compare $700 billion—the tax cut the president said “would drastically expand the deficit”—to $41.9 trillion ($41,911 billion).
"If Washington is serious about reducing the debt level it could easily extend the tax cuts—it’s spending that must be cut." 

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