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2009-03-30 Economy
"Millionaires" tax in New York
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Posted by Fred 2009-03-30 00:00|| || Front Page|| [1 views ]  Top

#1 "It's a profound breakthrough for tax fairness,"

Until they move to another State. Because they can.
Posted by DK70 the scantily clad 2009-03-30 01:04||   2009-03-30 01:04|| Front Page Top

#2 And will.
Posted by tipover 2009-03-30 02:30||   2009-03-30 02:30|| Front Page Top

#3 Where does George Soros live? Will he be paying his fair share on the 1.5 billion profits he ha recently made. How about a 100% tax rate on those profits?
Posted by Richard of Oregon 2009-03-30 04:51||   2009-03-30 04:51|| Front Page Top

#4 The two rules of economics are

If you punish something you get less of it.
If you subsidise something you get more demand for it.
Posted by Bright Pebbles the flatulent 2009-03-30 06:18||   2009-03-30 06:18|| Front Page Top

#5 "Temporary taxes"....? Oh yes of course. They're about to turn New York into California but it's blue on blue, so quite frankly Scarlet, I don't give a damn!
Posted by Besoeker 2009-03-30 07:37||   2009-03-30 07:37|| Front Page Top

#6 If you punish something you get less of it.


War on drugs?
Posted by g(r)omgoru 2009-03-30 07:59||   2009-03-30 07:59|| Front Page Top

#7 A disabled member of our family lives in NY.

Health care spending has indeed been slashed. School spending is sucked up by mandatory union-negotiated teacher salaries and as a result, the schools in many districts are in serious trouble.

NY took a major financial hit as a result of 9/11 and has not recovered. The state's hostility to small business doesn't help, but what broke things irrevocably was the impact on NYC of the attacks (disrupted finance industry, for one thing) and the massive expenses incurred for security since.
Posted by lotp 2009-03-30 08:33||   2009-03-30 08:33|| Front Page Top

#8 So lotp please tell me.... WHY DO SO MANY OF THEM CONTINUE TO INSIST ON VOTING DEM?
Posted by Besoeker 2009-03-30 08:36||   2009-03-30 08:36|| Front Page Top

#9 hmmm...maybe because so many of the Trunks in NY are Rockerfeller types who think the way to win is just to be different shade of Donk? Did Guiliani come across as a regular listener of El Rushbo?
Posted by Procopius2k 2009-03-30 09:10||   2009-03-30 09:10|| Front Page Top

#10 If you tax the millionares that live in your state, soon you won't have any.
Posted by Cyber Sarge 2009-03-30 11:18||   2009-03-30 11:18|| Front Page Top

#11 "The era of phony prosperity has ended, and a new era of real shared sacrifice must begin."

Phony prosperity is better than no prosperity.




Posted by DoDo 2009-03-30 12:26||   2009-03-30 12:26|| Front Page Top

#12 "Tax fairness". What exactly does that mean? Isn't it interesting that the very people who collect the taxes are the same ones who decide what one's 'fair share' is, and are also the ones who decide the punishment for not paying one's 'fair share'.
Posted by Chemist 2009-03-30 13:21||   2009-03-30 13:21|| Front Page Top

#13 A cunning plan - if your intention is to run all the money guys out of town.
Posted by mojo 2009-03-30 16:29||   2009-03-30 16:29|| Front Page Top

#14 Why doesn't "tax fairness" mean that EVERYBODY pays at least something in taxes for the services they're getting from the state/feds.

Right now at least 40% of the US population not only doesn't pay any taxes, but I'm betting the majority of that 40% gets money stolen by the gummint from you and me. What's "fair" about that?

Of course, if the Dems would just PAY the taxes they OWE, the gummint would have more money than it knew what to do with. >:-(
Posted by Barbara Skolaut">Barbara Skolaut  2009-03-30 18:16||   2009-03-30 18:16|| Front Page Top

#15 Right now at least 40% of the US population not only doesn't pay any taxes,

I see and hear this statistic all the time. I believe it is true for the Federal Income Tax. But virtually every one pays sales tax. And then there are all the other taxes for phones, property, either directly or through rent, excises on cigarettes and alcohol, and social security. I would not be surprised to learn that the full, all tax and excise, tax rate on the middle 90% or even 95% of the population is about the same.

But the "millionaires" in the top .5% will find a way around the tax, even if it means changing legal residence.
Posted by Nimble Spemble 2009-03-30 18:52||   2009-03-30 18:52|| Front Page Top

23:51 Frank G
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