Wednesday, August 4, 2010

WSJ: "If you live in a state that voted for Barack Obama, you get a tax cut."

A mindblowing article in today's Wall Street Journal;

The Blue State Blues

In other words, the various tax brackets would apply to residents in
certain regions at higher income levels versus other parts of the
country. A family with an income of $50,000 or even $1 million in
Manhattan would pay less federal income tax than a family with the same
earnings in Omaha. The bill is called the Tax Equity Act, but a more
accurate title would be the Blue State Tax Preference Act.
Summary of the bill is if you live in a state that voted republican you have to pay higher taxes, even though you make less money.


lonek8 said...
This comment has been removed by the author.
lonek8 said...

Did they have to use Omaha as the example? Now I want to move even more