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.




2 comments:

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