Matt Ball: “You wrote . . . ‘If Romney were smart, he’d say, “It’s crazy that people like me pay such a low tax rate. I have the expertise – and the Street cred – to fix that. And if you elect me, I will.” Instead, he defends the status quo . . . that his lobbyists helped create.’ Actually, Mr. Romney’s policy would give him and his fellow multi-millionaires a very large additional tax cut – on top of the budget-busting Bush tax cut.”
☞ There I go again understating the case against Republicans. Matt is absolutely right. According to the Christian Science Monitor, “[Under] Romney’s tax, high-income households would win big and poor families would actually fare worse.”
If you like this 90-second elephantine address, send it to your list.
STATE TAX BURDEN BY INCOME LEVEL
Scroll down to the table see how progressive or regressive your state is. In Florida, the poorest 20% pay 17.6% of their income in local taxes; the top 1% pay 2.6%. In New York, it’s 9.6% versus 7.2%.
INNUMERACY – ii
Bill Merkel: “I just finished reading Malcolm Gladwell’s Outliers, and today’s column made me think of the chapter called Rice Paddies and Math Tests. If you haven’t read it, here’s an excerpt. Fascinating stuff, as usual, from Gladwell.”
- A A A
Quote of the Day
What's so fair about eliminating the interest deduction on your first car but not on your second home?~Murray Weidenbaum
Sign up for emails
- Dec 12:
Uruguay, India, Spain: Good News, Bad News, Joy
- Dec 11:
Are You As Smart As Jeff? Is Glenn Going To Quadruple Our Money? Did I Invent The Forever Stamp?
- Dec 10:
Hard At Work For Failure
- Dec 9:
Your China Thoughts; Some Health Care Facts
- Dec 6:
China IV – Thank You For Making My iPhone, By The Way
- Dec 5:
China – III – “You Have Your Tea Party, We Have Ours”
- Dec 4:
ETRM and Butt Kick
- Dec 3:
- Dec 2:
If I Had Told You . . .
- Nov 30:
The Circus Is Over – Updated
- Dec 12: