Tonight Democrat
Governor Deval Patrick of Massachusetts, in his State of the State Message, is
going to push for his proposed change in his state’s income tax rate from 5.25%
to 5.66% … almost an 8% increase.
Allegedly he wants to use the extra annual one billion dollars of
revenue that this rate increase would generate for important transportation and
educational projects (wink, wink, nudge, nudge). For more on this see: Boston Globe Story .
Also, the stick-it-to-em voters
in California
(run by Democrat Governor Jerry Brown) recently voted to increase (retroactively) the income
tax rate for those making $250,000+ from
9.3% to 10.3% and those earning $1,000,000+ from 10.3% to 13.3%. (I would opine
that these are confiscatory rates and, as such, few of the California glitterati end-up actually paying these taxes.). Also the low-information voters there voted in a sales tax increase from 7.25% to 7.50%. (Surprisingly, this is a regressive
tax ... proving that those assenting voters were really low-information ones.) See: Fox News Story
Contrast
with these two Democrat-pushed tax-rate increases, two Republican governors, Dave Heineman
from Nebraska
and Bobby Jindel from Louisiana, have both recently proposed that their states
eliminate their state’s income taxes altogether … see: Reuters Story.
And to better
emphasize this political-party contrast, I suggest that you visit the following
website to see how taxes are imposed on a state by state basis across our
nation … Retirement Living Story. I would love to have the time to superimpose
on this data an indication of which of these states are run by Democrats versus
by Republicans … but I believe that you can pretty much figure out these checkerboard
results for yourselves. Perhaps you
might even be able to rationalize this disparity.
AFTERWARD: I was wrong ... Patrick actually proposed last night to raise the state income tax to 6.25% (a full percentage point) and reduce the state sales tax from 6.25% to 4.5% ... spoken like a true tax-and-spend Democrat.
AFTERWARD: I was wrong ... Patrick actually proposed last night to raise the state income tax to 6.25% (a full percentage point) and reduce the state sales tax from 6.25% to 4.5% ... spoken like a true tax-and-spend Democrat.
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