Many falsely claim that “trickle down economics” (the idea being to lower taxes – or at least not raise them – on the rich or businesses so that these rich folk/companies will then prosper, spend money, create jobs, etc) doesn’t work.
Yeah, uh-huh.
Maryland couldn’t balance its budget last year, so the state tried to close the shortfall by fleecing the wealthy. Politicians in Annapolis created a millionaire tax bracket, raising the top marginal income-tax rate to 6.25%. And because cities such as Baltimore and Bethesda also impose income taxes, the state-local tax rate can go as high as 9.45%. Governor Martin O’Malley, a dedicated class warrior, declared that these richest 0.3% of filers were “willing and able to pay their fair share.” The Baltimore Sun predicted the rich would “grin and bear it.”
One year later, nobody’s grinning. One-third of the millionaires have disappeared from Maryland tax rolls. In 2008 roughly 3,000 million-dollar income tax returns were filed by the end of April. This year there were 2,000, which the state comptroller’s office concedes is a “substantial decline.” On those missing returns, the government collects 6.25% of nothing. Instead of the state coffers gaining the extra $106 million the politicians predicted, millionaires paid $100 million less in taxes than they did last year — even at higher rates.
Let The Strike begin.
10 Responses to “Economics 101”
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Same thing is going on in New York City Millionaires are leaving in droves
some are even going to Asia to live…Jim Rodgers for instance
Dubyah let things get out of hand which of course brought in the knuckleheads that think social engineering via the tax code is the answer
it goes round and round
pick a side if it makes you happy but it is bull shit to do so
[…] these working families will now pay Mr. O’Malley’s “fair share.” Original Story HERE found via The Unwanted Blog Next up will be a story about that other big tax loophole where companies “pass on” tax increases […]
Far as I am concerned you are preaching to the choir on this. This happens every time socialist leftards drive up taxes, and always will.
So, lets us move onto something absolutely and totally unconnected to the topic of this post(insert Shameless Thread Hyjack here). From what I have deciphered in my short time here is that you are THE go to guy when it comes to models. At least, scale model kits, don’t know if you got Heidi and Tyra hanging out on the patio drinking mojheetos and rubbing tanning lotion on each other(and that is the subject for an entirely different Shameless Thread Hyjack), but you certainly are on the front side of the model information curve. So to speak.
My question, finally, is can you give me some leads on where to find military equipment models. Not the common Wal-mart variety. Field Artillery, cargo movers, miscellaneous equipment found with FA and Armored Infantry units, mostly America, NATO. I’ve given up on finding Soviet/Warsaw Bloc pieces long ago.
Can you throw a brother a bone?!?! It’ll help the economy!
> where to find military equipment models.
Have you tried squadron.com?
That’s okay. Just wait until The Messiah brings it to the rest of the country. Those he’s trying to fleece will leave the country (they can afford to). After that he’ll proclaim amnesty to 12 million illegals (to strengthen the Dem vote) and drive this country into a 3rd world hell. I can hardly wait.
Seems more likely that there were a bunch of people who made a million dollars in finance or real estate in 2007, and then lost their jobs, their savings, or both in 2008. You can call that a “strike” if you want, but it seems like a bit of a stretch from here.
> a bunch of people who made a million dollars in finance or real estate in 2007, and then lost their jobs, their savings, or both in 2008.
Oh, of that there is no doubt. Thus making the idea of taxing the rich in order to make up budget shortfalls even *more* blisteringly stupid.
Thanks for the link! They got all kinda nice stuff.
Oh, and on topic, 38% drop in tax revenue. Hahahahahahahahahahahahahaha!!!!!!!!!! F-ing moron leftards, once again massively illustrating Quinn’s 1st Law, in spades.
Along those lines, didja see this:
http://americandigest.org/mt-archives/5minute_arguments/checklist_for_t.php#009739
> didja see this
Sadly, that looks about right.
🙁