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Congrats! Californians May Pay Highest Tax Rate

From a joyous Sacramento Bee:

High-income Californians may pay nation’s highest tax rate

December 5, 2012

Thanks to passage of Proposition 30 last month, high-income Californians would pay the nation’s highest marginal income tax rates — nearly 52 percent — if President Barack Obama and Congress fail to make a deal to avoid the so-called "fiscal cliff," according to a new study…

Gerald Prante, an economics professor at Lynchburg College in Virginia, and Austin John, a Lynchburg economics student, calculated marginal tax rates — the highest rates on the highest levels of income — for all 50 states. They combined state, federal and, where applicable, local income taxes, plus payroll taxes for Social Security and Medicare and included the deductibility of some taxes.

Proposition 30 added three percentage points to the marginal state income tax rate for California’s highest-income taxpayers, bringing it to 13.3 percent. That action raised California over other high-tax jurisdictions to a marginal rate of 51.9 percent, slightly higher than New York City’s level…

Hey, they voted for it. In fact, so did we all, when we re-elected Obama. And Democrats always give the people what they want, ‘good and hard.’

By the way, if we are to believe the polls (and we’re now told we have to), it’s what everyone wants. Or rather, most people want to make ‘the rich’ pay even more in taxes.

From the Associated Press:

Poll shows support for raising taxes on the rich

By ALAN FRAM and JENNIFER AGIESTA | December 6, 2012

WASHINGTON (AP) — Americans prefer letting tax cuts expire for the country’s top earners, as President Barack Obama insists, while support has declined for cutting government services to curb budget deficits, an Associated Press-GfK poll shows. Fewer than half the Republicans polled favor continuing the Bush-era tax cuts for the wealthy.

There’s also a reluctance to trim Social Security, Medicare or defense programs, three of the biggest drivers of federal spending, the survey released Wednesday found. The results could strengthen Obama’s hand in his fiscal cliff duel with Republicans, in which he wants to raise taxes on the rich and cut spending by less than the GOP wants…

Which is exactly why this poll was taken.

In fact, for old times sake we should point out that this AP poll oversampled Democrats by 10%. (Dem/Ind/GOP = 33/27/23%.) Which is even higher than the 6% November election advantage for Democrats. (38 to 32%.)

Which is how the AP got the results they and their bosses in the administration wanted.

In the poll, 48 percent said tax cuts should expire in January on earnings over $250,000 but continue for lower incomes. An additional 32 percent said the tax cuts should continue for everybody, which has been the view of Republican lawmakers who say raising taxes on the wealthy would squelch their ability to create jobs. Thirteen percent said the tax cuts dating back to 2001 and 2003 should end for all

The new poll found that, by 46 percent to 30 percent, more favor cutting government services to raising taxes to tackle budget deficits

Yet support for trimming government services has dropped in AP-GfK polls. It was 56 percent last February and 62 percent in March 2011…

Probably because of the billion dollars Obama spent in propagandizing against any spending cuts. As well as the untold billions the news media spends.

This article was posted by Steve on Thursday, December 6th, 2012. Comments are currently closed.

One Response to “Congrats! Californians May Pay Highest Tax Rate”

  1. Mithrandir says:

    Watch the “TAX BRACKET SLIDE.” –a game in which you get the population to “yes” then you slide it on down to everyone. Every used car salesman knows how to get the customer to “yes” then slowly add on the pain.

    ~The top 1% can pay more….
    ~The top 2% can pay more….
    ~The top 10% can pay more…
    ~Anyone making a million dollars can pay more…
    ~People making upper 6 figures can pay more…
    ~People making $250,000 can pay more….
    ~People with savings accounts can pay more….

    As Obamacare FAILS, the gov’t will be more and more aggressive in stealing money to cover up their incompetence.
    “We have to make tax increases retroactive, to save health care!”
    “We have to confiscate property and wealth, you don’t want people to die do you?”

    It’s the old communist looting and pilfering of the churches to give to their supporters, the GOLD FOR BREAD campaign. It will be the same here, “HEALTHCARE IS TOO BIG TO FAIL!!” —it’s exactly what they said about the TITANIC

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