Click here for an easy and free way to help feed the hungry at The Hunger Site! Non-profit ad by Voyager
VoyForums

[ VoyUser Login optional ] [ Main index ] [ Post a new message ] [ Search | Check update time | Archives: 1, [2], 3, 4, 5, 6, 7, 8, 9, 10 ]

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Date Posted: Thursday, February 17, 05:22:07am
Author: Dave Zitzkat
Subject: My New Tax Proposal
In reply to: Dave Zitzkat 's message, "Another Report -Tax increases on those making $50k" on Thursday, February 17, 04:47:02am

I propose a new tax on Democrats. Call it a low IQ tax. Because Democrats cost the rest of us money, we should tax them to make up for it.






>Connecticut Budget: Malloy starts with tax increases,
>where are the cuts?
>Posted by Steve M on February 14, 2011 at 7:49 pm
>
>I’m serious. I’m waiting to hear about these supposed
>$2 billion in cuts. Total spending by the state of
>Connecticut has increased from $13.4 billion in 2001
>to an estimated $26.1 billion dollars in 2011. That’s
>almost doubling the state budget in 10 years.
>Connecticut did not ride the TEA Party conservative
>wave, and we may just pay for it big-time.
>
>Today, news broke from the capital that “there will be
>pain” with talks of an increase in the income tax for
>those earning more than $50,000 and couples earning
>$100,000. That’s a tax increase on the middle class
>and retroactive to Jan. 1. The tax increases do not
>end there. We’re talking HUGE across the board
>increases in taxes. The middle class and everyone else
>will also have to fork out additional tax dollars for
>cigarettes, gasoline, alcohol and almost everything
>you buy since Gov. Dannel Malloy’s (D) plan will
>include on a hike to the sales tax.
>
>The governor and state legislature are going to have a
>damn tough time explaining this graph. The actual
>spending in 2009 was $21.33 billion, and it is
>estimated we spent $23.6 billion in 2010. The damn
>state – even in a period of recession - increased
>their spending by more than 10.6 percent in one year.
>(Chart from USGovernmentSpending.com) My pay increase
>the past three years has totaled less than 1.1
>percent. How did you do?
>
>Even if Malloy does somehow cut $2 billion, that would
>only return state spending to 2009 levels. Heck, we’d
>still be spending more than we spent in 2009!
>
>
>
>The Hartford Courant has more.
>
>In one of the largest tax increases in Connecticut
>history, taxes on income, cigarettes, alcohol,
>gasoline, and estates would all increase under Gov.
>Dannel P. Malloy’s budget proposal to be unveiled
>Wednesday.
>Great way to start. Maybe Gov. John Rowland was right
>today when he said this budget is dead on arrival, but
>with a Democrat legislature and a Democrat executive,
>I’m willing to bet they will try.
>
>For middle-class homeowners, one of the biggest
>changes would be the elimination of the $500 property
>tax credit that Democratic legislators have supported
>through the years. In addition, the sales tax
>exemption for clothing and shoes under $50 would be
>repealed – meaning those items would now be taxable
>for the first time in many years. The property tax
>credit and the loss of the clothing exemption amount
>to a combined tax increase of $500 million per year.
>Thousands and thousands of families who buy reasonably
>priced clothing for their family will get screwed. I
>can’t remember paying sales tax on any clothes I’ve
>ever purchased. If you have a couple of kids who grow
>like weeds and you shop at Target for clothes, you’re
>toast.
>
>Taxes will increase on virtually all taxable items.
>The gasoline tax would rise by 3 cents per gallon,
>while the cigarette tax would increase by 40 cents per
>pack to $3.40. All alcohol taxes would increase, which
>Malloy says would amount to pennies on a six-pack of
>beer.
>
>Overall, Malloy is proposing more than 50 different
>tax changes in a package that would increase taxes by
>$1.5 billion in the first year and $1.34 billion in
>the second year.
>
>Various sales tax exemptions would also be repealed –
>meaning that the state’s sales tax would now be
>charged on haircuts, manicures, pedicures, yoga, car
>washes, yacht repairs, limousine rides, airport valet
>parking services, cosmetic surgery, pet grooming
>services and non-prescription drugs. All of those
>items had avoided the sales tax through lobbying
>efforts and inaction by the state legislature.
>
>The sales tax would rise statewide to 6.25 percent, up
>from the current 6 percent, on all taxable items. In
>addition, cities and towns would be eligible to
>receive an estimated total of $24 million statewide
>from an additional .10 percent – meaning that the
>sales tax on some items in retail stores could be 6.35
>percent.
>Read the full Courant article for even more hits
>including eliminating the property tax credit. Don’t
>worry though, he’s proposing taking money from the
>middle and upper classes and handing earned income tax
>credits to the poor.
>
>Fantastic. So, the governor’s budget is supposed to
>come to life on Wednesday. We’ll see if he actually
>cuts anything. Remember the total spending in past
>years… How much of the spending increases were
>“required” by employee and union contracts? That stuff
>is never negotiable.
>
>
>
>In January, Malloy supposedly told lawmakers he was
>going to rely primarily on budget cuts to make up the
>budget gap, and he’s refused to borrow from the bond
>market to pay day-to-day expenses and salaries for
>state employees.
>
>If you’re wondering what it would look like with a
>Democrat in the Governor’s Mansion and Democrats
>running the state legislature, I think we’re about to
>find out in the coming weeks.
>
>Where are the

[ Next Thread | Previous Thread | Next Message | Previous Message ]

Replies:

  • Stupid -- Alesia, Friday, February 18, 06:49:40am
    Forum timezone: GMT-5
    VF Version: 2.94, ConfDB:
    Before posting please read our privacy policy.
    VoyForums(tm) is a Free Service from Voyager Info-Systems.
    Copyright © 1998-2012 Voyager Info-Systems. All Rights Reserved.