And make it a 75% tax rate so they really feel it.

UltimateBob on November 15, 2012 at 2:27 PM

By all means. Let’s punish hardworking people who build and then sell their business and find themselves millionaires for the first time.

Let’s end the deductibility of state income taxes on your federal income tax, and stop the massive giveaway to the poorly run democratic states.
How much will the California state income tax increase alone cost us?
slickwillie2001 on November 15, 2012 at 2:57 PM

Shhhhhh. It’s amazing how little federal income tax one can pay when living in California with a few kids and paying a mortgage even when making well over $100k. I’m surprised more people don’t talk about it. Is it a little wink wink secret or do people just not understand? One of my pet peeves is when someone like Hannity starts listing his litany of taxes and adds the state and federal percents. It doesn’t work like that doofus, first you pay your state and local percent and then the federal on what is left, not the total. It’s close until you get to states with high taxes, then it really does reduce the federal liability. And the other two big deductions are mortgage, kids, and charitable giving, you can really get it down. And then another flat out child credit on top! If they get rid of that it would *really* hurt.

Sigh. That should have been a strike, not a quote. Oh well, he’s a moron, notwithstanding.

makattak on November 15, 2012 at 3:11 PM

Actually I thought it was cool to have it as a quote. It was like someone edited the audiotape and spliced the word “moron” in there.

Regardless, the words “Democrat” and “moron” can be used interchangeably.

25% tax rate on income from Subchapter S small business, and on corporations.

Kill the deduction for state and local income taxes.

Close the loopholes that allow movie studios to avoid taxes on billion-dollar movies.

$5 excise tax on movie and concert tickets, monthly cable TV bills, and smartphone data plans.

In other words, tax the hell out of the Obama voters, and cut taxes on small business.

moron

Democrat, so he won’t care about my views.

However, any Republican who wishes to vote for this with the express intention of saying “This won’t work, but elections have consequences. Enjoy the double-dip and if you want it fixed, send us a competent president”, will suffer no consequences for having voted for the tax increase from me, at least.

The people want this, apparently. Give it to them hard and fast.

Let taxes go up on everyone, and get your 10% across-the-board budget cuts.

Caiwyn on November 15, 2012 at 1:59 PM

Unfortunately the modern Democrat party “doesn’t do” budgets, at least not in the past 3 years.