Posted on 05/10/2010 1:18:00 PM PDT by Son House
Democrats who run the Legislature are proposing new income taxes for the wealthiest Minnesotans to help erase a $2.9 billion deficit.
The proposal cleared the Senate Taxes Committee on a 9-4 vote on Monday on its way to floor votes in both chambers later in the day. It's part of a broader deficit fix that includes spending cuts and delayed state aid payments for public schools.
The tax plan re-ignites a familiar debate between anti-tax Republicans and Democrats who say the state needs new sources of revenue.
It would establish a new 9.15 percent tax tier to raise more than $400 million through mid-2011. Married couples would pay that rate on adjusted taxable income topping $200,000.
Republicans say the proposal is destined for a veto.
This should work out as well as it did in New York!!
Oh...
Wait...
Gee, and how many top earners does MN plan on taxing next year? Funny thing about incomes, they can be modified for tax purposes. Just ask any big earner in Europe, the pay scale is lowered by the perks are raised. Remember this is how we came to have health insurance provided by employers. Bad decision with bad results.
But why is it so hard for them to understand???
Why doesn’t the message ever get under their bonnets???
Democrats?... (Eddie Murphy laugh)...
Don't kid yourself...the government wants ALL your money. They take theirs and we can keep the change.
And Montgomery County, Maryland:
Raise their taxes, and they will move.
Your Minnesota State Legislature.
Doing the Impossible* since 1932.
(*making Wisconsin look business-friendly by comparison)
Hey all you rich Minnesotans, come on down to Florida where we don’t have an income tax.
You can visit Minnesota any time ya care to.
Just encourage them to leave I guess.
I’ve got an idea. All the taxpayers should flee to Mexico and all those in Mexico that want to come in, can. (smile).
and they will bend over and say “thank you sir, may I have another?” How else do explain Franken, the wrestler, and that creature klobuchar?
Come on down to Missouri. You can shoot your gun, buy the really big fireworks, hunt, fish and enjoy life at a low cost of living. Plus we speak English...
Spend as little as possible.
Earn as little as necessary.
And you can bet that the deniers will talk about the “cuts” of 2003 and further claim that Minnesota’s quality of life isn’t what it used to be because the state doesn’t spend enough money. Check the facts. Over the past five budget cycles, state spending has grown by the following amounts:
2000-2001: 13%
2002-2003: 15.4%
2004-2005: 7.3%
2006-2007: 8.4%
2008-2009: 13.6%
Where are those “cuts” again?
http://www.mmb.state.mn.us/doc/budget/report-spend/nov08.pdf
http://www.mmb.state.mn.us/doc/budget/report-pie/general-nov08.pdf
http://www.house.leg.state.mn.us/fiscal/files/06edcuts.pdf
“I think it’s simplistic and naive to say people can spend their money better than the government…The notion that everybody can individually spend their money better than government I, I just think is trite, wrongheaded and anti-democratic.” ( March 8, 2008 State Senator Larry Pogemiller -DumbForLife party at the Brian Coyle Center in South Minneapolis)
Because most of them have been milk-fed by Keynesian, Marxist government workers, professors and think tanks.
They do not understand the concept of business, how producing a good or service is income; deduction operating expenses (taxes, insurance, salaries, rent) and if you are positive, you made money (unless you are paid via distributions)...
The Government continues to tax in a business model that does not have to be solvent.
Liberals think there is a money tree. We know better.
Lew Latto on the radio here this morning said the dems also are floating the idea of a special real-estate tax of something like 23% to close the deficit. Don’t know where he got that. Haven’t seen it anywhere else.
Or we accept cash only. I see no need to work harder to feed the state.
I recall hearing that the Dumb F#(%ers League was researching just how they could do this about a year ago. It was supposed to be a real estate tax based on income. They may decide to base it on net worth, for all I know. It fell into the memory hole quickly.
I have uber-liberal DFL relatives in the Twin cities. They are, respectively, an MD and an APRN. They vote based on what they “know in my gut is right”. They absolutely detest anyone who is *rich*. They, of course, are just “middle-class”. They are quick to point out that they live in St Paul and in an average neighborhood. They are totally embarrassed to have rural, conservative relatives.
I have lost any empathy for these people. They vote for this ideology, so it is only fair that they have to suffer for it. They would likely agree.
Lets see ... let the federal tax cuts expire, re-institute the estate tax, raise federal taxes on the rich, add a Social Security surcharge on the rich, add a penalty for “Cadillac” health plans, raise the state income tax on the rich - YEAH, THATS THE TICKET TO ECONOMIC RECOVERY !!!
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