NEW: Do the math: 55% taxes loom for $300K-plus earners in California
Nov. 25
By Chris Reed
Matt Miller, a quirky and interesting writer-thinker for a lefty think tank (the Center for American Progress), has a warning for Gov. Jerry Brown. Writing in the Washington Post, Miller does the math and concludes that Proposition 30, combined with other factors, is going to take a heavy, European-style toll on California’s wealthy:
[W]hile Prop 30’s passage saves schools from devastating cuts for the time being, Brown has planted the seeds of future trouble. Follow the numbers: let’s say federal tax rates on top earners go back to 39.6 percent from 35 percent. Add in Obamacare’s new 3.8 percent tax on investment income and new 1 percent higher Medicare payroll tax on the same folks. Then toss in new top state rates of 11.3 to 13.3 percent (up from 9.3 and 10.3), and presto! Marginal tax rates for self-employed people in California earning $300,000 and up (who pick up both “sides” of the payroll tax on a chunk of their earnings) could reach 55 percent or more.
Read the whole thing here. Miller’s larger point — that taxes need to go up to pay for the government the public says it wants, but that tax hikes on the rich alone can’t generate nearly the money that Brown and President Obama contend — may not be one that libertarians or conservatives will like. But it has a defensible sanity to it.
Unlike, yunno, The New York Times’ economist/columnist/lunatic Paul Krugman, who wouldn’t mind a 91 percent tax on the rich. Really. Victor Davis Hanson nicely details Krugman’s derangement here.
2012-11-25 14:41:26
Source: http://www.calwatchdog.com/2012/11/25/do-the-math-55-taxes-loom-for-300k-plus-earners-in-california/
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Whistler Blowers, Insiders
Not legally, California, contribute to the only effort that can legally stop it, while you still can….
Secession Bad Idea??: Unless you want to give a trillion+ a year in benefit-funds to the enemy to build warships with until they use them against you when you default, as they did in WWII, it’s the only idea!!!
WITH ENOUGH “PETITION VOTES” TO RECALL ANY GOVERNOR IN THE COUNTRY (OR ANY LESSER OFFICES), ALREADY; AMERICANS ARE DEMANDING THAT “NO TRILLION+ FOREIGN DEBT$” (IN INTEREST ALONE) BE PAID TO FOREIGN AGENCIES (BUYING ARMAMENT TO POTENTIALLY BE USED AGAINST US IN THE FUTURE), UNTIL THE DEFICIT AND DYSFUNCTION ELIMINATING UNIFICATION SCIENCE UPGRADES ARE IMPLEMENTED…WE, LIKEWISE, DEMAND THAT NO ALREADY-PREMIUM-PAID-BENEFITS BE “CUT” (STOLEN) AND NO “NEW TAXES” BE RAISED, UNTIL THESE LEGALLY-REQUIRED-UPGRADES ARE IMPLEMENTED. WE’RE ALSO DEMANDING THAT OUR JURIES BE RESTORED OR UPGRADED TO PROPER FUNCTION AND RESERVE THE RIGHT TO REFUSE THE TAXES PAID FOR THESE SERVICES, UNTIL THEY ARE PROVIDED (as Georgia’s reported to have done prior to 1787)…..providing the crime and debt eliminating services (the peace restoration of proper jury trial function) to our communities that all taxes are paid to accomplish (ensuring stolen properties are returned, as possible, and those victimizing our peoples are punished: including the PAYMENT OF THE $10,000,000+ PROVEN-DUE AND DEFAULTED UPON IN RECENT “PHARMACEUTICALS CASES”, using our copyrights to collect-billion$: Monies that would have already provided 10,000+ new jobs per state, stolen since the default date to allow these illegal-occupations of government offices and the preventable-thefts of trillions). As any government employee who is not actively engaged in these endeavors has proven themselves to not be “of a mind and ability to rightly-perform the duties of the office” (which would have them removed from office for fraudulent-application, impeached, and no longer on the payroll, generating debt, if proper jury function were not being obstructed to prevent such debt and crime producing occupations and amass such deficits), it is self-evidently-innate that these “Secession Petitions” entail their immediate recall and that “special elections” be order to fill their vacancies with those who are of such a mind and ability to properly perform the duties of the office (as legal-application requires: with or without Recall Elections, as needed, for those who have not thusly applied fraudulently)….It is a participation in this theft of a trillion+ U.S. Dollars to even-fail to sign this “Petition for Redress” (much less hold government office without ordering these Emergency Measures, immediately), WE, THEREFORE, INVITE ALL AMERICANS TO JOIN IN THE EFFORT, SIGN AND CONTRIBUTE TO THESE “ENEMY-FUNDING-PREVENTION” EFFORTS….THE ONLY PETITION EVEN THE “DEPARTMENT OF HOMELAND SECURITY” IS REPORTED TO SUPPORT…BLESS OUR SUPPORTERS (THE SUPPORTERS AND DEFENDERS OF THE UNITED STATES CONSTITUTION), THEY’RE REPROVABLY “ONE AND THE SAME”…
EVERY ELECTION: IT’S SUCCESS (SUCCESSION) OR SECEDE (SECESSION), THE TIME HAS COME TO CHOOSE “REAL SUCCESS” (JURY TRIAL PROOFS, EVERYTIME) AND SECEDE FROM THE ILLEGAL-SUCCESSION!!! {{Pictures of Me Can Be Seen At http://www.Myspace.com/LovedocUSA }} SIGN THE ONLY SECESSION PETITION IT’S A CRIME NOT TO SIGN, TODAY!!!!!!
All those “taking office” before any presented/pending jury trials have
concluded are opposing the Constitution of the United States (properly
functioning jury trials, since Article 18 of the 1776 Declaration), and
only those opposing these efforts (secessors from the
illegal-secession/illegal-succession) legally-qualify for succession to the
office…. as reprovably-certain as “4+4=8″ (before any lab or jury)..the
only possibility to “Real Success” (Economic Recovery). All else produces
3X+ the crime/debt (called “Tripling Down” into Civil War)!!!
“Tax Hikes” are “Constitution Opposing Double Jeopardy and Convictionless
Involuntary Servitude and Slavery” (without the Unification Science
Upgrades that GUARANTEE to eliminate the lootings and mismanagement within
our Trust and Growth Funds that’s been PROVEN to have created the deficits)
and “Cuts” are THEFTS OF ALREADY PAID PREMIUMS AND BENEFITS (since the last reprovable/science-based legislation, the 1948 Standard Insurance
Provisions, Titles 22 in most states, passed by the then-48 states to
prevent the Civil War crime/debt expansion
produces/produced-before-WWI-&WWII)….Unification Science Upgrades are the
Only Solution…..Don’t Be Deceived, This Time…
REPASS THE STILL-DUE 1776 DECLARATION OF INDEPENDENCE: IT’S STILL THE ONLY LEGAL-SECESSION {www.Repass1776Declaration.Blogspot.com} AND A CRIME TO FAIL TO SUPPORT AND DEFEND!!! (In Fact, Opposition To This 1st
Consitution’s The Reason For The Bogus-Elections and the Deficit)..BE SURE
and Tell All Your Friends To Sign The Only Legal Secession Petition,
Today!!! at http://wh.gov/XqED ADD YOUR NAME TO THE “FOUNDING FATHERS
LIST”, NOW (From The “Repass the STILL-DUE 1776 Declaration of
Independence” Campaign)!!! All else is prinicpalship to the theft of a
trillion+ a year in U.S. Dollars (that’s “arming our enemies”)!!! VOTE AND
CONTRIBUTE TO THE ONLY REAL ELIMINATION OF THE DEFICIT, LOWERING OF CRIME RATES, AND PLATINUM STANARDIZING OF THE U.S. DOLLAR!!! (THE REST IS 3X+ CRIME AND DEBT EXPANSION)..
RCCFM: Always(c):
Dr. Eric
Who’s Who In America Physician (Ph.D. & Public Health)
http://www.Repass1776Delcaration.Blogspot.com
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