Wednesday, April 22, 2009

Let this be a Lesson for ya'

http://www.breitbart.com/article.php?id=CNG.91afc63abb93d5e6768f1eb67b4c5022.a91&show_article=1

"Govt hikes top income tax rate to 50%" in England that is. We already know that European Socialist regimes have high taxes, one needs it when half the population works to support the other half. But I digress. Originally, Chancellor Alistair Darling stated "In November [2008], I announced a new rate of income tax of 45 percent on incomes above 150,000 pounds -- the top one percent of taxpayers" however "In order to help pay for additional support for people now, I have decided that the new rate will be 50 percent and will come in from next April -- a year earlier."

This is hilarious. Not only did he originally propose raising the tax burden by 12.5%, he changed his mind and decided to raise the tax burden by 25% from 40% to 50%. The lesson one can learn is that when Politicians promise a tax increase, be prepared once you've accepted the original rationale, for justification for an even bigger raise. I know Obambi proposed raising our Federal Income Tax burden, but perhaps him and Alistair Darling, two Socialists, think alike? One might recall the greatest threat to Obambi's Candidacy for President was a guy named Joe the Plumber who questioned Obambi's Tax Policy. I think I see a correlation.

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