This is a blog about Pennsylvania!
The Washington Post has a gorgeous infographic that helps you figure out what all the various tax extension plans would mean for your bottom line. One thing that really stands out is how the “middle class” tax cuts are still primarily skewed toward very very rich people. Even under the original Obama plan, billionaires still get a large tax cut on the first $250,000 of income.
May 23, 2013 By Jon Geeting Leave a Comment
There is so much wrong in this post I can’t even, but how are you going to compare John Callahan’s ward wins in a Democratic primary in a muni year to his performance in a general election in a midterm year?
May 22, 2013 By Jon Geeting Leave a Comment
In this era of tight budgets, cities are looking for ways to grow their tax bases without asking individual households to contribute more taxes. Here’s the first place they should look. Different kinds of buildings yield different amounts of property tax revenue per acre. Many areas limit residential development to just one house per acre. [...]
May 22, 2013 By Jon Geeting Leave a Comment
In this era of tight budgets, cities are looking for ways to grow their tax bases without asking individual households to contribute more taxes. Here’s the first place they should look. Different kinds of buildings yield different amounts of property tax revenue per acre. Many areas limit residential development to just one house per acre. [...]
May 13, 2013 By Jon Geeting Leave a Comment
The point of political blogging is not that you’ll directly reach so many voters that you’ll shape opinions about elections. The point is that for every couple dozen low-information voters, there’s a *political friend* who people ask who to vote for the week before an election. The point of blogging is to shape the opinions [...]
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So let's get this straight: top earners (as they're called) get a reduction of .4-.8%, while others get from 1.6-3.4%, and you're still griping?
What about bi-partisanship? The House has a 100 seat Democrat majority, and this is what is proposed. Besides, the GOP compromised more by surrendering the estate tax debate.
If you want to argue the President has gone back on his campaign promises, then have it (and I will agree!), but since this plan was announced, and is polling oh, so very well, the hostage takers are now those who are standing in the way of its passage.
Interesting graphic. A few points:
I do find it amusing that letting me keep my more of my hard earned money is referred to as a 'cost to government.'
The 'costs' are figured using static analysis – truly a waste of time and effort, and that's before we get to the fact that 10 year projections aren't worth a hill of horse manure. People's behavior will change with changes in tax rates. For evidence, look at what happens in the months leading up to every change in the capital gains tax rate.
This represents a very incomplete picture. Currency deflation and state/county/local tax increases are walloping everyone, and makes a taxpayer's net position much worse than what is reflected here.
Jon, it's obvious that Obama is pulling a Clinton and diving for the middle. If I were you I'd find a true Progressive Liberal candidate (Bernie Sanders?) and get a primary battle going.
Charlie, I don't care about percentages. Look where most of the dollar amounts are going.
Banker, the policy that Republicans passed called for the cuts to end in 10 years. This is a new tax cut from the budgetary standpoint. And it's paid for by borrowing money from China. We're no longer talking about "your" money. Bush already spent your money.
Jon, I agreed with you about a year ago that Bush was a lousy domestic policy President and couldn't control spending at all. So please stop with the whining about Bush – you're right, move on. (hah! good one there by me, and it was unintentional!)
Obama, Pelosi and Reid are worse.