Tuesday, September 14, 2010

Tax cuts for the rich. What cuts?

Just a short comment on how the Democrats and the main stream media are confusing tax cuts with tax increases. Regardless of whether you agree to extend the current tax rates for one or more group of taxpayers, can we get the language correct?

We've been paying taxes based on the same tax rate table for seven years now. Allowing taxes to remain the same for those earning more than $250,000 is not a tax cut.

By allowing taxes to revert back to the 2003 tax table for those making more than $250,000 is a tax increase. If they remain the same, then that is neither an increase or a decrease.

Repeat after me: When your tax bill goes up, that's an increase. When your tax bill remains the same, then it's no change. When your bill goes down, that's a cut.

If you think we're dumb enough out here not to know the difference, you'd better start paying attention. This class warfare stoked by liberals is getting old.

Remember: Nov. 2 is take-out-the-trash day.

No comments: