2.3.09

Michelle Malkin: Atlas is about to shrug

Lovely. 
Count me in for Tax Day Tea Party on April 15.

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1 comment:

  1. Eric3/3/09 09:38

    For some reason, the link you posted is broken: http://michellemalkin.com/2009/03/02/going-galt-tax-hikes-have-consequences/

    Also worth reading is the ABC News piece that Malkin is citing in this post: http://abcnews.go.com/Business/Economy/story?id=6975547&page=1

    A quote:
    "We are going to try to figure out how to make our income $249,999.00. We have to find a way out where we can make just what we need to just under the line so we can benefit from Obama's tax plan," she added. Why kill yourself working if you're going to give it all away to people who aren't working as hard?"

    Also, it's worth looking at the real dollar cost of a 1% tax increase between a $249,999 income and a $250,000 income (I would assume Obama's plan increases it more than 1%). That extra $1 in income would cost you $2500 in taxes. Even to a moderately wealthy person, $2500 is nothing to sneeze at.

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