Saturday, July 31, 2010

Kerry's Ironic Tax Evasion

As Democrats in Congress scheme to raise taxes on hard-working Americans by letting the Bush tax cuts of 2001 and 2003 to quietly expire, it's interesting to note just how the Democrats think of the money they will steal from the workers.

In a recent long-winded editorial explaining how at least the tax cuts on those workers with wages in the top two earning bands should not be extended, Alan Blinder, a former member of Bill Clinton's Council of Economic Destroyers, wrote this:

"Let the upper-income tax cuts expire at year end. That would save the government an estimated $75 million over the next two years."

Save the government?

You see, the tax and tax some more Democrats think all wages (capital gains, dividend income, etc.) are their money. Their paradigm is that all wages are their money and any money the wage earners keep is some kind of gift from the government. Gifts avoided is money saved!

Blinder's little peek into the mindset of liberals is especially funny as his editorial in the Wall Street Journal appeared in the same week Sen. John F. Kerry was exposed for trying to evade Massaschusetts state sales tax and excise tax by registering his new $7 million yacht in Rhode Island. After being exposed for his attempted tax evasion and after the Massachusetts Department of Revenue opened an investigation for tax evasion, Sen. Kerry announced he would remit about $500,000 in applicable taxes to the Commonwealth of Massachusetts for the yacht.

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