When I want to watch trash on TV, folks who are nasty, do nothings, I watch the “Kartrashians”. Making millions by showing their bodies, having vile language for being drunk.
Now, Kim, the lady who reportedly made $17 million from a 72 day “marriage” is being used by the Occupier Gang and their supporters for an effort to raise taxes on the rich.
Here are the facts: “A single CA taxpayer with no kids making $60,000 pays 5.0% of his income in CA income taxes, assuming just a standard deduction. If they made $80K, then they’d pay 6.1%. If they made $100K, they’d pay 6.8%, much less than the 9.3% tax the liberals claim the middle class pays.
But look at the family picture — a married couple with two minor kids (the folks targeted by the liberals’ publicity campaign, no doubt). If they make $60K with no extra deductions, they pay only 0.8% of it in income tax.
Yes, that’s correct. 0.8%. $498.
If the couple makes $80K? 2.1%.
$100K? 3.3%.”
Hopefully in a few years “Kartrashian” will be the naswer to the Jeopardy question, “name the no talent family that earned tens of millions from lazy Americans who dream of riches from their couches?”
by Richard Rider, open salon, 12/29/11
In a new publicity campaign, liberals have decided to make the beautiful but smarmy Kim Kardashian their poster child for raising the state millionaires’ tax to over 15%. Their pitch is that millionaires pay only 1% more in income taxes than middle class CA taxpayers.
Granted, the MARGINAL tax bracket difference is sometimes 1% — 10.3% marginal rate over $1 million vs. the 9.3% marginal rate the upper middle class pays.
But in terms of percent of taxes paid, the spread is FAR larger. Sadly, given the fiscal innumeracy of the press, this left wing misrepresentation probably will be well received.
Below is a good WALL ST JOURNAL editorial on the topic. But even they missed the tax math involved. I didn’t. I cranked out the figures, taking into consideration the standard deduction and personal tax credits.
Here (in modified form) is what I posted as a comment under the article.
What a load of liberal hooey! The progressives’ claim that in California state income tax paid by the rich is “just 1% more” than the middle class (10.3% rich vs. 9.3% middle class) is utter nonsense.
A single CA taxpayer with no kids making $60,000 pays 5.0% of his income in CA income taxes, assuming just a standard deduction. If they made $80K, then they’d pay 6.1%. If they made $100K, they’d pay 6.8%, much less than the 9.3% tax the liberals claim the middle class pays.
But look at the family picture — a married couple with two minor kids (the folks targeted by the liberals’ publicity campaign, no doubt). If they make $60K with no extra deductions, they pay only 0.8% of it in income tax.
Yes, that’s correct. 0.8%. $498.
If the couple makes $80K? 2.1%.
