STEVE BANNON PUSHING FOR 44 PERCENT MARGINAL TAX RATE ON THE VERY RICH Steve Bannon is pushing for a new 44 percent top marginal tax rate for taxpayers earning more than $5 million a year! The the revenue would pay for tax cuts for the middle class. This seems utterly at odds with Trump̵[...]
Posts Tagged ‘tax reform’
April 26th, 2016 - 10:40 pm § in Misc.
Tax The Middle Class
David Brewster Ross Douthat puts his finger on the critical issue in Bernie’s programs: high tax increases on the middle class. The media rarely mention this, but it is political dynamite for the delicate Democratic coalition of donor-class, social liberals, ethnics, and the middle class. Dout[...]
April 8th, 2015 - 1:07 am § in Misc.
How Much of UW Tuition Goes to Admin?
“the total number of full-time faculty members … grew from 11,614 to 12,019 between 1975 and 2008, the total number of administrators grew from 3,800 to 12,183 — a 221 percent increase” While recently we have read a lot about the efforts of the state legislature to cap and redu[...]
Reuven Carlyle: A Thought Filled Analysis of Education in WASTATE
Rethinking Public School Funding: Back To A New Future. The Washington State Constitution crafted in 1889 includes these mighty words in Article IV, section 1: “It is the paramount duty of the state to make ample provision for the education of all children residing within its borders, without [...]
February 8th, 2015 - 1:08 pm § in Misc.
WASTATE: Republican Welfare
Republican Counties Are the State’s Real Welfare Queens Welfare State – Washington’s Republican counties depend on Western Washington’s money. How can they survive the state budget cuts they demand? -… thestranger.com[...]
November 11th, 2014 - 11:57 am § in Schools & Colleges, The Ave Scene
Is Washington Joining the Confederacy?
According to the Washington Post we are one of the 29 states where tax collections have yet to return to their pre-recession heights. Put another way, we look a lot like South Carolina or Alabama! We also, along with the former Confederacy, rank near the bottom in our support not only for K-12[...]
February 13th, 2013 - 2:58 am § in The Ave Scene
Who pays the MOST taxes in our state?
WA POOR PAY SIX TIMES AS MUCH AS WA RICH! A new report on state tax systems found that Washington state had the most regressive tax system in the country. The Washington D.C.-based Institute on Taxation and Economic Policy (ITEP) released the report yesterday. Combining state and local property ta[...]
December 29th, 2012 - 11:42 am § in Misc.
BREAKING NEWS: FRENCH TAX ON 1% UNCONSTITUTIONAL!
Top French court overturns 75 percent tax rate for rich France’s highest legal body, the Constitutional Council, announced on Saturday it was overturning the Socialist government’s flagship 75 percent income tax rate for high earners, marking an embarassing setback for President François Hollan[...]
How Federal Income Tax Works
This post expands on a comment I made to another post. The federal income tax is confusing to many people. Like everything else, it’s easier to grasp if you know the basic principles. The general idea is to tax income, but only once. First, you have to define “income,” then specify[...]