Ravenwood - 01/15/04 06:15 AM
Virginia Governor Mark Warner is continuing his push for a Robin Hood style tax system where money is taken from "the rich" to give to "the poor", reports the Washington Post. Warner and his accomplices at the Post call the tax plan a "reform", but it amounts to seizing money (at the point of a gun) from the rich to give to the poor. Warner remarks:
"To me, it just doesn't make any sense that someone earning only $17,000 a year in Virginia should pay the same tax rate as someone earning $500,000 a year."If the Virginia tax tables are to be believed, Warner is lying. A person making $17,000 a year pays $721 in income tax, or a rate of 4.2%. A person making $500,000 a year would pay $720 on the first $17,000 of income, and 5.75% on the rest of their income. That amounts to more than $28,490, or an effective rate of 5.7%.
Warner also plans on raising cigarette taxes and the state sales tax. All this comes after he won election by making a 'no new taxes' style campaign pledge.
Category: Left-wing Conspiracy
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Ah yes, Robbing Hood.
And of course, cigarette taxes, because the "rich" obviously smoke far more than the "poor." Or at least they will, as taxes rise and tobacco is priced out of reach.
"A fine is a tax for doing bad. A tax is a fine for doing well." - Anon
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