It's outrageous that the United Kingdom will tax its highest earners at 50 percent. It's even more outrageous that Americans gawking at the Union-Jack Eurosocialism don't realize that the same mindset governs the United States, where the federal system masks several levels of taxation. Take California, the most populous state. The Golden State's income tax on its highest earners approaches 11 percent. Add this to the top federal rate of 35 percent and the rate paid to government closes in on the Eurosocialism of Great Britain. Furthermore, the Obama administration will raise the top tax rate to 40 percent by the end of this year. At that point, top earners in California will be paying a higher rate than what the top earners in the UK pay to their national government.
Impossible. Obama said he wouldn't raise but lower taxes. I think you've got your facts wrong.
Where we're going.
http://www.americanthinker.com/2009/04/american_imperialism_obama_sty.html
Got to love Mark Steyn. He makes the point that Democrats choose to dismiss our rights as U.S. citizens as defined by the Constitution but then extend those rights to anybody in the World outside of the United States where they think they apply. Brilliant and funny. But not really funny.
"I'm altering the deal. Pray I don't alter it any further."
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