New Details on the Backdoor Income Tax
By Andrew Dobbs
On Tuesday I posted an article on the new GOP-proposed backdoor income tax, or as they want to call it a "Uniform Business Tax" or now a "reformed francise tax." There are some new details to add.
The tax is no longer pegged at 1.25%, but rather 1.1% and it now it seems that it will only apply to the first $20,000 of income per employee per quarter. Great idea guys- now if you are a lower-class or middle class employee 100% of your income is subject to taxation, but your bosses who make more than 80 grand a year only have to pay it on that first 80 grand. Of course, it is employers and not employees who pay the tax on paper, but the major selling point is that employers can just "shift" payroll costs, i.e. cut benefits, salaries or jobs in order to make up the cost meaning that employees pay it in the end without the benefit of seeing it on their paycheck or getting to write it off of their taxes.
Flat taxes are regressive to begin with, but a flat tax that not only doesn't have an exemption for low wage earners, but in fact has a cap to benefit high wage earners makes this a scam of epic proportions. If you want an income tax, vote for an income tax, but please don't support some regressive, secretive, job-killing scheme such as this one. Republic hypocrisy has reached a new depth.
Posted by Andrew Dobbs at March 3, 2005 02:32 PM
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Dobbs,
I was appalled by your article in the January issue of Contumacy and, frankly, I don't see how you can call yourself a Democrat. Not only did you lambast the left(long an ally of the Democratic Party) for being critical of the Bush administrations policies but you even go so far as to say they have formed an alliance with terrorists. In case you haven't heard, the days of McCarthyism are over. And, despite what you might say, most on the left (myself included) do not take our marching orders from Jensen, Chomsky, Moore or any other such pop icon. I can think for myself and personally disagree w/ these icons on certain points. Although I think terrorism is a serious threat and should be countered, one would be insane to believe this constitutes a blank check for the government to do as it pleases and to silence any critics.
