Thursday, July 16, 2009

Study: House Democrats’ Health Care Bill Pushes Top Tax Rates to Over 50% in Most States

ABC News reports:
A study by the non-partisan Tax Foundation finds that the 5.4% surtax on top wage-earners proposed by House Democrats to help fund health care reform would push top tax rates over 50% in 39 states.

"That means government would be taking more than half of every additional dollar from high-income taxpayers,” said Tax Foundation President Scott Hodge. “The lowest top tax rate would be about 47% --and that's in the nine states that don't tax wages."
Modern day slavery, the state owns a majority of certain people's income.