Thursday, May 14, 2009

Headlines & Links 5/14/09

4Fun Tax Fact of the Day
"If the government increased the top tax rate from the current rate of 35% to 100% (yes, that’s right 100%), it would only collect an extra $400 billion this year. In other words, confiscating all the income that is currently taxed at 35% would not raise enough revenue to cover any of the annual deficits projected in the next 10 years. There is no way that tax hikes on the rich alone can pay for proposed spending in the current budget."
4Obama Considers Detaining Terror Suspects Indefinitely
Now that he has the big job, he realizes POWs are released at the end of the conflict.

4Obama announces plan to close tax loopholes
Obama complains that existing laws makes it possible to "pay lower taxes if you create a job in Bangalore, India, than if you create one in Buffalo, New York" -- so let's encourage them to send all jobs to India!

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