Steaming Load #2: Mexifornia Marxists emulates Messiah Barry with a Draconian tax on achievers.
For now, this proposed ballot initiative is still in the signature gathering phase, but, when it’s passed in 2009 - a certainty in the Marxist-dominated, parasite infested blight Mexifornia has become - it would literally impoverish achievers. How? You’ll be thrilled:
- In addition to federal taxes and a tax rate of 10.3% on top earners, a 17.5% surtax would be imposed on total income whenever it exceeds $250,000.
- If your total income exceeds $500,000, an ADDITIONAL, 17.5% surtax would be imposed, bringing the total surtax percentage to 35%.
- If you die, or try to leave Mexifornia, a 36.8 % tax will be assessed. It would nail anyone whose recognized income and unrealized assets (real estate equity, etc) exceeds $5 million.
- Mexifornia achievers who stay in the state will be nailed by a ‘one-time’ (what a crock) 55% seizure of their assets in excess of $20 million.
The stinkiest turd floating in the bowl is this: the Marxists, who are patting themselves on the back for ramming a Melanin-Enriched presidential candidate down our throats, are the same ones who are trying to ENSLAVE America to unrelenting Marxism.