Want to know what the GOP thinks of the Demcorats' "Buffett Rule", which would require those earning at least $1 million dollars a year (or more!) to pay at least a 30% tax rate so they can pay the same tax rate as their secretaries? Senate Republicans blocked debate on the measure, ensuring that it won't even come up for a vote. Thanks a lot, cloture!
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Results tagged “taxcode”
Senate Republicans Block "Buffett Rule" Debate, Protecting Fat Cats Once Again
Rich People Saw 11% Pay Raise, You Got $80 Bucks
The top 1% of earners in the United States—those who make at least $352K annually—earned 93% of the additional income created in 2010. While those folks saw an 11% increase in pay that year, the bottom 99% added just $80 to their annual income, which is barely enough for four liters of rye whiskey and a box of tissues.
Run A Museum, Live Rent-Free In Multi-Million Dollar Apts.
Looks like some of the city's museums might not be struggling as much as we thought. The Times reports that even though the Met is suggesting you pay $20 for admission, museum director Thomas P. Campbell is living in a rent free, $4 million co-op on Fifth Avenue owned by the museum. The Director of the Museum of Modern Art, Glenn D. Lowry, lives in a $6 million condo on top of the museum, and Ellen V. Futter, president of the American Museum of Natural History, lives rent free in a $5 million apartment on the East Side. Oh, and nobody pays income taxes on the properties, because they are required to live on "business premises."
Rangel Survives Another GOP Attempt To Take Him Down
Rep. Charles Rangel is the Teflon Rep! Even though he apparently knows nothing about paying his own taxes, he's keeping the chairmanship of the House Ways and Means Committee—which is involved with the country's tax code!
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