Fat Cats Fatter Than Ever:
Last night George F. Will, the lone intellectual on the right and a Washington Post writer, was caught once again in the lie that the federal government wants to tax you even after you're dead.
Will was a speaker at the CPAC harangue in Washington where C-Span captured him—does a man begin to look like the animal he most closely resembles?—whining that a man who works really hard and accumulates large rewards here in this world will be taxed upon his death even as he resides in the next.
Sorry, George, but it ain't the dead who are taxed, it's the folks who inherit those large sums of money who are, money for which they've done nothing other than to have been selected as beneficiaries by the deceased. And the sums have to be over a million dollars per individual before such a tax even takes place.
George Will and his ilk, like that other George we've so recently shed ourselves of, care little for accuracy. They've been waging a class war since the founding of the country.
And in case you are still feeling sorry for the wealthy, who undoubtedly must be suffering like the rest of us during the Great Recession, think again. Joe Conason at Salon.com reports on the findings of David Cay Johnston, who has been examining just how hard the recession has hit the 400 Americans with the highest income. You guessed it, they're still making money hand over fist, and paying lower and lower tax rates all the time.
There are vampires among us, and they're not mooning over teenage girls. (Okay, so I'm mixing my metaphors, but cats and vampires are both known to have sharp, pointy fangs.)
Last night George F. Will, the lone intellectual on the right and a Washington Post writer, was caught once again in the lie that the federal government wants to tax you even after you're dead.
Will was a speaker at the CPAC harangue in Washington where C-Span captured him—does a man begin to look like the animal he most closely resembles?—whining that a man who works really hard and accumulates large rewards here in this world will be taxed upon his death even as he resides in the next.
Sorry, George, but it ain't the dead who are taxed, it's the folks who inherit those large sums of money who are, money for which they've done nothing other than to have been selected as beneficiaries by the deceased. And the sums have to be over a million dollars per individual before such a tax even takes place.
George Will and his ilk, like that other George we've so recently shed ourselves of, care little for accuracy. They've been waging a class war since the founding of the country.
And in case you are still feeling sorry for the wealthy, who undoubtedly must be suffering like the rest of us during the Great Recession, think again. Joe Conason at Salon.com reports on the findings of David Cay Johnston, who has been examining just how hard the recession has hit the 400 Americans with the highest income. You guessed it, they're still making money hand over fist, and paying lower and lower tax rates all the time.
There are vampires among us, and they're not mooning over teenage girls. (Okay, so I'm mixing my metaphors, but cats and vampires are both known to have sharp, pointy fangs.)
Labels: Politics, The Economy
posted by Jim | 4:17 PM
2 Comments:
Tanks for citing my report for Tax.com and Tax Notes magazine on the 400 HIGHEST INCOME (not richest) TAXPAYERS, but the last name is Johnston.
Thanks for pointing out the errors. They've been corrected. Perfectly Legal is still one of my favorite books.
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