57% Tax Rate for Wealthiest New Yorkers

[mikesilvia]

The America that I knew is slowly being destroyed. First, it is not even a year yet and Obama has shattered the record for largest deficit ever. Now he will raise that deficit further while raising the taxes on small business owners to the tune of 57%.

Congressional plans to fund a massive health-care overhaul could have a job-killing effect on New York, creating a tax rate of nearly 60 percent for the state's top earners and possibly pressuring small-business owners to shed workers.

New York's top income bracket could reach as high as 57 percent -- rates not seen in three decades -- to pay for the massive health coverage proposed by House Democrats this week.

[OnePimpTiger]

Paying over half of what you make in taxes...how can that possibly sound "fair" to anyone?

[Chuck-17]

Paying over half of what you make in taxes...how can that possibly sound "fair" to anyone?

It is always "fair" unless you are the one who has to pay for the taxes.


This is just stupid. No one should have to pay over half of their income to the government.