How many job creators should we force out of Delaware?
Jun 1st, 2009 by David Anderson
Guest Post from Joe Isuzu –wink (A wink is as good as nudge to a blind bat.)
Maryland had a very successful experiment with a millionaire income tax surcharge. It changed state revenues by an 100 million dollars. Did I say that it lost 100 million dollars when 1000 or 1/3 of the millionaires moved? Oh, well I considered it a success because the more you tax something the less you tend to get of it. I love the proposals to do same in Delaware. I fully support them. Let’s set a goal for our state and follow suit. The more the state taxes fall, the more likely we will have smaller and more efficient government. We need to punish the job creators to teach them that they aren’t the bosses of us. They need to sacrifice or leave.
John Kowalko and several others have it all planned out. The Republican minority could block it, but they understand the value of a good tax increase so let’s make it temporary for 3 years. Maybe we won’t make them leave, we will just play chicken with the train. Let’s show the rich that both parties are willing to give it to them.
I am so happy that we can follow NY, NJ, and MD. I am proud that we are finally going to stand up to the rich guys making over 60K. Well, that’s how we will get the rich to stay. We will tell them misery enjoys company and punish the middle class too.
I am especially overjoyed that while we talk about these tax increases, we will put reform of our state financial mismanagement system on the back burner and throw the equivalent of the tax increase out into the back dumpster. We don’t need to make any reforms. We need to transfer more wealth to government to save our economy.
Thank you all. I am Joe Isuzu, and I wrote this article.
Here is a Baltimore Sun quote from one of the selfish millionaires. It shows the bad attitude of some of these greedy types. Good riddance, I say.
The implication from one of the people you quoted is that people in my position would never ‘move’ for a 1 or 1.5% tax difference [the millionaire bracket for the income tax]. Are you kidding me? I grew up poor. A $32,000 tax difference is VERY real, even for someone in my position. That’s how much we saved in 2008, filing in Virginia and not in Maryland (besides the millionaires tax, base rates are lower here). The bottom line is that Maryland… lost more than $150,000 in [total] annual income taxes from my family alone that would not have been lost if it were not for the O’Malley administration’s confiscatory extra tax grab.
Best argument ever for a Federal surcharge on millionaires.
Perhaps a limit of $100,000 per year for state employees might be a better way to balance the budget. How many political hacks are leeching off of the taxpayers?
This might be a better idea than cutting the salaries of the state workers who do real jobs.
Wow….Is it going to rain?? I actually agree with Art
“I am Joe Isuzu”
David, you show how old you are with that quote
I was just a little baby when that came out.
….er has it actually been established that these people moved? I have been following this story since it began on Joe Albero’s blog all the way to the WSJ and now the link you provide….where does it say that the 1,000 moved? Did they sell their houses or simply switch main residences from the many homes they undoubtably own?
From this link, I gather it might show a trend of where the multi-housed elite chose to FILE. And if MD’s staffers are any good, they can still collect what MD wants from these individuals who simply adjusted and amended a primary residence clause.
Delaware has a score of famous examples of individuals living in Sussex with jobs in NCC that mandate their residence in-county…and or whom are state reps/senators living out of their district while ‘clausing’ a primary residence that isn’t where they really live.
I say that these former MDers only cited a MD residence for the lower taxes at the time. This is a joke and it should be a joke on these shell gamers. Good lawyering may resolve this in the end.
By the way, every time one of my posts gets published on a Delaware blog I have to thank the blog administrators –ever since Delaware Liberal has been holding my comments in a permenant pergatory…
so bless you for respecting free speech here on Delaware Politics.
We value your input, Nancy. Please keep commenting.
I agree with noman.
We have a tradition in this country of evading taxes, and there is nothing wrong with that if it is legal to do so, except for the need for the wealthier among us to give back to the community at times of great financial distress, like now.
Wealthier folks like to think that their long hours of smart, hard work is what got them their success. It is all about them. Well often there is truth to that, eliminating those who have inherited their wealth. Whoever, they neglect to credit the context in which they rose to stardom, the tax breaks and other incentives, the loyal customer base, etc. Therefore, when times get tough, they should not so readily move from MD to VA, or wherever.
Maximize the profits! Too often that seems to be their only credo. So there goes GM, now with their hands out to the government to keep them going, quickly forgotten I predict, should they survive profitably. Will the outrageous bonuses and executive salaries be restored? Hopefully, we’ll soon see!
There is a great difference between evading taxes (a crime) and avoiding them. The difference may be a bit too subtle for some.
The famed Laffer Curve still has merit and there are limits to taxation. The highest rates to not result in the highest revenues. JFK figured that out when he was president and we had our first cut in marginal tax rates since Hoover began to raise them during the Depression.
The problems with high taxes is that they encourage the growth of bureacracy. This might provide a more patronage and the growth of a client class but what does it do for the economy and individual liberty?
Socialist losers (that may be a redundancy) can be expected to disagree.
“I am proud that we are finally going to stand up to the rich guys making over 60K.”
like plumbers, electricains, nurses, all the guys and gals that used to have jobs making cars….
The United States now faces an unprecidented level of competition, both for raw materials necessary for production, and for customers for our products in the world market- customers who will naturally put a high premium on price.
China and Russia are not particularly interested in making international ‘friends’…China intends to sell finished products to the world, and Russia will supply raw materials and energy to Europe and China. And lets not forget about the UAE becoming a world banking center, and the ever-increasing poductivity of India and Southeast Asia. The world is moving on, while we debate gay marriage and raise taxes.
Anoni you may have scanned this too quickly, it is categorized satire.