How the Democrats want to help you
I’ve lived in North Carolina almost my entire life, and during that time, the legislature and governor’s office have nearly always been controlled by Democrats. Now we all know that Democrats are for “the working people”, right?
So how the dickens do Democrats explain this:
As North Carolina’s spending has increased over the past 30 years, the tax burden has shifted steadily toward personal income earners.
In the early 1970s, the total amount of state income taxes paid by people was three times what corporations paid in income taxes. Now people pay eight times as much.
Or perhaps they can explain this:
Easley and the Senate say the state needs to cut income taxes for the wealthiest Tar Heels, including many small-business owners, to strengthen the economy.
They propose to drop the top personal income tax rate from 8.25 percent to 7.75 percent over the next two years for individuals who earn more than $120,000 a year in taxable income and couples who make more than $200,000. That would return the top rate to its level before 2001, when lawmakers raised it temporarily during a budget crunch.
OK, as someone who has had small business owners in the family, I can understand repealing a temporary tax increase (which should have never happened in the first place).
But would you care to have a go at this one:
They do not propose to reduce the personal income tax rates for the 99 percent of taxpayers in lower brackets.I guess that those of us who just work for a living don’t deserve to keep as much of our money as the wealthy, right? I mean, we aren’t out there creating jobs, we’re just paying mortgages and day care bills, putting food on the table and clothes on the bodies and those sorts of trivial pursuits.