The third option comes with a ton of issues, the most obvious ones being it only covers some of the population, drives
wealthy taxpayers with poorer relatives out of the country, and plenty of relatives will want to or have to cut corners to refuse decent living conditions.
Not exact matches
Many married couples will see a substantial reduction, as will
wealthy taxpayers,
with the top rate dropping from 39.6 % to 33 %.
The plan also includes some vaguer proposals, including «providing tax relief for families
with child and dependent care expenses» and eliminating «targeted tax breaks that mainly benefit the
wealthiest taxpayers.»
This unjustifiably rewards high - tax states, and because deductions rise
with income (they are worth 39.6 cents per $ 1 at the top, but only 10 cents or less at the bottom), it also rewards areas
with more
wealthy taxpayers, even holding state and local tax rates constant.
Given his financial experience, Mr. Paulson had to know how deceptive his promise was in placing such emphasis on the government's stock options, the sweetener that has made so many executives fabulously
wealthy: «
taxpayers will not only own shares that should be paid back
with a reasonable return, but also will receive warrants for common shares in participating institutions,» he explained.
«
With the conceded disparate funding, compounded by the fact that
taxpayers within the poorer school districts end up subsidizing, at least in part, the tax credits granted to
taxpayers within the
wealthier districts, I find that plaintiffs have stated a viable equal protection claim,» Lynch wrote.
«Of course Ben Walsh doesn't want to do that because his donor list is replete
with wealthy developers who got millions of
taxpayer dollar benefits from when he was (SIDA's) executive director.»
But he also said last week during a meeting
with the New York Daily News that
wealthy taxpayers can only take so much «abuse» before moving.
He said that the
wealthy - or those
with the «broadest backs», as he called them - had to make a fair contribution and that trying to create a system to deal
with the «two basic - rate
taxpayers with a combined income of more than # 44,000» anomaly would be terribly complicated.
Wealthy districts that get additional funding from their
taxpayers aren't likely to want to share it
with out - of - district kids.
In addition to increasing per - pupil funding, Huberty's bill provides schools
with weighted funding for students
with dyslexia, and reduces the amount of money that local
taxpayers in
wealthier areas would pay in Recapture by $ 163 million in 2018 and $ 192 million in 2019.
Along
with 529's, vouchers and ESA's that use
taxpayer dollars for private and parochial schools, we also have another tactic to help the
wealthy with scholarship granting organizations (SGO's).
This becomes an issue in a given state or district when the wishes of
wealthy taxpayers (those who owe enough state taxes to make STO donations and get the resulting tax credit) are not aligned
with the wishes of parents.
For instead of allowing the institutions that made risky loans and failed in their fiduciary responsibilities to go under as part of capitalism's «creative destruction,» the bad actors were rescued
with government funds and rewarded
with taxpayer bailouts — socialism for the
wealthy.