News today that yet another of President Barack Obama’s nominees doesn’t quite seem to know how taxes work. Former Dallas Mayor Ron Kirk failed to pay approximately $10,000 in taxes. Oh by the way, he’s nominated to be our United States trade representative. Hopefully the post includes a week long orientation on basic mathematics, business practices and the income tax law and structure of our country so that he can better represent it abroad.
So while the democratically controlled House, Senate & White house ram through a $787 Billion dollar stimulus plan they are apparently not the party planning on paying for it.
The annual salary of each senator, as of 2008, is $174,00 (Senate Salaries), surprisingly below the $250,000 starting point that now apparently defines the rich in America. It should not surprising to learn, even for our congressional compatriots, that the majority of households in the $250,000 range are sole proprietorships, small businesses and the like. In other words, the vast majority of job producing, income tax generating businesses in this nation.
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