{"id":22071,"date":"2014-03-02T16:48:09","date_gmt":"2014-03-02T21:48:09","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=22071"},"modified":"2014-03-02T16:48:11","modified_gmt":"2014-03-02T21:48:11","slug":"tax-policies-have-consequences","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=22071","title":{"rendered":"Tax Policies Have Consequences"},"content":{"rendered":"

Today’s New York Post<\/a> posted an article about the impact of Mayor<\/a> de Blasio’s proposed tax policies.<\/p>\n

The article reports:<\/p>\n

Taking a page out of Barack Obama<\/a>\u2019s playbook, de Blasio casts his push for a tax hike on those earning over $500,000 as a moral imperative.<\/strong><\/p>\n

\u201cI believe it\u2019s time to ask the wealthy to do a little more,\u201d he said last year. He paints taxes as a matter of giving back, as though the money was taken from others.<\/strong><\/p>\n

The article also reports New Yorkers’ response to this idea:<\/p>\n

One friend says 10 wealthy people have told him they are leaving and another says disgusted New Yorkers bought $1 billion in residential property in Florida<\/a> since the November election. The Sunshine State<\/a> confers an automatic tax cut<\/a> of about 12 percent because it has no city or state income tax<\/a>, nor does it have an inheritance tax<\/a>.<\/strong><\/p>\n

Below is the Laffer Curve<\/a>. It represents the fact that there is a point where you raise taxes to the point that revenue decreases. There are many reasons for this–people find ways to shield their money from taxes, people relocate to places with lower taxes, and people make a decision to earn less so that they will be taxes less. At any rate, there is a tipping point. It remains to be seen if New York City<\/a> has reached it.<\/p>\n

\"English:<\/a>

English: The standard Laffer Curve (Photo credit: Wikipedia)<\/p><\/div>\n

\"Enhanced<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Today’s New York Post posted an article about the impact of Mayor de Blasio’s proposed tax policies. The article reports: Taking a page out of Barack Obama\u2019s playbook, de Blasio casts his push for a tax hike on those earning … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[97,140,3596,125,657,7206,1419,1947],"class_list":["post-22071","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-barack-obama","tag-florida","tag-laffer-curve","tag-new-york-city","tag-new-york-post","tag-state-income-tax","tag-tax-cut","tag-tax-rate"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/22071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22071"}],"version-history":[{"count":2,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/22071\/revisions"}],"predecessor-version":[{"id":22111,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/22071\/revisions\/22111"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}