Extend 100% of the tax cuts for those making less than $250K; 75% for those making between $250K and $500K; 50% for those making between $500K and $750K; and 25% for those making between $750K and $1 million; and 0% for those making more than a cool mil per year.
Then let the congressional tax-cut hard-liners explain why they think millionaires shouldn't pay taxes (and, bear in mind that we're not talking about people who've managed to amass a million dollars over time at a lower annual rate, just those who'll pull in another million this year).
Besides, the money that the top tier will spend trying to find ways around paying their share of taxes will (if their pet trickle-down theory is to be believed) trickle down to many thousands of accountants who will then, in turn stimulate the economy by buying new ledger books, pencils, green eyeshades, adding machines, etc.
From now on, anyone arguing in favor of extending the tax cuts for those making more than $250,000 must disclose whether they personally make $250,000 or more; and, if they're arguing against extending the tax cuts and make more than $250,000, they should probably have their heads examined...
Oil Company to Turn Disaster Into Disastrous Flick
LOS ANGELES (AFA NewsWire) In the effort to stem both the flow of its oil gushing into the Gulf of Mexico and the tide of bad publicity surrounding it, BP has hired Hollywood star Kevin Costner to aid with damage control.
Costner, whose company invented a device that separates oil from seawater, has been offering his clean-up services since the crisis began.
A BP spokesman acknowledged, however, that the company's true motive in hiring the Academy Award-winner is to have him direct and star in a movie — tentatively titled Waterwhirled — about the Gulf spill that they feel confident will be so overblown, ponderous, overly-long and hard to follow that everyone will forget all about any oil-soaked pelicans.
"It's the perfect solution," says BP spokesman Mark Evally, "Nobody likes disasters, but everyone likes disaster movies," adding, "Even bad ones. Plus, we'll save a bundle on special effects."
Evally would neither confirm or deny that Bruce Willis had also been signed on to the project.