Pawlenty proposes three-tier income tax system - Yahoo! News
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In a speech expected to be heavy on specifics, Pawlenty was ready to propose a three-tier income tax system:
• The estimated 45 percent of U.S. households that did not pay income taxes in 2010 would see no change in their tax rates.
• Individuals would pay 10 percent tax on the first $50,000 of income. Couples earning $100,000 would also pay that rate.
• "Everything above that would be taxed at 25 percent," Pawlenty said.
He also wanted to cut business taxes, reducing the current rate from 35 percent to 15 percent.
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Why do ****ing idiots keep thinking that cutting taxes to businesses are going to "create more jobs!!"? The definition of insanity is doing the same things over and over expecting different results. I guess the GOP isn't even remotely trying to hide who they represent these days.
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"I think it's ironic that he's talking about a fiscal plan for the entire country when he left his state a mess," Gov. Mark Dayton said in an interview. "He decided he was going to leave and left it to his successor. They knew they were going to kick this down the road."
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Irony indeed.