{"id":13496,"date":"2010-09-15T05:51:45","date_gmt":"2010-09-15T10:51:45","guid":{"rendered":"http:\/\/www.shotinthedark.info\/wp\/?p=13496"},"modified":"2010-09-15T05:37:21","modified_gmt":"2010-09-15T10:37:21","slug":"the-dayton-dust-bowl-broke-and-broker","status":"publish","type":"post","link":"http:\/\/www.shotinthedark.info\/wp\/?p=13496","title":{"rendered":"The Dayton Dust Bowl: Even Scapegoats Have Limits"},"content":{"rendered":"

Dayton Says<\/strong>: “Taxing the Rich” will raise four billion dollars.<\/p>\n

\"\"<\/p>\n

The MN Department of Revenue<\/strong> says<\/a>:<\/p>\n

This proposal adds a new top bracket at a rate of 10.95% starting in tax year 2011. The 10.95% bracket is set at $150,000 for married joint filers, $75,000 for married separate filers, and $130,000 for single and head of household filers. The new bracket is not adjusted yearly for inflation although the bottom brackets are adjusted for inflation in keeping with current law. The tax year impact is as follows:<\/p><\/blockquote>\n

And the end result, according to the MNDoR<\/em>?<\/p>\n

Tax Year Impact<\/p>\n

______ ($000s)_______<\/p>\n

TY 2011 $752,800<\/p>\n

TY 2012 $813,600<\/p>\n

TY 2013 $879,100<\/p><\/blockquote>\n

In other words, cranking the tax on “the rich” to a confiscatory 8 to 11% (actually 10.95, but let’s be honest here…) brings in less than half of what the Dayton budget “plan” says it will.<\/p>\n

But even that is over triple the tax hike that the completely DFL-dominated Legislature could pass at the height of Obamamania.<\/p>\n

Mark Dayton’s budget is DOA. \u00a0Electing him – or “Mini-Mark”, Tom Hornery , whose plan is marginally less profligate and, at this point, vastly less-vetted by the in-the-bag media – would be colossal wastes of time.<\/p>\n

\n

\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Dayton Says: “Taxing the Rich” will raise four billion dollars. The MN Department of Revenue says: This proposal adds a new top bracket at a rate of 10.95% starting in tax year 2011. The 10.95% bracket is set at $150,000 for married joint filers, $75,000 for married separate filers, and $130,000 for single and head […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60,117],"tags":[],"class_list":["post-13496","post","type-post","status-publish","format-standard","hentry","category-campaign-10","category-dayton-dustbowl"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/13496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13496"}],"version-history":[{"count":8,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/13496\/revisions"}],"predecessor-version":[{"id":13499,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/13496\/revisions\/13499"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13496"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}