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Democrats Stifle Capitalism

Discussion in 'Political Debate & Discussion' started by InTheLight, Mar 12, 2014.

  1. InTheLight

    InTheLight Well-Known Member
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    I'm sure the thread title comes as a shock to most people on BB--NOT!!

    If you define capitalism as the ownership of companies engaged in buying and selling goods and services for profit and then distributing those profits to owners (shareholders) then states controlled by Democrats tax dividend income at the highest levels in the U.S.
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    Personal dividend taxes are highest in blue states

    By and large, states led by Democrats levy the highest taxes on personal dividends income. Of the 10 states that tax personal income at the highest rates, eight are traditionally blue states, while two — Iowa and Wisconsin — belong in the purple category.

    California’s top marginal tax rate on personal dividends income is the highest in the country, 33 percent. Hawaii, Oregon, New York, Minnesota, New Jersey, Maryland and the District of Columbia all have a top marginal tax rate of more than 30 percent on dividends income.

    http://www.washingtonpost.com/blogs...al-dividend-taxes-are-highest-in-blue-states/

    (map at link)
     
  2. kyredneck

    kyredneck Well-Known Member
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    Heheh, I was gonna say wow gosh shucky darn whoda thunk?
     
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