Zounds, according to yesterday's front page of the SL Tribune, the University of Utah is creating grand illusions again. About 19 years ago we became a nationwide joke on late night TV as a result of the U of U's claimed discovery of cold fusion. The mainstream scientific community said that Utah's cold fusion "research was surely an illusion."
The most recent grand illusion was announced Thursday when a U of U tax study reportedly said, "Contrary to conventional wisdom, Utah's flat tax system will be somewhat more progressive than the old sliding scale bracketed income tax." Now that is indeed another grand Utah illusion. For the first time since basic math was invented, a regressive flat tax system engineered by the GOP majority, which was created by dropping the old top bracketed rate of 6.8 percent to a flat 5 percent, has somehow morphed into a more progress tax.
No wonder Senate President John Valentine said "he was met with a lot of skepticism when he tried to explain the progressive nature of the change."
4 comments:
Republican’s tax and lie again. They'll lower taxes all right.. Then they just jack up fees.. Then they pump up their chest and strut around like peacocks, tell everyone they lowered taxes..
We'll fees are taxes.
Rob Paul to Pay Peter.
Take from the poor to give to the rich, that's what Republicans do best..
Whatever.
Merry Christmas Rob!
Bridge
Every Democrat in the House and Senate voted for the new tax plan, so what's your beef?
Republicans lead, Democrats bitch. Same ol story.
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