Tax Rascal

Today in the Taxosphere

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Mr. Donald Trump, famous for announcing the line “You’re FIRED” on the popular NBC show The Apprentice, was interviewed today by Neil Cuvato from the Fox News Network. Mr. Trump announced that he doesn’t approve of the proposed New York Assembly Democrats’ Millionaire Tax, which will bring millions of dollars to the hemorrhaging MTA.

Under the plan, people who earn over $1 million in New York state will pay an income tax surcharge of about 3/4 of 1 percent for five years. In all, it would raise over $5 billion for mass transit.

Mayor Bloomberg and Mr. Trump would contribute to the transportation funds as will athletes and high-paying corporate executives. Donald Trump says that most individuals, including … Read more...


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