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Taxation & Estate Planning

: Start Making Sense

McCain explains his tax position

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McCain keeps saying, so far as I can make any sense of it, that asking higher-income people to pay more tax than others is "socialist." Thus, he appears to be advocating a uniform head tax as the only alternative to "socialism," though needless to say he declines to make this explicit.

But what about the fact that, in the past, he has said that higher-income people should pay more and has criticized the Bush tax cuts as overly skewed to the rich? Luckily, he got to explain it all on Meet the Press, where Tom Brokaw pressed him on the contradiction between his present and past remarks.

Take it away, John, you silver-tongued devil:

?That's what -- listen, even the flat tax people somewhat pay more. Even -- you put into different, different categories of wealthier people paying, paying higher taxes into different brackets. I mean, and the, and these are different times, my friend. These are times of the biggest financial crisis we've faced in America.?

Wow. When is Palin going to start briefing him on the issues?

Full post as published by Start Making Sense on October 26, 2008 (boomark / email).

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