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Posts tagged: taxes

… the less noticed was that Obama declared a tax increase for federal workers. Now, it wasn’t called a “tax increase”; it’s called a “freeze.” But if you think for 30 seconds, a freeze on pay for a federal workers is fiscally identical to a tax increase for federal workers. And when you extend it for five years, as he said later, that means a decrease, because of population growth, inflation and so on. So he basically declared an increase in taxes for federal workers at the same time that there’s a tax decrease for the very rich.
Noam Chomsky, February 17, 2011, Democracy Now! (via revolutionwillbetumblrized)