Is Amendment 87 A “Clever Scam” to Turn Taxing the Rich Into Taxing Everyone?

By Jon Caldara | Commentary, The Denver Gazette

GAWD, I hate the rich.

The top hats. The monocles. The dinner jackets. The way they twirl their mustaches while evicting orphans.

Before we drag them into the public square, though, we should probably define “rich.”

Amendment 87, the temporary “graduated” income tax, defines rich as earning $500,000 a year.

And yes, it is temporary. Unlike the federal income tax brackets, 87’s brackets aren’t indexed for inflation, meaning over time all of us will creep into the new top 8.4% tax rate.

Clever scam. Con Coloradans who aren’t good at math that they’re getting a tax cut and then let inflation do the mugging.

Sell a tax increase on working families as a tax cut. You can almost hear the maniacal laughter.

But back to punishing the rich — those trophy-wife-collecting, umbrella-drink-swilling bastards.

READ THE FULL ARTICLE AT THE DENVER GAZETTE

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