Citing recent research by tax expert Martin Sullivan, Mr. Conrad said a resident of a typical Park Avenue building in New York – with average household income of $1.1 million – is paying taxes at an effective rate of about 15%. But the rate for janitors in the building hovers closer to 25%, Mr. Conrad said. “I don’t know how anybody can defend or justify that kind of tax burden,” Mr. Conrad from a puny little North Dakota state saidHis one Congressional district gets a 68% federal tax bonus from this style of corruption, perpetuated by Senators of large states. He is a brave Senator.
Wednesday, March 9, 2011
Sen. Conrad says Democrates are a pushover for wealthy tax brakes.
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