Ballmer, Bezos Fund Effort To Undermine Bill Gates

theodp writes "You know what they say — it takes money to avoid paying money. TechFlash reports that Microsoft CEO Steve Ballmer and Amazon.com CEO Jeff Bezos have contributed $100,000 each to an effort to defeat an income tax on individuals in Washington state making more than $200,000. The backers of Initiative 1098, which is set for the November ballot, include Bill Gates (Sr.), who has emerged as one of the most vocal proponents of the income tax. Under the proposal, which has drawn the ire of the Bezos and Ballmer-backed Defeat 1098, no tax would be due on the first $200K of income, 5% tax would be owed on income between $200K and $500K, and everything above $500K would be subject to a 9% tax (cutoffs are doubled for joint returns)."

Comments

Whither 9%?

[dazedNconfuzed]

Who will do more to stimulate the economy with that 9%? Balmer or the Obama?

Re:Seattle COL

[hondo77]

They are not people whose throats ought to be slashed by the government simply because they can't control their spending habits.

If you think a 5% tax on income over $200,000 is equivalent to getting your throat slashed, I suggest that you need to get out and get some perspective lest you become even more of a whiny, insufferable twit.