Easy Money

It's only Tuesday, but Iowa Dummycrat Senator Rob Boss Hogg (pictured) makes his second appearance this week on our blog.

Boss Hogg is proposing a “Branstad Rule” for Iowa's Tax System because Governor Branstad had a $52 state income tax bill for 2011.

The $52 state income tax was an anomaly, the governor’s staff said. Branstad paid $62,831 in federal income taxes in 2010 and that amount is deductible on his 2011 state tax return. Since his 2011 income is much lower, the deduction substantially reduced his state tax liability, they said.

In an effort to score political points, and hurt one person, Hogg is talking about ending the state tax break that lets Iowans deduct what they paid in federal taxes before calculating their Iowa income tax liability.

The name ROB is apropos and the scientific community is united in that fact.

Iowa Dummycrats tried ending Federal Deductibility in 2009, but individuals (even middle and lower income taxpayers)would have seen their taxes increase.

Hey Lawyerman, release your tax returns so we can see what you pay.