Why Does Obama Hate Gulf Residents?

January 4th, 2011at 11:42am Posted by Eli

This just seems gratuitously mean-spirited:

Tax experts said Monday that since the Deepwater Horizon oil spill was not classified as a disaster, BP claims might be taxed at the highest rate.

Disaster tax rules do not apply, so tax experts said they are warning people, especially those who received compensation from BP, to be prepared for the tax that they need to pay in the coming weeks.

CPA Ted Stacey said, “If you were paid for lost wages or income, that’s going to be ordinary income that is taxed at the highest rate you pay. It could be as high as 35 percent for federal or 5 percent state.”

If the Deepwater Horizon wasn’t a disaster, then what the hell is???  Does the toxic waste from the spill have to spawn a giant fire-breathing lizard that starts stomping on cities?

Entry Filed under: Environment,Obama,Taxes,Wankers


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