The Finch Formerly Known As Gold

28 December 2004

Be thankful I don't take it all

Senator Christopher S. "Kit" Bond (R-MO) calls it a "disaster tax," and has vowed to fight it.

"It" is a decision by the Internal Revenue Service to tax recipients of FEMA disaster-mitigation funds, and it's starting to hit close to home: Tulsa County residents who received an average of $50,000 to move out of designated floodplains will apparently be hit with a tax bill for those payments. And the state's Emergency Management has begun notifying counties and municipalities that the IRS is wanting its cut of tornado-shelter grants.

"The IRS," says Bond, "is an agency perpetually in search of your tax dollars, but I am stunned that they would even consider a tax on federal disaster mitigation aid."

Fair Tax, anyone?

Posted at 7:33 AM to Soonerland