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Thread: Taxes Taxes and More Taxes
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February 29th, 2008, 07:18 PM #1
Taxes Taxes and More Taxes
Based on using the actual tax tables!
Based on using the actual tax tables (see link below), here are some examples on what the taxes were/are on various amounts of income for both singles and married couples. So let's see if the Bush tax cuts only helped the rich.
http://www.taxfoundation.org/publications/show/151.html
Taxes under Clinton 1999----------- Taxes under Bush 2008
Single making 30K - tax $8,400.........Single making 30K - tax $4,500
Single making 50K - tax $14,000........Single making 50K - tax $12,500
Single making 75K - tax $23,250........Single making 75K - tax $18,750
Married making 60K - tax $16,800.......Married making 60K- tax $9,000
Married making 75K - tax $21,000.......Married making 75K - tax $18,750
Married making 125K - tax $38,750.....Married making 125K - tax $31,250
If you want to know just how effective the mainstream media is, it is amazing how many people that fall into the categories above think Bush is screwing them and that Bill Clinton was the greatest president ever. If any Democrat candidate is elected, ALL of them say they will repeal the Bush tax cuts and a good portion of the people that fall into the categories above can't wait for it to happen! This is like the movie "The Sting" with Paul Newman - you scam somebody out of money and they don't even know what happened. Now this is effective (maybe not honest) marketing or maybe a better word is brain washing.
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WE LIVE IN THE LAND OF THE FREE, ONLY BECAUSE OF THE BRAVELast edited by larrymeyer; February 29th, 2008 at 11:38 PM.
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February 29th, 2008, 09:11 PM #2Junior Member
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Re: Taxes Taxes and More Taxes
Personally, I've seen little if any tax-relief under Bush. What I save in Federal taxes has been eaten up by increased state and local (property and income) taxes - the federal tax savings in my income bracket are meager and largely represent reduced transfers to state and local governments who have more than made up for the shortfall.
As far as I'm concerned, Bush is the absolute worst excuse for a President that this county has ever seen. I'm neither Democrat nor Republican and have little good to say about either party, but this administration is an abomination - how any true-blooded American can support the policies of this administration in good conscience is beyond me. And if you voted for him the second time around, shame on you for being a fool twice.
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