Southeast PA General Discussion - NJ/DE/MD welcome too!
02-19-2008, 03:42 PM
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Lehigh Valley Scions
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Location: Lehigh Valley, PA
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I was watching a focus group of Democrats who watched the debate the other day in Vegas. For the most part, all of them bashed Bush over and over again on how he is out for his millionaire friends and the big oil companies and he has totally forgotten or disregarded the little guy. Being an ex-IRS employee, I decided to look back on the tax tables to see if there is any truth to what they said and the media keeps stating as fact, "Bush is only out for the rich in this country."
Based on using the actual tax tables, 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.
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 Bill Clinton was the greatest President ever. If any Democrat 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 some 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.
Based on using the actual tax tables, 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.
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 Bill Clinton was the greatest President ever. If any Democrat 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 some 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.
02-19-2008, 03:56 PM
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Originally Posted by TorchedPerfection86
Originally Posted by YourNameHere
just delete that garbage.
02-19-2008, 03:58 PM
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Lehigh Valley Scions
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Join Date: Jan 2007
Location: Lehigh Valley, PA
Posts: 7,031
Originally Posted by YourNameHere
Originally Posted by TorchedPerfection86
Originally Posted by YourNameHere
just delete that garbage.
