Saturday, February 23, 2008

Tax Cuts

Subject: Taxes under Clinton 1999 & Taxes under Bush 2008

Hi Group......facts speak for themselves.....

While watching a focus group of Democrats who reviewed the recent debate 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. 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 (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 (2nd line)
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.