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Tax Tables, I couldn't wait for you to see this:

Faster horses

Well-known member
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.

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 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.
 

fff

Well-known member
Faster horses said:
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.

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 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.

You guys just never mind being made a fool of do you? :lol:

From a link at your link:

Recently an incorrect comparison of income taxes under Presidents Clinton and Bush has been making the rounds of the internet, showing up in forwarded e-mails and on numerous blogs and message boards. (See examples here, here, here, and here.)

This message shows that income taxes under George Bush are lower than income taxes under Bill Clinton, and it relies on Tax Foundation data to make this comparison. The author used a Tax Foundation chart showing the federal individual income tax rates and brackets from 1913 to the present to calculate the income taxes paid by hypothetical married and single taxpayers at various income levels under 1999 tax law and 2008 tax law.

While the basic message of the comparison is correct (federal income taxes have indeed fallen under George Bush for groups at all points on the income spectrum), the chart created by the author of this comparison contains some mathematical errors. Furthermore, the comparisons are exaggerated by the fact that annual inflation adjustments in the tax code would have lowered tax bills in 2008 relative to 1999 under a constant nominal income amount.

The table below presents the correct amount of tax paid by each of the hypothetical taxpayers in the comparison. Note that this comparison does not take into account the Alternative Minimum Tax, and the taxpayers in these examples take the standard deduction and do not have children.

Single, income of 30,000 $3,157.50 $2,756.25
Single, income of 50,000 $7,262.50 $6,606.25
Married, income of $50,000 $5,085.00 $4,012.50
Single, income of $75,000 $14,262.50 $12,856.25
Married, income of $75,000 $9,426.50 $7,762.50
Single, income of $125,000* $29,378.50 $26,472.25
Married, income of $125,000* $23,426.50 $19,462.50

http://www.taxfoundation.org/blog/show/22958.html
 

Mike

Well-known member
Frankie wrote: While the basic message of the comparison is correct (federal income taxes have indeed fallen under George Bush

Nuff said.............................. :roll: :roll: :roll: :roll:
 
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