JPJones
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Wed Aug-11-04 07:00 AM
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DU accountants - did Bush keep his campaign promise? |
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"The facts are after my plan, the wealthiest of Americans pay more taxes of the percentage of the whole than they do today. Secondly, if you're a family of four making $50,000 in Massachusetts, you get a 50% tax cut."
"Let me give you one example. A family in Allentown, Pennsylvania, I campaigned with them the other day. They make $51,000 combined income, they pay about $3500 in taxes. Under my plan, they get $1800 of tax relief."
According to the 2000 tax tables, $3500 meant a taxable income of $23,350.
A taxable income of $23,350 in 2003 was $2836. But the child deductions increased, right?
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NewJeffCT
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Wed Aug-11-04 07:11 AM
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1. It's too early for me now, but... |
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Edited on Wed Aug-11-04 07:11 AM by NewJeffCT
But, if Bush is counting purely income taxes he may be correct. The problem is that he is not counting the regressive payroll tax and any increases that state & local governments had to inflict on their citizens - how many of us have gotten progressively lower property tax bills the past few years? I'm guessing about none. This is also on top of health care costs, energy costs & college costs rising much faster than wages.
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Mon May 06th 2024, 12:56 PM
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