It’s time for another Tea Party
Today is April 15, 2008.
Today is tax day.
All tax returns or extentions must be completed and mailed by midnight tonight.
I did mine last night. They took about two hours out of my life.
Last night I also received the following from a friend in an email. After reading it I went to the website listed and found it to be true so I wanted everyone who reads my blog to know the facts. All three of you.
After a focus group of democrats watched the democratic 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. So an ex-IRS employee, 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.
www.taxfoundation.org
Taxes under the thumb of the Clintonistas 1999
Single making 30K – tax $8,400
Single making 50K – tax $14,000
Single making 75K – tax $23,250 S
Married making 60K – tax $16,800
Married making 75K – tax $21,000
Married making 125K – tax $38,750
Taxes under President Bush 2007
Single making 30K – tax $4,100
Single making 50K – tax $8,900
Single making 75K – tax $15,150
Married making 60K – tax $8,200
Married making 75K – tax $11,600
Married making 125K – tax $24,100
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 in 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 marketing or maybe a better word is brain washing.
Hmmm . . .I wonder what the company tax rates are. And why do married people pay less tax or do you mean combined incomes? Tax cuts here led to huge consumer spending which drove up our interest rates. I’d rather see budget surpluses spent on health and infrastructure frankly. I think the ‘helping the rich’ scenario is because no matter what you earn over $125K in the US, the tax rate remains static (same here) and believe me there are plenty of six figure salaries! But you’re right, don’t believe all you read in the papers!
Thats amazing – I did have the idea that Bush had increased taxes on the middle lower classes and given the super rich huge cuts…
Well are you actually better off under bush? ie are your everyday costs the same as they were in the 90′s? You pay less tax under Bush but has this actaully made you more financially secure?
Maybe if Bush had never invaded Iraq, everyone would think he was a great guy…
Aw geez! How do I explain the US tax system? Take the most confusing and convoluted thing you can think of and make it ten times as confusing and convoluted and there you have it! Yikes!
Technogirly, All self employed folk and companies have to submit quarterly taxes and I have no clue what their rates are. Also the percentage of tax burden is the same for someone making 125K and 1.5M. So the number rises but the percentage stays the same. I can also assure you there are more folks on the lower end of the scale that there are on the other.
Johnny Dodge. Is your nickname, “Chrysler-Plymouth”? yukyukyuk! If you were American that would be really funny.
To answer your question … Yes, until the past six months when gasoline (petrol) and food prices started skyrocketing. The past eight years have been an almost unprecidented boom. Gas prices have gone through the roof because of commodity trading and the associated greed inherant in that system and food prices because of the sham of ethanol mixed with rising gas prices.