Quote:
Originally posted by Kadath
Here is where he said it:
http://www.whitehouse.gov/news/reports/taxplan.html
The very bottom of the page, the appendix. He's cutting out the top bracket, so you pay the same marginal rate(well, less, actually) if you make 137,000/152,000/166,500 (depending on filing status) or 300,000. Great if you make a lot of money. True, you get a break in the other brackets too -- except you don't. Hey, thanks for shifting that first friggin' bracket to half the poverty level! That's useful! No break for what used to be the first bracket, and split the difference on the next two brackets, so the 27K-65K group get a three percent cut and the 65K-137K get a 6 percent cut -- as does the top bracket.
THAT'S "not taxing the rich", my friend. You lose, I win -- try again.
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thats not "not taxing the rich" that is just a bigger tax break for people who make more cause right now they pay more % wise then people with lesser incomes. Its called evening things out.
And as for Kerry's plan of increasing the tax on the rich and lowering for the middle class you would be worse off then you were now that your low income tax braket are paying even less and the high tax bracket are avoiding taxes by being smart. therefore not decreasing the deficit. trickle down economics people.
Socialism at its best, stealing from the rich to give to the poor.