Quote:
Originally posted by Superbelt
I'll tell you my personal experience with Bush's tax cut.
I make 29,500 a year. I am a renter. I am getting 1.78 a week back in my federal taxes because of bush's tax cut. I am paying an extra 2.75 in local taxes now that came about several months after Bush's tax cut. That extra tax is a direct response to the choke on money Bush put on states.
I have no children, I have no stocks.
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Gee that sucks. As a renter with no stocks,no kids, while I was in school making 15k a year being supported by my wife who made 34k we got back the full 600 from the first tax cut as well as have seen an improvement in our checks (don't recall amount). Maybe the problem is you can't see much of a tax cut when you don't pay very much in Federal taxes eh?
http://www.foxnews.com/story/0,2933,107341,00.html
Quote:
He said 60 percent of Americans got a tax cut of $304 from Bush -- revising a statement in an earlier debate that 60 percent saved $325.
Those cuts appear to be in the ballpark when it comes to the poorest 60 percent of Americans -- many of whom pay little federal income tax to begin with.
But the independent Tax Policy Center has calculated much larger tax cuts for middle income earners -- $1,012, for example, for someone making $40,000 to $50,000. Even people making $20,000 to $30,000 saved $638 on average, the center found.
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Any fair tax cut gives more money to the 'rich' because the 'rich' are the ones paying the fucking taxes.