Wednesday, February 6, 2008

Tax Cuts for the Rich only?

If you listen to the liberals in Washington D.C. and the two liberal candidates running on the Democrat party side, you'll hear how they will repeal the Bush tax cuts to the rich. The liberals have held both houses of Congress for a year now and they have not repealed those cuts. But then they haven't done anything else either other than blow alot of hot air.

Now that we're in the election season, the Democrats are down to their final two liberals vying for their party's nomination and both of them also say they'll roll back the Bush tax cuts.

So what are these tax cuts for the rich that they're talking about? Let's look at a comparison between the Clinton years and the Bush years.

Taxes under Clinton 1999 Taxes under Bush 2008

Single making 30K - Tax $8,400 Tax-$4,500
Single making 50K - Tax $14,000 Tax-$12,500
Single making 75K - Tax $23,250 Tax-$18,750

Married making 60K Tax-$16,800 Tax -$9,000
Married making 75K Tax-$21,000 Tax-$18,750
Married making 125K Tax-38,750 Tax-$31,250

The source for the above is

Have you seen this in the media? I haven't.

At each level of income listed above, the taxes under Bush are nearly half what they were during Clinton. So where is the logic behind the liberals comments of rolling back the Bush tax cuts?

By doing so, they are hurting the everyday American family and the everyday American worker. This tells me that Clinton and Obama are both lying. They are going to raise your taxes. If you're still uncertain, let me help you. You should have just recently received your W-2 forms for last year. Find your income level on the chart above and see if you're falling into one of the categories above.


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