Quote:
Originally Posted by justplugit
Here are a few #s found on Tax Foundation.org--- income tax rates history since 1908, a nonpartisan educational organization.
Taxes under Clinton 1999-------------------------Taxes under Bush 2008
single making 30K tax -$8400*****************single making 30K-tax$4500
single making 50K tax-$14,000*************single making 50k-tax-$12,500
single making 75K tax-$23,250*************single making 75K-tax-$18,750
married 60K tax-$16,800*****************married 60K tax-$9000
married 75K tax-$21,000*****************married 75K tax-$18,750
married 125 K tax-$38,750****************married 125 K tax-$31,250
Why would anybody, except the politicians, want to roll back the Bush tax cuts?
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And to make up for the lower fed taxes, whats happened at the state and local level. Why have all fees risen so drastically. My property taxes have been doubled, and even with the local taxes doubled, why do schools now need to charge fees for taking the bus.
Interesting looking at the doc on that site. Had you chosen a single income of 32,600,
it was taxed at 28% in 99 =9128, 25% now=8150.
You can play with numbers however you want to get the result you want. Unless you look at ALL the taxes you are paying State,fed,sales,gas,property taxes etc and compare the dollar amount for each year to what you earned that year, you can't really see anything meaningful.
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