It is amazing how many people that fall into the categories below think Bush is screwing them and Bill Clinton was the greatest President ever. If Obama or Hillary are elected, they both say they will repeal the Bush tax cuts and a good portion of the people that fall into the categories below can't wait for it to happen. This is like the movie The Sting with Paul Newman; you scam somebody out of some money and they don't even know what happened.
Taxes under Clinton 1999
Single making 30K - tax $8,400
Single making 50K - tax $14,000
Single making 75K - tax $23,250
Married making 60K - tax $16,800
Married making 75K - tax $21,000
Married making 125K - tax $38,750
Taxes under Bush 2008
Single making 30K - tax $4,500
Single making 50K - tax $12,500
Single making 75K - tax $18,750
Married making 60K- tax $9,000
Married making 75K - tax $18,750
Married making 125K - tax $31,250
**Updated** 19May- 2pm
Thanks RV, thought these were in the initial post. Guess it helps to review after posting.
Sources:
http://www.taxfoundation.org/publications/show/151.html
1 comment:
Interesting comparison, very compelling. Do you have a source for your data?
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