On Jan 21, 8:23*pm, bpuharic wrote:
On Thu, 21 Jan 2010 19:21:58 -0500, Bruce wrote:
bpuharic wrote:
On Wed, 20 Jan 2010 19:56:18 -0500, *wrote:

when's the last time the MIDDLE CLASS got a 50% tax cut?

If they invested, they would see the same results. Do you understand
that it wasn't a 50% tax cut?

actually you're correct. it was greater than 50%

the middle class got screwed even more.t hanks for pointing that out

How is the middle class not subject to the same taxes?

because our tax rate stayed the same

the rich got a HUGE tax break as their incomes skyrocketed

Bzzt.. wrong.

1993 saw a huge new tax on the wealthy with two new brackets at the
top. After that, starting in 2000, *everyone's* tax rates dropped by
3%, from top to bottom, except for a new lower tax bracket that was
created in 2002 that reduced the rate from 15% to 10%, a reduction of
5%. That means that everyone got the *same* reduction except the
lower earners, who got a *bigger* reduction.

The one bracket that didn't change in rate was the 15%... but many did
fall out of that bracket to 10%, so that's not really no change, is
it? Many in the 15% bracket got a bigger relief than everyone else.
So your statement is false.

The plans moving forward is to leave everyone's tax rates alone...
except for those top two rates, who rebound back up to 1993 rates.
That should make you happy. Or not.

http://www.moneychimp.com/features/tax_brackets.htm