On Thu, 21 Jan 2010 17:42:50 -0800 (PST), Jack
wrote:
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.
let's see..democratic president....democratic congress....
yeah. thanks for supporting what i said
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
interesting that you post this reference. because it shows how
REGRESSIVE the tax system really is, especially towards the middle
class.
in 2006, under the GOP, someone making 7500 paid a tax rate of 15%.
someone making 30K paid 25%, an increase of 65%. someone making $350K
paid 35%, an increase over the 30K guy of about 40%.
BUT that's really irrelevant. the RICH paid 15% because most of THEIR
income is capital gains, NOT income from work.
so, try again. the GOP keeps making the middle class pay for their
goldman sachs buddies