"bpuharic" wrote in message
news
fOn Thu, 15 Apr 2010 23:03:54 -0400, wrote:
On Thu, 15 Apr 2010 20:11:19 -0400, bpuharic wrote:
gee. we cut taxes for the rich by 70% over the last 20 years.
We cut the tax for everyone. My taxes are about half what they were 20
years ago and we make more money.
yeah. the middle class got a tax cut of about 25 bucks.
I still have every 1040 since 1984, When I get a minute I will compile
a list of gross vs tax and let's see what it looks like.
I know I used to always say I expected to have that be about 20%. Now
it is more like 10-11%.
Anyone else want to play?
when's the last time they cut middle class tax rates by 70%?
My Federal tax rate this year was about 8%, I do not think it has ever been
that low. Most of my income these days is dividends that get a preferred
treatment as they have already been taxed. The other is a couple small
retirements and Social Security. And that was with the standard deduction.
Even with $7k of medical and dental, could not itemize. When I was in the
semi-rich catagory for income they took about 30% federally. Plus 1.5% for
medicare. During Clinton years, and the dot.com boom my options remitted
35% + 1.5% to the Fed's and 10% to the state of California. Seems as us
"rich:" were paying more than our share.