wrote in message
...
On Thu, 15 Jul 2010 22:13:26 -0700, "nom=de=plume"
wrote:


wrote in message
. ..
On Thu, 15 Jul 2010 23:34:35 -0400, bpuharic wrote:

uh no. george bush handed the keys to the economy to his rich friends.
the 2003 and 2006 tax cuts benefited the ultra wealthy. and the
middle class paid for them.


... and 43% at the bottom don't pay any income taxes.
http://www.cbsnews.com/stories/2009/...n4945874.shtml

Yeah, the poor people. Sure is easy to blame them! But those rich people,
gotta give them all the breaks.



Again you miss the point.
If you rescind the Bush tax cuts, you also raise the tax rate of those
people near the bottom. For example the 10% rate is gone, replaced by
15%, the same is true of all the rates.

I have every tax return since 1983 in my files along with the 1040
book. Do we really want to run the numbers for some typical working
class people before and after the current rates came into effect?
I know my taxes are the lowest they have ever been and according to
the people here I am "working class" not "middle class".
My taxes would go up about $4000 if I used the Clinton tax tables.


The Obama plan is to let tax cuts expire for those making over $250K. Do you
make over $250K? If so, then yes, you're taxes will go up. However, the
right wing would like everyone to believe that it will be an across the
board tax increase, which is hogwash (unless the Republicans continue to
obstruct meaningful legislation).