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Looking out for the wealthiest 2%
"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. |
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