Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: GraceG

Caught that as well.

My question is this. If the “Bush tax cuts” cut rates accross the board, were “middle class” rates higher during Klinton?


4 posted on 10/17/2012 11:38:06 AM PDT by MileHi ( "It's coming down to patriots vs the politicians." - ovrtaxt)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: MileHi
Yes! Very much so. Contrary to what 0bama says, the “Bush Tax Cuts” actually benefited the people in the lowest tax bracket the most. They saw their tax rate cut from 15% to 10%. So on a taxable income (after deductions, etc.) of $1000, the tax paid went from $150 to $100. 33% less tax. When the rates revert in January, some poor people will see their tax bills increase by 50%
8 posted on 10/17/2012 12:01:02 PM PDT by reg45 (Barack 0bama: Implementing class warfare by having no class!)
[ Post Reply | Private Reply | To 4 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson