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?
posted on 10/17/2012 11:38:06 AM PDT
( "It's coming down to patriots vs the politicians." - ovrtaxt)
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%
posted on 10/17/2012 12:01:02 PM PDT
(Barack 0bama: Implementing class warfare by having no class!)
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