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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!)
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To: reg45
That is what I thought. So if Barry wants to go back to the Klinton tax rates, it will be a tax increase on the middle class.

Thanks for that.

9 posted on 10/17/2012 12:36:28 PM PDT by MileHi ( "It's coming down to patriots vs the politicians." - ovrtaxt)
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