Posted on 09/18/2010 2:32:01 PM PDT by Sub-Driver
AP Shocker: Bush Tax Cuts Didn't Just Help The Rich By Noel Sheppard Created 09/18/2010 - 17:13
For almost ten years, the Bush tax cuts have been depicted by media as only helping rich people.
Now, with them set to expire, and a Democrat in the White House desperately needing a stronger economy to help him and his Party's political fortunes, the Associated Press is telling readers the truth with the following headline:
Expiring Tax Cuts Hit Taxpayers at Every Level
If you think that's amazing, wait until you see the contents [1]:
A typical family of four with a household income of $50,000 a year would have to pay $2,900 more in taxes in 2011, according to a new analysis by Deloitte Tax LLP, a tax consulting firm. The same family making $100,000 a year would see its taxes rise by $4,500.
Wealthier families face even bigger tax hikes. A family of four making $500,000 a year would pay $10,800 more in taxes. The same family making $1 million a year would get a tax increase of $53,200.
The estimates are based on total household income, including wages, capital gains and qualified dividends. The estimated tax bills take into account typical deductions at each income level.
Okay, so putting this in reverse, doesn't that mean that when these tax cuts were first implemented - you know, when that awful Republican named George W. Bush was president! - a typical family of four with a household income of $50,000 a year saved $2,900 per annum as a result? And a family making $100,000 a year saved $4,500?
Gosh, that means these tax cuts weren't just for the rich as virtually every media outlet in America has been claiming since they were first proposed.
Makes you wonder how such organizations can stay in business when they do such a terrible job.
No problem.
People won’t see the extra taxes until next January which is after the election. They will forget all about it by 2012.
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If there were any justice in the nation 99% of democrats and 89% of republicans would be behind bars.
I'm hopeful one-third of this bunch of clowns will be shown the door starting in November. But remember that the left have been practicing voter fraud since before 2000 - i.e., Washington State's gubernatorial 'election,' that pinhead 'Senator Al,' and the scam they pulled on Stevens in Alaska.
I am really worried about my daughter who is newly married and I know her tax bracket will go up about 12% and I would say her and her husband make aroung 50 to 60K not exactly sure but they will also get the marriage penalty which will be reinstated come 2011. I really wish the Republicans would push the fact that the tax cuts were not just for the rich but anyone who paid taxes. I guess it really doesnt matter at this point but wish they would have made them permanent this way the dems would have to raise them instead they are now calling the tax cuts for unde 250K Obamas tax cuts for the middle class if they get extended-The republicans need to learn how to play harder ball afterall they are dealing with professional liars
How about the ‘pubs in office and running for office pledge to make the Bush cuts permanent? Make the marxists vote against that and out some more rinos!
bttt
The Dems are totally unable to run an ad without squawking about “tax cuts for the wealthy.” They never mention that anyone who paid taxes got a tax cut.
I have already seen AP headlines using the expression "Obama Tax Cuts" even though the first paragraph talks about taxes increasing. The DBM lies.
Only the constant propaganda from the press keeps these Marxists in power. <<
Let the tax cuts expire and you’ll see the biggest shift to conservative politics in ages!
Being mugged by reality is probably the only way u can change a Marxist...
Actually, if the list of candidates were limited to all US car salesmen the quality of talent would still be higher.
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