Lottery Post Journal

Bush tax cuts help all Americans who pay taxes

I got this from another LP member who doesn't blog much.  I found it fascinating, and you may too.

The mainstream media has lied to you about the "Bush tax cuts".  It is not just a big handout to wealthy Americans, as you are being told.

The Bush tax cuts are a huge boost to lower-income Americans, which is why they were so successful in reversing the Clinton recession that Bush inherited when he took office.

What the liberal media does not like is that every American gets a tax break, not just poor and middle-income people.  Liberals of today pretty much have a Socialist agenda, which means rob from the rich and give to the poor — AKA income re-distrubution.  It is a populist agenda, which plays very well to the people who get that money, but it is a false hope for those people, because Capitalism creates a drive to get to the top of the ladder, whil Socialism makes people happy sitting on lower rungs of society.  (i.e., stagnation and a willingness to let the government control your life.)

The USA beat the Soviet Union because capitalism is better than Socialism any day, and in every way.  Socialism can be packaged in a way that make it appealing to society's base instincts, rather than to its collective intellect.

Before I get too far off the track, here's the article I promised...

Based on using the actual tax tables (see link below), here are some examples on what the taxes were/are on various amounts of income for both singles and married couples. So let's see if the Bush tax cuts only helped the rich.

www.taxfoundation.org/publications/show/151.html

Taxes under Clinton 1999 Taxes under Bush 2008 
Single making 30K - tax $8,400Single making 30K - tax $4,500
13%  decrease
Single making 50K - tax $14,000Single making 50K - tax $12,500
Single making 75K - tax $23,250Single making 75K - tax $18,750
  
Married making 60K - tax $16,800Married making 60K- tax $9,000
Married making 75K - tax $21,000Married making 75K - tax $18,750
Married making 125K - tax $38,750Married making 125K - tax $31,250
6%  decrease

If you want to know just how effective the mainstream media is, it is amazing how many people that fall into the categories above think Bush is screwing them and Bill Clinton was the greatest President ever.  If any Democrat is elected, ALL of them say they will repeal the Bush tax cuts and a good portion of the people that fall into the categories above can't wait for it to happen.  This is like the movie The Sting with Paul Newman and Robert Redford; you scam somebody out of some money and they don't even know what happened.

The check is in the mail

Week

Last 2 digits of your SSN

Receive your check by week of

1

00 - 09

July 23

2

10 - 19

July 30

3

20 - 29

August 6

4

30 - 39

August 13

5

40 - 49

August 20

6

50 - 59

August 27

7

60 - 69

Sept. 3

8

70 - 79

Sept. 10

9

80 - 89

Sept. 17

10

90 - 99

Sept. 24

For married taxpayers who filed a joint return, the first Social Security Number on the return determines the mailing date.
Source: Internal Revenue Service

5 Comments:

  • Fortunately, the mainstream media is becoming less and less influencial, this is clearly evidenced by the ratings and the level of shrillness emanating from those outlets. I don't think many people will be returning their checks or complaining IMHO. And once the numbers are made clear, people will realize those tax rates are good for everybody. Thanks.

    By jarasan, at 10:21 AM

  • @jarasan: I wish everyone had the same common-sense approach that you do. Unfortunately, I think there are many who seem incapable of the independent thought necessary come to the same conclusion as you. When all the Democrats leaders say, "Roll back the Bush tax cuts!" there are many people who will immediately (and irrevocably) think to themselves, "We've got to roll back the Bush tax cuts!" When those "leaders" say, "Tax breaks for the wealthy! those sheep will immediately (and irrevocably) think to themselves, "Bush is just giving money to rich people!" It's a clueless way to go through life, but many people seem to be content doing it.

    By Todd, at 2:52 PM

  • The tax cuts were a good idea, but they should have been accompanied by less spending. I don't think the rebates will help the ailing economy too much, but it is welcome to get some of our taxes returned.

    The key issue is the spending spree that Congress has been engaging in. We can't have it both ways.

    By Rick G, at 9:22 AM

  • It's a sad shame that people are buying into Hillary Clinton's statement that she would NOT be raising taxes, but returning them to the "Pre-Bush" level.
    But then again, the biggest whiners are those who don't even pay income tax. Just goes to show that the squeeky wheel does get the grease as the rest of us are trampled upon in our silence.

    By SirMetro, at 1:04 PM

  • Before the Bush cuts Michigan was getting back 70 to 75 cents of every dollar it sent in to the feds and after the cuts that changed to 90 to 95 cents!! Guess what? If you don't send it in you don't have to worry about getting it back!

    By Think, at 11:16 PM

Post a Comment

<< Home