Bush's Tax Cut Even Less Usefull Than Im
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| Wed, 03-31-2004 - 7:27am |
http://seattlepi.nwsource.com/money/158822_taxalternative31.html
Bush called for permanent extension of these tax breaks in his State of the Union address but not reform of the alternative minimum tax, which denies families most of the Bush write-offs.
Because of the AMT most "middle class" and lower Americans will NEVER be able to benefit from his "Tax Cuts" for "everyone" but the wealthy sure will be able to benefit from those cuts. By the end of Bush's "plan," middle class America will be completely cut out of Bush's "Tax Cuts" while all his cronies will still be raking in billions.
This is the guy that is supposed to be for everyone? The guy has always been and always will be for the elite 10% of America. The rest of us are only here to provide that 10% with money and to die in his wars.
James
janderson_ny@yahoo.com
CL Ask A Guy
Edited 3/31/2004 2:54 pm ET ET by gandalf_grey

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Those were freebies by state contractors.
I would take deference to your assertion that $200,000. is elite in major cities. In NYC, it may be upper middle class at best.
One of my colleagues lives in Manhattan and is an attorney. He is married with two children, and he makes about $200,000. a year, and I can say that in now way is he rich.
Take this into consideration (note that figures are rounded):
Income $185,000. (being used as the general figure)
Federal Taxes: $40,500.
State Taxes: $15,170.
City Taxes: $ 8,880.
FICA: $ 8,500.
* If this person owned their dwelling, the real estate taxes would be about another $10,000. or more, depending on the assesment of their dwelling.
To me, this is a lot to pay in taxes. If this were someone living in the suburbs, then one could agrue that the city taxes would reduce, but would then be offset by property taxes. I guess it is a wash. I guess it also goes to the point that NYC happens to be the most expensive community in the US to live in.
(Not a laughing matter by the way)
Like I said NYC is more expensive than any of the others I checked.
Exactly my point, while the definition of "elite" in every area will be different, the fact is that the "elite" is definitely the ones who benefited from this tax break, while those struggling to join that group got more taxes and more barriers put in their way.
James
janderson_ny@yahoo.com
CL Ask A Guy
Listen, I grew up with a single parent mother who was on welfare or waitressing for most of her life, and through a lot of hard work on my part I am now middle class and rising.
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