Ok so lately i have heard much talk about this cutting taxes for 95% of American's stuff. First of all, 45% of Americans, do not pay any income taxes (Tax Foundation).
According to the IRS, in 1999 those making 60 thousand dollars per year, paid roughly (i'm rounding to the nearest whole number) 16 thousand dollars in income taxes. Now under Bush these people have paid 9 thousand in income taxes.
Now Obama says he wants to bring tax rates back up to what they were under Clinton. How does he do that? Let the Bush tax cuts expire. Now he is not technically raising taxes by doing this. And you won't see it right away. But if you look at those numbers, taxes once the tax cuts expire, will go back to 16 thousand instead of 9 thousand. Which if my math is right, that is a oh yeah SEVEN THOUSAND dollar INCREASED amount that they will pay in income taxes.
Don't be fooled by Obama's lies. He is NOT cutting taxes.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment