Whether Democrat or a Republican you will find these statistics enlightening and amazing
SOURCE: www.taxfoundation.org/publications/show/151.HTML
Taxes under Clinton [C, 1999] vs taxes under Bush [B, 2008]
- Single earning $30K -- taxed C $8,400 vs. B $4,500
- Single earning $50K -- taxed C $14,000 vs B $12,500
- Single earning $75K -- taxed C $23,250 vs B $18,750
- Married earning $60K -- taxed C $16,800 vs B $9,000
- Married earning $75K -- taxed C $21,000 vs B $18,750
- Married earning $125K -- taxed C $38,750 vs B $31,250
Barack Obama promises to return to the higher tax rates if elected. It is amazing how many people who fall into the categories above think Bush is screwing them and Bill Clinton was the greatest President ever.
If elected, Barack Obama has already promised that he will repeal the Bush tax cuts, and amazingly, a good portion of the people who fall into the categories above can't wait for it to happen.
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