Re: Wisconsin Republicans vote to strip public worker collective bargaining rights wi
Here, lets just take one word out and have a go at it again .
Is that better?
Beats the hell out of me, has nothing to do with my post ...... but I will question that figure of the average tax cut being 100 annually to those making less then 1million .....
Under the Bush tax cut plan, 92 million taxpayers would receive, on average, a tax cut of
$1,083 in 2003. Taxpayers in the lowest tax brackets would receive the largest percentage reduction in their taxes. Estimates from the White House project that:
46 million married couples would receive an average
tax cut of $1,716.
34 million families with children would receive from an
average tax cut of $1,473.
6 million single women with children would receive an
average tax cut of $541.
13 million elderly taxpayers would receive a
n average tax cut of $1,384.
23 million small business owners would receive
tax cuts averaging $2,042.
3 million moderate-income families would see their income
tax burden eliminated entirely.
Example:
A family of four with an income of $40,000 would see their federal income
taxes fall from $1,178 to $45 under the President's plan.
26 million taxpayers would receive an average
tax cut of $704 in 2003 under the dividend provision.
9 million seniors would receive an
average tax cut of $991 in 2003 on their dividend income.
More than 40 percent of people who receive dividends make under $50,000 a year - and
three-fourths make less than $100,000 a year.
Example:
A married couple, both aged 65, with income of $40,000 (of which $2,000 is dividends and $15,000 is Social Security benefits) would see their taxes decline under the President's growth package
by $380 (from $930 to $550) in tax year 2003 ? a decline of 41 percent.
Details of the Bush 2003 Tax Cut Plan
