We "Know" So Much That Isn't So

The straight facts on the charge of "Tax cuts for the rich!" right from the tax foundation via the IRS:


source: http://www.taxfoundation.org/publications/show/151.html

TAXES UNDER CLINTON 1999

*Single making 30K - tax $8,400

*Single making 50K - tax $14,000

*Single making 75K - tax $23,250

*Married making 60K - tax $16,800

*Married making 75K - tax $21,000

*Married making 125K - tax $38,750
-------------------------------------------------------------------------------------

TAXES UNDER BUSH 2008

*Single making 30K - tax $4,500

*Single making 50K - tax $12,500

*Single making 75K - tax $18,750

*Married making 60K- tax $9,000

*Married making 75K - tax $18,750

*Married making 125K - tax $31,250

As you can see, everybody who pays taxes has recieved a cut as of late. Bush may be open to other reasonable criticisms, but "ruining" the economy or only caring about the rich isn't one of them.

The Wall Street Journal also has this to add: "In 1980, when the top income tax rate was 70%, the richest 1% paid only 19% of all income taxes; now, with a top rate of 35%, they pay more than double that share."

So next time you hear someone say "tax cuts for the rich" pull out these hard facts and tell them to start looking elsewhere for their news.