I got this from another LP member who doesn't blog much. I found it fascinating, and you may too.
The mainstream media has lied to you about the "Bush tax cuts". It is not just a big handout to wealthy Americans, as you are being told.
The Bush tax cuts are a huge boost to lower-income Americans, which is why they were so successful in reversing the Clinton recession that Bush inherited when he took office.
What the liberal media does not like is that every American gets a tax break, not just poor and middle-income people. Liberals of today pretty much have a Socialist agenda, which means rob from the rich and give to the poor — AKA income re-distrubution. It is a populist agenda, which plays very well to the people who get that money, but it is a false hope for those people, because Capitalism creates a drive to get to the top of the ladder, whil Socialism makes people happy sitting on lower rungs of society. (i.e., stagnation and a willingness to let the government control your life.)
The USA beat the Soviet Union because capitalism is better than Socialism any day, and in every way. Socialism can be packaged in a way that make it appealing to society's base instincts, rather than to its collective intellect.
Before I get too far off the track, here's the article I promised...
Based on using the actual tax tables (see link below), here are some examples on what the taxes were/are on various amounts of income for both singles and married couples. So let's see if the Bush tax cuts only helped the rich.
|Taxes under Clinton 1999||Taxes under Bush 2008|
|Single making 30K - tax $8,400||Single making 30K - tax $4,500|
|Single making 50K - tax $14,000||Single making 50K - tax $12,500|
|Single making 75K - tax $23,250||Single making 75K - tax $18,750|
|Married making 60K - tax $16,800||Married making 60K- tax $9,000|
|Married making 75K - tax $21,000||Married making 75K - tax $18,750|
|Married making 125K - tax $38,750||Married making 125K - tax $31,250|
If you want to know just how effective the mainstream media is, it is amazing how many people that fall into the categories above think Bush is screwing them and Bill Clinton was the greatest President ever. If any Democrat is elected, ALL of them say they will repeal the Bush tax cuts and a good portion of the people that fall into the categories above can't wait for it to happen. This is like the movie The Sting with Paul Newman and Robert Redford; you scam somebody out of some money and they don't even know what happened.
The check is in the mail
Last 2 digits of your SSN
Receive your check by week of
00 - 09
10 - 19
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30 - 39
40 - 49
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For married taxpayers who filed a joint return, the first Social Security Number on the return determines the mailing date.