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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Bald Eagle who wrote (202024)	11/12/2001 4:03:14 PM
From: Little Joe	Read Replies (1) \| Respond to of 769670

I haven't done the math but your concept is correct. Guess I wasn't thinking straight. Had one of my stupidity attacks. Little joe

To: Bald Eagle who wrote (202024)	11/12/2001 4:36:02 PM
From: Kenneth V. McNutt	Read Replies (1) \| Respond to of 769670

<<but I'm sure a 5% decrease in tax is nowhere near as good as a 5% salary increase. >> Would not the 5% tax decrease be a reduction of a persons tax bracket from say 15% to 10% a 33% reduction or a 5% reduction from say 39% to 34% or an approx 14% reduction? or am I misunderstanding tax bracket reduction theory??? Would this saving be higher than an increase after taxes under the existing brackets? seems a 5% increase in wages would favor the high wage person. Also, the employer pays substantial additional taxes on every dollar increase the employee receives. Puzzle. Need a CPA. Ken