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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: mph who wrote (180694)	1/16/2004 11:58:43 AM
From: American Spirit	Respond to of 1572295

"Rich" means you don't really have to work if you don't want to. That's my definition. Probably means you have at least a 2 million net worth. But the ones who really benefit from the Bush tax cuts are much-much wealthier than that. The top 1% gets more tax relief that the bottom 40 million people (something like that). It's outrageous. My gilfriend makes 70 K a year and gets about 40% taken out of her paycheck upfont. I DO know what I am talking about.

To: mph who wrote (180694)	1/18/2004 7:58:07 PM
From: Amy J	Read Replies (1) \| Respond to of 1572295

Hi mph, RE: "I employ almost 20 people, at varying salaries, some of whom you'd consider "rich." Even they don't have 40% taken out of each paycheck." AS's post could be correct, here's why: In Calif, last year's top bracket (when you include both state & federal) was around 49%, I believe. This year, I think it's been reduced to 45% (because of the federal tax cuts). But when you factor in 401k, health care, that can bring a take home to 49%, even with the federal tax cuts. So AS's post could be accurate, if he lives in Calif. Regards, Amy J