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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?


To: J_F_Shepard who wrote (100989)6/23/2007 12:22:33 AM
From: Peter O'Brien  Read Replies (1) | Respond to of 173976
 
Your post displays complete ignorance of the facts.

The "$300 pre-payment" was only a portion of the income tax
cut received in advance. Most people got a lot more,
unless they were in the very lowest tax bracket.

As for your "upper 1%" comment...

All income tax brackets were cut, and the highest brackets
were cut the least proportionally:

The brackets now range from 10% to 35%.
Before Bush, the brackets ranged from 15% to 39.6%.

The lowest bracket was cut by 33.3% (from 15% to 10%).
The highest bracket was cut by only 11.6% (from 39.6% to 35%).