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

To: TimF who wrote (143697)	10/28/2008 1:03:34 PM
From: Bill	2 Recommendations Read Replies (2) \| Respond to of 173976

At this point, some real numbers might be helpful. A married person who has earned a taxable income (after deductions and exemptions) of $42,000 pays $3,892 in federal income tax plus $2,604 in social security plus $609 in medicare, for a total of $7,105. That's 17%. On the other hand, a person who has earned a taxable income of $500,000 pays $144,969 in federal income tax plus $6,324 in social security and $7,250 in medicare, for a total of $158,543. That's 32%. When Obama lets the Bush tax cuts expire in 2010, these rates will jump for both groups.

To: TimF who wrote (143697)	10/28/2008 1:18:24 PM
From: jlallen	1 Recommendation Respond to of 173976

You are wasting your time trying to educate that whacko....

To: TimF who wrote (143697)	10/28/2008 2:14:10 PM
From: geode00	Read Replies (1) \| Respond to of 173976

I am asking you very specifically where you got this particular statement from: Over 30% of people have no net income tax burden. And the other 70%, don't pay income tax on the first chunk of their income. What does it mean, on the first chunk of their income?