mddem2004
Jr. Member
Posts: 561
Political Matrix E: -6.38, S: -4.00
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« Reply #1 on: May 22, 2004, 11:57:49 AM » |
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"Do you or your parents make over $70,000 per year?"
As a matter of fact my wife, two girls and I had an income of $75,600 last year. Since Bush came into office I have received approximately $3600 in reduced Federal taxes over the three years.
However, because in 2002 there was no Federal aid to the states (at least not my state of Maryland), the first time by the way by any modern President in time of recession to not provide aid to the states, our State budget (which must be balanced) forced those cuts onto the local governments. That in turn raised my property taxes two consecutive years, the tax percentage my local government charges was increased, and of course because I am a local government employee, not only have we not received a COLA but of course we have not received any merit increases as well. So...by my calculations when you take into account the increases in our health insurance and of course inflation (even though its low) I calculate I've lost in real income close to $5,000 over the same period.
In a nut shell...Bush's shell game of tax relief has cost me about $1400 in real income since he's been in office....
------------------------------------------------------------------------- "You meant 1%, not 10% right?"
I used the figure of 10% in my ealier post because the information that I have seen on Bush's initial 1.3 trillion dollar tax cut gave 42% of that to the top 10% of the population....
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