As you know, the democrats in Congress refuses to support the renewing of Bush's tax cuts. Do you really know what this means to the average taxpayer? Well I have news for you. If we let this happen most of us will be paying more when it comes April 15. Here are a few examples
If your taxable income is 0 to $43,050 you would be in the 15% tax rate in 2000. Under Bush's tax cuts this goes down to 10%.
If your taxable income is $43,051 to $104051 in 2000 your rate was 28% under Bush's tax cuts this would drop to 15%.
The top, those making the top money would drop from 39.6% to 33%.
So the next time you talk to a democrat, ask them why they are raising our Federal taxes next year. See what they answer then show them the facts.
6/15/2008
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