Federal income tax, Clinton versus Bush comparison

Once again, the nice lady from the west coast has delivered an interesting email. Think the democrats are watching out for the little guy? Think George Bush and the republicans are just trying to help the wealthy? Read the following:

After watching a focus group of democrats that watched the democratic debate the other day in Vegas, ….  for the most part, all of them bashed Bush over and over again on how he is out for his millionaire friends and the big oil companies and he has totally forgotten or disregarded the little guy.  So, an ex-IRS employee decided to look back on the tax tables to see if there is any truth to what they said and the media keeps stating as fact, “Bush is only out for the rich in this country.”

Based on using the actual tax tables (see link below), here are some examples on what the taxes were/are on various amounts of income for both singles and married couples. so let’s see if the Bush tax cuts only helped the rich.
http://www.taxfoundation.org/publications/show/151.html
Taxes under Clinton 1999                                     Taxes under Bush 2008
Single making 30K – tax $8,400                           Single making 30K – tax $4,500
Single making 50K – tax $14,000                         Single making 50K – tax $12,500
Single making 75K – tax $23,250                          Single making 75K – tax $18,750
Married making 60K – tax $16,800                     Married making 60K – tax $9,000
Married making 75K – tax $21,000                     Married making 75K – tax $18,750
Married making 125K – tax $38,750                 Married making 125K – tax $31,250
If you want to know just how effective the mainstream media is, it is amazing how many people that fall into the categories above think Bush is screwing them and Bill Clinton was the greatest President ever.  If any democrat is elected, ALL of them say they will repeal the Bush tax cuts and a good portion of the people that fall into the categories above can’t wait for it to happen.  This is like the movie ‘The Sting’ with Paul Newman, you scam somebody out of some money and they don’t even know what happened.  Now this is effective (maybe not honest) marketing or maybe a better word is brain washing.





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