Jan

20

In 7 of the 8 years Bush was in office we received a tax cut. Since I do want to spark civil unrest I will not even tell you what people with incomes over 100,000 got out of the deal (much more than the numbers you see below).

My source for this information is 100% solid. I used the IRS Tax Tables to determine this information. If you think I am snowing you, Google and look for yourself. They are readily available on the net.

If you were married with a total income of $25,000 your average tax break over his 8 years was $2.80 a month.

If you were married with a total income of $50,000 your average tax break over his 8 years was $7.55 (1.1%) a month. 

If you were married with a total income of $95,000 your average tax break over his 8 years was $39.55 (2.8%) a month. 

Share with me how those numbers increased the quality of your life? As I said, these are not B.S. numbers, they are straight out of the tax tables you and I use to file our taxes.

So, what did this cost us? [This is where Macro and Micro are worlds apart]

The Bush tax cuts will cost the American Public $2.48 trillion over the 2001-2010 period. This includes the revenue loss of $2.11 trillion that results directly from the Bush tax cuts as well as the $379 billion in additional interest payments on the national debt. The tax cuts were DEBT FINANCED! China I believe covered most of the costs.

 


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