Obama is backing away from his tax proposals as well it seems
Obama vows not to rescind tax cuts for the rich if recession deepens By Bill Van Auken 9 September 2008 http://www.wsws.org/articles/2008/sep2008/obam-s09.shtml On Sep 10, 2:51 am, VT Sean Lewis <[EMAIL PROTECTED]> wrote: > If you earned less than $100,000 your Bush tax cut was $158.61. > McCain wants to make this Permanent. > > This SCREWS almost 90% of working Americans. > > I posted this in 2006, and I am posting it AGAIN > > by VirtualTruth > Thu Nov 02, 2006 at 10:52:22 AM > EDThttp://www.dailykos.com/story/2006/11/2/105222/901/213/265226http://groups.google.com/group/OpenDebateForum/web/if-you-earned-less... > > If you earned less than $100,000 your share of the tax cut was $158.61 > on Average. > > If you earned more than $100,000, your share of the tax cut was > $4,754.57 on Average. > > So if you earn over $100,000 a year, you should vote republican. > > If you are earning less than $100,000 a year and vote Republican, you > should ask yourself WHY? For $158.61? The increase in gas wiped that > out in a week. > > If you do not believe me, do the math yourself. Here are my > calculations... > > I am going to break this down for everyone based on the > ADMINISTRATIONS numbers.... > > In 2003 the Administration said there were 92 million tax payers who > on 'average' would receive $1083 each. This does not mean each of the > 92 million GOT $1083, it just meant that if you took the entire tax > cut and divided it by the number of tax payers it comes to $1083. > > The reality is this. > > The total tax cut in 2003 was $99,636,000,000. > > $87,978,588,000 goes to people making over $100,000 a year. > > If you make over $100,000 a year, the 'average' tax cut you received > was $4,754.57 > > 18,504,000 received this on average. > > The rest of America, the lower middle class and the working poor > received what was left. That is $11,657,412,000 to be divided between > the remaining 73,496,000 Tax payers. > > So if you made less than $100,000 you received on Average a tax cut of > $158.61. > > So you tell me, who HONESTLY benefited from the Bush Tax cuts? > > http://www.whitehouse.gov/news/releases/2003/04/20030415-4.html > > According to theTax Policy Institute: > 45.8% of the benefits from a reduction in capital gains and dividends > went to people with incomes over $1 million. There were 284,000 > taxpayers in this income group. This is .19% of all taxpayers. > > An additional 10.8% of the benefits went to people with incomes > between $500,000 and $1 million. There were 593,000 taxpayers in this > income group. This is .40% of all taxpayers. > > 17.4% of the benefits went to people with incomes between $200,000 and > $500,000. There were 3,588,000 taxpayers in this income group. This is > 2.46% of all taxpayers. > > 14.3% of the benefits went to people with incomes of $100,000 to > $200,000. There were 14,039,000 taxpayers in this income group. > This is 9.66% of all taxpayers. > In other words -- > 88.3% of the total benefits from Bush tax cuts went to people with > incomes over $100,000. In addition, the total number of taxpayers who > got a vast majority of the benefits represent only 12.71% of all > taxpayers. > > htp://www.taxpolicycenter.org/ --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
