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[QUOTE]Originally posted by Klaus: [QB] Your social issue concerns are valid but I doubt they are in any jeopardy. The top 2% line you said a couple times is just wrong. It's one way of looking at the aggregate dollars saved by tax payers under the Bush plan. But our tax system is based on tax brackets and of course if you don't pay any taxes you won't get a "tax cut". Here is a before and after the Bush tax cuts: [b]Before:[/b] $0-$27,050 15% $27,000 - $65,550 28% &65,550 - $136,750 31% $136,750 - $297,350 36% $297,350 + 39.6% [b]After:[/b] $0-$6,000 10% $6,000 - $27,050 15% $27,050 - $136,750 25% $136,750 + 33% As you can see everyone benefited from the tax cut. I received a check for almost $600 (this was for a little over 6 months because the cuts were retro-active to the beginning of the year 2 years ago). On average someone making $30,000 a year saves close to $900 a year from the new rates. AND HERE IS THE KICKER>>>>>The government actually collected MORE tax revenue after the cuts. Why? because small businesses keep more money and are encouraged to expand and make more money (therefore more tax revenue). [b]39.6%[/b] is pretty high don't you think? Plus state and social security tax doesn’t leave much incentive to make another dollar of income for a small business owner. I have a similar plan to Brad's healthcare from my work. 80/20 up to a cap of $700 a year. I pay nothing out of my check (my employer pays my $110 a month). For the $700 I have at risk - I have a medical savings account (125 plan) though my employer. This is tax free money to be spent on medical "stuff" (co-pays, contacts, glasses, prescriptions, etc). $110 a month is pretty cheap and since you can deduct it it's really only costing you about $80 a month. [/QB][/QUOTE]
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