So you might have heard that the tax cut’s singed into law a few years ago were extended this week. Mr. Bush called this a “victory for the American tax payer”. Let’s take a look at that…
If you make $10,000 a year; you will receive a tax cut of 0.060% or a whopping $6.
If you make $50,000 a year; you will receive a tax cut of 0.092% or an amazing $46.
If you make $75,000 a year; you will receive a tax cut of 0.14% for an astounding $112.
However…
If you make $1,000,000 a year; you will receive a tax cut of 4.2% or a miniscule $42,000.
And if you are so unlucky as to pull in a $10,000,000 a year; you will receive a tax cut of 5% for a miserly $500,000.
Truly a victory for the American tax payer!!!
Sources:
http://www.usatoday.com/news
Numbers in the above article were extrapolated from figures compiled by the Urban-Brookings Tax Policy Center which can be found at:
http://taxpolicycenter.org
1 comment:
i think we should create our own militia and call it the madness militia....yeah...they're gonna be monitoring my phone calls now.
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