If they do, consider your tax increase:
A family making $45k will pay ~$1600 more.
A family making $60k will pay ~$2100 more.
And as far as I can tell, these amounts do not adjust for the child credit. So if you have children, prepare for an added increase.
Use the link below to determine what your approximate tax increase will be.
http://www.moneychimp.com/features/tax_brackets.htm
2007-08-08 07:49:55 · 7 answers · asked by Time to Shrug, Atlas 6 in Politics & Government ➔ Other - Politics & Government
And please don't feed me a line about the budget deficit.
Deficits are produced when EXPENSES exceed revenues. To eliminate a deficit, you can either raise taxes (assuming revenues rise with rates....) or cut costs.
Or, in this case, simply index our federal government's budget to inflation, and our deficit AND our debt will be eliminated in short order.
2007-08-08 07:53:22 · update #1
merrybodner- So according to your logic, its ok if I lose a hand becuse my neighbor lost an arm? That makes sense.
2007-08-08 07:54:36 · update #2
Hope so. Most of the "TAX cuts" were Capital Gains tax cuts. Definitely won't jack my taxes up anywhere close to that.
Quit trying to scare me with BS assertions.
2007-08-08 07:53:20 · answer #1 · answered by Anonymous · 0⤊ 3⤋
The Left believes that everyone should pay more rather than cut spending...so YES. I just wish Republicans would have cut instead of spent like drunken sailors. What a shame.
Even Capital Gains tax cuts help the entire country, but I see many just don't seem to get it. Lowering taxes has led to an increase in sales taxes collected by States.
2007-08-08 15:21:43 · answer #2 · answered by Stereotypemebecauseyouknow 7 · 1⤊ 0⤋
Republicans have a problem, they always talk to the rich. The poor don't care about taxes unless is a cut on their benefits so why would they vote republican.
Not only that apparently Republicans think they live independently and not in a society.
2007-08-08 14:58:16 · answer #3 · answered by Jose R 6 · 0⤊ 0⤋
They will allow Bush anything he wants. They proved this when they voted to allow him more spying powers against his own people. Down with Bush and ALL his supporters!!!!
Ron Paul 2008
Restore the Constitution.
Restore our privacy.
Give us our freedoms...
2007-08-08 14:55:04 · answer #4 · answered by Chaoticfreedoms 3 · 0⤊ 1⤋
I certainly hope so. The country needs the money. A family making $1million will pay a lot more.
2007-08-08 14:52:43 · answer #5 · answered by merrybodner 6 · 0⤊ 3⤋
You BETCHA!
2007-08-08 14:55:11 · answer #6 · answered by Robert S 7 · 1⤊ 0⤋
YES WE ARE DOOMED.
2007-08-08 14:54:09 · answer #7 · answered by Richie for da ben dan 4 · 1⤊ 0⤋