Liberals can you please explain to me how your taxes will not go be raised?
this is what bush tax cuts that were started in 2001, when Obama reinstates them your taxes will go back up, so he was lying to you about the nobody under 200,000 getting a tax raise when they expire all tax rates will return to pre 2001 rates (that means we all will be paying more) Income tax EGTRRA generally reduced the rates of individual income taxes: a new 10% bracket was created for single filers with taxable income up to $6,000, joint filers up to $12,000, and heads of households up to $10,000. the 15% bracket's lower threshold was indexed to the new 10% bracket the 28% bracket would be lowered to 25% by 2006. the 31% bracket would be lowered to 28% by 2006 the 36% bracket would be lowered to 33% by 2006 the 39.6% bracket would be lowered to 35% by 2006 The EGTRRA in many cases lowered the taxes on married couples filing jointly by increasing the standard deduction for joint filers to between 174% and 200% of the deduction for single filers. Additionally, it changed the rate of tax on dividend income starting in 2003 to 5% for those in the 0% or 15% brackets, falling to 0% in 2008. It was lowered to 15% for all other brackets. Additionally, EGTRRA increased the per-child tax credit and the amount eligible for credit spent on dependent child care, phased out limits on itemized deductions and personal exemptions for higher income taxpayers, and increased the exemption for the Alternative Minimum Tax, and created a new depreciation deduction for qualified property owners. [edit] Capital gains tax The capital gains tax on qualified gains of property or stock held for five years was reduced from 10% to 8%. funny thing i noticed these or not just tax breaks for the rich? how can that be if you listen to liberals? the question should read: How will your taxes not be raised? charley, take the time and read, any one with a high school education should be able to
Public Comments
- You don't know much about taxation, do you? Because if you did then this question wouldn't be posted.
- I don't earn more than 250,000.00. That's how.
- What you need to do is not make or have any money.
- Here's a news flash for you. I don't care. If our economy gets fixed, we get out of two counter-productive, expensive wars, bring back oversight and regulation and again support our dwindling middle class it would be well worth it to me. Conservatives are economic morons..there is no reason to listen to them any longer.
- I'm fairly certain that Obama said that the only the wealthiest 5% of Americans would have their tax rate restored to the pre-bush level, as opposed to what you're showing which is a tax rollback across the board. That would explain why those of us who are not quite there yet won't receive an increase.
- Because thanks to the Bush administration and the Bush Depression™, I'll be making so little money my taxes will be going way down. Thanks George! ∠°)
- Taxes is a far more complicated issue than a tax table. In Texas tuition was raised for "those who could afford it" and at the same time more "financial aid" was offered to the poor. I don't know what you call that, I call it a tax increase. Texas, BTW, is governed by hard right psychos. My mom lives in a home here in Texas. The private pay residents pay several times what the public assistance residents pay. When I pay a higher rate for my mom than Texas pays for public assistance residents I call that a tax. My payments subsidize the government. Remember, this is Texas, home of the crazy right. If you want to talk taxes move beyond the tables. The answer is not there. And don't forget to grab your ankles. Someone has to pay and that someone ain't the folks sitting in Austin.
- "taxes will not go be raised." not good go point.
- Liberals dont care if their taxes go up to 100% of their income. There still in Obama-mania. These are the type of people Liberals and Obama attract, people who don't understand the system, and people who can be easily controlled..
- This is why I stopped listening to everyone, including the politician, speak. I do my own research and come to my own conclusions. I read their plans and use my own common sense. I don't listen to what they say. Obama AND McCain both said "Lower Taxes", but anyone with a little common sense would know it wasn't going to happen. How can we afford a tax break when we have a huge deficit to pay back? I voted for the better person, but all politicians lie, I don't care who they are. Just because they're the better person for the job doesn't mean they don't lie.
- Because we retired and now have a lower income.
- go be raised?
- Actually my pay check has gotten 12 dollars Bigger
- My taxes have never gone down. I am now retired and I still pay too much. The neo cons had their chance and they blew it.
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