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Old 02-24-2008, 09:34 AM
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Default Re: OBAMA -- What WILL HE DO AS PRESIDENT - Questions/Answers

I did some research on taxes and found this infomation at this link. Some of the political candidates want to repeal the "Bush" tax cuts and "increase the taxes for the rich only" See where you fall in this table and determine if you fall into the "rich" who will have there taxes increased with the repeal of the tax cut. There are also other sources that support this same data and these are averages for those earnings.

<http://www.taxfoundation.org/> www.taxfoundation.org

Taxes under Clinton 1999 Taxes under Bush 2007
Single making 30K - tax $8,400 Single making 30K - tax $4,100
Single making 50K - tax $14,000 Single making 50K - tax $8,900
Single making 75K - tax $23,250 Single making 75K - tax $15,150
Married making 60K - tax $16,800 Married making 60K - tax $8,200
Married making 75K - tax $21,000 Married making 75K - tax $11,600
Married making 125K - tax $38,750 Married making 125K - tax $24,100
 
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