Enjoy your nine dollars

[Guest guest]

" Stevo " <blue_meanie_9

Sun, 14 May 2006 02:05:26 -0700 (PDT)

Enjoy your nine dollars

 

 

 

 

 

 

Enjoy your nine dollars

Posted 9:35 am | Printer Friendly

Guest Post by Morbo

The Washington Post ran an interesting chart this week that every

Democrat should memorize. It shows your annual savings under the

latest Republican tax cut. Here are the figures:

$10,000-$20,000: $2

$20,000-$30,000: $9

$30,000-$40,000: $16

$40,000-$50,000: $46

$50,000-$75,000: $100

$75,000-$100,000: $403

$100,000-$200,000: $1,388

$200,000-$500,000: $4,499

$500,000-$1 million: $5,562

More than $1 million: $41,977

According to the U.S. Census Bureau, median income in the United

States is $44,389. Math has never been my biggest skill, but I know

what " median " means: half fall above, half below.

I am aware that the median may not be the best instrument to use here,

because a relatively small number of super-high earners skew the data.

But no matter how you slice this, most people are getting crumbs. As

The Post noted:

 

Middle-income households would receive an average tax cut of $20

from the agreement, according to the joint Urban Institute-Brookings

Institution Tax Policy Center, while 0.02 percent of households with

incomes over $1 million would receive average tax cuts of $42,000.

 

The bottom line is, the Republicans just offered huge numbers of

taxpayers an annual savings of $2 to $46. Considering that people

scoffed at a $100 gas rebate, this should be more than enough to make

their blood boil anew.

Let's put aside the wisdom of cutting taxes at a time of record

deficits. Let's put aside the question of straddling our children and

grandchildren with more debt. Let's just look at what is being offered

here. Then let's demagogue until the cows come home.

It's high time for some good old-fashioned class warfare. The ads

write themselves: " The Republicans just bought all of their friends a

shiny new car or a fancy fishing boat. You got a fast-food meal. Enjoy

your nine dollars. " http://www.thecarpetbaggerreport.com/