Comments on: Get Ready America, Obama’s about to Sock it To You! http://macsmind.com/wordpress/2009/02/get-ready-america-obamas-about-to-sock-it-to-you/ Official Blog of the MacRanger Radio Show on Blog Talk Radio Mon, 21 May 2012 20:55:18 -0500 hourly 1 http://wordpress.org/?v=3.0.3 By: retire05 http://macsmind.com/wordpress/2009/02/get-ready-america-obamas-about-to-sock-it-to-you/comment-page-1/#comment-37779 retire05 Sun, 22 Feb 2009 21:36:15 +0000 http://macsmind.com/wordpress/2009/02/21/get-ready-america-obamas-about-to-sock-it-to-you/#comment-37779 Sorry, the tax rate in 2001 for a married couple earning $45k/yr was 27.5%. Sorry, the tax rate in 2001 for a married couple earning $45k/yr was 27.5%.

]]> By: retire05 http://macsmind.com/wordpress/2009/02/get-ready-america-obamas-about-to-sock-it-to-you/comment-page-1/#comment-37778 retire05 Sun, 22 Feb 2009 21:33:52 +0000 http://macsmind.com/wordpress/2009/02/21/get-ready-america-obamas-about-to-sock-it-to-you/#comment-37778 In 2001, the year before the Bush tax cuts took affect, a couple making $45K/yr paid 27.% in federal income tax or $12,375.00. In 2002, after the Bush tax cuts, their tax liablity was reduced to $6,750 or by over 45%. A family whose net income is now $45K will be paying an additional $500+ a month in federal income taxes. Yeah, that will get the economy moving. In 2001, the year before the Bush tax cuts took affect, a couple making $45K/yr paid 27.% in federal income tax or $12,375.00.

In 2002, after the Bush tax cuts, their tax liablity was reduced to $6,750 or by over 45%. A family whose net income is now $45K will be paying an additional $500+ a month in federal income taxes. Yeah, that will get the economy moving.

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