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To: PSYCHO-FREEP
What specifically was I incorrect about? Is it not true that the "middle-class" is not the greatest percentage of

Social Security recipients

Mortgage interest deductions

Child tax credit filers

Student loan consumers

FHA loan holders?

Is it not a fact that most "middle class' Americans with children pay no federal income taxes or at the most 10% of a post deduction income of less than 20k per year? I think you have your own definition of just what a "government program" is and it doesn't include those that you receive.

438 posted on 12/10/2003 11:51:46 PM PST by Texasforever
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To: Texasforever
We forgot state lotteries, which are an evil scheme to separate the relatively poor from their money. Add that one to the list. It is too tempting to become a grump. One must endeavor to avoid that (note to self).
442 posted on 12/10/2003 11:55:56 PM PST by Torie
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To: Texasforever
Look at the net income to tax owed ratios after deductions.

Since most middle class families only average 1.3 children, personal deductons are minimal. As far as qualifying for the minimum $7000.00 (Thanks to the Democrats) in total exemptions before a family can itemize, most middle class families are forced to elect standard deductions.

(refer back to the first sentence)The net income retained is quickly used up by increased realestate taxes, automobile, sales taxes, utilities,etc...all of which are not or only partly deductable. The middle class takes the lions share of the burden. It's a simple fact. Ask any accountant.

453 posted on 12/11/2003 12:08:05 AM PST by PSYCHO-FREEP
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To: Texasforever
Huey Long: "No cuts for you, no cuts for me, cuts for the fellow behind the tree!" BUMP
609 posted on 12/14/2003 12:27:42 AM PST by 185JHP ( "What seest thou, Jeremiah?")
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