Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Dan Evans
"Taxation is a loss of freedom. It's money you are no longer free to spend."

Indeed. And you'll notice that we've lowered the top tax bracket from 70% under JFK down to almost half that today.

Thanks to the 3 federal income tax cuts under President Bush so far, a family of four earning $40,000 per year only pays fourty-eight Dollars ($48) in annual federal income taxes now (a Tax Freedom Day of January 1).

The estate tax is now dead, again thanks to President Bush. No longer do families have to sell their father's farm simply to pay their estate tax bill.

The double-tax on dividends is almost completely gone now, too.

Thus, we are moving in the correct direction on the tax issue, just as we are gaining back our gun rights, gold rights, voting rights, Internet rights, etc.

122 posted on 01/25/2005 11:23:27 PM PST by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
[ Post Reply | Private Reply | To 121 | View Replies ]


To: Southack
Indeed. And you'll notice that we've lowered the top tax bracket from 70% under JFK down to almost half that today.

But governments still collect about as much as they always did. Inflation continually drives us into upper brackets. Tax codes are so complex that it is meaningless to cite one statistic in marginal income tax rates.

The best way to gauge how much they tax us is to look at how much they spend.

124 posted on 01/25/2005 11:30:50 PM PST by Dan Evans
[ Post Reply | Private Reply | To 122 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson