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To: MichaelNewton

The 50% who pay no federal income tax will suffer the most. < /sarc >


6 posted on 10/07/2010 12:48:35 PM PDT by a fool in paradise (Ask yourself,where does Saudi Arabia fit on a scale of "passive" to "moderate" to "extremist" Islam?)
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To: a fool in paradise

“The 50% who pay no federal income tax will suffer the most. < /sarc >”

Actually, they do because they lose child tax and earning income credits. As the article states: “a married couple with two dependents earning $40,000 about $2,643, with after tax-income dropping to $38,870, from $41,513 if the tax cuts are extended and taxpayers continue to take advantage of refundable credits.” Under the current system, the family receives $1513 from the government. Now they’ll pay $1130.


14 posted on 10/07/2010 12:53:02 PM PDT by MichaelNewton
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To: a fool in paradise

> “The 50% who pay no federal income tax will suffer the most.”

.
As the provisions of the Bush tax cuts that allowed them to avoid taxation tumble into the ashcan of a lethargic congress, and the once brave souls that stuck their necks out to create jobs withdraw said necks before the axe dropped.
.


41 posted on 10/07/2010 1:50:33 PM PDT by editor-surveyor (Obamacare is America's kristallnacht !!)
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To: a fool in paradise

You miss the point. It won’t be 50% who pay zero, it will be something like 40%


47 posted on 10/07/2010 5:07:41 PM PDT by newbie 10-21-00
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