Hi, Got several coworkers who are looking favorably on Bush presidency tho they voted for Gore in 2000. There is hope with them. they were asking me specifics on the tax cuts proposed by Bush--such as single income, no kids will they get a cut in taxes. Another comment was that the rebate of last year was a loan and not money given back to the person as one person said H&R block said this and took back the rebate on the tax form.
What I need is simple explanation of the tax code as Bush is now proposing. Anybody know where to go or anybody have it simplified form. I don't want the lawyer talking points.
This will help us in helping Bush agenda. Thanks in advance.
What I need is simple explanation of the tax code as Bush is now proposing. Anybody know where to go or anybody have it simplified form. I don't want the lawyer talking points.The tax code, as such, is not being changed. The rates would be lower under Bush's proposal - 10% 15% 25% 28% 33% 35%, effective retroactively to 01/03 - and the marraige "penalty" would be eliminated. Also under this plan, President Bush would increase the Child Tax Credit, end double taxation on dividends, and allow small businesses to increase their expense write-offs.
...single income, no kids will they get a cut in taxes.
Yes, because of the reduction in tax rates. More here.
But hey, if you're proposing a complete overhaul of the tax code, I'm with ya. Let's scrap it and start over.