According to President George W. Bush, during his State of the union address, a family of four making $40,000, who now pay $1100ish dollars, would under his package, pay over $1000 less...something like $45. So that's not quite zero.
I guess I should have said "adjusted gross income."
I also may have been incorrect in assuming that President Bush was NOT being disingenous about his numbers...you know "fuzzy math," either intentionally or innocently misinformed.
a family of four making $40,000, who now pay $1100ish dollars, would under his package, pay over $1000 less..
You're confusing "making" with taxable.
The tax liability of a married family filing jointly, with a taxable income of $40,000 (after per child credits) is $5,404.00 if you're single it's $7,153.00...(32+% MORE) it's there in the tax tables for all to see.
Before your tax liability can be only $1100.00 your -taxable income- would have to be no more than $11,000.00. Someone earning $40,000 dollars gross, paying only $1100.00 in taxes would have the luxury of 3/4 of their total income ($30,000.00) as write offs.....