How much wealth did GWB tax rates add to your bottom line?

Mine was 3-5% savings
I avg about 75k
10 years
4%
75k

Thats 30,000 I have put back into the economy that under Clinton's rate the federal govt has
and not me

And the left is for the working man?
think about it

 

None.

He never did squat to AMT.

 

If you paid any taxes
you where allowed to keep more wealth
any taxes
one dime

 

If one takes only the standard deduction, is single and has no other income:

A person making 75K would pay:
$13,855 with the Bush tax cuts and
$12,500 without said cuts.

For those keeping score at home, that's a maximum difference of $1,355 (About 1.8%). In almost every case, the actual amount would be considerably less. In addition, the Obama payroll tax cut would generate savings of about $1,500, so if the Bush tax cuts expired and they extended the payroll tax cut you'd be ahead.

 

really?
Tax Brackets (Federal Income Tax Rates) 2000 through 2011
I will have to call my accountant to see if what you say is true
but according to his link, what I recall owing every year (like last year) fits this link
and to be clear this is what i used to calculate the difference
So instead it is 15,000
according to you and this link is not correct

75,000 75,050 17,939 15,307 18,818 16,438
2000
75,000 75,050 14,938 11,119 15,129 13,604
2010
I do not know why this did not stay with this thread the first time
http://www.irs.gov/pub/irs-pdf/i1040tt.pdf
http://www.irs.gov/pub/irs-prior/i1040tt--2000.pdf

 

Yes, really.

Marginal tax rates. Marginal tax rates. You can save the call to your accountant and plug the info into this tax calculator from the Tax Foundation (which offers a host of scenarios - and is absurdly useful)

Bush Tax Cuts Calculator

 

http://www.irs.gov/pub/irs-prior/i1040tt--2000.pdf
http://www.irs.gov/pub/irs-pdf/i1040tt.pdf

I i pay taxes on a 1040 like most people in this country do
I cannot make this any simpler than this

 

So what was your taxable income? hint: It's not 75K. And the tables don't include payroll taxes, which have been cut.

That link I provided does all the math for you.

 

did you miss the part that said my taxable income?
well I guess I assumed every-one Knew what i meant by the 75K
and except for losses from 08 on stocks, the only deduction I have is me

And as far as payroll taxes, Those cuts did not come from GWB

 

You said you average about 75K, and in another thread you said you make 75K. Excuse me for assuming you meant you make about 75K.

Then my above calculation from the tax foundation is accurate.

I know! You got a bigger tax cut from Obama than GWB.