O.K. Middle Class - Time for You to Decide!

[deminflorida]

Current U.S. Individual Income Tax Rates (Federal 2002)

http://www.bankrate.com/brm/itax/2002taxrates.asp

MARRIED INDIVIDUALS FILING JOINTLY
$12,001-$46,700 pays 15% of taxable income
$46,701 - $112,850 pays 27% of taxable income

Dean’s Plan: Repeal the Bush Tax Cuts and Reform the Tax Code.
From: www.deanforamerica.com

“The first step in reversing this agenda, balancing the budget and putting the US fiscal house in order must be the repeal of the Bush tax cuts, and returning the tax code to rates that were in effect during the prosperous years of the Clinton-Gore administration.”

http://www.deanforamerica.com

Here's what you get under Dean:

Individual Income Tax Rates (Federal 1998)

http://www.geocities.com/wallstreet/2827/raterate.html

MARRIED INDIVIDUALS FILING JOINTLY

$1.00 - $42,350 payed 15% of taxable income
$42,350 – $102,300 payed 28% of taxable income

And now Clark's Plan:

“Under Wes Clark's Families First Tax Reform, a family of four making up to $50,000 will pay no federal income taxes and all taxpaying families with children making up to $100,000 will get a tax cut. The Families First Tax Reform will shift the tax burden from those who are struggling to get by to those with the most to spare. The bottom line: our tax system is broken, Clark said, and I want to fix it. The Republicans are always talking about family values. It's time in America that we started valuing families. It's time we put America's families first again."

"Families like Lance and Leah Adams from Jaffrey, New Hampshire, see the benefits of this plan. Lance is a construction site supervisor and earns $42,000 per year. Leah develops a website for a non-profit organization. She makes $3,500 per year - just enough to pay for day care for their two children, Sophie and Owen. Clark's tax reform plan is designed for families like the Adams. Under his plan, they won't pay any federal income tax. Instead, they'll receive a check from the U.S. government, for a total tax break of $1,500."

" Relief for working families will be fully paid for by closing corporate loopholes and by a five percentage point rate increase on income greater than $1 million per year. The rate increase will only affect the top 0.1 percent of taxpayers. 99.9 percent of taxpayers will not pay a dime more."

BOTTOM LINE - CLARK IS GOING TO TAKE BACK BUSH'S GIFTS AND PUT THEM WHERE THEY BELONG, WITH THE MIDDLE CLASS!

http://www.clark04.com/story/65/

[sandnsea]

1. You missed a bunch

You missed the 10% tax bracket, the marriage penalty and the increased child tax credit. The biggest reason I prefer Clark's is because I trust him to do what he says and he managed to present a plan without beating the hell out of those Washington insider Democrats.

[deminflorida]

3. It's good all way around, just didn't want to complicate it!

n/t

[BeyondGeography]

2. You're right

but you're about to be flamed by a bunch of single Dean supporters who object to breeders.

[BootinUp]

5. LOL! n/t

[JVS]

4. Are these two plans revenue equivalent?