Go here: http://www.heritage.org/Research/Features/TAXcalculator/

Choose between;

Single Filers
Joint Filers
Head of Household Filers

Plug in the numbers and you will get the amount.


You can also go to the site below and see how much of your own money you have been allowed to keep since the Bush tax cuts were enacted.
Kerry wants to repeal them.

http://www.taxpolicycenter.org/TaxModel/tmdb/TMTemplate.cfm?Docid=535&topic2

Note; Look how many people got tax cuts that didn't even pay income taxes!
Under the Bush tax cuts, the rich pay a higher burden of the income taxes.

I know you are trying to make a point here but here's a n interesting point( well interesting to me at least)
Using SIngle - standard deductions

Gross----Taxable---- taxes----savings---- weekly approx
100000--92200------ 20562---1326---------- 25
80000----72200------14962---- 926---------- 17
50000----42200------ 7360 ---- 326---------- 6
40000----32200 ----- 4880 -----126---------- 2.42

2.42 per week doesn't even buy a gallon of milk. Repeal of the tax cuts won't affect that very much.

Going by what i made in my previous job (which was pretty good with or without a college degree)

I will be 'losing' 109 dollars if the tax cuts are repealed. 2.25%

Thats one party I won't be throwing in that year. To balance the budget, I'd do it. (i.e if there were promises of fiscal restraint, I'd be all for it.)

If I made 50,000 a year, I'd be losing 300 bucks, if the tax cuts were repealed. 4.24%

But, if I made 1,000,000 dollars in a year, I'd get an 8.42% increase in my taxes.

Hmm, something doesn't jive with me. The cuts are not about helping peolpe, they are a policy shift to even out the distribution of spending.

On one hand, I agree in less (not elimination but less) progressive taxes, but, at the same time, in a time of economic downturn, defecit spending, and other economic woes is not a time to try and change this.

$0

I know you are trying to make a point here but here's a n interesting point( well interesting to me at least)

So you are using the worst case scenario to make a point.

What is your point?

Why not a family of 4 who earns 60K?

I will be 'losing' 109 dollars if the tax cuts are repealed. 2.25%

And what did you pay in?
What did you earn?

We've all been in the single, standard category which is the crappiest category. When you get married and start a family you start earning the benefits.

$0

What did you earn?
What did you pay in?

Of course most of the members here work part time if at all, are not married, and are not a representation of our society in terms of tax cut effects.

Originally posted by Powerboss
Go here: http://www.heritage.org/Research/Features/TAXcalculator/

Choose between;



You can also go to the site below and see how much of your own money you have been allowed to keep since the Bush tax cuts were enacted.
Kerry wants to repeal them.

[
.


Originally posted by Powerboss


So you are using the worst case scenario to make a point.

What is your point?

Why not a family of 4 who earns 60K?



And what did you pay in?
What did you earn?

We've all been in the single, standard category which is the crappiest category. When you get married and start a family you start earning the benefits.




I went to the site USED MY STATUS - SINGLE (widow-grown children)- PLUGGED IN NUMBERS- That is my point.

I paid in almost 10K. My family making days are over. Ten dollars per week does not seem like all that much to me to lose.

That is my point.

Now for your family of 4 making 60k the numbers are slightly better ( obviously) 20 to 25 dollars per week using standard deductions- BIG whoops.


Now if I was one of those 100k plussers I would probably be arguing hard for retaining the tax cuts . 100k family of 4 is over 40 dollars per week.


But for us small potato guys touting the tax cut smoof is a laugh.

I went to the site USED MY STATUS - SINGLE (widow-grown children)- PLUGGED IN NUMBERS- That is my point.

I paid in almost 10K. My family making days are over. Ten dollars per week does not seem like all that much to me to lose.

That is my point.

Single filers do not get any breaks, that is certain.

OK, so doing some math it appears that you earn 60k a year. Don't you find it almost criminal that the govt is taking 10k of that in just income taxes alone?
I mean, if I were you thats what I would be harping about.
Figure in Soc Security, medicare, state, local, gas, utilities and all the other taxes out there and you should be making a huge fuss about taxes.

Any cut in your taxes is good as it takes money out of Washington where they will no doubt find somewhere to spend it.

Now for your family of 4 making 60k the numbers are slightly better ( obviously) 20 to 25 dollars per week using standard deductions- BIG whoops.

$100 dollars a month means something to people.

Now if I was one of those 100k plussers I would probably be arguing hard for retaining the tax cuts . 100k family of 4 is over 40 dollars per week.

Yes, but they are also paying a disproportionate amount of taxes compared to the lower income.
Its their money. They're entitled to it.

http://bureaucrash.com/uploads/taxslavery_small.gif

Again Bill, I take more issue with social security and medicare than I do with income tax.

They take just as much fo my paycheck, for retirement funds I can't count on. So, I end up having to garner another 10% of my checks for private retirment accounts.

I take more excpetion to those transfer payments than I do to the income tax.

The rates are high, but the Kerry/Bush differences, as announced currently, are minimal.