Although this doesnʼt tell the whole story, it is a snapshot of a comparison between Clinton and Bush on taxes. Who knows if either the candidates revert back to the oppressive taxation of the Clinton years, but we might. That canʼt be good for the economy.
FYI
Taxes under Clinton 1999 Taxes under Bush 2008
Single making 30K - tax $8,400 Single making 30K - tax $4,500
Single making 50K - tax $14,000 Single making 50K - tax $12,500
Single making 75K - tax $23,250 Single making 75K - tax $18,750
Married making 60K - tax $16,800 Married making 60K- tax $9,000
Married making 75K - tax $21,000 Married making 75K - tax $18,750
Married making 125K - tax $38,750 Married making 125K - tax $31,250
Ref:
The Tax Foundation - U.S. Federal Individual Income Tax Rates History, 1913-2008
If you want to know just how effective the mainstream media is, it is amazing how many people that fall into the categories above think Bush is screwing them and Bill Clinton was the greatest President ever. If any democrat is elected, ALL of them say they will repeal the Bush tax cuts and a good portion of the people that fall into the categories above can't wait for it to happen. This is like the movie The Sting with Paul Newman; you scam somebody out of some money and they don't even know what happened
=
Although this doesnʼt tell the whole story, it is a snapshot of a comparison between Clinton and Bush on taxes. Who knows if either the candidates revert back to the oppressive taxation of the Clinton years, but we might. That canʼt be good for the economy.