Berkeley CSUA MOTD:Entry 20972
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2025/07/08 [General] UID:1000 Activity:popular
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2001/4/14 [Reference/Tax] UID:20972 Activity:nil
4/13    That's just like the motd these days. I finally got someone cornered
        in an argument and someone purges it. But since the guy is too lazy
        to figure out our tax code, I think it's my duty to educate him. A
        single person making $100k will pay a little over $31k in state and
        federal combined and not the 39.5% that some people claim. But we
        can see who stands to benefit from this upper class tax cut. Bush
        will get back about $40k from retroactive tax relief while Cheney
        is a whole other story. But I have sympathy for Cheney. He'll need
        that money for future heart surgery so he deserves the millions he
        sits on. Incidentally, the upper bracket relief is almost equivalent
        to the amount of their money that goes towards debt service (a little
        more actually). So instead of dealing with this issue which will
        guarantee future long term tax cuts we're giving a massive short-term
        tax cut mostly aimed at that 39.5% group.