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Originally Posted by skysidhe
As far as individuals go. This is the tax burden people have to look forward to in a shaky economic climate.
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According to calculations at mytaxburden.org, created by the Tax Foundation, a nonpartisan tax research group based in Washington, D.C.:
n A single person making $50,000 will pay $605 more in taxes.
n A couple making $50,000 with two minor children will pay $2,143 more in taxes.
n A single person making $100,000 will pay $2,105 more in taxes.
n A couple making $100,000 with two minor children will pay $4,010 more in taxes.
n A single person making $250,000 will pay $7,484 more in taxes.
n A couple making $250,000 with two minor children will pay $6,254 more in taxes.
In January, If the person making 50,000 is paying $605 more in taxes, it isn't hard to assume they will be spending less.
What's striking is the couple who make $50,000 will pay $2,105 more in taxes
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What? You have completely lost me, Sky. If mytaxburden.org is putting out propaganda like what you quoted, they're about as nonpartisan as an Ayn Rand novel. Where's John Galt when we need him?
As far as your comment to Spex, I'll agree he was off base, but everyone here is bright enough to Google anything they damn well please. I bet if I searched enough I could find RavingMaoLovingHippyLiberals.org, a non-partisan group dedicated to disseminating honest to God pictures of homeless Moms and kids eating out of garbage cans.
In an attempt to verify your quote I did some Googling for myself (I got lost on mytaxburden.org). I came across my very own non partisan outfit, the taxpolicycenter.org. Here's a few of their jillion statistics, hot off the Internet as of 12/07/10:
Reported tax agreement between Administration and Congressional Republicans - percent change in after tax income:
Lowest quintile 3.7%
Second quintile 4.6 %
Middle quintile 4.4%
Fourth quintile 4.6%
Top quintile 5.2 %
Top 1% 6.3%
Top .1% 7.3%
http://tpcprod.urban.org/numbers/dis...63&DocTypeID=2
All the above percentages are INCREASES in income. As a Liberal, I'll make note of the fact that, as usual, the upper income brackets fare better than the lower ones.
But that's not my point. I'm wondering where the hell everyone gets their data and should we believe any of it? I would like to think that we could trust an outfit that labels itself "non-partisan," but obviously we can't.