Tag Archives: tax tables

Posting rules, disagreement, civility, accuracy, insults, hate, Clinton versus Bush taxes

Several days ago I posted an email that was sent to me regarding the tax rates and federal taxes imposed under the presidency of Bill Clinton and George W Bush. I clearly stated that the data came from an email and provided a link to The Tax Foundation. I knew that tax rates have been lower during the presidency of George W Bush and that Democrats are generally known for raising taxes and Republicans for lowering taxes. I posted the email as received and wanted responses. I received a response that is typical of a certain political segment that is known for slinging insults and an agenda of hate. The poster used a derogatory term and therefore the post got deleted. It was ok to disagree with a post on this blog or me. However, it must be done in a civilized manner. I have posted corrected data which still shows a big difference between the taxes paid during the Clinton years versus while George W Bush has been in office. This is one of the many lies about George W Bush that have been told, that he only cuts taxes for the rich. The Republicans try to keep taxes lower for everybody that earns income and thus prevent government from taking more of our money. It belongs to us!

My friends, I urge you to seek the truth. Do real research and go beyond the political rhetoric and lies.

Citizen Wells

Bush versus Clinton corrected tax data, tax tables, George Bush taxes

The email that was sent to me had some math errors, however the message is the same. Your taxes have been lower under the presidency of George Bush. Here are the corrected figures:

The table below presents the correct amount of tax paid by each of the hypothetical taxpayers in the comparison. Note that this comparison does not take into account the Alternative Minimum Tax, and the taxpayers in these examples take the standard deduction and do not have children.

Individual Income Taxes Under Presidents Clinton and Bush, 1999 Law and 2008 Law
For taxpayers who take the standard deduction and have no children
Taxpayer Tax under Clinton, 1999 tax law Tax under Bush, 2008 tax law
Single, income of 30,000 $3,157.50 $2,756.25
Single, income of 50,000 $7,262.50 $6,606.25
Married, income of $50,000 $5,085.00 $4,012.50
Single, income of $75,000 $14,262.50 $12,856.25
Married, income of $75,000 $9,426.50 $7,762.50
Single, income of $125,000* $29,378.50 $26,472.25
Married, income of $125,000* $23,426.50 $19,462.50
*This chart does not take into account the Alternative Minimum Tax

This information was taken from The Tax Foundation site:

http://www.taxfoundation.org/