Your figures are in error. The taxes for both Clinton and Bush were calculated using the maximum rate for that selected income. For instance the Clinton 1999 tax rate on 30K was 28%, which is what they used to get the 8400 figure. However taxes are not calculated that way. The first 25K of income would have been 2013 tax brackets at the lower 15% bracket first, thus yielding a much lower figure than what you show.I am not arguing that Bush doesn't have lower taxes. He certainly does. Of course he obtained his lower tax brackets by using deficit spending and increasing the national debt. Add back in the interest payments we'll be making and I bet Bush actually cost taxpayers far more than Clinton ever did.
15 comments:
Mr. Snow State - no need to be afraid - wear less and get some sun - your girlfriend will reward you
I wish i was there now soaking some sun and drinking a nice cold brew! Have fun bro!
DUDE, where in florida. shoot me a call.
5/3/13 and it is SNOWING in the Twin Cities. Yesterday, Rochester got 12"-18" of the white garbage.
Stay frosty and enjoy some cigars and mojitos on the beach. The "Bond" looks good on you, Cappy.
G
St. Petersburg. Nice. I live nearby, tons of good restaurants are just a short cab ride away.
Which beach is that?
Francois
Oh you poor dear!
Don't forget the sunscreen for the tops of your feet. Burning those while wearing sandals makes the rest of the trip miserable.
Your figures are in error. The taxes for both Clinton and Bush were calculated using the maximum rate for that selected income. For instance the Clinton 1999 tax rate on 30K was 28%, which is what they used to get the 8400 figure. However taxes are not calculated that way. The first 25K of income would have been 2013 tax brackets at the lower 15% bracket first, thus yielding a much lower figure than what you show.I am not arguing that Bush doesn't have lower taxes. He certainly does. Of course he obtained his lower tax brackets by using deficit spending and increasing the national debt. Add back in the interest payments we'll be making and I bet Bush actually cost taxpayers far more than Clinton ever did.
Damn, you look miserable. Hang in there Captain. I know it's tough, with the gorgeous weather and all the pretty young things with their sun tans.
Styling!
Tell me you packed the white suit.
"Of course he obtained his lower tax brackets by using deficit spending and increasing the national debt."
Clinton also increased the debt. See On-Budget and intragovernmental holdings
You're a beer swilling, slacking cigarist. If this is "enjoying the Decline" we need more of it.
Lookin' smooth, Cap'n!
That hat makes you look like Hannibel Lector when he is also in the Bahamas at the end of "Silence of the Lambs".
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