Quote:
Originally Posted by deegem
I have a friend who is an adamant republican but I feel that she is misinformed but I can't find the proof anywhere. I understand that the Democrats want to raise taxes for the "wealthy" while maintaining or lowering taxes for those in the middle and lower classes. But could anyone shed light on how much a married couple or individual must earn before they are considered "wealthy". I need hard facts because my friend believes her taxes will go up, but i doubt that but i can't seem to find the proof anywhere. She earns around 48000 a year and her husband earns probably around 40000. help please! thanks, deegem
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Generally speaking, when politicians use the phrase "wealthy" they are referring to those with taxable incomes above $250,000 (I believe this corresponds wtih the top 5% of income earners).
This is was the target bracket and prime beneficiaries of the vast majority of Bush's recent tax cuts.
11-15-2006
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