TurboTax Rap
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Showing posts with label taxes. Show all posts
Showing posts with label taxes. Show all posts
Tuesday, April 10, 2007
Tuesday, February 06, 2007
Damn. I'd like to move up to that tax bracket.
From the Bushs' 2005 tax return:
gross income . . . $ 738,880
taxes paid . . . . . . . 187,768
That's an effective tax rate of about 25%, which seems fair. The rich ought to pay higher taxes than you and me. The rich ought to pay more than I do, at any rate.
From the Cheneys' 2005 tax return:
gross income . . . $ 8,824,762
taxes paid . . . . . . . . . 529,636
That's an effective tax rate of 6%.
Hunh?! My effective tax rate was almost twice that. Time to bring back those old tax brackets. I'm thinking the years 1936-1941 look good. An 80% marginal tax rate on anything over $5 million would transfer another $3-ish million from the Cheney coffers to the Federal coffers.
Bonus question: Did you notice who checked the yes-I-want-$3-of-my-money-to-go-to-the-Presidential-Election-Campaign-fund boxes?
gross income . . . $ 738,880
taxes paid . . . . . . . 187,768
That's an effective tax rate of about 25%, which seems fair. The rich ought to pay higher taxes than you and me. The rich ought to pay more than I do, at any rate.
From the Cheneys' 2005 tax return:
gross income . . . $ 8,824,762
taxes paid . . . . . . . . . 529,636
That's an effective tax rate of 6%.
Hunh?! My effective tax rate was almost twice that. Time to bring back those old tax brackets. I'm thinking the years 1936-1941 look good. An 80% marginal tax rate on anything over $5 million would transfer another $3-ish million from the Cheney coffers to the Federal coffers.
Bonus question: Did you notice who checked the yes-I-want-$3-of-my-money-to-go-to-the-Presidential-Election-Campaign-fund boxes?
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