Bush/Cheney 1040's prove Rich NOT overtaxed

The boys did good for themselves with the tax cuts

Published on April 16, 2005 By COL Gene In Politics

The 1040's for Bush and Cheney are on the web. Here are the results from their tax returns:

In 2004 Bush had taxable income Line 35 of $784, 219 and paid 26.4% in Federal Income tax. In 2001 Bush before his tax cuts he had taxable income of $811,100 and paid 30.8 % in Federal Income taxes.

The Big winner is Cheney. In 2004, he had taxable income of $1,734,373 and paid 21.3% in Federal Income taxes. In 2001 Cheney had taxable income of $4,356,635 and paid 38% in Federal Income Taxes.

The more you make the less you pay after the Bush tax cuts. The President is in the top 3% and Cheney the top 1% of wage earners . ANYONE THAT BELIEVES THAT PAYING 21% OR 26 % IS TOO HIGH FOR PEOPLE MAKING THIS AMOUNT OF INCOME, HAS LOST THEIR MIND! SO MUCH FOR THE CLAIM THE RICH ARE OVERTXED!

Comments (Page 10)

136

Draginol

on Apr 22, 2006

In the real world you BOTH cut your expenses AND increase REVENUE. Today we have allowed the problem to become so great that NO CUTS ALONE will solve the problem. WE are $600 Billion out of balance and ONLY both cutting expenses and increasing revenue can solve the problem!

What planet are you living on?

If Joe schmoe can't make ends meet, how exactly does he increase revenue? Steal? The government should live within its means.

Getting out of the welfare business would be a good start. I take care of my own family, it's not the federal government's job to take care of the food, clothing and shelter of its citizens. That's the job of charities.

As I've pointed out to you in the past, even if we eliminated the tax cuts, we would still have a deficit. And in all likelyhood, it would depress the economy.

You tax people like me and we'll make sure the money goes away where it won't get taxed. It's just a matter of what that threshold of pain is. I'm already there. I pay 41% of my income to the state and federal government as-is. I also have to pay into medicare money that I'll never get back (2.9%). For a total of about 44% of my income being taken away right away.

And you want me to pay more? Why is it my responsibility to pay more? Because I can afford it? That's specious reasoning. Punishing success is not the solution.

I don't work for the government. The government is supposed to by the people, for the people. Read the federalist papers sometimes. The federal government was supposed to be a super-neighborhood association. The founding fathers would be sickened at the state we're in today. And they would definitely not be arguing for even higher taxes.

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