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[David Minton <dminton AT mindspring.com>]

On 8/3/04 3:15 PM, "Alan MacHett" <machett AT ibiblio.org> wrote:

> In reference to Tony Spencer's message:
>> quoting Shea:
>>> record rates and his sole response was to give a tax break
>>> which most people now agree had little if any impact and
>>> benefited the top 2% of income earners far more than the
>>> middle class he claimed it was supposed to help.
>> 
>> I'm middle class.  I'm nowhere near the top 2% of income earners
>> and the tax cut saved me about $1,600 last year.
>> 
> 
> Tax cut?  There was a tax cut?  //scratches head//
> 
> I'd better go look at my pay stubs again...

And remember, it was a cut on Income Tax, and not Payroll Tax. Low and
middle income earners tend to pay far more in Payroll Tax than Income Tax.

David