Moderator: Nicole Marie
"Even before last year's tax cut was enacted, overall federal tax burdens for middle- and low-income taxpayers were lower, on average, than they had been in most years of the past several decades. This was largely a result of income tax burdens having fallen fairly sharply. The Treasury data show that in 1999, the typical family of four with two children was paying a smaller percentage of its income in federal income taxes than at any time since 1966..."Originally posted by Haggis:
...and that's worse than reductions or tax increases??
I guess you mean reductions to CURRENT recipients since, in as much as I'm aware, Bush's plan most definitely includes reductions to future recipients but no tax increases.Originally posted by Haggis:
"They haven't given me any more control than a garden variety 401k"
and that's worse than reductions or tax increases??
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