[geoschmo]

Originally posted by rextorres:
Huh!!?

AK

Let's start again.

Bush claims he want to cut taxes for the working class. Well MOST people who work make less than 25k a year. You got that!!

MOST of their taxes are in the form of the payroll tax. Look at your check stub sometime if you don't know what that is - obviously you don't.

Actually Rex payroll tax doesn't show up on your pay stub. What you see there is withholding. The majority of working taxpayers get some portion of that back at the end of the year in the form of a tax refund.

And saying most people that work make less then 25,000 is not technically accurate. According to the IRS statistics for 2002, most people make more then 25,000 a year. Out of 129,444,947 individual income tax returns filed only 42% made less then 25,000 a year.

If you want to throw out those more well off and just look at those under 100,000, the numbers are almost equal with slightly more that made less then 25K. But this doesn't really tell you how well off these people are. When you consider that these are IRS statistics and many married couples file separatly and many teens living at home working part or full time jobs have to file also.

Using U.S. Census Beauro statistics you get a clearer picture. According to them only 29.3% of housholds made less then 25,000, and 59.2% made between 25,000 and 100,000. The median household income is 43,057.