individual tax rates down to 10% for the lowest wage earners.
capital gains down to 5% and 10% for individuals
personal exemptions for low earners WAY up in the last 6 years (that is, the poor pay ZERO taxes, and if you have kids, you get FREE money given back to you)
ynot is correct..the poor (family of four earning under $25,000) would pay ZERO in federal income tax. sales tax, SE tax, gas tax, etc may still apply.
but on their 1040 return, trust me, they pay ZERO, and they get back part of YOUR money that you paid in.
sweet that's the way its suppose to work...we take care of the poor. Oh wait are the wealthy and rich also helping the poor in this way or is it just the (declining) middle class?
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