Friday, August 19, 2011

Friday August 19, 2011...Interesting tax facts

A great site to review the individual tax structure from 1945 to 2011

 So the Billionaire reduced his taxes from 90% to 35% and increased his net pay by 650% from $100 million  to $650 million and the Millionaire reduced his taxes from 66.4% to 32.7% and increased his net pay by 103% from $336 thousand to $673 thousand, while the person earning $100,000.00 reduced his taxes from 28% to 22% and increased his net pay by 8.3% from $72,000.00 to $78,000.00.

It's not hard to see who benefited the most from the changes in the tax laws and who has the most money to influence the lawmakers and the media.  They cry crocodile tears while they pick our bones and take away our earned benefits.

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