Sunday, May 21, 2006

Hastert = IDIOT!!!

From Friday's Progress Report:

CONGRESS -- HASTERT THINKS AMERICA'S MIDDLE CLASS DOESN'T PAY TAXES: In a late House session on Wednesday night, House Speaker Dennis Hastert (R-IL) claimed that "if you earn $40,000 a year and have a family of two children, you don't pay any taxes. So you probably, if you don't pay any taxes, you are not going to get a very big tax cut." Hastert's attempt to justify conservatives' huge tax cuts for the rich doesn't hold water. While someone with a $40,000 salary and a family of four paid little or no federal income taxes last year, Hastert ignored the other taxes paid by all Americans -- payroll taxes, gas taxes, sales taxes, etc. For example, a family whose entire $40,000 in salary came from wages directly paid $3,060 (7.65 percent of $40,000) in federal payroll taxes last year. (Note: The employer also pays an equal amount on behalf of the family, but most economists "believe that the portion of the payroll tax paid by the employer is borne by the worker.") Hastert, who earns a hefty $212,010 a year salary, doesn't seem to understand that families across America are facing higher health care costs, mortgage payments, and gas prices. And yes, they also have to pay their taxes.

2 Comments:

Blogger demondoll said...

We are a vanishing breed.

Monday, May 22, 2006 9:34:00 PM  
Blogger Yella said...

What I wanna know, really is HOW he thinks a family of 4 lives on $40,000 a year?!

Tuesday, May 23, 2006 1:56:00 PM  

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