Magog: Unguarded
Magog: Unguarded
Swarming Around... cats living with dogs... total chaos.

Friday, May 23, 2003

Don't look now, but your paycheck may seem a little bigger in a few weeks. Why?

Workers' paychecks will be fatter after July 1 as companies reduce the amount of tax withheld to reflect reduced income tax rates.

That's right, the evil Republican-led Congress and President have once again decided that people should get to keep more of their own money. Scandalous! And it gets worse:

The maximum income tax rate falls from 38.6 percent to 35 percent, and other rates drop from 35 percent to 32 percent, from 30 percent to 28 percent and from 27 percent to 25 percent.
Many married couples will see their standard deduction and their 15 percent tax bracket grow. Parents will be able to claim a $1,000 per child tax credit instead of its current $600, and more taxpayers will avoid paying the alternative minimum tax.
Small businesses can recoup some of their purchases immediately, and expense up to $100,000 until 2005, four times the amount now allowed. Other companies can write off half their investments this year.

Yes, it's bad enough that this country is running all over the place trying to free innocents from oppression and fear, but now they've stooped to this: letting its own citizens keep more of their hard-earned money during a pivotal economic time.

Won't somebody please think of the children?

posted by Max Power | 11:33 AM
on this

contact info
Weblog Commenting by