Ladies Logic

Friday, October 06, 2006

Nothing is certain exept....

Here is one thing that Amy Klobuchar, Patty Wetterling, Coleen Rowley and the rest of the ladies in the DFL will NOT tell you this year.

"The IRS recently released official tax statistics by income group for the 2004 tax year, and the new data show that despite what some critics of recent tax policy have suggested, all income groups have witnessed their effective federal income tax rates fall, including lower- and middle-income taxpayers." (emphasis mine)

Let me repeat that - slowly for those of you who can't quite grasp the fact...A-L-L income groups have witnessed their effective federal income tax rates fall as a result of the Bush tax cuts. Not just the "rich"...A-L-L! Let that sink in...A-L-L income groups. The group with the highest percentage in decrease? The top 1%, top 5%.....nope - the group with the highest percentage decrease in their effective tax rate are those who make $20,000 to $25,000 a year. The poverty line is $18,000 a year folks - just for reference.

So the next time a Democratic candidate tells you that the rich got the lions share of the tax relief and that their tax increases will only affect "the rich", ask them if they think that someone making $25,000 a year is rich and then point them to this article.

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