She says tonight that we will go back to the tax structure under Bill Clinton. I am married with four kids and make $85,000 a year. I went back and looked at a 1999 1040 and compared it to a 2007 1040.
$6721 in federal taxes in 2007 and I get $4000 in child tax credit. I end up paying $2721.
$8411 in federal taxes in 1999 and I get $2000 in child tax credit. I end up paying $6411.
I used the 2007 standard deduction and individual deductions for both calculations.
$3690 means I can no longer go on vacation. Thanks Hillary for helping a RICH person like myself out.
$6721 in federal taxes in 2007 and I get $4000 in child tax credit. I end up paying $2721.
$8411 in federal taxes in 1999 and I get $2000 in child tax credit. I end up paying $6411.
I used the 2007 standard deduction and individual deductions for both calculations.
$3690 means I can no longer go on vacation. Thanks Hillary for helping a RICH person like myself out.