Mo Money! Mo Money! Mo Money! Rich get Richer! Hurray!
Thank God, the rich are making more money. After all they are the greatest citizens. The people who really matter. So much better than the poor and middle class. What a bunch of low life losers! What a bunch of schmucks!
We should all be working extra hard to make the millionaires richer. Don't worry the government is doing all it can to help too! Which leads me to the topic of Bush Tax Cuts. Praise Jesus! Thank God for Bush's Tax Cuts! Nothing makes a millionaire happier than a tax cut. Here's a juicy tidbit, which makes me so excited for the rich:
According to the study, taxpayers with incomes greater than $10 million reduced their investment tax bill by an average of about $500,000 in 2003, and their total tax savings, which included the two Bush tax cuts on compensation, nearly doubled, to slightly more than $1 million.
These taxpayers, whose average income was $26 million, paid about the same share of their income in income taxes as those making $200,000 to $500,000 because of the lowered rates on investment income. Americans with annual incomes of $1 million or more reaped 43 percent of all the savings on investment taxes in 2003. The savings for these taxpayers averaged about $41,400 each.
The newspaper's tax cut analysis showed that more than 70 percent of the tax savings on investment income went to the top 2 percent, about 2.6 million taxpayers.
Please don't concern yourself with this. There are more important matters like American Idol! Now that is important!
Tags and Links:
* millionaire * George Bush * Republican * Democrat * conservative * liberal * politics * humor
* funny * comedy * silly * tax cuts * taxes * president * pop culture * American Idol * Middle Class * Congress
We should all be working extra hard to make the millionaires richer. Don't worry the government is doing all it can to help too! Which leads me to the topic of Bush Tax Cuts. Praise Jesus! Thank God for Bush's Tax Cuts! Nothing makes a millionaire happier than a tax cut. Here's a juicy tidbit, which makes me so excited for the rich:
According to the study, taxpayers with incomes greater than $10 million reduced their investment tax bill by an average of about $500,000 in 2003, and their total tax savings, which included the two Bush tax cuts on compensation, nearly doubled, to slightly more than $1 million.
These taxpayers, whose average income was $26 million, paid about the same share of their income in income taxes as those making $200,000 to $500,000 because of the lowered rates on investment income. Americans with annual incomes of $1 million or more reaped 43 percent of all the savings on investment taxes in 2003. The savings for these taxpayers averaged about $41,400 each.
The newspaper's tax cut analysis showed that more than 70 percent of the tax savings on investment income went to the top 2 percent, about 2.6 million taxpayers.
Please don't concern yourself with this. There are more important matters like American Idol! Now that is important!
Tags and Links:
* millionaire * George Bush * Republican * Democrat * conservative * liberal * politics * humor
* funny * comedy * silly * tax cuts * taxes * president * pop culture * American Idol * Middle Class * Congress
posted by Mike K at 4/05/2006
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