From: curt@ekhadafi.austin.ibm.com (Curt Finch 903 2F021 curt@aixwiz.austin.ibm.com 512-838-2806)
Newsgroups: tx.politics
Subject: Re: Clinton has won...watch your pocket!
Date: 9 Nov 92 19:37:01 GMT
Distribution: tx
Organization: IBM AWD, Austin

exuptr@exu.ericsson.se (Patrick Taylor) writes:
>mccall@mksol.dseg.ti.com (fred j mccall 575-3539) writes:
>>Subject: Re: Clinton has won...watch your pocket!

>>Once again, I'm curious.  Do you make over $200k?  If not, why are you
>>so sure of what you claim is 'going to surely happen'?

>Hey, Fred, isn'tthe $200k figure based on HOUSEHOLD income, not personal?
>Not that *we* would qualify, my wife has her own nubile business.

Clinton said this:

If I'm elected, you will get screwed by the IRS if you make over :
	200k if married filing jointly
		or
	150k if single filing 


But the average 150k filer has 64k in AGI, i.e. he has $86,000 of
deductions.

In other words most people who make this much are running their own
business or something and 150k is SALES, not PROFITS.

Essentially anyway, that's the way I understand it.  The liberal press
never pursued these numbers much and how they add up because it wasn't
in the interest of their candidate for them to do so.

But the Republicans said this over and over on shows like MacNeil/Lehrer
without any disagreement for Democrats who were sitting right there also.

So, if your Adjusted Gross Income on your 1991 tax form was over say
60k, you'll probably get hammered.  Anyone lower than that is SUPPOSED
to get a TAX CUT.  Here is what CLinton has said about that (in order):


   +------------------------------------------------------------------+
   | "I want to make it very clear that this middle class tax cut, in |
   |  my view, is central to any attempt we are going to make to have |
   |  a short term economic strategy and a long term fairness         |
   |  strategy, which is part of getting this country going again."   |
   |   -- Bill Clinton, ABC News Primary Debate                       |
   |      Manchester, New Hampshire, 1/19/92                          |
   +------------------------------------------------------------------+
   |  "But to say that this middle class tax cut... is the center of  |
   |  anybody's economic package is wrong"                            |
   |   -- Bill Clinton, ABC News Democratic Canidates Debate          |
   |     Dallas, Texas, 3/5/92                                        |
   +------------------------------------------------------------------+
   |  "...I would emphasise to you that the press and my opponents    |
   |  always made more of the middle class tax cut than I did."       |
   |    -- Bill Clinton, ABC "Good Morning America," 6/6/92           |
   +------------------------------------------------------------------+
   | "I disagree with Mr. Perot on HOW MUCH we can raise middle class |
   |  taxes."   -- Bill Clinton, 3rd presidential debate              |
   +------------------------------------------------------------------+

hmmmmmmmmmmmm........

	Can you touch your toes?


-- 
--
curt@aixwiz.austin.ibm.com (Curt L. Finch) | AIX NFS/NIS Field Quality 
My views are unrelated to those of IBM     |        Austin, TX
 - Begin means testing of Social Security, Medicare and Farm Subsidies now. -