Almost a year ago, one of my site's former frequenters, a lady styling herself Jesurgislac, said that we must be millionnaires, because I stated that we had benefitted personally from the Bush tax cuts of 2001 and 2003. I happened to have an old tax year 2000 Form 1040 laying around — the last tax year before the tax cuts — and I ran our 2006 income through the 2000 Form 1040. I discovered that we saved $5,703 in income taxes for tax year 2006.
Well, we did our taxes for 2007 this weekend, and, once again, I ran the numbers through a year 2000 Form 1040 — and thanks to President Bush and the Republican-led 107th and 109th Congresses, the Pico family saved $7,202 in federal income taxes. No, I’m not going to tell you our exact income, other than to say it’s slightly over $100,000 but less than the amount which would trigger the Alternative Minimum Tax.
So, who are we? My wife is a registered nurse, working on a pediatric wing in a hospital, and I’m a concrete plant manager. I use a shovel and I run a front-end loader and a forklift, I grease the machinery, I get my hands dirty, I pump cement trailers and on Friday I had to repair a mixer truck engine; a thoroughly blue-collar job. We’re not “the wealthy” that the Democrats claim are the beneficiaries of the “Bush tax cuts for the rich,” but ordinary people who work for a living.
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Cross-posted on my site, Common Sense Political Thought.