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What the Bush tax cuts have saved me

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We're not the wealthy, but working-class Americans -- and we have benefitted from the "Bush tax cuts for the wealthy."

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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.

 

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Editor of Common Sense Political Thought, mostly Republican (but not always), mostly conservative (but again, not always), always interesting.

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At what price? by daveys on Tuesday, Feb 12, 2008 at 11:19:43 AM
What protections have I lost? by Dana Pico on Tuesday, Feb 12, 2008 at 4:25:01 PM
Go, marry him by Mark Sashine on Tuesday, Feb 12, 2008 at 12:19:48 PM
Silly stuff by Dana Pico on Tuesday, Feb 12, 2008 at 4:29:15 PM
That slightly over $100,000/yr. income... by John Sanchez Jr. on Tuesday, Feb 12, 2008 at 1:51:19 PM
Top 10%, actually by Dana Pico on Tuesday, Feb 12, 2008 at 4:36:47 PM
If we take the condition of the economy as a guide... by John Sanchez Jr. on Wednesday, Feb 13, 2008 at 8:32:54 AM
Mr. Pico by Mark Sashine on Tuesday, Feb 12, 2008 at 6:24:27 PM
Victims by jason on Friday, Feb 15, 2008 at 4:19:35 AM