Heath's Blog

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Taxes Yesterday, Today, and Tomorrow

The tax numbers below are interesting to me.  In this business of real estate we play with numbers all the time.  While the media says life under the current political leaders is terrible, the numbers make me look back in time, and scan the future for what to expect.

The data comes from The Tax Foundation.  There are quoted endorsements from prominent people, dare I say testimonials in webspeak, on the foundation's home page.  There is an interesting menu link on its homepage that is for Presidential Candidate Tax Plan Comparison

Taxes under Clinton 1999                   Taxes under Bush 2008
Single making 30K - tax $8,400             Single making 30K - tax $4,500
Single making 50K - tax $14,000          Single making 50K - tax $12,500
Single making 75K - tax $23,250           Single making 75K - tax $18,750
Married making 60K - tax $16,800       Married making 60K- tax $9,000
Married making 75K - tax $21,000       Married making 75K - tax $18,750
Married making 125K - tax $38,750     Married making 125K - tax $31,250

(from taxfoundation.org )

Once again, those who control the reporting, control the minds of those who don't want to, can't, won't, are afraid to, look for real data.  Real estate isn't the only place that you find the 5 Monkey Principle at work.

Heath Coker, Associate Broker
Robert Paul Properties
www.CapeGroup.com / capegroup@capegroup.com
508-274-5613  Licensed in MA
Its a beautiful day on Cape Cod!
@CapeGroup  Skype: heath.coker

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James Heath Coker | Create Your Badge

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