[OM] Re: [OT] US taxes, was: [ot] alternative fuels

[Chuck Norcutt]

Subsidy?  Why it's a God given right!  :-)

ps:  I don't know if you actually read those tax tables but if Chris is 
actually paying 28% on all his taxable earnings he's not nearly so poor 
as he lets on.  If you're a "head of household" the 28% rate doesn't 
start until you get past USD 110,100.  You would need a taxable income 
(after deductions) of USD 340,000 to pay an overall income tax rate of 
28%.  Should be enough to buy a new car and even a 40/2  :-)

Chuck Norcutt

Andrew Fildes wrote:
> Wow - now that's what I call a middle class welfare subsidy!
> Andrew Fildes
> afildes@xxxxxxxxxxxxx
> 
> 
> 
> On 13/04/2007, at 9:31 AM, Chuck Norcutt wrote:
> 
>>  Probably the largest singe deduction for most people
>> is the home mortgage interest deduction.

==============================================
List usage info:     http://www.zuikoholic.com
List nannies:        olympusadmin@xxxxxxxxxx
==============================================