This Just In ...
Kevin Fischer is a veteran broadcaster, the recipient of over 150 major journalism awards from the Milwaukee Press Club, the Wisconsin Associated Press, the Northwest Broadcast News Association, the Wisconsin Bar Association, and others. He has been seen and heard on Milwaukee TV and radio stations for over three decades. A longtime aide to state Senate Republicans in the Wisconsin Legislature, Kevin can be seen offering his views on the news on the public affairs program, "InterCHANGE," on Milwaukee Public Television Channel 10, and heard filling in on Newstalk 1130 WISN. He lives with his wife, Jennifer, and their lovely baby daughter, Kyla Audrey, in Franklin.
The taxpayer's friend: Bubba or Dubya?
So, fellow taxpayers, were you better off under Bill Clinton or George W. Bush?Let’s go to the numbers:
U.S. Federal Individual Income Tax Rates
| Individual Income Taxes Under Presidents Clinton and Bush, 1999 Law and 2008 Law | ||
| For taxpayers who take the standard deduction and have no children | ||
| Taxpayer | Tax under Clinton, 1999 tax law | Tax under Bush, 2008 tax law |
| Single, income of 30,000 | $3,157.50 | $2,756.25 |
| Single, income of 50,000 | $7,262.50 | $6,606.25 |
| Married, income of $50,000 | $5,085.00 | $4,012.50 |
| Married, income of $60,000 | $6,585.00 | $5,512.50 |
| Single, income of $75,000 | $14,262.50 | $12,856.25 |
| Married, income of $75,000 | $9,426.50 | $7,762.50 |
| Single, income of $125,000* | $29,378.50 | $26,472.25 |
| Married, income of $125,000* | $23,426.50 | $19,462.50 |
| *This chart does not take into account the Alternative Minimum Tax | ||
Here’s my source for the above numbers.
Remember, Barack Hussein Obama and Hillary Clinton both want to repeal the Bush tax cuts.
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