Quote:
Originally Posted by Tom
Tax cuts for the lowest bracket were 50%.
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And that 50% cut saved them a total of $600, because the change from 15% to 10% only applied to the first $12,000 dollars of earnings. The rest of the $45,000 was still taxed at 15%.
That same tax cut saved a millionaire more than $35,500 in the first year; and that does not take into account other savings.
