Thursday, August 26, 2004
Tom Herman has an interesting report in today’s Wall Street Journal of a Deloitte & Touche comparison of how 5 hypothetical households would fare under the Bush and Kerry tax plans:
Taxpayer…..Income…..Bush Law…..Kerry Plan…..Difference
Married…..$190,000…….$30,500…….$30,500…………..0
Single…….$275,000…….$59,800…….$62,300…….$2,500
Married…..$500,000…..$111,350…..$118,450……$7,100
Married…..$750,000…..$167,250…..$190,450….$23,200
Married..$1,000,000…..$215,250…..$250,100….$34,850



