12/11/10

Could US Senator John Kerry charge every US child $12,000 to vote himself about $500,036 in Tax Cuts over two years?

If John Kerry makes about $5.5 million per year, (2004)
and could save about $250,018 per year in taxes by voting for Obama's Tax Deal,
could Senator Kerry vote himself about $500,036 over two years?


…………………............…………Tax Cuts Extended…………….Tax Cuts Expired

Adjusted Gross Income……………$5,500,000…………………$5,500,000?

Tax Liability……………………...…..$1,888,221.................... $2,138,239?

Average Tax Rate………………………..33.80%......................... 38.28%?

$2,138,239 – $1,888,221 = about $250,018 x 2 years = about $500,036?

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Tax Calculator

Tax Plan: Tax Cuts Extended vs. Tax Cuts Expired?
Tax Year: 2011?
AMT Patch not in effect?

$900,000,000,000 / 75,000,000 Kids = $12,000 per American Child?

5 comments:

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