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   Twenty years after the fall of the Berlin Wall, Gnter Grass still thinks reunification was a bad idea.
 Forty years of writing from Taylor Branch, James Fallows, Katherine Boo, Marjorie Williams, Joshua Micah Marshall, and more.
 With help from Washington, the for-profit college industry is loading up millions of low-income students with debt they'll never pay off.
 The best recent memoir from republican Washington is a hoax. That should tell you something.
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January 30, 2003
By: $45 IN TAXES FOR A FAMILY OF FOUR EARNING $40,000?....Jesse says today:
The thing is, Bush's claim is probably true (or pretty close to true). A family of four with an income of $40,000 only pays about $1200 in federal income taxes, and part of Bush's plan is an increase of $400 in the child tax credit and removal of the marriage penalty. I don't know for sure if this would reduce their tax liability to $45, but it comes pretty darn close. They still have to pay sales taxes and property taxes and excise taxes, of course, but in terms of federal income tax, Bush's claim is pretty much correct. (Oh, and if you're single and have no kids well, you're pretty much out of luck. But that's what we get for electing a "family values" president: if you have no family, you get no value. Tough luck.) —Kevin Drum 9:09 AM Permalink | Trackbacks | Comments (0)Comments
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