voodoo strategy

 

 

 

 

 

 

 

Tax Burden

 

 

 

 

 

 

 

 

 

Why Sales Tax is Regressive

 

 

 

 

 

 

 

 

 

Tax Rates for Single Individual 2005

If Taxpayer's Income Is...   Then Estimated Taxes Are...  
Between But Not Over Marginal Tax Rate Base Tax + Rate Of the Amount Over Average Tax Rate
$0 $7,300 10% $0 10% $0
7,300 29,700 15% 730 15% 7,300 10.0%
29,700 71,950 25% 4,090 25% 29,700 13.8%
71,950 150,150 28% 14,652 28% 71,950 20.4%
150,150 326,450 33% 36,548 33% 150,150 24.3%
326,450   35% 94,727 35% 326,450 29.0%

 

 

 

 

 

 

 

 

 

 

Maximum CAPITAL GAINS & INCOME TAX rates

Preferential Treatment for Cap Gains Tax

VooDoo Tactics

 

 

 

 

 

 

 

 

 

 

 

 

The Laffer Curve

 

 

 

 

 

 

 

 

 

 

 

    Reagan 1           Reagan 2    
1980     1982     1987     1988  
Taxable Income $ Rate   Taxable Income $ Rate   Taxable Income $ Rate   Taxable Income $ Rate
0 3,400 0%   0 3,400 0%   0 3,000 11%        
3,400 5,500 14%   3,400 5,500 12%   3,000 28,000 15%   0 29,750 15%
5,500 7,600 16%   5,500 7,600 14%   28,000 45,000 28%   29,750 71,900 28%
7,600 11,900 18%   7,600 11,900 16%   45,000 90,000 35%   71,900 149,250 33%
11,900 16,000 21%   11,900 16,000 19%   90,000 ... 38.5%   149,250 ... 28%
16,000 20,200 24%   16,000 20,200 22%                
20,200 24,600 28%   20,200 24,600 25%                
24,600 29,900 32%   24,600 29,900 29%                
29,900 35,200 37%   29,900 35,200 33%                
35,200 45,800 43%   35,200 45,800 39%                
45,800 60,000 49%   45,800 60,000 44%                
60,000 85,600 54%   60,000 85,600 49%                
85,600 109,400 59%   85,600 ... 50%                
109,400 162,400 64%                        
162,400 215,400 68%                        
215,400 ... 70%
       
 
 
 
 
 
 
 
 
      Bush 1
1989     1990     1991     1992
Taxable Income $ Rate   Taxable Income $ Rate   Taxable Income $ Rate   Taxable Income $ Rate
0 30,950 15%   0 32,450 15%   0 34,000 15%   0 35,800 15%
30,950 74,850 28%   32,450 78,400 28%   34,000 82,150 28%   35,800 86,500 28%
74,850 155,320 33%   78,400 162,770 33%   82,150 ... 31%   86,500 ... 31%
155,320 ... 28%   162,770 ... 31%    
         
           
    Clinton Bush 2  
1993     2000     2001     2005  
Taxable Income $ Rate   Taxable Income $ Rate   Taxable Income $ Rate   Taxable Income $ Rate
                    0 14,600 10%
0 36,900 15%   0 43,850 15%   0 45,200 15%   14,600 59,400 15%
36,900 89,150 28%   43,850 105,950 28%   45,200 109,250 27.5%   59,400 119,950 25%
89,150 140,000 31%   105,950 161,450 31%   109,250 166,500 30.5%   119,950 182,800 28%
140,000 250,000 36%   161,450 288,350 36%   166,500 297,350 35.5%   182,800 326,450 33%
250,000 ... 39.6%   288,350 ... 39.6%   297,350 ... 39.1%   326,450 ... 35%
                     
* Married Individuals Filing Jointly                        

 

 

 

 

 

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