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Tax cut analysis misleading

8:04 PM, Jun. 11, 2013  |  Comments
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While the impact of the GOP tax cut will not put $559 in our pocket, we found the June 4 article "Analysis of the GOP tax cut plan released" misleading and deceptive.

While it may have been factually correct, the analysis failed to mention the fact a working adult making $15,000 with modest deductions will most likely pay no state income tax. The "$9 tax-cut" is closer to a tax credit, which is "free, unearned money." While an individual making $100,000 annually will most likely have a state tax liability of $8,000 or more. So who is getting the better deal, something for nothing or a single-digit percent tax reduction?

Likewise, if more than 80 percent of our taxes are paid by the upper income brackets, then providing them with 64 percent of the tax cut distinctively favors the middle and lower brackets. This number is skewed even further if you use President Barack Obama's definition of rich and benchmark from $200,000. We will gladly take our "middle income" tax cut, and prefer that those making a reasonable living control where the money goes.

Our government, especially at the federal level, has no idea how to control a budget or live within their means.

Laura Kuntz

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