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10.11.2004

John Kerry is lying about his tax increases

John Kerry's "dramatic" pledge that he would not raise taxes on Americans who make below $200, 000 on Friday night, is a blatant lie. On his website is the following statements:
  • Restore the top two tax rates to their levels under President Clinton.

  • Restore the capital gains and dividend rates for families making over $200,000 on income earned above $200,000 to their levels under President Clinton.
http://www.johnkerry.com/pressroom/releases/pr_2004_0407b.html
Now, let's take a look at what these policies actually mean. www.blogsforbush.com reports the following facts:

The top rate is currently 35% for taxable income above:

    $311,950 if you're Single
    $311,950 if you're Married and Filing Jointly
    $155,975 if you're Married and Filing Separately
    $311,950 if you're a Head of Household

The second highest rate is currently 33% for taxable income above:

    $143,500 if you're Single
    $174,700 if you'43 Married and Filing Jointly
    $ 87,350 if you're Married and Filing Separately
    $159,100 if you're a Head of Household
The rates in 2000 (Clinton's last year in office), that Kerry's website says he will reinstate, were as follows

The top rate was 39.6% for taxable income above:

    $288,350 if you're Single, Married Filing Joint or Head of Household

The second highest rate was 36% on taxable income above:

    $132,600 if you're Single
    $161,450 if you're Married Filing Jointly
    $ 80,725 if you're Married and Filing Separately
    $147,050 if you're a Head of Household

So John Kerry (and his policy advisors) are either lying to you directly, or they are proposing a tax policy that they themselves don't understand. Personally, I think his handlers are too smart to propose something that they haven't read thoroughly, so it is clear to me that they are simply lying for votes.

Either way, this is more proof that this man is simply unfit to be the President of the United States.

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