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What Do You Think of These Outcomes from the Republican’s Fiscal Policy?

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Montagnard Donating Member (496 posts) Send PM | Profile | Ignore Fri Apr-21-06 04:01 PM
Original message
What Do You Think of These Outcomes from the Republican’s Fiscal Policy?
Edited on Fri Apr-21-06 04:21 PM by Montagnard
A.) Bush’s tax cuts give a 2-child family earning $1 million and extra $86,722 – or Harvard tution, room and board, and an iMac-G5 for both kids.

B.) Bush’s tax cuts give a 2-child family earning $50,000 gets $2,050or 1/5 the cost of public college for one kid.


(Mother Jones May/June 2006: page 24-25)
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ThomCat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-21-06 04:08 PM
Response to Original message
1. I think that's exactly what the neocon's want.
I think they want middle class families pushed out of college so that we go back in history.

They want college to be a credential for rich kids, one more layer of authority and privilage that the rabble can't get.
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gizmo1979 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-21-06 04:41 PM
Response to Reply #1
4. Have you seen the cost of college lately?
It's already to the point of almost being for the rich.17,000 a year and my kid lives at home over 22,000 if you live on campus.If you make more than 60,000 a year you get 1200 bucks worth of student aid.I really don't know how I'm paying for grad school.
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ThomCat Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-21-06 04:46 PM
Response to Reply #4
6. My sister is in college right now.
She's going to a public school and yet it's still outrageously expensive.

I'll be paying off my own student loans for the rest of my life.
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gizmo1979 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-21-06 11:31 PM
Response to Reply #6
9. It's f@#@ing nuts!
There has to be a better way.
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ClintonTyree Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-21-06 04:20 PM
Response to Original message
2. $86,722 wouldn't pay for 2 years at Harvard........
no to belittle your point at all, it's criminal what Bush is doing to the middle class and poor. I think Harvard is around $45,000 a year now, that's tuition, room, board, fees. Tack on books and spending money......... :eyes:
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Montagnard Donating Member (496 posts) Send PM | Profile | Ignore Fri Apr-21-06 04:26 PM
Response to Reply #2
3. All I could find quick was 2004
Edited on Fri Apr-21-06 04:28 PM by Montagnard
This year, Harvard's tuition is $26,066 and the total cost of attendance, including tuition, room, board, and other charges is $37,928

http://www.news.harvard.edu/gazette/daily/0402/28-finaid.html


Found 05

Tuition is set at $28,752. Overall charges will total $41,675, an increase of 4.5 percent, including room rate, $5,148; board, $4,430; health services fee, $1,370; and student services fee, $1,975.

http://www.news.harvard.edu/gazette/2005/03.24/03-tuition.html
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SlipperySlope Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-21-06 04:42 PM
Response to Original message
5. More of the data...
Edited on Fri Apr-21-06 04:59 PM by SlipperySlope
A) 2-child family earning $1 million pays $250,407 in taxes (25.04% of income)

B) 2-child family earning $50,000 pays $1,267 in taxes (2.53% of income)

Assuming that I'm reading the table correctly.
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denverbill Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-21-06 05:37 PM
Response to Reply #5
7. Yeah, those lucky ducks that make $50,000.
I'd far rather make $50,000 a year so I only paid 2.53% of my income in taxes than make $1,000,000 and pay 25% </sarcasm>


Let's implement a 'fair' tax so that those lucky ducks paying only 2.53% of their income or less have to pay their 'fair' share, which most experts put at 23%. That way, those people already struggling to make ends meet would be thrown into abject poverty, and the wealthy would finally get a decent share of the national income they so richly deserve.
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SammyWinstonJack Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-21-06 05:39 PM
Response to Reply #7
8. !
:evilgrin:
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