> > Using the example of a married couple with two children and income of
> > $40,000, he said his plan would reduce their federal income tax bill
> > to $45 from $1,178, a savings of $1,133.
>
> Okay, so what's the catch?
Ah, I think I've got it: a couple this poor doesn't pay much income tax, only a 1000 bucks, 2 1/2 % of its income. But it probably does pay a decent amount in payroll taxes, none of which will be touched under this proposal. Anyone have a guess how much such a couple would pay in payroll taxes?
Michael