[lbo-talk] US to host World Press Freedom Day!

Eubulides paraconsistent at comcast.net
Tue Dec 7 20:01:03 PST 2010


On 12/07/2010 06:23 PM, Alan Rudy wrote:


> Irony is dead.

=========

Otoh, cruelty is alive and well:

http://www.nytimes.com/2010/12/08/us/politics/08impact.html

In fact, the only groups likely to face a tax increase are those near the bottom of the income scale — individuals who make less than $20,000 and families with earnings below $40,000.

[snip]

Although the $120 billion payroll tax reduction offers nearly twice the tax savings of the credit it replaces, it will nonetheless lead to higher tax bills for individuals with incomes below $20,000 and families that make less than $40,000. That is because their payroll tax savings are less than the $400 or $800 they will lose from the Making Work Pay credit.



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