Friday, October 15, 2004

During the 2nd debate, I remember John Kerry looking into the camera and pledging not to raise taxes in response to a question from the ranks of the undecided on his promise to raise taxes only on those making more than $200,000 per year. One could even say it was seared – seared- into my memory.

I recently visited Senator Kerry’s website and read his pledge to “Restore the top two tax brackets to their levels under President Clinton.” (http://www.johnkerry.com/issues/economy/fiscal_responsibility.html) As I was in neither bracket in 2000, I was curious what those income thresholds were.

I went to the IRS’s website and found the tax table for 2000. A married couple filing jointly would have been in the 2nd highest tax bracket with an income of $161,450. That is a far cry from $200,000 for the vast majority of Americans. (Obviously for someone with more than half a billion dollars it is inconsequential.)

While inflation has been fairly tame, I decided to give the Presidential challenger the benefit of the doubt and check the 2nd highest tax bracket threshold for 2003 in the event the inflation was, in fact, out of control and the threshold had increased to the level Senator Kerry promises to use. The threshold was $174,600.

No doubt, John Kerry looked into the face of America and told a whopper. Who checks these things for him? Dan Rather and CBS?

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