You Have A Choice

Statement

Status Quo politicians and the media have been trying to convince us that the "Bush Tax Cuts" only provided tax relief for the wealthy. Democrat candidates across the country are telling us that we need to revoke them, and give tax relief to those that really need it, and increase the taxes on businesses and the wealthy.

They don't understand that increased taxes on business only results in higher prices for you and I. Those businesses that are currently hit with federal income tax bills of 30% and higher simply count those taxes as one of their expenses of doing business — part of the cost of their product or service — and pass it along to the consumer. So, regardless of your tax bracket, you are paying hundreds or even thousands of dollars of your income in hidden taxes built into everything you buy.

As for the "Bush Tax Cuts," an individual making $30,000 a year paid $3157.50 (10.%) of their income out in federal income taxes before the "Bush Tax Cuts," and $2756.25 (9.2%) after the "Bush Tax Cuts." Are we to consider that a person making $30,000 a year is wealthy? If you're in that tax bracket, how much did the $401.25 tax cut better your ability to care for yourself and your family's needs?

Before the tax cuts, a single person with an income of $50,000 a year paid $7262.50 (14.5%) in federal income taxes — after the cuts, they paid $6606.25 (13.2%) — a savings of $656.25.

Before the tax cuts, a single person with an income of $75,000 a year paid $14,262.50 (19%) in federal income taxes — after the cuts, they paid $12,856.25 (17.14%) — a savings of $1406.25.

So, the one making $30,000 a year only took home $27,243.75; the one making $50,000 a year only took home $43,393.75; and the one making $75,000 a year only took home $62,143.75… right?

No they didn't.

From those amounts came state income tax, property tax, Social Security and Medicare, federal excise taxes, state and federal fuel taxes… and the list goes on-and-on.

Then, when they went to the store and bought their groceries, household needs, clothing, school supplies, etcetera, they had the hidden taxes built into the prices they paid.

Then, for every $4 gallon of gas they purchased, they paid 96¢ in taxes… the 43.2¢ added at the pump, plus the 10% in taxes that was passed through by the oil companies to the consumer.

People that can put $350,000 or more of their own money into their campaigns to run for office (or to try to buy the office) don't have a clue what we face every day in our lives trying to make ends meet.

It's time to change that by electing someone that does.

The U.S. Census Bureau says that the annual median income of Idahoans in 2007 was $49,184. If you made anywhere close to that amount, your cost of housing took up about 19%, or $9333 for the year (based on the average of the median cost of housing calculated using figures for Canyon, Boise, Adams and Shoshone counties). The U.S. Bureau of Labor Statistics reports a much higher percentage at 34.4%, which would amount to $16,919 a year, or about $1410 a month.

According to those same statistics, about 12.7% goes for food — $6246 a year, or a little over $520 a month.

They calculate transportation at 19%, but that was before $3.66 or more a gallon gasoline. We'll assume the 19% figure, which amounts to $9345 a year, or about $779 a month. Of course, your car payment and insurance is included in that amount.

So, with those things out of the way, what have you got left?

[GRAPH]

Those three big ones — Social Security / Medicare, and federal and state income taxes ate up 32.5% of your income — and we haven't even started talking about sales tax, property tax, and all the others — nor have we even covered other "regular" household expenses!

No wonder Idahoans can't afford health care or a vacation!

And, Congress wants to raise taxes even more so they can give you "free" health care and a slew of other "freebies!"

At $25,000 or $30,000 a year, you might be able to make it if you didn't have to pay out nearly half of it in direct-and-indirect taxes:

[GRAPH]

Oh, but you've got to pay $1640* in state income tax on $25,000 a year, or $2030* on $30,000 — and let's not forget Social Security and Medicare at 7.65% — $1913* on $25,000 and $2295* on $30,000 — or federal income taxes of $3359* on $25,000 or $4109* on $30,000!

The "big 3" cost you $6912 on $25,000 or $8434 on $30,000 — but don't worry — you still have $1563 of your $25,000 or $1736 of your $30,000 left over for the year to live on!

But, you paid less than the guy making the median income of $48,184… it only cost you 27.7% of your $25,000 or 28% of your $30,000 instead of the 32.5% of his income that he paid!

By the way, those figures are before the $683 Billion tax increase that Congress approved this past spring that will be kicked in over the next five years, and before they repeal the "Bush Tax Cuts" of 2001.

It won't stop until the American people demand that it stops by electing people that will fight for less government, lower taxes, and a Balanced Budget.

It won't stop if people keep electing folks that promise more "free" government services and programs or that say that they're going to "sock it to" big business and make them pay their "fair share" (as if 30 to 40-plus percent in federal income taxes that we all pay in the prices of goods and services isn't enough).

Enough is enough! It truly is time for change! Elect Kent Marmon
to go to Washington to fight for us!

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