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Biggest Problem? Getting You to Join the Solution

By    |   Friday, 30 Jul 2010 10:22 AM

One of my high-school science teachers taught me a lesson that has remained with me to this day.

Once when I was discussing something that I was passionate about, he asked: “Mr. Spetrino, are you a part of the problem or a solution to the problem?”

What he said made me think. Hopefully, I can make you realize an important truth. Your actions — not your words — are what others use to judge you.

As you may (or may not) know, the Bush tax cuts are poised to expire Dec 31.

Senate Bill S.3018 Could Close Strange Tax Loophole

Contrary to what you may have read elsewhere, these tax cuts raised the total revenue for seven straight years and helped the U.S. economy post its lowest unemployment rate in decades.

However, the people who are getting their taxes raised, if the cuts expire, by the highest percentage aren’t the rich, contrary to popular belief.

Let’s do something the media rarely does. Let’s examine the facts

The Bush tax cuts didn’t help only the wealthy. In fact, they cut the lowest tax rate to 10 percent from 15 percent, which is a 33 percent decrease. Every person‘s first $8,350 of taxable income in 2009 was taxed at 10 percent instead of 15 percent.

So, if your taxable income was $8,000 or more, then the Bush tax cuts saved you $400.

I used to listen to folks tell me that the Bush tax cuts were wrong and destroying this country.

However, after I told them that their taxes were lowered by $400 because of the Bush cuts, they became indignant and often told me I was spewing propaganda.

When I suggested they give back the money because they hated the tax cuts — not one person said they would.

Now, if you want to be a solution to the problem, go to renewthetaxcuts.com and sign the online petition from the League of American Voters. Click Here Now

Put it on your Facebook page or Twitter page. Do your part in raising public awareness.

I did my part.

Now, if you care, do your part.

How to Collect $1,196 a Week. Tax FREE!

About the Author: Bill Spetrino
Bill Spetrino is a member of the Moneynews Financial Brain Trust. Click Here to read more of his articles. He is also the editor of the Dividend Machine. Discover more by Clicking Here Now.

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One of my high-school science teachers taught me a lesson that has remained with me to this day. Once when I was discussing something that I was passionate about, he asked: Mr. Spetrino, are you a part of the problem or a solution to the problem? What he said made me...
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2010-22-30
Friday, 30 Jul 2010 10:22 AM
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