Should a Person Making Over $600,000 a Year Pay More Than 18% in income taxes?

[Doove]

Originally Posted by JD Barleycorn

http://www.cnn.com/2008/POLITICS/04/..._s=PM:POLITICS
here is something to get you started Bush made $719,000 in 2007, paid 30.8% in taxes,

From the CNN article you link to:

"President and Mrs. George W. Bush reported taxable income of $719, 274 for the tax year 2007 and paid $221,635 in federal income taxes, the White House said Friday."

Emphasis mine.

[WTF]

Originally Posted by Doove

From the CNN article you link to:

"President and Mrs. George W. Bush reported taxable income of $719, 274 for the tax year 2007 and paid $221,635 in federal income taxes, the White House said Friday."

Emphasis mine.

JD does not understand the difference between gross income and taxable income. Or he thinks we don't !