Ref. Mr. Taylor's letter of March 13.
Mr. Taylor did not clarify if his income levels were gross or adjusted gross income. If gross income is $35,000, the standard deduction for 2 is 27,700 leaving an adjusted gross (the amount you pay taxes on) of $7,300 in the 10% tax bracket for a total tax of a whopping $730.
If the $35,000 is adjusted gross, than this figure arrives from a gross of $62,700 ( based on a $27,700 standard deduction)
A 40 hour work week for 52 weeks comes to greater than $30.00 per hour.
Once again the $350,000 example was not defined as either gross or adjusted gross income. If gross, it does not include money donated to charities or other valid deductions.
"Greater Good" is a socialistic term that allows people to take money from the rich to give to the poor. The United States is not Sherwood forest.
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Thomas Wenzel
East side
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