Word: kasprzak
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...contrast, TIME estimates that 100 million wage earners would profit from elimination of the double tax on Social Security and Medicare. And some 90% of those people take home less than $100,000 a year. People like Michael Kasprzak and Betty Williams of Seattle...
...Kasprzak, 50, who grew up in the Rocky Mountains, is the director of a child-care center and preschool. Williams, 45, a Tennessee native, teaches family and child studies at Seattle Central Community College and does consulting work. They have an 11-year-old daughter at home and a 22-year-old daughter who is on her own. With a 12-year-old Mercury Sable, a three-year-old Toyota pickup truck, a mortgage on a two-bedroom home, and a trip to the movies their idea of an exciting night out, the couple is solidly Middle America...
...Kasprzak says the family income varies, depending upon his wife's consulting and teaching assignments, but is usually between $65,000 and $70,000. Their income in 2001 was a bit higher. So how would they do if the Social Security and Medicare double tax are eliminated? The couple would have an extra $1,600 to spend. (Among the 100 million individuals and families who would benefit if this double tax were canceled, the savings would range from several hundred dollars to more than $2,000.) On the other hand, if Bush's current stockholder proposal is enacted, the Seattle...
Nothing unusual there. Indeed, Kasprzak and Williams are like the overwhelming majority of middle- and low-income families who would derive little or no benefit from the President's elimination of the dividend double tax. Of 109.9 million returns filed for 2000 by those with incomes of less than $75,000, only 20% reported dividend income...