Political Quotes

Judd Gregg: “When we were coming up through the ranks, if you had seven to eight kids, which is a lot of kids, you would need an…”

On the recordJune 26, 1997
When we were coming up through the ranks, if you had seven to eight kids, which is a lot of kids, you would need an income probably of $70,000 to $80,000. Both parents would have to be working to maintain those families. In that bracket, you would be paying an effective rate of 58 percent on your income tax. And another FICA tax on top of that works out to be an effective rate of 73 percent on the additional earnings.
Said by
Judd Gregg

Editor's note · Context

Discussing the financial burdens on families with multiple children.

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