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The reason republicans can sell tax cuts for the wealthy to the public is because most people don't understand the way the tax code works.
The current tax rates for a single taxpayer are
0-6000 10%
6001-27950 15%
27951-67700 27%
67,701-141250 30%
141251-307050 35%
307051 and up 38.6%
Now, here's where the confusion is for most people, and the right wingers use this to their advantage.
If you make 400K a year, then you're in the 38.6% bracket. But you DO NOT PAY 38.6% on everything you made, you only pay 38.6% on the amount you made OVER the 307K threshhold.
In other words, let's say 12clicks makes 400K a year. (I don't care what he really makes, this is just for an example)
On his first 6K dollars, he only pays 10%, the same as the guy flipping burgers.
On the amount between 6K and 28K he only pays 15%, the same as the guy who only makes that much.
It goes on like this until you get to the highest bracket.
So when you cut tax rates for the lowest bracket, EVERYONE gets a tax cut. Because even 12clicks pays the lowest rate on his first 6K dollars a year.
When you cut tax rates for the middle bracket, everyone in the middle bracket AND EVERYONE ABOVE the middle bracket gets a tax break, because of the way the tiering system works.
When you cut tax rates for the highest bracket, ONLY the people in the highest bracket get a break.
When you cut tax rates for THE LOWEST bracket, EVERYONE gets a tax break.
So for the wealthy to say the tax system is unfair because you only pay 15% and they pay 39% is totally untrue. Its a distortion of the facts.
There are currently 6 income tax brackets, so if you cut rates for all of the brackets, then the wealthy get SIX TAX BREAKS, because they get the lower rate at every step along the way.
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