Quote:
Originally Posted by TheDoc
So the top1% guy get's the tax benefits of the lowest, second, middle, fourth, highest, top 10 and top 5, then he gets hit with the 31.2%... so really, it's not 31.2% at all, it's more like 20% for the top 1% and slowly goes down as your income does.
The top 1% get the same tax benefits of everyone else... they don't get taxed 31.2% on the first $20k, it's 100% equal with the poor on that income level.
Best part is, we don't really have to raise taxes, just undo the tax cut Bush did... put it back to how it was, "before you bitched about it" and our spending to income ratio flips back around.
|
Someone needs a dictionary to understand what "effective tax rate" means.
And hey, if you're for letting ALL of the bush tax cuts expire, you'd have a position worthy of an American but I'm betting that's not what you're for.