Quote:
Originally Posted by JesseQuinn
I think the point is a lot of peeps who don't need the money don't do that, and even if they do, what? more money to build new prisons? :/
when I lived in Belize I lived less than 10 feet from the shoreline. Paul Allen (Microsoft) had the 'smaller' of his two yachts parked out in the ocean right in front of my place for weeks.
I initially thought it was a cruise ship as it was so huge. had a helicopter on a platform on the back that looked like a toy in comparison to the size of the yacht. every night lit up like xmas, sure the energy bill for all that alone is more than most peeps in North America make in a year.
my neighbor and one of my friends and I wanted to row out to ask to be adopted, with me in front so we all didn't get shot approaching the boat 
but yeah, tax cuts for the super-rich don't make much sense. tax cuts to low and middle income peeps however means that more money gets injected into local economies. is anyone even still on that 'trickle down' train?
I like paying taxes. it's a privilege to share with my nation of residence |
I think that a lot of this "tax cuts for the rich" stuff comes from the way our tax code is set up.
Those "rich" people pay the vast majority of taxes.
More than 44% of Americans don't pay any taxes at all.
So when an across the board tax cut happens...OF COURSE the people who pay all the taxes are going to benefit the most.
It's simple math.
If you don't pay any taxes (as almost half the people in the U.S. don't) then they will get NO benefit from a tax cut.
If you pay $10,000 in taxes in a year you will get a good benefit in the ratio to what you pay.
If you pay tens of millions of dollars to the govt. every year....you will also get a good benefit in the ratio of what you pay.
But proponents of high taxes and bigger govt. are always trying to divide people and cause rifts.
And saying that the "rich" got HUGE tax breaks is one way to do it.
But no. They got the exact SAME percentage cut as the guy paying in $500 in taxes.
Nobody seems to talk about the fact that the top ONE percent pay $39.48% of ALL taxes.
The top FIVE percent (of which I'm part of) pay 59.97% of ALL taxes.
And get this: the top TEN percent pay 70.88% of ALL taxes.
That means that 90% of the people in the U.S. only pay 29.12% of all taxes.
It doesn't take a mathematical genius to see that YES...when a tax cut happens, people who PAY taxes get the cut.
But the media and Democrat politicians, looking to stir shit, never talk about that.