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| *Loan,banking and credit>>>tax cut |
I keep hearing the tax cuts only benefitted the rich. So here's my question? |
who here has payed less payroll tax since Bush Implemented his tax cuts? I know I have and I make between 10,000-25,000 annually. Tax cuts have to benefit the wealthy because they pay the majority of income taxes. When you give tax cuts, the fair distribution is rate cuts. The more you pay, the more you get refunded. The top 1% pay over 33% of the federal income taxes. The bottom 33% pay none. The whole thing is a lie perpetuated by class envy democrats. I've paid MUCH more you forget the debt has increased by 300+billion a year. thats 1000$ per American. I know you pay your debts. So after you pay back the 1000$ a year Bush borrowed and spent for you did you pay less taxes? I think I may have gotten about $100 off...maybe... I have a rich friend who said he's saved tens of thousands over the past few years? WOHOO!... and billions more in debt we went... the top one percent earns a tremendous amount of the overall income of the U.S... probably pretty close to the 33 percent mark, if you count stock market profits... I don't feel to sorry that they have to pay 33 percent? Everyone got some benefit from it. The point of contention is, however, upon how it would stimulate the economy. That is getting lost in the translation into a pointless class warfare foment. In truth, it would have been best to do the tax cut so that the majority of americans(the 90% of us who are making less than 70,000 a year) got the lions share of the benefit because then all those people would use that new disposable income to buy things - thus stimulate the economy with a lot of cash which then gets paid to the rich corporations. Things are good and the corporations start hiring more employees. In fact what happened was, most americans ended up with 300 dollars more a year. Then the majority of the benefit went to the largest tax payers, rich people and corporations, who seeing tough times did NOT hire more people and stimulate the economy. They held onto that cash because they feared the economic environment. (This is exactly how trickle-down economics always fails) So in the end, the economy stayed sluggish, the american taxpayer got a little back and the corporations got rich. I just would have liked it if the economy surged forth, the american taxpayer got a lot back and had something to really show for it, and the corporations got rich. I have, by a lot. Believe me I'm not even close to rich, even what the Democrats consider rich. Me, and EVERYONE who actually works. The people who say the Tax Cuts were for the Rich are just Democrats who are on Welfare. Or they would know different. Young & Healthy Democrats who draw Welfare are stealing, from the People who really Deserve It. Get a Job, Democrats. And get some Pride, and get in on the Greatest Economy in the history of our Nation. I ESCAPED the Democrat Plantation. YOU CAN TOO!!! But you have to WANT to. |
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