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>>What a puny number that benefits such an enormous amount of regular people. Well, I guess that depends on your definitions of "puny" and "regular". Since 75%
by breischl 10y ago
>>What a puny number that benefits such an enormous amount of regular people.
Well, I guess that depends on your definitions of "puny" and "regular". Since 75% of the benefit goes to people making over $100k/year, that must be your definition of "regular people." Which isn't really statistically defensible, but might be your personal experience. I'm not sure $100bn really counts as "puny" even to the Feds, though. Granted 3% of last years' revenues isn't a huge number, but neither is it a rounding error.
Personally, I think it's absolutely silly to forego tax dollars to encourage people to go into debt. Not that I'm above taking advantage of it every year, and probably deriving more benefit from it than most.
I'm still trying to figure out what any of this has to do with the Iraq war, though.
- sokoloff 10y ago> 75% of the benefit goes to people making over $100k/year It's much closer to households making over $100K/yr than people making that.