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"I don't believe the tax burden on the lower classes in the US has ever been lessened by increased rates at the top levels." Every dollar of extra tax paid by
by Tloewald 9y ago
"I don't believe the tax burden on the lower classes in the US has ever been lessened by increased rates at the top levels."
Every dollar of extra tax paid by the wealthy is a dollar of tax that doesn't need to be paid by the non-wealthy. Your belief notwithstanding.
- Cshelton 9y agoYou missed what I said. I said tax rates, not what was actually paid, as you stated. The people at the top have the ability to move. Or when the tax rates were 90%+ on the top brackets, those people simply reported they made $249,999 that year as they have the ability to find other places for their money. Sorry if that wasn't clear enough. What I originally said is very different than how you understood it. Even in your case though, you assume government spending stays the same. But it doesn't. As government rev. increases, you can bet they will spend their new money as fast as they can. No matter if the additional revenue is coming from lower or upper brackets.
- Tloewald 9y agoYou presuppose governments just spend what they get, no-one benefits in any way, and tax rates have no impact at the margins. You're so completely off the mark I don't know where to start. It's fine to be cynical about rich people avoiding tax and the benefit of government programs, but you need to understand what you're being cynical about. The fact is that tax cuts do reduce revenue so having higher taxes clearly did something.