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This is too simplistic to be real. Would you say the same if the tax break was "anyone earning over $500k pays no taxes of any kind"? After all, it primarily af

• wang_li 9y ago
  Of course I'd not say the same, that's a very different situation than across the board reductions. In a country where 47-50% of tax returns have zero income tax liability, and 60% are not net tax payers, a new policy that lowers the tax rates across the board, but has a floor of zero, will obviously only affect those who have actually pay taxes. Another question I would be interested in hearing an answer to is why is everyone so concerned about tax breaks for the rich? Since the federal government doesn't operate on a balanced budget, the only motivations I can see are greed or spite. Greed because people are afraid they will not get services paid for by someone else, or spite because they think it's unfair that someone has more than them.
  • newfoundglory 9y ago
    In case you haven't been following the news, the recent tax bill was passed under a rule that limited the impact it was allowed to have on the deficit. Therefore, in order to make tax cuts for the rich not cost too much for the bill, they've included changes that remove funding from services or that raise taxes from the not rich. It doesn't matter whether the government as an abstract operates on a balanced budget or not, this particular bill is a (roughly) zero sum one. If you didn't know that, you should really do some more background reading.