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A salient point from the article: So when we look for examples to illustrate the tax code, it makes sense to use a bunch of pretty wealthy families, because th

• matwood 9y ago
  This is a good point. If someone is going to highlight what a federal tax cut does, they have to go to people actually paying federal taxes. Most people in lower incomes brackets already pay near 0 in federal tax. This is why tax cuts do not really help those who need help the most. To help those who really need help we have to spend money on things like healthcare, education, and jobs programs[1]. [1] As an aside, people rightfully rip on military spending waste a lot, but it is still a decently functioning jobs program.
  • joshuaheard 9y ago
    On the other hand, a tax cut helps a husband and wife working 60 hour weeks each, who barely have time for each other, in order to pay for the mortgage, health insurance, and try and save for retirement, and pay over 60% of their money to the government (40% fed tax, 14% state tax, 10% sales tax).
    • dlp211 9y ago
      If some family is taxed at those rates, they don't need a tax cuts because they are pulling a 7+ figure income. For reference, I make close to $200k and my effective federal tax rate including FICA taxes was 16%.
    • Tostino 9y ago
      What are you even talking about... Who pays a 60% tax rate?
    • jwlato 9y ago
      You're claiming that 40% of their total earnings are lost to federal tax? In this example, what types and how much income are you proposing? Doesn't seem realistic to me.
  • TheCoelacanth 9y ago
    That's simply not true. Every single worker no matter how poor pays a 7.65% federal tax on all of their wages below $127k.