4 ms·
>> At this point, there is no way of having a reduction in tax bills that doesn't overwhelming favor the top 50% of earners >This is completely true. I think
by undersuit 9y ago
>> At this point, there is no way of having a reduction in tax bills that doesn't overwhelming favor the top 50% of earners
>This is completely true.
I think there are plenty of ways to go about restructuring taxes that make this false. Any jiggering you do with the lower brackets for lowering their rate can be equally compensated by the top brackets starting a few thousand dollars earlier.
- eropple 9y agoMaybe I'm misunderstanding you, but the poor don't pay much (income) taxes on the first place--cutting them to get to those sorts of numbers may be a negative income tax rate. As I understand it, the problem is pretty dumb to have: the imbalance is such that, without significant improvements and expansions of governmental services, there's no money to extract. We have a hand-to-mouth debt peasantry in this country. It's stark once you start digging into the numbers.