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This kind of math is the origin of the so called "bush tax cuts forth rich". Bush proposed cutting the tax rate for the lowest bracket in half giving the poor
by lzw 16y ago
This kind of math is the origin of the so called "bush tax cuts forth rich". Bush proposed cutting the tax rate for the lowest bracket in half giving the poorest the biggest benefit, but that didn't make it past the democrats. In e end, the poorest got the biggest percentage tax cuts and the highest bracket got the smallest...yet despite helping the poorest taxpayers the most people call these tax cuts "for the rich". In fact, how many of You even knew the lowest bracket had a dramatically higher percentage cut?
- Destruct1 16y agoThe important figure is net taxes payed. You add all the taxes you pay and subtract all the direct benefits you gain. If someone pays a lot of taxes but gets free high school education for their 4 children and medicare for their sick wife, he is a net winner of the system. Modern states spend 60-80% of their income for social things. Defense, police, education and infrastructure are only a fraction of the expenses (at least in europe). Since rich people rarely use social services, every tax cut directly eases their tax-burden. Middle class people end up paying less taxes but also receive less benefits from the goverment. I am not saying the author is wrong, but you need to compare the net money paid to goverment.