3 ms·

I think the tax cuts were stupid, but I don't see how a tax cut can work any other way. The top 1% pay 37% of all income taxes, so getting 17% of the benefit is

• siosonel 8y ago
  What an unusual way to present the "progressive" ratio of taxes being paid, basing it on the total taxes paid by percentile groups. Of course a disproportionately wealthy percentile would be expected to pay most of the taxes in absolute amount or as ratios of absolute amounts between groups, if all the percentiles paid the same amount, but also EVEN IF the tax rates slide lower (i.e. are regressive) for the wealthy. Progressive versus regressive tax rate discussions are more typically based on the ratio of one household's tax to that household's earnings. In other words, how much of what I make goes to taxes? I think this make comparisons more fair and straightforward, instead of comparing the ratios of combined absolute taxes by group.
  • Aunche 8y ago
    I mean that the tax cut is progressive. If it wasn't progressive, then the 1% would receive 37% of the tax cut savings.
• thrower123 8y ago
  It's really hard to cut the federal income taxes on the poor, who pay no federal income tax.