User Tag List

+ Reply to Thread
Page 5 of 5 FirstFirst 12345
Results 41 to 41 of 41

Thread: The Game is Rigged!

  1. #41
    Points: 435,862, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 100.0%
    Achievements:
    50000 Experience PointsVeteranOverdriveSocial
    Awards:
    Frequent Poster
    Tahuyaman's Avatar Senior Member
    Karma
    308622
    Join Date
    Dec 2014
    Location
    Bremerton, Washington
    Posts
    184,810
    Points
    435,862
    Level
    100
    Thanks Given
    20,287
    Thanked 77,637x in 56,021 Posts
    Mentioned
    707 Post(s)
    Tagged
    1 Thread(s)
    Quote Originally Posted by Peter1469 View Post
    If the top 10% is paying 80% of the taxes, and you cut taxes, the 10% will get 80% of the tax cut.
    but that's not the way it's been working. Tax cuts have been more targeted in the last twenty years or so. The very wealthy are progressively paying a higher percentage of the income tax collected. While the lower income people are paying less and less. More are ebpverythingeveeven being excerpted fromr paying the federal income tax all together.

    The phrase "tax cuts" is also a bit misleading. While rates may be cut, that doesn't necessarily mean one pays less in real dollars. The just pay less as a percentage of their income. Generally cuts in tax rates result in more economic activity and economic growth. Tax revenues into government then increase.

    Cuts in tax rates do not need to be "paid for" as liberals always claim. What needs to be done is to stop the trend of raising spending more than the raise in revenues.

  2. The Following User Says Thank You to Tahuyaman For This Useful Post:

    Peter1469 (09-03-2018)

+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts