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Top end tax cuts only allow the financial theives to keep most of the loot. Tax cuts for the working and middle class provide the spending that keeps the economy growing.
If you check the facts, you will quickly realize that you are wrong on both counts - seriously wrong.
Top end tax cuts allow the economy to keep more economic mojo in the economy instead of valueless transfer within the government that do nothing but rearrange the deck chairs so to speak.
I am not sure what a working class is, but it seems to be a holdover from the USSR-era of communism. Bill Gates, for example is very wealthy, but works far harder than the average minimum-wager.
Finally, the middle class doesn't really pay very much in taxes compared to the overall "contributions" to the treasury. As I recall, the top 10% of income earner contribute well over 2/3 of all money sent to the Treasury Dept. while the bottom 47% pay nil in taxes - or less.
I would encourage you to become familiar with the facts prior to posting.
When major corporations pay no tax, I will never believe they pass the savings on to consumers. It will go into the pockets of the CEO's.
And as we have seen for decades, our tax money ends up going into the pockets of our politicians. Politicians use our tax money to buy favors, influence and perks. Just look at how average our politicians income is, until they go into political office, suddenly they all own five rent controlled apartments, multiple homes in the US, lavish estates in foreign countries, or write books about an unaccomplished life which earn millions of dollars for their bank accounts. Many times the big payoff from all the favors they bought while in office, comes with lavish jobs as lobbyists and working their Washington insider Rolodex.
And as we have seen for decades, our tax money ends up going into the pockets of our politicians. Politicians use our tax money to buy favors, influence and perks. Just look at how average our politicians income is, until they go into political office, suddenly they all own five rent controlled apartments, multiple homes in the US, lavish estates in foreign countries, or write books about an unaccomplished life which earn millions of dollars for their bank accounts. Many times the big payoff from all the favors they bought while in office, comes with lavish jobs as lobbyists and working their Washington insider Rolodex.
Depends on who gets the tax cuts. Anyone with over a million in assets doesn't need them. They have enough tools to avoid taxes if they get a decent advisor.
You dont understand it is not about what person A thinks person B needs, it is how the economy works if person A feels they have money to spend they are going to spend it "jobs".
BTW, putting money in banks also "keeps the money moving".
The banks rent it to others.
I am aware there is much more to an economy than what I previously stated but, I still believe the uber rich are able to avoid taxes and I am not seeing any job creation.
I know my family is suffering terribly and it p---- me off that corporations are given a pass on paying federal taxes on their profits.
It is so very frustrating to see the middle class shrinking while the elite can bypass things so easily. I don't care what they earn & I am not jealous of the rich, I just want things to be fair. Continued tax breaks for the ultra wealthy while the rest of us suffer is appalling to me.
Depends on who gets the tax cuts. Anyone with over a million in assets doesn't need them. They have enough tools to avoid taxes if they get a decent advisor.
I starting reading the tax code while on break from my three minimum wage jobs.
You do NOT need to be a millionaire or, have an advisor.
I am aware there is much more to an economy than what I previously stated but, I still believe the uber rich are able to avoid taxes and I am not seeing any job creation.
I know my family is suffering terribly and it p---- me off that corporations are given a pass on paying federal taxes on their profits.
It is so very frustrating to see the middle class shrinking while the elite can bypass things so easily. I don't care what they earn & I am not jealous of the rich, I just want things to be fair. Continued tax breaks for the ultra wealthy while the rest of us suffer is appalling to me.
Some me where the rich are given a pass on PROFITS.
Depends on who gets the tax cuts. Anyone with over a million in assets doesn't need them. They have enough tools to avoid taxes if they get a decent advisor.
Anyone who is retired needs a million in assets - that will only generate a safe $40,000 or less (much less right now). At that level if they had kids they would practically be eligible for a free lunches at school...
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