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If you have a high income and spend every dime of it, that's your problem, not mine. Didn't you ever hear the term Rainy Day Fund? Or the story of the ant and the grasshopper?
Some people paid tens of thousands to for education, and just start to work. Their net value is negative although their paycheck is decent. Not to mention 3 months' rent and deposit, etc.
It's not a refund, it's a distribution. It should be the same amount provided to every adult citizen. Anything else is a bs lie.
Agreed, this could make a real difference for people. I do think Americans that earn millions or higher will be exempt ------as they likely won't suffer financially.
Just wanted to bump this to note that at the press conference this morning, Pence refused to say whether bailout funds will have restrictions that they can’t be used for executive bonuses.
The rich will get richer and the poor will die, which is all they want anyway.
Republicans are overjoyed that a bunch of poors might die from this.
Yes, that's true. US taxes are actually relatively flat once you include all taxes. Actually, billionaires pay less in taxes than the people at the bottom in terms of percentage of their income.
(That chart is interesting in that it includes how federal excise taxes and the corporate income tax affects each income group. Most people don't realize that corporate income tax is included as overhead in the pricing formula for goods/services and is therefore embedded in the price of everything we buy. Corporations don't actually pay it. It's passed on to the end users/consumers. It's a hidden tax on whoever buys/rents a corporation's goods/services/etc., including those in the bottom income quintile.)
While state and local taxes are mildly regressive.
(That chart is interesting in that it includes how federal excise taxes and the corporate income tax affects each income group. Most people don't realize that corporate income tax is included as overhead in the pricing formula for goods/services and is therefore embedded in the price of everything we buy. Corporations don't actually pay it. It's passed on to the end users/consumers. It's a hidden tax on whoever buys/rents a corporation's goods/services/etc., including those in the bottom income quintile.)
While state and local taxes are mildly regressive.
Romney is the only Republican politician I actually find repulsive. I supported him once, and am ashamed to say so. I won't be suckered in again to believing anything he says. I wish he'd migrate to the other side!
Happy to say I supported Yang and this is his idea.. a really good one at that.
This is exactly true.
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^^^^^^
