BoatBanter.com - View Single Post - Tax cuts for the rich...benefit only the rich.

amdx[_3_]

On 12/2/2013 6:14 PM, wrote:
On Mon, 02 Dec 2013 17:14:14 -0500, "F.O.A.D." wrote:

Lowering the tax rates on the wealthy and top earners in America do not
appear to have any impact on the nation’s economic growth.

I am not sure the effective tax rate has actually changed for several
decades. They lower the rates and remove some loopholes. Raise the
rate and add some loopholes.

The uber rich still pay diddly.

Hmm.. the upper 10% pay 70% of the taxes.

Top 25% pay 87.5% of the taxes.

OTOH the working class doesn't pay at all.

Bottom 50% pay 2.25% of the taxes.

I would support a 5% across the board hike on everyone.
The only way I would do it is if we simply froze spending at current
levels instead of going up every year

I support a 5% across the board spending cut on all programs.
And then again next year.
Mikek