Do the wealthy REALLY NEED yet another tax cut?


fact: wealthy pay, on average, @ 17 cents per dollar of income in effective taxation (very close @ 15 cents poor pay)
fact: middle-class citizens forced pay effective rate of taxation of @ 40 cents per dollar of income; greater twice rate wealthy pay
armed facts, , having witnessed gop's new-found concern debt/deficit, (and fact gop balks @ adding 30 billion deficit can long-term unemployed feed families, make house payments, buy gas car can drive interviews, etc., while work), can united states afford take on 700 billion dollars in debt give further tax breaks wealthy (who, again, pay effective rate of taxation less half of middle-class folks forced pay)?

sources: http://www.tax.com/taxcom/features.nsf/a...
http://www.benningtonbanner.com/ci_15508...
http://www.ctj.org/pdf/irstop400.pdf
http://www.timesonline.co.uk/tol/money/tax/article1996735.ece
http://www.nytimes.com/2005/07/07/business/07scene.html

fail answers: 1) tax cuts wealthy create jobs; 2) tax cuts wealthy bolster revenues; 3) tax cuts wealthy pay themselves; (sorry...got 30+ years of data re: "trickle-down economics" directly refutes of those); 4) wealthy pay more total dollars in taxation; (yes, pay more dollars, single dollar has far more value poor/middle-class american american has millions/billions of them)

fact: wealthy pay, on average, @ 17 cents per dollar of income in effective taxation (very close @ 15 cents poor pay) fact: middle-class citizens forced pay effective rate of taxation of @ 40 cents per dollar of income; greater twice rate wealthy...


Politics & Government Politics Next



Comments

Popular posts from this blog

Nissan Quest vans .. any bad reviews?

Volkswagen Beetle History, Mission, Strategy from 1930-1960 [need links]?

Short survey/interview questions for my English paper..plz help :)?