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09-19-2005, 12:27 PM #10OPSenior Member
Poor Behavior
Howdy bhall,
You state and ask:
" W's tax cut in 2001 for the lowest 20% of earners in America was 2.6% while for the highest earners the cut was 7.3%. In 2010, when W's tax scheme stops, the lowest earners' cuts will be at 1.2% - a raise over 2001 levels - while the highest earners' cuts will be at a whopping 51.8% - yes, you read that correctly (source: Institute on Taxation and Economic Policy Tax Model, June 2002). "
"So tell me, how exactly is that helping the poor?"
The top earners pay the most in taxes,it makes sense to give them the biggest tax breaks,because they are most often business owners,who can then turn around and re-invest in their company and hire more workers. I think that you won't be happy until it amounts to income redistribution..well..if it's socialism ya want-then move to a socialist country.
Have a good one ...
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