Let the good times roll for the upper-class!

[MrFun]

We need to purge our country of the middle class!

Unfair Tax Cuts

More specifically, this part of the article got my attention:

"Middle-income households would receive an average tax cut of $20 from the agreement, according to the joint Urban Institute-Brookings Institution Tax Policy Center, while 0.02 percent of households with incomes over $1 million would receive average tax cuts of $42,000."

wow

[Japher]

why do you hate America?

[Arrian]

How Much Would You Save
Under the Plan?

Income, in 2005 dollars Average tax saving
$10,000-20,000 $2
$20,000-30,000 9
$30,000-40,000 16
$40,000-50,000 46
$50,000-75,000 110
$75,000-100,000 403
$100,000-200,000 1,388
$200,000-500,000 4,499
$500,000-1 million 5,562
More than $1 million 41,977

SOURCE: Tax Policy Center

****ing bastards. Meanwhile, the federal budget is leaking like sieve.

-Arrian

[SlowwHand]

Can you do proportional math?

[Arrian]

Do you understand the idea behind the progressive tax system?

Furthermore, do you not understand that the government will now just borrow more money and then have to tax us down the road to pay the interest??

The second point, btw, is the one that I care more about.

-Arrian

[SlowwHand]

So pay now or pay later. I understand fully.
As far as progressive tax, it looks the part.

[DAVOUT]

It would be immoral to fiscally save 40000$ out of a 10000$ income.

[MRT144]

this is why we need brackets calculated to the dollar. to the dollar!

[DAVOUT]

Originally posted by Arrian
Do you understand the idea behind the progressive tax system?

Furthermore, do you not understand that the government will now just borrow more money and then have to tax us down the road to pay the interest??

The second point, btw, is the one that I care more about.

-Arrian

As a millionnaire, with the 41977$ saved, you will buy Treasury bonds, and the following year you will receive interests honestly earned.

[Ecthy]

Earning interest on a tax cut? Sounds a lot of fun

[Dauphin]

OMG! People who earn less than $40,000 won't be saving over $40,000 after revision in taxes rates/bandings!!!

[Kuciwalker]

Re: Let the good times roll for the upper-class!

Originally posted by MrFun
We need to purge our country of the middle class!

Unfair Tax Cuts

More specifically, this part of the article got my attention:

"Middle-income households would receive an average tax cut of $20 from the agreement, according to the joint Urban Institute-Brookings Institution Tax Policy Center, while 0.02 percent of households with incomes over $1 million would receive average tax cuts of $42,000."

wow

You are a tool.

[Zkribbler]

For awhile there, I thought our millionaires might have to suffer. Thank GOP that they'll be getting more money.

A rising Republican tide raises all yachts.

[Barnabas]

Cant you americans just print dollars if you need to pay debts?

[Pekka]

Ecthy, beats the what is normal for Euro countries, that is paying taxes on taxes.