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02-05-2008, 11:49 PM
Beef Wrote:I think the whole point is to show that when tax cuts happen, even if a person saves $50,000 to someone's $500, they are still paying a larger majority of their income and a larger % of the overall taxes. And most tax cuts give the high classes less of a break...ie, here he only saved 16%, the lowest % of any person.I understand that, But lets say that all of these men lived in the same neiborhood in similar houses and had roughly the same costs of living. Four made 30K a year, 1 made 40K, another made 60K, one took down 90K, another 120K, yet another ringing in at 200K and one lucky hardworker made 500K a year.
For poops and giggles lets say that these numbers were after taxes.
Then the tax breaks come.
The wealthiest was paying aprox. 250K a year in taxes and got a 16% break, to me that looks about 40K.
Then let's look at the 40K bloke, paying around 10 K a year. gets a whopping 33% tax break and is able to stick another $3,300 in his pocket a year!
WOW, now he might be able to take a vacation, or buy his kids some books for college.
See what I am trying to get at? The less fortunate need the bigger breaks. If for no other reason than to survive!
Messages In This Thread
Taxes Explained - by Beef - 02-04-2008, 09:08 PM
Taxes Explained - by Panther Thunder - 02-04-2008, 10:31 PM
Taxes Explained - by The Guru - 02-05-2008, 01:19 AM
Taxes Explained - by Beef - 02-05-2008, 06:34 PM
Taxes Explained - by More Cowbell - 02-05-2008, 07:22 PM
Taxes Explained - by The Guru - 02-05-2008, 11:49 PM
Taxes Explained - by thecavemaster - 02-06-2008, 10:05 AM
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