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Taxes Explained
#6
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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