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#11 | |
Warpath Hall of Fame
Join Date: Mar 2009
Posts: 35,022
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Re: Fresh Start Political Thread
Quote:
Read up: https://www.brookings.edu/blog/up-fr...llion-dollars/ Ninety-six percent of the benefit would flow to the top 20 percent of the income distribution with the top 0.1 percent getting a tax cut of $154,000 per year, on average. To be fair, the middle class does get something. The middle 60 percent of the income distribution would receive, on average, a tax cut of $37 per year. Even in high-tax states, the middle class gets little. In New York, the top 1 percent would get a tax cut of about $103,000, on average. For those in the middle class, the benefit is just $90, on average. So repealing the cap is regressive and delivers little to no social benefit. Also, raising the tobacco, vape, etc. taxes directly hits the poor. You guys all are full of shit. It’s a socialist plan period which tax benefits the wealthy especially in high tax blue states.
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