Tax cuts happen, why all the fuss?
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JoeUser Forums
JoeUser Forums
I originally wrote this here, Link as a reply all the excess drama over Bush and Cheney saving money as a result of their tax cuts. However, largely because of length, (and laziness), I decided to delete my reply and repost it here instead.
Apparently the far (and I do mean far) side of the left seems to think that this was implemented by Bush to save himself a (to him) insignificant amount of money, at the cost of devestating the poor and middle class. Well, I feel devestated, don't you?
Meh. Tax changes affect me little to none. I'm military reporting a gross income of 32 grand a year, and I end up paying 1700 in taxes. If it goes up, goes down, I make a couple of grand higher or lower, it affects me what, a couple of hundred dollars if anywhere near that? Not enough to pay one electric bill in a hot Texas summer.
I'm not poor, but I've got a lot of debt. For here, I'm lower middle class, and I don't see that lowering the taxes on the wealthy hurts me particularly unless it seriously hurts the economy, which I doubt, and then not much.
Good grief, I pay far more taxes in the form of sales tax, luxury tax (well, at least in gasoline, higher prices through tariffs, etc.), property tax, utilities taxes, social security, Medicare, et cetera than income tax could ever amount to. Something like three times as much. These taxes are ever made nearly as much fuss over, aren't for the most part progressive in any way, yet account for at least twenty percent of my income, before income tax ever comes into the picture.
Before income tax could represent serious amounts of money, my income would be far to high for those large amounts to really hurt me. (Which is of course the idea behind progressive taxes) If they want to lower some taxes, and it doesn't make a serious dent in the economy, I say lassez faire (which being this tired, I undoubtedly mispelled). Or to quote Jefferson out of context, it neither picks my pocket, nor breaks my leg. It's not hurting me.
Apparently the far (and I do mean far) side of the left seems to think that this was implemented by Bush to save himself a (to him) insignificant amount of money, at the cost of devestating the poor and middle class. Well, I feel devestated, don't you?
Meh. Tax changes affect me little to none. I'm military reporting a gross income of 32 grand a year, and I end up paying 1700 in taxes. If it goes up, goes down, I make a couple of grand higher or lower, it affects me what, a couple of hundred dollars if anywhere near that? Not enough to pay one electric bill in a hot Texas summer.
I'm not poor, but I've got a lot of debt. For here, I'm lower middle class, and I don't see that lowering the taxes on the wealthy hurts me particularly unless it seriously hurts the economy, which I doubt, and then not much.
Good grief, I pay far more taxes in the form of sales tax, luxury tax (well, at least in gasoline, higher prices through tariffs, etc.), property tax, utilities taxes, social security, Medicare, et cetera than income tax could ever amount to. Something like three times as much. These taxes are ever made nearly as much fuss over, aren't for the most part progressive in any way, yet account for at least twenty percent of my income, before income tax ever comes into the picture.
Before income tax could represent serious amounts of money, my income would be far to high for those large amounts to really hurt me. (Which is of course the idea behind progressive taxes) If they want to lower some taxes, and it doesn't make a serious dent in the economy, I say lassez faire (which being this tired, I undoubtedly mispelled). Or to quote Jefferson out of context, it neither picks my pocket, nor breaks my leg. It's not hurting me.
