Money & Economics

[bigredfish]

Weird

Must be using the same math to calculate “no inflation”

 

[jpc-s4]

Slow down. I dont see nor did I assume an implication that those wealthy folks were "stealing" it from the poor.

I'm all in favor of folks getting rich. I'm pro-wealth and pro business. Certainly not interested in more communist style laws.

Its simply pointing out that the economy, and to some degree government policy, by any measure has benefited the wealthy to a far greater degree than the bottom 90-95% and accelerated Big time since the 2020 scamdemic

One small example that it continues to


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You do realize that the poorest 40% or so have a net tax bill of zero or less prior to these tax cuts, right? Therefore, it you aren't paying anything to begin with, you can't get any more back.

 

[johnfitz]

You do realize that the poorest 40% or so have a net tax bill of zero or less prior to these tax cuts, right?

People earning $30K to $55K don't pay taxes? And how about those earning $55K to $157K... why should they get less share of the tax cuts than the richest?

 

[tigerwillow1]

People earning $30K to $55K don't pay taxes? And how about those earning $55K to $157K... why should they get less share of the tax cuts than the richest?

Is the share measured in absolute dollars of the cut, or percentage of prior tax? I think this is one case where you can produce opposite results based on what data you're using.

 

[johnfitz]

Is the share measured in absolute dollars of the cut, or percentage of prior tax?

I pretty sure the shares are measured as the average net tax cut for each group a.k.a. absolute dollars.

I think this is one case where you can produce opposite results based on what data you're using.

I'm not sure what you mean by "opposite" results? Different yes, but opposite I can't see how.

In any case, I'd assume that most people won't be happy with this arrangement... seems to me we would be better off without the tax cuts... let the money go to paying off the national debt... or not increasing it LOL... can't say how I would feel if I was part of the "Richest" group