The Last 4 Years.

[Darrell Green Fan]

Originally Posted by sdskinsfan2001

If you pay 20k per year in taxes and I pay 10k per year in taxes, then they cut your rate 5% and mine receives a higher cut of 7.5%, you would still "get" more money than me because you paid more. You would get to keep an extra 1k and I would get to keep an extra 750. Is this unfair? No, it makes sense, if you pay more you could keep more actual dollars even if my tax rate cut was higher.

Note - I was already responding to your original post, while it looks like you were editing.

I had edited my post because I misread yours. We both agree that a tax break will beneifit the 1% far more than the average worker. So therefore the tax breaks benefitted the ultra wealthy far more than Sam the butcher as I have always claimed. Kamala is simply trying to change that.

It's no secret that the ultra rich pay very little in taxes, as I have posted in the other thread Trump literally bragged about it. Well some of feel that is very very wrong.

[sdskinsfan2001]

Originally Posted by Darrell Green Fan

I had edited my post because I misread yours. But tell me how I am wrong when I say a big tax break to a 1% would not be substantially higher than the $1,000 average tax break the middle class realized. So therefore the tax breaks benefitted the ultra wealthy far more than Sam the butcher as I have always claimed.

Looking at total dollars is the wrong way to look at it, that's why you're wrong. The top 1% tax rate dropped from 39.6% to 37%. Middle class dropped from 25% to 22% and lower middle class dropped from 15% to 12%.

3% >>> 2.6%

So the middle class got to keep a higher % of their income and pay a drastically lower tax rate in general.

If Kamala wants to drop my tax rate even lower than 22%, I'll take it. Is that what she's proposing? I haven't seen that anywhere.

When looking at any stat, you can't just look at the total number. You have to look at %'s, ratio's, per capita, etc.

[Darrell Green Fan]

Originally Posted by sdskinsfan2001

Looking at total dollars is the wrong way to look at it, that's why you're wrong. The top 1% tax rate dropped from 39.6% to 37%. Middle class dropped from 25% to 22% and lower middle class dropped from 15% to 12%.

3% >>> 2.6%

So the middle class got to keep a higher % of their income and pay a drastically lower tax rate in general.

If Kamala wants to drop my tax rate even lower than 22%, I'll take it. Is that what she's proposing? I haven't seen that anywhere.

When looking at any stat, you can't just look at the total number. You have to look at %'s, ratio's, per capita, etc.

You make a fair point however as I said in my edited post (you are too quick for me) it's no secret that the ultra wealthy have ways to pay very little in taxes. Trump literally bragged about it and said it was smart and if you don't like it get the laws changed, which I totally agree with. However something is terribly wrong when a man like Donald Trump paid far less in taxes than you did. So I'm voting for the person who will fight to change that.

[nonniey]

Originally Posted by Darrell Green Fan

You make a fair point however as I said in my edited post (you are too quick for me) it's no secret that the ultra wealthy have ways to pay very little in taxes. Trump literally bragged about it and said it was smart and if you don't like it get the laws changed, which I totally agree with. However something is terribly wrong when a man like Donald Trump paid far less in taxes than you did. So I'm voting for the person who will fight to change that.

Which is why the Dems rate increases hurt the middle and lower classes more than they hurt the rich. The problem with the Dems taxing plans (and has always been that problem) are the deductions, exemptions, the shelters etc. that benefit the rich. Why do you think many maybe even most of the rich support the Dems more than the GOP? Dem plans always seem to include tax incentives for targeted areas most of which benefit the wealthy. Example Obamas tax plans incentive to buy electric cars which at the time only the very wealthy could afford to take advantage of.